ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

MGGT Meggitt Plc

798.80
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Meggitt Plc LSE:MGGT London Ordinary Share GB0005758098 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 798.80 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
799.20 799.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 798.80 GBX

Meggitt (MGGT) Latest News

Real-Time news about Meggitt Plc (London Stock Exchange): 0 recent articles

Meggitt (MGGT) Discussions and Chat

Meggitt Forums and Chat

Date Time Title Posts
17/1/202218:28Meggitt - Killer Technicals570
04/8/202112:11Meggitt2
18/5/201609:05Meggit getting smashed today due to Panmure downgrade1
27/8/201413:4160p -550p range still in force.-
27/12/200614:41Is this the Stock they have missed? Meggit103

Add a New Thread

Meggitt (MGGT) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Meggitt (MGGT) Top Chat Posts

Top Posts
Posted at 24/9/2021 08:44 by tomgardner
Sorry if this is a naive question, but since the 800p takeover was approvedby shareholders, what is holding the share price so far back from an eventual 800p payout? Risk of the govt stepping in and pulling it?
Posted at 07/9/2021 16:24 by zzaxx99
"The Board of Meggitt PLC ("Meggitt") notes today's announcement by TransDigm Group Incorporated ("TransDigm") that it does not intend to make a firm offer for Meggitt. Meggitt engaged on a constructive basis with TransDigm and its advisers in order to facilitate an offer by TransDigm and has provided TransDigm and Parker-Hannifin Corporation ("Parker") with equivalent access to both confirmatory due diligence information and management. In addition, in response to a request from TransDigm, further due diligence information was provided to both parties after the announcement of Parker's cash offer for Meggitt. "
Posted at 17/8/2021 16:50 by zzaxx99
I'm in from 259p, so I'm very happy with the current price, and rather hoping to see 900p ... but I looked at buying another trading chunk when it was only the 800p offer on the table and the price was in the low 700s and so nearly pulled the trigger - would have very happily taken a £1+ per share windfall when the new offer came in
Posted at 06/8/2021 10:18 by compo62
I (mostly) sold out for 745, though I can claim little credit for it. Had a sell order in for 530 and got "best price" in the Monday morning maelstrom. Left in a small stake of "house money" to maintain interest. I have little doubt that the deal will go through in time but a counter-offer is still a possibility IMO. GLA
Posted at 04/8/2021 12:11 by john068
Cassini

Thanx for the info. I'm a newbie with Saxo & will check "corporate actions"
is enabled. I presume I'll be asked if I want the 800p when the vote goes thru.
Also thanx for explaining why the current price is only ~732p.

Best John
Posted at 02/8/2021 15:11 by dsct
Just popped on here to see if this is worth a buy to get near 10% upside, and I see the main options as:

1) Bid goes through, and completes as per the RNS "It is expected that the Acquisition will complete during Q3 of 2022, ..."

2) UK Govt. puts a stop on the takeover - price retreats

3) Another buyer (or more) enters the fray - >10% premium

Although the 10% is not to be ignored, as it will be a year before completion, monies are therefore tied up for this period.
Posted at 02/8/2021 13:28 by cassini
Nothing. There will be a vote of shareholders and if they approve then when the deal goes through you get the 800p, as long as you don't sell the shares in the meantime.

You should be able to vote through the 'corporate actions' facility that your broker should run, if you have it enabled (sometimes you need to enable getting notifications of corporate actions, AGMs etc inside your broker's internet site - Interactive Investor certainly requires customers to enable that facility).

On the other hand, I imagine most of MGGTs shares are held by institutions so your vote won't amount to diddly, so you can sit on your hands if you like and just let events take their course. You'll still get the 800p when the deal goes through (assuming all the corporate investors in MGGT vote 'yes').

You can't negotiate a deal direct with Parker-Hannafin, take your 800p and bail out before the deal goes through.

Other than that, sell now and take the market price. It's not 800p because there is the time value of money to take into account, the market price will close towards 800p as time gets nearer to the deal date.
Posted at 02/8/2021 10:03 by john068
Panmure have offered MGGT shareholders 800p per share.
I own meggitt.which is currently at 736p

What action do I have to take to secure the 800p offer ?
Posted at 02/8/2021 08:28 by 1madasafish
If the bid is £8 cash why hasnt the share price got alot nearer to this or am I missing something ?
Posted at 02/8/2021 07:31 by emptyend
Even though this bid has been recommended, I'm not convinced that is the end of the story. I wouldn't be too surprised to see a counterbid. Businesses like this are tough to find and, in relative terms, the bid terms aren't much of a premium over pre-pandemic share prices, especially in the context of the general market recovery.
Meggitt share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock