Meggitt Share Discussion Threads

[m.t.glass] 19/7/2002 09:22

Shorted MaGGoT for now.. nothing personal :o)

[bigbertie] 18/7/2002 08:43

I don't know any particular reason. Results are due 10 Sept but I don't know of any bad news expected in them. Fall is probably institutions (insurance cos, unit trusts etc) who have to liquidate investments. I'm hoping and holding.

[grumps] 18/7/2002 00:48

Anyone know why Meggett is falling? Some fairly large sales yesterday and today

[bigbertie] 20/5/2002 10:32

I am still very positive on this one for the medium term, and increased my holding a few months ago. It is not too highly rated (still not fully recovered from 11 Sept fallout) and the aerospace market, both defence and civil, must be sound long term growth prospects.

........and the price is rising as I post!

[harleymaxwell] 14/5/2002 17:46

this has drifted down over last few days-anyone have any opinions on direction?

[pkvidean] 06/4/2002 11:58

So far, I seemed to have called MGGT just about right. Even ML has offered support to 250p (which really means 275p).

I prematurely cashed in 2 tranches on Tuesday & Thursday as I am now expecting a 7% shave. Should have temporarily switched to BA. and/or CKSN but missed the boat. A 7% shave from 231.5p would temporarily take MGGT back to 215.25p which should still provide approximately 30% upside - probably in H1. IMHO.

[pkvidean] 22/3/2002 15:46

Actually, FKI looks sound as a pound and not a contender. On reflection, do not think it necessary to hedge against Engineering as should be one of the best performing sectors over the next few years. Could do with a second Long, in fact, but most of the value sems to reside in the smaller caps wich I reserve for my SIPP. IMHO.

[pkvidean] 21/3/2002 17:38

Added a bit more today as MGGT could easily have completed its shave. Certainly seems to be trading at a large unwarranted discount to the sector and the 8.7% ease back from 212.5p looks about right. May need to cover the general sector with a short and had a bit of a look at FKI today but will need to do a bit more research as the market certainly rates it highly, although results, whenever they are due, may highlight the scale of the problems. IMHO.

[pkvidean] 19/3/2002 14:36

Looks like the market is currently preferring the 3 blue chips in the sector so we may get another chance to Add to our holdings at a good value price. I suppose the other aspect to consider is that the market is currently generally "working" recovery cyclicals rather than growth cyclicals so MGGT may come through a bit later than the likes of RR. and SMIN. TOMK ha been a good example of this. Would be horrified (crash notwithstanding) if 212.5p ended up being the H1 2002 high. I'm just holding, waiting and watching for now! IMHO (Gone to Humble rather than Rubbish).

[pkvidean] 12/3/2002 21:14

Well we actually got 196.5p but the question that was asked on the day was :-

Do you feel lucky, Punk?

My answer was - no way - holding with what I've got in this "climate" and being very careful to keep a goodly amount short! IMRO.

[pkvidean] 11/3/2002 15:30

Should see the 197.5p tomorrow! All going according to plan - for now!

Hope US and Iraq do not scupper the recovery before it gets underway! IMRO.

[pkvidean] 07/3/2002 17:56

Reckon today saw a spot of profit taking after a mighty 3 day leap - particularly for an Engineer. Reckon this one will be a 7% shave so climb on board @ 197.5p! IMRO

[pkvidean] 06/3/2002 17:24

FT favour MGGT (not necessarily a good sign IMRO) :-

..........trading on a prospective P/E just above 12. That is a significant discount to the sector p/e of almost 15, and an opportunity for prospective investors.

[pkvidean] 05/3/2002 18:17

Nice one MGGT!

I think the par PER for MGGT is about 16, although it was consistently higher than that during much of H1 1999 - before the "troubles". My target for this one is therefore about 278p by end of 2002 - probably most of this achieved in H1! IMRO.

[pkvidean] 04/3/2002 23:08

After todays broad market rally, the 15% hit would take MGGT to 152.25 (Add Point 1), followed by 137p (Add Point 2). Looking forward to the results tomorrow - hope they are good cos I'm getting jolly well fed up with averaging down! IMRO.

[pkvidean] 03/3/2002 14:55

Had to have an Engineer on Friday as we should start to move into cyclical sectors soon. Engineers have fared very badly over the last 3 years but various economic indicators suggest this is about to change.

The last set of results from MGGT were excellent and if it has maintained its previous form (results due on 05/03) then a 50%+ rise through Q2 2002 seems inevitable and a return to 282.5p and above very likely over the next 12 months. If the outlook is not so good then there will obviously be a further decline and we will likely see a drop below the Q3 2001 low of 125.5p resulting in a 3 quarter decline. This, however, should only be temporary, and following further signs of economic recovery the shares would undoubtedly double by H1 2003. Hold and average down, if necessary! Looking for a 15% initial hit - if news is bad - so am looking to add @ 143.25p and then again @ circa 125p (if it drops that far). IMRO (In My Rubbish Opinion).

[mikeyboy] 08/2/2002 19:31

The results are out on 5th march, anybody know what they'll be like???
Heavy trading today...strange mutiple 50K sells and 81.3K buys, the chart is showing a slightly worrying downward trend, i'm expecting some action coming up to results, apparantly meggit were mentioned in IC recently which i missed, anybody know what they said?

[marcusmaximus] 07/2/2002 17:22

hmm, i'm board

[codhead1] 09/1/2002 18:47

Merrill rates Meggitt a buy today with a price target of £2.20.

[codhead1] 07/1/2002 18:48

Anybody know of any news here.

[codhead1] 31/12/2001 19:18

What a great stock for 2002. Figures great. Recovery well on the way.A banker for the new year.What more can i say. I am well in here.All the best guys.

[mickyjr1] 31/12/2001 09:19

looking good to be above 2.00p again!.

[salemphd] 03/12/2001 16:59

LONDON (AFX) -- Meggitt PLC said it sold its electronic components business
for 15.6 mln stg to Tyco Electronics UK Ltd to concentrate on aerospace and
defence markets.
Tyco will also make an undisclosed payment to settle Meggitt Electronic
Component Ltd's outstanding cash balances, the company said.
The unit designs, manufactures and supplies passive electronic components
and sensors for the automotive and medical markets and power resistors, the
company said.

[carrera] 28/11/2001 08:15

The guardian reported speculation of a big contract win for MGGT yesterday,

Good news for MGGT holders,