Cobham £506m rights issue 97% subscribed
17th Jun 2016 07:44
(ShareCast News) - Aerospace and defence firm Cobham said its one-for-two rights issue had been 97.21% subscribed. The 89p-a-share issue announced earlier this month will raise £506.7m to reduce debt. Chief executive officer Bob Murphy said at the time that the issue would put Cobham on a "sound fi
Read moreMonday broker round-up
6th Jun 2016 12:55
(ShareCast News) - Wolseley: JP Morgan reiterates neutral with a target price of 4100p. Cairn Energy: RBC reiterates sector perform with a 250p target. Shire: Jefferies reiterates buy with a target price of 6050p and Exane BNP Paribas stays at outperform. Cobham: JP Morgan keeps at neutral with a
Read moreThursday broker round-up
2nd Jun 2016 16:39
(ShareCast News) - Moneysupermarket.com: Jefferies downgrades to hold with a target price of 312p. Wolseley: Canaccord downgrades to hold with a 4200p target, UBS reiterates buy with a target price of 4300p and Credit Suisse stays at outperform with a 4200p target. Daily Mail: Goldman Sachs reitera
Read moreCobham secures contract with Airbus
2nd Jun 2016 14:27
(ShareCast News) - FTSE 250 aerospace and defence group Cobham has been awarded a contract by Airbus worth several hundred million US dollars over the period. The contract is to supply its new digital RAIMS, Radio and Audio Integrated Management System, for the A320neo aircraft family. Cobham's sa
Read moreCobham looking to raise £506.7m in rights issue
1st Jun 2016 07:54
(ShareCast News) - FTSE 250 defence and aerospace group Cobham is looking to raise £506.7m in a one-for-two underwritten rights issue. The company will issue just under 569.3m shares at 89p per share, which is a 45.4% discount to the closing price on 31 May. The rights issue is fully underwritten b
Read moreSunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham
1st May 2016 18:03
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read moreSector movers: Banks, engineering stocks lead drop
29th Apr 2016 18:46
(ShareCast News) - Banks weighed on the Footsie at the end of the week as Royal Bank of Scotland flagged to investors the risk that the sale and separation of its Williams&Glyn retail and business bank could take at least another two years. That operation was one of the conditions set by regulators
Read moreFTSE 250 movers: Tullow and Weir limit losses
28th Apr 2016 14:50
(ShareCast News) - The FTSE 250 pared earlier losses by Thursday afternoon, as a strong showing from Tullow Oil, Weir and other resources-related groups overcame the effect of ex-dividend day. Stocks going ex-divi on the day included Cobham, Elementis, Tullett Prebon and William Hill. Cobham was a
Read moreDeutsche Bank upgrades Cobham but caution remains
28th Apr 2016 11:31
(ShareCast News) - Deutsche Bank upgraded Cobham to 'hold' from 'sell' after the aerospace and defence group proposed raising £500m from a rights issue in the second quarter. However, while the concern about the company's balance sheet leverage has been eradicated and the shares have falled 40% fall
Read moreWednesday broker round-up
27th Apr 2016 15:32
(ShareCast News) - BP: Barclays reiterates overweight with a 550p target, Credit Suisse keeps at underperform with a target of 330p, Cannacord stays at buy with a 420p target and Exane BNP Paribas reiterates neutral with a target of 350p. Cambian Group: Canaccord downgrades to hold with a 91p target
Read moreCobham tanks as it warns on profit, announces rights issue
26th Apr 2016 07:46
(ShareCast News) - Shares in FTSE 250 aerospace and defence group Cobham tanked after it proposed a £500m rights issue in the second quarter of the year as it reported a big drop in first-quarter trading profit. Profit fell to £15m from £50m in the first quarter of 2015, missing the board's expectat
Read moreBroker tips: Cobham, Atkins, Inchcape
13th Apr 2016 13:30
(ShareCast News) - Aerospace and defence firm Cobham got a boost on Wednesday as Barclays upgraded the stock to 'overweight' from 'equalweight' in light of the recent performance. It noted the stock has significantly de-rated since a small profit warning in the third quarter and lacklustre full year
Read moreCobham boosted by JPMorgan upgrade
13th Apr 2016 10:32
(ShareCast News) - Aerospace and defence firm Cobham got a boost on Wednesday as Barclays upgraded the stock to 'overweight' from 'equalweight' in light of the recent performance. It noted the stock has significantly de-rated since a small profit warning in the third quarter and lacklustre full year
Read moreFriday broker round-up
4th Mar 2016 16:52
(ShareCast News) - Coca-Cola Hbc: HSBC upgrades to neutral with a target price of 1423p. Petrofac: Citigroup downgrades to neutral. Redefine International: JP Morgan upgrades to neutral with a target price of 50p. William Hill: UBS downgrades to sell with a target price of 365p. Euromoney Interna
Read moreFriday newspaper share tips: Cobham, Carillion
4th Mar 2016 15:52
(ShareCast News) - An earnings miss in volatile market conditions is a sure recipe to send your stock price tanking. On 5 November, aerospace and defence engineering group Cobham told shareholders they could expect full-year earnings per share of between 20.1p and 21.7p. In the event, the company d
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