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Gkn Share Discussion Threads
Showing 2726 to 2749 of 2750 messages
|Down today on Senior warning, but seems aerospace doing ok!|
|Only a week to wait, then.|
|Guess we are waiting for a 3Q trading statement before any more significant moves, seems to be moribund for the time being!|
|HSBC appaently start coverage with buy rating and 395p target.|
|I hate to say it, but the logic is undeniable. Their best chance would be to get a private equity house on board to take on Aerospace. I am sure a government backed Chinese company is not too worried about pension liabilities, their long term aim is to dominate the world!|
|The GKN Chinese whisper that refuses to die:Fri 23.9.16MARKET REPORT: China seeks predators to join £7billion bid for GKN http://dailym.ai/2daXpmQ via http://dailym.ai/moneyapp|
|"A broadly satisfactory AGM update from the group this morning. It has outperformed the Coffer Peach benchmark on LFL’S over May-July but notably seen a slowdown over the summer months. Given a note of caution around Brexit in the outlook statement, we sense this reflect a degree of macro uncertainty. Overall, we feel the company has various self help levers post Spirit to mitigate any top-line slowdown. Whist we do not expect consensus forecasts to change markedly we do anticipate mixed share price reaction this morning."
N+1 Singer's view on the AGM, taken from Research Tree|
|mixed agm update.. market not too friendly this morning|
|The gist of much of the (sensible) comment on the bid rumours stressed that that event is, indeed, unlikely due to the deficit in the pension fund.|
|Your referring to last weeks Chinese whisper? Been tipped as a buy in Sunday's financial papers but they must do more cost cutting and sort out the 2.1 billion pension liabilities. One to buy and hold.|
|Talk of bid rumour of £4.5O.
Specific name and price mentioned.
Worth a punt.|
|MW, completely understand and agree with you, I'd like to see them remain British also, and yes of course if that happened there would be plenty of places to deploy the funds - wouldn't say no.
But this rumour surfaces every few months, suspect it more likely a Chinese group would try to buy them rather than GE / Siemens though.|
|imo I can't see what would be of interest to either.|
I'd rather see a bid at £4.20 from Siemens or GE, sell at £4.50 when an auction ensues and the use my £4.50 to "accumulate in a different quality company at these prices".
I'd like to see it remain british owned though.|
|BB, that bid talk has been doing the rounds for longer than I can remember.
I'm quite happy accumulating a quality company at these prices, so certainly hope it's not true...|
|Talk of a £4.20 bid from Siemens or GE|
|GKN aims to fly high in China's growing aerospace industry
Engineering group GKN is hoping to leverage its recent acquisition of Fokker to build a foothold in China’s burgeoning aerospace sector.
The country is forecast to be the fastest growing aviation market in the world over the next 20 years, and China’s nascent aerospace industry could become a strong player in the field.
Nigel Stein, chief executive of GKN, which derives 35pc of its revenues from producing components used in aircraft, said the company is targeting China for growth. “China is very keen to build its own aircraft and we would like to win a share of the market,” he said. “It’s a long hard road but they will get there and GKN would like to help them in their success.”
|GKN plc 29% Potential Upside Indicated by JP Morgan Cazenove
GKN plc had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OVERWEIGHT217; today by analysts at JP Morgan Cazenove. GKN plc are listed in the Consumer Goods sector within UK Main Market. JP Morgan Cazenove have set their target price at 399 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 29% from the opening price of 309.2 GBX. Over the last 30 and 90 trading days the company share price has increased 19.3 points and increased 34.3 points respectively.
|This is what the FT said:-
"But engineer GKN added 3.2 per cent to 295.6p, helped by further speculation about a bid. Daily volume was the highest in more than a month.
GKN is regularly mooted as a possible target for auto parts makers including Delphi Automotive, Denso and SAIC Motor Corporation of China.
Analysts were cautious on the talk, however, noting GKN’s £1.5bn pension fund deficit and its recent acquisition of Fokker, completed in October 2015, which expanded its aerospace business and lessened the potential overlap with many of its competitors."|
|Up today on bid speculation and the highest daily volume for a month, according to the FT. However, analysts are sceptical about the possibility.|
|The dividend was increased by only 2% (compared to 4% last year) to balance the anticipated need to provide additional pension funding with retaining capital for investment in the business.|
|Gkn not fearing brexit. It's an I'll wind that brings no one any good.|