Share Name Share Symbol Market Type Share ISIN Share Description
Meggitt Plc LSE:MGGT London Ordinary Share GB0005758098 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.80 -0.51% 740.00 8,368,223 16:35:06
Bid Price Offer Price High Price Low Price Open Price
739.40 740.00 742.40 738.00 741.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 1,684.10 -334.00 -40.40 5,781
Last Trade Time Trade Type Trade Size Trade Price Currency
18:08:41 O 668 741.00 GBX

Meggitt (MGGT) Latest News (17)

More Meggitt News
Meggitt Investors    Meggitt Takeover Rumours

Meggitt (MGGT) Discussions and Chat

Meggitt Forums and Chat

Date Time Title Posts
24/9/202108:56Meggitt - Killer Technicals568
18/5/201609:05Meggit getting smashed today due to Panmure downgrade1
27/8/201413:4160p -550p range still in force.-
27/12/200614:41Is this the Stock they have missed? Meggit103

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Meggitt (MGGT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-11-26 17:29:14740.002,51318,596.20O
2021-11-26 17:14:17739.953,00022,198.35O
2021-11-26 17:03:41740.20100,000740,200.00O
2021-11-26 17:02:38740.20100,000740,200.00O
2021-11-26 16:35:52740.003,00022,200.00O
View all Meggitt trades in real-time

Meggitt (MGGT) Top Chat Posts

Meggitt Daily Update: Meggitt Plc is listed in the Aerospace & Defence sector of the London Stock Exchange with ticker MGGT. The last closing price for Meggitt was 743.80p.
Meggitt Plc has a 4 week average price of 732.20p and a 12 week average price of 721.80p.
The 1 year high share price is 846p while the 1 year low share price is currently 382.70p.
There are currently 781,266,708 shares in issue and the average daily traded volume is 1,747,488 shares. The market capitalisation of Meggitt Plc is £5,781,373,639.20.
tomgardner: Sorry if this is a naive question, but since the 800p takeover was approvedby shareholders, what is holding the share price so far back from an eventual 800p payout? Risk of the govt stepping in and pulling it?
zzaxx99: "The Board of Meggitt PLC ("Meggitt") notes today's announcement by TransDigm Group Incorporated ("TransDigm") that it does not intend to make a firm offer for Meggitt. Meggitt engaged on a constructive basis with TransDigm and its advisers in order to facilitate an offer by TransDigm and has provided TransDigm and Parker-Hannifin Corporation ("Parker") with equivalent access to both confirmatory due diligence information and management. In addition, in response to a request from TransDigm, further due diligence information was provided to both parties after the announcement of Parker's cash offer for Meggitt. " https://uk.advfn.com/stock-market/london/meggitt-MGGT/share-news/Meggitt-PLC-TransDigm-Announcement-and-Update-on-P/85997408
zzaxx99: I'm in from 259p, so I'm very happy with the current price, and rather hoping to see 900p ... but I looked at buying another trading chunk when it was only the 800p offer on the table and the price was in the low 700s and so nearly pulled the trigger - would have very happily taken a £1+ per share windfall when the new offer came in
compo62: I (mostly) sold out for 745, though I can claim little credit for it. Had a sell order in for 530 and got "best price" in the Monday morning maelstrom. Left in a small stake of "house money" to maintain interest. I have little doubt that the deal will go through in time but a counter-offer is still a possibility IMO. GLA
john068: Cassini Thanx for the info. I'm a newbie with Saxo & will check "corporate actions" is enabled. I presume I'll be asked if I want the 800p when the vote goes thru. Also thanx for explaining why the current price is only ~732p. Best John
dsct: Just popped on here to see if this is worth a buy to get near 10% upside, and I see the main options as: 1) Bid goes through, and completes as per the RNS "It is expected that the Acquisition will complete during Q3 of 2022, ..." 2) UK Govt. puts a stop on the takeover - price retreats 3) Another buyer (or more) enters the fray - >10% premium Although the 10% is not to be ignored, as it will be a year before completion, monies are therefore tied up for this period.
cassini: Nothing. There will be a vote of shareholders and if they approve then when the deal goes through you get the 800p, as long as you don't sell the shares in the meantime. You should be able to vote through the 'corporate actions' facility that your broker should run, if you have it enabled (sometimes you need to enable getting notifications of corporate actions, AGMs etc inside your broker's internet site - Interactive Investor certainly requires customers to enable that facility). On the other hand, I imagine most of MGGTs shares are held by institutions so your vote won't amount to diddly, so you can sit on your hands if you like and just let events take their course. You'll still get the 800p when the deal goes through (assuming all the corporate investors in MGGT vote 'yes'). You can't negotiate a deal direct with Parker-Hannafin, take your 800p and bail out before the deal goes through. Other than that, sell now and take the market price. It's not 800p because there is the time value of money to take into account, the market price will close towards 800p as time gets nearer to the deal date.
john068: Panmure have offered MGGT shareholders 800p per share. I own meggitt.which is currently at 736p What action do I have to take to secure the 800p offer ?
1madasafish: If the bid is £8 cash why hasnt the share price got alot nearer to this or am I missing something ?
emptyend: Even though this bid has been recommended, I'm not convinced that is the end of the story. I wouldn't be too surprised to see a counterbid. Businesses like this are tough to find and, in relative terms, the bid terms aren't much of a premium over pre-pandemic share prices, especially in the context of the general market recovery.
Meggitt share price data is direct from the London Stock Exchange
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