Renishaw Share Discussion Threads

[pugugly] 11/11/2014 07:29

Short Sweet and to the point - Seems to be well ahead of all analysts estimates in Refs.



So good posting key points below

"strong demand across its product lines and is increasing its investment in manufacturing capacity to meet this growing demand.

"Board anticipates that the revenue for the year will be between £425m and £445m and adjusted profit before tax will be between £95m and £105m."

A world beating British Company - Deer and MCMurtry tend to ignore the City and just get on with the job of growing their Company - How I wish we had more like them rather than the PC idiots in charge of many of our listed companies.

[apad] 05/11/2014 09:48

Cardiff University invests in Renishaw additive manufacturing machine

That's what I like to see, Uni's following the fashion, buying our kit and please to call it research :-)

apad

[linhur] 01/11/2014 09:02

Whitestone

The share buyback authority has been available for many years but never ever used even when the share price has been on the floor. Unlikely to have a share buyback as RSW are out of favour with institutions and communications with the "city" are poor and RSW BofD are happy to go their own speed. Increased dividends will follow increased profits provided large capital projects are not too lumpy. Cashflow is carefully managed.

Linhur

[whitestone] 27/10/2014 16:48

CR

Quite agree. Especially given the facility to buy back their own shares granted at the recent AGM. As APAD has suggested above though, and I totally agree, they really need to seek to return more to their owners. I would prefer this be via increased dividend rather than a share buyback. Yield seems to be king in the current environment

[cockneyrebel] 27/10/2014 08:21

Amazed these are still at lows with the recent trading updates and director buys.

CR

[philo124] 27/10/2014 07:41

I don't hold here but I think the statement is a classic.

[pugugly] 27/10/2014 07:31

Once again we beat the naysayers - Well done to the team with a particular thank you to all those in the sales and marketing divisions but not forgetting the new product development groups and production for developing and producing quality products on time and to budget.

[apad] 22/10/2014 17:27

Thinking of buying some in my Mum's portfolio - because of yield!
apad

[redartbmud] 17/10/2014 15:01

AGM must have been a riot!

No posts. I suppose that all are in recovery mode.

[redartbmud] 14/10/2014 07:02

Well spotted APAD. Positive news in very depressing times.


red

[apad] 14/10/2014 05:04

This is fun.
apad

Cathie Anderson: El Dorado Hills firm to use 3D printer in manufacturing
By Cathie Anderson
[e-mail]
Published: Monday, Oct. 13, 2014 - 2:36 pm
It’s showtime for 3D printers. Once used to make product prototypes, the devices are now being used for larger manufacturing runs.

El Dorado Hills’ SlideBelts plans to join the vanguard starting next year.

Brig Taylor, co-owner of SlideBelts, told me that he is spending half-a-million dollars on a 3D printer to produce buckles for the new survival belt his company is introducing in 2015. He and his wife, co-owner Michelle Taylor, finished up a successful Kickstarter campaign in September that raised $200,032 to get the belts manufactured. The buckles can be used to open bottles and start fires, while the belts have enough tensile strength to tow in a boat or carry heavy objects.

“We’re purchasing a new 3D printer from a company called Renishaw, out of the U.K., and they make a bunch of different machines, one of which is a 3D printer that prints in titanium,” Brig Taylor said. “The prices on titanium powder have dropped dramatically because they have a new process for gathering the titanium powder, so it actually works in favor for us.”

Taylor said he met with engineers from Renishaw a few weeks ago at the International Manufacturing Technology Show in Chicago, and as he penciled out the numbers, it began to make sense for SlideBelts to get into manufacturing. With a 3D printer, the product design is created in a computer file, and the printer creates a product out of whatever metal or plastic additives are loaded into the machine.

“Most people are trying to produce, say, a titanium bike, but it ends up being a $10,000 titanium bike. We make an innovative product, but we don’t use much metal. That means a 3D printer makes sense for us.”

[redartbmud] 05/10/2014 19:49

APAD

I do hope that the 'dynamic duo' carry on for some many years to come, but it is inevitable that their tenure will end at some point. A restructure of the board might just prolong their situation, and help the company to grow it's business.

On your account, I sincerely hope that you are able carry on yatch racing well into the future. As somebody who was involved in competitive sport for nearly 30 years, but am now retired, I salute you.


red

[apad] 05/10/2014 10:45

Agree about Miskin, red.
As an ocean yacht racer who is significantly older than any of them I counsel you not to count them chickens :-)
apad

[redartbmud] 04/10/2014 17:07

Hi APAD,

I am on record for my thoughts on the board. The key players are now of venerable age McM, Deer and Roberts are past 65 and Ben, the Deputy CEO is nearly there. The Non-execs are lightweight, mainly academics, and Whiteley resigned for whatever reasons. He was my big hope.
They desperately need to produce a succession plan. It might shake up the sleepy feeling that surrounds senior management. Continued reluctance to feed meaningful information to the City doesn't help. Analysts will have to participate in the annual shareholder day from now on. I attended the first one, which impressed. I learned a lot about the business, and the middle management team who were involved were first class and steeped in Rsw culture, as you might expect.
Key to staying out front of the competition is the R&D. Patents are guarded fiercely.
They do need to consider the yield, even if they went down the route of an odd special divi here and there.

It will be interesting to see what happens, if/when Mcm or Deer has to step down or their 52% has to be sold off. I am sure that it is a company that the Japanese would like to own.

regards,

red

Miskin is a bit of a jewel. It is big enough to provide space for expansion, with enough extra to sell off at a price that will fund all building development, plus kitting out. I don't think that the City scribblers have got that one! It also provides a pool of labour that would be scarce in rural Glos. The only downside is the distance from HO that must cost dead travel time and money. With modern technology they can minimise the effect.

[apad] 04/10/2014 08:38

Hi Red,
I looked into the dentistry and there is one high profile german firm, but it's a cottage industry of small players really - so not much Capex.
The neuro stuff I think will sell, but not in large numbers, and will be something of a flagship that could lead to unanticipated consequences in a very conservative industry.
The share price has been going nowhere for 2 years whilst its peer group has been doing relatively well. I reckon it just doesn't return enough to its owners, hence my hope for a decent div. hike. As well as cash the technological lead of the company is rocketing, but we can't spend that and RSW is still vulnerable to the short lead time on its order book.
I've held for a long time with a top-up at the beginning of 2011 at £10 so for me the price is secondary (although I have to admit that I would be bragging if I had sold at £20 and bought back at £15).
apad
ps
Thanks for the heads up ottrott

[ottrott] 03/10/2014 13:53

Having attended the open day, the thing that really caught my eye was the RenDx multiple assay system in their Diagnostics Division, which leverages their expertise on Raman spectrography. As exciting as the 3D printing in my view.

ottrott

[apad] 03/10/2014 13:18

One year I'll be able to make it, but not this year Red.
I think there is jinx.
I have to match it to something else as I have to come from the Channel Islands.
apad

[cockneyrebel] 03/10/2014 09:17

Sales are up 25% on Q1 last year, Q2 set to follow suit they say.

Broker EPS forecasts to rise just 15%

Surely the economies of scale here should increase eps way over sales growth. Which if is the case should see forecasts smashed if this keeps up imo.

Directors were buying in Aug and Sep - bit of a clue there :-)

Added today after following the director buy in Sep. As I hold my views are obviously biased :-)

All imo/dyor etc

CR

[redartbmud] 03/10/2014 08:24

APAD

Are you attending the AGM on 16th?

red

[apad] 03/10/2014 08:16

Typically terse statement with no city leaks.
Together with the proceeds from Delcam we might see a better dividend rise this year.
3rd largest holding.
apad

[redartbmud] 03/10/2014 07:14

Why did I buy some more at 1668p Hmm, I just can't imagine.

[redartbmud] 03/10/2014 07:11

We're rolling along on the crest of a wave, and the sun is in the sky.......

[pugugly] 03/10/2014 06:38

There will be sizzling bear steaks for breakfast - Once again Renishaw proves the nay sayers wrong - Their strong investment in R&D keeps them ahead and top of the class

If only the rest of UK Plc were as good but I suppose that most managers are too frightened of making a mistake to invest for the future.

Here the board have a lot of skin in the game and have the confidence to invest