TT Electronics (TTG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE Small Cap

NULL
   
  • Closing Price Chg:
    -4.00p
  • 52 Week High: NULL
  • 52 Week Low: 73.00p
  • Currency: UK Pounds
  • Shares Issued: 178.05m
  • Volume: 0
  • RiskGrade: 186
  • Beta: 0.03

TT Electronics confident of financial framework after Volex abandons takeover talks

By Iain Gilbert

Date: Friday 13 Dec 2024

LONDON (ShareCast) - (Sharecast News) - Electronic components manufacturer TT Electronics said it continues to have confidence in its medium-term financial framework after Volex backed out of a takeover pursuit of the electronic components group, following a month of speculation that it may make an offer.
Ahead of Friday's put up or shut up deadline, Volex said it does not intend to make an offer. On 15 November, Volex made two proposals to TT's board regarding a possible cash-and-shares offer - the first at the equivalent price of 129.0p and the second at 139.6p, valuing the company at £249.0m - but both were rejected.

TT Electronics said late on Thursday that it expects to run at a 12% operating margin by 2026, which assumes a reasonable recovery in the components market and was underpinned by "good momentum" in its European and Asian businesses, alongside the impact of Project Dynamo.

The London-listed group added that guidance for the year ending 31 December was unchanged.

As of 0950 GMT, TT shares were down 2.48% at 105.32p.











Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TT Electronics Market Data

Currency UK Pounds
Share Price NULL
Closing Price Change -4.00p
% Change 0.00 %
52 Week High NULL
52 Week Low 73.00p
Volume 0
Shares Issued 178.05m
Beta 0.03
RiskGrade 186

TT Electronics Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.36% above the market average90.36% above the market average90.36% above the market average90.36% above the market average90.36% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
40.45% below the market average40.45% below the market average40.45% below the market average40.45% below the market average40.45% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Income
56.61% above the market average56.61% above the market average56.61% above the market average56.61% above the market average56.61% above the market average
87.50% above the sector average87.50% above the sector average87.50% above the sector average87.50% above the sector average87.50% above the sector average
Growth
79.53% below the market average79.53% below the market average79.53% below the market average79.53% below the market average79.53% below the market average
75.76% below the sector average75.76% below the sector average75.76% below the sector average75.76% below the sector average75.76% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 3
Sell 1
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TT Electronics Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Sep-24 11-Apr-24
Paid 15-Oct-24 15-May-24
Amount 2.25p 4.65p

Trades for --2025

Time Volume / Share Price
0 @ 0.000p

TT Electronics Key Personnel

Chair Warren Tucker
CFO Eric Lakin

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