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Foseco
| Date | Reports available | Download |
|---|---|---|
| Sep 13 2007 |
Portfolio benefits Foseco’s portfolio of businesses across a multitude of geographic territories have again ensured a steady earnings progression. The performance of the core Foundry business again shows it should be rated alongside the best engineering businesses. Research type: Review - Interim results |
Log in to download 8 page note available |
| Jul 02 2007 |
Maintaining momentum Management seems happy to strike a more confident tone in the half-year statement with expectations of strong sales growth for 2007. With this continued sales momentum and exchange rates more stable, we have upgraded our earnings forecasts by nearly 7%. With the raised forecasts and a dip in the share price, Foseco now looks good value compared to peers. Research type: Update - Trading statement |
Log in to download 5 page note available |
| Mar 20 2007 |
Delivering to plan A small knock from currency translation should not detract from what should be another above trend growth year in Foseco’s markets. We expect Foseco to continue to raise the quality of its business with its focus on added value service. This suggests further share gains and more free cash flow, which it may start to use efficiently to buy back shares. Research type: Update - Full year results |
Log in to download 8 page note available |
| Jan 11 2007 |
Pre-close update A consistent mixture of good market growth supported by market share and performance gains in Foundry has been the picture in 2006. In 2007 we see more of the same, with a steady improvement in Steel performance after a period of high investments over the last few years. Research type: Quarterly Update - Trading update |
Log in to download 2 page note available |
| Sep 20 2006 |
Strong performance Interim results beat our expectations and we have raised 2006 EPS estimates by 6%. The underlying figures reflect both the continuation of healthy underlying markets and Foseco taking every step to capitalise on them. Foseco remains a high-quality business with an attractive mid-term earnings outlook. Research type: Quarterly Update - Interim results |
Log in to download 6 page note available |
| Jul 13 2006 |
Forging ahead Foseco’s pre-close statement confirms a good level of demand in the Foundry business and some signs of recovery in the Steel operations. This supports our current forecasts and leaves the shares trading at a modest discount to its peers in the sector. Research type: Quarterly Update - Trading update |
Log in to download 3 page note available |
| Mar 16 2006 |
Casting shines An excellent margin performance from Foundry Products supported a good overall set of full-year results for Foseco. The outlook for Foundry remains encouraging, while there is now potential for a material turnaround in Steel operations in the future. We have not materially changed our forecasts for 2006 and 2007. Research type: Quarterly update |
Log in to download 5 page note available |
| Jan 16 2006 |
Value-driven strategy Outlook Research type: Outlook |
Log in to download 12 page note available |
| Sep 21 2005 |
Company comment Company Comment Research type: Interim Results |
Log in to download 2 page note available |
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