Tt Electronics Share Discussion Threads

[bugle4] 12/10/2015 21:46

RNS

TT Electronics PLC Notification of Major Interest in Shares

[rogerrail] 08/10/2015 09:26

IMO the prospects for TTG going forward have if anything improved significantly as all manufacturers will now appreciate there is no fudge to get round the increasingly stricter emmission standards being introduced, hence there should be higher demand for emmission sensors.

[a0148009] 06/10/2015 16:34

Ed 123 Their silence has held me back from buying and if they supply the VW sensors and in any way they had knowledge that the emissions readings were deliberately misleading from their kit they may possibly be an accessory.
They are not that cheap forecast 13.5x 2016 earnings.
I have been in and out of them for many years but they have always been knocked back regularly being in a cyclical business over the last 20 years despite a number of acquisitions,reorganisations, sourcing in different countries and moving up the technology ladder etc, maybe because the product base is narrow and lacking in pricing power as vehicle manufacturers have all the clout.
I may be entirely wrong but only see maximum upside about 25% when I am really looking now for something to buy and hold for long term growth.

AO

[gbb483] 06/10/2015 16:06

VW is only the start - other manufacturers may be using the same software source. The problem is the manufacturers are trying not to use the urea additive that is needed to meet the emission standards. The refit will require that bit of hardware added to the engines. The sensors won't change. Software to interface with the sensors may be produced by TTG, but software to use the results won't necessarily be.

[bugle4] 06/10/2015 15:43

Thanks Ed I see that now.

The problem is though gbb is that TTG supply VW with all sorts of sensors, if VW market share drops then so may the number of sensors supplied.
There is the notion though that as VW sales drop sales of other manufacturers increase and if TTG supply sensors to these manufacturers then any lost from VW is offset.

Who knows. The weekly candle stick suggests it's bottomed and I'm long from 121p so still in profit.

BWTFDIK

NAI DYOR

[ed 123] 06/10/2015 15:39

Yes, you might have heard but who else has? I haven't. Got a link to good source? Just wondering, would a supplier send out a component, which then had to be programmed by the buyer? Wouldn't the hardware/software combination have to be designed together? Do you know? Ta. :-)

[gbb483] 06/10/2015 15:23

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.

[ed 123] 06/10/2015 13:33

Hi Bugle4.

The Directors' transactions were in the Share Save scheme and so carry no risk at all. As I understand it, if the share price is lower at the date of maturity, the directors (same as for all employees) can elect to have their monetary contibutions repaid to them instead of receiving lower priced shares.

I would rather have seen the directors dip into their own pockets and buy shares now in the market. That would have been a public statement of confidence in the Company.

Still no comment about VW. I don't know how, if at all, TTG will be affected. I don't like uncertainty. In my view the Board should make a statement to the stockmarket.

[bugle4] 06/10/2015 13:21

TT Electronics PLC Notification of Transactions of Directors
Date : 23/09/2015 @ 09:00
Source : UK Regulatory (RNS & others)
Stock : TT Electronics (TTG)
Quote : 134.25 0.75 (0.56%) @ 09:36
HOME » LSE » LSE » TT Electronics share price

[bugle4] 06/10/2015 13:17

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.

[a0148009] 24/9/2015 16:41

Following from H1 Report :-

" TRANSPORTATION SENSING AND CONTROL

The Transportation Sensing and Control division develops both sensors and control solutions for automotive OEMs and tier one suppliers including powertrain providers for passenger cars and trucks. TT develops a wide range of products for multiple applications on a vehicle, from power controls, gear position and pedal sensors to fluid and emission sensors, with almost all of them focused on the safety and driver assistance features required by our customers."

I agree with Poster Ed123 number 2855 would like to hear more from the company of the performance and provision of test data from their emission sensors.

AO

[rogerrail] 24/9/2015 09:24

I don't know what the fudge was, not sure if it has been reported anywhere yet. Certainly restricting fuel burn will impact on all emission levels and also performance, but listening to the radio yesterday there was a comment relating to the very stringent NOx levels demanded in states like california and I presume that VW's route to achieving these very low levels is through the use of DEF. Having said that it may be that it's just the fuel burn they have been fudging in the tests.

[biglosses] 23/9/2015 17:17

Normally for trucks, buses and off-road vehicles there is a separate tank for adding adblue. Was surprised to read in earlier post that adblue systems are also installed in cars as I thought it was only vehicles with larger engines. Had a quick look at the link above and looks like it may be a future product and is not yet mass produced. Could be wrong though!

[meijiman] 23/9/2015 13:50

That's interesting. Clearly its more than a software issue if as you say the car is carrying a urea based diesel exhaust fluid.That would certainly give an improved emissions test result. Does one assume that this liquid is a one off that is burnt off on the test? Clearly the car would not be carrying a large amount of this DEF.

[rogerrail] 23/9/2015 13:13

I believe (but could be wrong) that this scandal relates to the addition of "Adlue" ( urea based diesel exhaust fluid -DEF) to control NOx emmissions. Its a software issue ( Bosch control system) that switches off this function when the car is not under test, either because it effects performance ( can't see how) or perhaps to save refilling between service intervals. The opportunity for TTG who make Adblue sensors is that this technology will gain greater application in the the EU subsequent to the introduction of Euro6 emission standards this month. No doubt the escalation of this issue may force manufactures to implement controls to ensure adblue is added and the car cannot be driven with an empty DEF tank.

hxxp://www.ttelectronics.com/en/news-and-media/in-the-media/tt-electronics%E2%80%99-adblue-sensor-features-in-electronics-products-2015-article-on-advanced-automotive-applications

[adon] 22/9/2015 13:57

VW control the output of sensors produced by TT. Could possibly be opportunity for TT.

[a0148009] 22/9/2015 10:21

Thanks chaps I suspected it may be the sensors side, lets hope they will clarify their position and confirm the evil deed was manipulation in the assemblers factories.

AO

[ed 123] 22/9/2015 10:00

Yes, that's it. TTG supply emissions sensors to AudiVW Group - but publicly it's not known if they had involvement in the alleged deceit.

AudiVW has made a statement. Imo, TTG should make a statement too. The uncertainty is creating a false market in TTG shares.

[rogerrail] 22/9/2015 09:57

VW-Audi is AB Elektroniks biggest customer

[a0148009] 22/9/2015 09:56

Looks as if TTG has been spooked by Volkswagen emissions scandal - uncertain how this would effect them?

AO

[rhomboid] 21/8/2015 21:39

I'm happy with an under promise over deliver stance, the best aspect of the interims presentation IMHO were the new Tier 1 and OEM clients and the improved cash conversion and lower than expected debt.

The loss making contracts will work their way through the order book, what matters is the margin on the new business.

[nehpets81] 21/8/2015 15:44

Quite a quiet board this one. Any views on the interims?

For me, I was a little disappointed with progress tbh. There was a good performance from the industrial sensors business but warnings that it will be first half weighted was disappointing. All the other businesses seem to be going backwards, although perhaps IMS will pick up going forward.

Perhaps I was expecting a bit much, but I am not sure the progress being made entirely warrants the increase in share price we have seen.