Cobham (COB)

Sector:

Defense and Aeronautics

Index:

FTSE 250

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106.10p
   
  • Change Today:
      2.50p
  • 52 Week High: 131.70
  • 52 Week Low: 96.84
  • Currency: UK Pounds
  • Shares Issued: 2,391.01m
  • Volume: 2,925,037
  • Market Cap: £2,536.86m
  • RiskGrade: 108
  • Beta: 0.01

Cobham agrees to pay ?69m to settle long-running tax dispute

By Abigail Townsend

Date: Wednesday 15 May 2019

LONDON (ShareCast) - (Sharecast News) - Cobham's long-running dispute with HM Revenue & Customs has been settled, the defence and aerospace specialist announced on Wednesday.
Under a deal struck with the tax authorities, Cobham will pay a one-off net tax payment of £55m in the first half of the current year, along with a one-off interest payment of £14m.

The payments will "finally settle the group's exposure to this matter", the FTSE 250 firm said, noting that "the settlement is within the amounts previous provided by Cobham for tax".

Cobham's dispute with HMRC centred around the availability of interest deductions on one of its internal financing structures, which was in place between 2008 and 2014.

Separately, Cobham also provided an update on the European Commission's ruling last month that the UK's controlled foreign company regime partially represented state aid.

It said: "The UK government has not yet announced how it would identify and see to recover state aid; Cobham estimates is could have an additional tax payable of between nil and approximately £60m."

Shares in Cobham were trading 1% higher at 114.45p by 1000 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Cobham Market Data

Currency UK Pounds
Share Price 106.10p
Change Today 2.50p
% Change 2.41 %
52 Week High 131.70
52 Week Low 96.84
Volume 2,925,037
Shares Issued 2,391.01m
Market Cap £2,536.86m
Beta 0.01
RiskGrade 108

Cobham Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.08% below the market average40.08% below the market average40.08% below the market average40.08% below the market average40.08% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Price Trend
30.47% below the market average30.47% below the market average30.47% below the market average30.47% below the market average30.47% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Income
71.62% below the market average71.62% below the market average71.62% below the market average71.62% below the market average71.62% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Growth
92.77% below the market average92.77% below the market average92.77% below the market average92.77% below the market average92.77% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 9
Sell 0
Strong Sell 1
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Cobham Dividends

  Latest Previous
  Interim Final
Ex-Div 06-Oct-16 28-Apr-16
Paid 04-Nov-16 27-May-16
Amount 2.03p 8.13p

Trades for 17-Jun-2019

Time Volume / Share Price
16:35 1,358,168 @ 106.10p
16:29 308 @ 106.00p
16:29 344 @ 106.05p
16:29 506 @ 106.05p
16:29 574 @ 106.05p

Cobham Key Personnel

Chair Michael Wareing
CEO David Lockwood
CFO David Mellors

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