Cobham’s turnaround is well on track, but shares are fairly valued.
After a string of profit warnings, Cobham reported 2017 results in line with our expectations as operating profit rose to GBP 104 million, versus an operating loss of GBP 779 million in 2016. However, statutory profit was supported by lower charges for noncash items like amortisation of intangible assets (GBP 139 million in 2017 versus GBP 161 million last year), impairment of goodwill (GBP 2 million in 2017 versus GBP 574 in 2016), and favourable revaluations of non-hedge-accounted financial in...Cobham provides technologies and services across its defense, aerospace and space markets. Co. has four sectors: Communications and Connectivity, which provides equipment and solutions to enable connectivity across a range of environments in aerospace, avionics, satellite and radio, wireless and mobile connectivity markets; Mission Systems, which provides safety and survival systems, aerial refueling systems and wing-tip to wing-tip mission systems; Advanced Electronic Solutions, which provides solutions for communication on land, sea, in the air and in space through off-the-shelf and customized products; and Aviation Services, which provides outsourced aviation services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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