Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Back in @ 156.83
and expecting some recovery
This touched 40p in the last recession, so we have a line in the sand to bounce off...
Dividend & Debt cover look too tight to me
which in the dog-days of summer is not too shabby I guess.
but in September, when potential new investors are back home from holidays, and back to work - they might consider looking at TTG with a view to invest.
IMHO9
sustainable growth and profit could result (hopefully)
Order growth does not necessarily turn into profit. Avoid IMHO
I use a stock screener, TTM clearly shows debt rising...
Reitterated on 5-Aug
would not be too shabby (if achieved by Xmas)
IMO
We have delivered a good performance in the first half with strong revenue growth, as our teams continue
to execute in a challenging environment. Order demand has continued at record levels with increased multiyear programme wins over recent reporting periods. The Group’s order book now stands at £6661
million,
up 55 per cent at constant currency compared to a year ago, and more than double pre-pandemic levels.
This strength reflects both our collaborative approach with customers and the momentum in the end
markets in which we operate, creating a step-change in visibility and giving us confidence in further
attractive organic growth. Constant currency revenue growth was 10 per cent in the half, despite some
programme timing, COVID-19 and supply chain issues.
Peaky
Corroboration required please
https://www.marketscreener.com/quote/stock/TT-ELECTRONICS-PLC-39429679/ratings/
is not reflected in current SP
IMO
It's the climbing debt that's the problem..
half-year results not bad considering the current market-place
IMO
I agree Picky, more crash required here soon, I'm watching from the safety of the sidelines...
04-Aug-22 15:28:34 179.30 140,000 Buy* 178.40 179.40 251.02k
huge mark-down today not warrented by results
IMO
IMO a very decent BUY trade for growth potential short/medium term
“We have delivered strong growth in the first half, in a challenging execution environment, reflecting our
ability to win new business and good demand in our target end markets. We have secured a record order
intake, with more customer wins and continue to expand our pipeline of new business opportunities, many
on long term programmes.
Our order book fully covers the increased revenue expected in the second half. This, coupled with pricing
actions to recover inflation and further benefits from our self-help programme, means our outlook for the
full year is unchanged. While conscious of the wider macro environment, we are well positioned to deliver
an improved margin and cash performance in the second half, and further growth in 2023.”
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