Spectris Share Discussion Threads

[broadwood] 25/5/2011 07:57

Spectris develops and markets productivity enhancing instrumentation and controls, and has a diverse end-user base with no single industry accounting for more than 10 per cent of its revenues. By being a provider of niche products into a range of industries, Spectris is well-placed to counter many of the challenges facing other industrial companies. With over £300m headroom on its balance sheet to finance acquisitions, the company has the firepower to consider smaller "bolt-ons" as well as more transformative deals, according to the Scotsman, which recommends a BUY

[broadwood] 24/5/2011 15:54

TP 1779p from Citi then.

[nellie1973] 24/5/2011 15:05

broker upgrade again

[sharw] 17/5/2011 12:26

Broker upgrades followed the statement:

Panmure raised price target to £18.50 from £17.40

Credit Suisse raised price target to £16.90 from £15.90

[envirovision] 13/5/2011 08:25

Interesting first time i read something like that.

[broadwood] 13/5/2011 08:16

The pnultimate paragraph may temper enthusiasm a wee bit but very positive overall.


Instrumentation and controls group Spectris plc reported a 21% rise in like-for-like sales for the four months to end-April.

In its interim management statement ahead of today's AGM, the group said trading had started strongly, helped by a healthy order book following particularly good performance in the final months of 2010.

Spectris had made good progress throughout all segments, geographic regions and end markets as the trends continued into 2011.

Its like-for-like sales rise compared with a weak increase of 6% in the comparable period of 2010.

On a reported basis, revenue increased by 25%, including a 5% rise contributed from acquisitions and 1% negative impact from currency movements.

Sales increased strongly in the Materials Analysis and Test and Measurement segments, which Spectris said had not yet recovered from the downturn a year ago.

In the In-line Instrumentation segment, which had a stronger period in 2010, sales growth was slower than the other segments as expected. Industrial Controls had also continued to build on its good start to the year.

Regionally, sales in Asia Pacific grew by 20% on a like-for-like basis, with strong growth in China but more modest growth in Japan. European sales rose by 17% and North America was up by 26%.

Chairman John Hughes said, 'The group has made a strong start to 2011. We believe that our strategy of expanding our market positions and regional presence, investing in new products and applications and seeking acquisitions will continue to provide good growth opportunities during the year.

'However, given the strong recovery in our markets in the second half of 2010, growth rates in the remainder of the year are likely to revert towards more normal levels. The board anticipates that Spectris will make good progress for the full year.'

A trading update was scheduled for July 15 ahead of half-year results due on August 23.

[sharw] 27/4/2011 11:28

Big rise to new highs this morning. Why? Bid rumours?

[enami] 05/4/2011 13:03

Investor site visit today, must have impressed them as just clipped a new ATH.

[honiton] 01/3/2011 19:10

funny day. this share is not tracking the FTSE 250 but appears to be tracking broker momentum and the backwash from friday's results. i suspect that the floor is now £13.50-£14.00 range with upper ceiling of £16.00

DYOR, IMHO and all that.

[bluebelle] 28/2/2011 10:31

As I say, I'd be happy with that - no point in being greedy !!!

[honiton] 28/2/2011 10:23

compound that would be - over 250% per year.

[bluebelle] 28/2/2011 09:57

3% a week compounded over a year would be more than acceptable thank you !!!

[honiton] 25/2/2011 17:10

its only 3% higher than it was on Monday.

but then again: that's 3 years returns from a savings account.

[bluebelle] 25/2/2011 16:44

Honiton - 25 Feb'11 - 12:50 - 32 of 35
quite but price action muted.


Depends on how you define 'muted' I suppose !

[honiton] 25/2/2011 15:21

well..the old saying still holds...

the better the share...the fewer the BB postings.

look at BKG and SHB too.

[broadwood] 25/2/2011 13:46

Cracking statement - and BlackRock buying.

[enami] 25/2/2011 12:50

Fib target 1607. Might buy in here if there is a pullback to 1300ish.

[honiton] 25/2/2011 12:50

quite but price action muted.

[enami] 25/2/2011 12:22

Market seems pleased with the results.

Dividend 20.9p

Highlights

-- Much faster recovery in performance achieved than after previous downturns

-- Strong sales and profits growth in all business segments, particularly in emerging markets

-- Acquisitions strengthen Materials Analysis, In-line Instrumentation and Industrial Controls

-- Robust conversion of operating profit to cash at 112%

-- Net debt down by GBP38 million to GBP86 million; 0.5X EBITDA

-- Dividend up by 15%

[honiton] 24/2/2011 11:12

results tomorrow..

[honiton] 21/2/2011 23:31

FResults this week.

Anyone following BKG or HMY fot that matter?

[nellie1973] 18/2/2011 13:33

Broker upgrade

[bluebelle] 04/2/2011 14:12

Great News !

Selected as his 'Turkey of the Week' by Paul Hill in Money Week - as clear a buy signal as you can get.

I looked at his 'Turkeys' for the first two months of 2010. At the end of the year, only 1 was trading lower than his recommended sell price (and even that had traded way above it during the course of the year); one was up over 100% over the year with 3 up by more than 30% and all of the others up by around 10 - 20%. To think that Money Week, presumably, pay him, and they also recommended his tipping service. Nice work if you can get it !!!