Edition:
United Kingdom

Ultra Electronics Holdings PLC (ULE.L)

ULE.L on London Stock Exchange

1,329.00GBp
23 Jan 2019
Change (% chg)

14.00 (+1.06%)
Prev Close
1,315.00
Open
1,298.00
Day's High
1,332.00
Day's Low
1,298.00
Volume
230,647
Avg. Vol
195,868
52-wk High
1,763.00
52-wk Low
1,196.00

Latest Key Developments (Source: Significant Developments)

Ultra Electronics Names Tony Rice As Chair Designate
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Ultra Electronics Holdings PLC ::ULTRA ANNOUNCES APPOINTMENT OF TONY RICE AS CHAIR DESIGNATE.TONY RICE WILL SUCCEED DOUGLAS CASTER, WHO INTENDS TO STEP DOWN AS CHAIR AND RETIRE FROM BOARD.  Full Article

Ultra Electronics Says FY Performance Remains In Line With Expectations
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Ultra Electronics Holdings PLC ::GROUP'S FULL YEAR TRADING PERFORMANCE REMAINS IN LINE WITH EXPECTATIONS SET AT ULTRA'S INTERIM RESULTS ON 6 AUGUST 2018.CONTINUES TO EXPERIENCE STRONG ORDER INFLOW AND REMAINS FOCUSED ON EXECUTION AND DELIVERY WHILE CONTINUING TO WIN NEW BUSINESS.EXPERIENCING INCREASED WORKING CAPITAL REQUIREMENTS, THIS IS CURRENTLY EXPECTED TO RESULT IN 2018 CASH CONVERSION IN 65%-75% RANGE.REMAINS WELL POSITIONED IN AREAS OF PRIORITY SPEND WITH SIGNIFICANT EXPOSURE TO STRENGTHENING US DEFENCE BUDGET.CONTINUED CONFIDENCE IN LONGER-TERM OUTLOOK.  Full Article

Ultra Electronics Sells Airport Systems Business For 22 Mln Stg
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Ultra Electronics Holdings PLC ::DISPOSAL.PROPOSED DEAL FOR £22M.ULTRA DIVESTS ITS AIRPORT SYSTEMS BUSINESS TO ADB SAFEGATE.  Full Article

Ultra Electronics HY Underlying Pretax Profit Falls To 43.6 Mln Stg
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Ultra Electronics Holdings PLC ::HY REVENUE 350.5 MILLION POUNDS VERSUS 366.4 MILLION POUNDS YEAR AGO.INTERIM DIVIDEND PER SHARE 14.6 PENCE VERSUS 14.6 PENCE YEAR AGO.HY UNDERLYING PBT 43.6 MILLION POUNDS VERSUS 52.3 MILLION POUNDS YEAR AGO.SAYS EXPECTATIONS FOR 2018 ARE UNCHANGED FROM RECENT PRE-CLOSE TRADING STATEMENT.  Full Article

Ultra Electronics Anticipates FY Group Operating Profit At Constant Currencies To Be Reduced By 4 Mln Pounds - 6 Mln Pounds
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Ultra Electronics Holdings PLC ::ISSUES ITS PRE-CLOSE TRADING STATEMENT, AHEAD OF ITS INTERIM RESULTS FOR 2018.MAJORITY OF GROUP'S OPERATIONS HAVE HAD BETTER THAN ANTICIPATED ORDER INTAKE IN H1.MAJORITY OF COS OPERATIONS EXPECTED TO DELIVER H1 REVENUE, OPERATING PERFORMANCES BROADLY IN LINE WITH MANAGEMENT EXPECTATIONS.MANAGEMENT NOW ANTICIPATE EXPECTATIONS FOR GROUP'S OPERATING PROFIT AT CONSTANT CURRENCIES FOR FY TO BE REDUCED BY £4M-£6M.HERLEY CONTINUES TO BE IMPACTED BY COST OVERRUNS ON DEVELOPMENT CONTRACTS; HERLEY ANTICIPATES SOME RECOVERY IN H2.ORDER BOOK AT £972M AT MAY-END WAS STRONG WITH OPENING ORDER COVER FOR H2 EXPECTED TO BE HIGHER THAN IN RECENT YEARS.OVERALL MARKET BACKGROUND FOR ULTRA IS MORE POSITIVE, REFLECTING IN PARTICULAR IMPROVING US DEFENCE MARKET.  Full Article

Ultra Electronics Says Trading, Cash Performance Will Be More Heavily Weighted To H2
Friday, 27 Apr 2018 

April 27 (Reuters) - Ultra Electronics Holdings PLC ::GROUP'S TRADING AND CASH PERFORMANCE WILL BE MORE HEAVILY WEIGHTED TO SECOND HALF OF YEAR.SECURED HIGHER VOLUME OF ORDERS IN Q1 COMPARED TO RECENT YEARS AND THIS RESULTED IN AN IMPROVED ORDER BOOK OF £933M AT END OF MARCH 2018.CONDITIONS IN ULTRA'S MARKETS HAVE REMAINED AS NOTED ON 5 MARCH 2018 IN 2017 PRELIMINARY RESULTS ANNOUNCEMENT.  Full Article

Ultra Electronics Holdings Expects Full Year Revenue To Be Over 770 Mln Pounds
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Ultra Electronics Holdings Plc ::GROUP TRADING REMAINS IN LINE WITH ANNOUNCEMENT MADE ON 10 NOVEMBER 2017.‍FULL YEAR REVENUE IS EXPECTED TO BE OVER £770M AND UNDERLYING OPERATING PROFIT JUST OVER £120 MILLION​.ORDER INTAKE HAS CONTINUED TO BE STRONG AT AROUND £900M IN FY 2017.CASH CONVERSION IS EXPECTED ABOVE 90% AND FOLLOWS CASH CONVERSION OF 92% FOR YEAR ENDED 31 DECEMBER 2016.ULTRA ELECTRONICS HOLDINGS - ‍BOARD REMAINS MINDED TO RECOMMEND A FINAL DIVIDEND OF 35P PER SHARE AND WILL FINALISE WHEN GROUP ANNOUNCES FY RESULTS​.ENTERS YEAR WITH AN ORDER COVER ON EXPECTED 2018 REVENUES OF AROUND 62%, COMPARED WITH APPROXIMATELY 56% IN 2017.‍TRADING PERFORMANCE FOR EACH HALF OF 2018 IS EXPECTED TO BE APPROXIMATELY 48%:52%​.MEDIUM TERM GUIDANCE FOR CASH CONVERSION REMAINS IN LINE WITH 80% TO 85% LEVELS MENTIONED IN ANNOUNCEMENT OF 10 NOV.SEARCH FOR A NEW CHIEF EXECUTIVE IS UNDERWAY.  Full Article

Ultra Electronics Wins Two Contracts
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Ultra Electronics Holdings Plc ::ULTRA ELECTRONICS - CONTRACT WINS.ULTRA ELECTRONICS - ‍GROUP'S COMMUNICATION & INTEGRATED SYSTEMS (CIS) BUSINESS HAS BEEN AWARDED A UK CONTRACT VALUED AT £16.6 MILLION​.ULTRA ELECTRONICS HOLDINGS PLC - ‍GROUP WILL ALSO PROVIDE SPECIALIST SUPPORT OVER COURSE OF SYSTEM'S USE​.ULTRA ELECTRONICS HOLDINGS PLC - ‍PRECISION CONTROL SYSTEMS (PCS) BUSINESS HAS BEEN AWARDED A CONTRACT VALUED AT £9 MILLION​.  Full Article

Ultra Electronics announces completion of CFIUS process
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - ULTRA ELECTRONICS HOLDINGS PLC ::SAYS THAT ON NOV 20 COMMITTEE ON FOREIGN INVESTMENT IN UNITED STATES (CFIUS) COMPLETED ITS REVIEW PROCESS.CFIUS STATED THERE ARE NO UNRESOLVED NATIONAL SECURITY CONCERNS WITH RESPECT TO ULTRA'S PROPOSED ACQUISITION OF SPARTON CORP.  Full Article

Ultra Electronics says Rakesh Sharma has stepped down as Chief Executive​
Monday, 13 Nov 2017 

Nov 13 (Reuters) - ULTRA ELECTRONICS HOLDINGS PLC ::RAKESH SHARMA HAS STEPPED DOWN AS CHIEF EXECUTIVE AND FROM BOARD WITH IMMEDIATE EFFECT.​.‍BOARD HAS ASKED CURRENT CHAIRMAN, DOUGLAS CASTER, TO ASSUME ROLE OF EXECUTIVE CHAIRMAN UNTIL A SUCCESSOR IS APPOINTED​.  Full Article

Ex-divs to take 0.6 points off FTSE 100 on Aug 30

LONDON, Aug 27 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 0.58 points off the index. COMPANY (RIC) DIVIDEND STOCK OPTION IMPACT (pence) Intercontinental