GKN plc is a global engineering company. The Company is engaged in the design, manufacture and service of systems and components for original equipment manufacturers. The Company operates in four segments: GKN Aerospace, GKN Driveline, GKN Powder Metallurgy and GKN Land Systems. The GKN Aerospace segment is a supplier of airframe and engine structures, landing gear, electrical interconnection systems, transparencies and aftermarket services. The GKN Aerospace segment is a supplier of airframe and engine structures, landing gear, electrical interconnection systems, transparencies and aftermarket services. The GKN Powder Metallurgy segment is a manufacturer of sintered components and a producer of metal powder. The GKN Land Systems segment is a supplier of power management products and services. It designs, manufactures and supplies products and services for the agricultural, construction and utility vehicle markets and industrial segments.
  • TickerGKNNF
  • ISINGB0030646508
  • CountryUnited Kingdom

Analysts

Louis AZAIS

Analyse court terme - GKN PLC : Plus haut historique

La tendance est toujours haussière, son niveau d'invalidation est sous 408,90 p. L'objectif est à 549,45 p.Arguments :- Le support est atteint, il cause le rebond.- La résistance est proche.- Les cours font un nouveau plus haut historique, ce qui témoigne de la force de la tendance.- La moyenne mobile, haussière, confirme notre avis.- Le gap sert de support.

Louis AZAIS

Short term view - GKN PLC : All-time-high

The trend is still bullish, the invalidation level is below 408.90 p. The target is at 549.45 p.Arguments :- The support has been reached, it causes the bounce.- The resistance is close.- Prices made a new all-time-high, this confirms the strength of the trend.- The rising moving average confirms our opinion.- The gap acts as a support.

Jeffrey Vonk

Melrose's bid for GKN receives majority shareholders' acceptance and backing of GKN's board.

Melrose Industries has bid for control of narrow-moat GKN, having secured 52% of the voting rights on March 29, 2018. GKN shareholders will receive GBX 81 in cash and 1.49 Melrose shares for each GKN share. After losing the battle for control, the board of GKN no longer classifies Melrose’s offer as unsolicited and recommends shareholders accept the offer. Although we dislike the disproportionate mix of stock (82%) versus cash in the offer, at current share price levels, the deal value implies a...

Jeffrey Vonk

Melrose’s Bid for GKN Receives Majority Shareholders' Acceptance and Backing of the Board of GKN

Melrose Industries has bid for control of narrow-moat GKN, having secured 52% of the voting rights on March 29, 2018. GKN shareholders will receive GBX 81 in cash and 1.49 Melrose shares for each GKN share. After losing the battle for control, the board of GKN no longer classifies Melrose’s offer as unsolicited and recommends shareholders accept the offer. Although we dislike the disproportionate mix of stock (82%) versus cash in the offer, at current share price levels, the deal value implies a...

Louis AZAIS

Analyse moyen terme - GKN PLC : Nouveau plus haut

Le précédent sommet vient d'être franchi, ceci confirme la tendance haussière. Le prochain objectif est à 518,93 p. Le niveau d'invalidation est sous 386,75 p.Arguments :- Les cours font un nouveau plus haut, ce qui témoigne de la force de la tendance.- La moyenne mobile, haussière, confirme notre avis.

Jeffrey Vonk

Melrose's bid for GKN receives majority shareholders' acceptance and backing of GKN's board.

Melrose Industries has bid for control of narrow-moat GKN, having secured 52% of the voting rights on March 29, 2018. GKN shareholders will receive GBX 81 in cash and 1.49 Melrose shares for each GKN share. After losing the battle for control, the board of GKN no longer classifies Melrose’s offer as unsolicited and recommends shareholders accept the offer. Although we dislike the disproportionate mix of stock (82%) versus cash in the offer, at current share price levels, the deal value implies a...

Jeffrey Vonk

Melrose’s Bid for GKN Receives Majority Shareholders' Acceptance and Backing of the Board of GKN

Melrose Industries has bid for control of narrow-moat GKN, having secured 52% of the voting rights on March 29, 2018. GKN shareholders will receive GBX 81 in cash and 1.49 Melrose shares for each GKN share. After losing the battle for control, the board of GKN no longer classifies Melrose’s offer as unsolicited and recommends shareholders accept the offer. Although we dislike the disproportionate mix of stock (82%) versus cash in the offer, at current share price levels, the deal value implies a...

Jeffrey Vonk

Increasing GKN’s FVE due to lower taxation and better driveline sales; shares fairly valued.

We are increasing GKN’s fair value estimate to GBX 450 from GBX 350 per share for the London listed shares having updated our assumptions due higher-than-expected driveline sales in 2018-19, a lower pension deficit, reduced group taxation following U.S. federal taxes changes, and benefits from currency tailwinds. We have also adjusted for the time value of money since our last update. After recent share price gains, following Melrose’s proposal to buy GKN, we believe the shares are fairly value...

Jeffrey Vonk

GKN Rejects Melrose's Offer; Maintaining FVE

GKN shares are up 26% despite the firm having rejected Melrose’s proposal, which included a 24% premium on GKN shares but with a disproportionate mix of stock (80%) versus cash in the offer. GKN’s margins have been under pressure, and Melrose’s proposal letter highlighted the potential for synergies that could bring GKN’s trading margin up to previous levels articulated by GKN’s former management. GKN also confirmed that Anne Stevens, who has been serving as the interim CEO, will become the perm...

Jeffrey Vonk

GKN’s profit warning caused by unmet expectations for efficiency gains and external claims.

Narrow-moat GKN’s third-quarter trading update was brought forward as two nonspecified customer claims, one in the GKN Aerospace division and one in GKN’s Driveline division, resulted in profit charges of GBP 40 million in 2017. Management reduced profit expectations for 2017 to slightly above the 2016 results, down from improvement of around GBP 100 million previously, owing to external claim charges combined with unmet expectations for efficiency gains at what we believe are no-moat segments o...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

GKN plc - Strategy, SWOT and Corporate Finance Report

Summary GKN plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Findings - Detailed information on GKN plc required for business and competitor intelligence needs - A study of the major internal and external factors affecting GKN plc in the form of a SWOT analysis - An in-depth view of the business model of GKN plc including a breakdown and examination of key business segmen...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 04/05/2017

Items 3 - 12: Re-elect the Board. There is insufficient independent representation on the Board. The level of executives on the Board exceeds market practice. The level of gender diversity does not meet ECGS guidelines.Item 15: Approve the Remuneration Policy. With the exception of the reduction in the pension contribution, the changes proposed to the Remuneration Policy worsen the alignment between pay and performance as they increase the size of recruitment awards and remove the sustainability performance period. The changes also do not address the main concerns over variable remuneration wh...

Louis AZAIS

Analyse court terme - GKN PLC : Plus haut historique

La tendance est toujours haussière, son niveau d'invalidation est sous 408,90 p. L'objectif est à 549,45 p.Arguments :- Le support est atteint, il cause le rebond.- La résistance est proche.- Les cours font un nouveau plus haut historique, ce qui témoigne de la force de la tendance.- La moyenne mobile, haussière, confirme notre avis.- Le gap sert de support.

Louis AZAIS

Short term view - GKN PLC : All-time-high

The trend is still bullish, the invalidation level is below 408.90 p. The target is at 549.45 p.Arguments :- The support has been reached, it causes the bounce.- The resistance is close.- Prices made a new all-time-high, this confirms the strength of the trend.- The rising moving average confirms our opinion.- The gap acts as a support.

Louis AZAIS

Analyse moyen terme - GKN PLC : Nouveau plus haut

Le précédent sommet vient d'être franchi, ceci confirme la tendance haussière. Le prochain objectif est à 518,93 p. Le niveau d'invalidation est sous 386,75 p.Arguments :- Les cours font un nouveau plus haut, ce qui témoigne de la force de la tendance.- La moyenne mobile, haussière, confirme notre avis.

Louis AZAIS

Medium term view - GKN PLC : New high

The previous high has been passed, the bullish trend is confirmed. The next target is at 518.93 p. The invalidation level is below 386.75 p.Arguments :- Prices made a new high, this confirms the strength of the trend.- The rising moving average confirms our opinion.

Louis AZAIS

Short term view - GKN PLC : The gap acts as a support.

The trend is still bullish, the invalidation level is below 385.71 p. The target is at 484.12 p.Arguments :- The support has been reached, it causes the bounce.- The major support has been reached, it causes the bounce.- The resistance has been passed.- Prices are breaking above the moving average, it is a sign of strength.- The gap acts as a support.

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