Meggitt Share Discussion Threads

[bigbertie] 18/4/2007 09:24

yes very good, I think this is a solid hold for institutions (and me).

[mistertibbs] 18/4/2007 07:44

Over 97% take up on the rights issue. Not bad.

[mistertibbs] 30/3/2007 14:28

Hbos it appears, did haver my rights issue on time but suggested they use similar system to selftrade in that they should have a message box showing any messages. They sent me an email, to a wrong address. Now managed to get my rights issue sorted

[mistertibbs] 28/3/2007 18:34

Yes. And I have yet to be notified by hbos. My shares held in nominee but they are slower out of the traps than selftrade were with my open offer recently for gfrd

[hirani2] 28/3/2007 14:05

is today drop in price because they have adjusted for the rights issue ?

[tonyrelaxes] 28/3/2007 10:01

hirani2

They are in the post - mine arrived half an hour ago.
If your holding is in a Nominee A/c the form goes to them.

[bigbertie] 28/3/2007 09:28

shares for the rights issue were listed today I think, but I have not been advised of the rights (my shares in an ISA so the broker should advise me)

[hirani2] 28/3/2007 08:47

Have the rights documents been issued i have not receiveid my document as yet.

[mistertibbs] 27/3/2007 08:47

A nice wee contract win reported yesterday.

[mistertibbs] 20/3/2007 08:43

I agree with you final comments bigbertie and it just goes to show what happens when someone like me enters a thread for the first time without looking what was said in the past. Will be taking up my rights as well and for very similar reasons to your own.

[bigbertie] 19/3/2007 10:18

after the rights shares are issued the price will adjust to the average, so if the old shares are trading at 346p and you get one at 200 for 2 old shares, the average is about 297p. You can get more than your allocated shares if you buy the rights in the market before the new shares are issued - the rights will cost about 97p (297 minus 200) and you would then have to pay the extra 200 to take them up.

that's my understanding anyway - obviously the actual numbers will vary as the share price changes. good luck

FWIW I'm taking up the rights becasue I think the rights issue and acquisition will be successful, Meggitt will then be in a position to benefit from Airbus etc consolidating their suppliers and from more exposure to the US aerospace market, and it's bigger size will increase institutional investment. IMHO DYOR

[hirani2] 19/3/2007 09:59

Can you buy more then your allocated share under thw right issue

[hirani2] 19/3/2007 09:56

Any Idea what they will trade at after the rights issue.

[bigbertie] 19/3/2007 09:11

mistert - no I'm just making the point that the rights are no different from other Meggitt shares. If it's worth holding the shares at all why not take up the rights? But if you think the rights are not worth buying you have to question why you already hold the shares. It was a general point - not aimed at Meggitt in particular. I'm holding and will take up the rights.

Of course if you can't afford to take up the rights, but like the company, you can sell the rights and keep your original holding. The money from the rights sale will hopefully compensate for the drop in value of your original shares.

[mistertibbs] 18/3/2007 21:37

will follow this thread more often now as I've just invested and glad to be going for the rights issue. It's a big issue of shares and expansion for mggt so not surprised at the discount as they obviously want it away. For me it's a buy 1 get a second nearly half price.

Get the feeling your a wee bit negative bigbertie. May I enquire why?

[bigbertie] 14/3/2007 12:47

hirani2 - you presumably already own the shares? So you need to ask yourself if Meggitt (with the acquisition) is still a good company to be invested in. If so it is worth taking up the rights, but if not, You should sell the rights and probably the rest of your holding as well.

[hirani2] 13/3/2007 15:21

The rights issue seem to be cheap are they worth going for.

[bigbertie] 07/3/2007 20:31

if a US company was thinking of bidding for Meggitt, the planned bid for K&F could just force them to make a quick pre-emptive strike? just my (rather hopeful) musing.

[phillis] 07/3/2007 16:26

The TERPS is about 286p so the current share price is a fantastic market response

[9degrees] 07/3/2007 13:13

Good positive article in todays FT page 20 following excellent results increased dividend and acquisition coupled with rights issue

[bigbertie] 16/2/2007 20:18

Times reports possible interest in Meggitt (and other UK aerospace cos) from Boeing and Lockheed Martin.

[blackbear] 22/1/2007 08:18

340 is broken... 380 now in play.

[domesday2] 15/1/2007 09:51

Could just be the market looking for other acqusition candidates for GE following the GE deal to buy Smith's Aerospace.

[blackbear] 15/1/2007 09:19

Bid rumour or what?

[littlechops1] 05/1/2007 00:29

Meenasha, right on,reports of consolidation in the sector and meggit is no exception, also with talk of stock rotation with "the big boys" we could be looking at this sector gaining from it, thats only a maybee, as always DYOR and no advice intended etc...
It seems the retailes are a bit infocus as Xmas was another bumper time, but as always....
ROB