Bodycote Share Discussion Threads

[essentialinvestor] 30/5/2019 16:27

Perhaps should had a few yesterday!. Oh well.

[philanderer] 30/5/2019 09:04

Yes, could be close :-)


Morgan Stanley upgrading to 'equal weight' from 'under weight' tp 800p cut from 830p

[essentialinvestor] 29/5/2019 19:49

TMB, luck with your holding.


Hi Phil, might be tempted to have a little nibble if this continues.
Made a low near 6.90 the last time.

[philanderer] 29/5/2019 18:47

Boeing 737 Max could be grounded for months, says airline body

[themotorcycleboy] 28/5/2019 05:09

@EssentialInvestor
Thanks for this comment re. cycles.
I'm glad there was nothing scary in that TU. I think I'll bide my time re. a BOY topup (and the same for other stocks). I remember last summer most stocks fell and we may see more of that due to political/Brexit shocks presenting better buy opportunities later on.

[essentialinvestor] 24/5/2019 08:35

Hi Phil, the outlook for rest of year is slightly stronger than I expected.

[philanderer] 24/5/2019 08:17

Morning EI , looks ok, nothing special . Keep on the watchlist :-)

[essentialinvestor] 23/5/2019 19:05

Phil, thanks for that, will have a look tomorrow.

[essentialinvestor] 23/5/2019 19:05

TMB, apologies, just seen your question.

I meant cyclical in the context of the wider economic cycle.
So as an example, a house builder is a cyclical, their profits can vary
markedly in boom/bust years - you may be more than aware of all this already.

[philanderer] 23/5/2019 18:38

Trading statement tomorrow.

[themotorcycleboy] 17/5/2019 05:03

@EssentialInvestor
I'm quite new to private investing (started March 2018). Regards your comment about it's cycle (something I'm still learning)...was it not at the end/top of it's last cycle when it peaked at about 1040 last summer? That is, is it not starting a new one (cycle) now? Bare in mind that I'm just going by the price chart, and I'm still trying to learn about cycles.

[philanderer] 16/5/2019 23:17

Still on my watchlist along with RTO, RB.,BNZL and JMAT :-)

[essentialinvestor] 15/5/2019 11:10

TMB, you mention BOY being lowly rated, not sure I agree with that.
It currently sells on approx 15x, for a cyclical in what may be late
cycle that rating looks fair to full. It could though easily
shoot up towards £9 again on a strong trading update.

[essentialinvestor] 14/5/2019 23:05

I listened to the FY webcast fwiw, very impressive.
Just depends whether this long expansionary cycle continues.
It's a quality company without doubt, but still cyclical.

[themotorcycleboy] 14/5/2019 05:26

From looking at their financial calendar hxxps://www.bodycote.com/investors/financial-calendar/ they seem to pretty random with trading update statements. The last one at 15 November 2018 titled "Trading Update for the 4 months to 31 October 2018". They also publish half year results. The next of these could be this july since this was last years: . I like bodycote and have bought them twice. I'm just surprised that they are priced so low. They have cash, diverse products and marketplaces, and seem to have a positive direction. I'm just wondering what's holding the price down. Does anyone have access to *recent* (this year) transcripts of analyst conference calls?

[essentialinvestor] 13/5/2019 09:34

There was a trading update in late May last year from memory.

[robow] 30/4/2019 07:32

from Citywire
Peel Hunt: Bodycote undervalued

Thermal processing firm Bodycote (BOY) has invested millions into new capacity and Peel Hunt says it is not being reflected in the share price.

Analyst Harry Philips retained his ‘buy’ recommendation and target price of 925p on the shares, which rose 2% to 865p yesterday.

The company has invested £216 million in new capacity since 2014 which will give it ‘a substantial accelerator for top-line growth’, says Philips.

‘Bodycote has proven its ability to manage its way through low-growth years, the potential returns from its expansionary growth capital expenditure engine are still not fully reflected in the share price and the specialist technologies are growing at more than 10% a year,’ he said.

‘This is simply not reflected in a current year price/earnings of 15.6 times and the stock continues to be one of our core recommendations.R17;

[essentialinvestor] 25/4/2019 23:00

SNR update may be worth a look re Boeing Max work.

[philanderer] 12/4/2019 08:51

12th april Goldmans sell tp 715p

reiterates

[philanderer] 01/4/2019 08:51

1st april UBS 'neutral' tp 815p cut from 840p

[essentialinvestor] 28/3/2019 12:40

What all this means for Bodycote is more difficult to say.

If the fix is acceptable and confidence can be restored in the Max,
it should hopefully have little impact. However, a longer delay and any lingering
doubts that lead to order cancellations would potentially be more problematic.

My very rudimentary take.

[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.