Renishaw Share Discussion Threads

[9degrees] 04/8/2006 06:34

Thanks siskin-I agree very good buy given its record and potential

[siskinbird] 01/8/2006 13:39

You are right, 9degrees. I wonder whether some of the institutions use it as a defensive share? Anyway, I got out a while ago at around £9.10, very happy with a good profit, as I bought for c£5 in early 2004. If you are a long-termer, I suspect it's probably a good buy at these prices. All imho of course.

[9degrees] 25/7/2006 08:12

I dont understand this share - the market goes down and RSW goes up - the market goes up and RSW goes down- any views ??

[siskinbird] 03/2/2006 16:27

Company website added to header.

[spacemoggy] 02/2/2006 12:43

Dave it's Rick mate...yep it's a volotile share,and thinly traded,you need to have the balls to hang on in there...Rick

[davidnorman911] 02/2/2006 12:35

space seems to be going back up now...i only use day charts and watch prices on ADVFN by day..good luck

[spacemoggy] 02/2/2006 08:38

Some nice consistant buying early this morning,we need to crack the 900p mark....Rick

[davidnorman911] 01/2/2006 13:23

thanks space for that I am still learning and appreciate the info

[spacemoggy] 01/2/2006 10:02

I'm still long dave,we are at support now,840 if this breaks down.My stop/loss is set at 810,i hope i don't get there ffs lol....Rick

[davidnorman911] 01/2/2006 09:57

hi space are you still long !!! seems to be falling ..where do you see support?....820 ?

[spacemoggy] 26/1/2006 09:29

Yes sis,those big sells didn't help the cause :-(....Rick

[siskinbird] 26/1/2006 09:14

Decent enough results, perhaps not quite as high a rate of growth as in previous years. Might see some profit-taking.

[spacemoggy] 26/1/2006 07:36

Chairman's statement

I am pleased to report the Company's results for the first six months of the
current financial year. These are our first interim results produced under the
new International Financial Reporting Standards.

Revenue in this period increased by 13% over the comparable period in 2004 to
£81.6m. There was particular growth in the Far East, an increase of 32%, and in
North and South America, an increase of 20%. There was a small net reduction in
our revenue in Continental Europe of 5%, primarily due to shipment of a large
initial stocking order of a dental product launched in the first half of 2004/
05. With the exception of digitising (including dental), there was good growth
in all product lines, especially spectroscopy. Revenue benefited by £2.0m from
currency exchange differences compared with the previous year's actual exchange
rates.

Operating profit for the six months grew by 26% to £13.9m compared with £11.0m
in 2004. Profit before tax rose to £15.3m (2004: £12.4m), resulting in earnings
per share of 16.9p, an increase of 23%. Net cash balances at 31st December 2005
were £25.7m (2004: £23.2m).

During the period a representative office has been established in Turkey and the
sales force has been substantially increased in India and the Far East,
including Japan.

Research and development remains key to group strategy. As I stated at the
Annual General Meeting in October, a number of new products have been introduced
at recent exhibitions, in particular, at EMO held in Hannover in September. The
GYRO™ range of heads, to complement REVO™ and RENSCAN5™
introduced in April last year in our co-ordinate measuring machine ('CMM')
product line were very well received and we anticipate that they will make a
valuable contribution in our next financial year. Also introduced were the
OMP400 high accuracy strain gauge probe and on-machine verification software
launched by our machine tool product line. Total research and development
expenditure, including associated engineering costs, amounted to £13.8m (2004:
£12.1m). The Group is currently establishing a software product development team
at our Pune premises in India.

As recently announced, the Company has acquired a 50% interest in PulseTeq
Limited, a small UK company, specialising in radio frequency coil electronics
and other enhancements to magnetic resonance scanners for medical purposes. This
investment illustrates our intention to exploit opportunities in the medical
field by applying our in-house metrology expertise to this important new area of
activity. We have also acquired a 50% interest in Metrology Software Products
Limited, another small UK-based company, to strengthen the development
programmes for our CMM and machine tool product lines. We are very pleased with
the developments at these two associates since acquisition.

The new anodising plant has been successfully commissioned at our Stonehouse
factory in Gloucestershire and the manufacturing plant and machinery are now
being transferred to the new location. In India, a manufacturing facility is
being established at our recently acquired premises in Pune to complement
Renishaw's existing manufacturing facilities in the UK and Ireland and to
facilitate the introduction of new technologies into the worldwide organisation.
Total capital expenditure in the UK and overseas during the six months was £7.2m
(2004: £10.4m).

Our product range and in particular our recently introduced new generation of
products such as the REVO™ and RENSCAN5™ are being increasingly well
received in their markets.

As reported at our last annual general meeting, held in October 2005, the Board
is currently undertaking a review of the Company's pension arrangements, the
results of which are expected to be known during the second half.

We confidently expect continuing progress in the Group's business in the
remainder of the financial year.

An interim dividend of 6.71p (2004: 6.10p per share) will be paid on 10th April
2006 to shareholders on the register on 10th March 2006.

[siskinbird] 23/1/2006 13:44

Hi Rick
Quite a lot of trades today, but no big volumes. I'd be surprised if there were leaks re results for a company of this size and calibre, but you never know! Possibly just pre-results activity, with people hoping to make a fast one. It would be good to finish blue today - there's a lot of red elsewhere! Interesting to see what happens when US opens.

[spacemoggy] 23/1/2006 13:32

That's some turnaround today,has someone got wind of good news in the interims? hmmmmmmmmm....Rick

[spacemoggy] 23/1/2006 11:52

Dragged down by the market today,but pulling back early losses nicely...Rick

[siskinbird] 23/1/2006 10:34

Interims due on Thursday

[spacemoggy] 19/1/2006 17:11

A nice 19 point rise today,plenty of upside left...Rick

[spacemoggy] 19/1/2006 12:14

Hi Siskin,its Rick mate,you're doing well on it then.I noted the light trading,but i'm on a March long so i'll see how it pans out...Rick

[Abuse team] 19/1/2006 12:10

Post removed by ADVFN

[siskinbird] 19/1/2006 12:09

Hi moggy, good luck - looks like your timing might be good. This is one of my longtermers - I've been in since March 2004 (516p). It's quite a strange share - lots of very small trades (employees?) and occasional alarming movements in share price for no apparent reason! A great company though, imo.

[spacemoggy] 19/1/2006 08:56

Ticked up nicely today :-)...Rick

[spacemoggy] 18/1/2006 16:12

Just gone long at 913p,just based on the chart,looks to be a bit of upside there....Rick

[siskinbird] 16/1/2006 09:58

Welcome to the new Renishaw thread, created on 16 Jan 2006 when the share price was 927.