gamesinvestor
28 Oct 2015
Re: Interims "Rudd joined the board in April and he bought his stake ( about 90k worth in August at over £1 per share above current levels. (sp 362p)"fog, I just checked it was £2 above this - he paid 564 in March and 496 later, ouch!!!23-Mar-15 Buy Nigel Rudd 564.50p 20,000 £112,900.0018-Aug-15 Buy Nigel Rudd 496.90p 20,000 £99,380.00I see he's just been appointed to the board of BBA and bought a chunk of stock there as well, and for his wife and for some trust.Rudd's the ultimate, hive it off and sell it merchant so you can bet he's angling for some deal at BBA, although they just bought a company in the US hiking up debt, not sure about Meggitt and what his intentions are.Games
II Editor
28 Oct 2015
NEW ARTICLE: Profit warning plunges Meggitt to four-year low "Shrinking defence budgets and weak energy markets are putting the industries' engineers under strain. With fewer contracts and increasing programme deferrals hitting LSE:MGGT:Meggitt's margins, the aerospace parts maker has warned that full-year ..."[link]
foglight
28 Oct 2015
Re: Interims I bought a few for my ISA this morning at 355p. I admit that the current outlook is not bright but, what interests me is, the fact that Rudd joined the board in April and he bought his stake ( about 90k worth in August at over £1 per share above current levels. (sp 362p)
Greyinvestor
28 Oct 2015
Not for me Had a quick scan over last year numbers and projections.It sounds to me like they are heading for around £300m of profit and EPS around 20p. I'm a bit baffled by some of the numbers floating around, and keep wondering if I'm missing something.Net debt at the last year end looked to be around £1bn; on the high side.Unless they bounce back quickly, they could descend to the same P/E as Senior. In other words they could drift as low as £2.40. They feel overvalued to me today. I'm not buying.......
gamesinvestor
28 Oct 2015
Re: Interims "Not too chuffed with their casual attitude to debt."Lupo, just looking at this for the first time and after today's profit warning.What was your concern with the debt here? Looking at their last set of numbers it seems to be at about £620M and annual profits at £177M after tax, or about 3.5 years.Although the latter figure may be shrinking now after today's warning.This has hit Senior and all the other engineers today as well.Games
lambrini girl
28 Oct 2015
Re: SELL nice one tikky..might appeal @ £3..
drunkasaskunk
10 Aug 2015
Re: Interims Well the Cobham acquisition, at least, is surely good news (I can vouch for their kit, by the way - Meggitt's, that is!)
Lupo di mare
04 Aug 2015
Interims Not too chuffed with their casual attitude to debt. Orders not great, and I'm not too impressed with the outlook. Other than that, they belatedly seem to be getting on with improving quality and performance.Despite the 5% ish rise so far, i'd say it'sabout right. Offloaded most of mine at 565p back in March
njs73
21 Jul 2015
Panmure Gordon reiterated their buy rating on shares of Meggitt plc (LON:MGGT) in a research report released on Wednesday morning, Market Beat Ratings reports. Panmure Gordon currently has a GBX 646 ($10.02) price objective on the stock. A number of other analysts have also recently weighed in on MGGT. Analysts at Barclays reiterated an overweight rating on shares of Meggitt plc in a research note on Monday. Analysts at RBC Capital reiterated an outperform rating and set a GBX 640 ($9.92) price target on shares of Meggitt plc in a research note on Thursday, July 9th. Analysts at Espirito Santo Investment Bank Research reiterated a buy rating and set a GBX 550 ($8.53) price target on shares of Meggitt plc in a research note on Thursday, July 9th. Analysts at Investec reiterated a buy rating and set a GBX 600 ($9.30) price target on shares of Meggitt plc in a research note on Thursday, July 2nd. Finally, analysts at AlphaValue reiterated a buy rating and set a GBX 574 ($8.90) price target on shares of Meggitt plc in a research note on Thursday, July 2nd
njs73
21 Jul 2015
MGGT has been the subject of a number of recent research reports. Analysts at RBC Capital reiterated an “outperform†rating and set a GBX 640 ($9.99) price target on shares of Meggitt plc in a research note on Monday. Analysts at Panmure Gordon reiterated a “buy†rating and set a GBX 646 ($10.08) price target on shares of Meggitt plc in a research note on Wednesday, July 15th. Analysts at Barclays reiterated an “overweight†rating on shares of Meggitt plc in a research note on Monday, July 13th. Analysts at Espirito Santo Investment Bank Research reiterated a “buy†rating and set a GBX 550 ($8.58) price target on shares of Meggitt plc in a research note on Thursday, July 9th. Finally, analysts at Investec reiterated a “buy†rating and set a GBX 600 ($9.36) price target on shares of Meggitt plc in a research note on Thursday, July 2nd.
njs73
21 Jul 2015
Meggitt plc (LON:MGGT)‘s stock had its “outperform†rating reissued by RBC Capital in a research note issued on Monday, MarketBeat reports. They currently have a GBX 640 ($9.99) price objective on the stock. RBC Capital’s price objective would suggest a potential upside of 31.47% from the stock’s previous close.
njs73
28 Apr 2015
Meggitt plc (LON:MGGT)‘s stock had its “BUY†rating reiterated by research analysts at Bank of America in a report released on Monday. They currently have a GBX 621 ($9.42) target price on the stock. Bank of America’s price target would indicate a potential upside of 13.42% from the company’s current price.
njs73
28 Apr 2015
LONDON--Meggitt PLC (MGGT.LN) said Thursday that trading in the first quarter was in line with expectations, with 4% growth in group organic revenue, before acquisitions, disposals and foreign-exchange effects. The aerospace and defense components company said organic revenue in civil original equipment and civil after market grew at mid-single digit rates, broadly consistent with expectations. Organic revenue growth in the military division was stronger than expected, partially offset by a decline in its energy division.
njs73
28 Apr 2015
Equities researchers at Goldman Sachs upped their target price on shares of Meggitt plc (LON:MGGT) from GBX 573 ($8.38) to GBX 592 ($8.66) in a research report issued on Friday. The firm currently has a “BUY†rating on the stock. Goldman Sachs’ target price points to a potential upside of 9.53% from the stock’s previous close.
njs73
28 Apr 2015
Meggitt Shares in Meggitt (LSE: MGGT) are now back to their 2014 high, when the company was rumoured to be a bid target for US rival, United Technologies Corp. Of course, the bid did not materialise and Meggitt’s share price tumbled, with a profit warning also causing its value to decline as investors doubted the company’s ability to turn its fortunes around. However, Meggitt seems to be doing just that, with its bottom line expected to rise by an impressive 17% this year, followed by a further 8% next year. And, with it trading on a P/E ratio of 15, this equates to a price to earnings growth (PEG) ratio of just 0.9, which indicates that Meggitt’s shares could reach higher highs during the course of the year.
