Renishaw Share Discussion Threads

[redartbmud] 26/7/2012 09:34

Premium company, so forward P/e 13.1 does not worry me.

[apad] 26/7/2012 07:20

Pretty meaningless FT comment:
Renishaw shares jump on strong sales
By Peter Marsh
Renishaw investors have always needed a taste for the esoteric, and trust in Sir David McMurtry, the company's long-serving chairman and chief executive. This fairly exclusive club has been rewarded with an unusually good set of results, triggering a 13 per cent share price jump, after strong sales of its latest products, which range from measurement tools to dental implants.
The company is prone, however, to periods when such items fail to generate the expected revenues. Assuming pre-tax profits in the current year will reach £95m, the shares are on a forward multiple of 13.1, a lot higher than most engineers.
But they may be worth a higher rating – if investors accept the risks.

[apad] 25/7/2012 08:18

eps was down 11% on interims so the full year results are more impressive than at first they look.
apad

[redartbmud] 25/7/2012 06:56

Excellent set of results, especially given the economic backdrop.
Interesting they struggle to recruit quality staff.
Company has re-vamped some operations abroad, moving to better suited premises.

Can only be good for further progress.

red

[broadwood] 25/7/2012 06:17

These look pretty good to me particularly the recovery in China.


As expected the final quarter of the year saw an increase in revenue growth and was a record quarter for the Group, with revenue of GBP103.1m. Renishaw's markets exhibit attractive, long-term structural growth drivers with continuing global investment in production systems and processes. The Group therefore continues to invest a significant amount in R&D, manufacturing, marketing and distribution capability with a number of initiatives underway. Although the world economic outlook is uncertain, the Board remains optimistic regarding the Group's own future and prospects and expects that 2013 will be another year of progress for Renishaw

[broadwood] 25/7/2012 05:43

Hoping for good numbers today.

[apad] 19/6/2012 12:52

Significant increase in jobs on offer.
apad

[apad] 05/6/2012 18:12

Still loads of jobs on offer.

2 May 2012
Senior Renishaw staff meet the Directors of R&R Sales LLCRenishaw, a world leading engineering technologies company, has purchased the business of R&R Sales LLC, a US-based supplier of fixtures for the global measurement and inspection market.

The acquisition of family-owned R&R, which has 19 employees and is based in Grand Haven, Michigan, will support Renishaw's increasing focus on metrology system sales to end-users such as its new Equator gauge which requires fixturing products.

R&R fixture for CMMsFor over 20 years R&R has supplied the global measurement market with both modular and custom fixtures for CMM and vision systems. The R&R Fixture is widely used to hold parts for dimensional inspection in almost every manufacturing field; from automotive, aerospace and electronics to medical and household appliances.

John Ray, President of R&R, says, "We all look forward to this new opportunity and being a part of the Renishaw Group. We sincerely believe that its extensive worldwide network of offices will help promote our high quality fixturing on more of an international basis and we also hope to incorporate Renishaw's manufacturing processes within our plant to further improve our operational efficiencies.

R&R has had a long relationship with Renishaw Inc in the US and we now look forward to growing new relationships with all the Renishaw offices worldwide."

Speaking about the acquisition, Renishaw's Chairman and Chief Executive, Sir David McMurtry, says, "We are very pleased to announce our acquisition of R&R Sales. We have known the company and its products for many years, and it has a very strong presence in the USA where it supplies fixturing to many high quality businesses.

With our new measurement products, such as the Equator gauge, and our existing global customer base for measurement products, we believe that we can significantly expand the market for the R&R fixtures."

[broadwood] 15/5/2012 07:54

Sigh of relief results.

[apad] 15/5/2012 07:41

don't get excited sam... it's only back to where it was in Feb. :-)
apad

[samenic] 15/5/2012 07:03

OK results though doubt it will attract new investors in this environment,understand they have a fairly large backlog of orders and are still recruiting in order to address the situation.
Crikey jumped above 1400 :- )))

[apad] 15/5/2012 06:45

About right imv.
Forecast about expectations for current year. share price will depend on Far East orders report in July.
Usual fairly measured tone.
Don't expect much downward pressure on sp, which I expect to move with the sector.
apad

[cockneyrebel] 15/5/2012 06:39

outlok looks brighter than the shareprice suggests imo and highly geared to recovery.

Grew in Europe, UK and America - a tough ask for yhe first two imo.

CR

[druinsky] 14/5/2012 21:56

nice biz,

how much do they export to Europe?

[cockneyrebel] 14/5/2012 06:46

on a nice low ahead of tomorrow's trading statement imo, still £5 off the July high and the co been sounding much more upbeat.

imo/dyor.

CR

[apad] 08/5/2012 08:58

Career vacancies metric still looks healthy.
Important milestone in 6 days time - it'll settle the Tintin's vies of RSW.
apad

[broadwood] 02/5/2012 06:46

Barclays Capital Renishaw PLC 02/05/12 07:32 Upgrades Equal weight Overweight 2 790.00 1,850.00 1060 2 GBP

[broadwood] 19/4/2012 14:40

pip - thanks. Up over 7% now . Not complaining.

[pip_uk] 19/4/2012 13:29

There is an interim management statement due on the 14th May.
Looking strong today.

[broadwood] 19/4/2012 09:21

I suspect we're not far off a trading update.

[deadly] 19/4/2012 09:03

up 6% this a.m. on no news

[dugganjoe] 28/3/2012 17:03

chart bricking it

[cambium] 20/3/2012 08:44

and more jobs here

[rogerrail] 19/3/2012 16:59

RSW now recruiting production staff and plant engineers for new Miskin factory. signals that bunsiess is starting to pickup