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RSW Renishaw Plc

4,250.00
100.00 (2.41%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Renishaw Plc LSE:RSW London Ordinary Share GB0007323586 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  100.00 2.41% 4,250.00 4,260.00 4,278.00 4,396.00 4,134.00 4,140.00 360,235 16:35:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electrical Machy, Equip, Nec 688.57M 116.1M 1.5966 26.69 3.1B
Renishaw Plc is listed in the Electrical Machy, Equip sector of the London Stock Exchange with ticker RSW. The last closing price for Renishaw was 4,150p. Over the last year, Renishaw shares have traded in a share price range of 2,826.00p to 4,438.00p.

Renishaw currently has 72,719,565 shares in issue. The market capitalisation of Renishaw is £3.10 billion. Renishaw has a price to earnings ratio (PE ratio) of 26.69.

Renishaw Share Discussion Threads

Showing 626 to 647 of 1325 messages
Chat Pages: Latest  29  28  27  26  25  24  23  22  21  20  19  18  Older
DateSubjectAuthorDiscuss
24/7/2013
12:44
thanks redart
v helpful

no old mutual med size com-pany fund?

chairman20
24/7/2013
12:42
I took today's stake off the table at £15.264, leaving the gain in shares in my SIPP. Reduced the average price of the portfolio and increased the yield as a result. This is win win for me, as I now have the cash available again, and will get future dividends for free.
Most of my holding is at negligible cost, derived from a certain amount of trading.
As I am in drawdown, I have to watch the pennies carefully.


red

redartbmud
24/7/2013
10:27
Chairman

I agree on succession/risk, but if/when McMurtry (Age 72) or Deer (Age 74) shuffle off this mortal coil, we could see a bid.

McMurtry will not let healthcare go lightly, if at all, but it doesn't look to me like a long term contributor, so it is a negative.

Bill Whitely as a non-exec is a big plus. I rate him very highly. I would have liked to see him as Chair. I would expect wise counsel from him.
The company could benefit from a bit more shake up of the board.

£21m of cash at the year end

Y/e
Blackrock 5.07%
Capital Research 4.76%
Standard life 4.99%
I have not checked on any changes.

red

redartbmud
24/7/2013
09:51
The couple of analysts Investec (Under Review) and Numis (Hold) do not encourage me to buy back in yet. Investec "missed guidance by 5 M operating margins less than FY12 and H1 13 and for a company often hard to read no one to one meetings unhelpful. They want to assess the balance between revenue and growth potential.

It is a great company and product range and I like its ethos but my feeling is that it was over bought which is why I sold at 16.95 (too early then as it happened)I hope to buy lower but good luck to those that want to hold and I am probably wrong.

a3477681
24/7/2013
09:35
dasv -1st timer issues/questions

The abandonment of investor meetings coupled with the obvious (and
no doubt irritating) questions about succession risk and succession
planning - is hardly a support for the share price.

Costs rising twice as fast as revenues don't help but the explanation
in the Miskin expansion and aquisition-led 10% increase in headcount
is pretty obvious.

Then there I the still-to be proven (in profit terms) diversification into
healthcare engineering.

Not surprising there should be weakness perhaps. Do you agree?

Not been able to find out anything about insti holders - do you have
any info of funds (perhaps FTSE350) as long-term holders?

Many Thanks and apologies for the (obviously ignorant) questions

chairman20
24/7/2013
09:18
dasv/Chair

Thanks for the comments.

red

redartbmud
24/7/2013
09:14
dasv

not a chartist myself but isn't the support line now 1450 (top of previous resistance?)

and the question is if it breaches that is there any technical reson why it should not see 12500 ish again in the near future? Just asking

directed here by your comments.

thanks

chairman20
24/7/2013
09:06
1500 support needs to hold till close to prevent further technical damage.
dasv
24/7/2013
08:53
bw

Thanks for the comment.

I just feel that there is a loyal following for the company. Trading volumes are tight and any movement tends to be exaggerated.
The top line is up, which is a positive, and the company is still in the early stages of the Miskin development.
I like the idea of new products, and the company is a world leader in it's field.


I must confess however that I did not run the slide rule over my any calculations and have gone with my gut rather than any more structured approach.
He who dares Rodney.....

red

redartbmud
24/7/2013
07:58
red - not really. I just thought there might be a few weeks/months of weakness whilst this news beds in. But I still like them and probably will get back in down the road.

Best of luck.

broadwood
24/7/2013
07:55
Added at 8.43. Long term investment.

Divergence of opinion then bw.

red

redartbmud
24/7/2013
07:39
Phew. Glad I got out at 8.01.
broadwood
23/7/2013
09:53
coldfish

A plague on your house. I want to see the share price advance.

red

redartbmud
23/7/2013
07:41
Results tomorrow.
broadwood
19/6/2013
14:55
i desire to short this and FENR
coldfish 2
12/6/2013
11:35
hxxp://www.themanufacturer.com/articles/renishaw-completes-latest-wales-refurb-plans-for-extra-400000-sq-ft/
apad

apad
10/6/2013
17:40
Jobs down to 41 (from 61) all in Gloucestershire.
apad

apad
03/5/2013
13:00
Nice turnaround.
broadwood
03/5/2013
11:04
at least he has contributed to liquidity for buyers by shorting ;)
dasv
03/5/2013
08:33
Well that short has had a marvellous effect - now rising strongly. Expect they'll be closing it soon!
deadly
03/5/2013
07:13
Forecasts (digital look)

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
30-Jun-13 359.59 94.17 103.11p 16.0 2.0 +8% 42.01p 2.7%
30-Jun-14 380.05 102.14 112.06p 14.8 1.7 +9% 45.22p 2.9%

Historical:-

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
30-Jun-08 201.16 43.06 45.90p 16.1 0.6 +28% 25.39p 3.4%
30-Jun-09 171.25 4.72 9.30p 36.7 n/a -80% 7.76p 2.3%
30-Jun-10 181.61 27.06 31.60p 22.9 0.1 +240% 17.60p 2.4%
30-Jun-11 288.75 82.08 88.50p 19.8 0.1 +180% 35.00p 2.0%
30-Jun-12 331.89 86.05 95.60p 14.6 1.8 +8% 38.50p 2.8%

So Pre-tax profit is likely to be 86.5 + (2.5 exceptional credit) rather than 94m predicted.

If profit is static for 2013 then PEG will be much higher - the implication is that 2014 will compensate with rising revenue assuming increased capacity can be utilised.

dasv
03/5/2013
06:57
Renishaw said its expects current-year adjusted profit before tax (excluding the exceptional credit of £2.9 million) to be around the same level as last year.

The group faces particularly tough comparators going into the fourth quarter, which last year produced a number of large orders in China related to the consumer electronics market.

"Based on recent underlying activity levels, we currently expect that revenue in the second half will be at similar levels to revenue in the first half of this fiscal year," the company said.

"With global investment in production systems and processes expected to continue, we remain confident for the long-term prospects of the Group," it said.

Meantime, third-quarter revenue was £81.9 million, against £81.6 million. Cumulative revenue for the nine months to March 31 was £256.1 million, up 12% year on year.

"During the period we experienced growth in Europe, UK and the Americas, when compared with the corresponding period last year. Revenue in the Far East, our largest geographical market was, however, slightly below the level of last year," the company said.

"Cumulatively for the 9 months, revenue in the Far East is 29% ahead of the corresponding period last year reflecting very strong 1st quarter growth, with Europe and the Americas being at a similar level and the UK, a smaller market, being 12% higher."

broadwood
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