Tomkins Plc Share Discussion Threads

[true_brit] 21/4/2008 16:55

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.

[true_brit] 21/4/2008 16:54

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.

[watwungyi] 16/4/2008 17:29

nice rise. dividend is about 5% so that's about 8% rise,

[deanforester] 16/4/2008 16:13

Not a bad rise, considering it has gone XD by 8.57p.

[royaloak] 15/4/2008 21:10

Got back in also, £ weakning against the $ some strength on Wall Street so had to risk it, fingers crossed, x 8.57p dividend tomorrow!

[watwungyi] 15/4/2008 18:59

i did at 166.75 before ex-date.

[peter119] 18/3/2008 19:49

time to re enter

[royaloak] 29/2/2008 15:28

Another awful day, sold out first thing today after the action last night. Guess this now follows Wall Street because of their US earnings.

[royaloak] 28/2/2008 21:04

Hi Peter

Spot on, looking at action today there was a big seller around from the off, even if the general market had have been better think this would have still moved down. Will be watching closely in the morning.

I dis spread Rexham the other day on results, but am now out, will keep watching. Looked at Cattles today, agree with you, thought results were good, could move up after profit takers are out?

My main interest is in oils, especially some of the North Sea canadians. Just done well on DES, I bought them, RKH and BOR at the same time, amazing have held them for about 12 months, at times looked like a very bad decision and ...Bingo!!! Maybe one of these days someone will bid for tomk!!!!

[peter119] 28/2/2008 20:30

peter119 - 22 Feb'08 - 12:24 - 121 of 126 edit


i would just hang on in these turbulant times,add more on .10p drops down .06p today,so if drops 4p monday add more but in 500 lots only
----------------------------------------------------------------------------
"royal"what did i tell you.mmmm,might start listning know ,eh,buy on .10p rtractions but only in 500 lots ok,got it,good lad,no more no less,and you will do well,if they go up be happy with what you have got,monies left over from further buys will allow you to go into something else,REXHAM CATTLES NORTHERNWATER

[royaloak] 26/2/2008 11:08

Hi Peter

Thanks for your comments. They have looked much better again the last couple of days, seem to be tracking the market. Could be a big winner if the markets remauin steady... but it's a big IF !

Thought BOY results were also excellent today, but having had a good run this year, profit takers soon in, and who can blame them in this climate, however I will look to buy a few on these for the long run on further weakness.

[peter119] 26/2/2008 08:41

royal
you will not go far wrong with tomkins,company very much like the old HANSON days,rock solid balance sheet,first class managment team

[royaloak] 22/2/2008 14:01

Just bought a few more, looks like it has formed a base for today. Waiting for the egg on my face!

[royaloak] 22/2/2008 12:46

Andy, thanks for that, agree with the Independant's comments, must agree with Peter though, add on weakness but in small lots as they could be even cheaper in a weeks time.

In this awful economic climate anything could happen, but on any improvement these must be one of the best value plays.

[andyderbys] 22/2/2008 12:38

The Investment Column: Tomkins blown off course by strong US headwinds

by 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.

[peter119] 22/2/2008 12:24

i would just hang on in these turbulant times,add more on .10p drops down .06p today,so if drops 4p monday add more but in 500 lots only

[royaloak] 21/2/2008 20:18

Thanks Peter, I thought their results were excellent in this difficult market, will probably build to my position on any dips.

[peter119] 21/2/2008 17:35

"royal oak
tomkins seem so have had a good run latley,might see a retraction short term,but long term over 6 months + would be surprised if we dont see them at £2.60+

[royaloak] 21/2/2008 08:55

Dividend around 7.5%, possible recovery in $ compared with £. Sector out of fashion, however decided to risk it and bought in my ISA.

[iangill] 21/2/2008 08:52

The Board has recommended a final dividend of 8.57 pence per ordinary share,
which together with the interim dividend of 5.32 pence paid on 15 November 2007,
maintains the dividend at 13.89 pence per share.

Subject to approval by shareholders at the Annual General Meeting on 1 May 2008,
the final dividend will be paid on 15 May 2008 to ordinary shareholders on the
register as at the close of business on 18 April 2008.

[iangill] 01/2/2008 12:20

Would be interesting if it was Tomkins bidding for some of FKI assets on the cheap.
All Engineers at bagain prices until the recovery begins, check Bodycote BOY

[prokartace] 01/2/2008 11:13

Nobody wondering why so strong today? FKI been approached with a potential bid. Personally I think this is a selling opportunity.

[iangill] 14/1/2008 11:01

Price spike following speculation in the Sunday Times that Tomkins is a bid target at these levels.

[aioannou] 24/12/2007 13:08

pathetic! what do directors take us investors for? Muppets??!!
I can't believe what a meagre amount of stock this director buy represents, hardly worth the effort taken to publish the RNS!!!

[wad collector] 24/12/2007 10:53

3 small director buys shouldn't make much difference to the share price , but maybe we have bottomed?