Tt Electronics Share Discussion Threads

[aleks_atanasov] 23/8/2012 13:05

haha thats funny, that guy posted on some of the shares that appeared in Robbie's trade lists so i clicked maybe its him.

[lenzcrafter] 23/8/2012 13:02

I thought it might not be the genuine article.

[gleach23] 23/8/2012 12:23

aleks - this Naked Trader poster is not Robbie, in case you hadn't worked it out

[snatander] 23/8/2012 11:09

Eurozone crisis unfolding and car sales plunging

[aleks_atanasov] 23/8/2012 11:08

his post is bullish and right now this share should be going down, because of the market structure there is market inefficiency.

and i expcted from him to know that which is why i am disappointed. anyway still i respect him a lot.

[lenzcrafter] 23/8/2012 10:54

Aleks. What do you mean regarding naked traders post?

[aleks_atanasov] 23/8/2012 10:38

yer, so am tracking this dog on the hourly chart with a bunch of TA indicators so that i can exit somewhere near the landing zone.

re Naked Trader's post - disappointing, i expected Robbie to act like a pro.

[snatander] 23/8/2012 10:04

120p on the chart

[naked trader] 22/8/2012 23:24

Have a look and make your own mind up! There is too much to like about this company to lead me to think the price will stay this low for too long. DYOR.

[rathkum] 22/8/2012 16:19

Difficult to guess if we are at the bottom. On balance I think we are at our worst so I am adding to my holding.

[paulisi] 22/8/2012 16:14

"we have won several major new contracts" - not sure if this has been picked up on and when the revenue will kick in.
If it is in the next 6 months, then the declining volumes are an issue.

[broadwood] 22/8/2012 15:47

TT Electronics sales hit by 'difficult market'
Wed 22 Aug 2012

TTG - TT Electronics

- Shares of electronic component and sensor technology firm TT Electronics plummeted on Wednesday after it revealed that first-half revenues slipped on the back of tough market conditions.

The Surrey-based group, which supplies electronic components to manufacturers in the automotive, defence, aerospace and medical industries, saw revenue fall 3.8% to £271.2m from £281.8m the same time a year earlier "reflecting more difficult market conditions and the planned exit from certain lower margin projects."

Last year's period also benefitted from a pull-forward of orders following the Japanese earthquake. Adjusted for a foreign exchange loss of 0.9%, the underlying decrease was 2.9%.

Nevertheless, adjusted profits before taxation was unchanged at £13.3m in the period. Adjusted figures exclude exceptional items such as a £0.8m charge in 2012 and a £7.5m pensions credit last year. Headline earnings per share rose to 6.0p from 5.7p.

On a reported basis (which includes these exceptionals), pre-tax profit dropped from £20.8m to £12.5m.

Chief Executive Geraint Anderson commented: "Overall we are pleased with the resilience of the business in the current economic conditions. We have continued to make progress reducing our cost base with key projects delivered ahead of plan, and additional programmes now underway."

"These activities, together with an improving product mix, will deliver further margin growth in a more challenging market environment in the second half. Our global strength has positioned us well with both emerging key accounts and traditional customers, and we have won several major new contracts," he added.

TT Electronics underlined its confidence in future trading by boosting its dividend payment by a quarter. A dividend payment of 1.5p per share has been offered, up from 1.2p the year before.

Net debt reduced to £7.3m from £24.2m a year earlier.

[sleveen] 22/8/2012 13:57

TTG are still a well managed company, but even the BOD can't influence global trading outlook. As I said ealier, I intepreted the statement as a mild profit warning. These tend to come in 3s, so when will the second be announced?

[chrisg] 22/8/2012 13:50

paulisi - you say "Profits should remain at expected levels" but that is not the case. The company itself said today "market confidence has deteriorated in the last few months. We have therefore moderated our expectations for overall sales and profit for 2012." Thus the company has told the market very clearly that it will not achieve previously expected levels of profit.

Yes, the company is working to increase margins, and did increase them by 0.2% in the first half, but when your volumes are declining, that only helps so much. Don't overlook the fact that in the first half, turnover declined by over £10m, and with deteriorating confidence currently, I think we need to be realistic about near term prospects. FWIW, my own present estimate is that full year earnings for 2012 are unlikely to exceed last year's figure with a more likely eps figure around 13p to maybe 13.5p.

[lenzcrafter] 22/8/2012 12:23

Paul. I think because of the economy, and we are all looking for growth growth growth!!!! Some people are just not happy with slow and steady.
I hope I'm not wrong!!

[paulisi] 22/8/2012 12:06

I didn't think the results were that bad. Profits should remain at expected levels due to improved margins even if the economic climate is uncertain and a nice dividend increase.

[snatander] 22/8/2012 08:57

Bumis We are lowering our 2012 underlying forecasts by 9% to reflect lower volume assumptions and FX tailwinds.

[wylecoyote] 22/8/2012 08:34

Brokers have it around 16p per share. Based on what i see, unlikely probably closer to 10p unless they can demonstrate a pick up in demand.

[philo124] 22/8/2012 08:29

EPS for this year?

[aleks_atanasov] 22/8/2012 08:25

UHOUND - its exactly the opposite actually. Aha right, you have been lucky on CCC

[uhound] 22/8/2012 08:22

In this market anything short of expectations will be punished hard, so not surprised with share price drop. However it's times like these you pick up "Cheap" shares.

Computer Centre (CCC) back in July a perfect example.

[santangello] 22/8/2012 08:16

...as well as the expected knicker wetters and traders leaving this a.m....plenty of buying going on too.