Hardboy
14 Nov 2017
Director Buys Following our new CEO (ex chairman, ex CEO) splashing his cash yesterday, we've got he FD & a NED buying today - not so much, but £10k % £25k are still buys; and they wouldn't be doing that if they thought the business was on the way out.
vb6
14 Nov 2017
10 years During the last 10 years Mr Caster brought the share price from around £10 to £22 in August this year. Pretty good really.Yours Encouraginglyvb6
bigbunny
14 Nov 2017
Honest guy ! Lex in todays FT is ruder about Caster and Ultra than I've seen in quite a while !10 years of Caster at the top have brought Ultra to a pretty passI'm out
vb6
14 Nov 2017
Re: Time to buy. Furthermore Douglas Caster is an honest guy.Yours Honestlyvb6
Hardboy
14 Nov 2017
Re: Time to buy. H2,"Doug Castor bought 8160 shares,"He still shelled out £100k to buy those. That's significant by almost anyone's standards.
Hydrogen Economy
14 Nov 2017
Re: Time to buy. Hardboy"But since the highs in March, we've lost for getting on 50% of the value; but turnover will be only 4% down on last year, and profits will be up (according to this morning's trading update) and we have an experienced MD with a wealth of history within the company. The fall must be overdone. "You could well be right, but I think comparing SP fall with a single year forecast revenue or profit fall is too narrow a comparison. The valuation is market's view of the profitability over a number of years with whatever growth is factored in. After Friday and Monday's the debacle and downgrade, I would think the growth expectations will take a hit, it will be interesting to watch for changes in future year EPS forecasts. 4-traders have a good summary (these are the reported numbers not the much higher up adjusted figures). [link] sold all yesterday and took the hit, I don't feel comfortable holding given the risk of further bad news, but of course I could be wrong, the forward orders sounded encouraging but that is jam tomorrow with no guarantee. Re Doug Castor's purchase, he bought 8160 shares, adding to his 300,000 holding, ~2.7%. A positive sign but hardly overwhelming. Arguably it would add sufficient support to the SP to pay for itself.Good luck to those who are holding, you may well be proved right, I'll watch from the sidelines for now.H2
vb6
13 Nov 2017
Re: Brokers! I'll settle for 1785p having bought more.Yours Money Where Mouth Isvb6
Hardboy
13 Nov 2017
International markets Interestingly I bought Ultra as part of my strategy to invest in international shares; wanting to minimise my dependence on UK markets *Ultra's UK business is about 30% of its total and falling); and what is it that has torpedoed it? The UK market. Right reasoning, wrong conclusion.
Hardboy
13 Nov 2017
Brokers! "JP Morgan Cazenove today downgrades its investment rating on Ultra Electronics Holdings PLC (LON:ULE) to neutral (from overweight) and cut its price target to 1785p (from 2420p)."How can you not have a buy recommendation when your price target is over 40% higher than the current price?
Hardboy
13 Nov 2017
Re: Time to buy. CEOs leaving suddenly, warnings that profits will be below expectations, delays in projects with one of your biggest customers, and judicial delays in take-overs are all bad things, which will make the share price fall, But since the highs in March, we've lost for getting on 50% of the value; but turnover will be only 4% down on last year, and profits will be up (according to this morning's trading update) and we have an experienced MD with a wealth of history within the company. The fall must be overdone. I've only put a weak buy, as once a share is unloved by the market, it can take a little while for the recovery to start, so I think it is a buy, but there may be a better time by waiting a while.
vb6
13 Nov 2017
Re: Time to buy. Source: Alliance NewsUltra Electronics PLC said Chairman Douglas Caster bought shares worth GBP100,000 amid a share price collapse on Monday. Mr Caster is not a man to waste his money.Yours Supportivelyvb6
vb6
13 Nov 2017
Time to buy. At £12 this has to be a buy.Yours Glass Half Fullvb6
Hardboy
13 Nov 2017
Re: Trading Statement I read this morning's trading statement before checking this discussion board; and was about to post something along the lines of "After Friday's collapse all we need is a profit warning the next trading day."But it seems much of the bad news released this morning may have been known about on Friday; and may have been the main cause for the drop in sp. That is more logical that the delay in the Sparton deal. However the release of an official profit warning usually only has one effect on the share price, so I expect to see it topping the fallers leader board again today. Having said that, looking at the figures quoted today, they are not all bad. The predicted Operating Profit still seems to be the best at least since the Financial Crisis. The full year turnover will only be a bit behind last year's. The order book is up 20%. And the Final Dividend is likely to show a small increase. Companies do not increase dividends if they expect continuing pressure on profits. The sudden departure of the top man is worrying, although it sounds like board level strategy discussions have been going on for a while and he was (Presumably) getting increasingly isolated. They eventually concluded he had to go & he decided he did not want to hang around to manage the transition, so maybe it is not a bad thing.Watch this space.
vb6
11 Nov 2017
Trading Statement www.ultra-electronics.com/media/press-releases/trading-statement-nov-2017.aspx35p divi proposed
Hydrogen Economy
11 Nov 2017
COE Fired and profits warning Seems the SP fall correctly anticipated some bad news released in an after-hours announcement..CEO fired and earnings downgrade, underlying operating profit of £120m compared with market forecasts of £147m and that organic revenue would decline by about 4pcWarning about the trading conditions, Ultra – which derives most of its revenue in the US – said that “while the majority of markets have been satisfactory, the UK market has been difficult and has become increasingly so in the second half".“There are mounting pressures in the funding of UK defence programmes and this has resulted in the UK MoD pausing, cancelling or delaying numerous programmes. Within the last few weeks a number of our UK orders budgeted for 2017 have been affected.”The company also said it expected its $234m (£178m) acquisition of a US rival to be delayed. It is understood that this is due to US Department of Justice officials being swamped with work and is unrelated to Mr Sharma’s leadership. The news saw Ultra’s shares fall more than 11pc to £15.27 today. Not clear how much of this was known during Friday tradings and how widely, would not be surprised if the fall continues on Monday H2[link]
