Am holding onto Shares in Cookson at the moment. Has been a lot of movement in shares anyone holding aswell?? Any predictions or further info???

I've been holding on--ever hopeful of a turn around!

ONE for TEN = consolidation - Don't let that make you think you've backed a Winner.
See RNS as of end of day, following AGM.
I think management should look at the Co Pension funds rather than fiddle with the share density - which changes nothing except it gives Institutions an excuse to sell at what appears to be a "good" price. How often has a consolidation provided long-term "Shareholder Value"?
I don't hold this stock..... it's an Industrial suffering from British Management techniques ( mushroomism) IMHO.

let's pump up the volume

why sudden move up?

Because it just sold its ceramics fibres division to Morgan Crucible for 13.2m. No secret. Its written in today's company RNS.

thanks SF but is there anything more than this I wonder.

Cookson downgraded from hold to sell at Panmure Gordon, target price 11.75p

Cookson is worthless!

j
you any relation to h98?
just wondering. if so, thanks for your appearance on bta.
regards
jkd

What a disaster...from 650p to 13p.

It's on the up for now, after their Rights Issue (DYOR).
Directors bought at 10p and current sp is about 14p - that's a decent short-term gain....but hopefully they willtake a long-term view...we might yet see 10p again - does anyone follow CKSN?
- what are their main revenue streams?

Been in CKSN for years and took up rights. When the world improves so will CKSN. Mainly in steel and heavy industry. They over paid for Forseco sometime ago but the full benefits for this take over are still to come IMO

That truly a disaster and bad performance I ever seen.

BLIMEY just look at this note....dont think Ive ever seen a more BULLISH broker note.......

BROKER CALL Cookson price target ramped up to 500p
22 May, 2009

Goldman Sachs makes a big call on Cookson, ramping up its price target to 500p from 220p and adding it to its conviction buy list. Broker explains: 'In our view, Cookson continues to offer the most attractive risk/reward profile within our coverage universe and offers 170% potential upside to a mid-cycle valuation. With recent data points showing a stabilization in steel and an improvement in electronics markets (85% of Cookson's revenue combined), we believe the company is unlikely to breach its debt covenants at the end of the full year.'........................ENDS

Well im certainly going for it.

And its GOLDMAN SACHS aswell.

Most bullish note ive ever seen from a broker and Ive been in this business since 1979. 500p target and 170 % upside.

Goldman Sachs aswell who are normally very conservative.

More on CKSN...

STOCKS NEWS UK SMALL-Cookson up 8 pct on Goldman upgrade
22 May 2009 - 12:24

11:20GMT 22May2009-Cookson rises 8 pct on Goldman upgrade

---------------------------------------------------------

Shares in Cookson Group rise 8 percent to 239.75 pence as Goldman Sachs lifts its price target to 500 pence from 220 pence and reiterates its conviction 'buy' recommendation on the industrial materials firm.

Goldman says, at the current share price, the stock has moved to discount the possibility of a rights issue and ignores other more likely options which remain available to management in the event that markets deteriorate further.

"With recent data points showing a stabilization in steel and an improvement in electronics markets, 85 percent of Cookson's revenue combined, we believe the company is unlikely to breach its debt covenants at the end of the full year," Goldman says in a note to clients.

Reuters messaging rm://phakamisa.ndzamela.reuters.com@reuters.net

A bit of historic research from the thread....

Midas share tips: Cookson and Salamander Energy
Midas is edited by Joanne Hart
16 March 2008

The Financial Mail on Sunday's respected stock picker takes a look at an engineering company that has undergone a transformation.



Cookson's new focus pays off
Cookson is one of those companies that has been around for a while. The group was founded decades ago and has fought off more than one economic slowdown in its time.

Originally an engineering concern, Cookson was heavily involved in the electronics market in the late Nineties and early part of this century. But it has shifted emphasis in recent years under the direction of chief executive Nick Salmon. He joined the company in 2004 and set about selling non-core businesses to focus on the ceramics market.

These ceramics are not delicate china pieces but industrial materials used in areas such as the production of highquality steel and solar panels. The steel market has been growing at a rate of knots because fast-expanding economies such as China, eastern Europe and Brazil have been building roads, railways and buildings, all of which need copious amounts of the metal.

This growth is set to continue as experts suggest the steel market will expand at between five and six per cent a year for several years to come. Cookson is particularly well placed to benefit. It has a strong presence in Brazil, China, India and Russia, which not only require more steel than the rest of the world but are also upgrading their production methods in such a way that they will require more of Cookson's ceramics in future.

The company is a market leader in its field and a major supplier to most global steel producers. The group is also a key player in the solar panel market. This industry is growing at about 30% a year, it is a high-margin business and Cookson has an 80% share of the ceramics side of the market.

Last year, Cookson announced the acquisition of Foseco, a fellow engineer involved in the steel-making process. This deal is expected to complete within weeks and should boost profits from this year on.

Cookson recently unveiled its results for 2007 with a 17% rise in profits to 170 million and a 30% increase in the total dividend to 13p. Ceramics profits rose 25% to 109m and Salmon said he was confident about prospects in 2008.

In fact, both he and finance director Mike Butterworth bought shares last week, underlining their faith in the business. Their confidence is shared by brokers who know the company well. But the stock has been hit by concerns from more casual observers about Cookson's electronics business and its precious metals division.



The electronics business is largely involved in highly complex products, supplying a range of markets including military, medical and computing. But it also has a consumer electronics side and this may be affected by falling consumer spending. Analysts believe the electronics arm will be sold in the next couple of years.

The precious metals division makes jewellery and other products, including the blanks for coins and medals in the UK and America. One of its customers, for instance, is the US Mint. This business may also see demand slackening if economic activity slows significantly but Cookson has taken pre-emptive steps in both divisions, cutting costs and improving productivity.

Midas verdict: Cookson shares, which were 900p last year, are now trading at 606p. The market has been spooked by memories of Cookson's performance in past downturns but the company has changed significantly since then. Buy.

GREEN SHOOTS.ITS A WINNER.

Found that new note on CKSN Cookson remember a 500p buy recommendation had already been called by Goldman Sachs who had the stock at the very top (yes Nos 1 on their conviction list)and now we have another top broker joining in....

Bank of America Merrill Lynch increases its price target for the industrial materials firm to 400 pence from 270 pence and raises its EPS forecast for 2010 by 6 percent.

The analysts say newsflow is improving, with signs of destocking coming to an end, and they believe the covenant concerns surrounding Cookson are manageable.

"The group has just as much leverage to a recovery as it has to recent weakness, and were organic growth to bounce 10 percent next year there would be 20+ percent upside to our 2010 EPS forecast," they write in a note.
Reuters messaging rm://victoria.bryan.thomsonreuters.com@reuters.net

Re CKSN Cookson.....

Im sure this one is going to push on upwards this coming week after two recent very bullish note from 2 very well respected brokers, lets face it Goldman Sachs and Merrill Lynch are looked upon as the rich mans broker.........

1. BROKER CALL Cookson price target ramped up to 500p
22 May, 2009

Goldman Sachs makes a big call on Cookson, ramping up its price target to 500p from 220p and adding it to its conviction buy list. Broker explains: 'In our view, Cookson continues to offer the most attractive risk/reward profile within our coverage universe and offers 170% potential upside to a mid-cycle valuation. With recent data points showing a stabilization in steel and an improvement in electronics markets (85% of Cookson's revenue combined), we believe the company is unlikely to breach its debt covenants at the end of the full year.'........................

2.

Bank of America Merrill Lynch increases its price target for the industrial materials firm to 400 pence from 270 pence and raises its EPS forecast for 2010 by 6 percent.

The analysts say newsflow is improving, with signs of destocking coming to an end, and they believe the covenant concerns surrounding Cookson are manageable.

"The group has just as much leverage to a recovery as it has to recent weakness, and were organic growth to bounce 10 percent next year there would be 20+ percent upside to our 2010 EPS forecast," they write in a note.
Reuters messaging rm://victoria.bryan.thomsonreuters.com@reuters.net