Renishaw Share Discussion Threads

[shallow pockets] 14/1/2022 21:23

Patience @Nocton, patience. Depreciation of value relative to market is a slow burning process. But it's an invevitable one until one of three things happen:

1. The company breaks itself up and sells off non core subsidiaries
2. Deer and McMurtry resign and allow a strong new management level to take the company forwards.
3. The company is bought.

They tried option 3 and wasted everyone's time. Which leaves only two options. Neither of which they are allowing to happen.

Hence the price target. Count on it happening. Did you believe we would see 4400 when we were at 6000? I didn't think so.

[shallow pockets] 14/1/2022 21:22

Patience @Nocton, patience. Depreciation of value relative to market is a slow burning process. Bit it's an inveyiable.oneuntil.kme.ontheee things happen:

1. The company breaks itself up and sells off non core subsidiaries
2. Deer and McMurtry resign and allow a strong new mamagent level to take the company forwards.
3. The company is bought.

They tried option 3 and wasted everyone's time. Which leaves only two options. Neither of which they are allowing to happen.

Hence the price target. Count on it happening. Did you believe we would see 4400 when we were at 6000? I didn't think so.

[nocton] 14/1/2022 14:28

Nice rise to over 4600 since Shallow pockets said "This share price continues to move to our revised lower target of 3750"

[redartbmud] 14/1/2022 09:07

No news and algos marching the price down and then back up.
Trade the volatility.

[lindowcross] 14/1/2022 08:48

@1150 Inertia, "a tendency to do nothing or to remain unchanged". Did you mean "with inertia"?

[beergut] 14/1/2022 08:32

Nice move this morning

[meijiman] 13/1/2022 09:03

Rather reminds me that the same thing is true or was true at IQE where the founder outstayed his welcome by around 10 years and nearly destroyed the company.
Founders of companies are not necessarily the best people to manage them once they reach a certain size.

[shallow pockets] 13/1/2022 08:25

This share price continues to move to our revised lower target of 3750, once again now touching our original target of 4000 +/-10%. There is little to no energy left in the leadership, both of whom continue to view it as "their" company, acting in "their" best interests not all shareholders. McMurtry especially and Deer were hugely talented and did what they did at the right time, and worked very hard thereafter. But like all such founder owners, it became personal. Their managerial style remains long out of date, is too conservative and wholly hierarchical. They couldn't/wouldn't sell at fair value in 2021 much as they wished to divest, at their personal valuation which incorporated a lifetime's work, which no one else values at even 1p. So we are stuck without inertia or forward dynamics, and the next layer of management is weak and bullied. The Company needs breaking up into more dynamic parts. Stay short. It will drift below 4000.

[beergut] 26/10/2021 11:07

Do you have any links to the upgrades I couldn't find them.

Thanks,

[edwardt] 26/10/2021 10:59

broker upgrades are flooding in now. gs and stifel pushing up numbers...

[edwardt] 22/10/2021 09:43

Seasonally this is supposed to be the worst quarter. Those numbers were awesome. Semiconductor clients must be part reason but ev related work still in its foothills of growth

[beergut] 21/10/2021 10:58

So sadBy the mid-1990s GEC was making profits of £1 billion, had cash reserves of £3 billion, and was valued at £10 billion.After most of its US acquisitions failed, GEC began to make a loss. The cash reserves Lord Weinstock had built up during the 1980s and early 90s had all but gone, and the company was heavily in debt.[14]

[beergut] 21/10/2021 10:51

If we had more hardworking decent business men like Sir David McMurtry and his business partner the FTSE would be at 24,000 instead of everything being sold on the cheap and debt being taken on to the books as if a crackhead was running the whole show. Just look at what happened to GEC once the banks got involved.

[scepticalinvestor] 21/10/2021 10:14

I see you live up to your name ;) See ypu in the 6000p region soon

[shallow pockets] 21/10/2021 10:08

Now, PUGUGLY, that is the big question, and you are correct to highlight it. My view remains that until McMurtry relinquishes both reins (as Deer almost has done already due to his health) progress in a good company cannot be optimised. Necessary spin offs of non core operating divisions won't occur. Senior management won't be upgraded. McMurtry continues to view the business as his. I don't see a short term resolution, as evidenced by the aborted share sale. So I expect the shares to continue to trend lower, with occasional corrective ralles, such as today's, because it is a good company, but all the good news is priced.

[pugugly] 21/10/2021 09:53

Ex or current employee? However the BIG question - which no one knows the answer to - Is what happens when the founders pass? Any inside knowledge or thoughts?

[shallow pockets] 21/10/2021 09:47

Here in plain view, PUGUGLY. Good trading update, but needs to be read in line with bounce back global economics, and thus the true alpha of growth remains unknown yet. Suspect bigger market players already knew about these figures, and thus believe there is a fair chance that market will give back much of these gains later today and into early next week. Don't wish to be bearish here, but we know what is going on internally. It isn't good.

[pugugly] 21/10/2021 09:29

Where is shallow pockets hiding?? Egg all over his face!!
One of the best trading updates ever.

[ramridge] 21/10/2021 08:15

Not only are the full year results beating broker forecasts, but Q1 2022 update is a cracker. Only way is up now.

[scepticalinvestor] 21/10/2021 08:12

Should be a few analyst upgrades too

[edwardt] 21/10/2021 08:07

This should claw back a lot of relative underperformance now...

[beergut] 21/10/2021 07:40

Should bounce from these levels and quickly move back above £55. According to my chart

[scepticalinvestor] 21/10/2021 07:20

Excellent update. Nice divi too!

[scepticalinvestor] 20/10/2021 16:18

bought in this am at 4617..Surely a bounce is on the way