GKN is a strange one, its heavily influenced by the automotive and aerospace industry which is booming but the SP isnt doing much. One factor could be the strength of Sterling and someone from GKN said they were looking into aquisitions when quizzed recently. Hopefully a trading update/results will provide a boost. Does anyone know when this will be? It could be a good buying opportunity at this price. Any opinions Barlew?
9 Jul '14
SP dropping still
Down another 25p since my last post. Does anybody know why particularly when the brokers keep recommending the share with "buy"
6 May '14
SP keeps dropping
What is pushing the price of these shares down. I believe that they are quite heavily committed in Russia so is the Ukraine situation an dpossible sanctions against Russia causing the problem? The brokers say buy. Is this simply an opportunity to stock up cheap or is there more to worry about?y
25 Feb '14
No, it's just the usual sell on good news seen so often. This will turn around in no time. Broker upgrades needless to say but Jeffries too lazy to work out new figures. I'm positive with this one!
25 Feb '14
Do these results really justify a share price drop of over 3.5%? Encouragingly debt is down. I hope the sp picks up again.
25 Feb '14
LONDON, Feb 25 (Reuters) - British car and plane parts maker GKN reported a 17 percent rise in annual profit, beating analyst expectations, as strong demand in its automotive unit offset sluggish growth in military markets. GKN, which makes chassis and axles for carmakers such as Volkswagen and airframes for planemakers Airbus and Boeing, on Tuesday posted pretax profit of 578 million pounds ($961.25 million), ahead of a company-supplied consensus forecast of 565 million pounds. "Although some of our end markets were challenging, we continued to show growth. We expect the Group's progress to continue in 2014," chief exectuive Nigel Stein said in a statement.
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