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General Electric Company (GEC.L)

LSE - LSE Delayed price. Currency in USD
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105.000.00 (0.00%)
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  • g
    gene
    The Selloff November 30th

    It is reported that yesterday there were 9 times
    more sell orders in stock than buy orders.

    That would mean a lot of nervous investors bailed out because
    they thought the world would be shutting down.

    It was some sort of record and newsworthy....

    Interestingly, in GE stock
    only $9.6 million shares sold which with $1.1 billion shares outstanding
    was about 9/10ths of 1 percent or really not a lot.

    It was not the Funds bailing out because they own almost 70% of all GE stock.
    It was a lot of small investors and people playing the market with shorts, etc.

    It is also interesting to note that
    yesterday was the end of November when people sell off
    to get a new start in stocks for December.

    Some sales may have been tied to options about to expire or heading down towards zero
    .
    A lot of knee jerk sales were tied to emotions.

    Nobody can tell where the new pandemic strain will be
    but so far the reports are not showing larger new covid problems.

    As you listen to cooler minds talk about it - it has become apparent
    that there is some protection.

    The vast population in this country has been vaccinated
    and probably that group has some or most of their needed immunity.

    And of course General Electric really does not rely on any retail activity anyway.

    It can defer an activity for a week or month and still sell what they sell at a later date.

    Nothing GE does is "time sensitive", unlike airline seats, hotel rooms, restaurants, etc.

    Lastly, domestic flights in this country and all other countries worldwide are still running fine.

    It is simply some international flights slightly restricted for a week so far that are affected
    and then only on a limited basis.

    So the fear factor my be overblown.

    Since markets are made up of fear and greed - nobody including me can predict
    where we will be next week or next month.

    But solid logic says that

    in a year I DO KNOW where we will be
    and it is that we as a society will be ok and functioning well again.

    gene
  • L
    Lisa
    there goes ge
    i see a number of issues ge is facing
    whatever i posted was deleted
    even a post addressing the deletions was deleted.
  • g
    gene
    Yesterday Larry Culp and Carolyn Dybeck-Happe met with Obin of Bank of America and said:

    The division of GE into 3 companies follows exactly the playbook he used at Danaher with great success.

    They said net debt has dropped to $25 billion at the end of December 2021 (this month Q4)
    and
    net debt to be at $10 billion by the end of 2023.

    They confirmed FCF would reach $13 to $14 billion by the end of 2023.

    Dybeck-Happe said that $13-$14 billion number has not changed from earlier projections.

    As you may remember, they said 2022 FCF would be at least $7 billion.

    Rick Obin of Bank of America again projected $140 price target for General Electric.

    Mt observation is:

    The $140 ($17.50) price will be reached during 2022.

    In 2023 at $14 billion FCF the stock price would be double or around $280 ($35).

    THE PLAYPEN

    It is now time to put the kids back in the playpen, pull up the barbed wire,
    shut out the lights, close and lock the door, and put on the earmuffs
    to quiet them.

    They have had their screaming fun for the past 10 days and
    it is now time for the grownups to return and take it back to sanity.

    posted by gene
  • a
    aby
    12/2/21: Did you buy the spike today? What do you think will happen tomorrow>
  • M
    MARK
    Here is what Vulcan Value Partners has to say about General Electric Company in its Q3 2021 investor letter:

    "As our margin of safety diminished, we sold our position in GE and allocated to more discounted companies." Opps another GE large Fund Holder sells GE stake....
    "During the quarter, we sold our positions in General Electric Co. General Electric is a company we followed for a long time. In the past, we removed GE from the MVP list due to management’s poor capital allocation decisions which resulted in value instability. Larry Culp, the former CEO of Danaher, became CEO of General Electric in 2018. The company implemented a vast restructuring program to simplify the industrial side of its business, sold off non-core assets, paid down debt with the proceeds, and drastically shrunk GE Capital. These restructuring activities allowed its world-class jet engine and healthcare businesses to shine through, and improved value stability. As a result, we added the company back to the MVP list. While the pandemic negatively impacted General Electric’s aviation business in the short run, it also gave us the opportunity to buy General Electric in the second quarter of 2020 with a substantial margin of safety. GE is a good example of a competitively entrenched, yet slower growing MVP business. As its stock price rose rapidly over the last year, its value growth did not keep up, and the price to value gap closed quickly. As our margin of safety diminished, we sold our position in GE and allocated to more discounted companies."
  • T
    The_real_Steve
    Another win for GE. Just announced.

    "Ontario Power Generation has selected GE Hitachi Nuclear Energy to help build a small modular reactor at its existing Darlington nuclear power plant, the first new reactor on Canadian soil in well over three decades."
  • H
    HARVEY
    It is not just the flu. It is the Federal Reserve. Easy money policy is coming to an end. Supply constraints continue with no end in sight. If you are buying Christmas gifts that requires shipping I recommend a gift card instead. Happy holidays to all
  • T
    The_real_Steve
    it looks like omicron is as mild as the flu and even less mild.

    I've never seen the market lose 1,000 points before when one person gets the flu.

    Many are now saying this is what will end covid. A new mutation which is so mild, that it will just like having the flu. This is how the Spanish flu ended also. A final mutation came which was so mild, and the Spanish flu was over in 3 weeks after that.

    Every one here must had the flu before. You do not see the economy shuts down because of it.
  • T
    TinyinUniverse
    GE Hitachi wins an order to build small modular nuclear reactors from the Ontario Power Generation. 1st reactor to be completed by 2028! order size is likely in the billions.
  • C
    Cap
    From John Slattery Yesterday - CEO of GE aviation :

    The vision for SAF is becoming a reality! Today I had the pleasure of joining United Airlines CEO Scott Kirby on the industry’s first passenger flight using 100% sustainable aviation fuel, flying from ORD to DCA.
  • d
    dbltrbl
    Since Ge announced the split up on Nov 9, GE stock has dropped 12.5% while then S&P has dropped 2%. Heading lower.
  • T
    Tony
    GE’s Healthcare unit alone is worth $120 Billion. GE is incredibly undervalued.
  • T
    The_real_Steve
    "BREAKING: China approves an airworthiness directive for Boeing 737 MAX planes. This will allow Boeing 737 MAX planes to be sold and used in China after it was banned more than 2 years ago.

    A massive win for Boeing that provides a framework for recertification in China."
  • g
    gene
    Huge $2.6 billion Green Hydrogen plant project planned.

    Iberdrola (giant Spanish utility), and H2 Green Steel (large Swedish Steel Manufacturer)
    are partnering to develop a major facility that will produce green hydrogen.

    The facility will locate in Spain and generate 1 gigawatt of electricity.

    They have not announced who will supply the wind power,
    but it will certainly be General Electric.

    Iberdola has a 50% stake in the Vineyard Wind Offshore Project in Martha's Vineyard.

    That new wind farm is using 62 General Electric Haliade 13W Offshore Wind turbines.

    Nine leading worldwide banks have financed this $2.3 billion project.

    Vineyards plans to supply 400,000 Massachusetts homes electricity in 2023.

    HOW THE FUTURE WILL LOOK IN 3 YEARS

    Offshore wind power is key to Iberdola's growth.

    During 2020 offshore wind power became the major growth factor for the company.

    By September 31, 2021 Iberdola had 1.3 GW of already installed Onshore wind capacity.

    They plan to triple the amount by building an additional 2.6 GW by 2025.

    Iberdrola is taking a leading position in the field of floating offshore wind power.
    They are spearheading the European green hydrogen steelmaking flagship project.

    The looking-ahead plan is to install 10 MW+ wind turbines on floating platforms.

    It certainly will also be using the General Electric Haliade 13W turbines.

    GE has been developing floating platforms for their Haliade 13GW turbines.
    They plan to definitely offer floating wind towers in sensitive places
    like off the coast of California in the next few years.

    GREEN HYDROGEN

    The electrolytic splitting of water requires Renewable Energy in order to be classified
    as "green hydrogen".

    The method is done by using electrolysis to pass an electric current through water
    which split it into oxygen and hydrogen.

    The just announced project is intended to allow H2Green Steel to produce
    2 million tons of steel by reduction a year.

    At creating 1 GW of Green Hydrogen, the scale of this project is three times larger
    than any earlier electrolysis project ever done worldwide done before -
    according to the Atomic Energy Agency.

    The project is expected to be operational and producing Green Hydrogen
    in 36 months - starting in 2025.

    posted by gene
  • f
    farmer
    Macro economics: new Covis concerns, Hyper inflation, jobs still not being filled, Market still sitting near all time high. Market is dangerous to stay in at this point. Don’t get greedy. How much upside potential is left? Ask yourself those questions. This goes beyond just GE
  • C
    Carson
    Years of watching this, $300Bn+ of backlog, stellar CEO, improving margins and debt ratios, adequate+ EPS beats, right-sizing teams and corp overhead... I am frankly exhausted by this continuous drip blood-letting. Yes, its a recovery play, yes its aviation and healthcare... The only down-side explanation is a rotation out of retail hands and an expansion of institutional holdings... 300M shares.... ugh.
  • M
    Manfred
    GE’s benchmarks for last week’s performance are (unfortunately) aviation companies, which all suffered from Omikron rumors. Nothing extraordinary, apart that aviation recovery may take longer.
    Same time, once the split is done, health and power/renewable will be more stable, at least under Covid circumstances, burdening aviation segment.
    To split is the right step, no doubt.
  • A
    Anonymous
    There has been little published on what happens with the GE massive R&D operation after the planned spinoff. Any recommended reading?
  • e
    epic3
    General Electric
    GE
    Share Price 7 Day 1 Year
    97.84 -2.1% 17.6%
    Independent Director recently bought US$101k worth of stock
    On the 22nd of November, Leslie Seidman bought around 1k shares on-market at roughly US$101 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$107k. Insiders have collectively bought US$270k more in shares than they have sold in the last 12 months.
  • e
    epic3
    From Invester Monkey

    Vulcan Value Partners, in its Q3 2021 investor letter, mentioned General Electric Company (NYSE: GE) and discussed its stance on the firm. General Electric Company is a Boston, Massachusetts-based multinational conglomerate company with a $112.2 billion market capitalization. GE delivered an 18.32% return since the beginning of the year, while its 12-month returns are up by 21.70%. The stock closed at $102.23 per share on November 25, 2021.
    Here is what Vulcan Value Partners has to say about General Electric Company in its Q3 2021 investor letter:

    “During the quarter, we sold our positions in General Electric Co. General Electric is a company we followed for a long time. In the past, we removed GE from the MVP list due to management’s poor capital allocation decisions which resulted in value instability. Larry Culp, the former CEO of Danaher, became CEO of General Electric in 2018. The company implemented a vast restructuring program to simplify the industrial side of its business, sold off non-core assets, paid down debt with the proceeds, and drastically shrunk GE Capital. These restructuring activities allowed its world-class jet engine and healthcare businesses to shine through, and improved value stability. As a result, we added the company back to the MVP list. While the pandemic negatively impacted General Electric’s aviation business in the short run, it also gave us the opportunity to buy General Electric in the second quarter of 2020 with a substantial margin of safety. GE is a good example of a competitively entrenched, yet slower growing MVP business. As its stock price rose rapidly over the last year, its value growth did not keep up, and the price to value gap closed quickly. As our margin of safety diminished, we sold our position in GE and allocated to more discounted companies.”

    Based on our calculations, General Electric Company (NYSE: GE) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. GE was in 53 hedge fund portfolios at the end of the third quarter of 2021, compared to 67 funds in the previous quarter. General Electric Company (NYSE: GE) delivered a -1.11% return in the past 3 months.