Meggitt Share Discussion Threads

[deadly] 05/8/2008 11:19

great results, which were really as expected, and show no reason for the mad sell off in this share in the previous month or so.

It also shows that charting doesn't work as resistance an support are a waste of time on this one. unless you want to draw curved lines instead of the usual stupid straight ones.

[foreverbull] 24/7/2008 18:35

This shows oil worries are over now. Any ideas on resistance and support on this one.

[watwungyi] 23/7/2008 21:02

good to see it back to 200+.

[watwungyi] 16/7/2008 11:24

I am overweight here with losses. But they've got good order books which swell year on year. There will be slowdown in European civil aerospace sector. But Middle East, and Asian (China, Taiwan, Singapore) should offset the slowdown in the West.

[foreverbull] 14/7/2008 09:17

Yes, agreed. the new contract wins will definitely add to the bottomline and increase the MGGT profile.

[gunter guil] 14/7/2008 07:25

Yes totally oversold and as the announcement this morning shows, business still goes on.

[sleveen] 13/7/2008 07:38

Lets hope the interims on 5.8.2008 bring good news.

As with many other stocks MGGT is oversold IMHO

[bigbertie] 12/7/2008 17:08

Shares mag on Thursday was cautious on MGGT. It cited likely further delays on Dreamliner (orders for tooling made by Hampson have not been confirmed yet) and the capitalisation of costs which mean that EPS looks higher than it really is. I think that's the gist of it, but DYOR. I'm still out.

[foreverbull] 28/6/2008 11:31

Yes, I would also be interested in knowing the level of short sales......

[sleveen] 27/6/2008 21:45

anyone know if MGGT is being shorted to any extent?

[sleveen] 27/6/2008 07:10

with a 360pt fall on the Dow the 150p target is looking nearer :-(

[foreverbull] 26/6/2008 21:46

I think this is going down to Evolution recommeded price of 150p......

[emmaflynn] 26/6/2008 20:21

MGGT have produced growth over the past few years by acquisition not organically. Looks like they are now paying the penalty for all that debt finance.

I am really surprised that they haven't considered moving the listing to the US as that is where the majority of decisions are made. They might be UK based but they are trying their best to destroy the UK value they have acquired and move to low cost operation centres. MGGT are not really interested in UK manufacturing. The US directors want everything in the US, because thats the insular US intelligence for you.

Big institution dumped near 1/2 mill of shares late today, just before announcements in next few month's Do they know something we don't ? Probably, thats the usual way !. Numis did give a presentation, and as usual the "boys" get the "nod".

Doesn't look good.

[meenashah] 26/6/2008 12:58

strong pull on either side - looks like there is a seller but also value investors buying - v oversold.

[sleveen] 25/6/2008 19:15

Interims due 5.8.2008. Possibly a trading ststement in July.

I'm with the bulls on this one.

[meenashah] 25/6/2008 14:14

picking up steam today - wot did I say - it is oversold and due for a bounce!! On a 9x PE for a compnay that has produced consistent growth!

[emmaflynn] 25/6/2008 08:22

watwungyi - don't think you are in the right stock.

the upbeat trading statement detailed what happened post 911. does this intimate that after this year the future looks better , i don't know.

civil aerospace certainly isn't a defensive sector -quite the reverse.

consumers are not debt ridden - wrong, they supply to the debt ridden airline like aa, ba etc etc

i am in at 1.50

[watwungyi] 24/6/2008 22:32

this one is a definite buy now. upbeat trading outlook. swollen order book. multi-year low. and aerospace and defence is a real defensive sector in this time. the customers? they are not debt-ridden consumers. but ministries of defence and high-end market. i am in at 227 and 207, a thousand cfds each.

[emmaflynn] 24/6/2008 19:39

Everything looks oversold in this market. Depends whether or not your earnings are sustainable though. Cobham are better placed if you are looking for aerospace value.

[meenashah] 24/6/2008 13:52

Meggit looks oversold - definitely due for a bounce!!

[emmaflynn] 24/6/2008 11:48

£1.50 here we come. High debt, integration savings delayed, commercial spares orders drying up. Doesn't look good. Only my opinion though.

[sleveen] 16/6/2008 15:33

AI have announced an approach blah, blah.

It wouldn't suprise me at all if the same thing happened to MGGT at the current oversold price MGGT's at.

[sleveen] 16/6/2008 09:05

Thats' how I read the situation it puts it in perspective.

Think back to 11.9.2001 and the media showing those planes crash diving in to the tower and the poor souls aboard.

Horrific.

[foreverbull] 16/6/2008 08:57

So things are not that bad......

[sleveen] 14/6/2008 13:35

Meggitt presentation @ Numis aerospace conference:

Civil market summary
Civil OE markets robust
OE order books are at record levels
⎯ Large jets 6-7 years with scope to absorb deferrals/cancellations
⎯ Biz jets and regionals 3yrs+
Aftermarket is a stable cash generative market
Announcements are:
⎯ 2% cut in large jets
⎯ 1% cut in regionals
9/11 saw 7% large jet fleet laid up

Full Numis presentation can be found at: