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I was also on a train today and overheard a conversation that Jennifer Aniston wants to spend a night with me!!!
on a train today between these two well dressed men who appeared to be something really big in the city. They were very much of the view Cobham was to be avoided.
Agree!!! I wouldn't touch these until they fall to half the rights issue price!!!
The offer price will be interesting, probably better to be out here and wait until RI price known. No bounce until RI is in place. Suspect < £1.00 on the horizon. I see £1.50
Hi Hussain, I cannot tell you what price the RI shares will be offered at, or how many shares will be offered for each existing. But I can give you an idea of what it is likely to cost you to fully subscribe. There are currently 1,132m shares in issue, so to raise £500m, shareholders would need to pay about 44p for each share that they currently own. So working out what this is likely to cost you is fairly simple. The offer will depend on what the sp is just before they announce it, and how keen the big investors are to join in.
Hi...anyone have any rough ideas what the rights issue price may be ?
Ouch. Possible to catch the bounce at **pence?
I can see £1.00
I can see £1.50
I can see £1.50
Ex-Dividend coming and no one seems to want to buy in. Will there be a mass exodus tomorrow after people get the dividend in the bag? I think so.
Cobham is not up for sale!
OK. Disclosure up front. I’ve just bought a lot of Cobham (COB) post it’s profit warning this morning. Why? I think it’s very likely to attract a bid from Honeywell (HON). Honeywell has been on the acquisition hunt for a long time (numerous press reports and CEO comments on the quarterly results). This “phoney war” where they kept talking about M&A but doing nothing ended with the announced talks with UTC. This has now ended. So why Cobham??? It (and Meggitt to be fair) fits HONs Aerospace division very well. There is strategic overlap in virtually everything they do: https://www.cobham.com/about-cobham/# - look through the divisions and compare to Honeywell’s aerospace division http://www.honeywell.com/industries/aerospace-and-defense The overla is all there…. And that means a lot of synergies. With top line being difficult, growth on the bottom line can come from strategically sensible (tick), financially accretive (tick tick) deals, especially if the target’s stock price is under pressure (tick, tick, tick). Including typical 30% premium the deal size is easily achievable (HON’s market cap is $86bn…)
Back up to £2.50 eh! Between this and Minoan you really do know how to pick em :-)
I can see £1.50
Back up to 2.50 please
Barclays have this as overweight and target 255.00
8.13.Nice
Nice safe divi here.Good defensive share.
Nice divi
Still away to go to my 2.50 break even
Moving up.ex divi 28.
Why is this so low.Is divi safe???
Liberum Capital today reaffirms its buy investment rating on Cobham PLC (LON:COB) and cut its price target to 270p (from 330p).
(ShareCast News) - An earnings miss in volatile market conditions is a sure recipe to send your stock price tanking. On 5 November, aerospace and defence engineering group Cobham told shareholders they could expect full-year earnings per share of between 20.1p and 21.7p. In the event, the company delivered 19.5p, sending its shares duly lower by 19.75p to 239.75p, with profits weighed down by further weakness in several markets and a "small technical overshoot" because of a couple of disposals, The Times's Tempus said. A drop in shipping weighed on the marine side of the business and there are less flights around Australia because of low commodity prices. Slowing orders also dragged on cash-flow and sales are expected to be "flattish", scant improvement on the 1% drop in organic revenues seen in 2015. Non-recurring provisions also flattered the bottom line, with profits before tax up by 9% to £280m. Lost orders from telecoms providers will come through but the commercial side is set to remain weak. On the upside, geopolitical concerns should feed strong demand for its missile control systems. At 13 times earnings the valuation on the stock seems "fair", Tempus said.