Spectris Share Discussion Threads

[enami] 01/2/2011 18:22

Spectris upgraded to conviction buy from buy at Goldman Sachs, TP raised to 2010p from 1684p.

2010 preliminary results due 25 Feb 2011.

[bluebelle] 01/2/2011 13:33

That's interesting : their new target is almost 50% above last night's close and still 40%+ above the price after this morning's rise !

[nellie1973] 01/2/2011 10:27

Broker upgrade today

[bluebelle] 18/1/2011 10:52

Funnily enough I used to hold both of those and took profits : CGS, IMI & AVON are other examples.

[broadwood] 17/1/2011 17:15

BlueB - Don't I know it.

Other examples WEIR and SENR although I've taken my profits there now.

Its remarkable. I'm sure many folks just buy the stock when its an active thread feeling there's safety in numbers when there's no such thing.

[bluebelle] 17/1/2011 08:42

Often said, broadwood, the less active the thread, the sounder the investment !

[broadwood] 14/1/2011 16:22

Another deserted thread for a quality stock.

Bought in again first thing for the third time. Couple of Brokers upgrades so far but they'll all have to revise their projections.

[nellie1973] 14/1/2011 16:18

Broker upgrade today

[sharw] 13/12/2010 15:53

New high today as Goldman Sachs upgrades to buy and moves target from 1390 to 1684.

[nellie1973] 13/12/2010 08:17

Broker upgrade

[cambium] 12/11/2010 16:21

lol sorry Broadwood

[broadwood] 12/11/2010 16:11

Try changing the spelling mistake in your header!

To maintain as a hold seems ludicrous with a statement like that - Panmure's.

Despite a strong third quarter report from Spectris, which saw higher sales in all business division and regions, KBC Peel Hunt has retained its 'hold' rating for the stock, though it has bumped up its target price.

The instrumentation and controls company anticipate pre-tax profits for the year moderately above the high end of current forecasts. "We expect to upgrade by circa 15% to circa £117m ... versus original consensus of £106m", says analyst Dominic Convey. Peel Hunt's profit projection equates to earnings per share of 77p.

"There was a strong recovery in the Test and Measurement segment, where sales increased by 20% compared with the relatively weak prior year period", said Convey.

Sales in the US and Asia Pacific were up by 32% and 21% respectively, while European sales have recovered and increased by 7% compared with the same period previously.

Net debt at 31 October was £105m, including £42 of acquisitions.

The broker maintains its 'hold, with an upgraded target price of 1,200p from 1,100p.

[cambium] 12/11/2010 10:31

Spectris plc ("Spectris" or the "Company"), the productivity-enhancing
instrumentation and controls company, today issues its Interim Management
Statement for the period from 1 July to 11 November 2010.
Since we announced our interim results in August, the rate of revenue growth has
increased. On a reported basis, revenues for the four months ended 31 October
2010 increased by 21%, including a contribution from acquisitions of 2% and
beneficial effects from currency of 3%. On a like-for-like basis, therefore,
revenues were 16% higher than the comparable period last year.

We are now seeing higher sales in all business segments and all major regions,
on a constant currency basis, compared with the same four-month period last
year. There was a strong recovery in the Test and Measurement segment, where
sales increased by 20% compared with the relatively weak prior year period.
Regionally, group sales in North America were up by 32%, partly as a result of
restocking and several project wins in the Test and Measurement segment. Asia
Pacific continued to see strong growth, with sales up by 21%, whilst European
sales have recovered and were up by 7% compared with the same period last year.

The company continues to maintain a good financial position, with operating cash
conversion remaining strong. On 6 July 2010, we acquired Zhuhai Omec Instruments
Co Ltd, a privately-owned Chinese company specialising in particle
characterisation. On 1 October 2010, we completed the acquisition of N-TRON
Corporation, a leading manufacturer of rugged industrial networking components,
and on the same date we also acquired a distributor in Japan for the Materials
Analysis segment. The total cost of these bolt-on acquisitions was GBP42
million. Including the cost of these acquisitions, net debt at 31 October 2010
was GBP105 million.

As previously noted, on 20 October 2010, Russell King joined the Board as a
non-executive director. Russell was previously Chief Strategy Officer of Anglo
American PLC and is a non-executive director of Aggreko plc.

On the basis that current trading levels continue, the Board now anticipates
that Spectris will report adjusted pre-tax profits for the full year moderately
above the high end of analysts' current forecasts1. The temporary cost savings
made in 2009 have been progressively reversed in a measured way throughout 2010,
and we expect a return to more normal sales growth following this year's
recovery.

[sharw] 30/9/2010 19:58

Yet another new intra-day high and closing high. I am starting to wonder if there will be an announcement starting with the usual "the company has noted the move in its share price...".

[sharw] 27/9/2010 13:16

Just moved to a new all time intraday high.

[nellie1973] 25/8/2010 17:07

Tipped in press.

[enami] 26/5/2010 09:03

BROKER CALL: Spectris downgraded
26 May, 2010 08:16:25 AM

Expect the stock to come under pressure as UBS goes to neutral from buy on valuation grounds. Reckons the stock is worth 875p. Analyst Fredric Stahl tells us: 'Since the pull back in the sector Spectris has managed to outperform the sector by more than 5%. However, as part of bear-case scenario analysis, and given relative sector valuations we think it is time to downgrade Spectris.'

[deadly] 24/2/2010 09:45

results look poor but market seems to be pleased.

[dasv] 20/1/2010 12:26

yeah, true.

[dasv] 06/1/2010 10:52

Looking good for 850 according to daily P&F.