Meggitt Share Discussion Threads

[danny murphy] 17/8/2006 07:36

294p, will it break the 300p barrier today???

[machoolahan] 16/8/2006 23:33

Thx churchtower! Here's the 5 year chart - killer technicals...



It may still be in the triangulation actually - tomorrow is key. The "older" trend line usually "wins" though - and the fundamentals seem sound enuff. Long and strong. Who is in with me on this respectably quiet thread?

[churchtower] 16/8/2006 15:52

Machoolahan -looks like a good call at the moment. Well done. CH.

[machoolahan] 16/8/2006 12:15

Looking solid today - that lower trend line its bouncing off goes back years. Have had a dabble....

[jezboy1] 08/8/2006 12:58

Interesting - latest RNS suggests that PRU have increased holding by .25%
on the back of Fidelity etc. dumping about 1%. The latter looks
like they are busy reducing exposure to Defence, as the same story
holds at BA.

Could well be one to look into.
Any thoughts from the any long holders?

[danny murphy] 07/8/2006 19:53

289p close today, looks promising!!!

I'm expecting a 10% rise before the interims!!!

[danny murphy] 07/8/2006 15:04

I'm in today 10k @ 286.214p.

Interims due 5 Sept on the back of recent bullish AGM statement.

Looks good to me!!!

[jezboy1] 07/8/2006 11:32

Hi there

anyone still in this? See share price is trading at PE - 13ish,
so I am interested.

Any recent news, or has this share price drop just reflected
a company that has simply fallen out of favour
in times in which most of the market is struggling?

thanks in advance
J

[adriand] 22/6/2006 21:20

stick Meggit into your newsmonitor and you will find this

"Meggitt 300-3/4 up 10-1/2
Numis 'buy' with 365 pence target
"

[bigbertie] 21/6/2006 19:56

a good rise today in a weak market, but I can't find any announcements or reports. at least we are back up to 300p. however I can't see it going much further unless some important news comes along.

[bigbertie] 10/4/2006 20:52

The shares rose in late March because of talk that Meggitt was about to tie up a big government contract (according to the FT). But nothing has happened, and the shares have gone xd, so I suppose some people are taking profits on the recent big rise. Of course the big contract might still come........look what happened to Chemring when they got a big contract from the US government.

[hirani2] 10/4/2006 15:04

Why is this falling,where will to stablise.

[bigbertie] 08/3/2006 11:55

blueliner - you could read the results RNS. It's very informative. with the share price falling back it could be a good time to get in, but dyor of course.

[blueliner] 08/3/2006 11:17

Been looking at this one, although share price has fallen, can anyone tell me exactly what is the current net debt of this co (seems to be weighty) & how critical is the large pension deficit. I am aware of the plus factors ie 20.0% ROCE, good prospects etc, must look at the negatives

[bigbertie] 07/3/2006 17:01

Results out today and look fine. Most of the business is Aerospace, which has long-term orders with Eurofighter, Boeing, Rolls-Royce, sales grew both organically and from acquisitions, debt fell, dividend increased (yield is only 2.1% but this is normal for aerospace sector). On the negative side, the pension deficit rose to £98m - they will have to address that. I expect the share price to take a breather now, but I'm holding for the long term. Good luck all.

[hirani2] 06/3/2006 20:09

what were there result like.

[bigbertie] 15/2/2006 14:29

It has risen 20% in the last 6 months so a pause for consolidation is to be expected. I do agree its a bit high now, but the rest of the aero/defence stocks have been going up too, so I'm not worried. Although I expect some short term drifting I'm holding because I think its still a good long term bet and if I sell its bound to leap up suddenly before I get back in. I need a few long-term holdings to fill up the ISA!

[zeel] 14/2/2006 12:37

Results 6th March!

You tend to get a rise into results these days if good news so why the selling?

[zeel] 14/2/2006 12:20

I have noticed the weakness here and have gone short (target 20points)

Anyone else got any views?

[bigbertie] 10/1/2006 11:10

I'm afraid I have no idea. All the Aero/Defence stocks should benefit from strong markets over the next few years, but all have gone very high, so I am not expecting much upside this year. I am impressed by the way that Rolls has pulled itself out of a worrying period a few years ago, and now has good cash flow, lots of contract wins, and a big chunk of aftermarket business. However it has shot up, and there is always a risk of falling margins because of the intense competition for big contracts.
Results are coming up soon, and I think these will need to be very good to keep the share prices rising in the short term. A possible negative is pensions, as they have net deficits of £2.8bn (BAe) and £1.4bn (Rolls) and these could increase due to increased longevity assumptions.

Apart from MGGT the only other stock I hold in this sector is Chemring which is much smaller and is undergoing a bit of a trasformation.
All just IMHO - I'm not an expert in the sector. Good luck.

[hirani2] 08/1/2006 22:44

Bigbertie do you think rolls royce or bae offer better potential.

[bigbertie] 08/1/2006 15:25

I believe the long term prospects are still good, given the continuing recovery in the aircraft market and Meggitt's involvement in major projects such as A380 and 787.
However the share price now looks rather high, and debt is also high. The shares have risen particularly fast recently and I expect a correction sometime in the next six months. The dividend yield is too low to provide support.
Of course a bid is also possible, but at the present share price expected profits for 2005 are only about 3.5% of the enterprise value (including a 20% bid premium). I don't think anyone would pay that.
All this is just imho of course. Anyone got another view?

[hirani2] 08/1/2006 14:49

This was been rising steadly all last year,what are there prospect like this year.

[alan@bj] 05/8/2005 11:30

Shares rose to 3.16p yesterday on notification that Fidelity had a notifiable interest of just over 8%. Results out in about a month, shares have been rising steadily.

[pratbh] 29/7/2005 20:46

Big move on strong volume without any attributable news can only be a good sign.