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ROR Rotork Plc

327.60
0.80 (0.24%)
Last Updated: 12:31:19
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rotork Plc LSE:ROR London Ordinary Share GB00BVFNZH21 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.80 0.24% 327.60 327.60 328.20 328.60 320.20 320.20 841,300 12:31:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Indl, Coml Machy, Equip, Nec 719.15M 113.14M 0.1314 24.92 2.82B
Rotork Plc is listed in the Indl, Coml Machy, Equip sector of the London Stock Exchange with ticker ROR. The last closing price for Rotork was 326.80p. Over the last year, Rotork shares have traded in a share price range of 277.20p to 344.80p.

Rotork currently has 861,253,089 shares in issue. The market capitalisation of Rotork is £2.82 billion. Rotork has a price to earnings ratio (PE ratio) of 24.92.

Rotork Share Discussion Threads

Showing 401 to 425 of 800 messages
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DateSubjectAuthorDiscuss
19/12/2013
09:01
looks like ROR is in lock step with its peers in the current exuberance.
apad

apad
16/12/2013
12:57
Yup.
Also, the industries that they supply might cut back on expenditure if oil supplies from the Middle East increase. However, I think the Gulf states will throttle back to maintain the price.
But the cost of extraction of heavy oil or difficult to access oil and gas is not properly factored into the current enthusiasm for the technology.
All of the suppliers are falling back, e.g. WEIR, so whether my timing matches sentiment is a moot point.
But, I think these arguments act against RDSB (buying back shares!). So the rule of Shell - buy at £17 sell at £21 - has been invoked.
apad

apad
16/12/2013
12:37
Possibly the recent strength of the £ hasn't helped but quality stocks like this will ensure a happy new year.
broadwood
16/12/2013
12:28
Apad

Good luck, I am thinking of adding at these levels, but it would be a decision to raise my portfolio weighting over the norm.

I subscribed to IC years ago, but have long since ditched it!


red

redartbmud
16/12/2013
11:39
swapped some rdsb for some ror @ £26, red.
Hey ho.
apad

apad
16/12/2013
11:04
IC sell rec. based on rating in Aug. is maybe a drag on the share price
apad

apad
16/12/2013
08:10
APAD

Why let the detail get in the way of a good story.

Thanks.

red

redartbmud
16/12/2013
08:09
www.playitback.org/details.aspx?v=336
apad
16/12/2013
08:05
Interesting how we discuss this company with no mention of peristaltic pumps :-)

Love "play dough"

apad

apad
15/12/2013
21:39
nfs

No problems. All the best.

red

redartbmud
15/12/2013
21:08
Redartbmud
Thanks for the responses
It's a wonderful company and something for the long term that allows one to sleep at night

nfs
15/12/2013
20:57
nfs

I am not trying to ramp the share in any way, but below is a comment from Barclays on Ror as one of their tips for 2014.
Barclays - treat it with a pinch of salt??

Rotork, the maker of valves for the oil industry, is expected to continue its decade-long run of steady sales growth.

Analysts Nick Webster and Richard Paige have placed a target price of £33.15 on the shares, expecting it to continue its average sales growth of 11%, which it has delivered for the past 10 years compared to a sector average of 4%.

'It is an asset-light, highly cash-generative business,' said the analysts. 'It has distributed nearly £300 million in dividends by means of a regular core and additional special dividend payments. We believe this justified Rotork's premium valuation.'

Barclays added that Rotork is a dominant player in an industry with high barriers to entry, and there is a 'low emerging market threat', where it has a significant share of the market.

'Rotork's premium valuation is justified by its market leading positions, record of superior earnings growth and strong cash generation.'

Rotork dropped 0.2% to £26.79 in Tuesday trade.

regards
red

redartbmud
15/12/2013
20:38
nfs

Yes you are correct - as of today, however the year high is £30.97p.
I don't see a material difference in performance between the two dates.

It depends on what you are looking for.
Should you want a longer term investment in a quality company,where there is probably ongoing growth, the current weakness could be an entry point. It just depends on how you see the picture.
Alternatively, it could present a short term opportunity to make a quick turn.
It really depends on your perception of markets, sectors and individual shares within those sectors.
Undoubtedly there will be stocks that outperform others, and Ror in particular. I have limited time to carry out the in depth research to find them.

Currently I see market volatility with a probable move to the downside, so chances are you could pick up some Ror more cheaply over the next few trading days or into January. Will we see a New Year rally?
As they say "You pay your money and take your chance".

For me Ror forms a part of a longer term portfolio holding, so I am approaching the share on that basis.

Calling the bottom is a difficult game. On occasion I have achieved that goal with my "play dough" where I am prepared to duck in and out of shares for a short term trade - sometimes more successfully than others.

red

redartbmud
15/12/2013
17:27
Share price has as of today made no progress at all in the last 12 months
nfs
15/12/2013
16:05
APAD

I agree totally with your assessment on the subject of valation, so the share price is always likely to over-react on both the upside or downside on any general market correction or sector re-rating.
I do believe that the better quality companies rightfully command a premium over the mediocre/dross. Ror is in the quality category IMHO.
Using Yahoo finance as a reference, the volumes regularly traded are not great, so anything outside the norm is again a factor that can cause over-compensation.
I have watched intra-day movements over the last few weeks, that have thrown up swings of 40/50/60p and more, and for no apparent reason. It is good when you pick up quality on an off day, but in my case it is usually more by luck than judgement.

Good hunting if you proceed, but caution is the name of the game at present, in these fickle markets.

red

redartbmud
15/12/2013
12:48
Ta red,
I agree with your view, and it has been that way for a long time - very sound management. Very sound finances. I haven't properly dissected the bolt-ons so I will look again at the accounts with your comments in mind.

However, the valuation figures for 2012.5 that I calculate are a PER of 24. Price to cash flow of 24 and a price to Owner's Earnings of 29.

Lots of ways to calculate these sorts of figures.

However, in terms of valuation these figures look rich, particularly the price to cash flow, and any downturn will affect such highly valued shares.

In principle I am increasing speculative growth share (CLIN or whathaveyou) if I generate small amounts of cash and boring (PNN or whathaveyou) if I generate larger sums. However, ROR has slipped to under 4% of my portfolio and I might push it back into the 4/5% band.

FWIW

apad

apad
15/12/2013
11:12
Apad

I have scanned financials on Hargreaves Lansdown.
In each of the last 5 years the company has had a significant cash balance, with minimal borrowings.
Intangibles have risen as a result of significant purchses of bolt on businesses.
As it grows, I would expect there to be a greater requirement for working capital.
The half year report in August disclosed an adjusted operating margin of 25.4%, up by 3bps.

It would appear that the company is operating a conservative policy with regard to it's cash balances. It only buys what it can afford. Businesses that expand the product range and therefore provide a better offering to customers. They are working on a closer relationship wjth improved technology tieing in the added value of ongoing maintenance.

The figures serve to confirm the strength of the business.

As ever DYOR.

red

redartbmud
15/12/2013
10:46
Apad

I will look more closely at the figures, but the IMS in November stated:

Financial position

The Group continues to be highly cash generative and maintains a strong balance sheet with a high return on capital employed. Net cash balances at 27 October 2013 were £33.3m.

red

redartbmud
14/12/2013
18:14
red
Bit concerned about cash flow. Do you have a view?
21 vacancies.
Technology to kill for.
Could have bought at this price a year ago.
Thinking of topping up.
Need a reason not too!
apad

apad
03/12/2013
10:11
Don't know what was said on the Capital Market Day, but the share price has dropped about 5% since then.
jontyone
15/11/2013
10:12
PE of 23 and a yield of around 1.5% are perhaps the factors behind the blip in the share price today. In the last week the market has marked down several companies in the manufacturing sector that have improved performance over the reported cycle.
Unfortunately the better quality mid-caps have been put on high ratings by analysts. This is a general statement I know.
Because the world economy is still in recovery mode, all companies are having to work hard to grow the top line organically.
Rotork is bolting on where it sees an opportunity to enhance it's product range, and at the same time holding a healthy cash balance.
In the longer term this must benefit the business.
The market may not recognise the true value at present, or perhaps it does by the rating?
Nevertheless the true value of the company will be seen in an increased share price over the coming years, and do not discount a bid at some point in time.

redartbmud
15/11/2013
09:03
British manufacturing company Rotork said revenue in the third quarter was 13 per cent higher than year ago, driven by a higher order intake.

Order intake in the period from July 1st to November 14th was broadly in line with the prior year but cumulative order intake was up 6.9%.

Based on project activity, order intake in the fourth quarter of 2013 is anticipated to be higher than in the same period of 2012.

The order book at October 27th was £204.8m, up 7.3% on the year.

Orders in the Instruments division was up 63.1% while the Controls and Fluid Systems divisions achieved a rise in orders of 1.7% and 13.3% respectively. The Gears division was broadly similar to the prior year.

The group maintained a strong balance sheet with a high return on capital. Net cash balances at October 27th were £33.3m.

"With its broad product portfolio and diverse end market exposure, the group continues to build market share and benefit from the increased investment in its markets," Rotork said.

"Based on the strong performance year to date the board continues to expect to make further progress in the full year with margins at similar levels to the prior year."

broadwood
15/11/2013
07:20
Enough to keep the momentum going I should think.



With its broad product portfolio and diverse end market exposure, the Group continues to build market share and benefit from the increased investment in its markets. Based on the strong performance year to date the Board continues to expect to make further progress in the full year with margins at similar levels to the prior year.

broadwood
18/10/2013
14:45
Engineers putting in a strong performance today.
broadwood
15/10/2013
13:52
Big TP increase.

Goldman Sachs Rotork PLC 15/10/2013
Retains
Neutral Neutral 0 3,150.00 3,615.00 2,806.00 465 0

broadwood
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