Meggitt Share Discussion Threads

[philanderer] 03/11/2015 13:27

Meggitt is too cheap to ignore, says Barclays

[chrisgail] 30/10/2015 13:09

Decent buying by Directors, we will give them credit for that, might be wise to join them.

[uhound] 29/10/2015 10:42

I expect news of some kind of tie up between Meggitt and another is not far off now.

[gopher] 28/10/2015 17:07

I sold at 370 having bought at 500p in the summer.

I bought into the long term story and news flow from management was positive. This is an out of the blue warning today and best watched from sidelines imo. Bid target if they can't get the share price higher than 400p possibly but warnings come in threes and there could be further deterioration to come here.

[minerve] 28/10/2015 12:06

Thank you for that Salpara111.

I have watched for tracker fund activity on FTSE 100 movements before and not really seen an effect on tracker funds dumping or buying; don't forget many tracker funds don't trade all/real stocks and provide pseudo trackers - where the majority of the shares are held, but not all, or synthetic trackers - which are delivered via derivatives. If FTSE 100 trackers are indeed dumping, FTSE 250 trackers will be buying etc.. etc.. I have noticed this effect on smaller companies joining FTSE indices and it is sometimes a real boom, but FTSE 100, 250 not so much.

[nw99] 28/10/2015 12:02

How to close to banking covenants I wonder

[salpara111] 28/10/2015 11:49

Just bear in mind that they will get relegated from the FTSE 100 in December unless they bounce back pretty hard.
If the market thinks it is a done deal then the big tracker funds will start dumping.
Arguably this drop is an overreaction but I would hold back on taking a stake until the December FTSE reshuffle.

[minerve] 28/10/2015 11:11

A 2% decline in military, and a 16% decline in energy, results in an overall decline of 1%! I view that as reasonably stable considering the headwinds.

Doubling my holding and improving my yield to close to 4%.

The question is, do you think anything has really changed about the future? We know about energy, we know about military spend. There are not many shares you can buy in at 2012 levels and have reasonable confidence about future growth. Civil Aerospace is going to grow over the next decade and ageing fleets will have to be replaced.

I am in for a further £10K.

Could see further losses short term but I think today is a good opportunity to buy.

[essentialinvestor] 28/10/2015 09:28

Very droll )


bookbroker, you been hitting the pro plus this morning.

[el chupacabra] 28/10/2015 09:25

i wonder if MGGT will be featured in this weeks ADVFN podcast?

[bookbroker] 28/10/2015 09:21

Prospective bidders - cos. do not embark on the acquisition trail if they are under scrutiny from bidders, however further falls likely from here, looks like they completely over estimated levels of demand back in August! German manufacturing a huge red flag!

[bookbroker] 28/10/2015 09:10

£3.00 a fair price for this, and no more, material miss, so should only be on Forward P/E of about 12!

[bookbroker] 28/10/2015 09:07

What cash pile does the post from Newkid mention, what a load of utter tosh some posters talk!!!

[meijiman] 28/10/2015 08:36

Well you can buy some below that price this morning!

[newkid] 28/7/2015 16:50

philanderer.

Not normal practise to reduce you cash holding if indeed it is his intention to sell the company off. Perspective bidders will look at the cash pile in order to finance part of the deal. Very much the cherry on the cake IMO. I do have to say that a price range £5.50 to £6.50 from current level would be very attractive to me.

[philanderer] 24/7/2015 17:52

This from a week ago...

Sir Nigel Rudd's appointment as chairman of Meggitt effectively hoisted 'For Sale' sign above aerospace engineer

Read more:

[newkid] 22/7/2015 19:10

Has the BOD's indicated why they have embarked on the buy back?

Are they perhaps trying to protect Meggitt from a takeover or are they looking to increase earnings per share in order to enhance their share incentive scheme.

[newkid] 22/7/2015 10:21

Looks like we are going back to recent lows.

[philanderer] 14/7/2015 16:03

Shares in defence and aerospace engineer Meggitt rose following a report in the Financial Times that a merger with Cobham might be on the cards. Atif Latif, director of trading at Guardian Stockbrokers, said he sees the rationale of a tie-up between the two as a defence play




edit:

Telegraph market report:

Speculation defence and aerospace engineer Meggitt (Other OTC: MEGGF - news) had begun a strategy review following an approach from a US peer earlier in the year pushed the stock 18.5p higher to 489p.

[mike24] 14/7/2015 08:43

15/7 Iran is ready to spend 20bl on 400 hundreds planes, to replace fleet
(with average age of 27yrs) with airbus/boeing after lifting of sanctions,
Russia in need of replacing fleet after the loss of six military ageing
planes in last few wks alone,
in the last six months 400plus nato scrambled flights have been made to meet
Russian incursions putting a lot of wear & tear on all aircraft involved
nai

[bugle4] 05/7/2015 21:37

Why Now Is The Perfect Time To Buy These 4 Stocks: Standard Chartered PLC, Boohoo.Com PLC, Schroders plc And Meggitt plc

Meanwhile, engineering company, Meggitt (LSE: MGGT), has seen its share price fall by 6% in the last year. However, the market appears to be overly pessimistic on the company’s future growth prospects, with a recovering global economy likely to ensure that Meggitt’s top and bottom lines gain a boost moving forward.

In fact, Meggitt has a price to earnings growth (PEG) ratio of just 1.5, which indicates that it offers growth at a reasonable price. And, with it having a debt to equity ratio of just 32%, it should be in a strong position once interest rates start to rise and this could allow it to offer improved margins versus its rivals over the medium to long term.

[mike24] 13/3/2015 13:03

overlay SNR over MGGT 5yr chart
both going in the same direction
edit 31/3
in the light of RG industries recent UK purchases
fail to see why share price has fallen back ?

16/4 chinese buy russian missile systems
s-400 battalions worth 3bl, should'nt we be concerned?
looks a cosy deal which will ramp up more spending on defence
28/8 another deal with china, aircraft carriers, oil price recovery
will give hard pressed Russian finances a boost,
currency down 20%, making buying of foreign parts costly

dyor