The Crazy Russian
08 Aug 2016
Re: Rise? or the 'NEWS'the icon is 1/2 inch from what is clicked for discuss!
Lupo di mare
08 Aug 2016
Re: Rise? M8, don't you read others' posts?
Pad Mc Pad
08 Aug 2016
Rise? Why the rise today?Cheers
foglight
08 Aug 2016
Elliot Int Assoc take 5% stake Good move up this morning on this announcement. (sp 438p)
Lupo di mare
08 Aug 2016
CFDs Bug ger, just when I was going to add some more from a partial GSK sale - hey ho.
Simbrad
23 May 2016
Beaufort's note on Meggitt is up on Research Tree, it's available for free: "Meggitt continues to build on its existing ties with the Canadian Armed Forces, given it has received another contract. The target systems to be manufactured include the advanced, unmanned Hammerhead surface system, which can form part of a swarm threat simulation of up to 16 vessels, and Vindicator, an aerial target that can present the appearance of various aircraft profiles to radar, for naval weapons development and personnel training. Recently, Meggitt reported its Q1 2016 trading updates, which were in line with expectations. The company remains on track with regard to cost-cutting plans. Meggitt is likely to benefit from a stronger US dollar and the two composite acquisitions completed towards the end of 2015. The company has undertaken initiatives to improve R&D investments and acquire new platforms, aimed at long-term revenue growth. In addition, the deployment of the Meggitt Production System has resulted in several tangible improvements in many operational and customer satisfaction metrics. Meggitt's high focus..."
oldjoe1
07 Dec 2015
MGGT, Revenue growth AHEAD......... MGGT Meggitt,Update this morning........MGGT... Over the medium term, the Group is well positioned to deliver organic revenue growth ahead of the end markets in which it operates.[link]
II Editor
06 Nov 2015
NEW ARTICLE: Share of the week: Meggitt down but not out "It seems odd picking LSE:MGGT:Meggitt as Share of the week. A third-quarter profits warning late last month pounded the defence contractor and plane parts engineer, and within a day more than 26% of its value had been wiped out. But it's a ..."[link]
oldjoe1
06 Nov 2015
Re: Director and related interest buying. MGGT MeggitHmm just found this on the IC: site (mid september) and may shed some light on recent Director Buys......<b><i>Buffett acquisition highlights Meggitt's allureWarren Buffett's recent $37bn (£24bn) purchase of aerospace parts supplier Precision Castparts highlights the allure of UK peer Meggitt (MGGT). And directors have recently been buying shares, too, as the components and sub-systems manufacturer boosts investment to capitalise on strong end markets. With last month's first-half results emphasising Meggitt's attractions and bid speculation growing, we think the shares look too cheap on 13 times forecast earnings.</b></i>
oldjoe1
06 Nov 2015
Re: Director and related interest buying. MGGT MeggitMeggitt director dealsDate Director Type Volume / price Trade value02 Nov 2015 Guy Berruyer Buy 10,000 @ 355.43p £35,543.0030 Oct 2015 Doug Webb Buy 30,000 @ 352.67p £105,801.0030 Oct 2015 Stephen Young Buy 100,000 @ 352.67p £352,670.0030 Oct 2015 Sir Nigel Rudd Buy 57,000 @ 348.76p £198,793.20
foglight
05 Nov 2015
Wrong price The shares have been 380p for most of the day. iii can be rubbish sometimes.
foglight
04 Nov 2015
Director and related interest buying. Nice to see significant buying interest recently following share weakness:-Sir N Rudd [email protected]. (Holding now 97,000). (Lady Rudd also bought 29,700)Spouse of Stephen Young (ceo) purchased 100,[email protected] - interest now in 637,419 Douglas Webb (CFL) purchased 30,000 @ 352.67. Holding now 78,240 Guy Berruyer (non ex) purchased 10,000@ 355.43p. Holding now 13,000Chris Allen (Group director for engineering and strategy) 15,[email protected]. Holding now 138,602.David Johnson (chief operations off) purchased 25,000 @ 354.04p. Holding now 157,832Amer Allahverch (Group operations Dir) purchased 10,000 @ 354.04p. Holding now 74,970In addition Capital Group Companies Inc now holds over 16% of the equity. Their stated policy is to look to the medium to long term but, it is a name that sticks with me when a significant holding is built up to influence change.I have added to my recent purchase on the back of these purchases.(sp 369p)
nk1999
03 Nov 2015
Barclays view From ADVFN:"Aerospace and defence engineer Meggitt rallied after Barclays reiterated its 'overweight' rating on the shares, saying the stock was "too cheap to ignore".Meggitt's shares plunged last week after warning that full-year profits will miss its £369m forecast, due to fewer contracts and increasing programme deferrals."Rarely do we find A&D companies which are simply too cheap, but post last week's warning Meggitt is firmly in that bracket," Barclays analysts Phil Buller and James Zaremba wrote in a note to investors on Tuesday."At 10x FY16 P/E, 9x EV/EBITA with a comfortably affordable dividend yielding circa 4.5%, the shares trade at a 25% discount to their own historical averages vs. the sector in spite of a 6% EPS CAGR and unmatched cash progression."The analysts added they were concerned about the near-term visibility and capital deployment discipline but it seemed more than in the price.They lowered Meggitt's price target to 420p from 610p."In short, we see this as a compelling entry point with limited further downside. 420p price target implies 19% upside."SP up 16p today to 373.nk
gamesinvestor
29 Oct 2015
Re: Interims "there seems to be too many accountants"Fog, as an engineer mesen, I couldn't agree more, although you would have thought with so many bean counters (conservative by nature) Meggitt wouldn't have overextended at all.There must have been some ambitious engineering decision behind all these acquisitions or am I being naive and they were all done because someone had mates on the boards of the acquired companies?I'm also watching BBA, but I'd be careful given the enormous debt load they have just taken on and the fact that 1 in 8 private jets is up for sale (that's their main market to service).Also if you look back at BBA's last 5 years revenue/profit/debt increase it's not that pretty.I did invest in Senior at 240 -- aah well, there's always the long term as they sayGames -- There's also the fact that in the long term we are all ............
foglight
28 Oct 2015
Re: Interims Thanks for that games, I had missed the earlier purchase. I have done ok following his various moves over the years, and Pilkington springs to mind. As for this situation, I get the feeling that this is a quality company which has over extended itself at the wrong time. I would like to see an engineer as an executive director as there seems to be too many accountants for my liking.Would not surprise me to see some board changes and a revised plan put forward to institutions in order to get their support for a rights issue. Hopefully, this will allow time for the demand cycle to change and enable the Companies growth side to improve. Who knows but,perhaps, watch this space.I notice that he recently bought some BBA shares as well. Am giving these some thought.(sp 368p)
