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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bodycote Plc | BOY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -3.00 | -0.44% | 676.00 | 12:49:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 669.00 | 665.00 | 680.00 | 679.00 |
| Industry Sector |
|---|
| INDUSTRIAL ENGINEERING |
| Top Posts |
|---|
Posted at 14/5/2019 06:26 by themotorcycleboy From looking at their financial calendar hxxps://www.bodycote |
Posted at 09/3/2019 00:28 by philanderer Investors Chronicle:'Bodycote boosts margins' IC View Bodycote has proved a consistent income play over the past few years, this year offering an overall dividend yield of nearly 5 per cent. We think that the shares – normally well supported – are undervalued on the back of a general market movement, leaving them at 15 times forward earnings and at a discount to their two-year history. We move to buy. Last IC View: Hold, 1,028p, 27 Jul 2018 |
Posted at 30/5/2018 22:20 by losos cheshire pete - I prefer if the company is not always in the media glare and subject to private investors whims. Overall the $/£ exchange rate must help them I think. Wish there were more companies like them. |
Posted at 30/5/2018 19:39 by cheshire pete Linhur, Seen this many times with BOY over the years. Strong institutional support for this quality company but suspect only on the radar of relatively few private investors and this may be behind the lack of comment. Maybe some comment tomorrow from press / city pundits. |
Posted at 16/11/2012 08:24 by bluebelle INTERIM MANAGEMENT STATEMENT 16 NOVEMBER 2012 Bodycote is issuing its interim management statement covering the period from 1 July to 15 November 2012. The financial and operational data set out below relates to the four months from 1 July to 31 October 2012 (the "period") unless otherwise stated. All comparative comments in this statement reflect comparisons with the corresponding period in 2011. CURRENT TRADING Reported revenue growth for the period was 2.9% (7.6% at constant exchange rates, of which organic growth accounted for 2.6% and 5.0% came from acquisitions). Sales in Aerospace, Defence and Energy were ahead by 14.4% (15.9% at constant exchange rates), with organic growth at 10.4% and acquisitions added 5.5%. At constant exchange rates sales in Western Europe improved by 14.2%, all of which was organic. In North America, revenues, at constant exchange rates, grew 17.5% of which organic growth accounted for 7.1% and acquisitions 10.4%. Revenues from the commercial aerospace sector showed further growth, driven by increases in OEM production. The defence sector remained stable. Sales into oil and gas customers continued to improve. Industrial gas turbine demand was good in North America but remained subdued in Europe. Automotive and General Industrial revenues were lower by 5.2% but at constant exchange rates were ahead 1.8%, with organic sales lower by 2.9%. In Western Europe sales at constant exchange rates were down by 2.9%. There were no acquisitions in the period. In contrast North America increased organic revenues, at constant exchange rates, by 6.5% and acquisitions added a further 32.2%. Emerging market revenues were weak in all territories. In Automotive and General Industrial, car, light and heavy truck sales exhibited modest growth in North America and remained soft in continental Europe. General Industrial revenues showed small improvements in all territories. ACQUISITION On 15 October, Bodycote acquired the business of Carolina Commercial Heat Treating, comprising six facilities in the South Eastern USA, together with an additional facility in Southern Indiana for a total cash consideration of US$67.4 million. The majority of the business serves the general industrial hinterland of the Carolinas, Georgia, Alabama and Tennessee, including some key customers in off-road vehicle and heavy truck manufacturing and a growing presence in aerospace and energy markets (c.15% of sales). Sales to the car and light truck sectors represents some 23% of the business. This acquisition represents a considerable step forward in the delivery of Bodycote's strategy in North America. FINANCIAL POSITION Net borrowing at 31 October was GBP33.7m, compared to GBP16.7m at 30 June 2012, reflecting the trading performance outlined above, normal seasonal cashflows and the acquisition costs of Carolina Commercial Heat Treating. OUTLOOK Although trading remains volatile, the sales momentum we have seen in October and early November offers support for the remainder of 2012 and consequently the Board's expectations for the year to 31 December 2012 are unchanged. Investor Conference Call Stephen Harris and David Landless will be hosting a conference call for analysts and investors at 0800 hours today (16 November 2012). |
Posted at 12/11/2012 14:50 by speedsgh There was an IMS on 8 Nov last year. Nothing so far this year + can't find anything listed on the BOY website - Does anyone have any idea when we may be getting an IMS from BOY? |
Posted at 16/10/2012 09:04 by bluebelle BODYCOTE PLC ACQUIRES CAROLINA COMMERCIAL HEAT TREATING BUSINESS FOR US$ 68 MILLION MACCLESFIELD (U.K.) - Bodycote plc (LSE:BOY), the world's largest thermal processing services provider, announced today that it has acquired the business of Carolina Commercial Heat Treating (CCHT LLC) comprising six facilities in the South Eastern USA, together with an additional facility in Southern Indiana. The business was acquired from Bluewater Thermal Solutions LLC (Bluewater), for a total cash consideration of US$68 million. Bodycote has not acquired any interest in the remaining ten facilities owned by Bluewater in the Great Lakes region of the USA. The consideration of US$68 million has been met from existing cash resources and bank facilities. In the twelve months to September 2012 the business delivered EBITDA of US$11.7 million on sales of US$34.9 million. The acquisition is expected to achieve a return on investment well in excess of Bodycote's cost of capital and be accretive to earnings in the first year of ownership. The majority of the business serves the general industrial hinterland of the Carolinas, Georgia, Alabama and Tennessee, including some key customers in off-road vehicle and heavy truck manufacturing and a growing presence in aerospace and energy markets (c.15% of sales). Sales to the car and light truck sectors represents some 23% of the business. Commenting on the acquisition, Stephen Harris, CEO of Bodycote said: "The acquisition of this pre-eminent heat treatment business in the South Eastern USA and Southern Indiana represents a considerable step forward in the delivery of Bodycote's strategy in North America. The business is of high quality and has few local competitors. This region of the USA continues to be amongst the highest recipients of inward investment in North America with many domestic and overseas corporations establishing facilities and supply chains in the area. The recent announcements from both Boeing and Airbus concerning their new manufacturing operations in the region underscore this trend. We expect the business to become more focused on aerospace and energy markets over time as the supply chains for these industries expand. The acquisition also represents the first meaningful exposure for Bodycote to the off-road vehicle and heavy truck market in the USA. While demand from these particular sectors is expected to be lower in the near term, the medium and longer term prospects for this part of the business offer attractive returns". Commenting on trading for Bodycote globally Harris added: "Trading for the period 1 July to 30 September 2012 was volatile, but overall has been in line with expectations". Bodycote will publish its interim management statement on 16 November 2012. Investor Conference Call Stephen Harris and David Landless will be hosting a conference call for analysts and investors at 1000 hours today (16 October 2012). |
Posted at 31/7/2012 09:10 by northernlass Investors Chronicle Tips BodycoteBODYCOTE COPES WITH HEAT Much is made of Bodycote 's heavy exposure to Europe and the inevitable currency impact. Yet the heat treatment specialist makes more money from fast growing sectors, like aerospace and energy, than anything else, which should offset turbulence elsewhere leaving the shares looking too cheaply rated. That said, management admit that 40 per cent of the business the automotive and general industrial operations in Europe is softening. French car manufacturers are struggling and Germany was weaker in the second quarter. This has rippled out to Poland and the Czech Republic and China has been a "bit less exciting". Still, these trends have been well-flagged and weaker demand in emerging markets just 10 per cent of sales isn't expected to last. Significantly, 60 per cent of the business is in growth mode. Cars and trucks are still selling well in North America and sales to the aerospace and defence industry grew nearly a fifth during the period, with the headline operating profit margin having hit 24 per cent. That trend is unlikely to change given the production ramp-up at Boeing and Airbus. Elsewhere, revenue from oil and gas work was up a third, and North American mining and agricultural equipment made a big contribution, too. Investec Securities has trimmed forecasts for full-year adjusted pre-tax profit by 4 per cent to £88m, giving adjusted EPS of 34.8p (from £80.9m and 32.1p in 2011). IC VIEW: Bodycote carries little debt and pays a decent dividend. Demand from aerospace and energy markets is growing fast, too, and a forward PE ratio of nine factors in a weak Europe. BUY. Source: P.S. Here's some links about SCLP, one of the hottest stocks at the moment: |
Posted at 14/10/2010 05:46 by drectly from the IndeBodycote International Our view: Buy Share price: 301p (+25p) Some good tidings from Bodycote International, the engineering group, which yesterday said full-year profits would be at the top end of analysts' forecasts. The shares duly jumped, continuing an impressive rise over the past year which has seen the stock soaring by more than 60 per cent. Of course, this is the sort of good news that gets some investors nervous that they may have missed the boat especially with the order book looking short and visibility about what lies ahead low. Nonetheless, we're pretty impressed and even taking account of the gains, trading on 12.4 times 2011 forecast earnings, the shares sit at a slight discount to the sector. The dividend yield of more than 3 per cent is also healthy compared with rivals. It's probably the case that the shares are approaching fair value, but we would suggest that there is still some juice left in the tank. So buy. |
Posted at 02/3/2009 04:58 by drectly bookbroker, agree their financial position (thanks to last years sale) is strong, in the present climate you would anticipate a bit more of a premium for relatively safe divi, good yield and potential growthAs realisticly a long time to see good growth, short term price of little consequence from Telegraph - Questor, missed before, it is generally positive Bodycote 108p +4p Questor says Buy LONG-STANDING investors in Bodycote International should be well accustomed to wearing their tin helmets as the metals engineer has seen its share price tumble sharply over the past two years. Yesterday, there was further bad news. The specialist thermal processing company fell into the red, unveiling a full-year pre-tax loss of £55.3m, compared to a £60.6m profit in 2007. To cut costs, it also revealed plans to slash 1,500 jobs and close or combine 31 of its sites. The market, however, has braced itself for a tumble in profits and responded well to the figures. The total cost of reorganising the group will be £85m of which £77.6m has been charged to 2008's figures but will save £18m a year. New chief executive, Stephen Harris, described the economic and trading environment as "difficult" but said the restructuring will allow it to cut down its cost base but concentrate on areas presenting "strong growth opportunities for the future". A quarter of sales are from treating metal parts for cars where there is understandably less demand nowadays. This business is higher volume, but generates lower profits so the group will move away from this to other specialist markets. These will include treating jet engines where aerospace makes up 20pc of sales and oil and gas pumps, which makes up a further 15pc of sales. Questor last looked at Bodycote in November just after its shares had tumbled by a fifth after the group warned of a drop in profits and halved its payment to shareholders from the sale of its testing business to 40p a share. Investors who followed advice to hold onto the shares at 96p would be pleased to see Bodycote lift its total dividend 3.8pc to 8.3p. With the shares currently yielding 7.6pc and trading on 6.5 times forecast earnings, there are signs of the group stabilising. For the bold, buy. |
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