Bodycote Share Discussion Threads

[essentialinvestor] 28/3/2019 12:27

Just reading reports it looks like Boeing will retrofit aircraft
with an additional safety feature, which was unbelievably an optional cost addition,
and the new software fix - if this fix is passes the various regulatory
hurdles.

That a safety feature was a cost option is stunning, and points
to some deficiencies in Boeing leadership culture.

[philanderer] 28/3/2019 00:27

Boeing has issued changes to controversial control systems linked to two fatal crashes of its 737 Max planes in the last five months.

But it's still not certain when the planes, that were grounded worldwide this month, will be allowed to fly.

Investigators have not yet determined the cause of the accidents.

[essentialinvestor] 25/3/2019 10:24

The first big cancellation of the Max with Indonesian airlines statement last week.

[philanderer] 21/3/2019 09:59

Berenberg downgrades 'buy' to 'hold' .........tp 940p up from 900p

[philanderer] 15/3/2019 10:07

updated:

15th march Deutsche hold tp 810p
14th march RBC outperform tp 1000p
12th march Liberum hold -
11th march HSBC buy tp 1040p
11th march JP Morgan neutral tp 840p
8th march Peel Hunt buy tp 925p
8th march Liberum hold tp 740p

8th march ++++ Final Results ++++

[philanderer] 14/3/2019 10:02

RBC reiterates 'outperform' ... tp 1000p up from 950p

[philanderer] 13/3/2019 12:07

Losos, shed roof all done now, two handed with help from my brother 👍

[losos] 13/3/2019 11:19

Phil - Take care on the roof, that happened to me a few years back.

SP up again today, looking good now to 'break even' haha.

[philanderer] 12/3/2019 17:51

Good call guys.

[meijiman] 12/3/2019 10:58

Yes that must be a concern if they have exposure to LEAP. More airlines deciding to ground the Max.

[essentialinvestor] 12/3/2019 10:43

Boeing weighing?.

Major customer.

BOY big on the LEAP program.

[philanderer] 12/3/2019 10:03

Liberum 'hold' .. reiterates

[philanderer] 11/3/2019 14:17

Hi Losos , agree with you re FTSE250 companies. My favourite last year was SPX which has now joined the FTSE100 and I continue to hold. Also like and hold VSVS and SYNT.

Back on the shed roof now , I lost half the roofing felt in that wind yesterday :-)

[essentialinvestor] 11/3/2019 13:03

Aerospace is the big market for BOY, they have no exposure to small diesel cars
btw, or diesel cars in general, on my understanding.

I was tempted to buy a few Senior last week at 2.16, and perhaps should
not have hesitated.

[essentialinvestor] 11/3/2019 10:17

From some of the analysts questions it appears they think BOY is up against
tougher comps in Q1 2019. That may explain the lack of upgrades.

[philanderer] 11/3/2019 09:52

11th march HSBC buy tp 1040p cut from 1100p
11th march JP Morgan neutral tp 840p cut from 855p

[essentialinvestor] 10/3/2019 13:43

Hi Phil, appreciate the view, thanks.

[philanderer] 10/3/2019 00:36

Evening EI.

I've only a handful of these and have been waiting to see how the car making slump had affected the company. Seem to have done well despite of the slowdown . Other than that, well diversified, quality management and high barrier to entry.

I like the company and will probably add a few more on any pullback.

[essentialinvestor] 09/3/2019 11:30

Hi Phil, listened to most of the results conference call yesterday. Very impressive.

Only real negative is a high level of operational gearing in this
business, any slowdown seems to have a disproportionate impact
on the bottom line, as per the 2015 results year.

In that respect would be similar to a stock like AHT or SKG.

Would be interested to hear your take.

[philanderer] 09/3/2019 00:30

'Bodycote blows away forecasts with high-performance results'

[philanderer] 09/3/2019 00:28

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

[jacko54] 19/12/2018 14:56

Yes looking at the price those last few weeks. I'm sure we can find better chart guy than me. But apparently we are breaking it as we speak. Hope it's for long! J.

[essentialinvestor] 19/12/2018 14:17

Jack, you got a TA view here? Thanks.