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I've just sold my TT and taken advantage of knee jerk dip in Volex to swap assets. Dead happy for this stepping stone so now in Volex . Whatever suits your investment strategy. Just thought the uptick here and the massive overreaction in Volex was an offer too good to miss. Selling at 109 and buying into Vlx at 300 was too good an offer....

Wait till this info surfaces Stateside later. Could light a counter offer.

TT is the perfect win-win for both Volex and TT if an agreement can be reached at a fair price. Volex is superbly run and managed. TT is in strong recovery mode but at an MCap nadir. The intrinsic value of TT is huge and Volex has the ability to milk millions from incorporating it into its structure - perfect fit for the economies of scale imo. Excellent as it keeps the UK base otherwise TT will go to US suitor.

Volex announced that it has made two takeover approaches for TT Electronics, both of which were rejected with TT's board allegedly refusing to engage. The first approach valued each TT share at 129.0p, and the second valued them at 135.5p. Also Friday, Volex reported half-year results. Revenue jumped 30% on-year to USD518.2 million, and pretax profit increased 21% to USD26.5 million. Volex also lifted its interim dividend by 7.1% to 1.5p. It said comparatives are tougher so far in the second half, but trading early in the period has been encouraging, and that it is confident full-year expectations will be met

Hope at least some of you DYR..... :)))

Look at the Volex results today and the traction they have - it is the perfect company to solve all TT issues and drive the business forward. The bid will have to be increased as other predators show their hands but cash plus Volex is a good initial Salvo. Great news and highly predictable as I have continually voiced....just too darned cheap for a company on verge of very strong recovery. Volex can really accelerate TT.... super. Sit and watch developments...no rush here.

Multiple predators must want TT and £1.60 is a fair price - keep trying Volex. An all cash offer might win the prize.

Bid was inevitable and my comment on Weds of £1 by Friday.....spot on.

Totally agree on all counts.

RBC cuts from 200 to 160 but that's still 100%+ upside from here. Bidders???

T/U needs time to be assimilated and assessed before positions start to be taken and analysts dig into it. That doesn't preclude a chance bid out of the blue by an entrepreneurial CEO from elsewhere.

This t/u indicating that recovery is on course for 2025 with strong rebound and acceleration into 2026 may just be the trigger that precipitates a reaction. There must be multiple interest focused on TT at this level.....waiting for this t/u confirmation and highlighting opportunistic window ???

At least the analysts will be all over this come end 2024 heralding a 'decent' recovery and return for 2025 on...

Logically TT would be best assimilated by a US equity group or company. Trumps election sends a strong America First message which will underline recovery in the Stateside businesses whilst global spread gives access to non-dollar exposure as the RoW demand rebounds. Strong fundamentals make it an interesting play at this nadir?? for recovery alone or as an assimilated entity. Let's see what happens and if Blackrocks reduction has found a 5% home. Director buying would certainly reinforce the perceived outlook for 2025.

Outlook improving as destocking issues resolving and US hurdles being overcome. This is a really vulnerable quarter for TT as all the hard work has been funded and the horizon is improving. Q1 will confirm the swing but predatory interest may capitalise on the value here as has happened to numerous UK fundamentally sound businesses.

Trump effect should certainly help orders as it has removed uncertainty going forward. I would hope it has given greater visibility for 2025 and cemented the Q1 orders alluded to in last t/u. Q4 has already been factored in by the fall to current MCap - 2025 should see a big positive rerate which could be accelerated by a positive update on Thursday.

£1 by Friday??

.....first to get in after the t/u if it surprises to the upside?

Be good to see this update as it should confirm orders falling into yr2025 and update on positive US progress.

American arm of TT is the only one that people are focusing on and the Trump election just gave it a huge commercial boost as the bottleneck of orders should now be reassured and flow. The RoW operations were all on target. Soon as Blackrock stop reducing this should rebound. Either way it's a sitting duck for a US predator given the America First scenario with a foot in the door.