||EPS - Basic
||Market Cap (m)
|Electronic & Electrical Equipment
TT Electronics Share Discussion Threads
Showing 3701 to 3724 of 3725 messages
|some private equity rumours it seems
|Biggest volume day since June 1st 2016.|
|Thanks rathkum. I guess I shouldn't care too much as to why it's going up as long as it keeps going up!|
I would discount any sort of a takeover. It seems more like that institutions buying is fueling the share price upwards on the back of excellent results.
This has been lagging is the strong market recently so no surprise that it is catching up.|
|Very quiet board for a company with a soaring share price! Big volume already today, and all week. Someone building a stake for a takeover?|
|What happened there? Up in the 170's this morning, down nearly 6 points by close of market!|
|Excellent progress and back to growth|
|MIDAS SHARE TIPS UPDATE: TT shares are back on course as it puts focus on aerospace http://www.dailymail.co.uk/money/investing/article-4283466/MIDAS-SHARE-TIPS-UPDATE-TT-shares-course.html
The article says that results are this Thursday but can anyone confirm as there's nothing on website or usual calendars?|
|TT Electronics PLC (LON:TTG) yesterday was the subject of a new research report issued by Peel Hunt in which it was reiterated as ‘Buy’ by analysts at the firm.
Peel Hunt noted a target price of 200 on TT Electronics PLC’s shares.|
|You could be on the right track|
|Good price action today with the next resistance at 168p.
I was watching the transaction which I thought were of interest, all day the bias seemed to be more selling than buying, yet the price keep on gaining. Just thinking out aloud, could there be accumulation in the background here?|
|TT Electronics confident of robust growth in Indian market
|TTG TTG Electronics...... breakout confirmed...........|
|Record Car Sales Should Boost Engineering Firm TT Electronics
By Malcolm Stacey | Friday 26 August 2016
Hello Share Funsters. I don’t like investing in the motor industry because I think we should all do more walking, I hate air pollution and don’t really like driving. But this should not stop my bringing to your attention companies in this line which I think might make you some money. Though you must always do your own research as I could be - and often am - wrong.
TT Electronics (TTG), which makes car parts and gadgets for planes and the medical world etc, is a case in point. Results for the first half of this year showed profit before tax up by a quarter to £11.4 million. And that nice hike was on increased revenue of 5%. Which means, of course, TT is making more profit out of the cash it brings in. A sign of improved efficiency.
British car making, though mostly carried out by foreign firms, is the country’s big success story. As I write it’s announced a record year for sales. The population’s love of cars is bringing in the sheaves big time. Not to mention improved sales abroad, thanks to the falling pound, which is in turn thanks to Brexit.
The growing move towards hybrid cars is also going to be a big help for TT Electronics.
The firm took over Aero Stanrew, a respected electro manufacturer at the end of last year - and that deals seems to be doing rather well for it.
TT also spends plenty of dosh on research and development, and the electronic gadgets in our modern cars and other areas are getting more sophisticated day by day. So we have a growing market, a firm which is improving efficiency and whose profits are growing at a faster rate than revenues.
What more could you want? Except that if money becomes tighter for consumers, as many a gloomster likes to say on this sparkling website, I suppose car sales, which are sort of in the luxury bracket, might suffer. If however, you think spending will continue to boom, TT Electronics is certainly worth a look.
- See more at: http://www.shareprophets.com/views/23267/record-car-sales-should-boost-engineering-firm-tt-electronics#sthash.KhmSX2qY.dpuf|
|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.
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.|
|I'm not so impressed
"The profit for the period reduced to £3.9 million (H1 2015: £4.1 million) after a charge for items excluded from underlying profit of £4.9 million (H1 2015: £2.8 million). Included within this charge were restructuring costs of £3.3 million, which related principally to the Operational Improvement Plan, and acquisition costs of £1.6 million (H1 2015: £0.6 million) relating mainly to acquisition integration costs, the non-cash amortisation of acquisition intangibles net of the release of a surplus disposal provision. The cash costs relating to these items totalled £7.8 million (H1 2015: £4.7 million).
Net debt at the end of the period was £70.7 million (2015 year-end: £56.1 million). Net debt to underlying EBITDA at the end of the first half was 1.5 times (2015 year-end: 1.3 times, H1 2015: 0.5 times)."
So not disastrous but heavily window dressed , I'm not tempted to dip back in yet.|
|Market seems to think they're OK to,|
|presentational onlybecause aero stanrow in there, take that out add back "the restructuring costs, asset impairments and acquisition related costs" and whatever else they put in there and they are filthy|
|Results look OK to me.|
|Citywire + rated Alex Savvides is focusing his blockbuster UK equity fund on 'self-help stories' to cut through the uncertainty and difficulties posed in the post-Brexit referendum world.
In an update, Savvides said he is focusing his £334.6 million JOHCM UK Dynamic fund on companies able to show turnaround capabilities and with secular strength against the current market backdrop.
On the self-help front, Savvides said companies such as electronics firms TT Electronics and Electrocomponents, as well as banknote manufacturer De La Rue were able to deliver stable or positive earnings and cash flow growth within negative environments.
‘Our focus on self-help stories has been beneficial. Whilst not insulated from the external revenue environment, these companies provide a deep element of internal improvement and balance sheet management. This can help to deliver stable or positive earnings and cash flow growth, even in a more negative environment.’|
|Very quiet here. I remember when the dividend was a safe 10p per share many many moons ago. I wondered if anyone had any views on business in the lower world of sterling back drop and of course the future given brexit?|
my retirement fund
|Chairman adds 50,000 shares @134p|
|IMO not surprised look at the long term chart since the late 90's share price has oscillated at a lower level and is considerably lower now - no such thing as a classic staircase chart pattern of a growth stock. I think one of the problems is struggling to keep up with technology in a fast moving world and constantly moving to low cost manufacturing countries.
OK for trading if you get your timing right.