TT ELECTRONICS Looks Primed For Recovery.

Im recommending TT Electronics after having this stock on my watch list for the last few months and have to say it really as a solid management, and a management that backs the company up with solid Director Buying. It’s a business that is in the early stages of recovery after the Bear market and Worldwide recession of the last three years.

What Does It Do?

The company has four main divisions, Automotive, Telecolm and Computer, General Industrial division, and Electrical Division.

Automotive is by far the biggest division and - represents 63 per cent of the electronic sector turnover. It designs and produces amongst other things a range of sensor and system technologies, and also produces a range of resistor and trimmer components. These products are sold worldwide.

Telecom and Computer markets - represent 15 per cent of the electronic sector turnover. The group produces magnets and resistors for mobile products including phones, and as set up a new manufacturing base in Southern china where new products are being designed for the mobile market.

Industrial market - represents 22 per cent of the electronic sector turnover .
In this division additional technical sales and engineering resources have been focused on the more diverse markets of aerospace, defence, medical and control instrumentation. A number of new programmes have been won in all these market areas.

Electrical sector which comprises of two divisions.
Power generation - represents 29 per cent of the electrical sector turnover
Here the company produces power generators mainly for the Chinese market and enviromental connectors for the North African market.

Power transmission - represents 71 per cent of the electrical sector turnover.
Specialist cables for naval vessels and wind farms are produced in this division, and interest is from a worldwide audience.


Latest results.

Interim Results for the half year ended 30 June 2003.

TT electronics, a world leader in resistor and sensor technology today announces its interim results.

KEY POINTS •
Group turnover on continuing activities grew by 4 per cent to 270.4 million (2002: 261.2 million).
•Profit before tax, goodwill amortisation and exceptional items was 9.1 million (2002: 11.3 million). •The interim dividend is maintained at 3.69p per share.
•Operations continue to generate cash and gearing remains low at 27 per cent.
•Sales to the automotive market grew by 11 per cent including a contribution from our French subsidiary acquired in March 2003. •
The strength of the balance sheet positions the group to finance both acquisition opportunities and future growth.
•Neil Rodgers has been appointed to the Board ahead of the retirement of Sheridan Comonte in April 2004.

John Newman, Executive Chairman said today: 'The results we have announced today reflect the strength of our automotive operations while some of our other markets continue to experience weakness. We have continued to implement measures to ensure our resources are aligned to likely future demand. As one of the world's leading producers of customer specific resistive products, we believe that we are well placed to benefit when markets recover. The 11 per cent increase in sales to the automotive market in the face of declining vehicle production underlines the inherent strength of our technologies. TT electronics continues successfully to design high quality new products to satisfy the needs of manufacturers who are committed to increasing the electronic content of motor vehicles. The automotive sensors and systems businesses remain on track to achieve internal forecasts of 25 per cent sales growth between 2002 and 2005.


Recent Developments.

TT as acquired US electronic sensor company Optek Technology for $51.3 million (30.2 million).
About 40% of Optek's sales are of Hall Effect sensors for the automotive market, which are already big business for TT in Europe where it sells somewhat more sophisticated versions.
The acquisition should increase the company's US turnover to about $70 million up towards its target of $100million and provide sales synergies.
Optek managed sales worth 40.4 million in the year to the end of January 2003 and produced profits before tax interest and goodwill charges of 2.4 million.
TT is buying the business in a debt free state and will pay cash.

One great advantage of the acquisition is that the acquisition of Optek will introduce fibre optics to TT electronics' range of technologies. Optek's fibre optic products include transmitters, receivers and transceivers which interface with the terminated end of a fibre optic cable. They are used to convert the light signal travelling through the fibre optic cable to an electrical signal which can be interpreted by a microprocessor. Applications include local area networks, fibre-to-the-desk, industrial data links and storage area networks.. Optek has also developed a 'Plastic Fibre Optic Transceiver' (PFOT) which can be used for fibre optic cable connections in entertainment systems of luxury vehicles. Optek believes that PFOT applications are likely to grow significantly. In particular, the replacement of copper wiring harnesses in vehicles with fibre optic cable significantly reduces weight and is therefore potentially highly attractive for the automotive industry.

Commenting on the acquisition, John Newman, Executive Chairman of TT electronics said 'I am delighted that after an extensive search we have identified an acquisition which both creates clear business synergies and satisfies our financial criteria. The acquisition of Optek will significantly expand our sensor activities in terms of technology, customer base and product range as well as increasing our low cost manufacturing capacity. The acquisition of Optek will enhance TT electronics' earnings per share in the coming year.

Director Share Buying.

Executive chairman J B Newman purchased 100, 000 shares at 124.2p on the 5th of December and director N A Rodgers purchased 10,000 shares at 122p also on the 5th of December, the directors backing the company on its way forward.

The Way Forward.

Executive chairman John Newman told Financial Specialists Citywire, tough conditions over the last few years have moved the acquisitions market in TT's favour as they have injected more realism into the expectations of vendors. He said: 'Times have changed. A few years ago people's aspirations were too high. Now they're more realistic.' following restructuring at Optek, which moved manufacturing to a low cost facility in Mexico, TT is buying the business in far better shape than it was a year ago. He believes Optek is capable of making net margins closer to TT's usual 10%.

Shareholders can also take heart from the fact that trading is at last showing signs of improvement.
Newman said: 'I'm now saying there is an upturn in orders and I think it is sustainable.

The company claims that more than one in two cars made in Europe and North America contain at least one of its products boosted by the move from luxury to volume cars. TT expects growth rates of auto electronics to be well over 6% per year boosted by the new acquisition and this to continue for at least the next 5 years.

Newman's comments about trading are also most encouraging as until recently he was sceptical about any signs that business had picked up. The shares trade on a p/e circa of 13.5 and yield a massive 8.2%.

I look upon this as a long term investment and feel that when the Telecolm division picks up and there are signs Globaly that this is happening in the telecolms Industry, that this will turn out to be a good investment.

Cheers Goldfinger.

Please DYOR, and remember you are responsible for your own buying and selling actions.

The short term chart.



cheers gf.

The longer term 3 year chart.



cheers gf.

GF,

Don't TT manufacture for Motion Media?

Not sure Andy, they just about manufacture for everyone in the world.

cheers GF.

GF,

This comes from the Motion Media results 2002;
-----------------------------------------------------
MANUFACTURING
Through TT Electronics Manufacturing Services Ltd in the UK, formerly AB Electronic Assemblies Ltd, we have established a fully turnkey relationship that has borne fruit through the production of high quality products, notably the mm745.

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

Source : http://www.motion-media.com/html/about/pressoffice/news/2003/030325.htm

Thanks for that andy. yup looks like they just about sell products to everyone.

cheers GF.

Directors backing the company with buying.

TT bosses celebrate buy with buys

By Graeme Davies, Companies Correspondent
Email to a friend

Two top directors have shown their faith in Citywire tip TT Electronics following its acquisition of an American electronic sensor company on Friday.

Executive chairman John Newman spent 124,200 on Friday to add 100,000 shares to his holding at 124.2p per share. However this is barely a drop in the ocean compared with his total holding of 16.2 million shares or 10.5% of the 193 million company (TTG).


Joining Newman was Neil Rodgers, the chief executive-elect who joined the board in September. Rodgers, who was previously a divisional chief executive, spent a more modest 12,200 for his first 10,000 shares at 122p each. Rodgers will replace chief executive Sheridan Comonte in April.


Shares in TT have risen 1.5p to 126.5p today in response to the confidence shown by the top brass. Earlier this year it dipped as low as 80p but has since bounced to 139p. Citywire tipped it more than a year ago at 116p and reiterated the advice at 96p in January.


A prime reason for Citywire's confidence was the healthy dividend yield, which stands at 8% and although it is not covered by earnings Newman told Citywire on Friday the board intends to honour it.


Concern was raised that the 30 million TT spent on US electronic sensor company Optek Technology would eat into the funds available for dividend payments. Newman said: It is not changing our thinking on our dividend payment.'


Hopefully for TT investors trading will start to improve to complement the extra revenue brought in by Optek and on Friday Newman told Citywire: 'I'm now saying there is an upturn in orders and I think it is sustainable.' Last year Optek made sales of 40.4 million in the year to the end of January 2003 and a profit of 2.4 million.

cheers GF.

Forgot to mention this one has a 24% holding in listed Pressac the mobile phone and fuel cell parts producer. Could we be looking at a take over and further growth when the telecolms markets recovery really gets under way?.

cheers GF.

Tip Update: TT expands as prospects improve

Published: 10:40 Fri 11 Dec 2003

By Algernon Craig Hall, Secret Buying Correspondent

Email to a friend |

TT Electronics has unveiled a 30 million US acquisition but assures that this will not influence its next dividend payment.

Executive chairman John Newman told Citywire tough conditions over the last few years have moved the acquisitions market in TT's favour as they have injected more realism into the expectations of vendors. He said: 'Times have changed. A few years ago people's aspirations were too high. Now they're more realistic.'


TT is acquiring US electronic sensor company Optek Technology for $51.3 million (30.2 million).


About 40% of Optek's sales are of Hall Effect sensors for the automotive market, which are already big business for TT in Europe where it sells somewhat more sophisticated versions.


The acquisition should increase the company's US turnover to about $70 million up towards its target of $100million and provide sales synergies.


Optek managed sales worth 40.4 million in the year to the end of January 2003 and produced profits before tax interest and goodwill charges of 2.4 million.


However Newman said following restructuring at Optek, which moved manufacturing to a low cost facility in Mexico, TT is buying the business in far better shape than it was a year ago. He believes Optek is capable of making net margins closer to TT's usual 10%.


TT is buying the business in a debt free state and will pay cash.


A key short term concern for shareholders is whether the cost of the acquisition could cause a reduction in the company's thinly cover dividend payment. The message from Newman appears to be that shareholders have little to fear on this front.


Newman said: 'It is not changing our thinking on our dividend payment.'


Shareholders can also take heart from the fact that trading is at last showing signs of improvement.
Newman said: 'I'm now saying there is an upturn in orders and I think it is sustainable.'


Citywire Verdict: This looks like a good acquisition for TT especially if the operational improvements at the business show through as expected.


Newman's comments about trading are also most encouraging as until recently he was sceptical about any signs that business had picked up.


The shares are up 2p today to 132.5p. At that price they are valued at 13.7 times existing forecasts for this year and are set to yield a mighty 8.2%.


Citywire tipped TT a little more than a year ago at 116p and again in January at 96p. Trading prospects now look better and payment of the enticing dividend looks highly likely. The stock is well worth holding on to at this price.

cheers GF.

Up another 3p today and going great guns.

cheers GF.

6 days up on the trot?, another 3p today so far.

cheers GF.

And up again 1p only but everthing else has been falling.

cheers GF.

Well a good day for this one and some heavy tipping over christmas.

cheers GF.

Broken into blue sky now and into a gap. 179p next resistance level to take out.

cheers GF.

Another one with strong TA formation.



Has risen 79% since the bottom on 25 Mar 2003 at 80.00. Has broken through the ceiling of a falling trend channel. This indicates a slower falling rate initially, or the start of a more horizontal development. RSI is overbought. The stock can still rise further, and we should see a decreasing RSI before this is used as a negative signal. The stock has broken up through the resistance at p 140. This predicts a further rise. In case of negative reactions, there will now be support at p 140.


Period Vol.bal. Volatility Liquidity +/- %
1 day - 1.13% 20.02 +1.06%
5 days -7.21 4.36% 13.00 +5.90%
22 days -39.03 13.32% 59.09 +24.24%
66 days 5.02 30.28% 40.60 +8.71%

cheers GF.

Up 5.5p today and going for the next resistance point of 179p.

cheers Gf.

Going great guns again this morning. Once through 179p look out for 250p fairly quickly.

cheers GF.

TT electronics PLC
12 January 2004


TT electronics plc
Trading update

The Board of TT electronics plc is confident that trading during 2003 has been
in line with current City expectations.

The reorganisation of the magnetics businesses referred to in the Interim Report
in September 2003 has now been substantially completed.

Optek Technology Inc, which was acquired in December, has significantly expanded
our sensor activities in the USA and has introduced new markets and technologies
to the group. This acquisition is now being integrated into the group's
operating and reporting structure and will benefit the group's earnings per
share in 2004.

The trading outlook is more encouraging than at the same time last year. TT
electronics enters 2004 with a broader customer base and an increased product
range. Currently demand for our automotive products remains strong and our
overall order intake for sensors and electronic systems continues to grow. The
markets for electronic components are now showing signs of improvement which we
anticipate will increase future demand for our products.

In the absence of a significant unforeseen event, the Board intends to recommend
a final dividend for 2003 at the same level as for 2002.
Enquiries:

TT electronics plc
John W Newman, Executive Chairman Tel: 01932 856 647

Biddicks
Zoe Biddick Tel: 020 7448 1000



This information is provided by RNS
The company news service from the London Stock Exchange

TT benefits from rising automotive demand

Published: 12:16 Mon 12 Jan 2004
By Algernon Craig Hall, Secret Buying Correspondent
Email to a friend

TT Electronics reiterated the positive trading comments it made in November in a trading update today.

Chairman John Newman, who up until November avoided stoking shareholders' recovery hopes now expects TT (TTG) to benefit from trading improvements.


The group's automotive electronics business continues to benefit from manufacturers' enthusiasm for high-end electronics as a way of securing sales in what many expect to be tough 2004 markets.


Demand for automotive products remains strong and order intake for sensor and electronic systems continues to grow. In addition TT says the markets for electronic components in general show signs of improvement.


In November TT bolstered its range of automotive sensors and its US penetration with the 30.2 million acquisition of Optek Technology. The acquisition is expected to enhance earnings in 2004.


The group should also benefit from the reorganisation of its magnetics businesses, which is now substantially complete.


The board intends to maintain the final dividend, which will mean a fat 10.1p payment for the year.


Citywire Verdict:


Citywire tipped TT on the back of a downbeat trading update this time last year that took the shares down to 96p. We had recommended the shares as a good dividend play with recovery prospects at 116p in November.


Thankfully today's trading news has taken the shares in the opposite direction to last year's update. The shares are up 5.5p to 154.5p.


Readers who followed our original tip should continue to benefit from the shares massive dividend yield and could well be in for capital growth should improved conditions in TT's markets persist.
today's price the shares are set to yield an impressive 6.5% and are valued at 16.4 times forecast earnings for TT's recently completed financial year and 12.9 times expectations for the current year. The stock is worth sticking with and could receive a boost when the full year results are published.ENDS.

Well worth buying in my opinion.

cheers GF.

Up another 5.5p and looking strong.

cheers GF.

Up another 5p again today. 179p now in touching distance. Once through that we could go to 200p quick time.

cheers GF.

Could you post a chart for this thread GF?

As requested.



cheers GF.

This one dropped 6p today but I see on another board a very big buy went in near the closing bell.

cheers GF.

Lopped the top this morning and taken some nice profits. Still in but we are seeing just a little short term weakness.

cheers Gf.

Strong sound results and the way forward looks very positive......

TT electronics PLC
30 March 2004



TT ELECTRONICS PLC REPORTS ON STRONGER SECOND HALF FOR 2003 AND INDICATES
CONFIDENCE FOR 2004.

TT electronics, a World leader in resistor and sensor technology today announces
its preliminary results for the year to 31 December 2003.


KEY POINTS

•Group turnover on continuing activities of 527.5 million (2002: 512.5
million).

•Profit before goodwill amortisation, exceptional items and taxation was
20.0 million (2002: 19.2 million).

•The uplift in the second half saw operating profit before goodwill
amortisation increase by 19 per cent from 10.1 million in the first half to
12.0 million (H2 2002: 9.3 million).

•Sales to the automotive market grew by 12 per cent which was ahead of the
average market growth. The group has received over 350 million new
automotive orders spread over the lives of the product lines.

•The acquisition of Optek Technology for 30.3 million significantly
expanded our sensor activities and will contribute to group profitability in
2004.

•Magnetic businesses now reorganised with exceptional costs of 3.7
million and goodwill of 10.1 million recycled through the profit and loss
account.

•The Board is recommending a maintained final dividend of 6.36p per share
bringing the total for the year to 10.05p (2002: 10.05p).

John Newman, Executive Chairman said today:

'These results reflect both our continuing success within the automotive market
and improved trading conditions.

It is particularly pleasing to report a 12 per cent growth in sales to the
automotive market. We have for some years recognised the potential of this
market. The range of products and technologies we have developed is such that we
estimate that over 60 per cent of all cars produced in Europe and North America
incorporate at least one of our products. We continue to work with our customers
to develop new electronic solutions which improve vehicle fuel efficiency,
safety and comfort.

In recent months we have experienced an improvement in order intake which we
believe will be maintained and as a result now look forward with confidence to
better trading conditions in the current year.'
30 March 2004


Enquiries:
TT electronics plc Tel: 01932 856647
John W Newman, Executive Chairman

Biddicks Tel: 020 7448 1000
Zoe Biddick
Website:
www.ttelectronics.com


cheers GF.

Read a very encouraging article in Engineering Mag. AB Connectors has been overhauled by its MD Harvey Preston introducing lean methods on the shopfloor and buying 2m worth of new CNC machines (each can do the work of 6 people) Even so the staff has increased by 70 to 211 in the past 18 months with a design team of 12 likely to be increased to 20. AB is winning new orders and moving into new market sectors. Turnover is rising quickly. AGM 19 May when they also go Ex Div - Yd 6.11 - Div/Shr 10.05

Strong company, fantastically fat dividend and strong capital growth - 9% increase today, the sky's the limit....Anyone else along for the ride?

Nice movement north recently. Just goes to show patience and Earnings per share will always out a stock in the long run.

More to come.

cheers GF.

Encouraging climb again today after what's been a worrying few days for the SP.

Good strong trading update today. Dividend to be maintained.

I'm still in and hoping for the next leg up. With the dividend behind it this really is a stock to ride for some time to come IMO.

Looks very solid Queen1.

We could be in for a year of solid growth.

cheers GF.

Absolutely goldfinger. Good consolidation today.

Another good day today. 2+ tomorrow I feel...

I've just dipped my toe back in after a 2-year absence. Anyone else still holding?

I am still here - Cant understand the gradual price drop over some weeks - following some good news - but it now seem to have settled. Nice Div pays for trading costs !

The dividend is one good reason for holding, the other, as you say, the recent positive news. Let's see what happens!

price today 155/156.5. let hope this is the bottom.

Some much-needed good news for TTG:

TT electronics today announces that it has secured a contract to supply speed sensors for the Nano, the radically new minicar unveiled in January 2008 by Tata Motors Ltd, one of India's leading car manufacturers.

The sensors will be manufactured by Padmini TT electronics Private Ltd ('Padmini TT'), the joint venture formed in 2006 between TT electronics and Padmini VNA Private Ltd ('Padmini VNA'), in Gurgaon, near Delhi, India. This is one of several ontracts with local vehicle manufacturers and automotive component suppliers recently awarded to this new enterprise.

'We are delighted with this news which further endorses our strategy of investment in India's thriving automotive industry,' said Neil Rodgers, CEO of TT electronics. 'Although relatively modest in value terms, we regard this contract as a major breakthrough with Tata Motors and are very pleased to be part of the revolutionary 'one lakh car' project, which is expected to bring affordable four-wheel transportation to millions of people across the globe.'

The Nano, due to be launched later this year, is a small saloon vehicle with rear-wheel drive powered by an all-aluminium, two cylinder, multi-point fuel injection petrol engine and has been designed specifically to reduce weight and to keep costs to a minimum. This also helps maximise performance whilst delivering greater fuel efficiency; as a result, the car has a low carbon footprint.

Padmini TT operates on an eight acre site in Gurgaon. Products manufactured include engine speed, position, temperature sensors and related modules.
Prototypes of the Tata Nano speed sensor have already been supplied; Padmini TT is now preparing to increase output, in preparation for high-volume vehicle production scheduled for September 2008.

Things look to be on the up for TTG after a tough few months:

TT electronics today announces that it has won new contracts worth $90 million over the next five years for the supply of interconnection systems to the US armed forces for use with mobile radio communication equipment.

The new orders have been won by TT electronics' specialist interconnection systems business which is an established supplier to the defence market and is already supplying NATO approved equipment to the majority of the NATO armed forces, including the MoD.

TT electronics' interconnection systems business operates from a global manufacturing base supplying the defence, aerospace and traction markets. TT electronics' specialist expertise has been a key factor in winning significant contracts including the interconnection systems for all the new rolling stock for the upgrade of the London Underground in preparation for the 2012 Olympic Games.

The market position of the business has recently been enhanced through the acquisition of New Chapel Electronics ('NCE') whose complementary operations will provide greater access to the high margin defence and civil aerospace sectors.

Neil Rodgers, Chief Executive of TT electronics, commented:

'I am very pleased to be able to announce these new orders won against strong competition, which demonstrates the strength of our interconnection systems operations. We have been successful in growing our interconnection systems revenues in the past three years and have successfully targeted highly specialist applications where enhanced added value leads to better margins. We are confident that we will be able to strengthen this position further with the recent acquisition of NCE which extends our reach into specialist, high margin aerospace markets.'

TIME TO SELL

TTG up 7.5% on a day when the markets have tanked - something afoot?

TIME TO BUY 38.5p OLD CARS FOR NEW.

OVER 58p.

over 58p

over 60p

Recent Director buying looks good as well.

over 67p

over 70p

Sub-100p should now be consigned to history:

TT electronics resumed dividends after reporting a first half ahead of management expectations.

The group reported a profit before tax and exceptionals of 9.3m, turning round a previous first-half loss of 3.8m. Revenue from continuing operations increased by 23% to 280.7m, up 27% at constant currency. Headline earnings per share for the six months to June 30 was 4.0p, compared with a 2009 loss of 3.0p.

Dividend payments were restarted with an interim payout of 0.8p. Reported profit before tax was 13.8m, against a previous loss of 14.4m. Disposal of four businesses from the General Industrial division was completed during the period, with net proceeds of 6.5m.

CEO Geraint Anderson said, 'With the majority of restructuring complete we are focused on the continued delivery of operational improvements in customer focus, product innovation and manufacturing to sustain growth over the medium and long term. The increase in the group's revenue and the benefits of the restructuring implemented over the last 18 months have improved operating margins which, together with the continued reduction in the group's net debt, mean that we are able to resume payment of a dividend. The sales momentum that started in the final quarter of 2009 in the majority of our markets has continued in the first half of 2010. The outlook for the second half of the year is positive although some uncertainty remains, particularly around macro-economic conditions.'

Net debt was reduced to 44.6m from the December figure of 56.9m, with a new committed 70m club facility to May 2013 and total available facilities of more than 110m.

Brokers rather bullish with this one.

looks cheap with a forward P/E of just over 13 to 2011.

TT electronics PLC

FORECASTS 2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

KBC Peel Hunt Ltd
16-09-10 BUY 19.00 8.21 2.50 23.50 10.15 3.00

Arbuthnot Securities
03-09-10 NEUT 19.00 8.20 2.40 25.00 10.80 3.00

Charles Stanley Securities
01-09-10 BUY 20.00 8.58 0.80 24.50 10.58 2.60

Evolution Securities Ltd
31-08-10 BUY 19.30 8.30 2.00 23.40 10.10 3.00

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 19.33 8.32 1.92 24.10 10.41 2.90

1 Month Change 1.28 0.58 -0.13 1.00 0.49 0.31
3 Month Change 4.09 1.93 0.92 4.60 2.24 0.90


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % % 25.03%
DPS % % 50.73%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 39.70m 50.51m 54.30m

EBIT 3.80m 22.00m 28.50m

Dividend Yield % 1.36% 2.05%

Dividend Cover x 4.33x 3.59x

PER -51.76x 16.97x 13.57x

PEG f f 0.54f

Net Asset Value PS 45.11p 109.13p 116.32p

Chart analysis from the company Investtech who provide TA to the Banks and big institutions................


Positive Candidate -Long term, Sep 20, 2010 Analysis Explanation

TT ELECTRONICS has broken the rising trend up. This signals an even stronger growth rate. The stock has marginally broken up through the resistance at pence 136. An established break predicts a further rise. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. Volume balance is also positive, which strengthens the trend. The stock is overall assessed as technically positive for the long term.


Period Vol.bal. Volatility Liquidity +/- %
1 day - 2.83% 4.43 +2.48%
5 days 70.42 9.38% 75.36 +2.66%
22 days 49.26 25.96% 98.40 +25.87%
66 days 38.89 58.58% 40.98 +33.41%

Brokers backing it

TT electronics PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Peel Hunt
09-12-10 BUY 21.00 9.07 2.50 24.50 10.58 3.00
Charles Stanley Securities
02-11-10 BUY 20.80 9.03 0.80 25.10 10.90 2.60
Evolution Securities Ltd
31-08-10 BUY 19.30 8.30 2.00 23.40 10.10 3.00

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 20.10 8.68 1.96 24.62 10.65 2.90
1 Month Change 0.00 0.00 0.03 0.01 0.00 0.01
3 Month Change 0.77 0.36 0.04 0.52 0.24 -0.00


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % % 22.61%
DPS % % 48.24%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 39.70m 51.70m 55.13m
EBIT 3.80m 22.00m 28.50m
Dividend Yield % 1.15% 1.70%
Dividend Cover x 4.44x 3.67x
PER -62.29x 19.58x 15.97x
PEG f f 0.71f
Net Asset Value PS 45.11p 112.78p 120.16p

Really good half year results to-day and SP has dropped like a stone. Can anyone help with a sensible reason - at 139p it looks one hell of a buy.

Am still trying to work out the market reaction to results on 15/3. Results excellent: market reaction shares fall 10%. Was the market expecting even more profit? FT says that the shares are on quite a low PER for the sector.

Anyone have any ideas?

Broker Ratings...... Update on the 9th of may.

Date Company Name Broker Rec. Price Old target price New target price Notes

25 Mar 13 TT Electronics PLC Goldman Sachs Neutral 168.63 170.00 180.00 Retains
14 Mar 13 TT Electronics PLC Oriel Securities Buy 168.63 210.00 210.00 10 Jan 13 TT Electronics PLC Numis Buy 168.63 175.00 180.00 Reiterates

SP moved up well today still not xd 3.5p dividend

A buy in this weeks shares - Analysts reckon the stock could roar all the way up to 200p by the end of the year. After a soggy end to 2012 a recovery looks to be underway.

Accelerating Growth, Innovation & Productivity

RNS


RNS Number : 7544H

TT electronics PLC

25 June 2013


TT electronics plc

Accelerating Growth, Innovation & Productivity





TT electronics plc ("TT" or "the Group"), a global provider of performance critical technology solutions to leading manufacturers, issues this statement before hosting an analyst and investor event today.



The Group announced in March that it was evolving its business through the creation of a Sensing and Control ("S&C") business to address increasing market opportunities and accelerate performance. This, together with an associated Operational Improvement Plan, will underpin the delivery of the Group's existing margin targets and enable it to drive further towards sustainable double digit margin performance.



At the meeting later today, we will present the plans being implemented by the S&C business to deliver accelerating growth, innovation and productivity. The presentation will cover the higher growth markets and regions being targeted, as well as key drivers and strategies being executed to increase sales and align the product portfolio with customer requirements. In the area of innovation we will demonstrate how we optimise investment in research and development whilst reducing the time to market. We will show some of the new products being developed within S&C and explain how these are enabling us to improve our position with major customers.



The formation of the S&C business provides a significant opportunity to continuously improve operational efficiency and accelerate productivity, including greater focus on best cost manufacturing operations. Detailed plans for realising this are being formulated, together with financial costs and benefits. We estimate that this Operational Improvement Plan will involve an investment of approximately £30 million to implement over the next 24 months, and that the associated efficiency benefits will be approximately £8 million per annum from the second half of 2015.



A full copy of the presentations made to analysts and investors at the meeting will be available on the TT website (www.ttelectronics.com) today.



Recent trading has been in line with the IMS issued on 9 May 2013, with improving order trends and the cumulative ratio of orders to sales greater than one. There is no change to the Board's expectations of the Group's performance for the year; as previously indicated performance will be more weighted to the second half reflecting sales momentum, product mix and the continuing investment to position the business for growth.

25 Jun Numis 200.00 Buy

Interim Result
20 Aug 13 TT Electronics PLC [TTG]





TT electronics PLC (TTG:LSE) set a new 52-week high during today's trading session when it reached 181.75. Over this period, the share price is up 14.31%.

Half Yearly Report

http://www.moneyam.com/action/news/showArticle?id=4653324

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Still looks good for the future -

A buy in this weeks IC - TT has plenty of costs to strip out and Numis predicts rapid earnings growth. Yet the shares trade on just 12 times 2013 forecast earnings net of cash, dropping to little more than 10 next year.

I'm rather liking this right now, looks like an easy 220p target..

From the CR thread ( I don't hold these );

"fingers xxd 6 Feb'14 - 12:57 - 165225 of 165225 0 0


This 5 yr chart of TTG has 'caught my eye'.
Appears ready to 'breakaway' from the 200.00p level."

No but I do and noticed same thing as fingers. Bought first thing today.

Get yer wallet out doodles and stop being stingy.

lol

@ 220 I'm selling out...

One for the radar again