Tomkins Plc Share Discussion Threads

[iangill] 22/2/2006 08:50

The Board has recommended a final dividend of 8.16 pence per ordinary share,
which, together with the interim dividend of 5.07 pence per ordinary share paid
on 14 November 2005, brings the total dividend for the year to 13.23 pence per
ordinary share, an increase of 5.0 per cent. The final dividend, if approved at
the Annual General Meeting, will be paid on 31 May 2006 to shareholders on the
register at the close of business on 21 April 2006. The Group continues to
emphasise the importance of cash flow generation to its business managers, as
this supports the Group's progressive dividend policy.


Another solid performance in difficult times, company looks set to benefit from any upturn in economic activity and has energy and focus. I like it.

[iangill] 20/2/2006 09:21

Results due on Wednesday, any predictions for the sp? Had a good run of late. Management have been promising to turn the company around for several years since Jim Nichol took charge, about time some of the savings they have made fed through to the bottom line.



2005 Preliminary results announcement
22 February 2006

First quarter 2006 results announcement
3 May 2006

Annual General Meeting
22 May 2006

Interim 2006 results announcement
2 August 2006

Third quarter 2006 results announcement
31 October 2006

[tompion] 19/2/2006 09:11

Not an unreasonable stance from CSFB as Tomkins has had a great run of late.

[lbo] 18/2/2006 18:37

The Guardian

Tomkins was also hit by a broker downgrade, with CSFB lowering its recommendation to neutral from outperform as the stock is nearing its maintained 330p target price. Tomkins closed down 8.25p at 322.25p.

[iangill] 13/2/2006 15:21

Anyone know when the results are due, sometime around the 23rd Feb?

[2hugh] 02/2/2006 15:44

Tomkins has been a good stock with strong dividend yield and now a good share price this type of stock should weather most storms in the market

[betman] 02/2/2006 14:51

Is this just FTSE moves, results speculation, a bid ??? , doesnt look like dollar gains

[tompion] 01/2/2006 16:17

Nice run - after all the time it took to get above £3 and now it has gone mad, well mad for Tomkins. Almost an exciting share at the moment.

[iangill] 01/2/2006 14:25

Good gain today, any news?

[dodge7] 01/2/2006 13:16

bought into these a few days ago. quiet bb on here... usually a good sign imo.

d7

[tompion] 29/12/2005 18:22

Poacher - yes - the dollar and good trading statement is presumably keeping this share on the up. I will hold on and see how the price can go in the next few months.

[poacher45] 29/12/2005 16:39

Just remenber before you sell that the dollar is getting stronger.

[tompion] 29/12/2005 15:53

Looks like its going to close well above £3 today for the first time. Chart looks
very good - sold 40% of my holding today. Will keep the rest to see how it goes over the next couple of weeks.

[jeffian] 20/12/2005 17:51

It did, tompion, though it didn't quite hold it at the end of the day. I got 300.03 on a sale of 4000.

Regards, Ian

[tompion] 20/12/2005 16:48

I am saying nothing - every time I say it is going to break 3 quid it decides to fall back.

[jeffian] 20/12/2005 12:16

Looks like your hope fulfilled, tompion. £3 here we come.

Regards, Ian

[lbo] 08/12/2005 10:27

Well at least the share price is heading back down like they said!

[scallywagkid] 28/11/2005 13:50

Wouldn't want to pay for SG research!

[tompion] 25/11/2005 20:52

I expected Tomkins to fall back today as people took profits on a good rise this week but it did well to hold up. Encouraging. Still hoping it can break 3 quid.

[lbo] 24/11/2005 14:01

SG Securities says sell Tomkins (TOMK.L) (but raises estimates and fair value price to 255p from 240p)

[scallywagkid] 23/11/2005 12:21

Shows how wrong those highly paid analysts can be.

[tompion] 23/11/2005 12:18

This is pretty good given the difficulties in their markets - nice responce from the market - might we finally get to £3.

[scallywagkid] 23/11/2005 09:42

Relief all round then.

[lbo] 23/11/2005 08:43

AFX News Limited
Tomkins Q3 profit rises 11.1 pct to 83.1 mln stg, expects FY trading in line
11.23.2005, 03:02 AM

LONDON (AFX) - Engineer Tomkins PLC said it expects its full year performance to stay in line with market expectations as it posted an 11.1 pct rise in third quarter profit from operations before restructuring to 83.1 mln stg.

Tomkins, which makes automotive parts for industry giants including GM and Ford, said it expects contributions from recent acquisitions and measures to improve profitability in difficult market conditions to result in continued progress.

The group said third quarter revenues increased by 11.4 pct to 819.4 mln stg with a good contribution from acquisitions by its industrial and automotive group including Mectrol, EMB and LE Technologies. The Milcor business bought by its building products group continued to perform ahead of its expectations.

Third quarter pretax profit on a comparable basis lifted to 75 mln stg from 73.6 mln stg while profit for the period from continuing operations on a comparable basis fell to 44.6 mln stg from 51.6 mln stg. Nine monthly profit from operations before restructuring initiatives was 232 mln stg against 230.5 mln stg a year ago.

The group said it had continued to make progress despite the continuation of difficulties that had affected its interim results, notably weak North American automotive production volumes.

Its key industrial and automotive group increased revenues by 10.4 pct in the third quarter compared to the previous year and maintained double digit operating margins on the basis of profit from operations before restructuring.

At the group's Canadian automotive parts maker Stackpole, the group said it continues to take action to improve profits and performance had begun to improve.

In building products, third quarter revenues grew 13.8 pct to 236.2 mln stg and profit from operations before restructuring was 24.9 pct higher at 26.6 mln stg.

Tomkins said it did see some raw material cost increases in the third quarter due to the short term supply disruptions.

'But overall we believe the impact of raw material costs for the group as a whole will be broadly neutral for the year,' the company said in its results statement.

Chief executive James Nicol said he is pleased with the firm's overall performance given the adverse impact from the North American automotive original equipment market and the effect of two severe hurricanes in the southern United States.

'I am particularly satisfied with the pace at which the recent acquisitions have been integrated into the existing businesses and have started to make contributions to group performance,' he said.

[lbo] 13/11/2005 15:18

They are also underated because the fundamentals indicate so (Valuation remains extremely undemanding. Tomkins is trading on 2006e P/E of 12x, EV/Sales of 0.8x (Vs 9-10% current EBITA margins), dividend yield of 4.8% and a DCF remains >300p) and also because of the recent strength in the dollar which will enhance earnings also as it generates the vast majority of its underlying earnings in dollars.Tomkins generates some 80% of EBIT from subsidiaries in $ related territories and of note Tomkins has a 7.5% EPS Sensitivity to a 10% move in £/$ Exchange Rate. A case can also be made that they are underdated by the fact the shares have considerably lagged other UK listed $ sensitive stocks and its European capital goods peer group.

Also whilst 2004 has seen Tomkins face tougher end markets than many had anticipated (lower GM production rates in the US and little recovery to date in US commercial construction markets) its believed that the outlook into H2 2005e and beyond is more encouraging and such the negative eps momentum that has surrounded the stock over the past year or so is about to lift which should be to the positive impact for the share price. Many believe that Tomkins will be able to achieve and sustain close to double-digit EBITA margins and outperform its end markets.

Some analysts have recently re-iterated their Outperform recommendations on Tomkins with a retained 290-300p TP. Following recent Q2 2005 results which demonstrated the ability of the group to maintain robust profit margins despite tough end markets, they have increased their eps forecasts for 2005E by 7% to avge. 22.16p.

Many people see that the lacklustre share performance since the beginning of 2004 is largely explained by negative eps momentum from significantly lower US automotive production schedules, some input/output cost squeeze and the weaker US$. In addition cashflow has been hampered by high capital investment towards the longer-term growth conduits of the group such as Stackpole. For this reason Capital spend appears to be peaking which should remove any lingering concerns on dividend per share sustainability. So many believe that eps momentum is turning and the weaker automotive production that has impacted Tomkins in recent quarters should be easing and aggregate lfl sales should be supported by the still strong industrial and construction markets.


Diversified group complicates any analysis of Tomkins with the main attractions being the dominant market position of some of its franchises particularly in powertrain and air systems components together with its capability in the industrial and automotive aftermarket. Many believe that Tomkins has scope to outperform its end markets and to maintain through-cycle double-digit EBITA margins. Many continue to see scope for M&A activity aimed towards improving the growth and return profile of the group (witness 4 bolt-on acquisitions completed in past 10 months)

Total return attractions remain intact for Tomkins with a near 5% dividend yield for 2006e...Many stress that cashflow should improve with capital spend likely to fall somewhat. On FY 2006e estimates Tomkins trades on P/E of 11.9x, EV/Sales of 0.79x (Vs EBITA margins of 9.6%), EV/EBITA of 8.3x, dividend yield of 4.8% and FCY of 5.9%.

But hey who knows but I do suspect a rise at the interims!