Electrocomponents Share Discussion Threads

[philanderer] 12/8/2019 13:26

And now Hong Kong protests as airport is closed.

[philanderer] 07/8/2019 14:14

Taking a right old drubbing lately with this China business.

[philanderer] 30/7/2019 18:02

RS Components introduces high-quality and high-specification auto-ranging power supplies

[philanderer] 25/7/2019 12:42

Nice dividend into the account this morning :-)

[philanderer] 24/7/2019 18:29

July 24, 2019

RS Components introduces new MakerBot Method 3D Printer for rapid prototyping applications

[philanderer] 11/7/2019 00:18

RS Components introduces easy-to-use Tektronix oscilloscopes for debugging and analysis

[philanderer] 10/7/2019 12:41

10th july UBS buy tp 705p up from 650p

[philanderer] 09/7/2019 00:20

* Apple falls on downgrade, weighs on tech

Alliance News

[philanderer] 08/7/2019 16:15

Very disappointing performace. Should be support around 540p chartwise.

[philanderer] 04/7/2019 17:47

Numis: scope for growth at Electrocomponents

Numis is expecting electronic parts distributor Electrocomponents (ECM) to deliver ‘materially larger’ earnings in the medium term.

Analyst Julian Cater retained his ‘buy’ recommendation and target price of 945p on the shares, which fell 1.4% to 626.6p yesterday.

He said the group delivered a ‘resilient first quarter performance’ with sales growth of 4%, ‘which we attribute predominantly to market share gains in a more challenging economic environment’.

‘We continue to believe that the strategic initiatives and operational improvements management is pursuing will establish a materially larger earnings platform in the medium-term,’ he said.

[philanderer] 03/7/2019 08:57

Looks a good update.

Usual suspects ;-)

3rd july Shore Cap 'sell'
3rd july Liberum 'buy'

[philanderer] 28/6/2019 10:49

Trading update next wednesday.

[philanderer] 27/6/2019 18:10

27th june Barclays equal weight tp 640p up from 610p

[philanderer] 20/6/2019 18:02

RS Components Completes Nationwide 'Tour de Branch' Bike Ride to Help Fight the Injustice of Childhood Cancer

[philanderer] 12/6/2019 14:23

xd tomorrow morning for the 9.5p dividend

[philanderer] 04/6/2019 17:57

'RS Components launches RS platform across the Americas to enable easier design-in process for engineers'

[philanderer] 04/6/2019 12:20

New RS Pro food grade maintenance products launched for catering sector

[philanderer] 04/6/2019 00:08

More than £118bn is wiped off America's biggest tech firms amid fears over a major regulatory crackdown

[philanderer] 30/5/2019 17:19

Jefferies buys into Electrocomponents's expansion strategy, raises target

[philanderer] 29/5/2019 13:32

JP Morgan initiates coverage with 'neutral'... tp 591p

[philanderer] 23/5/2019 10:56

And China again .

[philanderer] 22/5/2019 12:21

updated:

22nd may UBS buy tp 650p
21st may Numis buy tp 945p
21st may Peel Hunt add tp 630p
21st may Shore Cap sell -
21st may Liberum buy tp 810p


21st may +++++ Results +++++

[philanderer] 21/5/2019 20:46

Investors Chronicle:

'Electrocomponents buys in margin uplift'

Electrocomponents (ECM), as its name suggests, should be a distributor whose performance is intertwined with aggregate demand within the economy. But if, as some economists believe, we are already on the down-leg of the cycle, then it certainly is not apparent in full-year figures that show like-for-like revenue growth of 8.3 per cent and a 110 basis point rise in the adjusted operating margin.


IC View
A decent showing, but it remains to be seen whether a reported slowdown in like-for-like revenue growth in the first seven weeks of its financial year heralds a definitive trend. For now, we think the market is up to speed. Hold.

Last IC Vew: Hold, 565p, 21 Nov 2018

[philanderer] 21/5/2019 12:20

Broker Numis estimated that sales per day growth in the first seven weeks of the new trading year has averaged around 5% and accordingly had left its headline P&L forecasts unchanged.

"Management has guided to a higher level of capex in FY20-21 to raise the capacity of the US and German distribution centres, increase the scalability of the technology platform and introduce greater automation. Crucially, it anticipates a mid-20s ROCE from these investments in the medium-term."

proactiveinvestors.co.uk