||EPS - Basic
||Market Cap (m)
|Aerospace & Defence
Cobham Share Discussion Threads
Showing 226 to 249 of 250 messages
|New CEO engaging in "kitchen sinking" all the bad news.
I am not saying that things are going to get substantially better in the short term but equally I doubt there is much more downside to be seen here but I am not going to invest yet as it will be months before we hear anything potentially positive.|
|Could be another Charter , hedgies squeezed it down from £8 to 30p , and then back to £10.50 , lets see where they take it over the next 3 months.|
|What, the Last Rites?|
|Have the rights been issued?|
|Now at a ten year low.
Will it fall further? I think its good value in 95p/£1 area. I think its dear at £1.30.
It must be beginning to be attractive though as a takeover proposition?|
|overdone.£255m profit forecast still not bad.should recover as day progresses..|
|From a chart perspective it's at an historically low rsi of just 14 so heavily oversold. Could be due a bounce short term from this level!|
|I will buy @80p and not before.|
|I was interested in these as a high yield stock with opportunity for recovery, but I reckon today's debt / EBITDA news might just have binned the dividends. I don't think that those who stumped up half a billion in the rights issue are going to be very happy. Watch and wait for now.|
|Well, it was inevitable that the new CEO was going to want to "kitchen sink" every piece of bad news he could get his hands on.
The big question is.....is this the bottom.
I had been waiting for this update but needless to say I wont be buying at present but any further significant weakness would have me interested.|
|90 p initial target , looks nailed on!|
|American private equity bid, or merger with Meggitt in a Sunday Times report yesterday?|
|An EU break up will mean more more NATO spending.
Holding and expecting good performance going into next year.|
|Gone for the tail swallow option. Not going to let this tie up any more cash. Just received a generous divi and they want the cash back - how does that work?
Another company falling foul of covenants, why do they sign up to them? Faddish business schools teach their MBAs to aim for an optimum leverage, its ruinous in a downturn.|
|I've done well with Rights before, but always companies that were borrowing for positive reasons (acquisitions, investment etc) rather than just trying to fill a hole in the balance sheet! As I said earlier, I think it depends on whether the recent losses reported are a one-off or a symptom of a deeper malaise.|
Tail swallowing for me. I'd buy the lot if I had the cash. This is a very solid company which will be taken out before too long if the price remains where it is
|Anyone tempted to take up their Rights? Or would that be throwing good money after bad?|
|thks Lord G interesting take I would buy at below 100p fort reasons one would be possible take over and the other long term gain and also possible dividend|
|AdamB1978 - Greetings - I would certainly expect / hope that the rebased dividend is secure and on that basis the shares look to be a reasonable buy for dividend in anticipation of longer term share price recovery.
As regards the short term share price, unless the market now sees the refinanced Cobham as a screaming buy, which I doubt, the share price will suffer some short to medium term volatility whist the rights issue is absorbed.
Previous experience with other companies has seen shares sold down to much closer to the rights issue price. If an institution is going to get 1000 shares in the rights issue that it doesn't really want and can't afford, why not sell their shares for 138p ex-rights and buy them back in the rights issue at 89p?
If this doesn't happen, I will take it as a sign of institutional investor confidence in Cobham.
Just my take on things.|
|You can now add the nil paid rights to your portfolio view using the code COBN.L at the rate of 1 for every 2 COB.L shares held.|
|Lord Gnome - why do you say 'The share price must however, surely suffer from the rights issue price of 89p'...its dropped today to a level roughly around the TERP so it has 'suffered'. From here it should move based on normal factors, rather than factors related to the RI. Do you mean some short term volatility whilst some holders decide that COB is no longer for them?
Regarding the comments on the dividend, agree that the yield looks generous at a shade over 5% however it would be surprising if a credible company like COB announced that they were re-basing it (as they have done) and then realised that they couldnt pay for it!|
|I suppose that depends entirely on whether the problems are 'one-offs' and exceptionals or there is a deeper underlying problem. The trading update tried to suggest the former, but it didn't sound too sure!|
|I wonder how long the dividend is going to be safe as the new rights issue was say £500m but the annual dividend is about 130m a year. Given the capital exp required etc i not so sure they be able to carry on funding this generous div. You just have to look at Roll Royce
This will be an interesting share to watch as did make some money out of this last month|
|Tend to agree - worth avoiding, but one to keep an eye on. Need to understand fully where control has been lost. Management or finance - understand it's difficult to secure funding on longer term projects - but more research required....|