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(MGGT) Meggitt General Share Chat

Discussion in 'General Share Chat' started by Microem1, Nov 10, 2015.

  1. Microem1

    Microem1 Administrator

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    (MGGT) Meggitt General Share Chat
     
  2. Mongoose82

    Mongoose82 A Legendary Member

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    Read Panmure Gordon & Co's note on MEGGITT PLC (MGGT), out this morning, by visiting https://www.research-tree.com/company/GB0005758098

    "The shares have recovered 15% since the profit warning in October last year. The management has boosted the rate of investment to counter the profit decline. However, we expect further profit warnings and are moving our recommendation from HOLD to SELL. We believe the two main sources of expected profit growth – advanced composites and aircraft braking systems – will fall short. Our research highlighted in this note has shown that (1) exceptionally high pro-forma margins of the acquired advanced composites businesses could p ..."
     
  3. Mongoose82

    Mongoose82 A Legendary Member

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    Read Beaufort Securities's note on MEGGITT PLC (MGGT), out this morning, by visiting https://www.research-tree.com/company/GB0005758098

    "Meggitt continues to build on its existing ties with the Canadian Armed Forces, given it has received another contract. The target systems to be manufactured include the advanced, unmanned Hammerhead surface system, which can form part of a swarm threat simulation of up to 16 vessels, and Vindicator, an aerial target that can present the appearance of various aircraft profiles to radar, for naval weapons development and personnel training. Recently, Meggitt reported its Q1 2016 trading updates, which were in line with expectations. The company remains on track with regard to cost-cutting plans. Meggitt is likely to benefit from a stronger US dollar and the two composite acquisitions completed towards the end of 2015. The company has undertaken initiatives to improve R&D investments and acquire new platforms, aimed at long-term revenue growth. In addition, the deployment of the Meggitt Production System has resulted in several tangible improvements in many operational and customer satisfaction metrics. Meggitt's high focus..."
     
  4. Mongoose82

    Mongoose82 A Legendary Member

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    Beaufort update: https://www.research-tree.com/company/GB0005758098

    "Meggitt's contract win clearly showcases its strength in the market. The company's product design offers a drop-in replacement for the original actuator with low operating stresses, modern components and manufacturing techniques that provide improved reliability. Last month, Meggitt won a five-year National Individual Standing Offer (NISO) worth up to US$35.0m from Canada's Department of National Defence. Recently, Meggitt reported its Q1 2016 trading updates, which were in line with expectations and said it remains on track with regard to cost- cutting plans. Meggitt is likely to benefit from a stronger US dollar and the two composite acquisitions completed towards the end of 2015. The company has undertaken initiatives to improve R&D investments and acquire new platforms targeting long-term revenue growth. In addition, the deployment of the Meggitt Production System resulted in several tangible improvements in many operational and customer satisfaction metrics. Meggitt's high focus on product quality, operational efficiency and programme management would increase the company's attractiveness as a supplier of choice to meet the changing customer needs. "
     
  5. Mongoose82

    Mongoose82 A Legendary Member

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    Panmure covered them in today's morning note

    "Yesterday, Dassault Aviation cut its delivery forecast for Falcon business jets by 17 %. It now plans to deliver 50 Falcon jets in 2016 down from a previous target of 60 and 55 deliveries in 2015. The company is blaming geopolitical uncertainty, ample availability of second-hand planes and strong pricing pressures across the whole range, with Bombardier being particularly aggressive. Meggitt provides wheels and brakes for Falcon 7X and 900LX."

    Https://www.research-tree.com/companies/uk/aerospace/meggitt-plc/research
     
  6. Mongoose82

    Mongoose82 A Legendary Member

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    "Meggitt is now facing additional headwinds in its Civil OE business in addition to the loss of market share and falling margins evident in its H1/16 results in its newly acquired advance composites businesses. Bombardier’s warning on CSeries deliveries on Tuesday suggests that we may have underestimated the supply chain problems affecting PurePower™. This could not only impact Meggitt’s ability to deliver its low single digit organic growth target for the 2016, but may also impact margins due to delays, complexity of the technologies and product modifications. We have also taken this opportunity to restate our forecasts based on forthcoming accounting changes in 2018 whereby programme participation costs are no longer expected be capitalised. This reduces our 2016-18 EPS forecasts by 8-11%."

    Panmure update on Research Tree
     

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