njs73
28 Apr 2015
Defence sector on the mend Aerospace giant Meggitt’s (LSE: MGGT) full-year results today underlined the difficulties seen in critical defence markets in recent times. The business saw revenues slip 5% during 2014, to £1.5bn, a result that saw pre-tax profit slump 13% to £328.7m. Still, Meggitt’s release underlined the recovery in arms demand, with military sales coming in flat for the second half but marking a terrific improvement from the 13% decline punched during the previous six months. Indeed, the firm noted that defence…
njs73
28 Apr 2015
Meggitt Engineering play Meggitt (LSE: MGGT) is in great shape to reap the rewards of improving conditions in its key markets, in my opinion. Not only is the business set to benefit from critical Western nations boosting defence spend, but accelerating civil passenger numbers should also underpin a steady flow of aeroplane orders in the years ahead. The defence play recorded a rare earnings dip last year as constraints on military budgets weighed on sales. But this is expected to represent a mere blip in the Meggitt growth story, and the Christchurch firm is expected to clock up growth of 7% in both 2015 and 2016. Consequently the company deals on a P/E multiple of 15.1 times for this year, and which falls to a mere 14.2 times for 2016. With the company chucking record amounts at R&D, and the order book ticking steadily higher — this rose 9% last year alone — I expect Meggitt to record solid earnings expansion well beyond next year.
albent
06 Apr 2015
Meggitt infographic Check out this infographic report on Meggitt (MGGT): [link] useful.
tikky
24 Feb 2015
sell/ in profit on short cfd may stiil drop 530 on 50 day ma if you take 200 ma still lowerimho
Lupo di mare
22 Feb 2015
Re: SELL Certainly it's got a lot of positive momentum - for whatever reason. Results Tuesday.
tikky
19 Feb 2015
SELL POSSIBLE DOUBLE TOPSHORTED ON CFDS IMHOOR WILL IT GET CHART BREAKOUT ???/I AM ON THE SHORTS WITH A STOP GOOD LUCK
