Meggitt Share Discussion Threads

[lomcovaks] 05/8/2013 18:25

Keep scratching my head with MGGT, one of my longest held shares. Early this year all the analysts downgraded their price targets and the share has soared ever since.

I guess it goes to show that you should always take analyst views with a pinch of salt.

[broadwood] 05/8/2013 17:18

Results tomorrow.

[lomcovaks] 04/2/2013 16:49

It's not so bad ;-)

Uploaded with

[poikka] 25/1/2013 08:56

This has gone quiet. The latest:

[poikka] 21/1/2013 16:44

"Lithium-based systems have demonstrated excellent performance in safety critical medical applications and essential telecommunications services but its profile in aerospace is growing. Securaplane (Meggitt) is pioneering lithium battery technology on commercial aircraft, developing the charger for the lithium main ship batteries on the Boeing 787 (Dreamliner) through Thales and, direct to Boeing, the aircraft's rechargeable batteries for the wireless emergency lighting system."

From their website. A statement would be nice - if poss. Probably a good move, Broadwood.

[broadwood] 21/1/2013 09:51

One of my favourite companies but just sold out until the Dreamliner troubles get sorted. Probably the wrong thing to do - but can't see immediate upside and may possibly get in again cheaper.

Good luck to all holders.

[mike24] 21/1/2013 09:30

there is to much pressure on highly skilled engineering/aerospace workers
to meet deadlines,both from the city and PE cracking the whip
threats of redundancies,excessive hours
step back and give them time to get it right in the first place

[bostonborn] 21/1/2013 08:35

Been linked with the Dreamliner problem. Something to do with battery chargers etc see BBC business website

[soft t] 21/1/2013 08:31

what happened this morning?

[broadwood] 18/1/2013 12:24

Engineering group Meggitt was up 8.05p at 439.05p after Barclays Capital upgraded the stock to overweight from equal-weight and hiked its target price to 520p from 450p.

[sleveen] 10/1/2013 07:37

How the outlook can change over 3 months, MGGT still a great company.

[begorrah88] 10/1/2013 06:42

football

Have you started running and crying to ADVFN yet about any other posters here that disagree with you?

You are an embarrassment and a liar who has been caught out lying and trying to get other posters removed who have caught on to you.


Beware MGGT football is a nasty piece of work who runs crying when his lies are exposed.

[football] 09/1/2013 23:36

forget planes all the money is coming from poole and what is down there

[broadwood] 09/1/2013 20:41

Well done Lomco. A little gem she is alright.

[broadwood] 09/1/2013 10:12

FLASH: Bank of America Merrill Lynch hikes Meggitt to buy from neutral, target 470p from 430p

[broadwood] 09/1/2013 09:05

Having a very strong run and touching all time highs. Statement back in early Nov was very positive - seems the big Broker houses are searching out the diamonds, belatedly.

[sleveen] 17/11/2012 10:19

COB profits warning will further hit sentiment here IMHO.

[broadwood] 02/11/2012 07:28

CATEGORY: NEWS AND ANNOUNCEMENTS SECTOR: AEROSPACE & DEFENCE
Meggitt flying in third quarter
Fri 02 Nov 2012

MGGT - Meggitt


LONDON (SHARECAST) - Third quarter organic revenues at Meggitt, the company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, were in line with an exceptionally strong performance from last year.

Based on current projections, and notwithstanding the uncertainty in military end markets, the group expects to see percentage revenue growth in the mid-single digits in 2013.

The group has seen strong growth in its energy business more than offset continued softness in civil aerospace after-market revenues over the last year. However, Meggitt is now starting to see the anticipated effects of the phased withdrawal of troops from Iraq and Afghanistan have an effect on its military revenues.

Civil aerospace end market indicators remain very encouraging, with large jet original equipment deliveries at record levels, and aircraft utilisation continuing to increase underpinned by strong load factors across the industry, Meggitt's interim management statement said. Based on these indicators, the company is expecting to see a resumption of after-market growth during 2013.

As for the acquisition of PacSci in April 2011, savings are occurring at a faster rate than initially anticipated and Meggitt remains very confident in delivering the increased cost synergy run rate of $22.5m by the end of 2014.

"We continue to expect revenue growth in 2012 to be circa 10% including the full year effect of PacSci and the disposal of the environmental control systems business [in North America] ... with operating margins broadly in line with last year despite the ongoing aftermarket softness and the currency headwind as a result of the appreciation of the Swiss Franc," the company said.

The financial position of the group remains strong, driven by a good operating cash flow performance in the first half which has accelerated during the third quarter.

[broadwood] 02/11/2012 07:17

Pretty content with that.

[broadwood] 01/11/2012 16:52

Results tomorrow.

[northernlass] 23/9/2012 00:40

Brokers Increasingly Bullish

BROKERS INCREASINGLY BULLISH ON MEGGIT

16th August 2012

Espirito Santo Execution Noble reiterates its BUY Recommendation for Meggit and raises its target price from 480p to 495p

29th August 2012

Alphavalue upgrades Meggit to an ADD rating with a target price of 427.5p.

05 September 2012

Oriel securities retains it BUY rating on Meggit's shares with a target price of 490p.



P.S.
Here's some links about SCLP, one of the hottest stocks at the moment: