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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tt Electronics Plc | LSE:TTG | London | Ordinary Share | GB0008711763 | ORD 25P |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
---|---|---|---|---|---|
105.00 | 106.00 | 106.50 | 103.50 | 103.50 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electronic Components, Nec | 613.9M | -6.8M | -0.0382 | -27.75 | 184.11M |
Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
---|---|---|---|---|
16:35:03 | O | 100,000 | 105.00 | GBX |
Date | Time | Source | Headline |
---|---|---|---|
18/12/2024 | 13:06 | UK RNS | TT Electronics PLC Holding(s) in Company |
13/12/2024 | 13:59 | UK RNS | Franklin Resources, Inc Form 8.3 - TT Electronics plc |
13/12/2024 | 11:38 | UK RNS | Barclays PLC Form 8.5 (EPT/NON-RI) TT ELECTRONICS PLC |
13/12/2024 | 09:22 | UK RNS | Numis Securities Limited Form 8.5 (EPT/RI) - TT Electronics plc |
13/12/2024 | 06:12 | ALNC | TT Electronics has "confidence" in outlook as Volex ends pursuit |
12/12/2024 | 18:17 | UK RNS | TT Electronics PLC Response to Volex no intention to bid statement |
12/12/2024 | 12:00 | UK RNS | Peel Hunt LLP Form 8.5 (EPT/RI) TT ELECTRONICS PLC |
12/12/2024 | 11:40 | ALNC | Volex ends takeover approach for TT Electronics as offers rebuffed |
12/12/2024 | 11:07 | UK RNS | Barclays PLC Form 8.5 (EPT/NON-RI) TT ELECTRONICS PLC |
12/12/2024 | 11:00 | UK RNS | Charles Stanley & Co. Ltd. Form 8.3 - TT Electronics plc |
Tt Electronics (TTG) Share Charts1 Year Tt Electronics Chart |
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1 Month Tt Electronics Chart |
Intraday Tt Electronics Chart |
Date | Time | Title | Posts |
---|---|---|---|
19/12/2024 | 08:35 | T.T.Electronics charts and news2005 | 3,442 |
15/11/2008 | 12:52 | If TT cuts divi, shares will collapse to 40p | 9 |
10/12/2007 | 20:42 | TT Electrincs - borrowings linked to Libor? | 1 |
20/4/2006 | 15:49 | TT Electronics -Falls on concerns about trading | 136 |
28/9/2005 | 19:58 | T.T.ELECTRONICS | 503 |
Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
---|---|---|---|---|
2024-12-20 17:03:53 | 105.00 | 100,000 | 105,000.00 | O |
2024-12-20 16:54:54 | 106.50 | 2,245 | 2,390.93 | O |
2024-12-20 16:35:03 | 106.50 | 236,511 | 251,884.22 | UT |
2024-12-20 16:29:53 | 106.00 | 6 | 6.36 | AT |
2024-12-20 16:29:53 | 106.00 | 3 | 3.18 | AT |
Top Posts |
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Posted at 21/12/2024 08:20 by Tt Electronics Daily Update Tt Electronics Plc is listed in the Electronic Components, Nec sector of the London Stock Exchange with ticker TTG. The last closing price for Tt Electronics was 103.50p.Tt Electronics currently has 177,884,541 shares in issue. The market capitalisation of Tt Electronics is £188,557,613. Tt Electronics has a price to earnings ratio (PE ratio) of -27.75. This morning TTG shares opened at 103.50p |
Posted at 12/12/2024 13:28 by liam1om Didn't TTG release the trading update on 16/9 which caused a 40% drop in the share price The bid was a few months after, unless I'm missing some news in between? |
Posted at 12/12/2024 13:22 by indiestu The point being. Volex needed to get the low ball offer in quickly following the TU before the share price recovered. The share price would likely of made it back to these levels by now as it adjusted for the improved prospects for 2025 and beyond. Market looks forward. Its a buy. |
Posted at 20/11/2024 14:05 by stuffee Re lack of disclosure of previous cash proposal.I don't have much sympathy for TT's board in general, with their massive destruction of TT shareholder value over the last five years, but to be fair to them, there may have been good reasons for the lack of disclosure of the previous bid approach: - could have been a credibility problem with bidder's ability to raise the cash; - proposal could have been subject to numerous unacceptable conditions; - did not want to create the distraction from any uncertain bid. Interesting that there is still a substantial discount between the value of the Volex proposal (currently worth 127p per TT share) and present TT share price (108p). I don't feel there is much doubt in Volex's ability to raise required funds or doubt on their ability to proceed; Nat Rothschild has been round the block a few times, knows the score and doesn't want a reputation of "bottling" it. I guess it suits Volex to give an impression of doubt, to maintain discount in TT price and encourage subsequent shareholder acceptance. I am happy to continue to hold TT shares, then accepting Volex paper, as I feel it could be a rewarding acquisition for Volex. |
Posted at 19/11/2024 22:40 by master rsi From"X" (twitter)......... Excellent piece in the Times on the TT Electronics takeover situation, including its management refusing to answer what it means by “recently&rdqu As a former holder of TT, we've continued to follow. On 13 August, around lunchtime, over a 30 minute period, the share price suddenly spiked by 10% from 145p. Was this when the offer came? Presumably at above 200p. With the share price now at 104p, TT's management has a duty to tell market participants (via an RNS) when this was. Describing an event that happened more than three months ago as recently, is misleading and market participants and owners are due a clarification without delay. |
Posted at 19/11/2024 14:24 by sphere25 Abit of stability in prices now so what is the market thinking?Despite the rejection from TTG, it looks like the market thinks VLX has a good chance of taking TTG out at the current price or higher. That is reflected by the strength in the TTG price i.e. not falling away back under £1 and the lack of bounce in the VLX price i.e continued weakness on the possibility of taking on all the debt (and possibly more) in buying TTG in its current messy state. The market is concerned about the debt VLX will take on, even though the combined proforma net debt figures are reasonable, but I think it is more about the unknowns at TTG. TTG don't have a handle on the situation themselves, with the quick forecast downgrades, so how someone new comes in to integrate the two and untangle the mess will be a natural overhang. If that doesn't work out well, what does that mean for forecasts and where would combined group debt go? Is this the right or wrong time to make a move on a company in TTG's situation? If the offer is rejected, VLX bounces strong. I want to go long VLX, but TTG is a dark cloud in the short run. Wondering what happens to TTG if VLX have to give up. BlackRock were hell bent on selling so they were acting as overhang, but I don't think the price would have held any bounce even if they were cleared. There would have been further sellers, the market is firmly against TTG. It didn't look like anyone was bold enough to buy big on weakness, so the market is clearly worried that further downgrades could come, and that debt figure could cause bigger issues. Could there be financing issues? So it looks like TTG goes back near the lows, unless the market thinks it is in play with another bidder, but this is a precarious time for TTG in the short term. The board will clearly believe that they can turn the situation around and the share price will recover in the medium term. VLX have already slated TTG about their performance, so they won't buy that, and the market is clearly apprehensive with the TTG rating being so low too. It does make you wonder if TTG should play for a takeout price, whether from VLX or someone else. It looks like another bidder has been mentioned, but unsure when that was from. I remember rumours around this company years back too so it has had some form of history of someone sniffing around it. Maybe someone else takes a look? Rothschild at VLX must clearly know what he is doing so you can't argue against that. Just wonder if alot worse is to come at TTG. But yeah, a few ramblings there. As I say, I want to go long VLX without them taking on TTG, but I don't decide nowt...nowt I tells thee...nowt! Let's see what happens. Algos will probably move together in a flash for both companies when significant news is out too. Big gaps could easily follow either way. All imo DYOR |
Posted at 15/11/2024 13:55 by indiestu There is no reason given for rejecting the all cash indicative proposal from whomever. So did they feel this all cash proposal undervalued the company or did they feel the suitor was not suitable? We may never know.The good news is that the door is not closed to Volex who could come back with an improved offer that would have to go to a shareholder vote. The Directors don't have sufficient voting rights to sway any decision so it would be down to us shareholders to decide. The question being, considering the low share price and the fact that many will be underwater what price will need to be realised? |
Posted at 15/11/2024 10:18 by boadicea TTG appears to be ~93% owned by institutions who should be in a position to put the screws on management to engage. We are a very small minority.The TTG management are now seriously lacking credibility which is largely the cause of the current low share price in a market which itself lacks the confidence to take on anything challenging. All credit to VLX for seeing the opportunity to exploit the undervalued assets of TTG. We can only hope that sense will prevail. Major shreholders - |
Posted at 08/10/2024 09:29 by master rsi Another day, another retrace at the share pricespread 95.80 v 96.20p -1p There were 8 days of rising on the last cycle of the UPS and DOWNS, the share price is now on the 2nd day of retrace, meaning there is more to go before the new cycle of the rise is ON. |
Posted at 01/10/2024 07:45 by master rsi "TT Electronics plc's (LON:TTG) Intrinsic Value Is Potentially 75% Above Its Share Price"- Mon, 30 Sept 2024, 3:16 pmWall street comment yesterday... "Key Insights TT Electronics' estimated fair value is UK£1.64 based on 2 Stage Free Cash Flow to Equity TT Electronics is estimated to be 43% undervalued based on current share price of UK£0.94 Our fair value estimate is 6.8% higher than TT Electronics' analyst price target of UK£1.54" |
Posted at 16/9/2024 15:32 by wallywoo Just bgt in here at 97p. If this company achieve £37m to 43m op profit then eps will likely be 13 - 15p. That makes this share price good value imo.The company has been around for a long time and always paid good dividends. Share price not been this low for 10 years. Likely to bounce off this level imho. |
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