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threat of russian sanctions on the car sector by way of retaliation may weigh on this for a while.
Decent level to be getting in at, all depends on whether Russia - Ukraine kicks off. Im buying & to hell with consequences....lol Buy when others are fearful.
thank you Pablo2!
This is the official shorter disclosure site - click on the 'latest spreadsheet' on the right where you then go to a spreadsheet with current and historic tabs at the bottom - updated daily : http://www.fca.org.uk/firms/markets/international-markets/eu/short-selling-regulations/notifications-disclosures
Thanks for the reply - a very useful website, larryH
Can't find any evidence of shorting http://shorttracker.co.uk/company
Does anyone know if gkn is being heavily shorted? As soon as there is a spike upwards, it seems to get knocked down even lower. I believe there is a website that lists what is being shorted - does anyone know this one? Best regards.
Slight improvement and Broker Upgrades to Buy from Hold, so hanging in to see what happens.
Pretty much confirms the reason for the recent downturn, maybe they should use the US revenue to fund foreign acquisition to diversify their cost base! Hopefuly the results on Tuesday look good! Engineering giants Rolls Royce and GKN hit by strong pound By Alan Tovey | Telegraph – 15 hours ago Britain's biggest industrial and engineering firms are likely to be revealed as struggling in the face of a strong pound when they report first-half results this week The impact the strengthening pound is having on some of the UK’s biggest companies will be revealed this week when industrial and engineering heavyweights report first-half results. In the past year the pound has gained in value by 10pc against the US dollar and euro, meaning sales booked abroad and translated into sterling will have a lower impact. Foreign sales conducted in pounds are also getting harder to come by as they have effectively pushed up prices by a similar amount. Kicking off is GKN (LSE: GKN.L - news) , the supplier of drive trains for the auto industry and parts for aircraft, which will deliver its results on Tuesday. “Car sales in Europe are still weak but strong in China and the US, though the comparatives are getting harder,” said Brewin Dolphin (LSE: BRW.L - news) analyst Nicla Di Palma. “However, the big car makers won’t let GKN’s margins get any bigger.” She said the civil aerospace market is likely to remain strong for the next 18 to 24 months, and added that recent events in Ukraine could cause governments to “rethink future [defence] cuts”. Two days later, analysts will be reaching for the paracetamol as Rolls-Royce, BAE Systems (LSE: BA.L - news) and Weir report simultaneously. Derby-based engine maker Rolls could face the heaviest scrutiny. In March it admitted that it was facing a US Department of Justice investigation into allegations of bribery in Indonesia, on top of a longer-running Serious Fraud Office inquiry into similar claims. However, one City source said this was the “reality of doing business in developing markets”, which serious investors understood. In a note, Investec (LSE: INVP.L - news) analyst Rami Myerson warned to “expect volatility… as investors factor in Rolls’ strategy to become a diversified industrial rather than a pure-play aero engine company”. BAE will be under pressure, as US rivals such as Lockheed Martin have recently reported strong results that could make the world’s second-largest defence business seem underperforming. However, the agreement on the pricing of sales of Typhoon jets to Saudi Arabia has given the business some stability. Look out for further comment on Scotland as analysts say BAE would be the worst hit should the Union dissolve. Industrial pump-maker Weir has been the strongest performing industrial in the year to date. However, Deutsche analysts warn that it is “not all plain sailing&
I regret that I have no idea whatsoever. I suspect that the Russian scene does not help as I think GKN have some sort of plant there focussed on agricultural machinery. The strong pound clearly does not help. GKN should be doing better and recently won a large contract from Bombardier in Canada.for parts for trains. Brokers say buy but targets are being reduced and the shares diminish in value. The drop must stop somehwere but where? Perhaps they will be taken over by some richer company from abroad - who knows? I am holding but don't like seeing the value of my shares sinkl and sink and sink....
fwiw i agree....report 29th i believe.
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?
Down another 25p since my last post. Does anybody know why particularly when the brokers keep recommending the share with "buy"
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
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!
Do these results really justify a share price drop of over 3.5%? Encouragingly debt is down. I hope the sp picks up again.
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.
GKN’s Marcus Bryson to become President of UK trade organisation ADS Group / Aerospace Marcus Bryson, CEO GKN Aerospace, will take over as President of the UK’s premier Aerospace, defence, security and space trade organisation, ADS Group for the next two years. Mr Bryson will take up the role alongside his position as CEO of GKN Aerospace and Land Systems and that of co-chair of the successful and strategically important UK Aerospace Growth Partnership. Marcus Bryson, the incoming President of ADS Group commented: “This is an exciting time for our sectors: there has been great progress during the last two years and the prospects are good but we cannot afford to be complacent. The UK economy is starting to recover and essential key wealth producing sectors, such as ours, help to deliver the right growth for the UK economy’s long term sustainability. I’m thrilled and honoured to take up the position of President of ADS Group at such an important time.” Nigel Stein, GKN Chief Executive, said: “I would like to congratulate Marcus on this prestigious appointment. It is a huge honour for Marcus to be leading this important UK organisation and GKN is extremely proud to be strengthening our relationship with ADS.” Mr Bryson takes over the ADS Presidency from Robin Southwell, CEO of Airbus Group UK who held the position for two years. 15/01/2014 @ 10:00am
Auto engineering group GKN advanced on plans for its Driveline division to strengthen its global footprint with a new manufacturing plant in Russia - an "increasingly important" market, it said.
GKN Driveline, part of global Automotive and Aerospace engineering group GKN plc, is strengthening its global footprint with a new automotive manufacturing operation in the increasingly important Russian market. GKN Driveline is to initially open a 5,000 square metre plant in Togliatti, a city in the Volga region of Russia, where a number of large car manufacturers are already based. GKN production of constant velocity jointed sideshafts for a number of automotive customers is expected to commence in early 2015. Andrew Reynolds Smith, CEO GKN Automotive, said: “Russia is a key growth market for car manufacturers and this is an important step for GKN. A key part of our strategy is to continue the development of our global footprint, building the capability to add more value for our customers across a range of Driveline products. “GKN already supplies Driveline products to many of the large car manufacturers in Russia, but the new plant, which is the first of its kind in the country, will offer locally-produced products together with the excellent service our customers already expect from GKN.” The Russian automotive industry produces over two million cars each year. Production is forecast to grow driven by increasing demand and government policies that are aimed at creating new production facilities and additional investment in the automotive market. ( 15 jANUARY 2014 )
Could be a good year for GKN, and yesterday, nice to see the revised Upgrade from Investec Securities from 410.00p 420.00p retaining Buy. A stock held by many Investment Houses.
Broker Updates on GKN 25 Oct 2013 GKN PLC GKN Cantor Fitzgerald Buy 373.30 376.20 420.00 430.00 Retains 25 Oct 2013 GKN PLC GKN Credit Suisse Outperform 373.30 376.20 395.00 395.00 Reiterates
GKN’s Buy Rating Reaffirmed at UBS AG (GKN) Posted by Tammy Falkenburg on Oct 22nd, 2013 // No Comments UBS AG reiterated their buy rating on shares of GKN (LON:GKN) in a research report sent to investors on Friday morning, Stock Ratings Network reports. The firm currently has a GBX 400 ($6.47) price target on the stock. UBS AG has also taken action a number of other stocks recently. The firm raised its price target on shares of Koninklijke Philips Electronics from $25.00 to $28.50. They have a buy rating on that stock. Also, UBS AG downgraded shares of China Mobile Ltd. from a neutral rating to a sell rating. Finally, UBS AG downgraded shares of ArcelorMittal from a neutral rating to a sell rating. They noted that the move was a valuation call. Shares of GKN (LON:GKN) traded up 1.74% on Friday, hitting GBX 368.80. 7,612,995 shares of the company’s stock traded hands. GKN has a 52-week low of GBX 201.00 and a 52-week high of GBX 370.70. The stock has a 50-day moving average of GBX 350.6 and a 200-day moving average of GBX 317.2. The company’s market cap is £5.977 billion. Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald reiterated a buy rating on shares of GKN in a research note to investors on Friday. They now have a GBX 420 ($6.79) price target on the stock. Separately, analysts at Societe Generale reiterated a buy rating on shares of GKN in a research note to investors on Thursday, October 17th. They now have a GBX 425 ($6.87) price target on the stock. Finally, analysts at RBC Capital reiterated a sector performer rating on shares of GKN in a research note to investors on Thursday, October 10th. They now have a GBX 365 ($5.90) price target on the stock, up previously from GBX 290 ($4.69). Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of GBX 346.21 ($5.60). GKN plc is a holding company. The Company is a global engineering group. The Company operates in four divisions: GKN Driveline, GKN Powder Metallurgy, GKN Aerospace and GKN Land Systems.
Broker Update 2013 GKN PLC GKN Cantor Fitzgerald Buy 370.70 370.70 - 420.00 Retains SP Target 420p.
......Rolls Royce announced yesterday they were not going to proceed with UTC Pratt and Whitney medium engine jv for 130-250 seat jet airliners.....This throws up the possibility of GKN Volvo being Rolls partner in medium jet engines....Reg