Electrocomponents Share Discussion Threads

[mach100] 19/4/2021 13:30

Electrocomponents could surprise positively, says Liberum
Risks are to the upside for Electrocomponents (ECM) after the electronic parts distributor delivered a stronger than expected fourth quarter, says Liberum.

Analyst Sanjay Vidyarthi retained his ‘buy’ recommendation and increased the target price from £11.00 to £11.70 on the stock, which rose 18p, or 1.7%, to £10.99 on Friday.

The analyst increased his full year 2021 profit before tax forecast by 2.8% and 2022 earnings estimate by ‘a cautious 1.6%, with continuing freight costs and [foreign exchange] weighing, despite the expectation of strong sales momentum’.

‘We think the risks are to the upside as the year progresses, given the strengths of the digital model. We expect further synergistic acquisitions,’ said Vidyarthi.

from citywire

[arja] 18/4/2021 19:45

chart shows lovely uptrend and NOR situation .As it has had a 4 day gapping up breakout , maybe some profit taking will occur this week before advancing further

[philanderer] 16/4/2021 13:42

Electrocomponents : awarded gold medal sustainability rating by EcoVadis

[krutt] 15/4/2021 13:54

Lovely steady rise on ECM - Wish all my holdings were like this.

[philanderer] 15/4/2021 10:29

LIBERUM RAISES ELECTROCOMPONENTS PRICE TARGET TO 1,170 (1,100) PENCE - 'BUY'

[philanderer] 13/4/2021 08:53

Positive update, may lead to broker upgrades.

[philanderer] 12/4/2021 00:00

Trading update tuesday.

[philanderer] 01/4/2021 10:24

DAVY INITIATES ELECTROCOMPONENTS WITH 'UNDERPERFORM'

[krutt] 22/3/2021 16:35

Thanks for the link Philanderer. ECM is one of my core holdings, thankfully the share price is showing great resilience! Pity all my other stocks are not performing as well as this one.

[philanderer] 22/3/2021 13:56

Resilience: Unlocking mfg growth & prosperity

Video interview with Emma Botfield, who joined RS Components in 2014 and has recently been promoted to the role of Managing Director, UK & Ireland.

[philanderer] 22/3/2021 11:20

ECIA welcomes the Electrocomponents Group as a global member

[philanderer] 18/3/2021 19:21

Director buying.

[philanderer] 13/3/2021 01:31

RS Components collaborates with Phoenix Contact South East Asia to provide factory automation customers with elevated end-to-end industrial control solutions across SEA

[philanderer] 01/3/2021 10:53

Can't get a secure connection on the website with my browser for today's acquisition

John Liscombe Limited

www.liscombe.co.uk

[philanderer] 17/2/2021 18:39

RS Components supports Schneider Electric’s platform for managing and controlling low voltage loads

[philanderer] 15/2/2021 15:01

Can it hold the 1000p ?

[philanderer] 12/2/2021 14:04

RS Components harvests solar energy in major expansion of European distribution centre

[philanderer] 10/2/2021 14:46

Electrocomponents partners with Engineers Without Borders International to put global responsibility high on the engineering agenda


[...]

[philanderer] 09/2/2021 14:15

Liberum backs Electrocomponents’ growth


The growth outlook for Electrocomponents (ECM) remains ‘excellent’ as the electronic parts distributor continues to take market share, says Liberum.

Analyst Sanjay Vidyarthi retained his ‘buy’ recommendation and increased the target price from 940p to £10.50 on the stock, which closed up 0.6%, or 5.5p, at 943p yesterday.

The group reported like-for-like sales growth ‘well ahead’ of the broker’s expectations in the four months to 31 January.

‘Mix and cost pressures restrain consensus profit upgrades but we increase our below-consensus full-year 2021 profit before tax by 1.4% and full-year 2022 [earnings] by 4%,’ he said.

‘Electrocomponents continues to take market share and we think that the longer-term growth prospects remain excellent.’

Vidyarthi added that the company is currently trading on 25 times estimated 2021 earnings, but he expects share price momentum to continue.

[knowing] 09/2/2021 10:51

JPMORGAN RAISES ELECTROCOMPONENTS TO 'OVERWEIGHT' ('NEUTRAL') - TARGET 1,103 (799) PENCE




LIBERUM RAISES ELECTROCOMPONENTS PRICE TARGET TO 1,050 (940) PENCE - 'BUY'




RBC RAISES ELECTROCOMPONENTS PRICE TARGET TO 925 (790) PENCE - 'SECTOR PERFORM'

[philanderer] 09/2/2021 10:02

JPMORGAN RAISES ELECTROCOMPONENTS TO 'OVERWEIGHT' ('NEUTRAL') - TARGET 1,103 (799) PENCE

LIBERUM RAISES ELECTROCOMPONENTS PRICE TARGET TO 1,050 (940) PENCE - 'BUY'

RBC RAISES ELECTROCOMPONENTS PRICE TARGET TO 925 (790) PENCE - 'SECTOR PERFORM'

[philanderer] 08/2/2021 11:34

And it's a good one. 😀👍🏼

[philanderer] 05/2/2021 14:25

Trading update monday

[philanderer] 03/2/2021 14:48

BlackRock duo back Electrocomponents for income

BlackRock Income & Growth (BRIG) managers Adam Avigdori and David Goldman are backing electronic parts distributor Electrocomponents (ECM).

In final year results for the £39m investment trust, the duo reported they had added the company to their portfolio of UK income-producing equities in anticipation of it returning to the ‘dividend list’ after suspending its pay-out in June.

‘The business has a strong track record of taking market share in highly fragmented markets,’ said the pair.

‘It also has a strong balance sheet and underlying cash generation gives the potential for significant growth opportunities. Additionally, we believe its end markets are well positioned to recover post-Covid-19.’

The managers said the ‘extreme market sell-off’ in March last year provided opportunities to ‘improve the quality of the portfolio and to recycle capital into businesses where we see stronger capital and dividend prospects in the medium-term’.

[philanderer] 20/1/2021 14:05

BERENBERG CUTS ELECTROCOMPONENTS TO 'HOLD' ('BUY') - TARGET 890 (880) PENCE