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Electrocomponents Share Discussion Threads
Showing 1226 to 1248 of 1250 messages
|When you've set such high expectations from the last results anything else is a disappointment. NVDA's had the same problem recently there. But long term, after the dip this investment will be fine as a dividend stock, it's all nuts & bolts|
|Momentum good but some folks are getting out around 500 having bagged|
|I think the problem was the last H1's 44% increase in sales was not to be repeated. Got out at a tiny profit this morning. I'm sure the company has great long-term prospects, I just can't deal with any more red in my portfolio this morning! GLA.|
|Why are these trading at 25 times prospective numbers with minimal growth? They are discounting a fairly large uptick in top line growth.|
|Video with the CEO: hxxp://www.electrocomponents.com/media/videolibrary/2017-half-year-results-lindsley-ruth
TU looks good, hope it's not all baked in, though I doubt it'll jump 20% like last time:
Electrocomponents plc today issues a trading update for the four-month period to 31 January 2017.
Regional Hub Q1 to June 2016 Q2 to Sept 2016 4 months to 31 Jan 2017
Northern Europe 3% 4%
(2)% 3% 7%
(2)% 4% 12%
Group 1% 3%
We have continued to make good progress on our initiatives to improve the customer experience, stabilise gross margin and reduce costs, and as a result we have delivered strong revenue growth and improved profitability during the period.
In the four months to 31 January 2017, Group underlying revenue growth(1) accelerated to 6%, with all of our regional hubs seeing positive revenue trends during the period.
RS Pro, our own-brand business, which represents 12% of revenues grew by 5% and eCommerce, which represents 60% of revenues increased by 6%.
December saw particularly strong growth, with both North America and Central Europe benefitting from weak comparatives in the month.
We have tougher trading comparatives in Northern Europe in the final quarter, with the anniversary of our return to growth in the UK and the Raspberry Pi 3 launch in March 2016.
Gross margins continued to see year-on-year growth in the period benefitting from our initiatives on price and mix and foreign exchange tailwinds. This more than offset an unfavourable geographic mix in the period, given faster growth in our lower gross margin North American hub.
We continue to make good progress on our cost initiatives and are on track to deliver £18 million of net savings in the year to March 2017.
We are also investing to drive the long-term growth of the business, appointing new Presidents for both RS and Allied and significantly strengthening the leadership teams in Innovation, DesignSpark and IT.
We continue to expect FY 2017 revenue and profits to see a significant benefit from foreign exchange(2) and additional trading days(3). As previously guided in FY 2018 we expect to see an adverse impact on revenues and profits from fewer trading days compared with FY 2017(3).
Lindsley Ruth, Chief Executive Officer, commented:
"We have made further good progress on our Performance Improvement Plan initiatives, which has driven faster revenue growth and improved profitability during the period. We are on a journey to transform both the customer experience and financial performance of this organisation and we remain on track to make good progress on both these fronts."
Group Finance Director
Polly Elvin Investor Relations & Corporate PR 01865 207427
David Allchurch / Martin Robinson Tulchan Communications 020 7353 4200
Revenue growth rates, unless otherwise stated, are adjusted for trading days and currency movements (“underlying revenue growth/decline”;).
Our profits remain sensitive to movements in exchange rates on translation of overseas profits. Positive currency movements increased H1 profit before tax by around £7 million. Assuming current (31st January) rates persist for the rest of the year, the full year currency benefit will be around £18 million. Every 1 cent movement in the Euro will have a circa £0.9 million impact on profits. Every 1 cent movement in US $ will have a circa £0.3 million impact on profits.
During the year to March 2017 we expect to see around a £10 million benefit to revenues from additional trading days compared with FY 2016. In the year to March 2018 we expect to see an adverse impact of around £20 million on revenues from fewer trading days compared with FY 2017.|
|Worth buying in for a ride up on the Q3 results on Friday? Must say I wish I'd heeded SHARES magazine's tip last time, but they've been silent this time around...|
|I'm a recent buyer , this scores very highly with Stockpedia for quality and momentum. With the stellar performance here I'm surprised to see so little activity on this thread. Maybe this is an unloved sector. Anyway I'm in and intend to add.|
|Liberum initiates coverage with 'buy' and 420p target|
|Out at 367. Nice little earner!|
|15 months ago I was advised not to touch this with a bargepole, but since then my holding has nearly doubled. I am now wondering whether to leave something on the table for the next man, or to hold on for the Christmas boom.|
|I think a wrong trade, got out at £349.00|
|Fairly hefty directors purchase from FD. Chart looking for potential breakout.|
|Massive jump today --------------------- why?|
|Weibo is reporting ECM just shut down the Singapore office. Can anyone confirm?|
|UP we go again, a stonker of a day a stonker last 10 days for me, think Ive been struck by lightning and not noticed.|
|Zooming up again today 220p as i post.|
|Thanks Bit Thick.|
|Doubt it's got anything to do with a tip etc, a tip may move a company of this size by 2 or 3%, not 13%, there may be rumours of a merger with Premier Farnell or possible takeover etc.|
|May have been tipped.
I believe SCSW is out tomorrow and there is an history of tips from that sheet being leaked on a friday prior to going out to subscribers over the weekend.
Unless investors chronicle have tipped it.
Like the chart by the way sahara, very pro.
Could do with someone like you on the epic FAR9 thread|
|ECM - Noticed the Bullish 'Wedge' and divergences at the final tag, and so expected a rise with volume ...But not this quick...
Cant find any real reason for the rise.
Numis upgraded beginning of last month.
Date Broker Recommendation Price Old target price New target price Notes
01 Sep Numis Buy 212.00 260.00 260.00 Upgrades|