Share Name Share Symbol Market Type Share ISIN Share Description
GKN Plc LSE:GKN London Ordinary Share GB0030646508 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50p -0.43% 343.50p 343.70p 344.00p 345.90p 342.60p 344.40p 15,090,008 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 8,822.0 292.0 14.1 24.4 5,899.26

GKN Share Discussion Threads

Showing 2801 to 2820 of 2825 messages
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Chinese automaker Chery releases more details of its Frankfurt auto show SUV concept, saying it is drawing on established European suppliers’ expertise to aid its global expansion plans. “Europe is one of the most mature automotive marketplaces in the world and is home to the most demanding and sophisticated customers,” Chery says in a news release. “We are leaving nothing to chance to ensure our new model line is engineered to meet and even exceed expectations. “Our entire development program is driven by the philosophy to ensure we leave a very positive and compelling first impression.” Chery says it has commissioned some of Europe’s top suppliers in the development of its SUV which will be the first to bear a new hood badge for global markets. Germany’s Benteler helped design its platform to accommodate electrified powertrains, the all-wheel-drive system has been co-engineered with Dana and BorgWarner and the transmissions are supplied by and integrated with Getrag. Valeo adds various technologies such as the clutch and advanced driver-assist systems. Bosch is supplying the 10-in. (25-cm) touchscreen head unit and 7-in. (18-cm) touchscreen cluster display and also is responsible for various safety and engine management components. The LED headlamp and rear lamp units have been developed by Hella, while Continental is providing applications to support the vehicle’s electronic architecture. This drives the car’s connectivity features, security and convenience controls. Continental also supplies the tires for the 19-in. wheels. The new European model will be made available with three electrified powertrains: hybrid-electric, plug-in hybrid-electric or battery-electric. Chery claims its PHEV variant will reach 62 mph (100 km/h) in 6.0 seconds, with a top speed of 124 mph (200 km/h) and fuel consumption of 130 mpg (1.8 L/100 km). The battery should fast-charge to 80% in 30 minutes and reach full charge from a domestic 220-volt source in four hours. As part of its global expansion plans, Chery is planning new design and R&D facilities in Europe.
Splitting the business in two? That's what auto subcontractor Autoliv announced yesterday. Stock up 12% on the day as a result. " Sweden's Autoliv Autoliv Inc said it planned to split into two listed companies, with one focused on high-tech safety gear to capture the rapid growth towards self-driving vehicles, lifting its shares on Thursday. Autoliv is the biggest player by far in the market for safety gear such as airbags and seatbelts which generate the bulk of its earnings. It has yet to reach a dominant position in new fields such as radar, visions systems and driver assistance software that are key for development of self-driving cars. The company believes both businesses are undervalued and hopes the split will make them more appealing to investors."
Chart is curving back up! I went long again today
rogue trader3
A new CEO, North American (?) . The obvious consequence is that he will be a lot more open to a takeover approach. Other engineers Invensys, Tomkins and Lucas Varity are examples I can think of where this has happened.
Pan-European reg numbers for August well received this morning for listed auto part subcontrators...
Possible hit to GKN but not sure how big a part (if any) of their business -
GKN plc announces that Chief Executive Nigel Stein has informed the Board of his intention to retire.
GKN input to new development of laminar wing: hTTp://
Bits of newsflow a couple of days ago from Nissan and from the Chinese auto market, plus new EV powertrain help. I sold out fairly well back in March but hopefully the purchase at 323p might be even better. May this time the elusive Chinese potential buyers show their hands?
steady going here atm
Starting buying at these levels again (323p)
MJ why are gkn so weak..?
GKN's reported pre-tax profits rose to £559m in the six months to the end of June - 207% up on a year ago. The group said it was another period of growth delivering earnings momentum with sales up 15%. Profit before tax up 14% to £393m, helped by currency. Free cash flow of £116m. Interim dividend increased 5% to 3.1p per share. UK defined benefit pension closed to future accrual, £250m lump sum payment planned to address the deficit and reduce future deficit recovery payments
Bloomberg Say what you like about Volvo, whose vehicles are famously safe but boring, its staff certainly know how to write a press release. On Wednesday, the Swedish auto-maker declared the end of the “solely combustion engine-powered car” and trumpeted how from 2019 all of its cars will have an electric motor.To be clear, that doesn’t mean Volvo -- owned by China's Geely Automobile Holdings Ltd. -- is about to do away entirely with petrol or diesel engines, nor will it sell only fully electric cars, a la Tesla Inc.While Volvo does plan several battery-electric models, many of its vehicles will still have a combustion engine. The difference is that, from 2019, all will be assisted by an electric motor to make them more fuel-efficient. So-called "mild-hybrid systems" use an electric motor to support propulsion from a combustion engine, whereas "plug-in hybrids" let a car run fully in electric mode for a while. Volvo will sell both. Volvo’s announcement is environmentally pleasing, but its suppliers are probably the biggest winners. Cars that need both combustion engines and electric motors are a win-win for the autos supply chain because there’s potential to contribute a lot more technology in each vehicle.Take France's Valeo SA, which thinks the stuff it supplies for the powertrain of a high-voltage, plug-in hybrid is nine times more valuable than in a regular car. For pure electric vehicles, it's just seven times as much. That’s not bad either, but it suggests hybrids -- which last year made up about 2 percent of Europe's car sales -- are the supplier sweet-spot.This extra sales opportunity is one reason Valeo shares trade on almost 14 times earnings and Germany's Continental AG fetches almost 12 times. In contrast, prestigious customers such as BMW AG and Daimler AG trade on barely half that. ELECTRIFIED SUPPLIERS There’s a catch, though. While a few golden years beckons for suppliers, the plug-in hybrid era probably won’t last too long. From a cost perspective, it’s a bit daft to have both an electric motor and a combustion engine in the car. Berenberg analysts think electric powertrains could be priced the same as hybrids by about 2021 and will be as cheap as combustion engines by 2025. Indeed, Volkswagen AG says as many as one-quarter of its sales will be fully electric by 2025. That's when some of the hybrid magic might wear off. Suppliers could face new rivals and carmakers may decide to bring more powertrain work in-house, if only to give employees who built combustion engines something to do.Technologies like fuel-injection and exhaust systems, which suppliers build for petrol and diesel vehicles, will become obsolete too (see my recent piece on Germany's Schaeffler AG).So hybrids look destined for a far shorter lifespan than the world-changing combustion engine. Suppliers may look back at Volvo's announcement as the very best of times.
Haven't heard anything for a while - nor have I about their pension obligations. Stock & sector under pressure from auto peer's PW, and GS cut in PT.
Has the Chinese takeover story entirely dried up for now? I haven't seen anything for a while.
A380, further cuts Auto, further slow-down Airbus UK supply chain Panmure, turns to SELL
Maybe, but overpromising and under delivering is always punished. Better to be cautious, surely?
I don't disagree with this analysis, the problem is the announcement sounded a little downbeat which I put down to civil aerospace transitioning to new models and problems such as on the P&W A320 engine, but with further ramp up of new models , the board should have painted a much brighter picture for the medium term.
From The Times "Tempus" column today:- GKN There is a strong argument against quarterly reporting, especially for a company such as GKN that has a number of moving parts, selling into the automotive and civil and defence aerospace sectors. The market can take too much from one set of data that may not reflect the real long-term picture. GKN therefore took the decision not to report actual numbers for the first quarter of this year, even if the trajectory across the business is generally positive. The company is well positioned to supply the four-wheel-drive market and it is already contributing to the F-35 Joint Strike Fighter programme in the US. Aerospace, though, in the first quarter was probably the weakest performer while its Driveline business, which supplies the four-wheel-drive market, did better than expected in what was a strong period for the industry as a whole. GKN can therefore be expected to continue to beat the overall performance in the automotive industry, where production is set to grow by a muted 2 per cent this year. The earlier acquisitions of Volvo and Fokker will continue to perform and analysts are expecting a further 10 per cent rise in revenues this year. The shares fell 6½p to 359½p. They were already up by 10 per cent or so this year, and the market appears to have taken to heart some cautious comments that the rate of growth in the first quarter may not be sustained. GKN is the classic macroeconomic play and, on ten times earnings, the shares do not look overly expensive. My advice Buy Why Prospects for the current year look solid enough
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