MEGGITT PLC (MGGT) Shares
ABOUT MEGGITT PLC
British engineering company Meggitt plc has a history dating back to 1940 when it was first established by Halifax as a machine tool business.
Originally called Willson Lathes, the company later acquired Meggitt in 1964 and became rebranded as Meggitt Holdings. In 1983 Nigell Morkell and Ken Coates performed a major buy-in of the company together with 3i Group.
Its portfolio was further expanded in 1985 with the purchase of The Negretti & Zambra Group, manufacturers of Industrial and Aerospace Instrumentation.
Following a series of acquisitions in later decades of several aerospace engineering companies, the Group also bought PiezoTech LLC in 2013, which specializes in piezo ceramics and ultrasounds.
Today the Group operates a diversified portfolio including avionics, braking systems, cameras and security, defence systems, electrical power and thermal management, amongst others.
The Group is headquartered in the Bournemouth Airport in Dorset.
OVERVIEW OF MEGGITT PLC
Meggitt plc‘s operations span 16 countries across 5 continents, employing over 12 000 people.
The Group’s three score sectors are Aerospace, with 71 000 aircraft that rely on its components; Defence, with over 80 % of military fighter programmes containing its wheel and brake systems; and Energy, supplying power to 1 billion people.
The Group differentiates itself in these sectors by providing systems and products with high certification requirements in aerospace, defence and selected energy markets.
The Group works to ensure operational excellence with the implementation of the Meggitt Production System (MPS), which employs Lean methodology across all its sites.
The Group’s strategic priorities involve delivering quality products and services to its customers around the world by relying on a high-performance culture, while targeting valuable acquisitions in order to drive growth.
VISION & VALUES OF MEGGITT PLC
Meggitt plc‘s stated vision is to enable customers To Fly, To Power and To Live.
This vision is pillared on its core values of teamwork, integrity and excellence. Teamwork is fostered by building skilled workforces that can deliver products of excellence, while maintaining valuable relationships with the Group’s stakeholders.
Integrity is ensured by providing full-cycle business relationships that allow customers and stakeholders to continuously engage in the process long after delivery. Excellence is provided through detailed production processes to ensure safety, efficiency and cost-effectiveness.
To this end, the Meggitt Production System (MPS) was launched in 2013 in order to drive operational excellence. Through an integrated systems approach, MPS uses Lean Tools and High-Performance Culture (HPC) to deliver a standardised deployment approach across its divisions.
The system is divided into the following three structures: People Systems, which is involved in talent development; Work Systems, which allows for clearly defined daily objectives so that teams remain responsive to non-compliant standards; and Improvement Systems, which encourages teams to share innovation and build on ideas.
MARKET PERFORMANCE OF MEGGITT PLC
Meggitt plc currently trades on the Financial Times Stock Exchange (FTSE), where investors can buy shares under the stock symbol MGGT.
Data from the Group’s 2019 interim financial analysis shows organic revenue growth of 9% reflecting strong trading performance in civil OE and defence. Reported revenues increased by 12% due to organic growth and currency, partly offset by non-core divestments. Underlying operating profit increased by 7% to £ 161 million.
The Group’s interim dividends were up 5% to 5.55p, reflecting continued confidence in its share price. The Group also showed strong progress on its key strategic initiatives.
The Group continued its investment in differentiated technologies with good progress made in priority areas such as thermal systems, optical sensing, fire protection and braking systems.
Factory expansion moved ahead of plan, while two further non-core divestments where completed in order to focus its portfolio, with 75% of revenue placed in attractive growth markets where the Group has a strong competitive position.
This solid performance indicates a valuable buy for investors with healthy dividend yields in the future.
Buy MEGGITT PLC stocks / shares – A Step by Step Guide how to Buy / Purchase MEGGITT PLC Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy MEGGITT PLC Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN MEGGITT PLC STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE MEGGITT PLC STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of MEGGITT PLC stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy MEGGITT PLC stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?