Rotork Share Discussion Threads

[our haven] 10/1/2022 07:56

Internal appointment for CEO then. Should hit the ground running as he has the knowledge of the business.IMO the market will like the stability.Guess in time, we will see his vision for this quality business.

[yellowstoneadvisory] 04/1/2022 10:34

Jonathan Davis, Group Finance Director and Andrew Carter, Investor Relations Director, will provide an introduction to Rotork and update on Corporate performance during 2021 at our first webinar of 2022. Tuesday 11th Jan at 12.30pm

Register:

[redartbmud] 14/12/2021 14:42

phil

These brokers are fiddling up and down all the time. Rotork isn't big enough for them to sharpen their pencils too often, as they do with FTSE 100 companies.
I just look at the fundamentals, long term holding and what they say in their updates. Downward share price movements are an irritant, but part of the game.

Played the algos a few times on Renishaw recently. So far I am ahead of the game.


red

[philanderer] 14/12/2021 14:32

Rotork was weaker after a downgrade to ‘add’ at Peel Hunt.

Sharecast.

[our haven] 03/12/2021 08:43

Getting a boost by the broker upgrade this morning by JP Morgan from neutral to overweight.

[bathcoup] 20/11/2021 09:13

Just out of curiosity, rogue, are you holding ROR? I bought 700 shares (before 10:1 split) in early 2008, saw them nearly halved later in the same year. Not a great investment for me, so far.

[pogue] 20/11/2021 08:16

My experience of actually buying valves and instrumentation recently is that vendors have stopped taking orders as delivery dates are now well into the back end off next year so pointless as if you need equipment the end off next year is pointless unless you are working in a very long project. I suggest that the share price here is going down further until covid us gone and supply chains work again and since we are experiencing lockdowns across the world again it maybe longer than Rotork are suggesting. There will be a fantastic buying opportunity here at some point I suggest.

[bathcoup] 19/11/2021 21:14

Maybe I'm naïve but I'd have thought ROR should break such bad news, yesterday's TS, before the Share Buyback Programme was completed so that they could buy shares cheap.

[philanderer] 19/11/2021 10:56

BERENBERG CUTS ROTORK PRICE TARGET TO 410 (425) PENCE - 'BUY'

[chiefbrody] 18/11/2021 18:36

An over reaction (again).Still, glad I sold 40% the other day. Another few days in the red is a great entry point for newbies, imo.

[redartbmud] 18/11/2021 11:19

It is what it is. Hold for now.

[philanderer] 18/11/2021 10:55

Another one hit by supply chain issues.


JPMORGAN CUTS ROTORK PRICE TARGET TO 335 (350) PENCE - 'NEUTRAL'

[philanderer] 08/11/2021 10:55

MORGAN STANLEY RAISES ROTORK PRICE TARGET TO 410 (406) PENCE - 'OVERWEIGHT'

[chiefbrody] 05/11/2021 09:39

Just over 1.5% of the shares have been purchased (cancelled) and the share price up 10% approx.

[chiefbrody] 05/11/2021 09:28

By my calcs, last day of the buybacks will be Tuesday.Guess the share price might take a short term breather then.

[chiefbrody] 04/11/2021 16:35

Still another couple of weeks of buybacks to go.Santa says 400p for Xmas.

[chiefbrody] 16/9/2021 15:15

Another couple of days and all time highs in sight.

[chiefbrody] 07/9/2021 19:20

Buybacks doing ok here.

[philanderer] 07/9/2021 12:35

MORGAN STANLEY RAISES ROTORK PRICE TARGET TO 406 (400) PENCE - 'OVERWEIGHT'

[pogue] 19/8/2021 11:31

Short term the report is wrong, O&G companies will be doing a lot of buying soon as they have to maintain their facilities they have not been doing so for a year or two. In the end safety is far more overriding. The costs for a rig that blows up are significantly higher than a new shutdown valve.
Long term probably will suffer but that is a long time away and in the future hydrogen needs higher spec, ie price, valves than oil and gas so a whole new market opens up. Not to mention ammonia plants which are used to convert hydrogen to ammonia for long distance transportation or as an alternative fuel.

[philanderer] 19/8/2021 10:54

Rotork was suffering pre-Covid, says Shore Capital


Engineering group Rotork (ROR) had been suffering from slowing revenue growth even before the pandemic and the market is not positive about the company’s prospects, says Shore Capital.

Analyst Tom Fraine retained his ‘sell’ recommendation and ‘fair value’ target price of 240p on the stock after it announced plans for a £50m share buyback programme. The closing share price was up 1.1%, or 3.6p, at 339p on Wednesday.

The stock trades on 27x earnings per share forecasts for 2021 but Fraine said a price/earnings ratio closer to 20x ‘would more fairly reflect Rotork’s growth prospects and risk profile’. The analyst said the current rating ‘underestimates the long-term risk profile of the business due to exposure to the oil and gas sector, which may come under increasing pressure from global decarbonisation’.

Fraine also highlighted ‘slowing revenue growth even prior to the impact of Covid-19’. Although management has ‘demonstrated an impressive ability to grow margins significantly despite weakness in sales in recent years’, forecasts have been downgraded by 24% over the past two years, he said.

[11_percent] 18/8/2021 08:47

Share buy back should get the share price up a bit.

[philanderer] 06/8/2021 10:21

BERENBERG CUTS ROTORK PRICE TARGET TO 425 (430) PENCE - 'BUY'

[chiefbrody] 05/8/2021 17:05

Volume decreasing so hopefully the last of the panic sellers gone for now.Onwards and upwards.

[our haven] 05/8/2021 14:45

Let's hope that they have called it right