Electrocomponents Share Discussion Threads

[jackrussel] 05/11/2002 23:11

Morning/evening all, just got back post fireworks...hic !
Good luck tomorrow

Long ANGL,AXD,DFS, HOL, MCA( probably a mistake ), small short ECM ( expecting a p/w )

[red army] 05/11/2002 22:51

short regus

[m_p_h] 05/11/2002 22:37

Hello all, good luck tomorrow.

[snaptastic] 05/11/2002 11:17

just gone short, think it will tumble again today pre results and could do a ARM tomorrow possibly... Think institutions may dump big style pre announcment tomorrow. market for their products cannot have got any better lately.

[dazzleer] 04/11/2002 16:20

Finally, going in the correct direction. I am short at an average of 265. Was worried when they seemed to be breaking through 280, but now back down prior to dismal (hopefully) results on wednesday. Can`t see results being any different from their september trading statement.

Was it the general rally that pushed them up over the last few weeks, or is there something I don`t know about?

[chapman123] 25/10/2002 20:57

profits expected to be around 100M cannot see this myself expect them to hold divi so could tay around this level imho not worth much more than 200p

[dazzleer] 22/10/2002 08:22

Anyone any news on ECM. Looks a good short too me at this level. Seems to struggle to break 270.

Maybe spoke too soon 274.

[hypeuk] 10/10/2002 15:12

Avnet warned today...another pig bites the dust. Also just got downgraded by S&P, one notch from junk. BOOOOOOOOHOOOOOO

[hypeuk] 10/10/2002 11:31

US comparisons fallen off a cliff last 5 trading days...Avnet (AVT) down more than 50% & Arrow (ARW) down more than 35%...on the back of negative comments from UBS new coverage on the stocks which raced several valid arguments that points to severe probs in the sector. Obviously port situation in the US must have had some effect on underlying trading State-side...but more relevant is the slow-moving economy in Europe. Books for the interim half closed end of Sep & results are due sometime in the beginning of November. Last profit warning came at end of September so doubt that conditions has changed for the better when they are publishing results Nov 6. Following the profit warning, Merrill commented that the mkt conditions for the electronic component distribution industry is the worst in 30 years...put that in the context of its current rating (17x forward PE) and previous recession share price low of 96 pence...and I see 50% downside in the stock. Think the shares can bottom out around 10x Mar-04 earnings per share. As I think eps for 04 will be taken down to 9-10pence/share from current expectation range of 13.6-18.6p/share and a bottom valuation of 10-11x eps, my price target is 100pence.

See you below.

[chapman123] 29/9/2002 21:55

profits and sales in reverse could see 200p no sight of return just wait till they cut divi ???

[spikkymikky] 19/6/2002 14:18

alard

ok...but i don't get it: it's fallen from over 600p and everybody says the same thing: solid company. It might well be solid...but somebody has been shorting it...

Any idea on what the price action will be tomorrow?

[alared] 18/6/2002 18:43

SPIKKY:ECM goes ex div tomorrow,the div being just under 10p a share,an increase on last year incidently.The share price could be expected to drop by the same amount,also it gets booted out of the ftse on Friday,but the trackers have mostly sold in advance I expect.Make no mistake this is a good solid company,not a tech share,it made £108m profit at year ending March 02.As for how low it will go,I can remember it touching 325p about 3.5 years ago and 375p last Sept,between those dates it also went to 830p.Having said all that, when things pick up and companies start ordering more spares the share price will pick up.I will be watching closely and will certainly be a buyer.How low will it go?how longs a piece of string?

[spikkymikky] 28/5/2002 22:09

200p but 350 tomorrow

[spikkymikky] 22/5/2002 08:09

ECM openeded now 400p today

[alared] 15/5/2002 11:39

Spikky:This share has fallen from 500p over the last four weeks,is the anticipated drop from the FTSE priced in now,if not, what do you see as the next support level and ultimate low?

[spikkymikky] 13/5/2002 11:03

alared

.....will be interesting to see what teh results are like on the 29th...the sector is dragging it down...but ECM has also lost plenty of revenue as the sectors it is supporting are in dire straights...

[alared] 13/5/2002 09:06

What has always concerned me about ECM is the way some seem to think of it as a "tech" stock (in the broadest sense).It is in support services, it distributes electrical components,it manufactures nothing,it makes profits and pays a good div.It`s share price peaked at 830p when it entered the Ftse two years ago and has virtually halved since.Maybe being dropped from the 100 will do it some good!Simple truth is when the economy picks up so will the share price,hopefully from it`s current level.

[spikkymikky] 13/5/2002 07:25

Pat O Hat

alard

...good points....I'm just thinking about ECM and then Logica...look what happened to logica...you could be right though...HSBC Bank have issued a statement saying they are interested in quite a few shares...however, the chart basically says that the price is falling and keeps falling...althogh a good company no doubt...I just would hate to miss a £1 fall on ECM after results on 29th May following VODs on 28th...

LONDON (AFX) - Shares in Premier Farnell PLC dropped back in early afternoon
trade, reversing an opening tick higher, tracking the easier market trend and
impacted by news of a downgrade in stance by Commerzbank Securities, dealers
said.
At 12.38 pm, Permier Farnell shares were 7-1/2 pence weaker at 334, with the
FTSE 250 index down 2.9 points at 6,184.0.
The German-owned broker said it has cut back its stance on the second line
distributor of electronics components to 'hold' from 'accumulate' after turning
"more lukewarm on the stock".
Commerzbank said it believes that valuing both Premier Farnell, and its blue
chip peer Electrocomponents PLC per region suggests neither stock is a bargain.
The broker noted that Premier Farnell's limited presence on the Continent
and in Asia restricts its higher-rated earnings streams, while, in its view,
Electrocomponent's valuation is held back by the performance of its RS UK unit.
Commzerbank said it has maintained its 'reduce' rating on Electrocomponents,
with a 440 pence share price target.
However, UBS Warburg initiated coverage on Electrocomponents today, with a
'buy' rating and a 550 pence share price target.
In reaction to this two-way pull, Electrocomponents shares at 12.38 pm were
0-1/2 pence easier at 469, with the FTSE 100 index 10.1 points lower at 5,211.4.
jmh/rn

Anyone know what caused the last drop from 469 to current price of 430?