Ultra Electronics Share Discussion Threads

[m.t.glass] 24/7/2006 08:42

Another day, another contract..

"..Ultra Electronics Holdings PLC said its precision air systems
business has been awarded a 27 mln stg contract to supply its HiPPAG on-board
compressors for Tranche 2 of the Eurofighter Typhoon programme..."

[m.t.glass] 21/7/2006 14:59

"..Shares in Ultra Electronics were again in focus after denying
Finmeccanica was considering bidding for the company, but which UBS said
highlighted the UK defence technology group's appeal to potential suitors.."

[m.t.glass] 27/6/2006 08:52

Among the premarket comments earlier:

"..Recent share-price weakness provides a good opportunity to buy into defence group Ultra Electronics says the Telegraph. Ultra shares are trade on 17 times forecast earnings for the year falling to 15.7 times in 2007. This is not a bargain, but cash generative Ultra is worth backing..."

The Telegraph also has a lengthier positive piece on Ultra at

[m.t.glass] 10/4/2006 15:14

10.7p divi payable to those onboard at close tomorrow.

[Abuse team] 23/3/2006 17:33

Post removed by ADVFN

[cat] 23/3/2006 17:32

looking very interesting

[broadwood] 23/3/2006 16:31

Blimey what's happened. Can't see any announcements.

[exeng] 21/3/2006 07:44

Director buying a decent chunk - 11912 shares - a healthy sign

[broadwood] 01/3/2006 16:19

Thats more like it - useful rebound .
Results were good enough.

[m.t.glass] 28/2/2006 10:18

Robert Cole ('Tempus') in The Times this morning:


Ultra Electronics

FOR MOST of its ten-year existence as a public company, Ultra Electronics has struggled to attract attention. Regular readers of this column will know the company and if shares were bought in line with the recommendations made, they will have made some tidy profits. Since every £100 investment made at flotation in 1996 has turned into £500, few long-term investors will forget about the company. But Ultra's public profile was boosted no end when QinetiQ, the defence equipment company, started knocking on investors' doors.
Ultra and Qinetiq are hardly identical twins, but there is more than a passing resemblance. They are both defence equipment suppliers and technology plays an important part in the kit they produce. It was, therefore, sensible to compare Ultra and QinetiQ for purposes of valuing shares in the latter company. What was not sensible was to assume that the shares in the two companies should sit at similar ratings.

Ultra has worked hard to demonstrate that it can deliver handsome earnings and dividend growth over an extended period. There was more of the same yesterday as Ultra posted full-year results. QinetiQ may be a much-improved company, but it is surely impossible to suggest that it has a proven track record like Ultra's.

For Ultra shareholders, this might not matter if it could be assumed that comparison between the two will come to an end. And it will not matter if QinetiQ delivers flawlessly from here on. But if QinetiQ does slip up, and it might, there is a risk that Ultra shares will suffer because it is assumed it is similar and will be hit by similar problems.

The record, underlined by yesterday's figures, suggests it is unlikely that Ultra will disappoint on its own account. It was especially gratifying to see the 27 per cent rise in the value of the forward order book. That suggests that further dividend increases in the order of the 15 per cent seen yesterday, may come. Ultra shares, which give a dividend yield of 1.7 per cent, are dear. But investors should assume that the underlying quality of the company will shine through in the long run. Buy.

[dr knowledge] 27/2/2006 13:07

Aw no.....not another 12m contract! getting boring. ;-0

[m.t.glass] 21/2/2006 08:26

Pushing up well ahead of results next week

[m.t.glass] 06/2/2006 11:26

Too early to call this a new closing high - but meanwhile a new alltime intraday high

[m.t.glass] 12/1/2006 07:50

No shortage of activity lately. Here's the website of Polyflex Aerospace, at Cheltenham, which Ultra has now bought for £4million:

A specialist in high pressure pneumatic components.

[m.t.glass] 09/1/2006 13:16

Numis Keeps Ultra Electronics Add Rating

Monday, January 09, 2006 5:11:19 AM ET
Dow Jones Newswires

0853 GMT [Dow Jones] Numis reiterates add on Ultra Electronics (ULE.LN) with a 1075p target. Notes Ultra has announced a raft of new contracts worth around GBP100M. "The five new contracts come from a long list of prospects already identified in Ultra's core business areas and where we would expect the company to have a high win rate." At 17.6x 2006 EPS falling to 16.0x, "Ultra remains the most expensive stock in the sector and in our view, justifiably so." Reckons it's a high-quality, relatively low-risk play on the fast-growing defense electronics sub-sector. Trades +1.0% at 1003p. (SMT)

[m.t.glass] 09/1/2006 08:57

1150p by spring, 1250p by mid-summer?

[allstar4eva] 09/1/2006 08:48

Any price targets?

[m.t.glass] 09/1/2006 08:30

Topped up PEP account. Added a March sbet.

[dr knowledge] 09/1/2006 08:23

LOL! Looks like it's still only the two of us though on here......put the kettle on (probably a few more contracts will pop in whilst she boils!)

[m.t.glass] 09/1/2006 07:50

Hard to keep count of this many contracts!

[m.t.glass] 22/12/2005 20:27

I might have to edit that quoted target in the header soon ;o)
Today's rise partly due to coattailing Bae(BA.) contract news, but looking pretty solid all year in its own right. Up more than 40% in 2005 so far and 30% last year.

[dr knowledge] 07/12/2005 14:30

Great attempt at a break-out! ;-)

[m.t.glass] 22/11/2005 15:43

OK. Following my 30 Sept post. I don't object if it wants to go past 930p this time. Or even past 940p ;o)