Tomkins Plc Share Discussion Threads

[scripophilist] 09/6/2001 18:42

Told today that they have been tipped in shares magazine.

[biker] 08/6/2001 16:39

I haven't taken any notice of WdB since Calluna days.

That taught me where their priorities lie.

[scripophilist] 07/6/2001 11:58

Chris, a very slow, but steady, uptrend in place now. If no suprises could put on another £1 over the next ten years or so!!!!

[chrisg] 30/5/2001 17:24

M.T.Glass - I agree. Could go either way. Its posssible to draw upwards trendlines on the chart, but t.a. is only valid until fundamentals get in the way, and I noticed the bit in Investors Chronicle last week about the risks of the gun litigants in the States seeking to undo the sale of Smith & Wesson, on the basis of some kind of fraudulent avoidance of liability. Continuing to hold, but now watching like a hawk for any trends setting in.

[m.t.glass] 30/5/2001 13:55

ChrisG - 10:23am today somebody did finally follow WdB's advice... £1.8m in two sells. Maybe someone sees the rsi pattern as suggesting it's on its way down now? Could go either way in my view.

[bpoole] 15/5/2001 16:26

Oh happy days!

[chrisg] 14/5/2001 23:20

CB

Yes, spot on! It was Williams de Broe, earlier this month! Hope no one on this board followed their advice ;-)

[charles bronson] 14/5/2001 23:12

Didn't I hear some broker rated TOMK as a SELL recently :)

It would be interesting to know if anyone on this board uses a contrary broker rec type system, ie sell if holding "holds" buy "sells" and short "buys"

[scripophilist] 14/5/2001 18:57

You are correct, I miss read.

[chrisg] 14/5/2001 18:37

Scrip

But don't the contingencies relate to the deferred element of the consideration? The press release states clearly that no indemnities have been given by Tomkins in respect of the litigation. So one of the main drags appears to have gone. Hence today's leap for joy in the price. Or have I missed something?

[scripophilist] 14/5/2001 17:23

S&W sale is interesting and complex but contingent liabilities still exist. Charge to be taken on next report. Complicated picture isn't it.

[bpoole] 14/5/2001 16:31

WOW!!! I'm in the money.

[assagai] 12/5/2001 00:08

Bob Agreed this years ISA is 100% Tomk. Growth + Yield A real ISA fit!

[tomkin] 11/5/2001 00:15

Tomkins moving up today, should be going down! Bid?? Any news?

Tomkin.

[bobsims] 10/5/2001 14:22

I'm a long term holder of TOMK and the buy-back seems to have had the effect of withstanding the Spring crash pretty well.

I would have thought this was quite a good one for the ISA ?

[scripophilist] 10/5/2001 13:09

Spotted that, Can't detect anything and the grapevine isn't telling me anything either.

[bpoole] 30/4/2001 16:05

Schroders have increased their holding to 14.172%.

[scripophilist] 27/4/2001 10:47

But it is not up to date.

[bpoole] 27/4/2001 09:21

Things look pretty grim. No buy backs until June 28th so the share price could fall below 130 until then.

What will the yield be after the dividend cut?

Anyone know where to find an up to date share holding list?

[scripophilist] 27/4/2001 08:47

Hmmmmm, Everythings not alright, but it is, but it isn't, but it is! Guess we will have to wait till 28th June.


The board of Tomkins PLC today announces a Group trading update in advance of
entering its close period ahead of the preliminary announcement on 28 June
2001 of its full year results for the year ending 30 April 2001.

At the interim results' announcement in January we indicated that the second
half of our financial year to 30 April 2001 was going to prove challenging.
Since that time, and as anticipated, there has been further deterioration in a
number of the markets in which we operate particularly in Engineered &
Construction products and in the automotive original equipment market in North
America. We have also seen some weakness in the Automotive aftermarket
principally due to further de-stocking.

The broad spread of our businesses has to some extent mitigated market
weaknesses, but the deterioration in trading conditions has inevitably
affected the Group's financial performance. We have during the period
continued aggressively to take actions to reduce the cost base and improve
efficiency although some of these actions have had associated short-term
costs.

Also during the period there has been a settlement of litigation, which was
outstanding at the time of the acquisition of the Gates Group in 1996. The
settlement has resulted in an award in favour of the Group of $41 million
including interest of the order of $5 million. In accordance with the original
acquisition agreement this will result in the issue of further preference
shares with a nominal value of around $9 million to existing preference
shareholders. The balance of some $32 million is required to be recorded as an
exceptional credit to income classified as to approximately $27 million
operating profit and $5 million interest income. The cash is expected to be
received shortly after the year-end.

Taking into account the above, the results for the current year are expected
to be in line with current analysts' expectations.

Whilst we anticipate that trading in our new financial year will continue to
be challenging, we are not expecting the sharp deterioration which we
experienced in some of our markets in the first quarter of this calendar year
to continue. It is too early to anticipate the financial effects of the weak
economic climate but against this background the board expects, at this stage,
an outcome for the new financial year towards the lower end of current
expectations. The cost reductions and other actions we are taking in our
businesses will provide a sound platform for growth as our markets recover.

The share buy back programme has continued and since 16 January 2001, the date
of our announcement of the interim results, we have acquired a further 35.7
million Ordinary shares at an average price of 157.5 pence with 782.5 million
Ordinary shares remaining in issue. The share buy back programme has been
suspended for the close period and will recommence following the announcement
of the Group's financial results for the year to 30 April 2001.

[scripophilist] 24/4/2001 17:10

I now make it around 25% of the company is now owned by value investing houses.

[anon] 24/4/2001 17:01

and from the Lens website

LENS INVESTMENT MANAGEMENT

Led by John P.M. Higgins, Chief Investment Officer, and Richard A. Bennett, Chief Activism Officer, Lens is making itself available to separate account managers and pension plans in need of its special services. These services include analyzing a company's strategic focus, market performance, financial and governance structure, producing private and public pressure on management to make changes that will create value, and leading shareholder communications and proxy solicitation efforts. While each Lens effort is unique, the firm expects to be compensated on a performance fee basis and through investment gains realized by investing alongside its institutional partners. Lens may initiate an investment and then seek out an investment partner. Additionally, it will carefully evaluate potential investments brought to it by entities already invested in a particular stock. Because Lens seeks only one or two investments at a time, it is very selective in its choosing of investment candidates.

There is potentially significant demand for Lens' services. Despite the long running bull market in US equities, numerous stocks trade at significant discounts to their underlying value. Frustrated owners and investment managers, unable to get out of under-performing positions, should find Lens' proven ability to unlock value very attractive.

[scripophilist] 24/4/2001 15:44

Woah, Where did these guys come from..

2 Name of shareholder having a major interest:
Lens Investment Management, LLC

3 Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:
As 2 above

4 Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
Chase Nominees Limited

5 Number of shares/amount of stock acquired:
Not notified

6 Percentage of issued class:
Not notified

7 Number of shares/amount of stock disposed:
Not applicable

8 Percentage of issued class:
Not applicable

9 Class of security:
Ordinary shares of 5p each

10 Date of transaction:
6 April 2001

11 Date company informed:
23 April 2001

12 Total holding following this notification:
31,501,032

13 Total percentage holding of issued class following this notification:
4.01013%

[yogi] 23/4/2001 22:48

Scripophilist,

Did you see the article in the times today?