Renishaw Share Discussion Threads

[dennis russell] 30/7/2007 18:25

Didn't one of the directors buy a million pounds' worth a few months ago?

[phbatbjco] 25/7/2007 19:48

Look at the holdings of the founders - I think that they own over 50% and they are nearing retirement. If I were them I'd be looking for a way out and that might maake it attractive for a sell off

[superstardj] 25/7/2007 18:09

I agree that the statement was much better than might have been hoped for as were the margins. Someone told me that about 15% of the shares had been shorted ahead of the results and what we saw today was a massive bear squeeze. That being the case, we might see them drift back in the coming days. I still think this is a good one for the long-term but I always hate paying up! Good luck to one and all.

[dennis russell] 25/7/2007 17:28

If I had had a distibutor who endangered my business by improper activity I would have expected to fire him and get a different one. Or start talking to his customers myself.

[blue brazilian] 25/7/2007 13:47

Great call phbath

[phbatbjco] 25/7/2007 11:23

Obviously everyone else is now of that opiniln!Blimey up over £1 now

[phbatbjco] 25/7/2007 08:08

quite an optimistic statement by the chairman I thought shares up 5p at opening

[phbatbjco] 18/7/2007 09:49

Just bought the stock at 605 so am happy with holding the shares rather than a bet or option. I think they've been oversold and are unloved. It's a very precision based company. The management who own quite a bit of the stock are old and may soon want out and it could be a nice little add on for a foreign acquirer or dare I say "private equity"!

[dennis russell] 17/7/2007 19:37

phbatjco - not sure what you mean by 'recovery'. Results for RSW are due on the 26th. Will probably show a modest reduction in growth, due to some phasing in of new products. The fall in the price since the beginning of June will I believe be seen to be overdone, and we should expect a return to the £7-£8 level. Buy an option?

[phbatbjco] 16/7/2007 13:39

A friend recommended this stock to me recently as a recovery. Any thoughts anyone?

[dennis russell] 09/7/2007 19:57

Apattern seems to be emerging of RSW buying into its high-tech suppliers - to protect its niche ? Hopefully there will be some commentary with the results.

[pugugly] 29/6/2007 16:22

QUESTION? Has the loan been repaid today - Are the companies required to issue an rns advising of repayment?

Delcam says 2 mln stg advanced to Renishaw; FD Singh cuts stake in co


LONDON (Thomson Financial) - Delcam PLC said it it has advanced 2 mln stg to
shareholder Renishaw PLC through a loan agreement.
The principal amount, calculated at 5.7 pct per annum including interest,
has been given for a period of 30 days and will be repaid on June 29, the
computer-aided design software maker added.

[dennis russell] 14/6/2007 12:45

SuperstarDJ. Recent company announcement seems to imply that there is no terrible skeleton about to emerge. Rules would surely require the chairman to have said so if there was? By the way, results are due JULY 25th.

[dennis russell] 13/6/2007 18:32

Anyone care to forecast year-end results. Half-year showed sales growing, but profits held back by a £3M currency hit. I would expect a niche business like this to be able to move prices to adjust for the strong pound over a period of a few months. If I'm right, this must be a great buying opportunity.

[superstardj] 12/6/2007 17:54

Arden Partners have joined long standing bears of the stock WH Ireland with a sell recommendation.

[gopher] 08/6/2007 23:42

Fears about earnings according to sharecast

[luckyswimmer] 08/6/2007 11:01

No insight apart from general brutal market sentiment however we are back at the January low so it will be interesting if 678 holds. A good company if the global economy stays on track. At least Shanghai has stopped falling.

[earthian] 08/6/2007 10:46

Interesting 7% fall this morning on no apparent news - any insights...?

[dennis russell] 30/3/2007 17:20

RSW invests £6M in a business with which it has a long-established working relationship, and the market knocks £16M off the capitalisation. Funny old world.. Delcam (DLC) looks like a well-run business, making 35p a share profit, and oddles of cash with steady growth.

[dennis russell] 05/2/2007 16:52

Re currency risk. With niche products like RSW's, it would be normal to be able to adjust prices in a declining local currency within 6 months. If the currency risk is particularly high, one would probably hedge or price in sterling. This is a quality business

[watwungyi] 05/2/2007 09:05

This is a risky business. As a UK-based manufacturing business, and 90% of its sales from overseas, with increasing sales from Japs, far-east, the stronger pound will affect 1)labour costs 2)overseas earnings. New facilities are only beginning to established in India(low currency market). Europeans sales are not increasing as fast as far-east where everyone knows Japs weak currency though it's expected to be improved. Until I see more and more production faciliities are transferred to China or India, I would be hesitant to buy despite director's showing off its confidence.

[dennis russell] 02/2/2007 14:44

So on Jan 25th. I said 'a buying opportunity for the brave' - and next day John Deer buys a million quids' worth! Did he mistake me for Warren Buffet? Anyone know where John's money might have come from? (i.e is this a genuine investment?)

[9degrees] 29/1/2007 17:34

Quite right
590 brave trades today mixture of buys and sells but majority buy