Renishaw Share Discussion Threads

[pip_uk] 26/1/2011 12:44

What a great British company, we can take on the best in the world.
Why have I been dabbling in the latest gold mining sensation with a quality company like this on the doorstep.
Anyway I`m in for the future, which with their bulging order book and job vacancies the outlook is really positive.

[cockneyrebel] 26/1/2011 12:43

Altium have upgraded this year by 10.4% and next year by 11.5%

Based on their current forecasts that's 83p eps this year and 96p for the coming year.

I suspect there' some caution there too.

So over £1 next year looks easily possible imo.

CR

[apad] 26/1/2011 09:12

Agreed the 70p forecast now looks light. See that they sold their neuro kit and liked the look of the dentistry tie up with the US. CHINA is spelled large:-)
Their quoted job vacancies are very high.
Pug, rest easy it is!
apad

[cockneyrebel] 26/1/2011 08:27

I loined you too at the open Electronica.

80p eps looks nailed on imo, bet they might do 85p or more perhaps - possibly do 100p eps next year or more on that basis imo.

CR

[pugugly] 26/1/2011 08:27

No change from my previous post - Apart from change t/s to results. I do love these companies with very quiet threads -


PUGUGLY - 14 Oct'10 - 11:16 - 165 of 169 edit

Excellent trading statement - A long term core hold. Now to rest easy until the next news.

[broadwood] 26/1/2011 08:20

Elec - joined you first thing.

Managed to beat the M.M's and got in before it dawned.

[electronica] 26/1/2011 07:42

APAD

Excellent set of Interims. If some City Slickers were predicting FY2011 eps of 70p then they were way off!

Looks liker RSW will deliver 82-85p eps for FY2011 & a share price of 1500p+ by end-July.

[apad] 04/12/2010 17:04

RSW
55 job vacancies in the UK - good, no excellent.
PER 37 - worrying.
EPS on 27 January, say 60, - well satisfied.
Some city slickers predicting 70!
This baby better deliver!

Anyone got any information?

[pugugly] 14/10/2010 10:16

Excellent trading statement - A long term core hold. Now to rest easy until the next news.

[quickmind] 12/9/2010 14:09

Broker snap: Some scope for appreciation at Renishaw
Fri 10 September 2010 13:08

A meeting with the company's management team has prompted FinnCap to substantially increase its earnings forecast for Renishaw after the company's upbeat trading update on Thursday.

Management indicated that it was comfortable with a £240m annual revenue run rate for the year and a gross margin of close to 50%, which FinnCap calculates should deliver pre-tax profits of £55.9m, compared to FinnCap's previous forecast of £41.5m. The earnings per share estimate has been bumped up by 34% to 61.1p from 45.3p.

The broker had expected a positive share price reaction to the trading statement but was a little taken aback by the strength of the price rise. It has cranked up its own target price to 1100p, which is based on a fair value of 18 times projected current year earnings.

Thursday's strong price rise means that, even with the price target upgrade, the shares qualify as no more than a "hold", with "some further scope for appreciation."

[electronica] 09/9/2010 15:03

pugugly

No takeover without Sir David on board - so it will be a "friendly" one to send him nicely into retirement.

He won't sell for less than 1250p in my view.

[pugugly] 09/9/2010 14:34

APAD:- If they can apply the same level of technical expertise as in their other sectors then could do well. Tis is very much an instant reaction as I have not crunched the numbers with maket sizes but not too concerned at the moment as up over 100% and always possible takeover to put a bottom under the share price +++ cash on the balance sheet.

[apad] 09/9/2010 14:26

Pug,
What do you think of the move into dentistry and brain surgery? Costs of about £5 million is my memory serves

[apad] 09/9/2010 14:26

Pug,
What do you think of the move into dentistry and brain surgery? Costs of about £5 million is my memory serves

[pugugly] 09/9/2010 13:22

Excellent trading update and massive (for RSW)jump to 5 year high. On double checking now at an all time high.

I just love these quiet threads - Very often give the best growth. (imo & dyor)

[dennis russell] 30/7/2010 15:53

How about Smiths Industries as a fit?

[apad] 30/7/2010 10:18

Sorry - I was funding casting modelling research.

[apad] 30/7/2010 10:17

Electronica
I once visited Castings. It was a hoot. Scruffy place, weren't into computers ( was funding . But boy did they know their business.

[cellars] 29/7/2010 13:31

APAD,

Bill Whiteley is also at BRAM and until recently DIA. Another good fellow (he works at only seemingly good companies and has made money for me over the years!) is Michael Harper at VTC and others. Word of warning: BRAM, DIA and VTC are all substantial holdings in my present portfolio. I too have done well with Weir, SPX, AGK and ROR in the past.

[electronica] 29/7/2010 13:25

APAD

1 more thought!

I've just gone back into PRES (Pressure Technologies) after a recent halving in price. It's a great niche manufacturer of high pressure gas cylinders & is making new, v interesting moves into green energy.

To avoid boring RSW fans take a look at the PRES BB on here & post a message if you're interested.

[electronica] 29/7/2010 13:19

APAD

That's an interesting portfolio stance & very much like my own "play" portfolio. I tend to specialise in electronics & industrial stocks with small & medium caps.

Have had v good runs with RSW, WEIR, SXS, & ROR over the last year or so & among the smaller caps have had 4 times gains in Trifast & Elektron. Slightly off the beaten track its worth looking at CGS (Castings) and a couple of "tiddlers" CHM (Chamberlin) & MRX (Metalrax) - both could easily be 5-6 baggers within 2 years.

[apad] 29/7/2010 12:43

Electronica, thanks.
Guest, Keen & Nettlefolds is too big for my portfolio of medium sized companies, with an engineering specialism, that will benefit from the pound devaluation. E.g. WEIR. RSW, SPX, AGK, ROR.
Trouble is that this also makes them ideal for foreign takeover.

[electronica] 29/7/2010 09:43

APAD

Look at GKN! About to announce a v good set of Interims next Tuesday.