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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Meggitt Plc | LSE:MGGT | London | Ordinary Share | GB0005758098 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 798.80 | 799.20 | 799.40 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
07/8/2012 12:43 | price targets Date ompany NameBrokerRec. Price Old target priceNew target priceNotes 07 Aug MEGGITT PLC Credit Suisse Neutral 403.20 400.00 400.00 Retains 07 Aug MEGGITT PLC Investec Buy 403.20 450.00 450.00 Retains 07 Aug MEGGITT PLC Oriel SecuritiesBuy 403.20 490.00 490.00 Retains | football | |
07/8/2012 10:12 | Meggitt reiterates guidance, wins two contracts Tue 07 Aug 2012 LONDON (SHARECAST) - Aerospace components engineer Meggitt said it entered the second half of the year with good momentum and an improved order book, although the civil aerospace after-market is a bit soft. Revenue in the first half of 2012 was up 19% at £776.0m from £649.8m in the corresponding period of 2011, while the order book finished the period up 8% year-on-year. The top line growth is flattered by a full six-month contribution this time round from Pacific Scientific (PacSci), which it acquired for $685m in April 2011. On a "pro-forma" basis (assuming PacSci had been acquired on January 1st 2011) group revenue increased by 8%, with growth in all major markets. Civil revenues were a little softer than anticipated but this was compensated by stronger military and energy revenues; as well as serving the civil and military aerospace markets, Meggitt also has customers in the energy sector. Underlying profit before tax climbed 15% to £168.5m from £146.2m the year before, while statutory profit before tax improved to £127.2m from £112.2m the year before. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) was up 13% to £221.3m from last year's £196.7m, while underlying earnings per share rose to 16.4p from 14.4p the year before. Underlying profit and EPS figures exclude the amortisation of acquired intangibles, exceptional operating items and the marking to market of financial instruments. Net debt at the end of the reporting period had improved to £792.9m from £847.8m a year earlier, or 1.6 times EBITDA (end-June 2011: 1.9 x EBITDA). The group's cash flow is significantly weighted to the second half of the calendar year. The group has £450m of undrawn headroom, net of cash, against committed bank facilities. PacSci has continued to trade in line with expectations. Incremental cost synergies of $4.6m were achieved in the first half, in line with the increased target run rate of $22.5m by the end of 2014, Meggitt said. The group continues to expect organic revenue growth of 6-7% over the medium term in line with its five-year guidance, with double-digit revenue growth in 2012 including the full-year impact of PacSci. Organic growth excludes foreign exchange movements and any mergers or acquisitions. Terry Twigger, Chief Executive of Meggitt, commented: "The business delivered good top line growth in the first half, with particularly strong performances in the military and energy end markets." Revenue from the civil aerospace business was up 4% to £349.7m, while the military business saw revenue jump 10% to £309.9m. The Energy business's revenues surged 30% to £68.6m. "The outlook for our civil markets remains encouraging, despite the slower than expected start to the year in the after-market," Meggitt's statement said. In the military market, uncertainties around US Department of Defense spending, in particular around the possibility of sequestration, are likely to affect new programme awards. "However, assuming sequestration does not occur, we continue to expect 2% compound annual revenue growth in line with our five year guidance underpinned by strong positions on work-horse platforms and continued retro-fit programme success." The interim dividend has been increased by one-eighth to 3.6p from 3.2p. In announcements separate to the release of its interim results, the group revealed two recent contract wins. The first is a heat exchanger contract worth more than $100m from Brazilian energy firm Petrobras. The second is a $129m contract with helicopter firm Sikorsky Aircraft to supply rotorcraft components. JH | broadwood | |
07/8/2012 07:26 | Heatric is the part of meggitt too watch has lots of nice green stuff to sell for big $$$$$ | football | |
07/8/2012 06:12 | Not to mention two massive contract wins. | broadwood | |
07/8/2012 06:07 | Results look pretty strong to me. Can't see any negatives at first look. No mention of slowing momentum etc.. | broadwood | |
27/4/2012 16:14 | Another desrted little gem. | broadwood | |
26/4/2012 06:18 | Pretty impressive. Market should like. | broadwood | |
25/4/2012 16:12 | Results tomorrow. | broadwood | |
24/4/2012 07:45 | Meggitt, the international aerospace, defence and electronics group, has won the contract to supply the fire detection, control and APU and engine extinguishing systems for the A320neo programme. The award follows the integration of Meggitt's established fire detection and control capability with the fire suppression equipment of recently-acquired Pacific Scientific Aerospace business, HTL. | broadwood | |
24/4/2012 06:21 | Big contract win. | broadwood | |
03/4/2012 07:25 | anyone any idea why this is rising? | meenashah | |
09/3/2012 14:02 | £4 at last | football | |
07/3/2012 08:32 | Tempus says further to go in short term! | toby tots | |
06/3/2012 12:05 | Triple top anyone? | fugwit | |
05/3/2012 14:46 | "other revenue streams" wait and see ;-) | football | |
05/3/2012 14:43 | Tuesday Meggitt announces its full-year results on Tuesday. Despite being exposed to the defence sector, an industry that has suffered from reduced government spending, some in the City believe the company is undervalued at current levels. Higher oil prices and reduced defence spending have been fairly well factored in but the firm is diversified enough to benefit from other revenue streams. | broadwood | |
06/1/2012 10:41 | Meggitt BUY PRICE TARGET 380p STOP LOSS 340p TICKER MGG | l2user | |
14/12/2011 18:36 | anyone trading these? | 5bag | |
01/3/2011 08:20 | the role of choppers highlighted in m/e over last wk | mike24 | |
17/2/2011 10:43 | down on sympathy with bae sp? buying op for me! | shazzieb | |
16/2/2011 15:04 | Nice intraday turnaround showing real strength and is very cheap is MGGT on a forwarsd P/E of just 12 to end of this financial year. | mechanical trader | |
11/2/2011 15:59 | MGGT broker share price targets SP targets for MGGT..... Some heavy weights here Deutsche 405p share price target, Bank Of America 400p share price target. Date Broker name New Price Old price target New price target Broker change 07-Feb-11 UBS Buy 364.20p 400.00p - Upgrade 02-Feb-11 Arden Partners Buy 348.70p - - Reiteration 14-Jan-11 UBS Neutral 374.90p 370.00p 400.00p 11-Jan-11 Arden Partners Buy 380.90p - - Reiteration 21-Dec-10 Deutsche Buy 375.50p 360.00p 405.00p Reiteration 03-Dec-10 Evolution Securities Buy 363.70p - 410.00p New Coverage 22-Nov-10 Bank of America Buy 334.60p 340.00p 400.00p Upgrade | mechanical trader |
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