Afternoon EI.
Yes I think they are ... chief executive Will Lee from the Mail on Sunday column.
".. Renishaw products are in demand in the US, and while uncertainty around President Donald Trump's tariffs cannot be ignored, Lee hopes to navigate major obstacles from the White House."
Time will tell. |
Phil, are Trump Tarrifs a threat here?,
their main manufacturing appears to be outside of the US ..
Any opinions on this appreciated.
Rating still high, although they have a prestine balance sheet. |
May try and buy back a few that I dumped last week. Depends of course on the price. |
https://mol.im/a/14400625 |
I bought a tranche this AM after price went sub 3000 at the open. |
Sold the lot - about 12 months too late
Precision measurements firm Renishaw also dropped 11% or 380p to 3200p as it said second quarter profit weakened on the previous three months due to currency, adverse product mix and one-off supply chain costs
London Standard |
Also looks like they’ve downgraded their profit guidance quite a lot. |
Problem is profits have declined the past couple of years (but this year may show an increase) and company is on a punchy PE rating, still about mid-20s. The current market seems to severely punish any company that doesn't justify the premium PE rating. I think that's what's happened here... |
Anyone picking up a bargain this morning? Huge pile of cash in the bank and product margins at 61%! |
Super b*ll*xed by Trump. |
added on back of haxagon results today.... |
And the biggest faller today. |
RSW the only blue one of my lot today. |
Renishaw Launches 3D Printing Christmas Initiative |
architect of the touch -trigger probe, said to have been invented in response to measure accurately diameters of small tubes for Concorde and archetypal boffin, to an extent founded modern metrology, had little regard for the City analysts and zealously managed the growth of the company along with John Deere from tiny beginnings in a garage or spare room. Was honoured with CBE, KBE, RDI and visiting professorships. |
I think the market reckons a bid is more likely now that one of the co-founders has sadly passed away.
The shareprice rise coincided with the RNS news release at 2pm |
China stimulus and monetary policy news. Note the action in the Chinese indices today. Just an unfortunate coincidence I believe. |
Any ideas why the share price is up 6% on news of his death? I know he has a joint holding of 51%, guess higher chance of bid now? |
Sir David McMurtry RIP |
Renishaw’s Paul Gallagher on new tech center in Bangalore, India
VIDEO |
'£80,000 per kilo? We can save on that, says Renishaw' |
And we're nearly there tonight. |
Barclays cuts Renishaw price target to 3,100 (3,250) pence - 'underweight' |
Yes, we’re not at the bottom yet.
I’m pretty sure price is going sub 3000.
I have 2765 as a magnet for price at the moment. Let’s see what happens if and when it gets there :) |
Chart support looks to be 2950p then down to 2430p |
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