focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Lets get to the RBC target of 200p
Then move towards the Barclays target f 220p
and then approach the Deutche target of 230p
All doable IMO
Pretty strong forward progress
IMO
new target 200p
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
or 137.50p average forecast
hard to choose between them?
https://www.tipranks.com/stocks/gb:just/forecast
half-year results not bad considering the current market-place
IMO
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
WildTiger - Am in TTG heavily and just bought more @ 182p
May take some time to get to my target 270p
187.716-191.95
· Revenue up 10% on a constant currency basis, 8% on an organic basis, reflects our successful positioning in structural growth markets and new project wins
· Book to bill of 144% and record order intake, with 23 new significant contract wins in the half delivering over £60m of multi-year revenues.
· Order book more than double pre-pandemic levels and up 55% vs. prior year
· Adjusted operating profit up 5% at constant currency
· Pricing action offsetting inflationary pressures
· Investment in inventory to support increased customer demand, extended material lead times and shipment delays impacting cash flow and leverage, as anticipated
· Statutory operating profit down 4% at £8.9m, statutory basic EPS of 2.3p
· Interim dividend increased 11% to 2.0p per share reflecting confidence in full year outlook and future prospects
Results for the half-year ended 30 June 2022
188.78-195.02