Renishaw Share Discussion Threads

[nocton] 03/2/2023 08:40

Buy recommendation in The Times today.

[c3479z] 28/12/2022 12:26

sp

not a trader in this stock, held a few shares since c1982 when it floated first,
would I had held on to Novo now Novo Nordisk that I was also invested in at the same time! That would have allowed an earlier retirement....

[shallow pockets] 28/12/2022 12:12

Msybe, c3479z, and Rod Laver was once good at tennis, Pele at football. But time catches up with all of us. And then passes us by.

McMurtry's time was up some time ago. His and Deer's aborted share sale was their overt admission of this fact.

Anyone who ignores 12 months of market movement either has only 6pence invested or has his head buried deep in sand, c3479z.

And no, redartbmud, we don't for one moment think William Lee has the first clue about what he is doing. We are told he lacks internal support from mid management who want him out as well. Changing the culture at Renishaw can be done with one stroke of a pen. Get rid of the current senior management, put in place a proper 21st century management team, and the Company has a fighting chance against fierce competition getting fiercer.

Until then, stay short. Target 3100

[c3479z] 28/12/2022 12:00

Can't agree that Sir David McMurtry CBE, RDI emeritus visiting professor could be described as a dinosaur,
he is an example of a brilliant innovator and inventor who has always run the company with the long term in mind and built it from a small outfit from his days at Rolls-Royce to one of the few outstanding British manufacturing giants which has leading technology in its area of expertise,
having held the shares for many years, though in no great number, not too concerned with what happened in the last 12 months.

[redartbmud] 28/12/2022 11:46

Sp

Do you really believe that Willy Lee has the experience to achieve that on his own?
It would require the appointment of a first class Chair and a CFO with a good corporate finance background.
Changing a culture is like turning round a supertanker at sea. It takes a lot longer than 5 minutes.

red

[shallow pockets] 28/12/2022 09:27

Yes, c3479z. We know that. But it won't be the first time that larger shareholders make their position untenable. The stock is down 24% this year compared to the FTSE100 being up 2%. Happy as a shareholder? They commence a sale of their stock, and typically, their subjective view that their "baby" that they own is better than it is,akes them price it too high. Failure. Embarrassing. Typical.
My information from within the company is that there can be no progress with McMurtry, Deer (who is very ill) and Roberts still strangling the company and any innovation to death in their own image.

Here's a 2023 prediction for free. None of these these 3 dinosaurs will be at the helm of this Company in 12 months time, allowing a slimmed down company, with non core subsidiaries and excess manpower both to be disposed of promptly.

Until then, stay short. Target 3100.

[c3479z] 11/12/2022 22:46

as the two principals own over half of the company there is no possibility that they can be 'kicked out'- they can choose to exit when they wish a la Morrison's for example.

[shallow pockets] 09/12/2022 18:19

Not surprisingly, edwardt.

The Board keeps talking a big book, full of "successful progress and collaborative partnerships" (albeit projected and hopeful, rather than real and delivered), but the sense of drift and general management incompetence persists and grows. To the questions, does anyone on the Board or senior management truly add value now, and would they be re-hired today given superior alternative recruitment choices, and the answers to both questions are...No.

This company is being hopelessly mismanaged in a viciously competitive and commercially intelligent world.

This Board is so out of date and almost rural in its competence. Shareholders need to kick the lot of them out as quickly as possible before it goes the way of so much else in recent british industry, for the same reason as Renishaw is dwindling and deteriorating. Out of date senior management.

Until they get removed, stay short. Target 3100.

[edwardt] 09/12/2022 17:58

Some large votes against reelection of the old boys. Probably should see that a sign that they need to move on. I suspect Fanuc et al are watching...

[cestnous] 11/11/2022 09:41

So much for staying short🥱

[edwardt] 10/11/2022 16:27

maybe not.

[fuji99] 03/11/2022 13:11

Any recovery is being killed by rising interest rates and a 2 year recession just flagged up by the BoE. - - -

[shallow pockets] 03/11/2022 11:28

An update on our short position: based on an updated analysis of the company's managment actions (or mostly inactions), the continued domination by McMurtry of any key decision making, and an/his unwillingness to allow new investors to join the Board, we feel a share price acceleration to the downside is a real risk.

Stay short. New target 3100.

[fuji99] 27/10/2022 08:23

IMO this is a hidden "mild" revenue and profit warning: " We have, as recently reported, seen a weakening in order intake from the semiconductor and electronics sectors, and general market sentiment is becoming more cautious. In light of this, we are managing costs carefully and focusing on productivity." - "In light of this ... we are managing costs ..." instead of "a reduction in something". Each one with own interpretation...

[scepticalinvestor] 27/10/2022 07:50

Looks like i will be able to buy in, im the 20s now

[shallow pockets] 03/10/2022 10:28

So with our second target reached at 3400 a couple of weeks ago, what happens next?

Do any of you know how this company is run? I mean truly run? McMurtry and Roberts (the latter stepping in for Deer in his forced absence for ill health) run it like a private school. And they are as out of date as that 1950's business management model. The likes of Nocton remain bullish and continue to lose money not because they are wholly wrong about the enterprise value potential of this company, but because they are not properly assessing that the Board is a disaster and a barrier to optimisation. Stay short.

[edwardt] 28/9/2022 20:05

Metrology appears to being run separately to the other businesses with little synergistic overlap. My guess is a de merger of one or all of the other businesses and trade sale of the jewel in the crown that probably has overseas buyers looking again given the trashing of our currency.

[edwardt] 28/9/2022 20:01

I doubt that

[scepticalinvestor] 15/9/2022 11:34

This is goingbelow 20 quid, no doubt

[nocton] 15/9/2022 10:45

Excellent results. Good presentation today with good forecast prospects and plenty of cash. Can't understand the share price fall in last few days, but happy to continue as shareholder, and expect to see sharp market correction upwards after results absorbed. This is a first-class company - only wish there more like it.

[edwardt] 15/9/2022 08:14

nibbled a few. seems the market already factored in results despite being 8% ahead of consensus.

[redartbmud] 15/9/2022 07:24

Looks none too shabby.
Happy holder tn current market conditions, and beyond.

[edwardt] 15/9/2022 07:19

Reads pretty well to me! I guess the slowdown noted by ceo in semis is only gripe but that is hardly new news

[shallow pockets] 01/9/2022 14:20

Not sure whether Nocton (see above) is still alive (financially) but we are now below 3600, and still headed lower. McMurtry and Deer get older each day, senior management is still not properly restructured and the core business is being heavily taxed by the diversity of non core businesses.

Stay short as long as McM and Deer are in control.

[fuji99] 23/8/2022 16:04

Not specific to RSW but institutions and investors are getting out of the markets as there is evidence of recession with inflation persisting and rising to possibly 18% next year. In addition, the Russia/Ukraine conflict does not seem to have an end on sight. The China/Taiwan possible disruption of semi-conductors as Taiwan holds 61% of the world production. All these events are making it very difficult to invest for the short or the long term in these markets as nobody can quantify the extent of future effects. This is my own opinion only.