GKN Share Discussion Threads

[maxk] 19/9/2016 18:35

a mention..

[grahamburn] 05/9/2016 14:20

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.

[leadersoffice] 05/9/2016 11:46

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.

[sphere25] 05/9/2016 11:18

Talk of bid rumour of £4.5O.

Specific name and price mentioned.

Worth a punt.

[cisk] 01/9/2016 15:23

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.

[rogerrail] 01/9/2016 14:54

imo I can't see what would be of interest to either.

[meanwhile] 01/9/2016 14:34

Cisk,

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.

[cisk] 01/9/2016 14:24

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...

[bigboots] 01/9/2016 14:06

Talk of a £4.20 bid from Siemens or GE

[valedo] 22/8/2016 10:17

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.”

[valedo] 22/8/2016 10:15

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.

hxxp://www.directorstalkinterviews.com/gkn-plc-29-potential-upside-indicated-jp-morgan-cazenove/412708450

[alan@bj] 04/8/2016 08:55

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."

[alan@bj] 03/8/2016 19:20

Up today on bid speculation and the highest daily volume for a month, according to the FT. However, analysts are sceptical about the possibility.

[alan@bj] 27/7/2016 13:45

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.

[valedo] 26/7/2016 16:27

Gkn not fearing brexit. It's an I'll wind that brings no one any good.

[mida5] 26/7/2016 08:10

Solid results today

[bigboots] 20/7/2016 15:42

VW smashed earnings today bodes well for GKN , should see a big rerating here to £3.50

[alan@bj] 14/7/2016 08:43

From yesterday's FT:-
Engineer GKN led the London market lower on Wednesday after key customer Airbus scaled down production targets. Airbus warned overnight that it would deliver just 12 A380 superjumbo jets by 2018, down sharply from 27 last year.

GKN and its recently acquired Fokker Technologies division supply parts for the A380 that have a value estimated by analysts at around $8m per aircraft.
RBC saw the Airbus production cuts taking a penny off GKN’s 2017 and 2018 earnings per share, which would move consensus forecasts lower by around 4 per cent.
“Whilst modestly unhelpful we’d note that GKN shares are hardly expensive at only 9.4 times [12-month forward] earnings on our forecasts and yielding a reasonably generous 3.5 per cent,” the broker added.

[cisk] 13/7/2016 22:37

RR I wouldn't worry. They're bantha fodder. What they say matters not a jot.

[rogerrail] 13/7/2016 22:00

At least they have upped their target by 10p! You dont expect analysts to reverse their guidance overnight do you ? that would just make them look like clueless plebs.....