GKN Share Discussion Threads

[thorpematt] 08/5/2013 17:37

significant move today.

still re-iterate my view from april 19th :-)

[thorpematt] 19/4/2013 11:06

Still can't get my head around how cheap this is.

[valedo] 19/4/2013 08:47

Same goes for Tempus in today's Times

Tempus: breath of fresh air for engineer

GKN's victory a year ago in the auction to buy the aerospace division of Volvo of Sweden looks like an increasingly fortunate one. The diversified engineer was keen to reduce its exposure to the automotive market and beef up its aerospace side.

Yesterday's first-quarter trading update indicates that the company is just about beating the market in automotive and seeing inevitable weakness where it sells into industry and construction.

But the aerospace arm is seeing the benefits of the Volvo business just as the expected ramp-up in production comes through from the two companies that dominate the civil market, Boeing and Airbus.
..................They sell on nine times this year's earnings. As further benefits from aerospace arrive, they look to have further to go.

[philo124] 18/4/2013 08:19

Yes, i still hold in SIPP, fine, Glad i sold my trading holding at 273p though.

[daz] 18/4/2013 08:09

Margins are ahead in most cases if you exclude restructuring charges. They are doing more rationalisation than might have been expected.

I think the underlying story reads well, the summary finishes with '...With restructuring charges now largely behind us, we expect the remainder of the year to show improvement, supported by our market leadership positions, advanced technology and extensive global footprint.'

[broadwood] 18/4/2013 07:26

Nigel Stein, CEO, commented: "We have met our expectations for the first quarter against the backdrop of challenging end markets. Last year's acquisition, GKN Aerospace Engine Systems (formerly Volvo Aero), is performing well against our restructuring and integration plan and made a strong financial contribution. With restructuring charges now largely behind us, we expect the remainder of the year to show improvement, supported by our market leadership positions, advanced technology and extensive global footprint."

[rogerbridge] 10/4/2013 18:15

Bought in today for the ISA

[rogerbridge] 10/4/2013 18:15

Bought in today for the ISA

[redartbmud] 10/4/2013 09:09

And the share price up as well!
Can't be bad.

[okw] 20/3/2013 08:32

GKN opens this morning over 2% up at 279.40 possibly on the news of a "buy" rating reiterated by equities research analysts at Investec in a research note issued to investors on Tuesday.

GKN Stock Rating Reaffirmed by Investec (GKN)
March 19th, 2013 - 0 comments - Filed Under - by Stacy Sanders
GKN (LON: GKN)'s stock had its "buy" rating reiterated by equities research analysts at Investec in a research note issued to investors on Tuesday. They currently have a $4.53 (300 GBX) price target on the stock.

A number of other analysts have also recently weighed in on GKN. Analysts at Investec Securities reiterated a "buy" rating on shares of GKN in a research note to investors on Tuesday. They now have a $4.53 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of GKN from $3.85 to $4.76 in a research note to investors on Friday. They now have an "outperform" rating on the stock. Finally, analysts at Goldman Sachs upgraded shares of GKN to a "neutral" rating in a research note to investors on Monday, March 4th. They now have a $4.09 price target on the stock, up previously from $2.93.

Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of "Buy" and a consensus price target of $4.36 (289 GBX).

Shares of GKN (LON: GKN) traded down 0.91% during mid-day trading on Tuesday, hitting GBX 272.30. GKN has a one year low of GBX 167.786 and a one year high of GBX 291.30. The stock's 50-day moving average is currently GBX 221.7. The company's market cap is £4.445 billion.

[philo124] 06/3/2013 09:17

Impressive rise.

[broadwood] 05/3/2013 15:20

Still benefitting from yesterday's upgrade.

[daz] 05/3/2013 15:18

Possibly GKN is seen as a good bet on the weaker pound, which must be helping their exports.

The rating is still mean considering the merger benefits and it's exposure to a global economy, which seems to be getting past the worst.

[thorpematt] 05/3/2013 07:30

I like the recent chart here since

A)It's broken out from the previously tested resistance points
and
B) It's accelerating

but I also think the bigger picture tells a story of significance.




I've overlayed the FTSE100 and as we see GKN still has some catching up to do from the previous high of July 2007.

Given the prgress GKN has made since that time and given its potential for growth these PE ratios are well short of where I think it should be. I'm aiming for those previous highs.

[okw] 04/3/2013 13:26

Another good increase, at 13.05 up 7.7p to 277.1p, a 2.86% increase.

Also this morning Goldman Sachs raised GKN to Neutral(Sell) with a share price of 272p (195).

Better late than never.

[melody9999] 01/3/2013 07:48

directors see these as fully valued now though

[philo124] 28/2/2013 16:17

With foreign currency earnings.

[rogerrail] 28/2/2013 15:57

yep - the penny has dropped, GKN is a high class business requiring a high class rating and that's where its heading!

[broadwood] 28/2/2013 11:14

Ongoing re-rating.