Bodycote Share Discussion Threads

[sleveen] 13/10/2012 09:48

I think Mr Market suspected as much last week, hence the double top.

[speedsgh] 12/10/2012 13:12

The share price won't have been helped by this IC article in the last few days.
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... Back in the UK, Cookson has already taken the pain and James Tetley, an analyst at N+1 Singer, thinks Bodycote is vulnerable, too. "In July, both firms talked of weakness in Europe during the first half, but reasonably robust growth elsewhere, particularly in North America and emerging markets," he says. "That optimism seems to have ebbed away."

Indeed, 57 per cent of Bodycote's first-half sales were from automotive and general industrials, much of that from Europe. True, the company boasts a solid aerospace business, but its shares have risen nearly a quarter since those results and sluggish growth elsewhere will hurt.

"Now, Europe is probably weaker than expected and there are signs that the US is slowing, so it's difficult to see where growth is going to come from in 2013," warns Mr Tetley.

The concern is that the big heavy truck, mining and general industrial companies have already begun rebasing their expectations for next year. "There may be an element of destocking in here, but it is currently too difficult to unpick," believes Mr Tetley. This worry was illustrated on Wednesday when US diesels engines maker Cummins warned on revenues for this year, cutting guidance by $1bn to $17bn due to delays in capital spending plans by customers.

[toffeeman] 12/10/2012 08:45

Or if you take a support line from Nov 2011 - 325?

[cockneyrebel] 12/10/2012 08:18

reveral point here?

CR

[sleveen] 11/10/2012 19:58

the double top mid Sept and early Oct is a little troubleing though IMHO.

[cockneyrebel] 11/10/2012 15:33

Long again from today, cyclicals back on the up here imo.

CR

[sailastra] 10/10/2012 15:36

My first entry...been watching this little break down recently and tend to feel that it is a pause in the uptrend rather than a full scale tumble...Given that Cookson warned that things are difficult and that Morgan Crucible have lost ground a little, we can not expect BOY to buck the trend...The sector is under a little pressure for sure...These stocks are not expensive unless you believe that their earnings are set to get toasted.

[purple boots] 10/10/2012 13:00

disappointing double top here, perhaps heading for gap at 3.66

[k mon] 02/10/2012 11:08

Spot on there Big D.

[bigbigdave] 01/10/2012 16:46

Next leg up coming here I reckon.

[speedsgh] 11/9/2012 13:08

Boy, is this a quiet thread! Probably due a bit of breather after recent strength but nice to see the intra-day reversal.

[bigbigdave] 07/9/2012 08:07

Breaking out past August high this morning.

[sleveen] 28/8/2012 10:47

looks like the support @ 322p will be tested. Edit: or maybe not.

[cockneyrebel] 23/8/2012 10:24

Looking hot here imo:

lovely bowl:

[cockneyrebel] 22/8/2012 11:19

The hot buyrs that created this rally and bowl are still out there waiting to pounce on the dip imo.

CR

[cockneyrebel] 16/8/2012 16:58

Panmure out with a Buy today, upped their target today from 505p to 540p

CR

[cockneyrebel] 16/8/2012 16:14

Nice intraday reversal :-)

Welcome BBD :-)

CR

[cockneyrebel] 15/8/2012 13:40

On or near a nice pointy on the bowl to be adding here imo - so I have :-)

CR

[cockneyrebel] 14/8/2012 16:21

Big intraday reveral here - looks a buy rather than a sell imo Greenroom.

BOY can add 5-10% in a day no trouble when the punters chase it imo.

CR

[greenroom78] 14/8/2012 15:48

Trimmed back on some FENR that I bought sub 350p and bought into here today. Chart looks like this could go the same way.

[cockneyrebel] 14/8/2012 11:35

Nearly all buys today - a seller to clear then up these go again imo.

CR