Renishaw Share Discussion Threads

[siskinbird] 16/1/2006 09:57

Renishaw with charts for anyone interested.

Company website is:-

[siskinbird] 14/10/2005 10:31

Nice solid trading statement today. It's hard to fault this company at the moment.

[siskinbird] 01/8/2005 22:07

...and still zooming north - fairly unusual for a share in a relatively "boring" industrial sector - what do the chartists' calculations say, cat?

[cat] 28/7/2005 12:48

back in on breakout - results excellent

[siskinbird] 28/7/2005 09:15

Whoosh! Cracking finals, above expectations. Looking good.

[siskinbird] 26/7/2005 10:21

2p away from an all-time high - let's hope the finals, due any day, provide the news to get us over that hurdle!

[siskinbird] 19/4/2005 21:28

Cat
.....erm....tell me more about this "pennant breakout" please. Thanks.

[cat] 05/4/2005 07:28

added 744ish

[cat] 03/4/2005 11:36

If the break is confirmed, medium term fib calcs:

778-464 = 314
314 x 1.618 = 508
464 + 508 = 972 target

anyone want to read Quantum Leap's write up of February email me: [e-mail]

[cat] 03/4/2005 11:27

Thanks Tole.
Thursday and Friday these made a pennant breakout on good volume . If this is confirmed over the next few days RSW could have a run of a few quid.

[tole] 03/4/2005 08:34

UK firms grow wealth but electronics lags
By Colin Holland
EETUK.com
1 April 2005 (3:04 p.m. GMT)


LONDON - UK firms grew wealth at three times the rate in the rest of Europe, according to the 2005 Value Added Scoreboard published by the DTI, but the UK electronics sector is weaker than its European competition.

The Scoreboard, which lists the value added (wealth created) for the top 600 European and top 800 UK companies, shows that the UK's top businesses are doing very well. Since last year, value added by the top 167 UK companies has increased by 15 per cent compared with a five per cent increase by the rest of the European top 600.

The wealth created by a company, measured as value added, is defined as sales less the cost of bought-in materials, components and services. The Scoreboard ranks companies by their value added, and also gives details of sales, profits, productivity and wealth creation efficiency, cost of funds, investment in R&D and capital expenditure (Capex) and market capitalisation.

The UK tops the league with more companies in the European 600 than any other country (167 with a combined value added of £347bn). Second is Germany with 91 companies whose overall value added fell by one per cent to £297bn over the year. France is third with 84 companies increasing their total value added by 5% to £277.5bn.

Dr Mike Tubbs, a senior industrialist with the DTI Business, Finance & Investment Unit and author of the report, said, "With five years of data the Scoreboard is now an essential benchmarking tool for companies to see how they compare to peers in their sector across the UK and Europe and to decide on the most appropriate way to distribute their value added. This year an on-line calculator has been introduced so companies of all sizes can work out their value added and wealth creation efficiency and using the result to compare their performance with competitors in their sector."

US and Japanese companies are not included because they do not give enough information in their annual reports to allow VA to be calculated. A few European companies are also in this situation, either because they follow US accounting practice or because reporting on private companies varies widely across countries.

UK Electronics is weaker than the European sector but contains some high performing middle-sized companies.

There are 19 companies in the electronic & electrical sector of the UK 800 of which 11 are foreign-owned. There are 8 companies in the electronics sector of the European 600 of which only one (Invensys) is from the UK. The UK sector is proportionately less than one third the size of the European sector and has lower average figures for VA growth, P2 and MC/VA. There are, however, several middle-sized UK firms with growth of VA, P2 and MC/VA well above the European average. Renishaw is having to make high investment in both R&D and Capex to ensure it both can grow its value added and increase its wealth creation efficiency.

Top 8 UK and Top 8 European Companies in the Engineering Sector

[cat] 02/2/2005 17:40

great write up in Quantum Leap newsletter today

[siskinbird] 26/1/2005 10:36

Stonking interims today - EPS for the 6 mnths up from 7.6p to 13.4p. This lovely share could have a little further to go!

[widgee] 11/3/2004 08:13

take a look at the ftse

[slogsweep] 10/12/2003 15:18

does anyone know what is causing this price fall as volume is negligible and no news

[chuckie egg] 27/1/2003 13:36

Today was my 1st chance to have a look @ RSW results. The shares jumped +7% last Thursday.

News Headline "Renishaw H1 pretax profit rises to 6.49 mln stg from 5.28 mln, sales stable" made impressive reading and it looked like fooled a few traders.

However, the headline results for last yr excluded an exceptional item for £1.3M, which is discreetly mentioned.

The underlying pre-tax profits was down 1%.

Outlook "stable sales". Historic p/e is 21 with consensus forecast forward p/e 20.5. Pretty hefty rating for a company showing no growth.

[harleymaxwell] 06/1/2003 18:39

any views on this now - are we bouncing off support??

[cat] 28/12/2002 00:13

RSW - looking really weak now - falling thro all support - some left at 260, then its £2 next stop.

pe still crazy at 17 for electronic equipment sector...and this statement only 2m ago:

LONDON (AFX) - Renishaw PLC said demand for its products remains subdued due
to the world economic downturn, with turnover at constant exchange rates for the
first quarter similar to that of the previous year.
But chairman and chief executive Sir David McMurtry said there are
encouraging signs in some of the company's markets and product sectors and that
the company is well placed to benefit from a global economic recovery when it
occurs.

[cat] 28/12/2002 00:12

RSW - looking really weak - falling thro all support now - some left at 260, then its £2 next stop.

pe still crazy at 17 for electronic equipment sector...and this statement only 2m ago:

LONDON (AFX) - Renishaw PLC said demand for its products remains subdued due
to the world economic downturn, with turnover at constant exchange rates for the
first quarter similar to that of the previous year.
But chairman and chief executive Sir David McMurtry said there are
encouraging signs in some of the company's markets and product sectors and that
the company is well placed to benefit from a global economic recovery when it
occurs.

[hybrasil] 27/12/2002 17:12

Yes,compared to the rest of the sector this co is valued at considerably more than its asset base. At £2.00 it will start to be value

[m.t.glass] 18/12/2002 16:35

That 10,000 'buy' looks more like a 'sell' delayed by one hour? Not labelled as such but tallies with the markdown by 3 MMs at that time.