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
throughout the World
https://www.ttelectronics.com/about/locations/
Market Cap currently 339 million - not so small eh
Am in for the long haul
Will see 270p and more
IMO
186.71-196.29p
Hoping for 200++ this week
TT electronics is a technology based group with a leading position in sensors and electronic components and a significant presence in electronic manufacturing services and secure power systems in global markets.
https://www.proactiveinvestors.co.uk/LON:TTG/TT-Electronics-PLC
i would expect we will test 200p this week, with results expected on Thursday.
Watch this space!