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Sales momentum strong and continuing;
? 2022 expected revenues already fully covered and
? orderbook creating a step-change in visibility of revenue for 2023
? Clear line of sight to delivering our unchanged, full year expectations with Group performance
benefitting from an acceleration in growth, pricing action and the completion of our self-help
programme
? Improved H2 profit and cash generation supports expectations that net debt to adjusted EBITDA
will be within 1-2 times target range at year-end
I joined the call to the company following the results. Main concern over margins. They are confident they will improve in the second half (jam tomorrow) but in this half there are the signs that despite good order growth they can not convert it into profit. All the usual signs of the business needing more cash (Compared with a year ago; Inventories up £87m, debt up £35m and free cash flow negative 23.5) These are inflation and growth pressures and unless they can convert the growth into profits the shares are not going to find it hard to get to the analyst's forecasts. Actually I expect them to reduce their price targets.
The current US-China tension should benefit this, guess we will have to see in the next earnings report.
WildTiger - Am in TTG heavily and just bought more @ 182p
May take some time to get to my target 270p
The results looks good, just bought back in. Really didn't expect this to drop.....what a gift, thank you sellers.
Zero interest in this one, good buy when it drifts down with everything else over the next year...
187.716-191.95
Read well to me, but the City may have different opinion
· Revenue up 10% on a constant currency basis, 8% on an organic basis, reflects our successful positioning in structural growth markets and new project wins
· Book to bill of 144% and record order intake, with 23 new significant contract wins in the half delivering over £60m of multi-year revenues.
· Order book more than double pre-pandemic levels and up 55% vs. prior year
· Adjusted operating profit up 5% at constant currency
· Pricing action offsetting inflationary pressures
· Investment in inventory to support increased customer demand, extended material lead times and shipment delays impacting cash flow and leverage, as anticipated
· Statutory operating profit down 4% at £8.9m, statutory basic EPS of 2.3p
· Interim dividend increased 11% to 2.0p per share reflecting confidence in full year outlook and future prospects
Results for the half-year ended 30 June 2022
188.78-195.02
throughout the World
https://www.ttelectronics.com/about/locations/
Market Cap currently 339 million - not so small eh
Am in for the long haul
Will see 270p and more
IMO
The interim results to end June 2022 are due out on 4th August. Probably more about the statement for the full year than the actual numbers reported. I hope you are right about 200p + but the market is not too interested in small electronic stocks.
186.71-196.29p
Hoping for 200++ this week
TT electronics is a technology based group with a leading position in sensors and electronic components and a significant presence in electronic manufacturing services and secure power systems in global markets.
https://www.proactiveinvestors.co.uk/LON:TTG/TT-Electronics-PLC
i would expect we will test 200p this week, with results expected on Thursday.
Watch this space!
190.64-194.19
5 minutes until close
Reiterated on 13 May
I have ever hope TTG will reach at least that target this year
IMO
194.39-195.61
Looking good to head above 200p next week
IMO
193.86-195.36
192.22-193.58
https://www.tipranks.com/stocks/gb:ttg/stock-analysis
currently 188.46-191.34