Member Info for Adastra

Exactly my point....who do you think is driving this tidying exercise.....

Very convenient book-keeping and year end prelude for circling predators to throw their hats into the ring?

All the stars are lining up for takeover here

European Commission President Ursula von der Leyen says that the 'ReArm Europe' plan will be among the top issues discussed.

The proposal, announced on Monday, is an unprecedented defence package which von der Leyen says could free up a total of €800bn ($860bn; £670bn) in defence expenditure.

The changing nature of European defence requirements plays directly into TT strengths as I've highlighted below. The attraction of TT to players like Siemens and bigger Euro-defence companies has increased markedly.

Everything to help strengthen the UK

Drones and security

TT Electronics has developed power solutions for drones used in security, including tethered drones, thermal imaging, object tracking, and high-powered lighting

Drones can reduce the need for personnel in dangerous locations

Aircraft

TT Electronics has developed power solutions for aircraft, including the ALTITUDE DC, which provides efficient power at high altitudes

TT Electronics has worked with the UK Ministry of Defence and industry partners to develop power solutions for the Tempest combat aircraft

Unmanned systems

TT Electronics has worked on a variety of unmanned systems projects, including ground vehicles and robotic systems

TT Electronics has developed solutions for harsh environments, such as those required for unmanned air vehicles (UAVs)

Looking at this year's results ie to Dec 2025 from latest RNS TT are predicting £40-46m operating profit with its current MCap of just £142m. That's pretty undemanding for a stock operating in high growth areas. Why would this not be eyed as a tasty morsel for all the efficiency plays that could be used by a bigger suitor???

This should be flying regardless.....

TE Connectivity plc (NYSE: TEL) is trading on a 15yr high and would be the perfect suitor for the acquisition of TT.

The fact that TT has a large footprint in Defence and Aerspace (as well as the stable Healthcare sector) makes it a super addition to a bigger player. Government spending around the globe is now feeding into these sectors strongly and can only grow as tensions ramp up. Especially as China Taiwan situation creeps to 2026/27.

growing european and global threats feed directly into tt electronics strengths. tt is a trusted partner to some of the world’s leading manufacturers in the aerospace & defence market. its products provide size, weight and efficiency benefits for applications such as power conversion, actuation and control for mission-critical systems on a broad range of military and commercial platforms globally.

its high reliability applications support a broad range of platforms operating on land, air and sea

from ****pit displays to engine controls and defence systems. tt solutions optimise performance and reliability in the harshest and most demanding conditions. what's not to like here as tensions rise and defence predominates.

TT specialises in aerospace, defence, medical, and industrial giving it a significant footprint overlap for access to increased UK Govt funding. Tempting target.

Especially with the Govt directing extra funding to defence which is one of TTs specialist operations.

Bidders circling, big holders brokering, volume increasing, MCap rising. I don't believe in coincidences.

Increase in size and volume of trades looks to indicate a lot going on behind scenes as expected. Who's going to put their head above the parapet first?

Douglas Bay Capital could well help broker a deal. The instos hold a good % of shares here so there's plenty of upside to be brokered with the right suitors.

My main 3 with overlap, financial clout and economies of scale would be:

Siemens

TE USA

Amphenol

Take your pick..... plus then Volex.

The specific figure of 160 pence per share was not publicly disclosed in official announcements by TT Electronics plc or Volex plc. However, on November 15, 2024, TT Electronics revealed that it had recently received and rejected an all-cash indicative proposal from another party at a significantly higher value than Volex's proposal of 135.5 pence per share. While the exact amount of this higher offer was not specified in the official announcement, subsequent reports and discussions have suggested that the offer was in the range of 160 pence per share.

Wonder who is picking up bundles of 10k a time??

Sure as eggs are eggs the big holders will have grilled the BoD as to who the 160 bidder was and be working behind the scenes around the current impasse.