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? |
I was looking at a target entry price of 700...... |
Certainly was a bargain last Spring, recovered well will look for a pull back to enter the arena |
Safe to say this is a very well run company who's two major markets are incredibly
challenging atm.
Hold a small amount but not particularly minded to add atm.
Any other or different views appreciated?. |
Ahh the new new...20pc drop in turnover and 45pc drop in profits for the first 6 months....coupled with 'we haven't got a clue' style outlook, going forward....which will hopefully improve...but who knows. |
Bodycote has made itself more resilient and now looks worth a punt |
Surprised at the rapid bounce. |
How does anybody view bodycote their revenues going forward? Surely revenues must be falling off a cliff especially what will be expected to happen in the aerospace and automotive industry now. |
Results came out today - what a day to release them!
Main clients auto & aero - not a great combo. |
Well done those who bought low down... looks to be a good acquisition announced today. |
Bodycote Plc : UBS raises target price to 1000p from 845p
* Bodycote Plc : UBS raises to buy from neutral. |
Missed the boat here, but I didn't go into SNR either. So swings and roundabouts ;-) |
Where is this going to, some ride today? |
Thanks dmk.
From earlier this week..
'Bodycote opens new heat treatment facility in Prague' |
Interesting reference to BOY |
EI, toss up between BOY and SNR for me . Maybe 50% in each ? ;-) |
Hi Phil, there is a degree of the share price making up lost ground on
the broker price cut earlier this week. That being said a 10% move in either direction is pretty routine for Bodycote. Really like this longer term as
they may be in a sweet spot, highly cyclical though. |
Afternoon EI. Impressive performace today on a poor market day. |
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