Tt Electronics Share Discussion Threads

[fangorn2] 09/5/2013 09:32

Schroders reduces stake to 4.73%

[nurdin] 09/5/2013 09:29

The main positive in the statement is that there are no negatives :o)

[a0148009] 09/5/2013 09:26

Nothing new - repeat of what was said with Preliminary figures on 14th March.

AO

[fangorn2] 09/5/2013 07:59

The Board anticipates that the Group's performance for 2013 will be in line with its expectations, with investments being made to position the business for future growth and to improve margins.

[lenzcrafter] 08/5/2013 19:43

Update tomorrow. Nice little rise today!!

[mechanical trader] 01/5/2013 10:12

Broker Ratings...... Update on the 9th of may.

Date Company Name Broker Rec. Price Old target price New target price Notes

25 Mar 13 TT Electronics PLC Goldman Sachs Neutral 168.63 170.00 180.00 Retains
14 Mar 13 TT Electronics PLC Oriel Securities Buy 168.63 210.00 210.00 10 Jan 13 TT Electronics PLC Numis Buy 168.63 175.00 180.00 Reiterates

[a0148009] 30/4/2013 20:09

Judging by the volumes looks to have been a seller over the past three weeks who appears to have finished.Shares still look cheap imo exd 15th May 3.5p

AO

[lenzcrafter] 30/4/2013 19:41

Lovely 4.5% spike. No particular reason why though.

[pearlfisher] 19/4/2013 15:49

Market appears to me to have been spooked by a false alert. TTG's 2012 results which were announced weeks ago (on 14 Mar) would seem to have been highlighted as a new news story. Creeping back now but markets are clearly very jittery.

[lenzcrafter] 17/4/2013 14:53

Why is this slipping??

[philo124] 28/3/2013 22:15

Strong close.

[matt123d] 26/3/2013 23:10

Nice break after yesterday's volume cleared the last of the supply from this 170p area. 190p pretty quickly now.

[lenzcrafter] 26/3/2013 13:11

Has this broken a little bit of resistance?

[lenzcrafter] 25/3/2013 14:37

This one is creeping up in the background. Nice and steady!

[rogerrail] 14/3/2013 17:34

Have to add though that TTG's results provide a lot of confidence going foward. A combination of further margin improvement measures, integration of and FY contribution from ACW, coupled to a good aquisition should provide some momentum to the share price Any slight recovery in the european car and truck market will just be an added bonus even though they have said the shortfall was just in the smaller european OEMS, which I interpret to be Volvo , Jaguar/LR and SAAB ( now bust). Volvo is now on a good footing after Geely have bough them out and LR has and is continuing to grow sales

[rogerrail] 14/3/2013 17:29

me too, bought into VLX hoping for a recovery. I would get quicker return if there was a t/o by TTG than waiting for the two of them to improve their profitabiliy.

[imastu pidgitaswell] 14/3/2013 15:06

I know - but forgive a selfless bloke desperately trying to oil the wheels of international manufacturing. And make a few bob in the process...

[rogerrail] 14/3/2013 14:33

Imastu

there may be some logic in this and TTG could afford VLX without getting into too much debt, but aerospace was mentioned 15 times in the announcement, I would hazard a guess that's where they are most likely to target an aquisition.

[broadwood] 14/3/2013 08:18

That'll do nicely then.

[broadwood] 14/3/2013 07:49

- TT Electronics booked at 12.7% fall in its pretax profit to £23.4 million, from £26.8 million, at the same time hiking its dividend by 13.6% to 5p a share, from 4.4p.

Revenue for the period was £476.9 million, from £509.6 million, down 6.4%. The firm's distribution costs and administrative expenses were both lower, as were finance costs.

"The business performed well against the backdrop of a challenging market environment reporting an improvement in profitability as we made further progress towards our stated margin targets," said CEO Geraint Anderson in a statement.

"We are now a wholly focused electronics business and we further expanded our global footprint and capacity in strategic regions, enhancing our ability to serve key customers," Anderson said.

"In 2013, we will combine our existing capabilities to create a Sensing and Control business and focus investment to capture increasing market opportunities and drive value for shareholders."

[philo124] 14/3/2013 07:20

"inorganic expansion plans" well there's an Orwellian phrase.

[broadwood] 14/3/2013 07:16

Not too different from what they said in January - improved margins and throwing off cash. Revenue was slightly down but lets hope that was expected. However profit is down 12% so hope that was in the price.

They seem confident enough going forward.

[lenzcrafter] 14/3/2013 07:09

So what is the general feeling about the results today? Dividend up. That's got to be a good sign.

[lenzcrafter] 13/3/2013 18:43

Ha. We will see. After last years I'm sure we will get great results but the share price will probably drop from here on in. I hope it doesn't mind you!