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
  -3.40p -1.07% 315.70p 315.80p 316.00p 317.60p 313.90p 317.60p 5,658,933 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 8,822.0 292.0 14.1 22.4 5,421.82

GKN Share Discussion Threads

Showing 2776 to 2795 of 2800 messages
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DateSubjectAuthorDiscuss
02/8/2017
14:17
MJ why are gkn so weak..?
3dwd
26/7/2017
09:11
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
mj19
08/7/2017
08:25
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.
alphahunter
30/6/2017
10:53
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.
alphahunter
29/6/2017
10:20
Has the Chinese takeover story entirely dried up for now? I haven't seen anything for a while.
finkwot
14/6/2017
16:18
A380, further cuts Auto, further slow-down Airbus UK supply chain Panmure, turns to SELL
alphahunter
27/4/2017
22:11
Maybe, but overpromising and under delivering is always punished. Better to be cautious, surely?
alan@bj
27/4/2017
17:03
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.
rogerrail
27/4/2017
15:24
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
alan@bj
26/4/2017
08:23
Skipped out first thing on slower growth forecast. Think it was the right decision - although have held these for years. At least, doubled money.
broadwood
21/3/2017
11:49
There was an article on the front page of the Sunday Times Business News this week which reported: "Engineering giant GKN is toying with a rare fix for its £2bn pensions black hole — raising £250m of debt to pump into the schemes." and stating that: "Fixing GKN’s pension deficit could be a catalyst for the industrial heavyweight to do more deals, by bulking up either its aerospace or automotive arms. City sources believe it could even open the door to a break-up of the company." But, at the end of the article: "GKN declined to comment." So, who knows whether the "toying" has any legs.
grahamburn
21/3/2017
10:36
Peel hunt raise 475....now let's hope we get the pension news
3dwd
13/3/2017
07:00
GKN Plc : Berenberg raises target price to 400p from 346p
alphahunter
08/3/2017
21:23
You mean you've sold half of your holding?
alan@bj
08/3/2017
19:04
GKN Plc : HSBC raises target price to 445p from 395p I've taken half the chips off the table today.
alphahunter
08/3/2017
08:56
Following Nissan's and Vauxall/Peugeot's comments, GKN would benefit for the need to onshore more components and strengthen the automotive supply chain in the UK. Talks of £100m fund to that effect.
alphahunter
01/3/2017
15:48
Good news. Good British company.
bonio10000
01/3/2017
08:12
GKN : *JPMORGAN RAISES GKN PRICE TARGET TO 410 (399) PENCE - 'OVERWEIGHT'
alphahunter
28/2/2017
13:12
GKN's sales and profits rose in the year to the end of December. On a management basis sales rose by 22% to £9,414m and operating profits were up 14% at £773m. Pre-tax profits were up 12% at £678m and earnings per share rose by 12% to 31.0p. On a reported basis, sales were up 22% at £8,822m, operating profits were up 4% at £335m and pre-tax profits rose by 19% to £292m. The dividend of 8.85p per share is up 2%. Chief executive Nigel Stein said: "This is a good set of results with GKN continuing to make underlying progress in line with our expectations. "We performed well against our key markets, overcoming some demand weakness and demonstrating once again the strength of our businesses, strong market positions and leading technology. "Strategically we made good progress, including smoothly integrating Fokker and completing the disposal of Stromag - evidence of our sharper focus on capital allocation towards Aerospace and Automotive markets. "We expect 2017 to be another year of further growth, helped by the benefits of the actions taken in 2016 and GKN's constant focus on continuous improvement."
broadwood
28/2/2017
11:15
Biggest rise since last July/AugustNice results
leadersoffice
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