Tt Electronics Share Discussion Threads

[boadicea] 03/8/2023 08:49

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 16:54

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 13:28

Shld see 130s by friday

[scepticalinvestor] 16/8/2022 09:10

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

[scepticalinvestor] 15/8/2022 16:38

130 end of week?

[scepticalinvestor] 11/8/2022 17:12

Total bargepole this

[scepticalinvestor] 09/8/2022 15:55

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

[scepticalinvestor] 09/8/2022 15:18

Dropping like a piano down a mine shaft

[currencytrader1] 08/8/2022 14:17

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

[indiestu] 08/8/2022 14:01

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 13:37

Timber lol

[indiestu] 01/7/2022 17:52

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 13:52

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 12:29

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.

[sphere25] 17/3/2022 12:23

Day two of interesting exchanges here with numerous significant blocks hitting the book (3x410k, 490k and a 900k so far) at 201.5p and volume up to 2.6m.

Watching closer now because these buyers are keen and trying very hard to clear the sellers, but the book is still stacked with sell orders on the offer from 203p in increments up to 206p preventing any break higher.

The book can turn quickly at TTG too so might be worth keeping an eye on to see if these big buyers can exhaust the sellers for a technical bounce.

Sometimes I have a go and it doesn't work. When it doesn't work, can always exit with a little loss but really need to see the offer getting cleared first as per the above post or the sellers could win this crucial battle.

All imo
DYOR

[sphere25] 16/3/2022 10:44

There are some interesting blocks going through here at 201p. In a bullish market the likelihood is that TTG breaks higher on buyers coming in to clear sellers like this. However, this market has big sellers at particular price points and then various layers of further big sellers at higher price points, so even if something bounces, it just gets sold back down.

The exchanges are notable for TTG and could lead to a technical bounce if the buying is heavy enough but it is a stalemate in a firm downtrend at the moment.

We are at 2.17m and rising at the moment with numerous blocks of 250k hitting the book. Clearly if some absolute whoppers hit, then a bounce is more probable, but someone is still sat with a big sell order at 201p at the moment that the bulls are trying to buy out.

TTG really need to clear and close above 205p for a bounce but if the sellers win out with the buyers getting exhausted, then it could lurch back down very easily. Nonetheless, interesting activity and a decent example of what is going on out there. Sometimes it is hard to see the sellers and wonder why the prices aren't bouncing back significantly higher.

All imo
DYOR

[eigthwonder] 14/3/2022 13:27

I think the zero tolerance policy out there has been a long standing niggle for all those who operate out there. Latest news not helpful but probably not much worse than what they have been dealing with

[camdenhills] 14/3/2022 11:25

Anyone on this thread have a view on the latest China lockdown. I read that Shenzhen in China is locked down - is TT, Luceco, others affected adversely by this?

[cellars] 09/3/2022 19:32

I think management has radically changed the portfolio of businesses for the better.

Management's note is reassuring: "Restructuring costs charged in the period primarily relate to cost of the Group's self help programme which began in 2020 and it is expected to conclude in 2022. To date the total income statement expense of the self help programme has been £21.0 million and with the total cost estimated to be £23.4 million."

[boadicea] 09/3/2022 08:17

A decent set of figures from the revenue and production pov. The cash flow leaves something to be desired, in part understandable on working capital grounds but how much more in reorganisation costs may be required going forward?
Acquisitions provide additional scope for fudging the 'adjustments' and I would like to see an independant critical analysis of these figures.

[boadicea] 08/3/2022 17:39

Results coming out tomorrow (Wednesday, 9th.)