Meggitt Share Discussion Threads

[tlobs2] 06/5/2020 11:18

Building firms and engineering companies are going back to work. Plenty of work to crack on with once the workers are back in after their furloughed holidays :-)


I've just doubled up on this one.

[nathandc] 01/5/2020 18:52

Been in and out of these - with a modest profit. I believe we may test and breach the mid March lows Waiting for a lower entry point For the long term +/- 10% entry point - got to be worth considering DYOR

[gcd1] 29/4/2020 16:51

Thanks for that tlobs2

Purchased a load of Rolls Royce shares earlier this week. My next buy for my recovery Portfolio will be these bad boys.

Been monitored these since 243pence.

As always DYOR

[tlobs2] 29/4/2020 10:41

Goldman Sachs update target price 342p

[tlobs2] 27/4/2020 11:46

I am looking for a strong bounce here. Bought a few last week for my SIPP. No rush for it to get back back up over a fiver ;-)

[npp62] 26/4/2020 13:47

Global workforce reduced by 15%.. and accessing furlough schemes.. mitigating reduced demand. Stock price down 60% this year. Only about 2,500 employed in the UK, the remaining 10,000 plus overseas, mostly in the US. What does the balance sheet and debt level look like?

[gcd1] 21/4/2020 19:01

Analysts at Citi reiterated their 'buy' recommendation for shares of aerospace and defence subsystems manufacturer Meggitt, telling clients that markets were too downbeat on long-term growth in the sector and the company's competitive position.
Although they cut their 2020 forecast for air traffic growth by half and projecting "a greater societal impact of 10% below the long-term trend", they estimated that markets were discounting further drops in traffic beyond 2020 from those already depressed levels.

[gcd1] 16/4/2020 19:34

Done my research on these over the last couple of days and looking to invest very soon.

[abacus23] 16/4/2020 14:32

frndlyfire,

I haven't bought in yet, I am sitting on my hands waiting for the moment, always watching though.

As you said, with the director buying, it looks a great opportunity. Although the airline industry is getting hit hard.

I was waiting for a higher high, but we didn't get it. We got the higher low, so I will continue watching, a close above the 20 and I might jump in.

It is very quiet on here, thats usually a good sign.

[frndlyfire] 16/4/2020 14:12

I'd have thought this thread would be more active. Seems a bargain at these prices given their tech, LT order book and balance sheet. Also a fair bit of insider buying.

Yes they'll be some orders getting cancelled, but that seems well in the price to me.

I bought today. What did you end up doing abacus?

[abacus23] 03/4/2020 13:34

domesday, is this the only Meggitt thread?

Nothing is ever said, but the company looks good.

Came here after, as you said, the director buy.

10/03/20 BUY Sir Nigel Rudd CH 100,000 @ 485.92p £485,920

He only holds 250k shares, bought at much higher prices.

Any good info, before I do my research?

[domesday2] 18/3/2020 12:50

CEO buys at £4.16 on 13 Mar.
Now price is £2.49. Nuts!

[philanderer] 05/10/2019 00:17

Went down well...

Footsie-listed defence firm Meggitt was trading 1.7 per cent, or 10.6p, higher at 621.4p after it signed a £39million deal to supply equipment to the US Army.

[philanderer] 12/8/2019 17:49

updated:

12th august Berenberg buy tp 695p
7th august Goldmans buy tp 711p


6th august ++++ interims ++++

[philanderer] 07/8/2019 00:51

Meggitt restructuring accelerates revenue growth

IC View

Meggitt’s transformation into a customer-facing business is proving beneficial for the top line. But there is a long way to go before this converts into better margins and then, more importantly, reliable cash flows. At a forward price/earnings ratio of 17 times, we’re happy to hold.

Last IC View: Hold, 544p, 26 Feb 2019

[philanderer] 07/8/2019 00:49

ANALYSIS: Meggitt puts its faith in the aftermarket

[pugugly] 11/4/2019 12:19

Looks a though may take a hit from the Boeing Max problems however less than 1% of last year's revenues depending on how long to resolve the problem - If lasts a long as September reported could be 0.3% of last year's revenue but (imo) knock on unknown.

[mayers] 05/2/2019 15:44

Wonder if your broker has bought a larger boat, Jackdaw :-)

[jackdaw4243] 05/12/2018 20:27

My broker friend who has a smaller boat than mine tells me that 2019 is going to be a year for companies that have real tangible assets and the ability to make a profit.
I am in RR, MRO through GKN and got stopped out of Cobham. MGGT has been a long term hold lets hope my broker friend is correct. I would have a bit more confidence in his money making if he had a bigger boat the I have. :-)

[mayers] 05/12/2018 19:03

Good to see a comment on this indolent board, jackdaw. MGGT had seemed to weather the storm well until today and I am not clear as to the fall except to say that the markets are unpredictable. Perhaps related to the US fall though I will be advised.

[jackdaw4243] 03/12/2018 20:28

Double top if ever there was one, classic

[santar] 27/2/2018 12:39

Drop seems overdone - or what am I missing?