Bodycote Share Discussion Threads

[retroz3] 03/1/2008 10:41

Anyone know reason for the drop this in share price this morning?

[bigboyo] 03/1/2008 10:39

shiny1000 and masurenguy

sure,

we cann all see a bid of 300p when the share price is 177p DUH !

[masurenguy] 03/1/2008 10:08

"shiny1000 - 2 Jan'08 - 159 of 160: I can see a bid of £3.00+ here.....these are an absolute steal!"

Even more so today !

[pmitchell] 03/1/2008 09:44

Shiny, you really are an idiot!!!

[shiny1000] 02/1/2008 15:11

I can see a bid of £3.00+ here.....these are an absolute steal!

[bornagaintrader] 27/12/2007 08:19

I agree also looks like it has hit its bottom and could easliy go up to 200 very quickly

[shiny1000] 24/12/2007 10:31

watch this fly in the new year!!!

merry chrimbo y'all!!!

[shiny1000] 21/12/2007 14:06

Markets can be fickle as they are now, watch this turn around very quickly, looks like the bottom has been reached.

[shiny1000] 19/12/2007 16:24

So Sulzer, preoccuppied, don't bet your bottom Dollar...you will all be supprised and who says I'm ramping.

[j l] 19/12/2007 13:54

Bodycote International

Share purchases by its chairman and deputy chairman failed to prevent the mid-cap heat treatment engineer from sliding more than 10 per cent, the biggest fall in the FTSE 250.

Such moves have become customary for capital goods producers, which state they will only meet full-year numbers. Bodycote confirmed that sales and operating profits will be "within the range" of market forecasts. Encouragingly, organic sales growth in constant currency terms rose to 8 per cent in the second half, from 7.3 per cent in the first, reflecting continued strong demand from the oil and gas, power generation and aerospace sectors.

What disappointment there was lay in Bodycote's testing division, where the reassurance of a 10 per cent rise in sales was offset by the impact of start-up costs and the rationalisation of its North American automotive operations, which will dent margins. The other niggle was that the company, which has £70 million of firepower for acquisitions, has not delivered any of the bolt-ons it has previously promised.

Bodycote's problem is that a short order book for its core thermal division gives limited predictability of earnings. Meanwhile, Switzerland's Sulzer, which walked away after tabling a 344½p-a-share offer in April, now appears more preoccupied with the demands of an activist Russian investor. This means that at 180p, or nine times 2008 earnings, the shares can be no more than a hold.

[j l] 18/12/2007 20:34

Well done!

[topcar] 18/12/2007 20:27

Eastbourne, Topcar post 122, 1.80 beckons !!

[j l] 18/12/2007 20:12

Sulzer 346.5p/share

"The Board continued to believe that this undervalued the Group and its prospects and would not have been prepared to recommend an offer at this level."

Sulzer 246.5p/share

"... The offer represents a premium of 37% to the share price of Bodycote (180p) before the announcement. The Board believes this represents a fair value for the Group and its prospects and recommends the offer at this level."

Long on this stock, I am. 246.5p, my target is.

[mikey34] 18/12/2007 16:15

Wad collector,

I`m with you.....no cause for concern in statement...directors buying...we should see a bounce...even with neg sentiment generally.

[wad collector] 18/12/2007 16:08

This is bizarre ; soid statement , 2 fair sized director buys , and yet down it goes.

[salpara111] 18/12/2007 15:42

Look at the P/E rating and then look at some other engineering companies, the reality is that a rating of 12 is pretty good today where 15 was the norm 6 months ago, if you were to apply that to BOY then you would head back to 155p territory.
If we get back to 155 level then I would look to buy but right now there is just way too much negative sentiment in the market

[shiny1000] 18/12/2007 15:36

This is total manipulation, ia a few weeks time these will be trading beyond £2.75+....markets dictating terms at the moment.....absolute steal at these prices!

[shiny1000] 18/12/2007 15:25

I agree the company ballsed up with the bid...who says there wont be another bid and not just from Sulzer!!!

[shiny1000] 18/12/2007 15:02

yes keep nibbling away.

[shiny1000] 18/12/2007 15:02

yes keep nibbling away.

[salpara111] 18/12/2007 13:33

Yes they had a bid and the morons turned it down!
I wonder how many institutional investors will be putting in a call to the CEO asking if he was perhaps acting more in his own interests than shareholders when he turned down a pretty generous offer....hmmm

[carterk] 18/12/2007 13:32

Sure is going like a rocket Shiny, one thats run out of fuel. Did you back up your post by going long?

[tday] 18/12/2007 10:06

Insti's dumping this share - and many others.