Cookson Share Discussion Threads

[bigbigdave] 27/1/2011 09:28

Cheers CR, there's the break past the previous high.

[cockneyrebel] 27/1/2011 07:46

The rebound in the world's steel and electronics markets bodes well for Cookson, the industrial materials group which issued an update yesterday. Prevailing strength and punchy targets promise to underpin gains in Cookson's shares, which also boast an undemanding rating. In fact, they are positively cheap, trading on multiples of less than 10 times forecast earnings for this year, according to Evolution. Buy, says the Independent.

[grigor] 26/1/2011 23:28

Good Trading statements from Cookson, Renishaw and Hamworthy - Common thread is emerging markets

[dizzylizzy2] 26/1/2011 16:26

Management seems very confident indeed and the divi is a good sweetner. glad I held although i sold a few yesterday, arghhhh.

[bigbigdave] 26/1/2011 16:15

Breakout on the cards tomorrow methinks.

[doubleorquits] 26/1/2011 13:34

Yep - I'm quite impressed with that announcement today.
Looks to me that we are looking at an EPS of 66p or so which puts them on a PE of just below 10. Management then confident enough to say that 2011 will be well ahead of 2010 so that PE will fall again with debt levels reducing.

In the good old days these traded on a PE of around 17 and the present level holds up against both market and sector.

On a forward PE of 12 and forward EPS of 70-72p, neither which I think are unreasonable, 850p looks a reasonable target in my book. And on a PE of 17............well worth a thought....... :0)

[kazz] 26/1/2011 12:08

Cheers BBD

[bigbigdave] 26/1/2011 10:30

Here's why

[dizzylizzy2] 26/1/2011 10:29

i'm wondering too. happy days ahead it seems

[kazz] 26/1/2011 10:27

Doing well today.

I wonder why?

[rwlly] 12/1/2011 13:29

Seem to be having a bit of a tree shake at the moment?

[limit up] 11/1/2011 14:27

yes ,est approx 2.5% yield..

[dizzylizzy2] 11/1/2011 11:16

Did I also read somewhere that the co intends to return to dividends payments this year?

[crawford] 04/1/2011 14:03

Panmure Gordon (PG) says that engineer and ceramics group Cookson appears undervalued versus the sector and upgrades forecasts, but remains prudent on valuations over the full year.

The broker has raised Cookson's 2011 revenue estimates by 5% to £2.55bn, with the uplift expected to be driven largely by the Ceramics division.

Analyst Oliver Wynne-James says that "Despite being able to disappoint on drop-through and cash flow generation, we expect the shares to fare well during the first quarter in 2011 with help from momentum in Foundry and from the "firing-up" of Chinese steel industry."

While PG narrowly retains its 'buy' recommendation on the stock, it notes that the shares can be treated cruelly after each Spring and so the tendency to take profits should rise as the year progresses.

For the time being, the broker raises its target price from 670p to 730p on the back of an upgrade in projected turnover.

[montyville2] 28/12/2010 13:08

I really think these are heading for 850p by the time results come out. Not in a straight line or a by a massive correction but that is my target. Profits are growing in my view and they are under valued in my view. GLA

[rwlly] 28/12/2010 12:41

Where to noww,any ideas?

[rwlly] 12/12/2010 12:52

Who knows, MMs might use as an excuse for a tree shake?

[robertfaulkner] 11/12/2010 08:47

Cksn have had a really good run of late.

How will latest increase in deposit requirements in China (to damp down China's inflation and Property bubble) effect Cksn share price on Mon/Tue?

If China was to actually increase the bank interest rates in next couple of days would that really cause a big drop in Cksn?

[bobsidian] 29/11/2010 19:27

CKSN is a mightily impressive share.

But the warning is that it will go the way of the broader markets.

The charting pattern of the S&P500 is worthy of note. It may - and I do stress may - be crafting a near term double top formation which has been developing over the last couple of weeks and is doing so whilst testing its 50 day SMA. If it breaks through that support level then a relatively swift 4% move to the downside may follow to test its 200 day SMA. Such a move would doubtless drag CKSN back down to test the £5.00 level and on so doing give the appearance of the development of a triple top formation for CKSN.

All eyes on the S&P500 methinks.

"Go away in May and come back in September" seems to have worked this year with equity markets rising throughout September and October - months better known for falls rather than rises. And indeed any tumble by indices in the near term to retrace that move may provide a good set up for the Santa Claus rally before details emerge of the health or otherwise of the Christmas spending season in early January 2011.

[zangdook] 22/11/2010 10:20

ISTM they've got that funding fairly cheap. Perhaps we can now recover from our post-IC fall.

[qs9] 17/11/2010 21:25

looks like it may have found is "bounce" level....lets see

[choppa] 12/11/2010 11:59

Tip of the week in this weeks IC.

[on the up] 11/11/2010 08:29

Well, hands up that I didn't expect down by 6.75% after 30 mins......time for a bounce, but will that be at 500p?