Tomkins Plc Share Discussion Threads

[topvest] 27/7/2010 20:54

325p will do me, but will wait. This was less than a £1 18m ago.

[wad collector] 27/7/2010 10:05

Up to the offer price now.Time to go?

...I'm outahere.323.7 will do me , still a tiny bit of uncertainty and cost me a dealing fee, but I would rather invest elsewhere today.

[sandlab] 23/7/2010 11:56

Comment in the Telegraph in two separate pieces:

However, for Tomkins, the honeymoon has been soured slightly – with chatter of close ties between Onex and Tomkins' management ruffling some feathers. Pride, said some shareholders, prejudice said those close to Tomkins.

and

Conversations over a bid are understood to have begun four months ago and were sparked by the close ties between Jim Nicol, Tomkins' chief executive, who is Canadian, and Onex. Mr Nicol knew Onex while he was chief operating officer at car parts maker Magna.

The steady climb back from 294 to that initial price, after the announcement, is almost complete.

Not sure which way to interpret the above pieces. Let go soon or hold on for further possible action?

[wad collector] 22/7/2010 12:03

There is still a 19p gap between offer price and todays share price ; there is some uncertainty there, suspect most of us are holding for the extra 19p and no dealing costs, but only Jon827 confident enough to buy now for a quick 5%.

[elliotset] 22/7/2010 11:41

Looks like deal over weekend to be done , was just mentioned

[jon827] 19/7/2010 08:49

"The Board has considered the terms of the Proposal and has allowed the Consortium to conduct due diligence on the Company, which is now at an advanced stage. "

[wad collector] 19/7/2010 08:45

"At present, there can be no certainty that a formal offer will be made for
Tomkins or the terms on which any offer would be made."
It ain't cut and dried.

[jon827] 19/7/2010 08:39

Looks like the market is feeling charitable this morning, it doesn't want the extra 12p

[wad collector] 19/7/2010 07:44

Ooh , we like that!Currently hovering around 305p which suggests a bit of uncertainty and not much confidence of a higher offer.

[stoxx67] 19/7/2010 07:08

yep... well done to all who spotted the value here...

[topvest] 19/7/2010 06:48

325p possible offer just announced. That sounds a reasonably good result for shareholders if that goes through.

[wad collector] 15/6/2010 16:45

Moved to a 3 year high today.The worst safely behind us?

[restassured] 03/6/2010 07:54

The summer rally has begun.Markets were deeply oversold,throwing up some real bargains.This is one :-)

Looks like a big double bottom.

[deanforester] 02/6/2010 16:21

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

[restassured] 28/5/2010 11:13

I would imagine it is companies like this, that will get taken over in the next 12 months.

[restassured] 28/5/2010 06:34

05/28/2010 08:24:59 - *FTSE 100 End Of 2010 Target Raised To 5800 From 5000 By Morgan Stanley

[loganair] 19/5/2010 08:25

Tomkins, the maker of systems and components for the industrial and automotive markets, could be worth up to two-thirds more than its current market price in Nomura's best-case scenario.

"Extensive rationalisation, structural growth opportunities and potential for significantly higher returns warrant a re-rating of the stock, in our opinion," writes the Japanese broker.

It expects structural (excess) growth of around 4-5% in the next cycle worth an extra 50-60p a share, driven by expansion in green markets, aftermarket opportunity in Asia and structural shift in the consumer demand towards small cars.

Nomura maintains its 'buy' rating and increases its target to 320p from 240p, but thinks the stock is worth about 410p in its best-case scenario

[restassured] 18/5/2010 08:05

Big upgrade by Nomura today to 320p from 240p

[wad collector] 10/5/2010 12:49

FRIDAY

The Times

Will double-digit margins put Tomkins in a different gear? The vehicle and industrial engineer does the majority of its business in the US but if it reaches 290p it will re-enter the FTSE 100. A quarter of Tomkins's business is in US construction, a sector which is still hurting. Even so, buy on weakness.~

[wad collector] 06/5/2010 07:18

Interim Management Statement
Tomkins, the global engineering and manufacturing group, sets out below its
Interim Management Statement covering the period from 3 January 2010 to 5 May
2010, and provides an update on the outlook for its end markets for 2010.

Key Highlights
· Greater than anticipated volumes across our industrial and automotive
businesses, principally due to underlying demand rather than restocking.
· Continued weakness in the North American construction markets.
· Continued improvement in the Group's adjusted operating margin driven by
both higher volumes and benefits from restructuring initiatives, with the Group
as a whole achieving a double-digit margin in the first quarter of 2010.
· First half of 2010 is expected to remain strong, but continued momentum
in the second half is uncertain.

Seems to be well received this morning.Up 10p despite ex 6.5p div yesterday.

[topvest] 26/4/2010 20:10

A tad insensitive. They've done well to preserve shareholder value at Tomkins though so shareholders are generally happy.

[wad collector] 26/4/2010 09:13

Mmm, moving further into 3 yr high.

Not a popular payrise on the shopfloor I should imagine :



Tomkins hands CEO Jim Nicol 58pc pay rise
Tomkins, the British engineering group, has awarded its chief executive a 59pc pay rise despite laying off thousands of workers in the wake of the downturn in the automotive industry.


By Jonathan Sibun, Assistant City Editor
Published: 6:19PM BST 19 Apr 2010

Tomkins

The FTSE 250 company awarded Jim Nicol a £2.7m pay package after the group climbed back into the black in 2009. Mr Nicol received a £955,000 salary and bonuses and other benefits worth a further £1.73m, according to the group's annual report.

The payout comes a year after Tomkins risked a pay-for-failure row after awarding Mr Nicol a £500,000 bonus despite falling to a $7.6m (£4.96m) loss in 2008. In 2009 the company improved its financial position but made a pre-tax profit of just $38.4m against a profit of $525.1m in 2007.

[iangill] 07/4/2010 12:34

Nice sustained rise but no sign of a bid, anyone heard any news?

[iangill] 01/3/2010 11:10

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.
.