TT Electronics – “Update on 2024 Final Results” announcement is actually also a 2025 profit warning!…

An “Update on 2024 Final Results” announcement from engineered electronics company TT Electronics (TTG) “confirms that subject to the conclusion of the audit: Adjusted operating profit is expected to be in line with prior guidance. Free cash flow generation has been strong and therefore year-end leverage is within our target range of 1-2x”. So what of a current approaching 8% lower share price response to 77.4p?

TT Electronics (#TTG) – notes likely accounting impairment and short results delay “due to additional time required to complete the audit”

TT Electronics – possible offer proposals, but rejected and currently “no ongoing discussions”

I was previously positive on shares in engineered electronics company TT Electronics (TTG) but changed stance in May and most recently noted yesterday that it ‘expects full-year “at the lower end of… previously stated range”, but that’s a range already lowered less than two months ago’! Now “possible offer” news.

TT Electronics – expects full-year “at the lower end of… previously stated range”, but that’s a range already lowered less than two months ago

Engineered electronics company TT Electronics (TTG) has issued a “trading update” including noting order intake up 2% and “leverage guidance is unchanged and is expected to be around or marginally above the top end of our stated target range of 1-2x”. So what about a share price still comfortably below 80p, comparing to approaching 170p as recently as in August?

TT Electronics (#TTG) – “expects FY24 adjusted operating profit to be at the lower end of our previously stated range of £37m-42m”

TT Electronics – we having stated doubts on de-stocking being expected to normalise during H2, now a material profit warning…

Most recently on engineered electronics company TT Electronics (TTG) in May with the shares at 159.5p to sell, though it stated its “expectations for the year remain unchanged”, we stated doubts on that with it with de-stocking “now expected to normalise during H2” and resultantly to take profits and sell. The shares most recently closed at 142p and now a “Trading Update”.

TT Electronics (#TTG) – profit warning, FY adj. operating profit “now expected to be in the range £37 million to £42 million”

TT Electronics – AGM trading update, full year outlook unchanged BUT

Engineered electronics company TT Electronics (TTG) has issued an AGM trading update headlined “Full year outlook unchanged, on track for 10% operating margin target”, BUT

TT Electronics (#TTG) – cost actions as de-stocking has continued “and is now expected to normalise during H2”

TT Electronics – 2023 results, a value and income Buy

‘Engineered electronics for performance critical applications’ company TT Electronics (TTG) has announced its results for the 2023 calendar year headlined “Strong profit growth, margin enhancement and cash generation” and outlook confidence based on its order book, current end-market activity and operational improvement initiatives that are underway. The shares are currently up to around 150p in response, but there looks more upside ahead.

TT Electronics (#TTG) – agreement to sell manufacturing services and certain connectivity products business units for £20.8m

TT Electronics – interims, a continuing strong trading momentum Buy

‘Provider of engineered electronics for performance critical applications’ TT Electronics (TTG) has announced results for the first half of the 2023 calendar year, emphasising “strong organic growth in revenue and profit” and “continued strong momentum”. What of a share price currently responding up above 155p?

TT Electronics – a recovery BUY

Shares in ‘engineered electronics for performance critical applications’ company TT Electronics (TTG) were above 200p as recently as April, but are now available at a 153p offer price. Following an AGM trading update in May and with half year results scheduled for 3rd August, we now consider the shares a recovery Buy.

TT Electronics (#TTG) – argues “encouraging” revenue growth, remains focused on delivering strong profit growth

TT Electronics (#TTG) – expects 2022 adj. PBT “at or around the top end of the range of analyst consensus expectations”

TT Electronics (#TTG) – trading and order intake have started the year well

TT Electronics (#TTG) – £9m acquisition of power and control business of Ferranti Technologies

TT Electronics (#TTG) – notes despite “significant cost headwinds” expects FY adj. Op profit “circa £35m”

TT Electronics – interims emphasise strong “order book visibility”, what about valuation?...

Engineered electronics company TT Electronics (TTG) has announced results for the first half of 2021, emphasising “expected revenues for 2021 fully covered and order book visibility for 2022 is building nicely and ahead of where it would normally be at this stage of the year”. What of the valuation, with the shares currently up to 277p in response?...

TT Electronics – full-year results, still on the covid bandwagon?

Previously writing on ‘engineered electronics’ company TT Electronics (TTG), in November with the shares at 223p I questioned where now on the covid bandwagon?, concluding the valuation still looked more than high enough at that juncture. What now following 2020 results?...