Renishaw Share Discussion Threads

[rogerrail] 13/12/2012 15:24

This has been on relentless and steady climg since results in Aug , - usually any rise subsides after a while, anyone know why its still climbing? are there any fund managers accumulating large volumes?

[broadwood] 12/12/2012 09:38

Nice bump today, so far.

No RNS so must be an upgrade.

[apad] 06/11/2012 16:07

Their technology is sans pareil on the world stage. The money is a by-product.
09 was worrying when they went on short time (a months order lead time isn't much of a buffer).
The fall at the end of 11 (up 90% since then) was due to the market worrying about a repeat of 09. I bought more, even though it is my largest holding - which breaks a golden rule!
It really isn't a trading share, j, even though its price is rich at the moment.
53 job vacancies.
My expectation is to have an annual income equal to the cost of my holding.
apad

[jamielein] 06/11/2012 15:40

I tend to just hold for the long term as long as the shares look good value. They looked a little too high before their results at around £17.50 and so I decided to de-risk a little.

Unfortunately I don't invest enough to trade in and out, as fees would be too high for me. Also I don't think I'd really be able to predict share price movements anyway (which is the main thing!)

[redartbmud] 06/11/2012 15:01

jam

Buy on weakness, sell on strenght?
Has worked in the past for me, I now have a shareholding cost 0.

red

[jamielein] 06/11/2012 13:40

Looks like selling just under half at 1746 last month wasn't my best decision

(though it did immediately fall under £17 afterwards, so I felt like I'd made the correct decision for a couple of weeks at least!)

[cambium] 06/11/2012 13:11

Up up and away

[drewz] 26/10/2012 13:04

'Twas on the BBC lunchtime national news on BBC1 and BBC News24

[apad] 25/10/2012 13:17

58 jobs on offer, up from last time I looked.
apad

[alter ego] 25/10/2012 12:43

drewz, was that local segment or national news?

[drewz] 25/10/2012 12:33

Renishaw on BBC news today as an example of where a UK business is prospering despite subdued GDP growth.

They say they are very busy and growing, recruiting, urgently needing more staff.

All sounded very positive.

[northernlass] 20/10/2012 19:59

Record First Quarter Revenues

RECORD FIRST QUARTER FOR RENISHAW

Precision tool maker Renishaw chiselled out record revenues for the July - September quarter, with the top line over a third higher year-on-year.

Revenue in the three months to the end of September - the first quarter of the firm's financial year- saw group revenue rise 36% to £95.9m from £70.5m the year before. Profit before tax for the first quarter amounted to £28.3m, compared with £13.6m last year, an increase of 108%.

The metrology business was singled out for a special mention, as it achieved sales growth of 38%, reflecting major sales to the consumer electronics industry. Healthcare revenue was at a similar level to the comparable period last year.

Geographically, the Far East, specifically China, more than doubled its revenue for the quarter compared to the corresponding period last year. Revenues for Europe and the Americas were broadly in line with last year, while the UK, a smaller geographical area in terms of revenue, showed a 27% increase.

Chairman and Chief Executive Sir David McMurtry conceded that the cost base has continued to increase as the group has had to take on additional staff, mainly on the engineering side, to support its growing revenue and demand for production resource. The group has also been pumping money into its research and development programmes.

Group headcount at the end of September 2012 was 3,018, an increase of 114 from the 2,904 from July 1st, the start of the current financial year.

The group's net cash balances, excluding the escrow account relating to security for the UK defined benefit pension scheme, stood at £18,4m at the end of September, down from £21.1m on June 30th.

"We have had a strong start to the year, however, it is still very early in our financial year and the order book remains at approximately one month's revenue. There is still much uncertainty surrounding worldwide economic growth rates," McMurty said.

"With the group's broad geographical market coverage, however, and focus on global investment in production systems and processes, the board remains confident of a further year of progress," McMurty added.

Source:


P.S.
Here's some links about SCLP, one of the hottest stocks at the moment:

[northernlass] 20/10/2012 19:56

South Wales Expansion Plan

An excellent article, which includes 3 video reports, describes Renishaw's new manufacturing facility at Miskin in South Wales:

[apad] 18/10/2012 11:47

j...
you are right to be aware of it because it means that RSW reacts very quickly to downturns. no inertia!
apad

[jamielein] 18/10/2012 11:07

Thanks apad. I should've taken the time to check that! Makes me feel a lot more positive then.

[apad] 18/10/2012 10:46

j..

RSW order book always like that.

apad

[redartbmud] 18/10/2012 09:53

Not a bad statement at all. Shares on the move up.

red

[jamielein] 18/10/2012 09:52

Little concerned about the order book but very happy with 1st Quarter. I sold half at 1746 as I thought they'd gone too high. Judging by how they've reacted to the IMS, I was wrong.

Mixed feeling really but for now, I'm holding the other half.

[broadwood] 18/10/2012 09:39

Hopefully the market will be reassured that earnings aren't likely to fall off a cliff but a pretty short order book.

[cockerhoop] 18/10/2012 09:34

Strong 1st Quarter but cautious outlook for rest of year.

[broadwood] 18/10/2012 08:05

red - Yep, I can see that. I think one's likely to get more out of the smaller companies like RSW.

The bigger boys never give much away.

[redartbmud] 18/10/2012 08:01

bw

I don't attend AGM's for all holdings, but I find RSW interesting as they give a good presentation and look around the factory. I have learned a lot about the business and the culture of the company. I have a big holding.
I use the opportunity to ask questions on one to one basis that often elicit more frank answers than the bland statements that are read out.
Went to PZC few weeks ago, combined with a bit of culture at Lowry and Manchester Art Galleries. The AGM altered my thinking on the company and therefore my strategy, so very useful.

red