Bodycote Share Discussion Threads

[nerja] 07/11/2019 13:35

Where is this going to, some ride today?

[philanderer] 26/10/2019 00:49

Thanks dmk.

From earlier this week..

'Bodycote opens new heat treatment facility in Prague'

[dmk9855] 25/10/2019 17:58

Interesting reference to BOY

[philanderer] 25/10/2019 17:42

EI, toss up between BOY and SNR for me . Maybe 50% in each ? ;-)

[essentialinvestor] 25/10/2019 15:21

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.

[philanderer] 25/10/2019 12:23

Afternoon EI. Impressive performace today on a poor market day.

[essentialinvestor] 25/10/2019 10:52

If we were to head back in to recession and some of the huge
Airbus/Boeing backlogs begin thinning out, that may hit hard.

The industry has around 4 years of backlog work atm, from what I've read.
However much of that can still be cancelled pre production (is my understanding).

[essentialinvestor] 25/10/2019 10:41

I would not be too concerned about the MAX re Bodycote - unless it failed recertification.

What's weighing on the BOY price atm is car/light truck exposure, coupled
with their general industrial business- at least that's my take


Aerospace is less than 30% of their total business, so the MAX program
within that segment might be a few % ? - at a guesstimate.

[essentialinvestor] 25/10/2019 10:39

Just sold another few @ 6.9248.

[philanderer] 25/10/2019 10:33

Boeing 737 Max Lion Air crash caused by series of failures

[philanderer] 23/10/2019 18:21

Evening EI , you're almost turning into a day-trader ;-)

Well done :-)

[essentialinvestor] 23/10/2019 13:51

Hi Phil, hoping this may come back a bit.
Sold my MNG at the open btw, was slightly fortunate on timing.

[philanderer] 23/10/2019 13:34

'Boeing reveals fresh MAX crisis earnings slump and fires plane boss'

The company brings in a fresh face to lead its troubled commercial planes division as the 737 MAX crisis takes its toll.

[essentialinvestor] 23/10/2019 08:47

Bought a small amount back on that opening dip.

[essentialinvestor] 22/10/2019 13:44

Sold another few this morning just in case the growing MAX crisis impacts sentiment.

Intend to add back lower down, if given the opportunity.

[essentialinvestor] 22/10/2019 00:05

At the earliest should be underlined.

Listening to one of the conference calls the CEO mentioned
no impact from the MAX atm as there was a significant lag of up
to 2 years on their input - at least that was my takeaway.

Surprised by that and wonder why SNR is seeing a more immediate
impact, the two companies must be involved at different process stages.
SNR may also have a higher exposure to the MAX programme perhaps?.

[essentialinvestor] 17/10/2019 13:12

Sold a few on the Brexit related bounce for the MCX.

[essentialinvestor] 17/10/2019 10:37

Nice start.

[essentialinvestor] 16/10/2019 17:05

Rob, I notice the CFO's other half bought a chunk just over £7 recently.

Need to be careful reading too much in to that, however better than a sale.
A lot depends whether this slowdown morphs in to recession.
The current share price may only factor in a slowdown. There is high operational
gearing here.

[robow] 16/10/2019 16:57

you seem to be having a positive effect

[essentialinvestor] 16/10/2019 16:51

Nice intra-day reversal, added another few today between 6.39-6.46
The volatility here makes this unsuitable for those wanting a quieter life.

[essentialinvestor] 15/10/2019 15:11

Doubled up a small holding @ 6.42.

[essentialinvestor] 03/10/2019 11:39

SLA reducing.

[essentialinvestor] 06/9/2019 19:08

Bought a few at 6.96 recently, hoping for lower to add.