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What on earth has happened here? Complete lack of transparency. Is it internal fraud? Misrepresentation of product quality (a la KOBE)? Price fixing? We should be told.
New CEO must be highly rated. That makes it 6% since last week !
Dinoken. RNS new CEO announced very experienced
Surprisingly good rise in sp today. Anyone know why ?
GKN has proven over the years its ability to grow appreciably ahead of overall market growth thanks to its deep connections with customers, highly skilled workforce and global reach. The firm’s £500m purchase of aerospace engineer Fokker in 2015 shows that the company can always use its huge heft and financial firepower to grow through acquisitions when necessary. While the company’s large pension deficit is something to keep an eye on, GKN should continue to perform very well as long as the global economy continues to grow.
Tipped by Fool again today, in preference to BT.
Chinese companies have been rumored to want to make a bid but that is very unlikely to happen or be approved as GKN are involved with military projects in the US
One of their stocks to buy in July ! "Bilaal Mohamed: GKN My top stock for July is global engineering group GKN (LSE: GKN). The Redditch-based firm serves both the automotive and aerospace markets, with the latter expected to cash in on Donald Trump’s push for increased military spending in the coming years. The new commander-in-chief has vowed to increase spending on infrastructure and defence, and this had helped many defence and engineering stocks to rally since last November’s bizarre US election result. GKN’s share price has performed well over the past year, rising 28%, but I still see further upside over the longer term, with rising earnings leaving the shares trading on a very modest P/E rating of just 10 for 2017. Bilaal has no position in any shares mentioned."
Both myself and my parishioners have held GKN for a number of years and have done very well out of them. We continue to hold as we believe that a bid may be around the corner. Over the last few days, about 4:30 in the afternoon, there have been several large 1M + buys. Is someone building a stake or buying on anticipation of good results on the way mostly attributed to a weak pound? A couple of months ago, there was rumour of a chinese bid of about 425p. We shall continue to hold as the shares are beginning to look interesting. Every blessing Rev Shep
Fokker division perform some development work and some apache helicopter landing gear for Boeing
There is a pension deficit of 543m
Anyone know if they supply to landing gear to Boeing for the 777?
I had a stake here about 14 months ago, sold out and not in, but this stock seems to sag. Is there a debt issue of some kind hanging over it? I would like to get back in, because I prefer to hold compnaies with real assets and technical potential. I will dig down a bit and watch what happens.
Apologies for board hopping but- The petition is going quite well; ~4600 signatures so far. Although it really needs a turbo boost. https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016. The FCA don't even reply on the matter, now is your chance to have your say. If you hate seeing buys reported as sells etc!!!!!! Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog. My local MP supported this petition by writing to the petitions committee to help un-stall it. There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go! If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. We are currently getting approx. 100 new signatures a week, but need 3x that amount to reach the target with only 15 weeks to go. At 5000 I will send this to the PM & the chancellor as well as my MP again. So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so. If each person who has signed can get just one other person to sign then we will double the total immediately. I have posted to all aim listed gas n oilies, currently doing the footsy 100. But I can only do so much to push this. Really need you guys & gals to help. Thanks to all who have signed so far. We really need a social / media savvy individual to help generate more interest in this.
GKN PLC GKN Haitong Securities Buy 291.65 294.60 365.00 365.00 Reiterates SP Target 365p
cityam 21 December 2015 1:49am Best of the Brokers for 21 December 2015
GKN GKN PLC GKN plc (LON:GKN)‘s stock had its “buy” rating restated by investment analysts at Beaufort Securities in a research note issued to investors on Friday, MarketBeat.com reports. In other news, insider Sclater,Jos bought 7,792 shares of the business’s stock in a transaction dated Friday, September 25th. The shares were acquired at an average price of GBX 255 ($3.94) per share, for a total transaction of £19,869.60 ($30,672.43). Also, insider Reynolds Smith,Andrew sold 168,353 shares of GKN plc stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of GBX 284 ($4.38), for a total value of £478,122.52 ($738,071.19). A number of other analysts also recently issued reports on GKN. Credit Suisse reiterated an “outperform” rating and issued a GBX 410 ($6.33) target price on shares of GKN plc in a report on Wednesday, July 1st. Investec restated a “buy” rating and set a GBX 410 ($6.33) price objective on shares of GKN plc in a report on Thursday, July 2nd. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 426 ($6.58) target price on shares of GKN plc in a report on Tuesday, July 7th. RBC Capital reissued a “sector perform” rating and issued a GBX 330 ($5.09) price target on shares of GKN plc in a research report on Friday, July 10th. Finally, Numis Securities Ltd reaffirmed an “add” rating and set a GBX 400 ($6.17) target price on shares of GKN plc in a research report on Monday, July 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. GKN plc has an average rating of “Buy” and a consensus target price of GBX 368.94 ($5.70). Shares of GKN plc (LON:GKN) traded up 2.09% during trading on Friday, hitting GBX 293.50. 7,402,048 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of GBX 275.95 and a 200-day moving average price of GBX 321.58. GKN plc has a one year low of GBX 248.56 and a one year high of GBX 389.00. The stock’s market cap is GBX 4.83 billion. GKN plc is a worldwide engineering business, participated in the design, fabrication and service of systems and components for original equipment manufacturers. The Company operates in four segments: Aerospace, Driveline, Powder Metallurgy and Land Systems. Its Aerospace section is a supplier of engine products and aerostructures and systems to aerospace sector. Its Driveline is a supplier of alternatives and automotive driveline systems to the vehicle makers. Its Powder Metallurgy is a manufacturer of sintered components and a producer of metal powder. Its Land Systems is a provider of power management services and products for industrial, building, mining and agricultural equipment. Its other companies consist of GKN Zhongyuan Cylinder Lining Co Lt
GKN GKN PLC Fundies look very strong forward P/E to 2016 is a miserly 10.7, whereas historic P/E norm is around the mid 20s. Stock adverslry affected by the VW fiddling news aswel. Looks far to cheap and oversold to me, plenty of upside here imo. GKN PLC FORECASTS 2015 2016 Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Panmure Gordon 22-10-15 BUY 615.00 28.80 8.72 696.00 31.90 9.65 SG Securities 22-10-15 HOLD 25.18 8.90 26.02 9.44 Exane BNP Paribas 22-10-15 BUY 372.00 21.91 8.82 441.00 22.10 9.26 Numis Securities Ltd 22-10-15 ADD 545.00 25.00 8.75 580.00 25.70 9.20 Canaccord Genuity Ltd 06-10-15 BUY 604.00 27.10 8.80 634.00 27.50 9.30 Investec Securities 25-09-15 HOLD 595.50 26.47 8.76 632.50 27.60 9.14 Westhouse Securities [R] 31-10-14 BUY 665.40 30.50 9.00 727.60 32.50 9.70 2015 2016 Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Consensus 589.05 25.94 8.78 613.98 26.69 9.29 1 Month Change -5.23 0.22 -0.01 -15.00 -0.54 -0.05 3 Month Change -9.38 -1.34 -0.07 -50.12 -3.38 -0.21 GROWTH 2014 (A) 2015 (E) 2016 (E) Norm. EPS -49.40% 108.50% 2.92% DPS 9.46% 8.43% 5.80% INVESTMENT RATIOS 2014 (A) 2015 (E) 2016 (E) EBITDA £702.00m £919.63m £991.91m EBIT £385.00m £619.54m £666.64m Dividend Yield 2.82% 3.06% 3.23% Dividend Cover 1.54x 2.95x 2.87x <b>PER 23.11x 11.08x 10.77x</b> PEG -0.47f 0.10f 3.68f Net Asset Value PS 2.25p 105.65p 116.52p
Not withstanding the fact that many other sp dropped on the VW news, one might imagine the MMs now have a bag-full of shares they want sell and don't want to buy anymore? PS, broker targets: is this just another MM ruse to prevent selling at an obvious sp top?
Exactly and totally agree with you. Yet another example of irrational or perhaps intentional manipulation of a share price. This kind of thing happens all the time in various sectors, associating a link with a company making news headlines for the wrong reasons.
In my opinion today's share drop in GKN makes no sense. Why should the misfortunes of one car manufacturer affect GKN. Will the public buy less cars? No. Surely GKN is a global supplier to all the car manufacturers with their advanced driveline technology etc. If someone buys a Ford instead of a Volkswagen I'm sure it must have the same GKN bits inside. Feel free to tell me if I'm talking rubbish, I'm just puzzled by these irrational moves. Before this Volkswagen debacle I had the impression that automotive sales at least in Europe were going rather well.
I've learn't not to take much notice of these so called "expert" analysts and don''t generally trust them as I believe a few are attempting to manipulate prices. I had to laugh at the time of one of them in March 2014 from Barclays justifying an ASC target price of £80 when it was already on a lofty rating with a price of £60 at the time of the forecast. Look where the price is now - £26. Plus you have the irrational behaviour of those influencing market indexes, one moment it's concerns about rising US interest rates then when the authorities don't indicate a rise it switches to concerns about the global economy because US rates will not rise in the short-term. Onto GKN. The market hasn't really liked this share much usually resulting in a P/E lower than its peers. I think the main concern is that GKN has still to address its pension fund deficit. I do like the emphasis though of moving more and more into the civil aircraft business sector as I think this will be a growth area for years to come and compensate for other cyclical segments they operate in.
Forgot to add that BlackRock, Inc reported that they have upped their stake to above 5%. Which follows the recent Fokker purchase and a solid six months of trading. So, who's playing the fiddle ?
Very possible the latest Broker Targets might have induced some selling by private Investors, however, as said, these so called experts are covering their backs so they don't appear as absolute ****s. As we all know in between the lines, games are often being played to get the SP's down for obvious reasons. Trust not those with the power to influence prices, ie' Brokers / Analysts / Market Makers. The Times' Tempus stated at the end of July that the stock is good value, and since, even better with recent drops. The Fokker purchase should earn some extra income along the way too. I doubt that the large Funds will be selling their Holdings, with a view to further gains in due course. Current global issues aren't helping either. I'm hanging in !
Just looking back to an earlier post or two in February and the number of brokers who were forecasting target prices of between 400p and 500p for GKN. Since then the stock has dropped almost 20% from the 366p price at the time of making their forecasts to its current 302p. Reassuring to know these so-called experts can be just as hopeless as we mere mortal stockpickers and we shouldn't get carried away with what they say.