Renishaw Share Discussion Threads

[cockneyrebel] 04/3/2011 08:54

Blue sky breakout this am.

CR

[pugugly] 21/2/2011 13:11

CR:> You are talking to yourself - I am just sitting on the side A long term core holding - Evenm if a slight retrace nothing (imo) to worry about as intrinsic value.

[cockneyrebel] 21/2/2011 12:30

Testing the highs here

CR

[cockneyrebel] 18/2/2011 14:42

Very close to a breakout here - £20 when it goes through?

No chart resistance after this high gets taken out so could cruise upwards easily imo.

Must be some upgrades to come for the year ahead imo, brokers still being conservative imo.

CR

[broadwood] 17/2/2011 15:11

Its been a quiet couple of weeks for engineering exporters. But the sector has woken up today.

[cockneyrebel] 17/2/2011 15:03

Gonna breakout soon imo - chart has gone through the recent resistance

CR

[cockneyrebel] 17/2/2011 14:17

back up through that high soon?

CR

[cockneyrebel] 09/2/2011 11:03

Next leg up starting here imo.

Got to see £20 here imo - I think they'll have another 'we're well ahead' RNS before too long imo.

CR

[apad] 31/1/2011 08:21

redart...
I look forward to your regular reports from the AGM.
Hoorah.
apad

[redartbmud] 31/1/2011 08:15

I don't disagree with any of the arguments.
I never miss going to the AGM although have to travel long distance - very worthwhile.
Bill Whitely very good acquisition as NED.

My shares have now cost me nothing - I saw them underwater a couple years ago but never intended selling.

Just concerned as held tightly we could be in a bubble. Will ALWAYS buy if think timing right.

Wi;ll only ever be sold when McMurtry decides.

[pip_uk] 30/1/2011 09:52

Says Favell, "I am delighted to take on this new challenge, especially as it comes at a very exciting time in Renishaw's development, with some superb products recently launched and major announcements imminent about groundbreaking products for the metalworking sector. Although I have spent my whole career at the company, the changes over the past 23 years have been immense, and the drive and ambition internally is as strong as it ever has been."
I am intrigued by the "imminent announcements" and "groundbreaking".
We wait in anticipation.
Pip.

[pip_uk] 30/1/2011 09:29

Apad will do that.

[apad] 29/1/2011 15:33

pip keep a weather eye on the job vacancies on their website. It is a good indicator.
apad

[pip_uk] 29/1/2011 13:15

I top sliced a few and watched the price retrace and decided that maybe I had made a mistake as the price had appeared to be ahead of itself.But the retrace was slight, so I bought a few more as I think this has further to travel.
I had not visited their web site for quite some time and the breadth of their products now in production is amazing, especially their health products.Far from being just a measurement instrument company their product mix is outstanding.
Agree that the shares are priced for perfection but the future sure looks promising.I will stay onboard and see where the journey takes this company.

[apad] 28/1/2011 17:03

re...
There will be a battle royal if RSW becomes available - of that I am certain.
The Technical Director is very impressive and has used university projects strategically. So, I don't buy the Co. dependent argument.
That doesn't mean that your argument about high PE shares is not valid. Personally I have found that selling successfull, focussed technology shares has never been right. I'm not a natural trader.
Strangely in the high PE retrenchment before the last news on our shrinking economy RSW was resistant.

apad

[redartbmud] 28/1/2011 16:22

APAD
Not a bad scenario, but worried we will see shakeout in market before end Feb.
The shares with high PE's could be the ones to suffer most - will buy back my sales then.
Co dependant on McMurtry - top class guy.
Japanese only ones who could do anything positive with it otherwise.

redartbmud

[apad] 28/1/2011 08:30

redart...
One of the 2 ageing men arguments is that if their holdings come onto the market then RSW will not remain independent for long. Also, the (younger members of the) board are very competent.
The yield is rocketing, maybe 2% by the finals (at this price).
This is not to challenge your view, I too wondered about top slicing but decided against.
My deciding argument (as I have posted before) was the number of technical job vacancies at RSW.
Also, I was more concerned about reducing my holding at the valuation before the results, so why punish success - I'm not a trader as you can see.
Time for this board to go back to sleep now :-)
apad

[redartbmud] 28/1/2011 08:27

Yesterday's newspaper, today's recycling.
How many sells do they give in relation to buys.
Read with caution

[nellie1973] 28/1/2011 08:04

Tipped in the Times

Renishaw, a Gloucester based company who make specialised measuring equipment, have come back from the recession with strength. Coming under fire for cutting a fifth of the work force as the economy slumped, Renishaw have since benefited from China's plan to build a high-tech manufacturing sector. Renishaw's sales from the Far East now represent 42% of total revenues and have more than doubled year on year. India and Brazil are the next potential growth areas. The halfway profit announcement has sent shares high but it's still a worthwhile investment. Buy.

[redartbmud] 27/1/2011 14:42

In my opinion the share price has now run too far ahead of itself.
A word of caution - what is the revised PE? What is the dividend yield?
Losses in healthcare.
True, cash in the bank but how much cash was generated in the period?
53% owned by 2 men, both now ageing, although extremely good at what they do.
What goes up may come down.
I have top sliced a long term holding as a precaution - a bird in the hand.....

[broadwood] 27/1/2011 11:59

Medical device firm Renishaw's profits soar
By Ruth Sunderland
27 January 2011, 11:19am
Two septuagenarian engineers saw the firm they run from the little Cotswolds market town of Wotton-under-Edge become the fastest riser in the FTSE All-Share index yesterday after it achieved a five-fold increase in profits.




Shares in Renishaw, founded in 1973 by chairman and chief executive Sir David McMurtry and deputy chairman John Deer, rose by 263p to 1598p.
The staggering rise of nearly 20% took the Gloucestershire company's market value through the £1bn barrier, putting a £616m price tag on the founding duo's 53% combined stake.

Renishaw makes sophisticated machine tools and sensors along with cutting edge healthcare devices, including robots costing up to £1m for brain surgery.

It is a leader in a high-tech microscope method known as Raman spectroscopy, used to help infertile couples by assessing the health of sperm cells.

The technique works by immobilising live wriggling sperm with a laser beam then checking its quality by measuring tiny molecular vibrations. The most robust sperm can then be selected for IVF treatment, giving the best chance of a baby.

Profits for the six months to the end of last year rose to a record £35.5m from £7.1m in the same period of 2009, and dividends more than doubled to 10.3p a share.

Losses in the healthcare division doubled to £4.2m due to start-up costs and investment in research. The group is looking to hire 160 staff in the UK.

Renishaw's stellar performance is a boost for manufacturing and confirms a big turnaround for the company, which in 2009 cut 400 jobs worldwide as its shares hit a low of just over 250p. It exports 95% of production but carries out most of its manufacturing in the UK.

[pip_uk] 27/1/2011 11:05

Still has legs !!!!

[broadwood] 26/1/2011 16:44

Elec - well done.

For us -and other holders - that can go down as one extremely satisfying day.

[electronica] 26/1/2011 15:15

broadwood

You have a lot more discipline & patience than I. Came in for £6k yesterday afternoon & was happy to depart with an £1,100 net profit at lunchtime.

[broadwood] 26/1/2011 13:53

There's bound to be a bit of profit taking later. Thought about jumping when we were up over £3 but still here.