Feeling that with the recent changes in exchange rates and an supportive portfolio of businesses, GKN is as well placed as any major UK manufacturer.
19 Oct '14
Update on Tuesday, fingers crossed this is good news, I need a decent uplift in SP as im sitting on a paper loss at present. Many others invested here?
9 Oct '14
A nice update. Looks like I didnt catch the bottom with my top up but on a long term play happy with more shares at 312.
8 Oct '14
Aerospace and automotive group GKN should be able to weather any impact on its car parts business of economic weakness in Europe, according to Westhouse Securities. Westhouse analysts, who met investor relations executives from the company on Tuesday, said they left feeling encouraged about its markets, revenue and margin trajectory of GKN’s key businesses, in particular drive-shaft business Driveline. "While slowing economic data from the Eurozone and Asia is likely to have some impact on global vehicle production if sustained, we believe the impact on GKN may be modest," the broker said in a note. "We leave our earnings per share estimates and 450p price target unchanged." Shares in GKN fell 10.5p or 3.4% to 294.9p at 12:19 in London.
1 Oct '14
i happen to agree with you on the exchange rates. A drop in the strength of the £ against the $ will be a lot better showing in the results as with all multinats that report in $. As for the drop this fast i think its the last of sept sell off for the certain people . hoping its a buy the dip and not a water fall decline.
1 Oct '14
I've just topped up, perfect buying opportunity in my eyes. Dropped from 430 ish in recent times with no real reason to the fundamentals. Car sales, civil aerospace are strong. $ strengthening against £ - only factor is the € weakness. Anyone else on this board, would welcome opinions and what your strategy is on this share and where you think it may go.
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