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Meggitt Share Discussion Threads
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|favourable mention in weekend f.t|
|Buy tip in sunday times. Long way to run here, and will be taken out at some stage north of 6 quid.|
|Positive write up in weekend press
plus Trump Bump|
|These hi-tech US companies (chips), have group meetings of
engineering skills worldwide, returning engineers to the UK then realise
how good some of our facilities are,
good to see RR up, despite currency drop,
first half results, reports good order intake,
military budgets are increasing for the first time in several yrs
of which 63% go to US customers
the share price had such a good run pre-h,yr results 365/440
has fallen back unjustly, last 4wks snr chart the same pattern
4/8 our exports/sp's have just got 1.5% cheaper
WHY HAS THE FT become the VOICE OF DOOM?
with FTSE at 14month high 6851 ?|
|Profit warnings always come in 3's...|
|Panmure downgraded Meggit today to SELL. Shares getting hit pretty hard. Down 3% already and trading at day lows.
I read the note on Research Tree ... see below:
"The shares have recovered 15% since the profit warning in October last year. The
management has boosted the rate of investment to counter the profit decline.
However, we expect further profit warnings"
"We believe the two main sources of expected profit growth –
advanced composites and aircraft braking systems – will fall short"
It's a 20 page note so haven't read all of it but makes some decent points.|
|Next week may be interesting|
|Up 6% today, is this the upturn we've been waiting for?|
|last post dec? share price due a turn around
to-day pentagon seeks military spending boost
I hope aerospace companies take note of the
600 highly skilled job vacancies coming up with missile R&D
in the UK
|Meggitt plc (MGGT) Stock Rating Reaffirmed by RBC Capital
December 7th, 2015 • 0 comments • Filed Under • by ABMN Staff
Meggitt plc logoMeggitt plc (LON:MGGT)‘s stock had its “outperform221; rating reiterated by stock analysts at RBC Capital in a research note issued to investors on Monday, MarketBeat reports. They presently have a GBX 420 ($6.32) price target on the stock. RBC Capital’s target price would suggest a potential upside of 11.41% from the stock’s previous close.
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 “underweight8221; rating and issued a GBX 450 ($6.77) price target on shares of Meggitt plc in a research report on Wednesday, August 12th. AlphaValue restated an “add” rating and set a GBX 555 ($8.35) price objective on shares of Meggitt plc in a research report on Thursday, August 13th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a GBX 522 ($7.85) target price on shares of Meggitt plc in a research note on Thursday, September 10th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Meggitt plc currently has an average rating of “Hold” and an average target price of GBX 496.18 ($7.46).
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.|
Update this morning........
MGGT... Over the medium term, the Group is well positioned to deliver organic revenue growth ahead of the end markets in which it operates.
IC TIP UPDATES:
Meggitt (MGGT) has won a “multi-million” contract to provide high-definition cameras for Gulfstream G650 jets. The aerospace and defence group confirmed its components will be fitted on all of Gulfstream’s future twin-engine business jet airplanes and offered as a retrofit for aircraft currently in service. Buy.|
|Todays little contract win can't help but juice this along ... watching|
|Today's FT Weekend guide draws attention to the Director deals- expect to see advance Monday.
Hmm just found this on the IC: site (mid september) and may shed some light on recent Director Buys......
Buffett acquisition highlights Meggitt's allure
Warren Buffett's recent $37bn (£24bn) purchase of aerospace parts supplier Precision Castparts highlights the allure of UK peer Meggitt (MGGT). And directors have recently been buying shares, too, as the components and sub-systems manufacturer boosts investment to capitalise on strong end markets. With last month's first-half results emphasising Meggitt's attractions and bid speculation growing, we think the shares look too cheap on 13 times forecast earnings.|
Meggitt director deals
Date Director Type Volume / price Trade value
02 Nov 2015 Guy Berruyer Buy 10,000 @ 355.43p £35,543.00
30 Oct 2015 Doug Webb Buy 30,000 @ 352.67p £105,801.00
30 Oct 2015 Stephen Young Buy 100,000 @ 352.67p £352,670.00
30 Oct 2015 Sir Nigel Rudd Buy 57,000 @ 348.76p £198,793.20|
|hehehe trust you to be camped here phil looking for the bargain as ever.
those director Buys ehhhhhh must know something or they are complete gamblers and i dont believe that.
Wonder what it is.|