Tomkins Plc Share Discussion Threads

[tompion] 14/2/2002 15:49

Greg Hutchings saga closed. New CEO. Great yield. More positive press at last. I see this going to a new trading range and would expect it to reach 250p before long.

[vodden] 14/2/2002 12:40

This share has recovered strongly since September but has historically gone no where. Sure the dividend is great but has the share price now reached the top of
its current cycle? Anyone got any views?

[scripophilist] 12/2/2002 18:33

Amazed that the market has taken its time in understanding this.

[billy whizz] 11/2/2002 16:01

Good news at last...city seems to like it so far...

[scripophilist] 11/2/2002 10:54

9% is an annual figure.

[biker] 11/2/2002 10:42

I like this bit as well.

"The options will vest three years after grant and will only be exercisable if the rate of increase of EPS in a three year period is at least equal to the rate of increase in the RPI plus 9%"

Although I do wonder if the 9% is annual, or over the three year period, which is nowhere near so demanding.

Nevertheless although his remuneration package looks good, at least an effort has been made to make sure that he earns it.

[scripophilist] 11/2/2002 10:22

We will need to see if the city likes what it hears but this could be the move that finally unlocks the latent value in this company.



Today's appointment of Jim Nichol as chief executive officer of engineering group Tomkins PLC, will finally put an end to the long-running saga of the Greg Hutchings affair, which has dogged the group for over a year, and put the group firmly "back on the road to recovery", according to company sources.

Nichol, a Canadian, is highly regarded in North America where he was president and chief operating officer of Magna International Inc., the North American automotive component manufacturer. On the day he left Magna the company's share fell by 6.0 pct on the New York and Toronto stock exchanges.

Nichol is also backing Tomkins with his own money and will purchase 2 mln stg worth of Tomkins shares. He will also be granted options to buy 5,076,142 ordinary share options exercisable at 197, 276 and 345 pence a share over a three-year period.

[march] 31/1/2002 23:52

Brockman - good to see you posting again - or maybe I just missed them ?

My tomk have gone for a small loss.

[brockman] 31/1/2002 21:45

Giving back that 52%, early summer slump maybe?
Brocks

[march] 17/1/2002 19:03

Bought a few today, based on the chart. Would like to hold them for a bit. A close above 210 soon would be nice.

[billy whizz] 17/1/2002 13:44

Yep I'm happy with results and they shall remain in my PF as well....

Comment on ......"The outlook for many of our markets remains uncertain,"....

This is a fairly common statement from most companies in the present climate...anyone who sticks their neck out and says otherwise (with a few exceptions) is taking a risk of misleading their shareholders and future investors....who knows what awaits us all in 2002..???

[brockman] 15/1/2002 20:04

They scratched a little deeper in the conference call today.

"Tomkins says outlook remains uncertain posting a 15.6 percent drop in first-half operating profit on Tuesday and said its outlook remained uncertain.

Chairman David Newlands told reporters the company would announce a new chief executive next month. Former CEO Greg Hutchings, who had led the company for 17 years, quit last October after a storm about his lavish lifestyle, which included the use of four company jets. Naughty boy :o)

Tomkins posted an operating profit of 139.6 million pounds on its continuing businesses for the six months ended October 31, down from 165.4 million pounds, after booking a 12 million pound restructuring charge.

"The outlook for many of our markets remains uncertain," Newlands said in a statement. "However the actions we have taken to reduce costs, improve operating efficiency, introduce new products and maximise cash flow should result in the group continuing to perform satisfactorily." By 0825 GMT, its shares were up 2.4 percent to 214-3/4 pence in a flat market. The stock is still well down on its March 1998 closing peak of 363-3/4 pence.

Tomkins makes wheels, axles, doors, valves, taps and aluminium window frames. During the half, it sold firearms maker Smith & Wesson for $15 million, its safety footwear business Totectors for 19.5 million pounds and two other smaller units.

Revenue on its continuing businesses rose to 1.76 billion pounds for the half year, from 1.72 billion pounds. The company kept its interim dividend at 4.6 pence per share.

Sales in its industrial and automotive division were in line with the same period last year, but removing currency conversion gains and the restructuring charge, sales fell 1.2 percent.

Tomkins said production levels in the North American automotive market in calendar 2001 -- November and December are the first two months of its second half -- were 11 percent lower, with production expected to decline further in 2002.

The North American automotive market accounts for about 17 percent of its sales.

Brocks

[scripophilist] 15/1/2002 10:12

Prospective yeild is 6% and well supported too.

[scripophilist] 15/1/2002 10:11

The results look fine to me, Actually a little better than I expected and most of the metrics appear to be under control and in the right direction. Cash flow from operating activities stands at £245m and capex is equal to depreciation so the company stays in my portfolio. Still undervalued.....

[brockman] 12/1/2002 12:06

Company worth around 1.6 billion pounds, outperforming the engineering sector by about 52 per cent in the last 12 months? Results due Tuesday?
Brocks

[scripophilist] 11/1/2002 11:51

Broken temporary support, IMHO, ahead of results. Seen them do this before. Don't know if there are any rumours out there at the moment.

[mark93] 09/1/2002 23:53

results 150102 must look good. anyhow where do you get divi's / intrest like that in a bank ?

[vodden] 09/12/2001 23:15

Why were they so volatile at the end of last week?

[scripophilist] 08/12/2001 02:18

Plenty of talk on the PBB the thread has been running for 18 months.

The Gates family has a large chunk of preferance shares that were part of the takeover of the Gates group. Newlands has tried to negociate but failed to close these out of the equation.

[madgooner] 06/12/2001 18:20

Precious little on BB's about this 'Old Economy' stock. Recent price moves have been very positive. I bought on the Back of the Chief Exec's departure last year, and have watched the recovery since.

TOMK was out of fashion, but is trying to reform. US automotive exposure is a key theme these days, so maybe the recent rises are the market pricing in an earlier than previously expected recovery stateside.

I recall reading about a sizable chunk of convertable shares at around the £2.40 level, can anyone shed any light on their status and level?

[scripophilist] 05/12/2001 21:19

Chatter, edited.......