Rws Share Discussion Threads

[microscope] 28/12/2016 17:30

Agree with all of that Jeffian. Yes his age is undoubtedly of note, hoping if he does retire that he has already made sufficient of a mark on LTG to pass it on in good hands.

Purely a hunch he might be inclined to stay longer at the less established company to take it further forward.

As I said I think LTG has still work to do and therefore carries higher risk than RWS, but I like everything I've seen to date.

[jeffian] 28/12/2016 17:18

I've had a quick look at LTG accounts and RNS's. Seems to follow a very similar 'MO' to RWS - cash in the bank (until latest acquisition), cash generative, growing by targeted acquisitions. Certainly the Brode style - although he's not Executive there - and he's been very successful at RWS. He is getting on a bit, though.........

[microscope] 28/12/2016 17:04

Perhaps 'stable' was exaggerating a touch! :) Top man though, am trusting him to build LTG in a similarly successful way to this classy company

[jeffian] 28/12/2016 11:14

Thanks, microscope. I wasn't aware Brode had a "stable"! He's certainly done me proud with RWS so I'll take a look at LTG.

[microscope] 28/12/2016 10:47

Put this up as my share for 2016 in post 473 on Jan 2nd, price has risen from about 220p to 325p - about 48% gain. Very happy with that, was never going to be a multibagger, just a strong outperforming quality share.Could not put anyone off staying with it for 2017, with further growth on the cards. For 2017 though going for the slightly riskier LTG. Another inmate of the Andrew Brode stable and will be putting a post on there fairly soon, at just over 34p, with my thoughts.

[phillis] 21/12/2016 13:03

nice little New Year present

[henryatkin] 06/12/2016 07:35

:-)) The smile says it all

Financial Highlights:

Delivered record revenues and profits ahead of market expectations
· Sales increased by 28% to £122.0m (2015: £95.2m)

· Adjusted operating profit* was up 40% to £32.0m (2015: £22.9m)

· Adjusted profit before tax* rose by 35% to £30.6m (2015: £22.7m)
- Reflects 10% underlying profit growth, 2% positive exchange rate movements and 23% from CTi's contribution since acquisition net of associated loan interest costs

· Reported profit before tax was up 21% to £25.1m (2015: £20.7m)

· Adjusted earnings per share* of 10.9p (2015: 8.1p), an increase of 35%

· Final dividend of 4.45p (2015: 3.85p); total dividend increased by 15% to 5.6p (2015: 4.88p), continuing an unbroken series of dividend increases since flotation in 2003

· Net debt at year end of £1.5m (2015: £30.6m net cash), after £47.1m acquisition in October 2015

[phillis] 05/12/2016 11:03

Results tomorrow
Only issue is effect of UPC agreement on the number of filings (and translations)
Fingers crossed

[phillis] 25/11/2016 12:48

there was an article in the FT this week that China had passed more than 1million patent filings this year to date!

[phillis] 03/11/2016 13:18

worm - you are filtered

[larva] 02/11/2016 20:16

Stop panicking everyone

Trump won't see this fall more than 100p when he gets elected in a few days

[jg88721] 11/10/2016 19:24

yes, very hard not to like that statement. progress seems good across the board too including the core translation business (which I was a focus of mine). well done RWS

[microscope] 11/10/2016 08:52

Lovely statement. 300p by year end?

[nfs] 11/10/2016 08:38

Full year eps should be about 12p I think And debt almost goneVery strong statement

[henryatkin] 11/10/2016 08:10

Very good trading statement wipes out any currency concerns.

[jeffian] 10/10/2016 14:12

My point was that by hedging and thereby effectively fixing the exchange rate, there is unlikely to be much or any impact on forecast earnings up to March 2017. Thereafter, if the £ stays weak against the € and $, the effects will be beneficial.

[microscope] 10/10/2016 13:17

Not too sure. Rate is almost 90p now, a fair way distant from these hedging levels

[jeffian] 10/10/2016 13:00

Probably not much in the short term. They tend to hedge exchange rates -

"Net estimated Euro trading exposure hedged at an average rate of 1 Euro = 75.4p to 30 September 2016, and at 80.5p from 1 October 2016 to 31 March 2017"

[martinthebrave] 10/10/2016 12:54

Any idea what the currency exchange impact will be here?