Meggitt Share Discussion Threads

[jeffcranbounre] 27/1/2015 15:53

Meggit is featured in today's ADVFN podcast.

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[jeffcranbounre] 13/1/2015 16:13

Meggit is featured in today's ADVFN podcast.

To listen click here>

In today's podcast:

- Alan Green CEO of TradersOwn.co.uk will be chatting about Quinell, Tesco and Entertainment One. Alan on Twitter is @TradersOwn

- And the micro and macro news including:

Quindell #QPP
Tesco #TSCO
Entertainment One #ETO
Afren #AFR
Greggs #GRG
ASOS #ASC
Pace #PIC
SIG #SHI
Debenhams #DEB
Meggitt #MGGT
Michael Page #MPI
Spire Healthcare Group
Morrison #MRW
Standard Chartered #STAN
Ashmore Group #ASHM
Big Yellow Group #BYG
UK Mail Group #UKM
Carr's Milling Industries #CRM
Antofagasta #ANTO
Debenhams #DEB
Cineworld Group #CINE
Kazakhmys #KAZ

Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below.



(All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below:



(Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

You can subscribe to this podcast in iTunes by clicking

To follow me on Twitter click

As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions:

Bronze - £50 (normally £73.82/year)
Silver - £145 (normally £173.71/year)
Level 2 - £350 (normally £472.94/year)

Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just for more information.

Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing.

Justin

 

 

[jeffcranbounre] 13/1/2015 16:12

Meggit is featured in today's ADVFN podcast.

To listen click here>

In today's podcast:

- Alan Green CEO of TradersOwn.co.uk will be chatting about Quinell, Tesco and Entertainment One. Alan on Twitter is @TradersOwn

- And the micro and macro news including:

Quindell #QPP
Tesco #TSCO
Entertainment One #ETO
Afren #AFR
Greggs #GRG
ASOS #ASC
Pace #PIC
SIG #SHI
Debenhams #DEB
Meggitt #MGGT
Michael Page #MPI
Spire Healthcare Group
Morrison #MRW
Standard Chartered #STAN
Ashmore Group #ASHM
Big Yellow Group #BYG
UK Mail Group #UKM
Carr's Milling Industries #CRM
Antofagasta #ANTO
Debenhams #DEB
Cineworld Group #CINE
Kazakhmys #KAZ

Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below.



(All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below:



(Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

You can subscribe to this podcast in iTunes by clicking

To follow me on Twitter click

As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions:

Bronze - £50 (normally £73.82/year)
Silver - £145 (normally £173.71/year)
Level 2 - £350 (normally £472.94/year)

Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just for more information.

Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing.

Justin

 

 

[jeffcranbounre] 06/1/2015 18:49

Meggit is mentioned in today's (06/01/15) ADVFN podcast.

To listen to the podcast click here>

In today's podcast:

- Alan Green CEO of TradersOwn.co.uk chats about Nanoco and Game Digital. Alan on Twitter is @TradersOwn

- And the micro and macro news including:

Nanoco #NANO
Tesco #TSCO
TERN #TERN
Game Digital #GMD
Ultrasis #ULT
Rolls-Royce #RR.
LondonMetric #LMT
Hunting #HTG
Meggitt #MGGT
BP #BP.
Royal Dutch Shell #RDSB
Galliford Try #GFRD
Senior #SNR
Bunzl #BNZL
Morrisons #MRW
Sainbury’s #SBRY
LGO energy #LGO
AVEVA #AVV
Indivior #INDV
Northgate #NTG
Cineworld Group #CINE


Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below.

Ten Bagger Tuesday

(All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below:

Suggest a stock

(Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

You can subscribe to this podcast in iTunes by clicking HERE

To follow me on Twitter click HERE

As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions:

Bronze - £50 (normally £73.82/year)
Silver - £145 (normally £173.71/year)
Level 2 - £350 (normally £472.94/year)

Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information.

Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing.

Justin

[tiptv1] 27/8/2014 14:41

Megitt (MGGT): 460p -550p range still in force. - See more at:
http://www.tiptv.co.uk/#sthash.HN8vLdWq.dpuf

[abcd1234] 16/7/2014 10:09

be interesting to see if the FT or other, can find sources other than the chatter at Farn.

[football] 16/7/2014 08:55

Meggitt bid may be set to take off after revived rumours fly around at Farnborough Air Show

[meijiman] 10/6/2014 15:50

According to toplists this has been a constant gainer for the past 10 days -as evidenced by the charts.Was looking oversold compared with peers such as Senior so now trading more in line. Quality company.

[rogerrail] 15/4/2014 12:44

not a lot of action here!
suprised that with strength of sterling , MGGT is not looking for further aquisitions, Curtiss-Wright would be a good fit!

[el chupacabra] 12/3/2014 21:37

thanks hjs

[hjs] 12/3/2014 15:18

El Chupa

X-div today @ 8.80pence

[el chupacabra] 12/3/2014 10:25

i know support is here at 449

[el chupacabra] 12/3/2014 10:24

did this go x-dividend today? or is it Friday? or neither lol


anyone?

[meijiman] 12/3/2014 10:05

Can't see why this fallen so far so fast. now looking rather oversold i think.

[hrpatel] 06/3/2014 15:07

Can this drop any further?

[mike24] 11/12/2013 08:14

in the short term possible restructuring within
European aerospace industry

13,feb, RR taken a bit of a battering, buying ops when the dust settles
nai

[phoenix1234] 06/11/2013 16:21

Buy tip

www.shareprophets.advfn.com/views/2346/meggitt-interims-still-a-buy-at-50225p

[philanderer] 01/11/2013 12:47

FT Alphaville comment:

Meggitt PLC (MGGT:LSE): Last: 514.50, down 58 (-10.13%), High: 535.50, Low: 509.50, Volume: 2.74m
BE
On the first read it looks like a quarter of turbulence.
BE
Production difficulties at Sensing Systems, delays in one of the energy businesses, plus FX
BE
Which is all the kind of thing that can be fixed.
BE
More interesting - or worrying - is that aftermarket up just 2% in the quarter.
BE
It's meant to trend at about 9%.
BE
This is likely to be because of Meggitt's reliance on corporate jets and suchlike, which make up half of aftermarket sales.
BE
And it seems that the corporate jet is in decline, partly because of fuel prices.
BE
Cazenove's very good on the theme this morning.
BE
We are cutting our 2013-2016E (Meggitt defined) EPS by 5%/8%/8%/9%
reflecting weaker civil aero aftermarket growth (our main concern), product
quality issues (should be temporary), and a weaker US$. We also lower our
target P/E multiple to 13.4x from 14x, given we project lower trend organic
sales growth (4-5% pa from 2014-2017, vs Meggitt target of 6-7%). As a
result our Dec-14 multiples-based PT is cut 11% to 555p from 625p.

PM
Oh no!
BE
· Weak civil aero (CA) aftermarket growth is main issue: Over the last
several years Meggitt has told investors that its trend organic growth in the
CA aftermarket is 8-9%. We believe that its 2014-2017 trend growth is
more likely to be c5% because we believe older aircraft are being retired
earlier (due to the high fuel price) and Meggitt has a higher than average
exposure to these older planes. In 2012 Meggitt's organic CA aftermarket
sales growth was -1% and for 2103 we now forecast c+2%. Wedo expect a
recovery to the c5% trend level from 2014-2017 as 2012-2013 growth was
also hit by a 'mini-cyclical' downturn,which we think has largely passed.
· Product quality issue should be temporary: Meggitt Sensing Systems has
uncovered a batch of faulty raw materials delivered in 2012 and this has
meant it has been unable to ship equipment for new civil aircraft and forthe
energy market. As a result we forecast Meggitt's group organic growth in
2013 is likely to be 1.4% yoy, down from our previous forecast of 3.4%.
From 2014-2017 we expect group organic growth of 4.6%, vs Meggitt's
guidance of 6-7% trend organic growth.

BE
· Cutting 2013-2016E clean EPS by 16%/12%/11%/12%: In common with
most of the civil aero companies we follow, Meggitt capitalises a lot of costs
and excludes its pension finance charge from its underlying EPS,
'overstating' EPS by c15-20% pa from 2014-2017E. In 2013 it will also take
a £14m restructuring charge below the line. With today's IMS Meggitt said
it will now take a charge of £20m for the faulty raw materials referred to
above. We have assumed this is taken as an exceptional charge, although we
would deem it operational. Table 1 overleaf shows the reconciliation
between the Meggitt defined EPS and J.P.Morgan defined 'clean'EPS.

BE
Though, once again, we have the "is it in the price" argument.
BE
Meggitt may be in the wrong bit of the market, but it's cheap already.
BE
Or, rather, it's cheap relative to a very expensive sector.
BE
Here's RBC's new numbers.
BE
EPS and target price
We've cut our 2013 EPS forecast from 41p to 37p (factoring in the £20m
charge), and taken 2014 from 44p to 42p. Our target price goes from 650p
to 620p, and still includes a 10% discount to our SoTP valuation (14.4x
2014/15 P/E).

BE
Still the cheapest aero aftermarket play
Even after our earnings adjustments, which we expect to be reflected
in consensus forecasts, we still have Meggitt as the cheapest aero
aftermarket name in our global coverage (12.6x 2014 P/E). We would
note that two of the three issues highlighted in the 2013 revenue cut
are not recurring, whilst FX translation (vs the US$) is an inherent issue
across the European sector. The aero aftermarket by its very nature is
unpredictable, and generally not linear in its progress – but the underlying
drivers still point to improvement going forward. We think this makes
Meggitt a compelling story.

[restriction] 01/11/2013 11:44

Might not be a bad thing to buy some of these, they have a lot of good prospects as far as I know.

[meijiman] 01/11/2013 09:07

Yes and its a negative. I'm not a holder but wondering whether to buy in here post the warning. Its not entirely clear.

[broadwood] 31/10/2013 22:21

Reporting tomorrow.

[broadwood] 20/8/2013 17:14

I guessed someone had upgraded as there was strength from the off today.

Investec Meggitt PLC 20/08/2013
Upgrades
Add Buy 1 535.00 600.00 532.50 65 2

[broadwood] 06/8/2013 19:44

Surprised this didn't go up today. But it will.


Meggitt targets energy deal as it sees key market recover

Meggitt said it had at least £500m of firepower for acquisitions as it posted an underlying 7pc rise in half-year profits and flagged the start of a recovery in crucial after-market sales

The aerospace and defence components group, whose braking systems, wheels and other equipment are found on 60,000 aircraft, is chiefly examining buys for its burgeoning energy division.

"At the moment we have grown half a leg, we'd like to turn that into a full leg," said chief executive Stephen Young of an energy wing that increased first-half sales by 22pc to £83.6m.

"We could spend quite a few hundreds of millions – a £500m deal would be very comfortable but there's nothing on the horizon at the moment."

The energy division, which supplies valves and condition monitoring equipment to power generators and heat exchangers used primarily in the oil and gas sector, is currently dwarfed by Meggitt's core civil aerospace and military arms.

Record order books at Boeing and Airbus helped raise revenues from new aircraft component orders by an underlying 15pc to £153m. But Meggitt makes most of its money in the after-market, where a recent trend towards airline destocking has hit sales.

Although underlying after-market sales rose just 1pc during the last half to £213m, analysts were heartened by a recent pick-up, with Andrew Gollan at Investec saying: "The all-important civil after-market is trending positively after a weak first quarter."

Mr Young, the former finance director who took over from his retiring predecessor Terry Twigger in May, said: "I've been in this industry for 10 years and destocking typically lasts 12 to 18 months. We are 15 months into the current round. We think the after-market is improving and people in the same space are saying the same thing."

Mr Young added that the business jet market looked stronger too, though cracking China remained the key. "China's got 100 business jets. It should have thousands," he said.

Meggitt's civil aerospace wing is also benefiting from a couple of recent big contract wins, notably a $50m (£32.5m) fire-protection order for the Irkut MC-21 aircraft and a deal for the fuel containment system for Sikorsky S-92 commercial helicopters – a more valuable, though undisclosed, contract.

The FTSE 250 company's toughest market remains its military arm, where the shrinking US defence market accounts for 63pc of sales.

Mr Young said the division was "holding up well", despite "sequestration" in America, which has led to a mandatory 10pc cut in the US defence budget.

"Military is down 1pc," he said of a first-half that saw underlying sales come in at £305m. "We think we have seen a little bit of an impact from sequestration," he said, highlighting "slower, smaller orders" in Meggitt's training, helicopter and ground vehicles markets.

"US military sales are 23pc of group sales. Sequestration is supposed to be 10pc off every line. So I think the impact of sequestration will be 2pc of sales. I think civil aerospace will more than compensate for that."

Reported group profits were flat at £122m – though 7pc higher after adjusting for one-off charges –on sales up 4pc to £810m. The group confirmed full-year profits guidance.

Showing "ongoing confidence in our end markets", Meggitt also raised the interim dividend by 10pc to 3.95p.

Robert Stallard at RBC Capital Markets said: "We are encouraged to see a return to growth in the aero after-market in the second quarter and only a modest decline in defence despite the Department of Defence budget pressures."

Mr Young played down talk that Meggitt was a takeover target. "We've been on the top five takeover target lists for the 10 years I've been at Meggitt," he said. "But by the time you stick a premium on it, that's quite a large number and while people may want some businesses, they don't necessarily want all of them."

[broadwood] 06/8/2013 07:19

FLASH: Meggitt confirms Irkut, Sikorsky contract wins

and ups divi

[broadwood] 06/8/2013 07:07

This'll do nicely.

The business delivered top line growth in line with our expectations in the first half, with particularly strong performances in the civil OE and energy markets. Military held up well given the challenging budgetary environment, and we have seen a modest recovery in the civil aftermarket in the second quarter. The work we are undertaking as part of the raising the bar programme, focusing the Group on achieving world-class operations and programme management, underpins our confidence in delivering further strong growth