Renishaw Share Discussion Threads

[redartbmud] 08/1/2015 08:40

APAD

Thanks for the comment.
I have researched Ror to death, so I am comfortable to dabble a bit, whilst retaining a core holding. Ror smaller than Weir and has traded in a range recently. Weir is on my watch list.

I am reluctant to add new holdings at present, given the volatilty in the markets. I took a 10p turn on Rex today for a few pennies.


red

[apad] 08/1/2015 08:16

Mmmm ROR down 15% in 6months and WEIR 35% (bigger exposure to shale). I'm looking to increase WEIR for the oil bounce back, but not in a hurry. ROR safer (I just can't bear to sell companies like ROR - I want to own the lot:-)
RSW (now 8.5% of my portfolio) looking a lot racier than PRV at the moment!

PRV have 3 large contracts moving through, so there is some lumpiness. These will have an effect 'till 2017. Major exports to the americas and far east. Patented products in high risk, high value processes (no risk from cheap copies. I don't think it is overly exposed to the oil price fall and should benefit from dollar strength. It is well managed and the directors have significant holdings. Backwards PER is 21 and the yield is 1% (10% increase at interims). Large increase in facilities recently. Finals on 26 Jan. No analyst forecasts, so no visibility or buzz.

apad

[redartbmud] 07/1/2015 22:22

Hi APAD

I did not research PRV but on the basis of my superficial look, I thought that the rating was a bit too racy in these markets.

Picked up 250 Ror at £22.509, which i hope to trade at £23.50 in due course. No recommendation, just what I did.

regards

red

PS Not enough RSW to justify a top slice as insurance.

r

[apad] 07/1/2015 17:53

Nice to see the price back to where it was in March.)

I'm surprised at this affys mark-up. Mostly A trades, a few O trades taking profits. Not really much activity.
This morning's expected and decent volume.
Stock shortage CR?

OT
I increased PRV significantly (for me) today, seems to be off the radar.
Topped up a few POS as well.

apad
ps Keep your stop-loss quantum dot close, CR :-)
Mind you, the trouble with a placing is that stop-losses don't work with step-functions.

[pugugly] 07/1/2015 17:45

APAD First buy 23-Oct-08 at £5.58 so no complaints . One of my better decisions. !!

[cockneyrebel] 07/1/2015 17:30

Nice day ah? :-)

Even NANO made a bounce APAD :-)

CR

[apad] 07/1/2015 17:28

PUG,
You've been in since 2007 I believe?
"Keep sitting on fingers and do not press SELL button."
apad

[redartbmud] 07/1/2015 16:12

Memo to PUGUGLY

Keep sitting on fingers and do not press SELL button.

Does that help.

red

[pugugly] 07/1/2015 15:57

07 Jan Numis Add 2,271.50 - 2,200.00 Reiterates
07 Jan Barclays Capital Overweight 2,271.50 2,425.00 - Retains
07 Jan N+1 Singer Hold 2,271.50 1,760.00 1,760.00 Reiterates

Still some way to go if the Barclays trget of 2425p is to be met but given the share price momentum today would need less than 50% of today's gain to exceed.

Tempted to sell but a crown jewel -

MEMO Self - Keep sitting on fingers and do not reach for the Sell button -

[henley2] 07/1/2015 15:00

Assuming PBT at middle of range (£130m), 20% tax charge and 72.8m shares in issue, results in EPS of 143p. P/E of 15.7x doesn't seem that expensive given the growth in EPS. Onwards and upwards on the chart aswell!

[eezymunny] 07/1/2015 08:35

Had some of these for the EEZY2 portfolio today FWIW.

That may be the most remarkable t/s we see from a company this size all year. Not wildly cheap (by my stingy standards) but growth lovers will probably find it extraordinarily cheap here if they hit (or get close to) the top end of those numbers.

[apad] 07/1/2015 07:41

Mmmm. Well, with 3 rns' I guess the news is in the price now - outside my Mum's income portfolio now.
I reckon a higher than usual divvy increase could kick the shares on results and they are stuffed with cash from the Delcam sale….
The 94 jobs on offer and the consistency with which they have vacancies suggests recruiting difficulties.
Some take-up in dentistry and neurology would be good, but don't expect it. I'll be interested in any report on in-process control of 3D printing.
I know the research side very well and can personally attest to the terrific esprit de management corps.
apad

[cockneyrebel] 07/1/2015 07:25

I think the results are so far ahead they had to put a t/s out really APAD.

All imo/dyor etc

CR

[apad] 07/1/2015 07:19

I wonder why they felt the need to put out an rns when the results are due at the end of the month?
2009 was the time to recommend RSW, CR - now why didn't you listen to me :-)
apad

[apad] 07/1/2015 07:19

I wonder why they felt the need to put out an rns when the results are due at the end of the month?
2009 was the time to recommend RSW, CR - now why didn't you listen to me :-)
apad

[nfs] 06/1/2015 21:54

At 140m pbt eps should be about 140p yes?

Phenomenal growth over prior year

[redartbmud] 06/1/2015 21:49

CR

'Relatively' cheaply?

red

[cockneyrebel] 06/1/2015 20:06

Punters keeping quiet and not mentioning RSW tonight - hoping to get in cheaply tomorrow imo :-)



CR

[cockneyrebel] 06/1/2015 17:08

Agree Pugugly - a very well run co and deserving of a premium rating imo. When these are in growth mode the growth is pretty incredible.

£55m pbt in H1, double that of last year - £65m in H2 would be £120m for the year - 30% higher than current forecasts.

Not only that but they keep posting trading updates that are ahead of forecasts again and again - I like co's that promise low and deliver high.

All imo/dyor etc

CR

[pugugly] 06/1/2015 17:02

Re my post 681

" The controlling shareholders are of the view that the requirement to enter into a Relationship Agreement infringes upon their rights as shareholders and their track record demonstrates that they act in the best long-term interests of the Company.

Today's trading statement proves what I have said before. The Directors have real skin in the game and I would suggest having built up the value of the Company with their hard and dedicated work we as shareholders should thank them and tell the regulatory authorities to remove the beam from their own eyes etc.

As a shareholder I have nothing to say to Sir David but "Thank you and best of health for 2015 and future years."

[cockneyrebel] 06/1/2015 16:33

Well I reckon anyone selling or taking profits this afternoon hadn't even read that RNS or understood it imo!

£55m in H1 should put them on course to beat forecasts by 20% or more imo. Big upgrades likely imo.

Results in 3 weeks time too :-)

CR

[cockneyrebel] 06/1/2015 16:21

Only £91m pbt forecast for the year !

£55m pbt in H1 :-)

CR

[cockneyrebel] 06/1/2015 16:20

RSW t/s out:

TIDMRSW RNS Number : 4575B Renishaw PLC 06 January 2015 Renishaw plc Trading statement 6th January 2015 Following a strong first half year, we expect to report revenue for the first half year to 31st December 2014 of approximately GBP224m*, an increase of 37% over the GBP164m for the comparable period last year. Profit before tax for the first half year is expected to be around GBP55m, compared with GBP26m last year. We continue to see good momentum in our business, with a record order book and we currently anticipate that revenue for the full year will be between GBP465m and GBP495m and profit before tax will be between GBP120m and GBP140m. The interim results for the first half year to 31st December 2014 will be released on 29th January 2015. Sir David McMurtry CBE, RDI, FRS, FREng, CEng, FIMechE Chairman and Chief Executive 6th January 2015 *Note - all figures are unaudited. Renishaw plc Registered office New Mills, Wotton-under-Edge, Gloucestershire, GL12 8JR Registered number 1106260 Telephone number 01453 524524 Website www.renishaw.com This information is provided by RNS The company news service from the London Stock Exchange END TSTEAKFKEFDSEFF (END) Dow Jones Newswires 06-01-15 1614GMT

[redartbmud] 05/1/2015 21:53

APAD

I cannot fault your logic.
The shares are tightly held and a relatively small percentage is traded on a regular basis. It means that any occurrence considered to be out of the ordinary results in a bigger swing in the Sp than you would expect to see compared to other companies. It may therefore be easier to 'massage' such movements with a few strategicly placed transactions.
The company is going great guns at present, but will not be immune to any big deterioration in the world economy. As the oil price falls it is expected to stimulate demand because consumers and business will see more income fall into their pockets.
Aside from my core holding, I tend to buy and sell a few against the trend and market sentiment. I am happy to hold if/when I get the timing wrong, as I have firm belief in the quality of the business, which I am sure GE or the Japanese would kill to own - post mortem.
Dividends are an interesting issue. Speaking to Sir D McM, he stated the policy was to look at available cash after taking account of the ongoing business requirements and decide how much to pass on to shareholders. At least 52% of the shareholders do not need large dividends, in fact they lose a considerable % to HMRC.

red