Post by
Tempo1 on Aug 01, 2024 5:20pm
One week after
We had the Q2 results one week ago. Two thoughts:
Sparkling results but there was a catch; the margin was lowered to 15,5%, 5 months before the 2025 forecasted 18% year. They explain that by the product mix and they are confident about the 18%. next year. We can't watch by ourself the large jet being at the same 48% than a year before and services at 23% instead of 25%. This subject was the most discussed by analysts at the Conference call. Management explained that the difference was at a more micro level with the military deliveries etc. All we have to do is to trust them.
The SP was weaker than we thought, volatiliy is back. The result of the uncertainty explained above ? At least, we can see that the 100$ surge in the 2 th and 3 trd week of july were only a pre-result surge and not a sound trend. The trend is more in the 88$-93$ range as we had in june. Without new catalysts, we can expect this for a few weeks. The only predictable catalyst in sight are the Q4 results in february. We were in the 50's in april, not so bad.
Comment by
johnney on Aug 01, 2024 5:42pm
Yes, but last year, 2023, March ir April we been up to $74, and fell! In the Middle East, if turns bad, what will happen to the markets! Does some here thinks of this! There's never a problem until it presents! Glta!