(MGGT) Meggitt
Summary
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| Wed 07:00 | RNS |
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RNS Number : 9893W Meggitt PLC 08 February 2012
MEGGITT PLC
Full Year Results Notification
Meggitt PLC will announce full year results for the year ended 31st December 2011 on Tuesday 6th March 2012.
A meeting for analysts will be held at 09.00am at The Auditorium, Bank of America Merrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ on Tuesday 6th March 2012.
An audio webcast of the presentation will be available following the meeting on Tuesday 6th March 2012. To access the facility please visit the following link:
http://mediaserve.buchanan.uk.com/2012/meggitt160312/registration.asp
For further information please contact:
This information is provided by RNS The company news service from the London Stock Exchange More |
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| Thu 07:00 | RNS |
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RNS Number : 6466W Meggitt PLC 02 February 2012 Meggitt PLC ("the Company")
Total Voting Rights
In conformity with the Disclosure and Transparency Rule 5.6.1, the Company is required to notify the market of the following:
As at 1 February 2012, the Company's capital consists of 778,772,506 ordinary shares each with voting rights. The Company does not hold any shares in treasury.
The above figure of 778,772,506 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, Meggitt PLC under the FSA's Disclosure and Transparency Rules.
Name of contact and telephone number for queries:
MARINA THOMAS Deputy Company Secretary Meggitt PLC 01202 597588
2 February 2012 This information is provided by RNS The company news service from the London Stock Exchange More |
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| 01-02-12 | RNS |
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RNS Number : 5731W Meggitt PLC 01 February 2012 Press information - for immediate release Meggitt PLC Senior management appointment New President for Meggitt Aircraft Braking Systems Haluk (Luke) Durudogan will join Meggitt Aircraft Braking Systems (MABS) on January 31 based at the Meggitt PLC division's Akron, Ohio facility. He succeeds Ken Schwartz who is leaving to pursue private ventures.
Durudogan, a US citizen and Yale University physics graduate, is a highly experienced international business leader with nearly 25 years in aerospace.
From 1980, he spent the first 15 years of his career with McDonnell Douglas on military and civil business in finance, programme management, international sales, technology licensing, strategic alliances, operations management, aircraft leasing and customer support. He worked in the USA, Europe, Asia and the Middle East, where he was based in Saudi Arabia for three years.
After moving to Allied Signal in 1996 as Director of Global Aircraft Leasing Market, he became the company's Vice President of Boeing Programs & Customer Support. A move to Paris saw him assume responsibility for multiple roles as Vice President of Allied Signal's EMEA operations. After working on the Allied Signal and Honeywell integration, he returned to the US as the merged companies' Vice President, Sales & Marketing, Airframe Systems.
He moved to the UK in 2003, spending a year with GKN as Senior Vice President of Sales & marketing, Aerospace Services, before leading a business turnaround as President of APV, a former division of Invensys PLC.
From 2008, he returned to the US, moving into private equity investment before founding Integrity Energy Group, a private venture in renewable energy based in New England.
Meggitt Chief Executive Terry Twigger commented: "Ken Schwartz led our aircraft braking systems division successfully through integration and transformation. He hands over to Luke a world-leading business and a highly skilled MABS team with many exciting growth opportunities ahead of them". ENDS For further information
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 16-01-12 | RNS |
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RNS Number : 5675V Meggitt PLC 16 January 2012 For immediate release 16 January 2012 Meggitt PLC Senior management appointment
New group operations director to underpin growth targets Amir Allahverdi will join Meggitt PLC as Group Operations Director from February 2012. Based at the Bournemouth, UK headquarters, he will be responsible for matching Meggitt's global manufacturing and supply chain capability with the group's long-term growth plans. He will be a member of the Meggitt management board. He will work with Meggitt's aerospace, defence and energy businesses to accelerate the continuous improvement of operations and delivery to customers across the board and to further integrate the group's international supply chains. A US citizen, Mr Allahverdi has 27 years' experience in aerospace. He has spent the past 15 years with Honeywell, initially in New Jersey and Arizona; then in the last five years in Switzerland and then China as a vice president of supply chain operations for Honeywell International. From 1985 to 1996, Mr Allahverdi was based in Massachusetts, working for General Electric companies as they evolved through Martin Marietta and Lockheed Martin. He is a mechanical engineering graduate and holds a master's degree in business administration.
For further information contact:
About Meggitt PLC Headquartered in the United Kingdom, Meggitt PLC is an international group operating in North and South America, Europe and Asia. Known for its specialised extreme environment engineering, Meggitt is a world leader in aerospace, defence and energy. Meggitt employs over 10,000 people at around 40 manufacturing facilities and regional offices worldwide. ENDS This information is provided by RNS The company news service from the London Stock Exchange More |
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Change of heart today (16th Jan):
"UBS has upgraded aerospace, defence and energy market engineer Meggitt from sell to neutral on the back of improving foreign exchange movements and a nascent business jet recovery in North America. The earnings per share forecast for 2012 is raised by 2.4% and for 2013 by 4.5%, translating to a higher target price of 365p (from 330p previously)." nk |
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| 23-11-11 | ||||
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From ADVFN:
"UBS has downgraded Meggitt from neutral to sell after cutting back its earnings forecasts for this year and the next. "Meggitt has also outperformed the European aftermarket stocks by 12% over the last three months and is within 7% of its all time high. Meggitt is on the UBS M&A watch list," the broker said. The target price was cut from 340p to 330p. " nk |
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| 02-08-11 |
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Meggitt sales take-off
Created: 2 August 2011 Written by: Julian Hofmann http://www.investorschronicle.co.uk/Companies/ByEvent/Results/Analysis/article/20110802/3e946924-bcec-11e0-8c38-00144f2af8e8/Meggitt-sales-takeoff.jsp The upswing in the civil aerospace market that started in the middle of 2010 has given a big boost to specialist aerospace parts manufacturer Meggitt. In fact, underlying sales in the first half were up by an eye-catching 13 per cent. Civil aerospace sales grew 18 per cent to £267m on the back of an increase in narrow body jet production by both Boeing and Airbus. That was reflected in original equipment sales that were 27 per cent higher at £89m, compared with 14 per cent growth in the aftermarket for spare parts. Chief executive Terry Twigger said there was an element of re-stocking earlier this year, but the indications are that customers are now ordering parts in response to increased use, which is positive for Meggitt. The defence segment was more robust than expected, with sales rising 6 per cent to £239m. Mr Twigger said this was largely a result of recurring revenues and new contract wins generated by the group's defence training arm. Meanwhile, an increase in oil exploration, stimulated by high prices, meant Meggitt's energy division reported a 37 per cent increase in revenues to £50m. Evolution Securities is keeping its 2011 forecasts unchanged for now to see whether organic growth is sustained in the second half. The broker forecasts full-year pre-tax profits of £303m and EPS of 28.8p (£256m and 27.8p for 2010). MEGGITT (MGGT) ORD PRICE: 378p MARKET VALUE: £2.93bn TOUCH: 377-378p 12-MONTH HIGH: 401p LOW: 256p DIVIDEND YIELD: 2.53% PE RATIO: 16 NET ASSET VALUE: 222p* NET DEBT: 49% Half-year to 30 Jun Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p) 2010 550 66 7.5 2.85 2011 650 112 11.7 3.20 % change +18 +69 +56 +12 Ex-div: 10 Aug Payment: 30 Sep *Includes intangible assets of £2.34bn, or 301p a share Guide to the terms used in IC results tables. More analysis of company results IC VIEW: FairlyPriced A forward PE ratio of 13 suggests Meggitt's growth prospects are already priced into the company's valuation, leaving little scope for outperformance. Fairly priced |
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