Meggitt Share Discussion Threads

[meenashah] 04/1/2007 19:42

I think the price went up today in sympathy with Cobham which saw a Spanish millionare build up a 5% stake - same sector.

[tymedici] 04/1/2007 12:01

these have been in my 'portfolio' for some time but had a torid half year. Not sure why, often strongly recommended... perhaps its exposure to the US markets. Last week or so has seen a revival of sorts.. but whatever the reason its welcome.. like to see 360.. not a scientific explanation and sorry no charts to offer or other mumbo jumbo..

[machoolahan] 04/1/2007 11:21

Lively this morn! Anyone else in these?

[machoolahan] 27/12/2006 19:23

Back in last week and today - chart looks fruity. Bounced off 292p as predicted.

[pearlfisher] 27/12/2006 14:41

Daily Telegraph Questor Column
Wed 27 Dec 2006

"With hindsight, it is clear that Meggitt had its run in 2005, when the shares jumped a third. There was nothing wrong with the aerospace engineer, but at 15 times earnings is was no longer cheap. Add in the weakening dollar, to which Meggitt is highly exposed, and you have your explanation for why the stock fell 15.9pc.

"One look at the figures and fundamentals, though, and it is clear why Questor remains a fan. Half-year profits rose 12pc, sales 10pc and the order book 7pc, while Meggitt continues to generate cash. As for the aerospace market, describing it as buoyant understates the soaring demand. Airbus, in its biennial review, raised its forecast for commercial aircraft sales by 31pc to 22,700 over the next two decades. Aviation in China and India is growing exponentially.

"Meggitt's black boxes and fire detection devices are vital for all new planes, and high-spec engineering protects its 20pc margins from the downward pressure of mass production. And the more original equipment work that Meggitt wins, the more after-market service sales it will clock up. This is the kind of growth to back.

"Hang on."

[hirani2] 21/12/2006 17:11

why would you add more Kevinlinus as this share have been going down in the last 6 months.

[kevinlinus38] 21/12/2006 15:45

Yes you can have meggitt in an isa. For some reason no body ever comes onto the meggitt bb boards even though this is a good investment. Maybe its to safe for your average investor!! I currently have £52000 of mggt shares and if I had more money would not hesitate to add more

[hawks11] 19/12/2006 08:54

I came across this as I have a few QQ shares and have never heard of Meggitt before, but it does sound interesting so will explore further. It is ISA'able.

('Meggitt' or 'the Company')
Meggitt signs £50 million contract with QinetiQ

Meggitt, the international aerospace, defence and electronics group, today
announces that its wholly owned subsidiary, Meggitt Defence Systems has signed a
20-year contract with defence and security technology company, QinetiQ, to
supply aerial targets and scoring systems for the Combined Aerial Target Service
(CATS) for UK air defence weapons training.

[kevinlinus38] 14/12/2006 18:50

Damn there is not much bb interest in Meggitt!! I have no reason why, they are a great company and an easy one to trade in

[blackbear] 10/12/2006 00:14

Put up the MACD and strength indicator both point upwards imho , BUY on any markdown monday.

[Abuse team] 09/12/2006 14:11

Post removed by ADVFN

[machoolahan] 09/12/2006 14:09

Not much since that flurry of posts merob, up a couple of %.

[merob] 09/12/2006 14:02

what happened next?

[kevinlinus38] 04/12/2006 20:12

I dont think it will. The price should start going north again, but I still wont hang around to long in Meggitt just enough to hopefully take a 10% profit. The dollar is as weak as it gets at the moment and there is a much bigger chance of it improving than it getting worse.

[jezboy1] 03/12/2006 13:48

sadly I think u might be right.

[ruffjp] 03/12/2006 12:27

not convinced, from a technical perspective I'd agree but I think the low dollar may send us further down.

[machoolahan] 02/12/2006 01:50

Absolutely ripe for a bounce I think.

[jezboy1] 30/11/2006 12:15

bought in again at 298 - I have been selling and buying this share several
times this year and made decent profit - probably will fall a little
further - who knows??

But news on QQ. should be positive for the sector which has been
taking a bashing recently.

[rampmeister] 28/11/2006 21:46

1m. buys on or after market close - let's see what tomorrow brings.

[machoolahan] 27/11/2006 20:12

Right area IMO. Hung fire here for sub 300p, let's see....

[kevinlinus38] 27/11/2006 16:42

I brought 10k at 303 after stock started showed signs of going the other way.

[rampmeister] 27/11/2006 11:46

Buys/sells are 8 to 6 at the moment so MM's could be taking this back up unless there is big seller waiting in wings.

[machoolahan] 27/11/2006 11:24

I'm watching too - getting near the buy-zone.

[rampmeister] 27/11/2006 11:13

Agreed and they are getting closer all the time - any move up from this level would look like classic buy signal.

[maximoney1] 27/11/2006 10:03

This share is an enigma....looks possible a spike down could test the trend support at approx 298p