Rws Share Discussion Threads

[market sniper1] 13/10/2015 10:03

Good reading.

[market sniper1] 13/10/2015 09:23

RWS...... share price now through 155p resistance level.

Looks to be plenty left in this one when you look at the under bought oscillators.

[market sniper1] 13/10/2015 09:14

RWS Holdings sees FY sales above market views

StockMarketWire.com

RWS Holdings sees FY sales of £95.1, which would be above market expectations and represent an increase of 2% over 2014 (£93.6m) or a 5% increase on a constant currency basis.

Following a flat sales performance in the first six months on a constant currency basis, with reported sales of £45.4m (H1 2014: £46.9m), RWS has enjoyed a significant recovery in the second six months with sales up almost 10% sequentially to £49.7m (H2 2014: £46.7m).

"This performance reflects further organic growth across the Group with good results from the core patent translation activities, which benefitted from the conversion to sales of clients won in earlier periods, and a spike in patent applications arising from the 2011 America Invents Act; from growth in the subscriptions for the high margin PatBase database (+8%); and from a return to growth in inovia (+5%)," the company said.

Adjusted profit before tax (before amortisation of intangibles and share option costs) is estimated to be approximately £22.5 million, again ahead of both market expectations and the prior year.

The RWS balance sheet shows further strength with shareholder funds in excess of £85 million and net cash of approximately £30 million.

The directors anticipate that this strong balance sheet will underpin the Group's acquisition strategy and its progressive dividend policy, with the final dividend payable to shareholders in February 2016.

[market sniper1] 13/10/2015 08:35

Now up 11.5% on the day, nice, very nice.

If I do say myself.

[phillis] 13/10/2015 07:48

Outstanding cash generator
Significant dividend growth to come

[market sniper1] 13/10/2015 07:44

RWS........ Ahead Of Market Expectations .....Year End Trading Statement.....

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[jeffian] 11/8/2015 10:53

I was on the verge of buying some more at these levels but there is a nagging doubt about the currency conversion issues. Normally, I take this in my stride if it's just a case of converting 'foreign' profits into Sterling, but it becomes more of an issue if sales/revenues are in one currency and costs are in another, because then margins and profits really do get squeezed (or inflated) in cash terms.

The current position seems to be "Net estimated Euro trading exposure hedged at an average rate of 1 Euro = 81p until 31 December 2015". The Euro is currently trading around 12% below that! That would have quite an impact from 31/12/15 without any recovery in the Euro, wouldn't it? A significant proportion of our revenues are in Euros, but does anyone know whether our costs are incurred in Euros or Sterling?

[deadly] 27/7/2015 10:46

This has been surprisingly very lively of late, despite the market's malaise.
Don't know of any reason for it though?

[jeffian] 02/6/2015 19:45

Go on then.

[prita] 02/6/2015 08:23

Yet another unispiring set of results and outlook. The buisness looks like its become stagnant and the outlook doesn't suggest any major improvement. I think its time to get out...

[squintyflinty] 01/5/2015 12:54

Thenks Jeffian for putting me right.I didnt know about the share split.

[jeffian] 01/5/2015 11:02

Eh? Have you taken account of the 5:1 share split?

Div 4.58p / share price 132.25 = 3.46%

[squintyflinty] 01/5/2015 10:44

The dividend on this is 16%.......Wow

[deadly] 24/4/2015 08:56

New lows; the market doesn't like the update.
Where is the support level for this. About 125?

[phillis] 17/4/2015 08:25

still a bit oversold I think

[jeffian] 16/4/2015 19:23

Yes, I picked up on that but when I went back to remind myself of dividend cover, there's not that much room for manoeuvre. The current divi of 22.9p is only covered 1.5x by statutory eps, and 1.8x if you use their "adjusted" figure.

[phillis] 16/4/2015 19:12

Note the scope for further large increase in dividends

[buffetteer] 16/4/2015 12:29

I sold out late last year and am awaiting re-entry .I don't think 17x forward earnings is good enough value yet .Great company ,bad value

[phillis] 16/4/2015 12:15

if you want to focus on a negative, then focus on inovia

[jeffian] 16/4/2015 10:19

Agreed, grahamburn. If it wasn't for the currency translation issues, there's still plenty to like about this excellent company which has proved time and again that it can adapt (remember 'the London Agreement'?) and continue to generate cash. China looks promising. There's two sides to every deal; although I've already got plenty already, I might just buy aishahq's!