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MGGT Meggitt Plc

798.80
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Meggitt Share Discussion Threads

Showing 451 to 472 of 725 messages
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older
DateSubjectAuthorDiscuss
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
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older

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