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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Meggitt Plc | MGGT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 798.80 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 798.80 |
| Top Posts |
|---|
Posted at 24/9/2021 09:56 by medieval blacksmith Risk of it falling through which could come from several directions with regards to spanners being thrown in the works. Also the time value of money comes into the equation as investors will not see their full £8 for a while. The transaction is due to complete in the Q3 2022 but the share price will converge towards £8 as the different hoops are jumped through.Currently yielding about 8%. I have invested some money here a little earlier which is giving me about 11%. I have every expectation of it going through. UK generally don't want to be upsetting the US at this time. ;) |
Posted at 02/8/2021 14:28 by cassini Nothing. There will be a vote of shareholders and if they approve then when the deal goes through you get the 800p, as long as you don't sell the shares in the meantime.You should be able to vote through the 'corporate actions' facility that your broker should run, if you have it enabled (sometimes you need to enable getting notifications of corporate actions, AGMs etc inside your broker's internet site - Interactive Investor certainly requires customers to enable that facility). On the other hand, I imagine most of MGGTs shares are held by institutions so your vote won't amount to diddly, so you can sit on your hands if you like and just let events take their course. You'll still get the 800p when the deal goes through (assuming all the corporate investors in MGGT vote 'yes'). You can't negotiate a deal direct with Parker-Hannafin, take your 800p and bail out before the deal goes through. Other than that, sell now and take the market price. It's not 800p because there is the time value of money to take into account, the market price will close towards 800p as time gets nearer to the deal date. |
Posted at 02/8/2021 13:51 by 1madasafish What has the success of my company got to do with investing ? If your LSE company was so great why aren't you still running it instead of becoming an 'unearned income' day trader. Typical champagne socialist. Take the bits of capitalism that suits you & continue to tell yourself you are still a man of the people. I hope your much loved LSE company doesn't get swallowed up by a foreign buyer ? You don't care you've got your money out that you now use to be a full time investor. I'll continue to employ people and create wealth don't worry. |
Posted at 02/8/2021 12:43 by medieval blacksmith Before you respond I'm a full-time investor now. |
Posted at 07/12/2015 13:19 by market sniper1 Meggitt plc (MGGT) Stock Rating Reaffirmed by RBC CapitalDecember 7th, 2015 • 0 comments • Filed Under • by ABMN Staff Meggitt plc logoMeggitt plc (LON:MGGT)‘s stock had its “outperform In related news, insider Berruyer,Guy bought 10,000 shares of the stock in a transaction on Monday, November 2nd. The stock was bought at an average price of GBX 355 ($5.34) per share, with a total value of £35,500 ($53,407.55). Also, insider Day,Colin R bought 25,000 shares of the stock in a transaction on Monday, November 9th. The shares were bought at an average cost of GBX 384 ($5.78) per share, with a total value of £96,000 ($144,426.06). Shares of Meggitt plc (LON:MGGT) opened at 377.4000 on Monday. The company’s market cap is GBX 3.00 billion. Meggitt plc has a 12-month low of GBX 337.60 and a 12-month high of GBX 593.50. The company has a 50 day moving average of GBX 398.69 and a 200-day moving average of GBX 461.37. A number of other brokerages have also recently weighed in on MGGT. Jefferies Group reiterated a “hold” rating and set a GBX 550 ($8.27) price target on shares of Meggitt plc in a report on Monday, August 10th. Beaufort Securities restated a “buy” rating on shares of Meggitt plc in a report on Tuesday, August 11th. JPMorgan Chase & Co. reiterated an “underweight&# Meggitt PLC is a United Kingdom-based engineering company. The Company is engaged in designing and manufacturing of components and sub-systems providing functionality in applications within civil aerospace, military and energy markets. The Company manages its businesses under the key segments of Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems and the Meggitt Equipment Group. Meggitt Aircraft Braking Systems is a supplier of aircraft wheels, brakes and brake control systems; Meggitt Control Systems is a supplier of pneumatic, fluid control, thermal management and electro-mechanical equipment and sub-systems; Meggitt Polymers & Composites is engaged in fuel containment, engineered aircraft sealing solutions and technical polymers, electro-thermal ice protection and composite structures and assemblies; Meggit Sensing Systems is a provider of sensing and condition-monitoring solutions for rotating machinery and other assets. |
Posted at 01/11/2013 12:47 by philanderer FT Alphaville comment:Meggitt PLC (MGGT:LSE): Last: 514.50, down 58 (-10.13%), High: 535.50, Low: 509.50, Volume: 2.74m BE On the first read it looks like a quarter of turbulence. BE Production difficulties at Sensing Systems, delays in one of the energy businesses, plus FX BE Which is all the kind of thing that can be fixed. BE More interesting - or worrying - is that aftermarket up just 2% in the quarter. BE It's meant to trend at about 9%. BE This is likely to be because of Meggitt's reliance on corporate jets and suchlike, which make up half of aftermarket sales. BE And it seems that the corporate jet is in decline, partly because of fuel prices. BE Cazenove's very good on the theme this morning. BE We are cutting our 2013-2016E (Meggitt defined) EPS by 5%/8%/8%/9% reflecting weaker civil aero aftermarket growth (our main concern), product quality issues (should be temporary), and a weaker US$. We also lower our target P/E multiple to 13.4x from 14x, given we project lower trend organic sales growth (4-5% pa from 2014-2017, vs Meggitt target of 6-7%). As a result our Dec-14 multiples-based PT is cut 11% to 555p from 625p. PM Oh no! BE · Weak civil aero (CA) aftermarket growth is main issue: Over the last several years Meggitt has told investors that its trend organic growth in the CA aftermarket is 8-9%. We believe that its 2014-2017 trend growth is more likely to be c5% because we believe older aircraft are being retired earlier (due to the high fuel price) and Meggitt has a higher than average exposure to these older planes. In 2012 Meggitt's organic CA aftermarket sales growth was -1% and for 2103 we now forecast c+2%. Wedo expect a recovery to the c5% trend level from 2014-2017 as 2012-2013 growth was also hit by a 'mini-cyclical' downturn,which we think has largely passed. · Product quality issue should be temporary: Meggitt Sensing Systems has uncovered a batch of faulty raw materials delivered in 2012 and this has meant it has been unable to ship equipment for new civil aircraft and forthe energy market. As a result we forecast Meggitt's group organic growth in 2013 is likely to be 1.4% yoy, down from our previous forecast of 3.4%. From 2014-2017 we expect group organic growth of 4.6%, vs Meggitt's guidance of 6-7% trend organic growth. BE · Cutting 2013-2016E clean EPS by 16%/12%/11%/12%: In common with most of the civil aero companies we follow, Meggitt capitalises a lot of costs and excludes its pension finance charge from its underlying EPS, 'overstating' EPS by c15-20% pa from 2014-2017E. In 2013 it will also take a £14m restructuring charge below the line. With today's IMS Meggitt said it will now take a charge of £20m for the faulty raw materials referred to above. We have assumed this is taken as an exceptional charge, although we would deem it operational. Table 1 overleaf shows the reconciliation between the Meggitt defined EPS and J.P.Morgan defined 'clean'EPS. BE Though, once again, we have the "is it in the price" argument. BE Meggitt may be in the wrong bit of the market, but it's cheap already. BE Or, rather, it's cheap relative to a very expensive sector. BE Here's RBC's new numbers. BE EPS and target price We've cut our 2013 EPS forecast from 41p to 37p (factoring in the £20m charge), and taken 2014 from 44p to 42p. Our target price goes from 650p to 620p, and still includes a 10% discount to our SoTP valuation (14.4x 2014/15 P/E). BE Still the cheapest aero aftermarket play Even after our earnings adjustments, which we expect to be reflected in consensus forecasts, we still have Meggitt as the cheapest aero aftermarket name in our global coverage (12.6x 2014 P/E). We would note that two of the three issues highlighted in the 2013 revenue cut are not recurring, whilst FX translation (vs the US$) is an inherent issue across the European sector. The aero aftermarket by its very nature is unpredictable, and generally not linear in its progress but the underlying drivers still point to improvement going forward. We think this makes Meggitt a compelling story. |
Posted at 01/4/2009 10:34 by walker10 Shares in Meggitt soared 12 per cent at one point on Tuesday as investors shrugged off fears over the group's financial position. Last year's results were backed by lower net debt and a new cost-cutting programme. Meggitt has ample headroom in terms of its covenants, with net debt to earnings before interest, tax, depreciation and amortisation of 2.4 times against a banking covenant of 3.5 times. The general outlook remains uncertain but the stock is trading on an unambitious price/earnings ratio of 4.6 times 2009 earnings.PE of 4.6 unambitious is an understatement aint it !!! |
Posted at 26/6/2008 12:58 by meenashah strong pull on either side - looks like there is a seller but also value investors buying - v oversold. |
Posted at 10/3/2008 11:41 by backmarker seems a very quiet board, here. clearly MGGT is a serious stock for serious investors.i've been holding since last july. if the markets weren't so jittery i would have been tempted to top up on these excellent results and forecast. anyway, i hope to be back in profit before too long. glta. |
Posted at 07/6/2007 22:06 by machoolahan Agree, these are cheap - potential investors can safely wait for < 300p here though, as it stands. |
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