TT Electronics (TTG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE Small Cap

79.00p
   
  • Change Today:
    -3.40p
  • 52 Week High: 179.00p
  • 52 Week Low: 78.20p
  • Currency: UK Pounds
  • Shares Issued: 177.74m
  • Volume: 708,303
  • Market Cap: £140.41m
  • RiskGrade: 186

TT Electronics to optimise manufacturing following Stadium Group integration

By Duncan Ferris

Date: Monday 28 Jan 2019

LONDON (ShareCast) - (Sharecast News) - TT Electronics on Monday laid out new plans to improve manufacturing following the integration of its Stadium Group PLC acquisition.
The London-listed company said that since it began integrating Stadium Group, which it acquired for an enterprise value of £59.7m in April last year, it has identified opportunities that will require the business to make structural changes to "enhance our collective business operations".

Changes include increased investment in Stadium's Hartlepool site in order to add new production lines, distribution being moved from Reading to Hartlepool and the moving of some production lines from Hartlepool to Dongguan, China, in order to lower manufacturing costs and free up space.

The new plans will increase redundancies among Stadium employees, with TT now looking to reduce the Stadium workforce by 4% as opposed to the originally stated 3%.

A statement from TT Electronics added: "The TT board notes that, whilst the scope of the redundancy programme is now wider than had previously been anticipated, the overall total level of redundancies is still expected to be relatively limited and will have no impact on customer support."

The company also released a trading update, stating that trading up to the end of December "continued to be positive" and in line with plans, before concluding that the year had seen a "very good performance" from across the business, in line with guidance due to "good revenue growth and a strong order book".

TT Electronics' shares were up 2.84% at 202.60p at 1117 GMT.

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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 79.00p
Change Today -3.40p
% Change -4.13 %
52 Week High 179.00p
52 Week Low 78.20p
Volume 708,303
Shares Issued 177.74m
Market Cap £140.41m
RiskGrade 186

TT Electronics Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.18% above the market average99.18% above the market average99.18% above the market average99.18% above the market average99.18% 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
79.75% below the market average79.75% below the market average79.75% below the market average79.75% below the market average79.75% below the market average
67.57% below the sector average67.57% below the sector average67.57% below the sector average67.57% below the sector average67.57% below the sector average
Income
98.93% above the market average98.93% above the market average98.93% above the market average98.93% above the market average98.93% 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
Growth
4.84% below the market average4.84% below the market average4.84% below the market average4.84% below the market average4.84% below the market average
3.03% above the sector average3.03% above the sector average3.03% above the sector average3.03% above the sector average3.03% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 9
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 31-Oct-2024

Time Volume / Share Price
14:16 899 @ 79.95p
14:16 1,121 @ 79.95p
14:16 2,344 @ 79.95p
14:16 2,125 @ 79.95p
14:16 14,015 @ 79.95p

TT Electronics Key Personnel

CFO Mark Hoad
Chair Warren Tucker

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