Rws Share Discussion Threads

[mfhmfh] 13/2/2018 13:23

Post 730 seems to put everything into context IMHO

[mfhmfh] 13/2/2018 12:12

IC says buy

[fbrj] 13/2/2018 11:33

Numis 13 Feb - Add - Target Price 490p (same as before)

[martinthebrave] 13/2/2018 09:59

For what its worth:

Feb 2014 PE 23x EPS Growth 10.3%
Feb 2015 PE 20x EPS Growth 9.3%
Feb 2016 PE 20.3x EPS Growth 20.8%
Feb 2017 PE 27.4x EPS Growth 21.3%
Feb 2018 PE 22.6x EPS Growth 33%

EPS Growth is 12 month rolling from Stockopedia.

Looks attractive on that basis IMO.

[discodave4] 13/2/2018 09:13

Goes with saying with 85% rev $, but "Exposure to the US Dollar is more balanced as the Group has dollar debt and dollar revenues."They also have a very good Euro hedge in place.DD

[phillis] 13/2/2018 09:07

Big $ content in Group revenues (and a lot of $ interest)
RNS says notwithstanding a strong $ forecasts are being met

[alphabeta4] 13/2/2018 09:05

FWIW forward was 26 as of 14/2/17 on central analyst projections for 2018 so on a 13% discount compared to a year ago. (I have a print of an old Morningstar note).

[discodave4] 13/2/2018 08:38

Forward PE 23, PEG 0.8, what's not to like?. The fall in the last month was overdone and went into value territory IMO, hence picked some up at 372. Would not say Q1 fx headwinds equates to a profit warning.DD

[redartbmud] 13/2/2018 08:20

RB

Agreed, sit on your hands time during a period of digestion.

[r ball] 13/2/2018 08:16

Don't think so. What's important is the forward PE. Mild profit warning and share price will tread water for 3-4 months unless there is corporate activity which is unlikely given reference to integration period.

[hatfullofsky] 13/2/2018 08:06

Should we read anything into started well for Q1 v strong start in the first two months.

Closed the spread bet but will keep my holdings

[discodave4] 13/2/2018 08:04

Think you have read the wrong RNS.

[martinthebrave] 13/2/2018 07:27

In Line AGM update today.

US exchange rate headwinds mentioned but these are hardly a surprise.

More importantly:

"The current financial year has started well....."

"the Board is confident of further substantial progress in 2018.....".

As good as we could have hoped for after Q1.

[r ball] 13/2/2018 07:18

Mild profit warning...

[mfhmfh] 07/2/2018 10:37

hopefully a recovery in the share price starting. oversold IMHO. GLA.

[orange1] 07/2/2018 09:31

AGM statement next Tuesday.

[phillis] 07/2/2018 09:13

Good repeat rec from Questor in the DT this morning

[discodave4] 06/2/2018 13:44

Bought in this morning at 372. RSI is over sold and below SMA 200 which is a rarity.DD

[fbrj] 06/2/2018 10:00

I've added too Oxman (since 25th Jan) in equal tranches - 425p 413p 395p 387p - so I know how you feel! It is below the 2 and 3 year trend line which I believe gives you an share price of around 440-450p, provided of course the Co continues to "deliver". Even today the bid has picked up from 360 to 380p. This stock is my second largest holding and, assuming no performance surprises to the downside, will continue to be a long term hold for me.

[its the oxman] 05/2/2018 14:17

Added at 420p. That was a mistake. Seems to have been hit hard recently.

[jeffian] 31/1/2018 17:19

Not sure about your "debt" comment. RWS is hugely cash-generative, most of which is reinvested in acquisitions for growth. It had "Net debt at year end of £20.2m (2016: £1.5m), after the £74.8m cost of the acquisitions of LUZ and Article One Partners "AOP" and the £40.0m gross proceeds from the placing in February 2017". I imagine the figure you quote is a snapshot in time after the acquisition of Moravia in October, for which they took out a $160m facility for 5 years.

[hatfullofsky] 31/1/2018 14:31

Trading on x18 MCAP (1.2bn) v PBT eFY18 (65m)

SP close to Placing Price 425p - Oct 17

Debt ~ $175m (not so small anymore) but still < x3 PBT

"The Group has made a strong start in the first two months of the new financial year, in line with our expectations that we will continue to build upon the record levels established in 2017"

AGM update on 12th Feb

Bought in this morning in anticipation of good news at the AGM