Share Name Share Symbol Market Type Share ISIN Share Description
GKN Plc LSE:GKN London Ordinary Share GB0030646508 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -7.60p -1.73% 431.80p 432.10p 432.30p 441.40p 431.90p 440.00p 21,233,450 16:35:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 8,822.0 292.0 14.1 30.6 7,415.72

GKN (GKN) Latest News (45)

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GKN (GKN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-01-22 16:52:49435.301043.53O
2018-01-22 16:52:34433.634001,734.52O
2018-01-22 16:52:19434.415292,298.03O
2018-01-22 16:52:17435.6110,87047,350.59O
2018-01-22 16:52:16434.2220,00086,843.07O
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GKN (GKN) Top Chat Posts

DateSubject
22/1/2018
08:20
GKN Daily Update: GKN Plc is listed in the Automobiles & Parts sector of the London Stock Exchange with ticker GKN. The last closing price for GKN was 439.40p.
GKN Plc has a 4 week average price of 312.40p and a 12 week average price of 280p.
The 1 year high share price is 449.40p while the 1 year low share price is currently 280p.
There are currently 1,717,396,493 shares in issue and the average daily traded volume is 25,408,648 shares. The market capitalisation of GKN Plc is £7,415,718,056.77.
17/1/2018
10:45
broadwood: Turnaround specialist Melrose has stepped up its fight to acquire FTSE 100 engineering giant GKN with a hostile takeover bid worth around £8.5bn, including debt. Melrose hopes to tempt GKN’s shareholders with the prospect of an immediate cash payout worth 81p per share and 57pc ownership of the combined company after its board rejected a takeover approach last week. The terms of the offer are the same as those GKN rebuffed, but now represent a 29pc premium on the closing of its shares the day before the initial approach was disclosed. It values GKN at 430.1p per share, or £7.4bn, and Melrose will also have to take on GKN's debt of around £1bn. Simon Peckham, Melrose’s chief executive said: "Since our approach was announced, the Melrose share price has risen as the market digests the attractive opportunity our proposal represents." He added: “However, the real value uplift will come from merging the interests of the two sets of shareholders and creating a business valued at approximately £11 billion today, of which GKN holders will own the majority, including Nortek, our US business which is trading strongly.” Melrose believes it can “re-energise and re-purpose” GKN's operations to boost its margins after the engineering firm issued two profit warnings towards the end of last year. The approach forced GKN to reveal its own turnaround plans last week, including the separation of its automotive and aerospace arms and the appointment of interim boss Anne Stevens as permanent chief executive
12/1/2018
08:12
broadwood: The Board confirms that on 8 January 2018 it received a preliminary and unsolicited proposal from Melrose to acquire the entire issued and to be issued share capital of GKN at a price of 405 pence per share, comprising 80% in new Melrose shares and 20% in cash (the “Proposal̶1;). Using the closing share price of Melrose of 218 pence as of 5 January (the business day prior to receipt of the Proposal) the Proposal implied an exchange ratio of 1.49 new Melrose shares for each issued and to be issued GKN share (which would result in GKN shareholders holding approximately 57% of the enlarged company and Melrose shareholders holding 43%) plus 81 pence in cash per GKN share. The Board of GKN has considered the Proposal together with its financial advisers, Gleacher Shacklock, J.P. Morgan Cazenove and UBS Limited, and has unanimously rejected it, having concluded that the Proposal is entirely opportunistic and that the terms fundamentally undervalue the Company and its prospects. In addition, the Proposal would materially dilute the exposure of GKN shareholders to the meaningful upside opportunities that the Board believes are present within the Company. In accordance with Rule 2.6(a) of the Code, Melrose is required, by not later than 5.00 p.m. on 9 February 2018, to either announce a firm intention to make an offer for GKN in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code. This announcement is made without the consent of Melrose.
16/11/2017
07:40
leadersoffice: My thoughts exactly Share price weakness likely to continue
01/3/2017
08:12
alphahunter: GKN : *JPMORGAN RAISES GKN PRICE TARGET TO 410 (399) PENCE - 'OVERWEIGHT'
25/10/2016
12:55
mj19: Engineering colossus GKN (LSE: GKN) also updated the market in Tuesday trade, although its share price hasn't fared so well, the firm last dealing 3% lower on the day. This is despite the company's announcing that its principal markets "performed in line with the expectations set out in our July results announcement."Organic sales at the Driveline division continued to outperform the market, a 6% revenues uptick during January-September dwarfing a 4% rise in global auto build rates. GKN had new product launches to thank for this decent result, as well as strong premium vehicle demand in Europe.GKN's Aerospace arm also continued to grow despite current challenges in the civil aircraft market, and organic sales here rose 2% in the nine months. But weak agricultural machinery demand caused organic sales at Land Systems to slip 8% in the period to September.Sure, GKN's main markets are expected to remain under pressure for a little longer. But I believe the part builder's top-tier relationship with major OEMs across the globe sets it up as a hot growth pick in the long term.This view is shared by much of the City, and a 1% earnings rise this year is anticipated to rev to 11% in 2017. I reckon a forward P/E rating of 11.2 times and 10 times for these years represents splendid value.
22/8/2016
09:15
valedo: 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
29/6/2016
18:02
mj19: By Warren Smith / in UK Broker Ratings / on Tuesday, 28 Jun 2016 01:20 PM / 0 Comments On Monday analysts at Goldman Sachs reiterated Gkn’s (LON:GKN) shares as ‘Neutral’; in a research note issued to investors. Following Goldman Sachs’s latest price target of 291 on the business this highlights that the broker now believes there is an increase of 10.98% from Gkn’s current share price of 262.2. The number of shares Gkn currently has in issue is 1,711,416,000, which have a value of 262.2 per share calculating Gkn’s market capitalisation to 4.49B GBP.
24/2/2016
08:26
alan@bj: "Buy" advice by today's Tempus column in The Times. It says the drop in the share price "provides an opportunity to get on board a high-quality, blue-chip company......core businesses are doing well, outperforming their wider markets....falling military demand will be a problem this year, but that should merely be a pause for breath."
12/11/2015
09:39
alan@bj: And today's bad news affecting GKN's share price comes from Rolls Royce.....
16/10/2015
15:07
alan@bj: Engineer GKN is still a high-quality business with strong positions in the global automotive and aerospace industries, Berenberg said, but external concerns have depressed its share price, leaving it looking like a good value play. The first concern which has hit GKN is potential fallout from the emissions scandal involving German carmaker Volkswagen. VW is the biggest customer for GKN's Driveline business, which makes driveline equipment and systems for vehicles, and this exposure to the scandal has "spooked investors", Berenberg said. But the Driveline unit has a globally diverse customer base, supplying products which are agnostic to original equipment manufacturers, programmes and petrol or diesel engines, Berenberg said, adding that the risk of VW halting production is "not a scenario we anticipate". The second concern for the auto business is the slowdown in China, from where GKN derives about 8% of group sales. While the economic sluggishness is real, this has not resulted in a sharp downturn in activity, Berenberg said, and latest data out of China suggests auto markets are stabilising and destocking is slowing. GKN's robust exposure to domestic manufacturers, strong demand for SUVs and a healthy pipeline of vehicle launches should ensure it grows its Chinese market share. Turning to aerospace, the ramp-down of the Airbus A330 programme, to which GKN supplies wing box and cover components, will prove a challenge for the company through the first half of 2016, but should be offset by better-than-expected trends in the military segment, Berenberg said. The Airbus A350 programme will turn profitable by the end of 2015 and this, along with growth in most other commercial programmes and the ramp-up of the F-35 fighter programme by Lockheed Martin, should generate cash and profits for GKN by 2017. In addition, GKN's acquisition of Fokker, a Dutch maker of aerostructures, electrical wiring systems, landing gear and associated services, earlier this year will add further exposure to both the A350 and F-35 platforms. With GKN trading at a 2016 earnings multiple of 10 times and a 2017 multiple of 8.7 times, the company looks to be an "attractive value play", Berenberg said. Berenberg cut its target price to 370 pence from 415p, due to cuts made to its earnings per share forecasts through to 2017, but kept its Buy rating intact.
GKN share price data is direct from the London Stock Exchange
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