GKN Share Discussion Threads

[philo124] 21/11/2014 19:01

Run up to 360p poss.

[matt123d] 21/11/2014 14:21

Very nice trade. Powerful when the momentum hammers kick in. SPY has a measured move from yesterday of 206.78. Currently above there now so you've had a nice sale up at these levels. December will be very interesting. GKN 335p looks the level.

[leeson31] 21/11/2014 10:59

matt: just closed my spx long for 60 points target:


Leeson31
31 Oct'14 - 20:25 - 2041 of 2047 0 0 edit

Matt, given the bullish hammer close on the monthly sp500, id say were on for a min of 60points in nov.

Short euor dollar, long yen, lomg usd cad, too. :)

Sorry off topic.

Cheers,
--------------------------

closed my yen short y/day morning at 715am at 118.95 (closed my eurodollar and cad trades earlier in the month for tiny profits)

great month!


Engulfing month now on SPX ??

GKN flying! i didnt buy any though, was too busy with indices and fx.

Cheers,

[matt123d] 21/11/2014 10:52

ES futures hit the weekly triangle on that China news. SPX has more room to 2082.

[philo124] 18/11/2014 21:35

Been quite a while in the doldrums.

[matt123d] 18/11/2014 17:35

Nice move so far. Top of the daily triangle is 2050.88.

[matt123d] 06/11/2014 22:17

SPX takes out the prior months highs to confirm the momentum monthly hammer. Let's see how far they can take it, weekly triangle at 2072 would be really painful for shorts.

[cockneyrebel] 04/11/2014 19:29

Credit upgrade:

The following is a press release from Standard & Poor's:

-- U.K.-based auto supplier GKN Holdings' credit measures are expected to
improve steadily, and we believe that the company will exercise a conservative
financial policy, notably with regards to acquisitions.
-- The expected improvement in credit metrics is a reflection of higher
operating profitability, reduced leverage, and solid free cash flow generation
after ordinary dividend payments.
-- We are raising our corporate credit rating to 'BBB-' from 'BB+' on the
company.
-- The stable outlook reflects our belief that GKN will continue to
maintain credit metrics consistent with our "intermediate" financial risk
profile assessment including adjusted funds from operations to debt of more
than 30% and adjusted debt to EBITDA of less than 3x. Also, we don't expect
the company to make any material acquisitions that would weaken credit
measures.

FRANKFURT (Standard & Poor's) Nov. 4, 2014--Standard & Poor's Ratings Services
raised its long-term corporate credit rating on GKN Holdings PLC (GKN) to
'BBB-' from 'BB+' by revising its financial policy modifier to 'neutral' from
'negative'. The outlook is stable.

The upgrade reflects our opinion that GKN's focus has shifted towards
maintaining stable cash flows amid a less acquisitive growth strategy.
Management's focus on cash generation and maintenance of prudent capital
structure has allowed GKN to limit the impact of a wider pension deficit and
to accommodate spending on three large acquisitions that it completed in 2011
and 2012. Although dividend payments have steadily increased in recent years,
the company has generated adequate free operating cash flow to cover the
shareholder payouts.

We continue to view GKN's financial risk profile as "intermediate," reflecting
our view of the company's wide pension deficit, which increases the level of
adjusted debt.

We still view GKN's business risk profile as "satisfactory," based on our
expectation that the company will continue to outperform its end-markets in
most of its segments, thanks to its global presence and leading market
positions. Operating profitability will continue to improve due to the ongoing
efficiency measures and contributions from the successful integration of Volvo
Aero. However, these strengths are moderated by GKN's exposure to cyclical
auto and off-highway markets, lack of significant aftermarket operations, and
volatile profitability.

[matt123d] 03/11/2014 23:58

No inside month for Nov now SPX. Currently a gap up and back into the range creates the potential for an engulfing month instead, now that would be a sight to behold!

[leeson31] 31/10/2014 20:25

Matt, given the bullish hammer close on the monthly sp500, id say were on for a min of 60points in nov.

Short euor dollar, long yen, lomg usd cad, too. :)

Sorry off topic.

Cheers,

[leeson31] 31/10/2014 12:28

yes indeed, both averages hitting key points re dow theory. cheers Matt !

[matt123d] 31/10/2014 12:26

We'll have to see how things start out next week. SPX is currently reversal hammer month so if it confirms and takes out the highs next week then it opens up an upper level triangle to 2103. But you're right could easily drop back in and go inside month for November then it's game on for Dec as to whether it takes off again or pukes back down to the lows of this month. Dow jones utilities and transports were the giveaway for this move, confirmation of Dow theory today with the main industrial average.

[leeson31] 31/10/2014 12:03

sorry off topic, Matt123d: hows an inside month looking for Nov, on S&P and Dow ?? cheers

[matt123d] 31/10/2014 12:02

Those channels may look the same but in fact they're very different. Currently monthly hammer with an outside week and full time frame continuity to the upside.

[sjc] 30/10/2014 22:55

still looks like a continuation channel to me.waiting to buy if next leg is down from 2/3 retrace @ 335 area
free stock charts from uk.advfn.com

[cockneyrebel] 29/10/2014 11:40

This wants to break out imo.

Trying to go for it today.

CR

[downsize] 27/10/2014 09:24

Me to, off loads the lot at 9.75 made a tidy profit. Back in now waiting for the stream of RNS and changes etc. Should start today, the CPO Finland is on its way to Rotterdam.

[philo124] 24/10/2014 18:23

DS, no, I got a get of jail free card and sold at 10.7p on the 3rd. Might buy back sub 4p so am watching.

[downsize] 24/10/2014 13:38

Philo124 are you still in UEN? The tanker has been anchored off Arcticneft for 6 days waiting for the weather to improve and will be loading the annual shipment this weekend. The hope is for some good RNS on the volume (215k to 230k BBL) and Adler taking places on the board to push for a production increase. The recent spike in anticipation in all likelihood could happen again when you have $20million going into the companies coffers in the next couple of weeks.Cheers DS.

[tudes100] 22/10/2014 18:55

more positive news for Boeing / the aviation sector

[philo124] 22/10/2014 17:25

Canaccord target 450p, previously 500p.

[badmumba] 21/10/2014 17:01

Very good finish here , wonder if it can hold on to the gains ?

[steeplejack] 21/10/2014 08:42

Yes,I agree,reassuring after RR.Thing is,the market remains in a fairly pessimistic mood and is entertaining the idea that things will slow at some point.

[dwsmithdhf] 21/10/2014 08:38

After Rolls Royce forcast downgrades last week I was a little apprehensive on this one, so it was pleasing to see a "steady as she goes" statement.