4 March 2025 - overvalued
The share price of the aerospace, defence and power systems group has hit a record high today following the announcement of excellent results last week and the news that Europe is to increase defence spending following announcements by Donald Trump. Last year's results were indeed very good but it is worth bearing in mind that underlying earnings per share for 2024 were only 20.29p. The company produced very strong cash flow last year which was much better than expected and the company has announced a £1bn share buyback together with a dividend payout for . . .
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