Tt Electronics Investors - TTG

Tt Electronics Investors - TTG

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Tt Electronics Plc TTG London Ordinary Share GB0008711763 ORD 25P
  Price Change Price Change % Stock Price Last Trade
1.50 0.64% 237.50 16:35:20
Open Price Low Price High Price Close Price Previous Close
237.00 235.00 238.50 237.50 236.00
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Industry Sector

Top Investor Posts

overeager: I've followed TT for over 10 years and followed the many twists and turns. I'm no longer invested as I got tired of seeing significant reorganisation costs every year. All I would suggest potential investors consider is this: 2016 operating profit was £18.8m. After a string of 'earnings enhancing' acquisitions, 2019 operating profit was... £18.8m. Net debt increased from £55m to £69M. I'm afraid there is a big gap between reality and what investors are being told. As for the director buys, over the last several years they have been a VERY reliable sell signal.. (Glad I got that off my chest).
imastu pidgitaswell: Well timed - today's RNS - but is this another example of being economical with the truth, keeping this under wraps and placing with certain shareholders only? They really are playing fast and loose with investors’ money - if there is anything wrong with the previous announcement and now this, the CEO is dead meat, with no pay-off.
jurgenklopp: Results due on Wednesday hTTps://
u813061: From this is money Who is it? With cars stealing investors’ imaginations this week, TT Electronics is one business which offers a more roundabout and less highly valued way into the sector. The specialist electrical engineer is based in Woking, Surrey, and has 21 manufacturing sites and seven sales offices across the world. Though it used to focus almost exclusively on the automotive sector, it has broadened out into electric vehicles, aerospace, robotics and automation. What’s the latest? TT has been pushing ahead with a strategy to take it further up the value chain, making internal improvements and a number of acquisitions. In half-year results last month, investors were impressed as TT’s profit margin exceeded forecasts to hit 7.5 per cent. This was way ahead of the 4.3 per cent in 2015 when boss Richard Tyson joined, and is a sign that the improvement strategy is paying off. Who backs it? Big-name fund manager Fidelity International is TT’s largest shareholder. Other top ten investors include fund firms Aberforth Partners and Schroders, and investment banks UBS and JO Hambro. Why you should invest Russ Mould, investment director at AJ Bell, says: ‘Acquisitions such as the UK’s Stadium Group and Aero Stanrew, as well as America’s Precision, are helping TT expand beyond its traditional markets of sensors and instrumentation into more profitable digital niches.’ The company also has very little debt to pay. And why you shouldn’t There are questions over how much higher the company will be able to climb. Mould adds: ‘There remains the risk that bigger more powerful rivals put the squeeze on TT to confound its margin expansion plans.’
rathkum: TT Electronics turnaround in full swing By Harriet Mann | Thu, 11th August 2016 - 13:58 TT electronics sensor technology turnaround R&D growth revenue operating profit Returning to profitable growth, TT Electronics (TTG) is 18 months into its turnaround strategy and is already beating expectations. Its flagship transport division is back in the black and its larger Research and Development budget is facilitating growth. The boss also reckons it's well prepared to weather any possible storms ahead. Making components and sensors for transport, aerospace and defence, TT Electronics has been battling against some harsh markets. Still, revenue rose 5% to £277 million in the six months to 30 June, and tighter control on costs and a chunky contribution from new family member Aero Stanrew helped drive profits higher. Its loss-making transportation business is back in profit, which will come as a relief as its turnaround strategy wouldn't work without it. Group operating profit jumped 32% to £13.7 million, which drove pre-tax profit up a quarter to £11.4 million and earnings per share (EPS) up a fifth to 5.1p. graph 1 It's been a difficult couple of years for the group, but its strategy finally has "traction" after 18 months, chief executive Richard Tyson told Interactive Investor. The boss was parachuted into the company in 2014 after a large restructuring plan promising profitable growth failed to deliver. The group's main transportation business was focusing on sensor controls for cars as it was planning its move from Germany to Romania, but troubles in the move resulted in missed opportunities. Changing the dynamics, Tyson has refocused the team and expanded its reach. Returning the group to profitable growth despite fattening up its research and development budget to £22 million is commendable, and has already resulted in securing orders that should drive growth. It's an important part of the business, Tyson explains, and is increased where opportunities arise - its industrial sensors budget increased by £700,000, for example. But a 100-basis point improvement in the operating margin doesn't happen by itself. The electronics group has been improving its cost efficiency, which includes reducing its headcount and relocating. While cash conversion inched slightly lower to 68%, free cash flow was -£4.9 million and net debt grew to £70.1 million. Still, the group's got its eyes open for any further acquisition opportunities as they arise. Fair share of difficulties TT Electronics has its fair share of difficulties: it has exposure to the automobile industry in China, where economic growth is slowing, and relies on North America, which has been hit by turbulence in oil and gas markets. But the group reckons China is still a large market opportunity and is confident it has reacted quickly against US macro headwinds, with demand already picking up. It should also be resilient to any impact from June's Brexit vote. Crashing 57% in the tail half of 2014, TT Electronics' share price recovery has been slow so far due to wider macro influences. Investors should be reassured TT is doing the groundwork for double-digit growth into 2017Now at 144p, the group is using its 200 day moving average and 32.8% Fibonacci retracement as resistance. Numis analyst David Larkam reckons the shares, trading on 13.5 times forward earnings, are worth 180p, which provides 25% upside from these levels. "As management continue to demonstrate the strengths of the group, we see a rating in the mid-teens as achievable and have raised our price target to 180p to reflect this and the currency-driven upgrade to numbers," says Larkam. He has pencilled in 2016 sales of £567.9 million, pre-tax profit of £23.8 million and earnings per share of 10.6p. This should jump to £583.5 million revenue in 2017, with profit of £26.5 million and EPS of 11.7p. These results should reassure investors that the group is doing the groundwork needed to help it achieve the double-digit growth expected into 2017.
bugle4: TT Electronics plc Lifted to “Buy” at Numis Securities Ltd (TTG) November 17th, 2015 - 0 comments - Filed Under - by Doug Madison Share on StockTwits TT Electronics plc logoTT Electronics plc (LON:TTG) was upgraded by investment analysts at Numis Securities Ltd to a “buy” rating in a research report issued to clients and investors on Tuesday, AnalystRatings.Net reports. The firm currently has a GBX 170 ($2.59) target price on the stock. Numis Securities Ltd’s target price suggests a potential upside of 31.27% from the company’s current price.
gbb483: I heard that the VW issue is due to commonly available software, nothing to do with the hardware. I would be amazed if TTG felt the need to prop up nervous investors.
bugle4: TT Electronics plc (LON:TTG)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity in a note issued to investors on Tuesday, AnalystRatings.NET reports.
cockneyrebel: 1038 GMT [Dow Jones]--A brief update from TT Electronics, a supplier of industrial sensors and controls, hardly gets the pulse racing. "Trading was in line with our expectations...operational improvement plan continues to progress to schedule...costs are being tightly controlled." Still, shares surge strongly. The stock is still recovering from a 30% reverse in November, when TT warned on profits and reported delays to a plan to shift manufacturing from Germany to Romania. The steady-as-she-goes update will encourage investors that TT's newly-installed management team is on top of things, analysts at Numis write, adding that an upcoming capital markets day should shed light on how "value can be realised." Shares up 7.5% at 143 pence.
123ct: Not a holder but have been watching as waiting to see how they resolved the union dispute in Germany before buying and was not expecting results to be anywhere near as bas as they seem to be. My issue is I asked to dial into the analyst conference call this morning and was told no, yet if you look at analyst forecasts for this company you can see why forecasts are always hit and hope, and usually miles out, so why not let investors dial in to hear what is being discussed, I can understand why they don't want private investors to ask questions due to time restrictions but how can anyone work out whether there is a recovery story or not here when you cannot hear the questions you probably want to hear being asked. There are plenty of companies that offer this facility to investors and some also use webinars to present their results, the arrogant approach here of TT in my view is they don't want private investors
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