Rotork Share Discussion Threads

[chiefbrody] 14/1/2021 17:26

Aye. Looking good.Can't find any specific news so just assume it's positive vibes.

[our haven] 14/1/2021 08:03

Looks like we are in breakout territory this morning

[chiefbrody] 06/1/2021 15:03

True. Todays rise means very little. Just caught up in the wave.Lets see what happens tomorrow (or the next day) when the powers that be turn on the UK markets again.

[our haven] 06/1/2021 11:33

Interesting to see that we have hit 340 but I temper my enthusiasm in looking for the breakout as we are up across the board. If it holds on a market retreat, then that is a completely different matter. Fingers crossed.

[chiefbrody] 05/1/2021 17:34

Rate of ascent is slowing but still edging forward.2nd March for FY 20. If the hacks are right and money does return to the dogs of the world (UK markets), we might see new highs.

[our haven] 29/12/2020 19:06

It has been in a very narrow range for sometime

[chiefbrody] 29/12/2020 17:21

What level would you consider a breakout? Surging past 350...?

[our haven] 29/12/2020 12:16

Could be finding its new range at these levels but I am still looking for the breakout.

[our haven] 17/12/2020 07:26

Philanderer. Seems a bit of a tinkering of a adjustment at just over 3 percent increase. Guess that they would have to change their hold rating for something more meaningful. Suggests that they think that it stay in this range. I am hoping that we see a breakout which I believe possible.

[philanderer] 16/12/2020 09:47

SOCGEN RAISES ROTORK PRICE TARGET TO 310 (300) PENCE - 'HOLD'

[our haven] 16/12/2020 08:52

Let's see if it breaks through this time. If it can, I would expect to see a reset to the bottom but we have been here four times recently and on each occasion it has retreated

[redartbmud] 07/12/2020 10:54

phil

We are stuck in a range and the analysts are tinkering with their recommendations.
Nothing happening to change sentiment.

[philanderer] 07/12/2020 10:17

JPMORGAN CUTS ROTORK TO 'NEUTRAL' ('OVERWEIGHT') - TARGET 310 PENCE

[philanderer] 01/12/2020 11:24

GOLDMAN SACHS RAISES ROTORK PRICE TARGET TO 280 (275) PENCE - 'NEUTRAL'

[philanderer] 27/11/2020 11:18

Indeed red 😀

Here's another guess

CREDIT SUISSE RAISES ROTORK PRICE TARGET TO 280 (230) PENCE - 'UNDERPERFORM'

[redartbmud] 25/11/2020 14:05

phil

Quote currently 318 -319.

Bit heavier weight required from JPM to catch up!!

[philanderer] 25/11/2020 13:29

JPMORGAN RAISES ROTORK PRICE TARGET TO 310 (300) PENCE - 'OVERWEIGHT'

[our haven] 25/11/2020 07:21

Chiefbrody, a good update across the board and the market should like IMO.

[chiefbrody] 25/11/2020 07:03

The Group's performance in the first ten months has demonstrated the improved resilience of the business. Although there remains uncertainty on the continuing impact of the Covid-19 pandemic, and risks of temporary factory closures and logistics issues, we expect 2020 adjusted operating profit to be at, or slightly above, the top end of the range of current market expectations(2) .Rotork will publish 2020 full-year results on Tuesday 2 March 2021.

[our haven] 22/11/2020 17:21

Chiefbrody, quality company and looking forward to the update

[chiefbrody] 21/11/2020 10:16

Trading statement Wed. Hopefully the momentum will continue.

[philanderer] 20/10/2020 11:09

Berenberg upgrades ‘underappreciated’ Rotork

Berenberg has upgraded Rotork (ROR) as it believes the engineering group is one of the ‘highest-quality stocks’ in UK industrials.

Analyst Joseph Bloomfield upgraded his recommendation from ‘hold’ to ‘buy’ and increased the target price from 230p to 370p. The shares rose 2.6% to 315.4p yesterday.

Bloomfield upgraded his rating ‘on the basis that weakness in oil and gas is well known, and we struggle to see sentiment incrementally worsening from here’, the fact the business was well managed through the downturn, and its ‘underappreciated’ cash position.

‘For full-year 2021, the shares trade on a 24.5 times price-earnings… which represents a 38% discount to other quality UK industrials compared to Rotork’s historical average premium of 1%,’ he said.

[redartbmud] 05/8/2020 08:39

If the restructuring plan works, and there is no reason to suppose that it will fail, I would expect to see new business and improved margins.
That should underpin the share price.

[our haven] 05/8/2020 08:32

Disconnect between those broker notes and both the share price and the company update. Quality company doing well considering the market.