Electrocomponents Share Discussion Threads

[tom111] 14/11/2011 07:06

GREAT RESULTS.

[electronica] 11/11/2011 18:02

Doobz

Definitely confirmed for the 14th Nov.

Let's see what Monday brings us. I'm expecting "surprising" (to the City) demand strength & moves in the right direction on costs & eCommerce.

[doobz] 11/11/2011 15:53

Can anyone confirm the date of results please, I've got down the 14th Nov??

[thorpematt] 13/10/2011 10:14

So RS picked up the award. (thought they would)




I for one got an e-mail via the business I work for (and have been getting lots in the run up too), so some good publicity no doubt.

Importantly I think the website IS improved and market leading - which is where it should be.

Other winner (such as John Lewis), I know work with partners such as Sitel for customer services. What interests me is how the market place is evolving in this respect. Very important to stay in front.

[tom111] 13/10/2011 08:20

Bought in yesterday looks as if this has been oversold

[pallett] 03/10/2011 08:16

That trading statement looks good enough, I'm in for some more, a current PE of 10 does not look demanding.

[lefrene] 20/9/2011 11:14

Is that a pennant I see forming before my eyes?

[lefrene] 15/9/2011 14:26

johnsoho, I always have a similar feeling when taking the plunge. I bought 10k today. I like the geographic spread and the amazing track record. This at least is a business where the management truly know their business.

[johnsoho] 16/8/2011 16:26

Normally the kiss of death for a share BUT I have just purchased my first holding here; This company appears to be making nice progress and having read their Interim management statement dated 15th July and noting that they pay a fairly nice dividend.....I'm in!!!!!

Best of luck to all holders.

[tommy51] 26/7/2011 08:05

Nice write up in the Scotsman today , this is not the full article but a good summary :

Electrocomponents latest trading update was awaited with some nervousness after disappointment from one of its principal competitors.

However, this proved unduly cautious and the statement was reassuring.

One recent development is DesignSpark, a website designed to bring together engineers. The service includes free software so its customers can design three-dimensional models for new systems and, once the design is completed, identify the serial numbers for each component, making it easy to order the parts.

The recent setback in the share price has left Electrocomponents on an undemanding prospective price-to-earnings ratio of less than 12 and offering a dividend yield of close to 5 per cent. This could be an opportunity to conduct further research on a first class company at the core of global economic activity.

Electrocomponents
239.3p -1.3p
Scotsman says BUY

[nellie1973] 18/7/2011 20:09

Tipped in press:


Electrocomponents' shares have lost one-fifth of their value since Questor in the Telegraph last said buy – but these falls look overdone, Questor believes. Friday's statement was reassuring. The main cause of the recent slide was some dire results from Electro's peer Premier Farnell. Sales growth has seen something of a slowdown at Electrocomponents too – but nothing to get spooked about – especially as there were strong comparators.

As an analyst at Seymour Pierce said on Friday: "If proof were needed that the recent problems at Premier Farnell were of their own making and unrelated to deterioration in market conditions, it was provided in today's trading update from Electrocomponents."

It is also important to note that, since Questor last gave an update on the company, consensus for revenues, profits, earnings per share and the dividend have all moved materially higher. The shares are also yielding a safe 5.2%, so this should support any downside. First tipped on July 19 2009 at 140½p and trading on a current-year earnings multiple of 11.3, falling to 10.1, the shares remain a buy at 238.7p, the Sunday Telegraph says.

[tsmith2] 15/7/2011 13:05

hopefully an afternoon fight back..

[sleveen] 15/7/2011 11:49

i sold @255p last week for a small loss when PFL issued the PW.

bobsidian...Is this not what resembles the beginnings of a bear market....quite possibly hence my sell last week.

[bobsidian] 15/7/2011 10:01

Eh ?

So what is the stockmarket saying ? After PFL we do not believe what you are saying...the past is not the future..."not being immune to the current economic climate" is enough to sharply sell off the share.

Yet another share in yet another sector decisively breaking down through an uptrend developed since 2009.

Is this not what resembles the beginnings of a bear market ? Of course the best shares tend to be the last to be sold off under just such a scenario.

[and1] 15/7/2011 10:00

egg on goldman's face downgrading this excellent share. i wonder if they and others like them are behind this unexpected drop after rising on excellent news to 262p. there is a lot of manipulation in these shares, eg TSW, RPC, LRD, all fall hevaily before being lifted stratospherically. If the big boys have been caught napping then they still win, until they are in on the action at a good price the share will be kept down.

[ukinvestor220] 15/7/2011 09:53

....... and breathe Out ......

[pallett] 15/7/2011 09:38

Well I'm in for some more, this is just silly on that update!

[huntie2] 15/7/2011 09:23

these shares are complete tarts!cannot understand!

[ukinvestor220] 15/7/2011 09:10

looks like the sell bots are still switched on ... when they break off it might spring back. The fall was related to PFL gloom, which this statement has now dismissed.

0710 GMT [Dow Jones]--Seymour Pierce upgrades Electrocomponents (ECM.LN) to buy from add, on valuation. Says the company's trading update Friday shows that the recent problems at rival Premier Farnell (PFL.LN) were of its own making and unrelated to a deterioration in market conditions. Says group revenue in the three months to June grew by 14%. Adds the group continues to gain market share from smaller competitors and reap the benefits of strategic initiatives. Says Electrocomponents' share price has fallen sharply on the Premier news, and now represent a strong buying opportunity. Shares +6.4% at 260p. ([e-mail])

[tommy51] 15/7/2011 07:56

Well this looks very good to me , wonder what the market reaction will be :

ELECTROCOMPONENTS PLC

Interim Management Statement

Electrocomponents plc, the world's leading high service distributor of electronics and maintenance products, has today issued its first interim management statement for the year ending 31 March 2012 which covers the first quarter ended 30 June 2011

The business has made a good start to the financial year.

In the first quarter Group revenue grew by 14% year on year, the International business grew by 17% and the UK by 8%. Within the International business Continental Europe grew by 17%, North America by 16% and Asia Pacific by 15%.

In the month of June Group revenue grew by 11% year on year, the International business grew by 12% and the UK by 8%. Within the International business Continental Europe grew by 12%, North America by 13% and Asia Pacific by 12%.

We have continued to benefit from the implementation of our strategic initiatives and are gaining market share particularly from smaller distributors who cannot match our offer and service.

Within the quarter electronics has grown by 16%, benefitting from the launch of 10,000 new products. We recently announced our new and groundbreaking PCB Converter for Google SketchUp, the world's most popular free 3D design tool. This allows electronics designer engineers to transfer their electronics circuit designs into a 3D CAD environment.

Maintenance has grown by 13%, also benefitting from the launch of 5,000 new products. Our control and automation technologies and products promoted with our strategic supplier partners have performed particularly well.

eCommerce revenue grew by around 30% with our Asia Pacific business reporting eCommerce sales growth of over 60%. We are making significant changes to our Group websites around the world which are transforming our customer online experience making the process of finding products clearer, faster and easier. eCommerce share exited the quarter at 53% of Group sales as we progress towards our target of 70% of revenues coming from eCommerce.

There have been no significant changes to the Group's financial position during the period.

Ian Mason, Group Chief Executive, commented:

"We have made a good start to the financial year with 14% revenue growth and 30% eCommerce growth. With more than half our revenue now on the web we are well on our way to becoming an eCommerce centred business.

Our strategy is delivering growth across all regions and we are continuing to invest in the business. We are strengthening our electronics range while driving our market leading offer for maintenance engineers. Our focus on innovation to improve the experience of our customers, particularly through the web, is underpinning our revenue growth.

While we have made a good start to the year, we are also mindful of economic conditions. We will continue to implement our strategy and drive long-term structural growth."


Enquiries:

Ian Mason Group Chief Executive 01865 204000
Simon Boddie Group Finance Director 01865 204000
Nigel Main Group Corporate Communications 01865 204000
John Sunnucks/
David Allchurch Tulchan Communications 020 73534200

Notes:

All revenue growth rates are adjusted for trading days and foreign exchange rate movements.

There will be a telephone conference call today at 08.00h for analysts and investors with replay access to 29 July. Dial in instructions are set out below.


Electrocomponents plc - Conference Call Dial in Instructions

Date: Friday 15 July 2011
UK Time: From 07:50h for 08:00h call

Telephone number: [phone]
PIN: 80629893

Chairman: Ian Mason


Electrocomponents plc - Replay Dial in Instructions
(available until Friday 29 July 2011)
Telephone number: [phone]
PIN: 80629893#

[sleveen] 08/7/2011 11:13

fuse blown?

[sleveen] 07/7/2011 12:42

AGM next Friday 15.7.2011

[sleveen] 07/7/2011 11:15

Premier Farnell plc, the leading distributor of products and services to
engineers and purchasing professionals globally, announces an update to
investors following the close of its June trading period.



After two full months of trading in the second quarter year-on-year sales
growth for May and June combined was lower than our target range of 6-8%, at
1.4%. Although June sales per day were stable with May, this performance
reflects a marked moderation of growth rates in all global markets during June,
particularly Europe and North America, and compares to the strong performance
reported in Q2 last year when we delivered growth of 30%.



As a result of the rapid change in the global business environment since our
last statement, and recognising the limited visibility in our business model,
the Board now expects that second quarter revenue growth will be less than the
targeted range of 6-8% over the prior year.



It is now apparent that significant inventory purchases were made in April and
early May by industrial and technology customers to service their underlying
demand following the Japanese earthquake. In light of the global slowdown this
inventory is now likely to take longer to be utilised before purchasing returns
to more normal levels.



We continue to invest in our customer proposition to take advantage of the
growth opportunities inherent in our strategy. This strategy has successfully
delivered growth by increasing customer numbers, focusing on the web, achieving
cost efficiencies, and growing the EDE and specific MRO segments in mature and
developing markets. Importantly our gross margins remain stable and we continue
to acquire customers in-line with our target, through increased year on year
web penetration.



This strategic investment will be managed in line with current activity levels
and further supplemented by cost savings and an even greater focus on
efficiency to ensure the business is appropriately structured for the future.
Our continued business transformation, with an increased focus on the lower
cost web channel, enables us to take steps to reduce our costs faster and more
efficiently than before in response to the difficult market conditions. As we
did successfully when markets last slowed we will now accelerate and intensify
the execution of our reshaping and cost reduction programmes.



We anticipate that the benefits of these cost actions during the balance of the
year will mitigate substantially the impact of the lower sales growth rates,
and therefore the Board continues to believe that Premier Farnell will deliver
profitable growth this year, albeit marginally lower than our previous
expectations.

[jon827] 07/7/2011 08:33

PFL Priests for Life ?

[eithin] 07/7/2011 08:31

PFL.......