Tt Electronics Share Discussion Threads

[peddlers] 18/8/2023 14:23

Nice drop today

[peddlers] 16/8/2023 18:40

Nice rise todday

[sphere25] 04/8/2023 11:30

Taken a few here.

The de-rating from 200p to just above that 150p mark suggested apprehension on the part of the market, perhaps expecting a worse report yesterday. That update was better than expected and we saw notable early buying yesterday to reflect that. This is the type of company that can attract very little activity much of the time, so it was a signal, and the volume eventually ballooned through the day.

There has been some follow through today with a 506k and a 250k mopped up at 155p. Clearly we have this very subdued smaller cap environment where the fund flows are making it very difficult for most of these shares and us to really make significant headway.

There are some companies which have done relatively well or held up better (e.g. MEGP,VLX,MER,CNIC) and a few tiddlers like ONDO have gone bananas higher as well so there will naturally be some folk outperforming away from the larger caps too.

The fund flows will continue to play a large overhang. Bailey is a tool, it is hard to not have overhang's when you have someone like that directing things. Nonetheless, the buying here is encouraging to help clear the sellers in size and cause a possible move back up to toward that 200p mark.

The macro is very murky so it isn't as easy to be bullish as it was when any ole garbage was going rocket ship higher, but statements like these from the CEO: "The business is clearly demonstrating the benefit of the work to re-position in the right markets, with the right customers and from the right operational footprint. More new customer wins together with the ramp-up of previously awarded contracts continue to provide multi-year revenue visibility and the new business pipeline remains strong, supported by new re-shoring opportunities." suggest the market could get its bullish boots on here too.

Technically, the price is presently challenging the 50 day moving average at 160p. A break above that and 163p would make it interesting to watch, with the key mark sat at 169p. This is the 200 day moving average and also ties in with previous resistance levels.

So some interesting exchanges here over two days as the Bulls and Bears battle it out. A move under 150p would be a place to exit personally but hopefully there are firmer Bullish spirits out there too.

Have to be careful with stops on shares like these as the price can gap from e.g. a bid-offer of 160p-161p to 155p-160p or even lower and trigger stops in a flash.

All imo
DYOR

[peddlers] 04/8/2023 10:58

There's an echo

[peddlers] 03/8/2023 11:53

Yes nice report and an increase in Divided!
I'm expecting a steady tick up.
I'm holding long term on this one.

P

[peddlers] 03/8/2023 11:52

Yes nice report and an increase in Divided!
I'm expecting a steady tick up.
I'm holding long term on this one.

P

[zipstuck] 03/8/2023 08:11

The defined benefit pension scheme position is very comforting.

[boadicea] 03/8/2023 07:49

Encouraging progress here. Plenty of upside, 50% looks possible imo, if momentum can be maintained.

[boadicea] 15/3/2023 13:13

£46k ned purchase noted.

[julian1000] 09/3/2023 15:29

https://www.ii.co.uk/analysis-commentary/stockwatch-quality-small-cap-share-buy-after-chart-breakout-ii526076

[overeager] 08/3/2023 13:40

Boadicea,
Good luck with your investment.
My feeling remains that the gap between stat results and adjusted results is too big - the scale of non-cash write downs of acquired assets means that too high a price was paid for previous acquisitions and you will also note that the entire Virolens investment has had to be written off.
TT does operate in attractive markets but it should be performing much better than it actually is.
There are signs that the business is finally on an upward path but progress has been painfully slow.

[boadicea] 08/3/2023 10:22

Very quiet thread as is sometimes the case with good but unexciting stocks.
Some rather misplaced opinions above and I'm glad I held on to these.
Non-cash writedown of acquired intangibles is a necessary bookkeeping exercise which the market (if not every shareholder) understands.

The main thing for the company is to be competitive, reliable and in the right (i.e. growth) markets. TTG seems to be getting it mostly right.

[overeager] 24/8/2022 15:54

I had a look at the half year figures as I imagined somewhere around 150p was a good entry point - however, I don't like what I see. The debt at £140m has shot up (that's nearly 10x statutory profits) and regardless of what they say about the self help program, it looks to me like they use reporting trickery to boost the normalised results. I'd want to see a significant drop in net debt to have any confidence. At the moment, the next RNS could just as easily be a profit warning as anything else. (IMHO)

[scepticalinvestor] 24/8/2022 12:28

Shld see 130s by friday

[scepticalinvestor] 16/8/2022 08:10

Just hurry up and crash down for goodness sakes. Good quality co, but want to buy in the 130s

[scepticalinvestor] 15/8/2022 15:38

130 end of week?

[scepticalinvestor] 11/8/2022 16:12

Total bargepole this

[scepticalinvestor] 09/8/2022 14:55

Might buy some in the dble, nay single?, digits. Over priced above £1.00 imo

[scepticalinvestor] 09/8/2022 14:18

Dropping like a piano down a mine shaft

[currencytrader1] 08/8/2022 13:17

Can't see much resistance here, growing debt is stuffing it...

[indiestu] 08/8/2022 13:01

Its not over until 16.30! I think they need to prove they can get the debt down and the margins back up by the end of the year before the price can recover. I'm still happy to take a 24 month view.

Why do you find this mornings price movement amusing enough to comment Sceptical?

[scepticalinvestor] 08/8/2022 12:37

Timber lol

[indiestu] 01/7/2022 16:52

Anyone nibbling yet? I spent some time today studying the TTG website. These guys are making the component parts that will drive the growth industries over the coming years. Defence (NATO modernisation), Industrial automation (robots), healthcare technology (people living a long time) and transport electrification (EV's, charging). Input costs for their products are crashing, the supply chain is normalising and China are coming out of lock down. The recent reports point towards growing revenues following the pandemic years. Net debt has increased which is a worry but dividends are growing and the order pipeline is healthy. There is the chance of course that there may be a deep recession but it looks likely the US is already in a technical recession so if you take a 24 month view its got to be a reasonable roll of the dice. I'm in for a starter. Probably tank from here knowing my luck!

[km18] 13/5/2022 12:52

TT Electronics plc issued an AGM trading update for the four months to the end of April 2022 this morning. Strong demand is continuing reflecting the ongoing healthy growth trends in TT's focus end-markets and the strength of the Group’s customer relationships. Group revenue was 6 per cent higher than the previous year on a constant currency basis and 5 per cent higher on an organic basis. In the period, the Power and Connectivity facility in Dongguan was temporarily closed due to COVID, but the larger GMS facility in Suzhou, near Shanghai, has remained open. Self-help initiatives and decisive action on pricing continue to effectively offset current cost inflation. Management's outlook for the year as a whole is unchanged. The top-line continues to grow at a high single digit pace, profitability is average. Share price is still in a 10-month correction, down around 1/3, so the share lacks momentum. But this also means that valuation is starting to look reasonably attractive with forward PE ratio at 9.4 in the top third for the sector. A solid company, but one to monitor for the time being....

...from WealthOracleAM

[matthew palmer] 09/4/2022 11:29

Anyone on TECHINVEST, I am wanting to form a group of similar minded people to discuss its views etc and information.

Click my name and send a message.