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Friday newspaper share tips: Cobham, Carillion

Fri, 04th Mar 2016 15:52

(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. Carillion has the dubious distinction of being the most shorted stock on the London market, with many US hedge funds betting the company is too strapped for cash to meet its day-to-day needs and lacks funds to initiate new service contracts.They are hoping for a replay of the collapse in Balfour Beatty, Tempus explained.Nevertheless, the company's Middle East construction business is stable despite the downturn in oil and at 5.8% margins in the support services division are "satisfactory enough".The workload, both in hand and in future is strong too, the tipster told readers.There was also a pick-up in the second half following the general election induced hiccup.It also offers among the highest dividend yields in the sector, now at 6.6%, and the pay-out is well covered.Markets anticipate a bounce in 2017 as new work comes through."Unless you believe that disaster is looming on the balance sheet, the yield means that you are being paid to await that upturn.""Buy long-term", Tempus recommended.

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5 Jan 2017 12:38

Thursday broker round-up

(ShareCast News) - Royal Dutch Shell B: UBS reiterates buy with a target price of 2500p. Aviva: JP Morgan reiterates overweight, 553p target. B&M European: HSBC reiterates buy with a 350p target. Breedon: Berenberg reiterates buy with a 85p target. Cobham: JP Morgan keeps at neutral with a 175p t

23 Nov 2016 16:00

Sector movers: Meggitt, Cobham lift defence stocks

(ShareCast News) - Price gains for some key steel-making ingredients such as iron ore and thermal coal as well as in Chinese rebar futures kept pushing shares in Evraz and many of the main mining groups higher. Overnight, spot iron ore prices at Tianjin advanced from $69.0 a tonne to $71.5 a tonne,

23 Nov 2016 14:29

Wednesday broker round-up

(ShareCast News) - Anglo American: UBS reiterates neutral with a target price of 950p. Lloyds: Macquarie reiterates outperform with a 65p target. Intertek: Barclays stays at equal-weight with a 3700p target. Barclays: HSBC reiterates buy with a 190p target. Homeserve: UBS maintains neutral with a

22 Nov 2016 07:51

Cobham Chairman Devaney To Leave, Wareing To Take Over

22 Nov 2016 07:23

Cobham to replace chairman in management shake-up

LONDON, Nov 22 (Reuters) - Britain's Cobham said chairman John Devaney would be replaced by senior independent director Michael Wareing in January, amid management change at the aerospace and defence company after two profit warnings. Cobham's new CEO David Lockwood will start in December a

11 Nov 2016 17:46

Directors dealings: BAE Systems director takes profits

(ShareCast News) - BAE Systems's group director for business development took advantage of a two-day spike in the shares of the aerospace and defence engineer to take some profits. On 10 November, Alan Garwood sold 33,000 shares at an individual price of 605p each, walking off with £199,650. Betwee

11 Nov 2016 15:59

Cobham Confirms New Chief Executive To Start On December 12

31 Oct 2016 16:55

Britain's FTSE slips, though posts fifth straight month of gains

* FTSE 100 down 0.6 pct * Longest monthly run of advances since 2013 * WPP jumps after update * Shire and Next fall ahead of earnings (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livema

31 Oct 2016 10:28

Britain's FTSE slips, though on track for fifth straight month of gains

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE 100 down 0.4 pct * Set for fifth month of straight gains * WPP jumps after update By Kit Rees LONDON, Oct 31 (

31 Oct 2016 09:39

BROKER RATINGS SUMMARY: HSBC Raises IAG To Hold From Reduce

28 Oct 2016 15:04

UK Dividends Calendar - Next 7 Days

25 Oct 2016 15:12

GRAPHIC-Downgrades, profit warnings ring Brexit alarms for UK mid-caps

* FTSE 250 vs FTSE 100: http://reut.rs/2eCvwk9 * Profit warnings spark broker downgrades * Earnings disappointments lead to outsized moves * Senior, Cobham, Laird among midcaps warning on profits By Kit Rees LONDON, Oct 25 (Reuters) - A spate of profit warnings among

25 Oct 2016 10:10

Tuesday broker round-up

(ShareCast News) - Segro: Barclays keeps at overweight with a target price of 520p. Howden Joinery: Berenberg downgrades to hold, 450p target. Standard Chartered: Deutsche Bank reiterates sell with a 574p target. Cobham: UBS reiterates neutral with a 160p target. Cobham: Barclays reiterates equal

24 Oct 2016 10:57

LONDON MARKET MIDDAY: Stocks Lose Gains As Iraq Complicates OPEC Deal

24 Oct 2016 10:00

UPDATE 2-British defence group Cobham cuts profit forecast again

* 2016 trading profit could be 12 pct lower than consensus * Affected by weak demand for electronics products * Shares fall 17 pct (Adds CFO comment, analyst comment, share price,) By Sarah Young LONDON, Oct 24 (Reuters) - British aerospace and defence company Cobham cut

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Friday newspaper share tips: Cobham, Carillion

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