Renishaw Share Discussion Threads

[redartbmud] 06/1/2015 21:49

CR

'Relatively' cheaply?

red

[cockneyrebel] 06/1/2015 20:06

Punters keeping quiet and not mentioning RSW tonight - hoping to get in cheaply tomorrow imo :-)



CR

[cockneyrebel] 06/1/2015 17:08

Agree Pugugly - a very well run co and deserving of a premium rating imo. When these are in growth mode the growth is pretty incredible.

£55m pbt in H1, double that of last year - £65m in H2 would be £120m for the year - 30% higher than current forecasts.

Not only that but they keep posting trading updates that are ahead of forecasts again and again - I like co's that promise low and deliver high.

All imo/dyor etc

CR

[pugugly] 06/1/2015 17:02

Re my post 681

" The controlling shareholders are of the view that the requirement to enter into a Relationship Agreement infringes upon their rights as shareholders and their track record demonstrates that they act in the best long-term interests of the Company.

Today's trading statement proves what I have said before. The Directors have real skin in the game and I would suggest having built up the value of the Company with their hard and dedicated work we as shareholders should thank them and tell the regulatory authorities to remove the beam from their own eyes etc.

As a shareholder I have nothing to say to Sir David but "Thank you and best of health for 2015 and future years."

[cockneyrebel] 06/1/2015 16:33

Well I reckon anyone selling or taking profits this afternoon hadn't even read that RNS or understood it imo!

£55m in H1 should put them on course to beat forecasts by 20% or more imo. Big upgrades likely imo.

Results in 3 weeks time too :-)

CR

[cockneyrebel] 06/1/2015 16:21

Only £91m pbt forecast for the year !

£55m pbt in H1 :-)

CR

[cockneyrebel] 06/1/2015 16:20

RSW t/s out:

TIDMRSW RNS Number : 4575B Renishaw PLC 06 January 2015 Renishaw plc Trading statement 6th January 2015 Following a strong first half year, we expect to report revenue for the first half year to 31st December 2014 of approximately GBP224m*, an increase of 37% over the GBP164m for the comparable period last year. Profit before tax for the first half year is expected to be around GBP55m, compared with GBP26m last year. We continue to see good momentum in our business, with a record order book and we currently anticipate that revenue for the full year will be between GBP465m and GBP495m and profit before tax will be between GBP120m and GBP140m. The interim results for the first half year to 31st December 2014 will be released on 29th January 2015. Sir David McMurtry CBE, RDI, FRS, FREng, CEng, FIMechE Chairman and Chief Executive 6th January 2015 *Note - all figures are unaudited. Renishaw plc Registered office New Mills, Wotton-under-Edge, Gloucestershire, GL12 8JR Registered number 1106260 Telephone number 01453 524524 Website www.renishaw.com This information is provided by RNS The company news service from the London Stock Exchange END TSTEAKFKEFDSEFF (END) Dow Jones Newswires 06-01-15 1614GMT

[redartbmud] 05/1/2015 21:53

APAD

I cannot fault your logic.
The shares are tightly held and a relatively small percentage is traded on a regular basis. It means that any occurrence considered to be out of the ordinary results in a bigger swing in the Sp than you would expect to see compared to other companies. It may therefore be easier to 'massage' such movements with a few strategicly placed transactions.
The company is going great guns at present, but will not be immune to any big deterioration in the world economy. As the oil price falls it is expected to stimulate demand because consumers and business will see more income fall into their pockets.
Aside from my core holding, I tend to buy and sell a few against the trend and market sentiment. I am happy to hold if/when I get the timing wrong, as I have firm belief in the quality of the business, which I am sure GE or the Japanese would kill to own - post mortem.
Dividends are an interesting issue. Speaking to Sir D McM, he stated the policy was to look at available cash after taking account of the ongoing business requirements and decide how much to pass on to shareholders. At least 52% of the shareholders do not need large dividends, in fact they lose a considerable % to HMRC.

red

[apad] 05/1/2015 09:27

Interesting.
On 2 Jan you could buy at 1950.
CR heavily promoting.
Today 1980, but not much buying (mostly A trades).
My question is whether this is MMs raising the price because of a high-profile promoter?
I don't have much experience of this and I am not knocking anybody. However, the points CR is making have been well known for a long (in market terms) time.
RSW are opaque to the Tintins and so the rns' are important.
I think RSW is in a very sweet spot at the moment. The technological push on metal deposition with in-process control has significant potential if proven, but the tech. innovation process can be glacial and it's stuffed with cash.
I first bought in 2009 (current yield 7%), after the short week policy was proven and supported by the workforce. I have bought on a number of occasions since, when it was low-profile (stock is in short supply) and I expect GE to buy it one day (post mortem).
Interesting times, but my instinct is for investors to buy when nobody is looking at the shares and that the rns news is already in the price (and geared by promotion). What would make me most wrong is if there is a larger than normal dividend increase. There is no evidence that the 'owners' have ever wanted to do this.
Whaddya reckon, red?
apad

[cockneyrebel] 05/1/2015 08:52

Could start getting a bit good here on the chart imo:


free stock charts from uk.advfn.com

[cockneyrebel] 02/1/2015 09:02

Firming up today with results in 4 weeks time.

CR

[apad] 29/12/2014 22:30

Renishaw (RSW)
23 July
  Record revenue of £355.5m (2013: £346.9m).
•       Record quarterly revenue of £107.0m achieved in final quarter.
•       Strong demand for our 3D metal additive manufacturing, measurement automation and encoder products.
•       New product releases during the period include the SPRINT™ high speed contact scanning system for machine tools and ATOM™ encoder readhead.
•       USA FDA clearance to market the neuromate® stereotactic robotic system. 
•       Continued investment in research and development, production and marketing infrastructure.
•       Capital expenditure of £39.2m, including construction of 153,000 sq ft at New Mills, purchase of buildings in Germany and in China.

3 Oct.
In my statement in the announcement of our results for the year ended 30th June 2014 which was released on 23rd July 2014, we indicated that our first quarter's trading had started well. We are now able to report a record first quarter revenue of £101m (previous year: £79m) with good growth in the Far East.
The trend is expected to continue into the second quarter.
16 Oct.
Interim management statement
Highlights
·      First quarter revenue up 28% to £101.4m (2013: £79.0m)
·      Underlying metrology revenue growth of 14%
·      Profit before tax of £21.3m (2013: £10.6m)
·      Net cash of £44.3m

AGM 16 Oct
THAT, the Company be and is hereby unconditionally authorised for the purposes of Section 701 of the Companies Act 2006 (the "2006 Act") to make one or more market purchases (within the meaning of section 693(4) of the 2006 Act) of ordinary shares of 20p each in the capital of the Company ("ordinary shares") provided that:
the maximum number of ordinary shares hereby authorised to be purchased is 7,278,854.
73million total so up to 10%.
Looks like a use for the Delcam money, but it doesn’t stretch to £20 x 7million.

27 Oct.
In our Interim management statement on 16th October 2014 we indicated that the trend in revenue growth experienced in the first quarter is expected to continue in the second quarter. We now also expect the trend to continue into the second half of our financial year.

11 Nov.
Renishaw is pleased to announce that it continues to see strong demand across its product lines and is increasing its investment in manufacturing capacity to meet this growing demand. 
Further to previous announcements, the 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.
Half a million shares traded (10x normal volume)

29 Jan next interims.

[apad] 22/12/2014 16:57

95 Job vacancies!
apad

[apad] 17/12/2014 14:42

Not at all m, I was merely joining in the fun.
Re-enter somewhen between now and 29 Jan.!
apad

[meijiman] 17/12/2014 14:36

What is my maths faulty? with ref to the Credit Suisse tp of 1930p?
I too like this company -sold too soon but looking for an entry point again.

[apad] 17/12/2014 09:35

Are you being ironical, m?
Seriously, RSW's recent news is very encouraging. I am very confident in the company's future, it is in a very sweet spot at the moment, in my opinion.
My largest holding.
apad

[meijiman] 17/12/2014 08:55

Gasp -its only got to go up 1% then...............

[cockneyrebel] 17/12/2014 07:03

*CREDIT SUISSE RAISES RENISHAW PRICE TARGET TO 1,930 (1,715) PENCE

[cockneyrebel] 20/11/2014 11:53

>GOLDMAN RAISES RENISHAW PRICE TARGET TO 1975 (1900) PENCE

[pugugly] 17/11/2014 08:26

And quite right too In this particular case - They are no Robert Maxwell. !!

" The controlling shareholders are of the view that the requirement to enter into a Relationship Agreement infringes upon their rights as shareholders and their track record demonstrates that they act in the best long-term interests of the Company. "

While the FCA needs strong rules it also needs to be more proactive where there are indications of serious breaches of corporate standards - In this area they need to be far more transparent and not penalise "good" directors who have clearly demonstrated that their interests are the same as the other investors.

[cockneyrebel] 11/11/2014 11:11

Broker upgrade notes should get about at the close of play - bit of follow through for tomorrow then too imo.

I added today.

CR

[cambium] 11/11/2014 09:45

Still a long term hold for me

[bad robot] 11/11/2014 08:29

This baby rarely disappoint :)