TT Electronics plc (lon:ttg)
TT Electronics – Up 40% On The Day.

TT Electronics plc Financials

ItemCurrent PeriodPrevious Period
Year20202019
Period6 Months6 Months
Revenue£210m£238m
Earnings
Adjusted Earnings
EBITDA
Adjusted EBITDA
Statutory Profit(£5m)£5m
Adjusted Profit
Total Debt
Net Debt£89m£69m

Commentary History
Date Title
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Thu 10 Sep 2020TT Electronics – Up 40% On The Day.
TT Electronics plc Share Price
Grade:The Slate Grade - Shares That Are Of No Great Interest To Me, A Solid Business With No Reason To Expect A Price Change.
Title: TT Electronics – Up 40% On The Day.
Company: TTG - TT Electronics plc
Share Price Then: 261p
Author: Ian Smith
Date: Thu 10 Sep 2020
Comments: TT Electronics have been on a gradual upward trend from around 140p to 250p in 2020 before the COVID price drop, so todays big rise is a recovery of lost value rather than a new high.

The share price went from 190p to 271p on the news of the launch of Virolens a COVID 19 detection device, for which TT is the manufacture and there are initial orders for £2m, which could rise to £280m.

With annual sales of around £400m-£475m TT manufacture electronics for specialist markets rather than retail and COVID hit them less hard, sales down 10%-24% in the months since the start of the 2020.
Probably because of its markets TT is often an essential business, and as it has design and manufacturing facilities in the UK, US, Sweden and Asia restriction have varied.

The group revenue comes from three divisions, Power & Connectivity (29%), Global Manufacturing Solutions (45%) and Sensors and Specialist Components (26%) selling into Medical (24%), Aerospace (23%) and Industrial (42%)

Whilst the company is solid this price rise does have a big risk of being temporary.
Read Count/ID: 158/13180

Buy/No Buy In A Nutshell
NegativesIf Virolens turns out to be less of a success a possible big short term drop.
PositivesVery solid business and a possible big revenue boost from Virolens
Initial Review Price241p
Last Review Price241p
Last Review Date10-Sep-2020
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