Meggitt Share Discussion Threads

[rampmeister] 27/11/2006 09:46

Dropping steadily again today altho market slightly up and others in sector showing blue - any ideas why MGGT so unloved?

[merob] 09/11/2006 22:25

Good idea, if you can be so tough with yourself.

Thanks for the comments.

[machoolahan] 09/11/2006 20:53

Worth reading UBSs comments (Google News "Meggit") just to see how the analysts try and work the market. What they said on the 7th November could have been said six weeks before (A380 went slightly sour in very early October), but until then they kept bullish on the stock - presumably dumping. Expect a similarly out of date bullish take on events once they have loaded up at a lower price. EADS are hardly the sole client on Meggitt's list but given a flaky stock market the reaction will always overshoot.

Other than that, yeah unless you are one of those mysterious companies that has driven the FTSE to multi-year highs since June (I can't quite fathom what has done so well - BP.? nah) the general conditions are downward for most stocks - just sitting put because I can't even try to trade sentiment - it's just a waste of time and money.

[bigbertie] 09/11/2006 17:10

not sure.....aerospace business looks bouyant for next few years. there will be some delay in shipping engine monitoring systems for A380, but otherwise the outlook is fine (I think).

[merob] 09/11/2006 09:53

What's WRONG with this stock?

[machoolahan] 08/11/2006 17:00

That'll be a "no" then....

[machoolahan] 03/11/2006 13:18

Usually quite a good respecter of technicals this one - so hoping the following trend line does its business....

[rkjones] 03/11/2006 11:25

Buy recommendation in todays Investors Chronical. Would have thought it would have had a more positive effect!

[rkjones] 03/11/2006 11:24

Buy recommendation in todays Investors Chronical. Would have thought it would have had a more positive effect!

[ruffjp] 02/11/2006 14:59

tree shake and wider market is down

[pearlfisher] 02/11/2006 13:16

I did notice that some big trades went through early in the day. Volume was 1M by around 9am. Is this a continuation of the buying that we saw last month?

[machoolahan] 02/11/2006 12:59

Not AFAIK arja. Is odd after yesterdays new highs....

[arja] 02/11/2006 11:28

quite a drop today ! Has there been unexpectedly bad news does anyone know ?

[maximoney1] 01/11/2006 14:18

Cheers explorer88.

[explorer88] 01/11/2006 14:01

hi max - you'll get an e mail from me in a few weeks time. SRF doing well.

[explorer88] 27/10/2006 12:33

maximoney1 - thanks for your suggestion, will check it out.

CH / max - i'd be happy to share my insight / analysis with you (perhaps privately?, as i don't want the target's share price to get ahead of new contract newsflow). I'm just about to embark on building a significant long term stake in the target which, realistically, will take about a month.

[pearlfisher] 27/10/2006 11:16

thanks ruffjp

[ruffjp] 26/10/2006 15:33

from Yahoo.com:-

"In other economic news, the government said that orders to U.S. factories for big-ticket manufactured goods, powered by a huge jump in demand for commercial jetliners, soared in September by the largest amount in more than six years.

The Commerce Department reported that orders for durable goods rose by 7.8 percent last month to $226.7 billion. The increase followed two consecutive months of declines and was the biggest gain since June 2000.

The improvement was more than triple the 2.3 percent gain that Wall Street had been expecting, but virtually all of the strength came from a giant 183.2 percent increase in orders for commercial aircraft. Outside of transportation, orders were up a far weaker 0.1 percent.

In a third report, the Labor Department said the number of newly laid off workers filing claims for unemployment benefits rose by 8,000 last week to a seasonally adjusted 308,000. That increase was in line with expectations.

The September 7.8 percent increase in factory orders followed declines of 0.1 percent in August and 2.8 percent in July. Despite last month's jump, analysts believe that the factory sector is slowing under the impact of a weakening overall economy.

The economy began the year with growth at a sizzling pace of 5.6 percent at an annual rate but saw that slow to 2.6 percent in the spring and analysts believe overall economic growth in the just-completed July-September quarter slowed even further to around 2 percent or less. The government will report the actual third quarter figure on Friday.

For September, transportation orders rose by 27.6 percent as the big jump in demand for commercial aircraft offset a 6.1 percent drop in orders to automakers, who have been struggling recently under the impact of weak sales of trucks and sport utility vehicles.

The rise in commercial airplane orders had been expected, given that Boeing Co. booked new orders for 175 planes, up from 30 in the prior month."

[ruffjp] 26/10/2006 15:22

Fid join the party, previously 13.35% now 12.95%. ????

Pearlfisher, not nec' 0% just not notfiable i.e less than 3%

[pearlfisher] 26/10/2006 14:46

Lehman report 5% on 12 Oct then zero on 19/10
Barclays report 5.67% on 12 Oct then zero on 19/10
and Cater Allen report 5% on 16 Oct then zero on 17/10
15.56% of MGGT changed hands in a week.

Was it a placing in connection with a previous acquisition or something else?

[maximoney1] 26/10/2006 12:04

explorer88 - 21 Oct'06 - 10:36 - 43 of 56
re post...check out IDN...might be of interest over that time scale.

sorry off topic everyone else.

:-)

[ruffjp] 26/10/2006 10:20

I'm not sure, from purely fundamental point of view this company looks healthy enough with a strong forward order book, Aerospace sector is is an upturn, note Boeings results earlier this week with strong a order book going out 2 years+

I'm just suspicious that something is up and not necessarilly negative.