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Share Name | Share Symbol | Market | Stock Type |
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Tomkins | TOMK | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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324.40 |
Top Posts |
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Posted at 02/6/2010 16:21 by deanforester The exchange rate for the final dividend has been posted today:Interim Dividend payment 10 June 2010 Exchange Rate The exchange rate for calculating the sterling final dividend payment for the year ended 2 January 2010 has been established at US$1=£0.682798. Therefore, the final dividend payment on 10 June 2010, declared at the rate of 6.5 US cents per Ordinary share, will convert to a sterling equivalent of 4.438187 pence per Ordinary share on the register at record date 7 May 2010. DF |
Posted at 01/3/2010 11:10 by iangill In line with guidance previously given, the Board proposes a final dividend for 2009 of 6.50 cents per share, which, based on the number of shares currently in issue, will amount to $57.4 million. When taken together with the interim dividend of 3.50 cents per share that was paid in November 2009, the total dividend proposed for 2009 is 10.00 cents per share (2008: 13.02 cents per share). The Board will seek to resume its progressive dividend policy as soon as the Group's results and market conditions allow. Subject to approval by shareholders at the Annual General Meeting on 1 June 2010, the final dividend will be paid on 10 June 2010 to shareholders on the register on 7 May 2010. Shareholders with registered addresses in the UK and the Republic of Ireland will receive their dividends in sterling, unless they choose to receive them in US dollars. All other shareholders will receive their dividends in US dollars. Any currency elections need to be received by the Company's registrars, Equiniti, no later than 21 May 2010. The exchange rate that will be used to calculate the dividend amount payable in sterling will be determined by reference to the prevailing forward exchange rate for the dividend payment date achieved by the Company on or around 1 June 2010. We will publish the exchange rate on the Company's website on the following day. . |
Posted at 17/8/2009 11:37 by wad collector From the Mail,sim story in IndependentCompany: Tomkins Event: Interim Results Pretax loss: £69.6m, +89% Dividend: 3 cents (1.8p) One-year share price performance: +25% The engineer Tomkins has suffered badly at the hands of the collapsing US automotive market. But there are now signs it may have entered recovery mode. The interims reveal that sales volumes were down sharply. But in June and July the rate of decline slowed markedly and analysts predict that business will continue to improve. The loss before tax included £74m of restructuring costs and another £20m of impairments. Leaving them to one side for a moment, and appears the underlying performance was actually a lot better than the City had been predicting. The dividend, which is paid in US cents, has been severely pruned back to 3.5 cents a share from 11.02 cents. But this is again is in line with forecasts and allows the metal basher to make a full-year payout of 10 cents - which is what it promised investors. Yet all this and more is factored into the share price, which has almost doubled since hitting a year low in November. Tomkins is now valued at heady 37 times this year's earnings. This is just too expensive, even if 2009 proves the low point in the cycle. Verdict: Too dear I shall continue to hold. |
Posted at 13/8/2009 09:44 by deanforester Obviously something is screwed up in ADVFN's RNS system. The Placing RNS at 0600 on 13/08/09 is nothing to do with TOMK, and they have not picked up the interim results RNS.That you can see at 1. KEY POINTS * Sales were $2,002.3 million (H1 2008: $2,927.0 million) * Adjusted operating profit(1) was $82.3 million (H1 2008: $242.7 million(2)) * Adjusted operating profit of ongoing segments was $89.8 million (H1 2008: $240.6 million(2)) * Loss before tax was $114.9 million (H1 2008: profit of $61.3 million(2)) * Operating cash flow(3) was $14.6 million (H1 2008: $90.4 million) * Net debt was $515.9 million (H1 2008: $702.8 million, FY 2008: $476.4 million) * New $450 million forward-start committed borrowing facility completed, maturing in May 2012 * Adjusted diluted earnings per share(4) were 2.99 cents (H1 2008: 16.84 cents(2)) * Diluted loss per share(5) was 14.07 cents (H1 2008: earnings of 0.42 cents per share) * Interim dividend of 3.5 cents per share (H1 2008: 11.02 cents) * Restructuring initiatives on track to achieve cost savings of $150 million per annum by end of 2011 * H1 2009 headcount reduction of 3,900 * Acquisition of Hydrolink to complement Gates Engineering & Services (1) Operating profit before restructuring initiatives, impairments and the amortisation of intangible assets arising on acquisitions. (2) Restated to reflect the adoption of an amendment to IFRS 2 'Share-based Payment' (see note 1 to the accompanying financial statements). (3) Operating cash flow is cash generated from operations less net capital expenditure. (4) Adjusted earnings per share is based on earnings from continuing operations before items excluded in arriving at adjusted operating profit and related tax effects. (5) From continuing operations. The interim dividend for 2009 of 3.5 cents per share will be paid on 19 November 2009 to shareholders on the register on 16 October 2009. Shareholders with registered addresses in the UK and the Republic of Ireland will receive their dividends in Sterling, unless they choose to receive them in US dollars. All other shareholders will receive their dividends in US dollars. Any currency elections need to be received by our registrars, Equiniti, no later than 29 October 2009. The exchange rate that will be used to calculate the dividend amount payable in Sterling will be determined by reference to the forward exchange rate achieved by the Group on or around 5 November 2009 for settlement on the dividend payment date. This rate will be published on the Group's website on the following day. |
Posted at 13/8/2009 07:23 by mike24 chart lookin good, and a big thxs to tomk for helping our localcharity in difficult times, |
Posted at 02/3/2009 08:54 by iangill Dividends for 2008 and future dividend policy In these difficult economic conditions, the Board considers that it is important to strike a balance between preserving balance sheet strength and providing a return to shareholders. Accordingly, the Board has decided to propose a final dividend for 2008 of 2.00 cents per share, making a total dividend for the year of 13.02 cents. For 2009, the Board has decided to target a total dividend of around 10.00 cents per share, subject to the prevailing conditions and market outlook. It is currently anticipated that future dividend payments will continue to be split with approximately one third of the dividend to be declared and paid at the interim stage and two thirds at the full year. Looking forward, the Board will seek to resume its progressive dividend policy from this rebased level as soon as results and market conditions allow. Subject to approval by shareholders at the Annual General Meeting on 1 June 2009, the final dividend will be paid on 10 June 2009 to ordinary shareholders on the register as at the close of business on 8 May 2009. |
Posted at 28/12/2008 09:39 by mike24 an engineering firm in the midlands on the blinkhas received a life saving order from norway thanks to weak £ 1-1euro won't stay this low for long why don't tomk exploit this area of small firms who don't have export know how, as for auto industry BCA are shifting fleet loads of fuel guzzling low mileage Touareg's through auctions, LR/JAG need to shift stocks now at heavy discounts through showrooms via goverment aid, otherwise punters will sit back and wait for bankrupt stock, auto/residentual prop must have easy finance, & good deals to put a floor under falling prices, you need to create a small dose of inflation to defeat deflation, edit30/12 gm touched 11% rise as attractive financing deals on cars gave a much needed lifeline from 0.9% over 5yrs,plus lowering credit scores to consumers,GM blamed meltdown on customers inability to obtain finance, someone tell grabber brown what is needed city geezers/newspaper economists could ditch their beemers/merc's and put something back buying LR/JAG's and then buy tomk shares for a free ride edit 26/1 Alan Sugar our small & medium sized businesses are the backbone of the economy we the buying public have a duty to buy british to keep people in jobs as for japanese reliability go through Auto-Mart and work out which 4x4's being sold approaching specific milage, gearboxes failing at 90k and engines around 110k, germans have woken up to the fact they can save a fortune buying a car in uk, kitzbuhel,austria just down the road from porsche design centre, the RangeRover sports is best selling 4x4 outstripping all other non-german makes put together. ask the Ph4 how much the rover mg sports cars were flogged off for was it 2k each shipped to spain sold for 10k???????????? |
Posted at 02/7/2008 09:54 by iangill Short term market panic, car and home sales in US down and looking to get worse.Would expect TOMK to be a survivor and to be stronger when recovery starts, would like to pick up more of these but not sure now the best time, will wait 6 months to see if any recovery in the US. Anything under 140p looks like a bargain to me. |
Posted at 21/4/2008 16:54 by true_brit Have any of you shareholders clocked into what Newlands and co are doing at Tomkins taking it to the USA to get the heat off them in the UK and enable them to slash the dividend (and may be even reward themselves better).Step 1: Say you are 60% based in the USA (so what!!) Step 2: Redenominate pound shares into dollars (why?) Step 3: Pay dividends in dollars (more reliable for American shareholders!!) Step 4: Schmooze the investors by saying you will keep headquarters in UK (smelly having sold the Putney HO for a vast profit and made a number of the staff redundant!!) Step 5: Open a new head office in ski centre Denver (disguise it as near Gates operations and conveniently lucky the CEO prefers to spend lots of his time already in USA and fortunate too that the FD lives there!!) Step 6: ok chaps now that we are an American company lets look at comparable US companies' dividend yields (wow much lower/if pay at all!!) Step 7: Say hello to the institutions in US and conveniently the 14% in Toronto (all mates fortunately!) Step 8: Hey presto sorry UK boys need to conform have to half the dividend! (it's ok the Americans don't mind) Step 9: Good job deserves more directors' pay! (ho ho!) Step 10: NEXT why not look at comparable remuneration..(good idea David) Step 11: repeat steps 9 and 10 (recurring). Why not retain your £ dividend by voting against resolution 16 before/on 1 May. |
Posted at 22/2/2008 12:38 by andyderbys The Investment Column: Tomkins blown off course by strong US headwindsby Cliff Feltham Friday, 22 February 2008 Our view: Buy Share price: 189.5p (+3.75p) Tomkins was a bit of a conglomerate hotchpotch best known for making guns and buns before exiting to concentrate on supplying components for the motor and construction industries. A pity, then, that both are under the cosh at the same time. Faced with what it calls US headwinds, it has been trimming its sails, selling unprofitable bits of the group, shutting plants where demand is weak and costs are high, and generally tightening up overheads. The measures have proved timely at least for now. Profits for last year came in at £262m, up 7.3 per cent on slightly lower sales. Tomkins sells plastics baths, doors, windows and pipes to the residential housing market in the US which has been weak and is due to get weaker still. Housing starts will fall 20 per cent this year. The industrial automotive division makes transmission belts, fluid hoses, wipers and radiator caps but will be tested by a sharp slowdown in the number of cars leaving US assembly lines this year. The group has been pushing hard in emerging countries not only to exploit new opportunities but to provide a buffer for any decline in mature markets. Sales to China, where it opened seven plants last year, advanced 37 per cent, India 32 per cent, and Eastern Europe 25 per cent. Around 20 per cent of its manufacturing is now in low-cost countries. Tomkins is becoming more innovative launching environmentally friendly products and those that will help automotive customers meet fuel economy and emission requirements. For example, a remote tyre pressure gauge, originally developed as a safety feature for US cars, is now in demand by European manufacturers for its fuel saving features. A drive to cut costs across the group has targeted annual savings of £50m by 2010. With 60 per cent of its business in the US, it is exposed to dollar weakness against sterling which lopped 6.1 per cent off sales and over £19m off profits. In future the results will be reported in dollars to give a more accurate idea of the underlying performance. As expected, the group held the final dividend at last year's level providing strong support for the shares which are trading on an attractive yield of 7.3 per cent. Buy. |
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