Member Info for peterobert

TT Electronics plc ("TT", "the Group"), a global provider of engineered electronics for performance critical applications, is pleased to announce that it has completed a buy-in of all its UK defined benefit pension liabilities giving an immediate £6 million cash flow benefit.

The Trustee of the TT Electronics Pension Scheme (the "Scheme") has purchased a bulk annuity insurance policy from Legal and General Assurance Society Limited ("L&G"), covering all liabilities required to pay all future defined benefit pensions for the Scheme's circa 5,000 members and any eligible dependants.

The purchase of this insurance policy is the successful culmination of extensive work over the last few years by TT and the Scheme Trustees. The insurance policy has been purchased using existing assets held within the Scheme, without the need for TT to make any additional contributions.

TT will not be required to make any future contributions into the Scheme regarding defined benefit liabilities and the buy-in delivers greater security to the Scheme's members. The Scheme's circa £400 million of liabilities are now matched by the insurance policy, and TT no longer bears any investment, longevity, interest rate or inflation risk in respect of the Scheme.

target 250p

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=zphr.L

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=ttg.L

@ 244.56p

these will recover - as it is an over-reaction

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=thg.L

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=ttg.L

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=thg.L

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=igas.L

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=adt1.L

TT Electronics PLC - Woking, England-headquartered manufacturer of electronic components - Says its revenue growth has "accelerated" in the four months to October, as it expected. Records strong volume growth augmented by pricing and material pass-through costs. Says its order book remains "well above historic levels" across the business and provides excellent visibility for 2023. Expects to report full-year adjusted pretax in line with expectations. "Momentum across the group continues to be strong reflecting our successful positioning in structural growth markets. The team is executing well against the ongoing challenging backdrop, and we continue to expect to deliver margin improvement in the second half. While mindful of the wider macroeconomic backdrop, the continued growth in order book extends our visibility of revenues for 2023," CEO Richard Tyson comments.

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=CMCX.L/

I value your input Mr Picky. Of course my 195p is just a hope, but as a retired Accountant I like the company, and the direction it is going in -is pleasing to me. And I do not think the RBC target is so far fetched.

on track to deliver improved cash generation and a year-end leverage position within our target 1-2x net debt to adjusted EBITDA range.

before Christmas

IMO

The continued strength in our focus end markets, together with our customer positioning, is reflected in the Group's year-to-date organic1 constant currency revenue growth of 18 per cent. Revenue growth has accelerated in the four months to October as expected, with strong volume growth augmented by pricing and material pass through costs.


Our order intake continues to run ahead of our accelerating revenue growth, with book to bill of 106% in the four months to October. Overall, for the year to date, our book to bill is 127%. The order book remains well above historic levels across the business and provides excellent visibility for 2023.

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=ttg.L

*https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=igas.L

some good size buy trades @ 160p today

target 350p