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https://www.tipranks.com/stocks/gb:ttg/stock-analysis
currently 188.46-191.34
analyst target 297.50p
https://www.tipranks.com/stocks/gb:ttg/stock-analysis5
Anticipating super half-year results soon
TT Electronics PLC on Sunday announced a partnership with Honeywell Aerospace on "next-generation" inertial navigation power supply.
TT Electronics' Kansas City facility has been awarded a letter of authority from Honeywell Aerospace to proceed with the design of a new power supply for inertial navigation units.
TT Electronics is a Woking, England-based manufacturer of electronic components. Honeywell Aerospace is part of Honeywell International Inc which is a North Carolina, US-based industrial firm.
Having previously worked together on numerous projects, TT Electronics Vice President & General Manager Matt Sweaney said: "This award reinforces our long-standing partnership with Honeywell and also demonstrates TT’s strategy in action as we continue to grow our position in the aerospace and defence industry."
https://www.ttelectronics.com/investors/shareholder-info/financial-calendar/
half-year 2022 Results
https://www.ttelectronics.com/investors/shareholder-tools/share-price-table/
Certainly hope 325p (or there abouts)
is on the cards for later in 2022
IMO
https://www.ttelectronics.com/TTElectronics/media/SiteFiles/Investors/2021%20FY%20results/TT-Electronics-FY-21-Resultsvfinal.pdf
2021 was a year of strong performance for the Group
? Revenue and adjusted margins back to pre-pandemic levels
? Adjusted operating profit up 31%, reflecting benefits of growth, self-help and
action to offset cost & supply chain headwinds
? Outstanding performance from S&SC and GMS
? Record order book up 56%
? Good visibility for 2022
? Investment in inventory to deliver on our growth plan
strong buy at this level
IMO
Demand Continuing
Trading in the period reflects the ongoing healthy growth trends in TT's focus end-markets and the strength of our customer relationships. Group revenue was 6 per cent higher than the previous year on a constant currency basis and 5 per cent higher on an organic1 basis.
Order intake continues to run well ahead of revenue with book to bill for the four months running at 151 per cent.
Expecting some action soon
IMO
7.5 million shares traded today more than any single day for three years. Something is going on!
IMO chart heading straight for 240p before half-year results announced
DYOR
High turnover this morning with over 3m shares purchased at 201.5 p.
My view is that fair value is about 225p. If the half year's results in
early August are good and confirm the AGM statement that trading is
strong then 275p looks realistic. Don't see it reaching 325p this year
unless there is corporate interest.
within months IMO
Divis should start hitting accounts tomorrow. I’m reinvesting at these prices so see what happens…
RBC Target 325p
Think they are quite correct on that
IMO
Topped up a few hundred extra today, should be an update with AGM on Thursday, hopefully more good news.
I agree, it's now below book value. I added more at 166, after my first buy at 186. My next buy will be at 145 if it does get there.
Don't miss this one. At this price nowhere to go but up !
I would agree and we should get some buying when divis pay out for auto re-investors. When I visited a site I asked about supply chain issues (after all its the electronics sector) and they didn't have any due to the type of components they use/manufacture (niche) so I see this as a safe investment in troubled times with a good divi as back up but also great range trading potential as well (I miss Morrisons for the same reason but obviously went out on a high with them!). DYOR etc etc GLA