Rotork Share Discussion Threads

[essentialinvestor] 23/9/2015 15:03

Goodness that even rules out HLMA, fair does.

[tongosti] 23/9/2015 15:02

EI - I am aware of both as I do like their underlying businesses.

However, I don't know much about them because I only follow companies with no net debt on their books.

Very restrictive I know but it works for me because of another major benefit: it has also restricted my investment universe in less than 50 companies (which on the other hand allows me to start to get to know each of these companies a bit better over time).

[essentialinvestor] 23/9/2015 14:19

Any view on SMIN or IMI tong? - apologies off general topic.

[tongosti] 23/9/2015 13:36

It will indeed represent a better value at 155 but not an amazing one. In my estimation, 155p level is consistent with an upside/downside profile set at 1.25 where the expected 5-year cumulative expected return stands at 120%. Hopefully, Mr Market will get very depressive on ROR over the next few months + no takeover bid is launched. I know it's too much to ask!

[essentialinvestor] 23/9/2015 10:20

I thought around the 1.55 mark there is value, there are huge cut backs
still to come in the O&G sector, look at the Total announcement this morning.

ROR is a quality company, it's a little gem imv, just operating in exceptionally
tough end markets atm.

May be bid for at any time, that can't be ruled out, all IMV only.

[tongosti] 22/9/2015 21:59

Jefferies downgraded ROR earlier on with a new price target of 155p.

[tongosti] 22/9/2015 08:26

Can see ROR going to 150 before the next trading update. If that one does not come good either, then all the way down to 1 which should be the bottom (assuming no significant changes to the company's financial position) me thinks as you will have every man and his dog buying hand over fist at that level. Will see...

[tongosti] 21/9/2015 10:44

Never trust WS / City analysts. Most of them are just following the crowd and are much better at describing reality than anticipating events. They are just salary takers who have to show they know something (they don't, in my humble opinion). Having said that, happy that the price is tanking though as it allowed me to finally get my feet wet and open up a position early this morning!

[apad] 21/9/2015 09:41

Yankee downgrade this morning.
apad

[tongosti] 21/9/2015 08:17

Predictable - drifting down until more clarity is provided next time on where the company is standing with regard to oil & gas sector revenue.

[tongosti] 18/9/2015 15:40

:) I think - unless the sentiment in he oil and gas sector turns considerably bullish - this will most likely drift downwards until the next trading update. Not to despair too much though as this is a top quality business and it will be a good opportunity to top up if the share price goes south. Having said that, there is one thing (it's always he case is t it?) don't like about ROR: they are serial buyers and I have never been a big fan of expanding through acquisitions.

[meijiman] 18/9/2015 15:08

Wind up! I did guess you meant rocket.Market not sure about how to price this one..

[tongosti] 18/9/2015 13:51

I thought a smart fella like yourself could make a guess that it is all down to predictive texting (which goes wrong some times apparently). Just in case... meant pocket!

[meijiman] 18/9/2015 13:43

Where do these prockers come from?

[tongosti] 18/9/2015 12:54

Even though i would prefer better the CEO or CFO to buy a handful of shares, it is encouraging when one of the MDs coughs up £50k out of own procker to buy shares. Dave Littlejohns must feel confident in the company and especially the fluid systems divisionGood weekend all

[redartbmud] 17/9/2015 13:41

tong

I think that you are right.

red

[redartbmud] 17/9/2015 13:01

Customers have been destocking like crazy to conserve cash. Projects cancelled or deferred.
We all saw it coming but long-term do you want to be in or out. In hindsight sell before the results and buy back 15% cheaper is good business. But how many had that hindsight?

[deadly] 17/9/2015 10:47

Susceptible to a bid from the US at these levels, like so many good British companies in the past and present.

[tongosti] 17/9/2015 10:09

I love this company. It has been one of the best business to own in the UK market for years and years. I have been out for a long while but watching. Events like today's should be welcomed as they offer one the opportunity to jump in. Having said that, I will await for a bit longer in the hope that Mr Market does is all a favour and gives us ROR with a much improved risk reward profile. GLA

[essentialinvestor] 17/9/2015 08:43

More of this to come for the sector imv.

MRO's patience may pay off as this is their favoured sector.

[meijiman] 17/9/2015 08:40

Not with what has been dished out today. Pretty poor stuff.........

[broadwood] 28/8/2015 16:25

Market seems very happy with it.