But all going rubbish again today. |
Two days without falling ! ;-) |
My portfolio was down 0.14% today. The big fallers, all UK 'engineers' ROR, IMI, SMIN and DPLM |
Check out what Trump is stating - Probably via his economic advisers ...
IMO it's impossible to disconnect from the US as no stock will hold in any recession tsunami. |
Just FWIW
Being ultra cautious, if they made 1.15 on FY earnings, multiply by 16/17 X and that gives about the worst scenario I can foresee - I may be wrong!. |
Even RR. which is more defensive didn't escape. |
Nearly 3% on this one now with an unchanged dividend.
Other 'engineers' also being hit lately... ROR, IMI, DPLM and even SMIN. Lots of past business in a stagnant China not helping. |
Phil, barring a bid, the rating still appears a bit rich - all be it a very high quality business. |
That's last year's news tbf. |
There is also this Siemens news adding some negativity: |
Re-reading guidance on pre tax, they have given an approximate 30% range between high and low expectations.
The high end would see EPS above 1.30 GBP a share, the low end nearer 1.10.
So 24 is well within reach. |
An engneering company has normally a low PE and a slow growth.
I think RSW was long considered a rapidly growing company - similar to a pure tech.
Are we seeing a reversal and a return to reality ? |
This not too long ago traded at a vertigo inducing multiple, I think you need to leave Trump aside and ask..what type of earnings multiple looks reasonable, attractive..
Obvs earnings are variable, but if looking longer term the above is valid. |
Since the arrival of Trump there is uncertainty all over the world for the equity markets and businesses in general.
Share price volatility depends on how company revenues are tied up to the US and the dollar.
However if there is a recession in the US because of Trump policies, it doesn't matter as everything will go down regardless.
Until things clarify, the markets will be on a rough ride for a while.
IMO it's better to be light on equities for a while. |
Phil, if this trades near 17.45, then either one hell of a profit warning is on the cards, or wider equity markets are in a plunge lower phase - obvs both could happen, however this as an outside possibility only. |
There's trouble here for sure.
Chart says 2428p ............ then 1745p |
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Been away awhile, but forecast from Nov 2023, yes that long ago, remain valid. Sub 2500 still forecast as target. I am hearing possibility of break up and and disposal of some non core assets may be announced. Shall evaluate anew then. |
Thanks Phil, will hold off given current savage de-ratings across multiple companies. |
EI, the way it's going again today I can see 2400p.
Must surely be one of the dogs of 2025.
Siemens must be laughing their head off. |
EI, difficult to call in these markets with Trump doing goodness knows what. |
Phil, can you see £24 here?.
Rating is still high, but a quality company.
Not holding atm. |
obit for David McMurtry appeared in the Times today, didn't mention his main invention of the touch-trigger probe that was the foundation of the company all those years ago.
Did mention his family background as a confectionary business in Dublin when young.
Well worth a read. |
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