Bodycote Share Discussion Threads

[cockneyrebel] 09/8/2012 20:15

And a nice breakout too now:

[cockneyrebel] 07/8/2012 13:54

Nice bowl imo:

[northernlass] 31/7/2012 09:10

Investors Chronicle Tips Bodycote

BODYCOTE 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:

[northernlass] 31/7/2012 09:07

Profits Rise 9% to £43m

BODYCOTE PROFITS RISE NINE PER CENT TO £43M

Engineering giant Bodycote posted a near-nine per cent hike in interim profits as sales topped £300m.

Bodycote, which has its headquarters in Macclesfield, announced pre-tax profits of £43.8m for the six months to June 30, up from £40.3m, and increased its first-half dividend by 11 per cent to 4p.

Sales grew 4.5 per cent from £288.2m to £301.3m, boosted by strong growth in aerospace, oil and gas and from the automotive market in north America, which offset weaker demand from the sector in Europe.

Bodycote, which heat-treats jet landing gear and engine turbine blades as well as other parts for plane and car makers and energy and defence businesses, is investing in new facilities in Toulouse and in Jinan, China, and is expanding its operations in Mexico and Ohio.

The firm paid £32.6m in April for the heat treatment business of US business Curtiss-Wright Corporation, which Bodycote said had performed ahead of expectations. Bodycote chief executive Stephen Harris, above, hailed a strong first half performance despite weaker demand in Europe, and said growth in aerospace and energy together with new technologies is expected to counter the effect of slowing economies in the second half.

Source:

[toffeeman] 26/7/2012 15:39

HI CR - if only one person could have that effect on the market! Results looked ok to me but not good enough to break out of the downtrend. I ran a long from 311 and sold at 328 - keeping an eye open for another trade.

[cockneyrebel] 26/7/2012 15:23

Mechanical Trader is the kiss of death - these might have risen today had he not been here imo.

Investec slashed their target, that hasn't helped either imo.

CR

[toffeeman] 25/7/2012 16:45

Closed just above the downtrend - punters chasing it up today but then closed ahead of results tomorrow. If it closes above 327.5 tomorrow then I will be tempted to go long a close blow would suggest a test of 300 as the long-term support.

[mechanical trader] 20/7/2012 16:50

BOY

Worth keeping on the TA watch list. Looks like one massive FLAG pattern on the chart aswel. Id give 48 hours for break of 340p to be confiirmed.

[toffeeman] 19/7/2012 21:13

We are all newbies - every trade is made by a newbie it's just that some are newer than others - I count myself as a perpetual newbie.

[deej4y] 19/7/2012 20:52

Thanks Toffeeman, I'm a newbie to all this, so any info is all helpfull.

All the best

[toffeeman] 19/7/2012 20:28

deej

I always use guaranteed stops because I have been hammered using non-guaranteed stops once too many times and as a result I am now a more conservative trader.

For example BOY report on July 26th if the market reacts badly it could easily fall through the 300 support line and I wouldn't want to get burned.

IG guaranteed stops are 10% away from the prevailing price so that gives a decent safety margin.

Also I believe that IG stops are triggered on the basis of trades not spread.

Cheers and best

[deej4y] 19/7/2012 18:47

Toffeeman,

I had my spread with IG. They work off what the bid or offer price is at the time.

I just won't bother with stop losses from now on. I have had fingers burned a couple times.

Thanks

[toffeeman] 19/7/2012 12:06

Hi CR:


July 17 JP Morgan cuts Bodycote PLC price target to 340p from 437p; rating

July 12 brewin cuts Bodycote PLC price target to 320P from 410P; rating

June 15

BofA Merrill Lynch cuts Bodycote PLC to underperform from neutral
BofA Merrill Lynch cuts Bodycote PLC price target to 400p from 470p

Long with a limit at 350ish!

[toffeeman] 19/7/2012 12:02

Deej

There is often a large spread on stocks when the market opens - but as I understand it a stop can only be triggered via an automatic trade - and there wasn't one at your stop level.

[cockneyrebel] 19/7/2012 11:20

Interims on the 27th - there's a lot of bad news in the price here imo - too much in fact I'd say.

Reckon these could have a 10% bounce here easily imo.

CR

[deej4y] 18/7/2012 10:54

I queried it and Mark was correct. When it 1st opened there was a large spread, which took me out. Thanks for your replies

[deej4y] 18/7/2012 07:12

Thanks Toffeman, I am going too. Something isn't right.

[snatander] 17/7/2012 22:29

Still think this is going towards 284p where i think i bought in

[toffeeman] 17/7/2012 21:38

Dee I can't see how you were stopped out at 299 - the lowest priced sale was 483 shares at 308.6 at 11.52. The spread should only matter if a trade goes through at that level. I would argue the case with your dealer.

(Long - looking for a bounce to 340 but it's not looking good!)

[deej4y] 17/7/2012 17:45

Thanks Mark, That really annoyed me. Live & learn I suppose.

[markfurn1val] 17/7/2012 17:34

I noticed there was a really wide spread this morning, so even though the mid-price was nowhere near that low, you were probably stopped out then deej4y

[deej4y] 17/7/2012 17:08

Did anyone get stopped out today? I had a long spread with a stop at 299, but got stopped out at 296. The Intraday for today doesn't show the share price getting anywhere near that.

[troutman2] 13/7/2012 20:57

Who can you make you happy ?
the Gandi Man can.

[troutman2] 12/7/2012 19:56

Normally it would, but what's normal ?, were in a bear market, even stellar results don't count for much when the markets are like they are nowadays, sad but true, but you can always hope, I hope.