Renishaw Share Discussion Threads

[apad] 19/9/2011 15:50

However, yield 3% and PER of 13 causes concern.
Management statement due in less than a month.
apad

[apad] 19/9/2011 15:47

Still hiring, bought a new factory, capital expenditure - jam tomorrow doesn't sell well when the world is ending.
Perhaps.
apad

[rogerrail] 19/9/2011 15:30

Broker (Singer) downgrade today to 1350 could be contributor , otherwise no idea why it's fallen more than peers.

[shanklin] 19/9/2011 13:43

Anybody any idea if there's anything fundamental affecting the share price or is RSW just giving back lots of the gains of the last few years?

[motchjv] 16/9/2011 15:41

Couldn't figure out why this share was going down all week when everything else going up. In fact thats not true, this share is tracking the FTSE:350 electronics and services index which has been declining all week. At least it's not this stock, which I believe has good fundamentals.

[motchjv] 13/9/2011 17:56

24p per share divi, thank you very much, I take that

[whitestone] 04/9/2011 13:20

robin

Thanks for posting. Very interesting.

[robinnicolson] 03/9/2011 15:02

A recent one hour interview with the local Stroud FM radio station. An interesting programme.

[apad] 31/8/2011 06:46

Ask your pal about orders for Equator yawn.
apad

[yawn1971] 30/8/2011 15:35

Friend of mine works there and you are correct about the short working week last year. However, management has been totally restructured, the manufacturing facility is expanding and the order book is jam-packed full .... just filled me boots with a few k! GLA

[apad] 30/8/2011 15:29

It's a high yielder at 2.8%, but it wasn't so long ago that there was short time working at the factory.
apad

[pip_uk] 30/8/2011 14:21

This is a crazy price for RSW, a high quality british company selling for peanuts.
Had to have some, with a reserve to jump in on any more unjustified downward movements.

[cambium] 19/8/2011 12:41

Me too Roger, I'd like to think we've turned a corner here

[rogerrail] 19/8/2011 12:29

bought in significantly yesterday so pleased to see price holding up, I think companies will be investing in this technology even through diffcult times as majority of BRIC companies are still way behind the pace on quality assurance which should feed throught to continued order growth for RSW.

[apad] 29/7/2011 15:10

sta...

Didn't have any notification of a pm.

Interesting about Equator, I wouldn't have guessed the market to be that size. The kit offers significant advantages and is not expensive. Looks seriously weird though!

I don't have a TP. I suspect that the world economy will dictate the share price The story since the spring 0f 09 has played itself out now. We have new factory space, new markets and plenty of job vacancies. The technology lead of RSW is now better understood. Still, I'd be happy with £20 in 12months - but the future is a foreign country, they do things differently there.
apad
BTW I wouldn't dream of selling until the founders' share holdings are on the market and GE is wet with lust.

[staverly] 29/7/2011 11:18

Apad - sent you a pm several days ago, out of curiosity, did it arrive? Would appreciate a ping response just so I can see how things work from receivers end, Thanks.

My prediction for Equator, is replicated from specialist trade publications following indepth reviews they published after E's offical launch last March. You have to bear in mind that this sub-industry is heavily fragmented and aside RSW, few if any listed metrology pure plays exist.

I hope your nerves withstood the ridiculous reaction to what can only be viewed as brilliant(though expected)results accompanied by a confident outlook from measured management who do not play the institutional game.
The headline EPS metrics that the sell-side analysts and financial press fixate on have handsomely provided their fun and games in this instance. A good thing, as the SM would be extraordinarily dull without these deadbeats.

[apad] 29/7/2011 08:17

Stav..
Still interested in the source of your prediction figure for Equator.
apad

[apad] 27/7/2011 15:49

deadly
Known this company since the 80s. Always been worth buying on the dips and this is a minor dip. Last seen at this price in, let me think, Feb.
Mind you 250p in '09 was seriously scary.
It'll bounce back by the end of the week to prices last seen in, let me think, March.
Seriously, exporters from a weak currency country must continue to do well unless.......
See
apad

[deadly] 27/7/2011 14:16

APAD - 27 Jul'11 - 07:29 - 244 of 253

PER about 20 and yield about 2% with £35m in the bank.
Looks quite cheap now!


Quite cheap? - If they're cheap what do you call expensive? There are so many good companies taht are a lot cheaper.

[zho] 27/7/2011 14:04

Engineer Renishaw triples profits, but shares slump 7%


Bosses at precision engineer Renishaw must be wondering what they have to do to please the market.

The company has reported a tripling of full year pretax profits - up from £27m to £82m - along with a doubling of the dividend, helped by strong growth in its largest market, China. And despite warning of many challenges to be met, the company said it was confident of the outlook, due to increased opportunities and the underlying strength of its markets.

And the reaction? Its shares have slumped 129p to £17.57, a 7% decline which makes it the biggest faller in the FTSE 250. It appears the market is concerned about the outlook for China - which is trying to take the heat out of its booming economy - as well as the company's margins. Fairfax analysts said:

Though the bottom line was in line with our forecasts, margins were lower than we had anticipated however, given the rapid expansion of the group and a very successful year, this is understandable.

Jo Reedman at Singer Capital Markets correctly predicted the market reaction, saying:

Renishaw had a huge year in 2011, reporting and record profits. Management remain confident about the group's prospects and expect current progress to continue. However market expectations were even higher, and the combination of an earnings miss of around 4% with Renishaw's premium valuation seems likely to result in share price weakness.

[pip_uk] 27/7/2011 13:21

A big drop, WHY after such good results, what are share holders looking for.

[staverly] 27/7/2011 08:32

Am waiting for link to be emailed by ADVFN, will revert shortly

[apad] 27/7/2011 08:08

Ah!
Delighted to be pmed.
apad