Electrocomponents Share Discussion Threads

[bot53693752467] 15/6/2006 07:14

I see they are building a new £22m warehouse and offices in Fort Worth. So capex presumably will rise this year.

[b0tman] 15/6/2006 05:27

bots, just been studying the annual report. despite the weak share price, i remain convinced this is a fabulous company...

[botwoman] 13/6/2006 12:49

Interesting market, very thin volumes. Most investors must be hanging on for the dividend in two weeks.

[bot_man] 13/6/2006 08:58

yes, the yield is now 8.2% on an ex-dividend basis

[botman begins] 13/6/2006 08:31

Absolutely. Thats a very juicy 12.6p dividend coming up on June 28, and the shares trading on a yield now over 8% on an ex-dividend basis. Where else are there such yields in this market?

[bot_man] 12/6/2006 13:26

who cares about UK IP data. at 244.4p, ex the 12.6p divvy will be 231.8p, at which price the yield will be 18.4/231.8 = almost 8%!!!!

[bot53693752467] 09/6/2006 23:14

so much for UBS buy recommendation last month based on UK IP data...

Slowdown in industry adds to economic worries

Angela Balakrishnan
Friday June 9, 2006
The Guardian

Industrial production suffered an unexpected drop in April, official data showed yesterday, while Halifax reported slow house price growth in May, casting doubt over the strength of the British economy.
A sharp monthly decrease of 3.8% in the output of the energy sector was the main driver behind the disappointing performance in overall industrial production, which fell by 0.6%, almost reversing a 0.7% rise in March.

There was lower demand for gas and electricity supplies due to milder weather in April, the Office for National Statistics said. Manufacturing production also unexpectedly dropped by 0.2%.

"This gets the second quarter off to a very bad start, suggesting that production needs to rise by a robust 1% month on month in both May and June for industry to make a positive contribution to second-quarter GDP growth," said Paul Dales at Capital Economics. "April's weaker-than-expected figures support our view that economic activity is not strong enough to warrant higher interest rates."

Despite publishing figures this week showing manufacturing indicators at their best level for 10 years, the EEF manufacturers' organisation said much of this growth was based on exports while domestic demand remained more subdued.

John Butler, economist at HSBC, said: "It is interesting that the UK industrial sector is still struggling to show a genuine recovery despite the global environment and an improved domestic picture."

[bot53693752467] 07/6/2006 08:17

but look at the high PE and the falling gross margins. not to mention the slowing US economy and rising interest rates

[botwoman] 06/6/2006 10:02

worth a nibble? didnt think the results were so bad and 18.4p dividends- thats about 7.6% yield

[mr bean2] 05/6/2006 13:07

I would be very surprised is Private Equity is not running the slide rule over this one. Revenue growth of 9% looks pretty impressive, and is accelerating, while the share price has slid from over 300 to just over 250. Seems bizarre.

UK is recovering -4, -2, now flat, perhaps even growing shortly. Meanwhile International is expanding at 15%. UK is now only 43% of group. Asia and North America have rising margins. Balance sheet is not highly geared.

What more could a predator want?

[b0tman] 05/6/2006 12:55

yes the 12.6p divvy- thats about 5% of yield. ex-div june 28

[botman begins] 01/6/2006 12:43

Surely the margins must start fattening up if they can keep growing like this. And dont forget about the 12.6p dividend!!!!!!!!!!

[botman2] 01/6/2006 12:18

yes 9% growth is fantastic! just got to rebuild the margins

[bot_man] 01/6/2006 12:04

profits at top of range of forecasts apparently. and revenues of £828.5m appear to be £20m ahead of consensus. if they continue to grow at 9% thats more than £900m in the current year, but i suspect forecasts will move up more cautiously perhaps to £875m

[netcurtains] 01/6/2006 11:22

looks like a good year going forward.
European recovery and China.
Big demand for electical commponents.
Can you really lose?

Its not rocket science.

John

[netcurtains] 31/5/2006 16:56

so far so good....

well done net.

[netcurtains] 25/5/2006 13:14

I've just seen.
Looks a great punt.
I'm in.

John

[bot_man] 12/5/2006 11:26

results date is June 1, have to wait until then for divi news and dates

[botman2] 12/5/2006 10:38

AFX

A broker upgrade boosted shares in Electrocomponents, 7-3/4 pence stronger
at 270-1/2 as UBS upped to 'buy' from 'neutral', saying the share price and
trading prospects both show strong correlation with the UK's industrial
production which swung back into positive year-on-year growth in March for the
first time since December 2004.

[botman2] 12/5/2006 10:37

bhha2

final results may 26 last year, ex div jun 23 last year. management seem pretty determined to maintain the current dividend rate

[bhha2] 12/5/2006 10:28

BOTMAN2

when is the ex div date ie what day do you have to hold these to get the div

[botwoman] 12/5/2006 09:10

perhaps its the view they just have got far too cheap ;)

[botman2] 12/5/2006 08:43

nice 3% bounce today in a sliding market.... buying up for the juicy 12.6p annual dividend coming shortly? or are there rumours abounding?

[togo2] 04/5/2006 11:15

can anybody shed some light on this one?

[botman2] 29/3/2006 13:52

deutsche bank b*stards someone must know something