Looks like this is breaking out |
Bodycote Plc issued a trading update for the 4 months ended 31 October 2022 this morning. Total Group revenue for the period grew by 29% on last year to £258m. The revenue figure benefits from price increases and energy surcharges of approximately 15% in total which have successfully covered all of the Group’s cost inflation in the period. So the business is growing back towards pre-COVID levels of activity and margins are being successfully defended. Management expect the Group to deliver FY22 results in-line with market expectations and the balance sheet remains solid with net debt at £59m. Valuation is average with forward PE ratio around 13.2x, PS close to 1.7x. Share price looks to be putting in a floor through H2, the macro environment is the main risk. BOY looks to be a solid Mid-cap Industrials name where business is recovering and at a decent price. But it is still a share to monitor for now...
...from WealthOracle
hxxps://wealthoracle.co.uk/detailed-result-full/BOY/623 |
Would help if they stated market expectations |
Decent update. Cost increases passed on nicely |
Well the tripple bottom seems to have gone - so for me it's about timing - I am about one third cash (wish it was 50%!) so I need to sort my target list currently:
BOY
SGRO
DGE
UPS
DIS
CP.
RMD
SHED
BBOX
PLTR |
Toffee, think that would be a longer term steal unless the world as we
know it is ending. |
will BOY reaching 400 coincide with a VIX above 40? |
Toffee, BOY are very heavy energy users as you may be aware.
It's a quality business, astute CEO but also highly cyclical. |
About 400 give or take the panic on the day |
Toffee, interesting - can you confirm the 2020 share price low, thanks. |
Tripple bottom?
I am using BOY as one of my stock indicators to try and understand the recession. I am looking for a drop below the 2020 low as a key point. |
Had a small amount, however would expect the next update to be significantly less sanguine. |
Had a very small amount,
may add on a bad day |
Toffee, MRO heavily lower today will not have helped here. |
I think Poland and Romania are pretty Putin proof |
Need to look at where in Eastern Europe they have relocated significant
amounts of manufacturing to.
Don't want to find it's a country next on Putin's wish list. |
Well it's reached my target but I've not bought yet - chart looks like further to fall. |
yes i remember that. one of the areas of the restructuring was to pivot towards becoming oem for ev given that there would be some drop off from ice. |
They also benefit from automotive transition to EV - that was mentioned on a conference call 2 years ago - so may not be up to date information. |
the more the merrier! dont think its that expensive. growth in eps from 21 to 22 is expected to be about 30% taking consensus f/c so it paints the fwd pe of 16.5 which is close to historical avg in a different light since you are getting much more growth than avg. i wouldnt particularly consider the 2020 pe nor 2021 as a major guide given both years were those of upheavel after covid. 22 and 23 promise to be much better. and if they go towards the lower end of their range (sp) i think they are a candidate to go the way of meggit and co. |
Oh, you beat me to it rt.
Quality company, near debt free, rate the CEO, not particularly cheap,
but then you are paying for their cash generation and decent history.
Usually gets hammered on risk off sentiment and as a result worth consideration
on a bad day, I flipped a few bought yesterday morning and they are on my buy list
again should the Russian situation worsen and markets react.
Decent longer term hold if that's what you are after - but still a cyclical.
They are geared to the recovery in civil aerospace.
Very heavy energy requirements with this business, but should be able to pass costs on.
Auto/aerospace their main markets, also exposure to general industrial. |
youd expect aero auto and defence to have bounced back with a better 12 month outlook too. while higher energy prices are a recent drag no doubt, in the update late last year they said they were passing on those and labour costs too. a solid company that will get to the other side. 676 was the pre-vaccine close. on 16.5 for 22 dropping to 14.5 for 23. looking out aero and auto should really gain legs in second half of this year but they should start seeing benefits already. |
wow 2 posts since 2020 - is this the most under the radar company on the stockmarket? |
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