Share Name Share Symbol Market Type Share ISIN Share Description
Spectris Plc LSE:SXS London Ordinary Share GB0003308607 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  8.00 0.26% 3,133.00 3,142.00 3,144.00 3,169.00 3,130.00 3,169.00 148,162 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 1,336.2 -4.1 -14.6 - 3,640

Spectris Share Discussion Threads

Showing 201 to 223 of 450 messages
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12:46 pm by Giles Gwinnett The firm released a trading update on Friday prompting JP Morgan Cazenove to increase by 5 percent its EPS forecast for 2011 from 103.9 pence to 109.5 pence - while maintaining its "overweight" rating for the stock Precision instruments and controls firm Spectris (LON:SXS) has continued to trade strongly to the end of the first half this year, says JP Morgan Cazenove. The firm released a trading update on Friday prompting JP Morgan Cazenove to increase by 5 percent its EPS forecast for 2011 from 103.9 pence to 109.5 pence - while maintaining its "overweight" rating for the stock. In an interim statement in May, Spectris had said it was performing strongly, but, said the broker, this had continued to 30 June. For the first half, group sales were up 25 percent - year-on year - to £505 million. Meanwhile, recent acquisitions contributed around 5 percent to the y/y growth, while currency had a negative impact of minus 1 percent. Analyst Glen Liddy went on: "The strong demand has been broadly based as it was in the first tertile. Healthy demand trends are present in all regions and end markets with all segments and regions expected to post double-digit growth. "We expect some of the strongest demand to be seen in the automotive, aerospace and mining & minerals end markets." JP Morgan Cazenove said Spectris had yet to see evidence of a weakening macro environment. "The trading update highlights that current trading conditions have remained strong for the group. The recent growth has put volumes for the group back in line with pre-crisis levels. We expect growth to moderate towards trend in the second half as the comparables become tougher." Spectris will release its first half results on 23 August.
Maybe time to update the header ? !!! Spectris plc ("Spectris", "the company" or "the group"), the productivity-enhancing instrumentation and controls company, today issues an update on trading for the six months ended 30 June 2011. The company's half year results will be released on 23 August 2011. Our May Interim Management Statement reported strong trading conditions for the first four months of 2011, and these continued for the remainder of the half year, with healthy demand in all regions and end markets. As a result, we expect sales for the first six months of 2011, on a constant currency organic ("like-for-like") basis, to be 21% higher than the comparable period last year. On a reported basis, sales are expected to increase by approximately 25%, including a contribution from acquisitions (+5%) and the effects of currency (-1%). All four segments and major regions will show double-digit like-for-like sales growth. Regionally, Asia Pacific is expected to grow by around 21%, North America by approximately 26% and Europe by around 18%. Adjusted operating profit is expected to be in the region of £80 million (2010:£49.9 million), giving an adjusted operating margin of approximately 16%. This compares with 12.3% for the same period last year. Operating cash conversion was in line with our expectations and our financial position remains strong, with net debt of approximately £74 million at the end of June. Commenting on the results, John O'Higgins, Chief Executive, said: "We are very pleased with the excellent start we have made to the year, delivering sales growth in all four of our business segments. Looking ahead, growth rates in the second half of 2011 are likely to revert to more normal levels following the strong recovery in the second half of 2010. We remain confident that Spectris will make good progress for the full year." A conference call for analysts and investors will be held at 08.00 (UK time) on Friday 15 July to discuss this statement. For dial-in details please contact Financial Dynamics on +44 (0)20 7269 7291. ENDS
Mentioned here
have to say had never heard of them till I read this in the FT the other day..congrats to those who have bought in 6/9 months ago Spectris, the instrumentation maker, rose 2.1 per cent to £15.81 after Singer Capital Markets started coverage with "buy" advice and a £18.80 target. It said the shares traded at a material discount to other electronic equipment makers even on relatively undemanding earnings forecasts.
This is the full article mentioned by broadwood on 25/5: Meanwhile it reached an all-time high of 1585 on 31/5 and is not far off that this morning. Edit at 12 24 - just smashed through that - 1590 at the moment
broadwood I've said it many times on may threads, but some of the best companies have the quietest bbs : I'm happy to let the company's results speak for themselves!
Another deserted thread - but the company is doing very nicely. Jeffries upgrades to BUY today with a TP raised to 1805p from 1430.
Spectris develops and markets productivity enhancing instrumentation and controls, and has a diverse end-user base with no single industry accounting for more than 10 per cent of its revenues. By being a provider of niche products into a range of industries, Spectris is well-placed to counter many of the challenges facing other industrial companies. With over £300m headroom on its balance sheet to finance acquisitions, the company has the firepower to consider smaller "bolt-ons" as well as more transformative deals, according to the Scotsman, which recommends a BUY
TP 1779p from Citi then.
15:05 broker upgrade again
Broker upgrades followed the statement: Panmure raised price target to £18.50 from £17.40 Credit Suisse raised price target to £16.90 from £15.90
Interesting first time i read something like that.
The pnultimate paragraph may temper enthusiasm a wee bit but very positive overall. Instrumentation and controls group Spectris plc reported a 21% rise in like-for-like sales for the four months to end-April. In its interim management statement ahead of today's AGM, the group said trading had started strongly, helped by a healthy order book following particularly good performance in the final months of 2010. Spectris had made good progress throughout all segments, geographic regions and end markets as the trends continued into 2011. Its like-for-like sales rise compared with a weak increase of 6% in the comparable period of 2010. On a reported basis, revenue increased by 25%, including a 5% rise contributed from acquisitions and 1% negative impact from currency movements. Sales increased strongly in the Materials Analysis and Test and Measurement segments, which Spectris said had not yet recovered from the downturn a year ago. In the In-line Instrumentation segment, which had a stronger period in 2010, sales growth was slower than the other segments as expected. Industrial Controls had also continued to build on its good start to the year. Regionally, sales in Asia Pacific grew by 20% on a like-for-like basis, with strong growth in China but more modest growth in Japan. European sales rose by 17% and North America was up by 26%. Chairman John Hughes said, 'The group has made a strong start to 2011. We believe that our strategy of expanding our market positions and regional presence, investing in new products and applications and seeking acquisitions will continue to provide good growth opportunities during the year. 'However, given the strong recovery in our markets in the second half of 2010, growth rates in the remainder of the year are likely to revert towards more normal levels. The board anticipates that Spectris will make good progress for the full year.' A trading update was scheduled for July 15 ahead of half-year results due on August 23.
Big rise to new highs this morning. Why? Bid rumours?
Investor site visit today, must have impressed them as just clipped a new ATH.
funny day. this share is not tracking the FTSE 250 but appears to be tracking broker momentum and the backwash from friday's results. i suspect that the floor is now £13.50-£14.00 range with upper ceiling of £16.00 DYOR, IMHO and all that.
As I say, I'd be happy with that - no point in being greedy !!!
compound that would be - over 250% per year.
3% a week compounded over a year would be more than acceptable thank you !!!
its only 3% higher than it was on Monday. but then again: that's 3 years returns from a savings account.
Honiton - 25 Feb'11 - 12:50 - 32 of 35 quite but price action muted. Depends on how you define 'muted' I suppose !
well..the old saying still holds... the better the share...the fewer the BB postings. look at BKG and SHB too.
Cracking statement - and BlackRock buying.
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