Share Name Share Symbol Market Type Share ISIN Share Description
Ultra Electronics Holdings LSE:ULE London Ordinary Share GB0009123323 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1,179.00p 1,175.00p 1,179.00p - - - 0 06:33:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 785.8 67.6 82.8 14.2 916.27

Ultra Electronics Share Discussion Threads

Showing 176 to 198 of 200 messages
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DateSubjectAuthorDiscuss
19/11/2017
20:10
There is a blog post on Ultra Electronics available here: hTTps://www.sharesoc.org/blog/company-news/abcam-agm-cambridge-cognition-ultra-electronics-wey-education-idox/
sharesoc
16/11/2017
15:38
I had put this on a wait before investing list a while back so I definitely dodged a bullet here. I noted at the time that they said figures in the new year would start to show costs of an acquisition (I forget which), ie. get worse. So I think if there is any hope of a modest improvement, it is likely only to be very temporary. Of course that's excluding any sudden takeover interest.
wobaguk
16/11/2017
15:38
Monkey scum shaking whilst filling orders ... usual bent antics aided by their little bot helpers
al h
16/11/2017
15:29
Do the CEO and CFO share a not very common surname? Always peculiar to me, even if just coincidence.
p1nkfish
16/11/2017
10:33
Kept 2 out 3 in the sector - bab and ba. Sorry ule but you had your chance and you blew it! Should have listened to Phil on this one. Suet
suetballs
14/11/2017
16:02
"show me a share price that is doing very well in this sector ?" Boeing?
minerve
14/11/2017
11:11
Douglas Caster has £4m of shares so sometimes a relatively small purchase at the £100k level is a PR exercise to restore confidence in the shares. If you look back in 2016, Rakesh Sharma sold about £1m of shares. He then did 1 purchase of 45k and two others of 9k in August and September. Those little purchases looked like PR exercises back then and look more so today.
apollocreed1
14/11/2017
07:03
Lex (FT) very negative on Ultra today - Key points Revenue REcognition - Rising trade receivables -adjustments Satatutory pbt of £103M adjusted up to £232M -£590 of acquired goodwill and intangibles Well worth a read - Possibly not a buy (imo) even at this level if more black holes still to be discovered.
pugugly
14/11/2017
02:04
The sacking of the CEO was very short in detail and I suspect some very bad news may come out later - possibly financial fraud. In the February trading update he had said that good results would be weighted to the second half, but I think that was just a delaying tactic as he knew that the business was failing. If slightly negative growth in revenue is the only bad news then there's no reason for the shares to crash so much. This makes me think that some dire financial news may come out in the next few weeks that is being covered up. The shares began to crash from around £18.20 on Thursday so I believe that some info was being leaked or there may have been insider trading. On Shorttracker.co.uk 8.8% of the shares are being shorted by hedge funds and they've been short for the last few months. They blame delays and cancellations of UK MOD contracts for the negative grow, but Qinetic gave a trading update on 29 September where they stated that MOD contracts were performing fine. The strategy of Ultra has been backward looking for the last few years. Rather than innovate, they buy old businesses that have maintenance contracts for old products that provide Ultra with cashflow, but a defence business has to invest in R&D for long-term success.
apollocreed1
13/11/2017
22:20
Not sure, I would anticipate some overseas interest though, US or Asian. Ultra has long been touted as a takeover target, now seems as good a time as any. No long term CEO often invites interest as well.
eastbourne1982
13/11/2017
22:00
Who would buy them @eastbourne? Genuinely don't know who in their competitor set would
windsor430
13/11/2017
21:36
This was March 2017: What fired Ultra Electronics to record high? By Graeme Evans | Mon, 6th March 2017 - 17:33 The influence of the 'Trump bump' on the defence and aerospace sector continues to be felt after shares in FTSE 250-listed Ultra Electronics (ULE) soared to another record high following better-than-expected full-year results. With about 85% of revenues from defence and security, Ultra looks well placed to benefit from increasing global tensions and President Trump's plans for a $54 billion (£44 billion) surge in military spending. Ultra supplies advanced electronic and electrical systems and equipment to defence forces around the world. Its capabilities also extend to secure communications, networks and high-grade cryptographic equipment, as well as surveillance and intelligence gathering systems. Meanwhile, the company's safety critical sensors and controls are used in existing and new build nuclear reactors. It also provides specialist software, systems and equipment for use in mass passenger transport systems. Revenues for 2016 were up 8.2% to £786 million, while earnings per share (EPS) lifted 8.6% to 134.6p. Significantly, the company's operating margin increased to 16.7% and its order intake improved by 22%, with organic order intake up 10.4%. Ultra's position in the US defence market has been buoyed by the successful addition of Massachusetts-based defence supplier Herley, which it bought for $222 million in 2015 in its largest ever deal. The integration process is running ahead of schedule, with $2.3 million of the cost synergies already realised in 2016. Ultra did admit Monday that some contract awards will move into the second half of 2017 due to an ongoing impasse on US Federal funding. Investec Securities thinks this could mean revenues weighted roughly 40:60, but with 2018 growth accelerating. Investec, which has a 'buy' rating on the stock, said that Ultra offered the best value in the UK aerospace and defence sector. The broker believes there's more to come from the stock despite today's record high, and has lifted its target price to 2,250p from 2,160p previously. As well as the potential US defence spending boost, JP Morgan Cazenove analysts forecast that the stronger dollar versus the pound will provide a translation boost to EPS. They believe that Ultra may also be a potential acquisition target given its size and strong positions in certain niche markets. If not, there's the potential for further bolt-on deals by Ultra, although these are likely to be smaller than Herley. Under its S3 (Shared Services & Standardisation) scheme, Ultra has allowed legacy companies to share back office functions to save costs but each company remains accountable for winning business and contract execution. Ultra said this and other efficiencies were a factor in ensuring it remains "lean and ready to exploit the opportunities within its markets". However, JP Morgan has identified three potential downside risks — the US budget uncertainty, the impact of Brexit on UK government defence spending and the possibility that a lower oil price could dent sales to the Middle East.
eastbourne1982
13/11/2017
21:11
These look ripe to be taken over to me, shares at multi year lows, market cap well under one billion with operating profit around 120 million, UK market is weak but US market (the biggest market) is looking promising. CEO forced out due to poor performance, focus now on making more out of what the business already has. These were £18 last week, that is 50% upside from here, is the business really that much different to where it was then. I bought some today around the £12 mark.
eastbourne1982
13/11/2017
15:20
Source: Alliance NewsUltra Electronics PLC said Chairman Douglas Caster bought shares worth GBP100,000 amid a share price collapse on Monday. He must know where it's going.Time to buy?
vb6
13/11/2017
15:07
Very little as it happens.
vb6
13/11/2017
13:23
What affect will there be when the States open?
vb6
13/11/2017
12:55
No organic growth since 2008!
r ball
13/11/2017
12:47
Touted as a potential acquisition target a couple of months ago at 2100, so looking far too cheap today.
bakunin
13/11/2017
11:00
Am I missing something here? There's a small decrease in profitability expected here, but the order book is up 20%. We're supposed to be looking forward. Non-exec directors have got rid of the CEO because they don't like his obsession with growth by acquisition. What is not to like here?
bakunin
12/11/2017
18:20
Who knew what and when? All a bit smelly imo. Should have sold out on Friday am which was my first instinct. More big losses tomorrow are inevitable. Suet
suetballs
12/11/2017
09:33
vb6: Most interesting link - Media press release and not rns - Surely both inc resignation should have been announced to the market at the same time as media - also media releases not time stamped so far as I can see - Possibility of Compliance breach ? Still no posting on Investigate that I can find https://www.investegate.co.uk/Index.aspx?searchtype=3&words=ule
pugugly
11/11/2017
23:01
Trading Statementwww.ultra-electronics.com/media/press-releases/trading-statement-nov-2017.aspx35p divi proposed.
vb6
11/11/2017
20:54
Corbyn a disaster.Think Ultra will open 15 % down on Monday.
brain smiley
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