Rotork Share Discussion Threads

[redartbmud] 15/12/2013 10:46

Apad

I will look more closely at the figures, but the IMS in November stated:

Financial position

The Group continues to be highly cash generative and maintains a strong balance sheet with a high return on capital employed. Net cash balances at 27 October 2013 were £33.3m.

red

[apad] 14/12/2013 18:14

red
Bit concerned about cash flow. Do you have a view?
21 vacancies.
Technology to kill for.
Could have bought at this price a year ago.
Thinking of topping up.
Need a reason not too!
apad

[jontyone] 03/12/2013 10:11

Don't know what was said on the Capital Market Day, but the share price has dropped about 5% since then.

[redartbmud] 15/11/2013 10:12

PE of 23 and a yield of around 1.5% are perhaps the factors behind the blip in the share price today. In the last week the market has marked down several companies in the manufacturing sector that have improved performance over the reported cycle.
Unfortunately the better quality mid-caps have been put on high ratings by analysts. This is a general statement I know.
Because the world economy is still in recovery mode, all companies are having to work hard to grow the top line organically.
Rotork is bolting on where it sees an opportunity to enhance it's product range, and at the same time holding a healthy cash balance.
In the longer term this must benefit the business.
The market may not recognise the true value at present, or perhaps it does by the rating?
Nevertheless the true value of the company will be seen in an increased share price over the coming years, and do not discount a bid at some point in time.

[broadwood] 15/11/2013 09:03

British manufacturing company Rotork said revenue in the third quarter was 13 per cent higher than year ago, driven by a higher order intake.

Order intake in the period from July 1st to November 14th was broadly in line with the prior year but cumulative order intake was up 6.9%.

Based on project activity, order intake in the fourth quarter of 2013 is anticipated to be higher than in the same period of 2012.

The order book at October 27th was £204.8m, up 7.3% on the year.

Orders in the Instruments division was up 63.1% while the Controls and Fluid Systems divisions achieved a rise in orders of 1.7% and 13.3% respectively. The Gears division was broadly similar to the prior year.

The group maintained a strong balance sheet with a high return on capital. Net cash balances at October 27th were £33.3m.

"With its broad product portfolio and diverse end market exposure, the group continues to build market share and benefit from the increased investment in its markets," Rotork said.

"Based on the strong performance year to date the board continues to expect to make further progress in the full year with margins at similar levels to the prior year."

[broadwood] 15/11/2013 07:20

Enough to keep the momentum going I should think.



With its broad product portfolio and diverse end market exposure, the Group continues to build market share and benefit from the increased investment in its markets. Based on the strong performance year to date the Board continues to expect to make further progress in the full year with margins at similar levels to the prior year.

[broadwood] 18/10/2013 15:45

Engineers putting in a strong performance today.

[broadwood] 15/10/2013 14:52

Big TP increase.

Goldman Sachs Rotork PLC 15/10/2013
Retains
Neutral Neutral 0 3,150.00 3,615.00 2,806.00 465 0

[broadwood] 01/10/2013 16:05

Quality will out.

[broadwood] 07/8/2013 07:16

Nice TP increase

JP Morgan Cazenove Rotork PLC 07/08/2013
Reiterates
Overweight Overweight 0 3,150.00 3,300.00 2,912.00 150 2

[redartbmud] 06/8/2013 13:31

Onwards and upwards Rodney.
This time next year......

[broadwood] 06/8/2013 11:19

Record first half results from industrial valve manufacturer Rotork have provided encouragement for its acquisitive approach.

Each of the FTSE 250 group's divisions turned a profit, combining to produce profits before tax and amortisation up 12.3% to £69.4m.

Chief Executive Peter France said: "Our strategy of broadening our product offering and investing in our infrastructure has enabled us to grow order intake, revenue and profit all to record levels despite the weak economic conditions in some of our regions."

Revenues rose 5.2% to a record £276.1m, with order intake 9.4% higher than the comparative period, boosted by North America and parts of Asia performing particularly well, and resulted in a record half year order book of £208.2m, 15.1% higher than the end of 2012.

Rotork Fluid Systems showed the strongest order intake growth of 20.2%, but the group admitted ongoing weak economic conditions in certain markets hurt the Controls electric actuator division, with weakness concentrated in some European markets and the Indian power market.

With two acquisitions feeding the period, and two more purchases announced in conjunction with the results, France explained that the board anticipated that, as in previous years, performance in 2013 would be weighted towards the second half.

"The order book, project activity in the broad geographic regions we serve and our diverse end market exposure provide the board with confidence of achieving further progress in the full year."

The integration of Soldo and Schischek, acquired in November 2012 and January 2013 respectively had resulted in both businesses making a positive contribution in the period, while Tuesday's additions in Italy and the US both strengthen existing operations for an overall consideration of what is understood to be close to £10m.

Net cash balances of £41.6m were £18.3m lower than December 2012 and a 10.1% increase in the interim dividend was proposed at 18.05p per share.

Jefferies said the results were slightly ahead of its expectations.

"Rotork's interim results are a touch ahead of our forecasts (especially the Controls division), and we are mildly encouraged by the group's outlook statement and ongoing acquisition activity," the broker said.

Analysts Andy Douglas and Stoyko Moev added: "Rotork is a class act among the UK industrials, and a continuation of the group's strong order intake highlights the group's strength in a mixed macro environment."

[plastow] 06/8/2013 09:12

always a fan of this share as i know a few people that work there
new product selling well ..

[henryatkin] 06/8/2013 09:01

and H2 should be better, so looking quite strong.

[redartbmud] 06/8/2013 08:41

Parody on Specsaves ad

Should have bought more yesterday.

red

[broadwood] 06/8/2013 08:13

Very nice price action so far.

[redartbmud] 06/8/2013 08:00

Quite happy with what I see. More of the same please.

[broadwood] 06/8/2013 07:16

FLASH: Rotork H1 pretax profit up 5.5% to £63.6m

and

FLASH: Rotork confirms acquisitions in Italy, Germany

[broadwood] 06/8/2013 07:10

Strong enough statement.

[redartbmud] 05/8/2013 23:08

Should have had the finger on the buy button early this morning instead of tomorrow. It could prove to be a downward blip, but no prediction intended.

[broadwood] 05/8/2013 17:22

Yep, nice price turn around today.

[redartbmud] 05/8/2013 17:19

It looks like Mr Market is betting on some spectacular results tomorrow.

[advfn analysis] 12/5/2013 20:54

Rotork chief springs to tap new openings Financial Times
Posted on: May 12th, 2013 - 8:52 pm

[redartbmud] 28/4/2013 14:13

APAD

I added to my Renishaw holding on the back of the Spectris results, having previously reduced my weighting.

My long term holds incude Spirax-Sarco and Brammer.

All are quality businesses IMHO and have given me good growth so far.

red

[apad] 28/4/2013 09:14

red
I wish I could add to ROR but they are 5% of my portfolio now - rules are rules!

Your description sounds a bit like RSW (7% of portfolio - they are allowed to grow above 5% but not above 10%), which I know well and is also in the area.
RSW marked down on Spectris results and it has a statement on 3 May.
RSW staff backed it in 2008 by accepting short week working.

I think investors can be too focused on financials and miss a lot by not looking at the culture of a company and its technical or business edge. Finance gives us a common language to discuss companies as if they are money machines - it's not enough:
When I worked for BMC the management said to us "we are not in the business of making cars, we are in the business of making money".......
apad