GKN Share Discussion Threads

[bookbroker] 06/7/2016 17:00

Would like to see this the target of a takeover, it's a good business and would be 15% cheaper for a US business!

[mj19] 29/6/2016 18:33

And some British-based exporters may actually gain from the pound’s fall following the UK’s vote to leave the European Union.

Just today sterling sank to fresh lows below $1.32, not seen since 1985. And HSBC expects the pound to slip as low as $1.20 by the end of the year.

This should benefit many British companies that export their goods abroad. Indeed, UBS estimates that profits over at defence giant Meggitt (LSE: MGGT) and diversified engineer GKN (LSE: GKN) benefit by 5% for every 10% fall in the value of sterling against the US dollar.

[mj19] 29/6/2016 18:02

By Warren Smith / in UK Broker Ratings / on Tuesday, 28 Jun 2016 01:20 PM / 0 Comments

On Monday analysts at Goldman Sachs reiterated Gkn’s (LON:GKN) shares as ‘Neutral’; in a research note issued to investors.

Following Goldman Sachs’s latest price target of 291 on the business this highlights that the broker now believes there is an increase of 10.98% from Gkn’s current share price of 262.2.

The number of shares Gkn currently has in issue is 1,711,416,000, which have a value of 262.2 per share calculating Gkn’s market capitalisation to 4.49B GBP.

[mj19] 29/6/2016 18:00

GKN Driveline has appointed Markus Schermann as senior director of product technology within its eDrive business.

Markus has more than 25 years experience in automotive electrical engineering and joins GKN from Magna, where he was leading electric and hybrid vehicle innovation as director of product area electrification.

He studied electrical engineering at the University of Technology Vienna, with special focus on control of electrical drives.

In addition to Magna, Markus has also worked for Siemens as well as running his own electrical engineering consultancy.

GKN has played a role in the provision of electric mobility and its electric axle technology features on hybrid vehicles including the BMW i8, BMW 2 Series Active Tourer, Volvo XC90, Peugeot 3008, Mitsubishi Outlander and Porsche 918 Spyder.

"I am joining GKN at an exciting time as it has plans to be the clear leader in electrified drivelines," said Schermann.

"Next generation eDrive systems will be more integrated than ever before and offer greater functionality, which obviously requires sophisticated electrical engineering.

"I will work with GKN's existing software & electronics engineering team to develop the systems of the future.

"GKN has a history of evolving, adapting and staying one step ahead of the competition. It is an organisation with a 250-year history, but always with a view on the future and that was one of the compelling reasons to join."

Markus will be based in GKN's eDrive Centre of Excellence in Bruneck, Northern Italy.

[bookbroker] 28/6/2016 10:07

Despite their previous back in Spring about margin pressure, I hope that their foreign earnings should be a net positive to the bottom line now the currency translation should be positive in general, a pretty diversified operational co. on several continents should be an asset!

[bookbroker] 28/6/2016 08:15

Be nice to see GE. gobble this one up!

[bookbroker] 27/6/2016 15:54

Does anyone actually the breakdown of sales abroad to its home market, I assume this co. does serve foreign markets, alongside its global operations. Surprised by the extent of the falls!

[timbo003] 24/4/2016 08:24

thanks rhomboid, I think you are right!

I'll get onto it

[rhomboid] 24/4/2016 08:19

Nice story Timbo003

..but not wholly as relevant here as it would be say on the GNK board perhaps?

[timbo003] 24/4/2016 06:35

What a spooky co-incidence!

[alan@bj] 15/4/2016 07:49

GKN is one of Investors Chronicle's Tips of the Week. Their summary states:-
"With the global population growing in number and wealth, transportation remains a key investment priority for rapidly expanding countries all over the world. As a market leader in technology for both cars and planes, we'd expect the engineer to be a big beneficiary of this structural growth and a forward PE ratio of 10 dropping to nine, along with a decent yield, does not do these prospects justice. Buy."

[valedo] 24/3/2016 16:44

I am not aware of any recent "talk" about GE bidding for GKN but there have certainly been rumours for a couple of years. Both have a lot of fingers in the same pie. Simply googling 'GKN and GE' will reveal plenty of them!

[grahamburn] 18/3/2016 14:49

Where did you hear/see this "talk"?

[bigboots] 18/3/2016 14:12

Talk in the market today of an offer for GKN from GE - !!!

[bookbroker] 10/3/2016 17:09

This is disappointing to see this down so much, it is a flagship for UK engineering and manufacturing in two areas where this country has always excelled, give or take a strike or two, they really should dispose of the land systems, it is the weak link and a relatively small contributor to overall turnover and profits!

[bookbroker] 10/3/2016 14:41

This co. needs to rid itself of its land systems unit, it's holding it back!

[rogerrail] 09/3/2016 16:38

no surprise there then ! P&W also had significant engine problems on the F135 engine for the JSF , so it was a bit of a surprise when they were announced recently as the propulsion supplier for the new B21 bomber, probably using the same engine, commonality of spares no doubt had a part to play in this..

[bookbroker] 09/3/2016 14:44

That surprises me, Qatar has been crowing for ages about the A320neo, I thought initially it was about price and delivery, but clearly they have concerns about the engine, one would have assumed United Technologies who own Pratt would have carried significant and thorough testing to alleviate their concerns!

[bookbroker] 09/3/2016 08:38

Find ramping abhorrent, and that is a feature of these boards, but the fundamentals for this co. a good deal stronger than most on the FTSE100 board, sure there can be surprises and certain markets like land systems soft, but if they make a good fist of the Fokker acquisition, it should have a positive effect on earnings, no fireworks but at least some growth, coupled with a decent dividend and relatively constrained debt levels!

[valedo] 01/3/2016 09:41

GKN plc (LON: GKN) recently received a number of ratings updates from brokerages and research firms:
•2/24/2016 – GKN plc had its “buy” rating reaffirmed by analysts at Beaufort Securities.
•2/24/2016 – GKN plc had its “buy” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 350 ($4.95) price target on the stock.
•2/24/2016 – GKN plc had its price target lowered by analysts at RBC Capital from GBX 350 ($4.95) to GBX 335 ($4.74). They now have an “outperform221; rating on the stock.
•2/24/2016 – GKN plc had its “overweight221; rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a GBX 370 ($5.23) price target on the stock.
•2/23/2016 – GKN plc had its “hold” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 300 ($4.24) price target on the stock.
•2/23/2016 – GKN plc had its price target lowered by analysts at Societe Generale from GBX 355 ($5.02) to GBX 300 ($4.24). They now have a “hold” rating on the stock.
•2/22/2016 – GKN plc had its “buy” rating reaffirmed by analysts at Goldman Sachs. They now have a GBX 320 ($4.53) price target on the stock.

[valedo] 29/2/2016 16:58

Wouldn't a strong £ hit exports?

[bigboots] 29/2/2016 16:23

Other way round Weak sterling is not good for GKN