Share Name Share Symbol Market Type Share ISIN Share Description
TT Electronics LSE:TTG London Ordinary Share GB0008711763 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 140.00p 140.00p 140.75p 141.50p 140.00p 140.00p 509,993 12:03:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 509.9 13.8 6.5 21.5 226.87

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Date Time Title Posts
26/8/201618:03T.T.Electronics charts and news20052,899
15/11/200812:52If TT cuts divi, shares will collapse to 40p9
10/12/200720:42TT Electrincs - borrowings linked to Libor?1
20/4/200616:49TT Electronics -Falls on concerns about trading136

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TT Electronics Daily Update: TT Electronics is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker TTG. The last closing price for TT Electronics was 140p.
TT Electronics has a 4 week average price of 142.71p and a 12 week average price of 143.24p.
The 1 year high share price is 168.25p while the 1 year low share price is currently 118p.
There are currently 162,051,302 shares in issue and the average daily traded volume is 250,433 shares. The market capitalisation of TT Electronics is £226,871,822.80.
rathkum: TT Electronics turnaround in full swing By Harriet Mann | Thu, 11th August 2016 - 13:58 TT electronics sensor technology turnaround R&D growth revenue operating profit Returning to profitable growth, TT Electronics (TTG) is 18 months into its turnaround strategy and is already beating expectations. Its flagship transport division is back in the black and its larger Research and Development budget is facilitating growth. The boss also reckons it's well prepared to weather any possible storms ahead. Making components and sensors for transport, aerospace and defence, TT Electronics has been battling against some harsh markets. Still, revenue rose 5% to £277 million in the six months to 30 June, and tighter control on costs and a chunky contribution from new family member Aero Stanrew helped drive profits higher. Its loss-making transportation business is back in profit, which will come as a relief as its turnaround strategy wouldn't work without it. Group operating profit jumped 32% to £13.7 million, which drove pre-tax profit up a quarter to £11.4 million and earnings per share (EPS) up a fifth to 5.1p. graph 1 It's been a difficult couple of years for the group, but its strategy finally has "traction" after 18 months, chief executive Richard Tyson told Interactive Investor. The boss was parachuted into the company in 2014 after a large restructuring plan promising profitable growth failed to deliver. The group's main transportation business was focusing on sensor controls for cars as it was planning its move from Germany to Romania, but troubles in the move resulted in missed opportunities. Changing the dynamics, Tyson has refocused the team and expanded its reach. Returning the group to profitable growth despite fattening up its research and development budget to £22 million is commendable, and has already resulted in securing orders that should drive growth. It's an important part of the business, Tyson explains, and is increased where opportunities arise - its industrial sensors budget increased by £700,000, for example. But a 100-basis point improvement in the operating margin doesn't happen by itself. The electronics group has been improving its cost efficiency, which includes reducing its headcount and relocating. While cash conversion inched slightly lower to 68%, free cash flow was -£4.9 million and net debt grew to £70.1 million. Still, the group's got its eyes open for any further acquisition opportunities as they arise. Fair share of difficulties TT Electronics has its fair share of difficulties: it has exposure to the automobile industry in China, where economic growth is slowing, and relies on North America, which has been hit by turbulence in oil and gas markets. But the group reckons China is still a large market opportunity and is confident it has reacted quickly against US macro headwinds, with demand already picking up. It should also be resilient to any impact from June's Brexit vote. Crashing 57% in the tail half of 2014, TT Electronics' share price recovery has been slow so far due to wider macro influences. Investors should be reassured TT is doing the groundwork for double-digit growth into 2017Now at 144p, the group is using its 200 day moving average and 32.8% Fibonacci retracement as resistance. Numis analyst David Larkam reckons the shares, trading on 13.5 times forward earnings, are worth 180p, which provides 25% upside from these levels. "As management continue to demonstrate the strengths of the group, we see a rating in the mid-teens as achievable and have raised our price target to 180p to reflect this and the currency-driven upgrade to numbers," says Larkam. He has pencilled in 2016 sales of £567.9 million, pre-tax profit of £23.8 million and earnings per share of 10.6p. This should jump to £583.5 million revenue in 2017, with profit of £26.5 million and EPS of 11.7p. These results should reassure investors that the group is doing the groundwork needed to help it achieve the double-digit growth expected into 2017.
ed 123: Hi Bugle4. The Directors' transactions were in the Share Save scheme and so carry no risk at all. As I understand it, if the share price is lower at the date of maturity, the directors (same as for all employees) can elect to have their monetary contibutions repaid to them instead of receiving lower priced shares. I would rather have seen the directors dip into their own pockets and buy shares now in the market. That would have been a public statement of confidence in the Company. Still no comment about VW. I don't know how, if at all, TTG will be affected. I don't like uncertainty. In my view the Board should make a statement to the stockmarket.
bugle4: TT Electronics PLC Notification of Transactions of Directors Date : 23/09/2015 @ 09:00 Source : UK Regulatory (RNS & others) Stock : TT Electronics (TTG) Quote : 134.25 0.75 (0.56%) @ 09:36 HOME » LSE » LSE » TT Electronics share price
nehpets81: Quite a quiet board this one. Any views on the interims? For me, I was a little disappointed with progress tbh. There was a good performance from the industrial sensors business but warnings that it will be first half weighted was disappointing. All the other businesses seem to be going backwards, although perhaps IMS will pick up going forward. Perhaps I was expecting a bit much, but I am not sure the progress being made entirely warrants the increase in share price we have seen.
bakunin: No surprises, everything on track. The market should like that. When the company gets back to normality, the current share price will undervalue the operations quite substantially without even factoring in any future growth initiatives around the sensors side of the business. The market looks ahead 6-18 months, so there should be a steady upside swing from the current 135 resistance level, ie a breakout, and then a pause for further confirmation of progress at the interims.
boystown: It’s a crazy world where one guy signing on to a company whose share price has tanked due to a dreadful performance by its Board picks up a welcome bonus of shares worth more than most people can put by in an entire lifetime. Yet when the prospect of a GP getting a £20k bonus for moving practice comes up – it makes front page headline news.
investoree: TodayI have sent an E-mail to the company as follows and will post any reply that I receive from them. " As a long term shareholder I am concerned at the relentless fall in the companies share price and feel that the company should consider issuing an RNS. The RNS should either state that the company is unaffected by the ongoing problems of multiple vehicle recalls (if our products are not involved) and is not aware of any reason for the continuing fall in the company's share price – alternatively should there be some material information liable to adversely impact on the share price valuation then it should immediately be declared in order that the share price can adjust to the appropriate level which I would hope we have almost reached".
ed 123: SP Angel retains 'hold', ups target price from 180p to 190p. Present share price 204p.
ed 123: lenzcrafter. Still a slight chance that a bidder will appear before the benefits of their reorganisation appear fully in their accounts. Other than that, I don't see a sharp step up in the share price near term. That puts off a lot of people, but for a longer term person, this has potential, imv.
wiseacre: See Numis Buy reccommendation. Company is doing rounds of City over the next few days. After taking a breather as the spivs trade out on the figures expect the share price to rally strongly. TT Electronics Full Year Results Strong preliminary results TT has released strong preliminary results, in-line with our forecasts. After improving trends through the year, 2011 generated significant profit growth and TT enters 2012 in a net cash position. After major restructuring over the last three years we believe that TT is well positioned to capitalise on good growth opportunities with realistic targets that support significant margin expansion in the coming years. We believe given its strategic positioning, further self-help opportunities and attractive valuation multiples the shares look undemanding. I Results summary: Revenues grew by 6.4% (7.2% at cc) to £591.3m driven by its key customer accounts and end market positioning. Increased volumes and operational ef ficiencies led to the margin expanding 130bps to 5.8% giving operating profits of £34.2m. PBT grew 43.2% to £29.5m giving EPS of 13.3p. The dividend increased by an impressive 47.8% to 4.4p. Cash conversion was strong and with disposal proceeds TT moved to a net cash position of £15.2m, compared to £9.9m of net debt last year. I Outlook: We expect a flat first half 2012 perfor mance given the tough comparatives and investment programme on new contracts won. The second half of 2012 should show good progress and drive a full year perfor mance in-line with our expectations. Despite macro-economic uncer tainties we believe TT is well positioned to make fur ther progress towards its stated targets. Management continues to target strong growth markets, increase penetration with major customers and identify fur ther cost base and operating ef ficiencies. Additionally, management has emphasised its desire to make bolt-on acquisitions. We estimate that TT has c.£100m of firepower. I Realistic margin targets: Management has set a margin target of 8-10% in the medium-ter m. We believe this is realistic given that there appear to be good oppor tunities to drive organic, and acquisitive, growth coupled with fur ther operational benefits. We estimate the margin expanding from 5.8% in 2011 to 6.7% in 2012 and 7.7% in 2013, exiting 2013 at its 8% target. I Valuation: The shares are trading on 2012 PER of 12.0x falling to 9.7x in 2013, a 27% sector discount. We believe that the shares should star t to trade in-line with the sector given its prospects and potential for margins to expand strongly over the next few years driving sector highBUY Cur rent Share Price 204p Target Price 250p Market Capitalisation £316m Shares In Issue 155m RIC/BLBG TTG.L/TTG LN Avg. Daily Volume (3M) 273,326 Net Cash (Debt) (12/12F) £26.6m EBIT ROIC (12/12F) 17% Broker Yes Cur rent share price(s) timed at 4:30pm on 14/03/12 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 220 200 180 160 140 120 100 Share Price (p) TT Electronics Relative to FTSE (ALL SHARE) Performance % 1M 3M 12M Absolute 18 62 21 Relative 17 45 18 Source: Datastream Analyst Scott Cagehin +44 (0)20 7260 1408
TT Electronics share price data is direct from the London Stock Exchange
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