Renishaw Share Discussion Threads

[beergut] 19/10/2021 12:00

I think this has now bottomed and will bounce from here.

But with results on Thursday being key to the next big move.

[shallow pockets] 19/10/2021 09:24

The same analysis that predicted we would be where we are now when trading at 5500.

[beergut] 19/10/2021 08:37

Who's analysis is that?

[shallow pockets] 19/10/2021 08:30

Although our target of 4000 (+/-10%) was reached, my analysis is getting more bearish week by week. This
price action appears no more than a consolidation in a bear market, and our lower limit has been revised to 3750.

[beergut] 04/10/2021 09:06

BlackRock, Capital and Aberdeen who are all invested here can't be very happy with the situation....

[shallow pockets] 04/10/2021 08:43

The old owners are blocking progress on two fronts: they have employed either young and acquiescent senior management below them, or mid management who are not innovative nor ambitious, both sets of whom are not capable of driving the entire business forwards even if they had free rein, which is the second problem...they don't. McMurtry & Deer and (their FD, Roberts) run it like an old school with a high table

Deer and McMurtry won't sell at a fair price, and as the price goes lower are less likely to sell. The share price is thus a one way bet. Either the company gets broken up and parts are sold off to shrink the business, or we wait until the end game. In the interim, the share price moves to 4000.

[beergut] 04/10/2021 07:04

Any further whispers about what has gone wrong here

[edwardt] 27/9/2021 20:15

Ha - i doubt it. I hope more a problem with capability of auditor than Renishaw

[shallow pockets] 27/9/2021 18:10

Its what happens to an old ship without a rudder and a steering wheel in need of a management refit.

The ramp by the brokers including GS is now behind us. Thin air is below us down to 4000.

[beergut] 27/9/2021 12:56

Wasn't expecting this a week ago.....

[beergut] 17/9/2021 22:50

Nice drop at 4pm this afternoonWhat can we look forward to on Monday

[beergut] 17/9/2021 01:38

Nice close today.

This just might be waking up....

But still has a lot of work to do...

[linhur] 20/8/2021 07:01

Wait for results on 30 September.

[beergut] 17/8/2021 13:28

All a bit quiet

[shallow pockets] 19/7/2021 11:25

The share value is now unravelling fast. We have already moved today below 4800, en route to our target of 4250.

Why so fast? Stops of the specs that bought for the buyout? To some extent. But savvy investors know where this company currently stands...stuck in deep mud.

How do the many family heirs now feel, as their wealth descends fast? How does senior management feel seeing a stuck company with a defunct management and ownership structure? The fall in the share price only accentuates the reluctance of Deer and McM to sell at below "their" fair value, a number which is now far on the horizon.

How will this all end? The sum of the parts may exceed the whole, and a break up by selling non performing divisions looks inevitable as the only partial way out and to move forwards.

Its all been so predicable, which is the most disappointing part.

[shallow pockets] 14/7/2021 17:41

Oops! Now we're below 5000. Target remains 4250. This company will remain strangled with dead duck majority owners who not only are well past their sell by date + very unwell in JD's case + wanting to sellout but couldn't at their price & on their terms. Management tier below them is akin to schoolboys who are afraid to ask McM/Deer and their servant FD Allen Roberts for more. It's a typical old school English management structure which worked when McMurtry and Deer were fit, but that time passed several years ago. Senior mgt is desperate for a sale to occur if only to be rid of them and do the many things that can be done with the existing assets and new ideas. Stagnation reigns. Share price will continue to go lower, and thus make sale less possible in vicious negative spiral. Sell.

[9degrees] 09/7/2021 10:19

I also suspect that a sale will remain near the surface while other potential suitors consider options in years to come . This may have gone away for a short while .

[9degrees] 09/7/2021 10:16

worth remembering that at the outset of Covid Renishaw were a major player along with Aitbus/ Maclaren and others to design and build approx 12000 ventilators for the Govt in rapid time . This involved a restructuring of there premises and modus operadi.
I think this demonstrates a co well up with business life, contacts and ability to manage change ,FWIW.
Long live british engineering and a can do attitude .

[shallow pockets] 08/7/2021 12:31

In a world of algo and quant trading domination, I am not convinced technical analysis has much merit, but if it still does, the charts suggest next support is in low 4000's. Target of 4250 now looks reasonable. Sell.

[reddevils1] 07/7/2021 23:07

Come on = this is a decent business and we move on! Aero, Auto will come back stronger and CMM is still going to be needed across the globe for a long time yet.

[shallow pockets] 07/7/2021 13:01

Redartbmud- thank you for a balanced counterpoint, as opposed to the hysterical jingoism of PUGUGLY, whose argument is similar to saying Bobby Charlton should be chosen tonight. Renishaw needs to move forwards rapidly now, as other emerging country and bigger players mature to stand toe to toe with them. Redartbmud's descriptor of the Board and management structure does not inspire investors going forwards that mgt will make the changes and progress, hence the universal view (including that of the majority owners) that new blood was required via a takeover. The days when Deer was the super tough cop and McMurtry the top scientific engineer are over. Investors focus on the future, Pugugly, not the present or past. Sell.
PS. I have been in this stock for more than 5 yyears. That's not the point. Its what happens in the next year that matters.

[pugugly] 07/7/2021 12:55

redartbmud = Very fair comment and as you will see from my 1st post after the for sale announcement very much in line with my own opinion at that time

Re the idiot share price not using handbags darling - just a baseball bat but you cannot help a know nowt - could probably not take in knowledge even if using a sledge hammer!!

[redartbmud] 07/7/2021 12:48

Come on girls. Put the handbags away.
It is what it is, and we are where we are.

Renishaw has always been run by McM as a 'private' company that just happens to be quoted.
It has grown into a significant business and the controlling owners are getting old. Senior management are by and large promoted from within, and have the Rsw culture ingrained in their psyche. Very clever but little experience of the big wide world.
Non-Execs are largely 'yes people' recruited to meet listing criteria. They lack teeth.

Having said that they are still up at the top of the tree in core businesses.

No idea what may happen next, so it is decision time.

Stick or twist?

Don't moan about it, as it isn't changing anytime soon.

FWIW The outcome is much as I expected from the time of the announcement.

I'm sticking.

red

[shallow pockets] 07/7/2021 11:49

Besides, what Board place their company on the block in full view evidencing the desire of the majority owners to be hard sellers, without having a strong idea who they are going to sell it to in advance? It looks incompetent, or just out of touch, which Deer is and McMurtry may well be. Investors will now believe there is a long term overhang in the market as both owners slowly divest. Sell.