Rotork Share Discussion Threads

[broadwood] 27/4/2013 14:43

Well done red. Good summary. Does make you wonder quite why they came back so far.

[apad] 27/4/2013 06:45

Much appreciated red.
Particularly:
"The company sees great scope to grow in a market place where their share of the total available is comapratively modest."
apad

[redartbmud] 26/4/2013 21:52

The IMS issued with the AGM is quite positive given the current economic climate.

There is no point in my regurgitating the figures which show another year of positive growth.

Peter France (CEO) gave a presentation during which he emphasised the commitment to the business model.
They continue to expand the product range to fill gaps that exist in the portfolio. This is by acquisition as well as in-house activity to improve the technology.
They are looking to develop their footprint within existing markets, as well as to move into new areas of activity where they see opportunities.
The satellite office/production network is being developed as an ongoing part of the expansion plan.
This plan is achieved in a conservative and considered way, controlled by the board. Very close attention is paid to the capital allocated to expansion.
Most bolt-ons are modest, add value and can be integrated without any disruption.
At the centre of everything is the customer.
The company sees great scope to grow in a market place where their share of the total available is comapratively modest.

There was a tour of the factory, which is undergoing a reorganization to accommodate a product upgrade that is being phased in by October.
Additional premises, adjacent to the factory, have been acquired.
The factory tour clearly demostrated the need for new space, but served also to show the efficiency of the production cycle, minimising the levels of work in progress. Each item is built to the customer's specification.

My overall impression is that the company will continue to expand successfully, despite the current economic climate. it has financial strength and quality management.

Tuck it away and watch it grow.

red

[redartbmud] 26/4/2013 18:14

broadwood

Back from a long drive.
No Chablis, but a pleasant lunch, and a tour of the factory.

After I have had a snack I will post my thoughts.

red

[broadwood] 26/4/2013 16:53

Cracking day. Relief I think, more than anything in view of the weakness in the wider world economy.

No upgrades as far as I can see but, most TP's unchanged which will do for now.

[broadwood] 26/4/2013 10:18

red - should be a good class of sandwich and a decent Chablis - based on the market reaction to that update.

[broadwood] 26/4/2013 09:28

The market thinks it likes them - but isn't quite sure.

[broadwood] 26/4/2013 08:02

Blimey. What a start.

[redartbmud] 26/4/2013 07:48

broadwood

Will do. I will pass on my thoughts as soon as possible.

red

[broadwood] 26/4/2013 07:32

Flow control specialist Rotork today reported record order intake in the first quarter of £150m, 14.3% (7.8% OCC), ahead of the prior year.

Revenue growth of 5.0% (-1.7% OCC) in the first quarter has been impacted by the weighting of orders scheduled for delivery in the second quarter. Our expectations for the half year remain unchanged.

The order book now stands at a record £218m, 20% higher than at the year end.

The Group continues to be highly cash generative and maintains a strong balance sheet. Net cash balances at 31 March were £35m.

The Group said it is well positioned to benefit from the continued investment we are seeing in the markets that we serve. Based on our record order book, current activity levels and diverse end market exposure, the Board remains confident of achieving further progress in the full year.

[broadwood] 26/4/2013 07:17

Red - Have an enjoyable drink with the bosses today.

Results look ok. Perhaps slight disappointment at that 'revenue weighted to the Q2 ' comment.

We shall see.

[broadwood] 11/4/2013 13:13

Yep, know the feeling. XAR risen 30% since I started pondering a month or so ago.

SXS doing the business today though

[redartbmud] 11/4/2013 12:26

Looks like it.

Had 2 purchases on the radar yesterday - ROR, IMI

Both failed through my lack of conviction/incompetence.
Great wailing and gnashing of teeth - Aaaaaaaaaaaaaaggggghhhhhh.

red

[broadwood] 11/4/2013 10:57

So, is profit taking finally over?

[redartbmud] 10/4/2013 09:14

SP still in the doldrums.

red

[broadwood] 25/3/2013 08:18

Profit taking finally over

[redartbmud] 18/3/2013 16:53

broadwood

It is a no brainer - not difficult to hang on in here for the ride.
Just want to get my weighting in RSW back up.

red

[broadwood] 18/3/2013 16:11

red - strange price movements in the last couple of hours. It makes you wonder if there might have been a whiff of takeover activity.

Seems to me that that when you digest the recent results, it seems there's a deal of good news. In particular, all the recent acquisitions are peforming well.

No reason not to stay with it - best of luck.

[broadwood] 18/3/2013 11:33

Big increase in TP.



Credit Suisse Rotork PLC 15/03/2013
Reiterates
Outperform Outperform 0 2,780.00 3,230.00 2,948.00 450 1

[broadwood] 15/3/2013 14:43

No specific reason for the pop today. Still basking in those results.

Doubled in eighteen months. Jubbly.

[cambium] 15/3/2013 11:44

Arrived in style. Onwards we tread

[redartbmud] 15/3/2013 08:33

Quote at £30 to buy a few minutes ago.
Can't be bad.

[broadwood] 12/3/2013 16:17

cam - Still undiscovered - another posting all time highs.

[redartbmud] 08/3/2013 13:46

quick

This is one of my long term holds. My thinking has not changed.

red