Rws Share Discussion Threads

[r ball] 29/4/2018 18:16

It's not worth buying this share until the trend resumes Ie price hits 450p

[phillis] 29/4/2018 17:46

yes indeed
He comes across as being a bit dim

[woodhawk] 29/4/2018 08:20

R Ball seems to be one of those mugs who believe that his simplistic one-liners will have some bearing on the share price. Who on earth gives these idiots are creedence?

[alter ego] 28/4/2018 22:19

Clear as mud

[r ball] 28/4/2018 19:30

But when price starts to go up. Avoid

[alphabeta4] 27/4/2018 09:48

Exchange rate vs the dollar taking a battering this week - will be good news if it holds.

[jeffian] 25/4/2018 23:14

What's "momentum" got to do with "profile of loans" which is what you were telling us to look at last time?

"Avoid until price hits 450". What? Don't buy at 378, wait until it's 450?

I'm confused.

[r ball] 25/4/2018 20:51

Ok. I tend to follow momentum and as they say the trend is your friend until the end. Avoid until price hits 450

[jeffian] 24/4/2018 20:40

Funnily enough, Brode's other company, LTG, also announced a big US acquisition today. Looks familiar?!

"Learning Technologies Group plc

("LTG" or the "Company" or the "Group")

Proposed Acquisition of PeopleFluent for $150 million (GBP107 million)

New and complementary talent management platform and capabilities

Transformational for US presence

Immediately and significantly earnings enhancing"

[jovi1] 24/4/2018 19:57

was following this from distance and now it seems a good opportunity to get in but market to be market I suspect it will sell little more before coming back
I think within next few days especially tomorrow after 9 or 10 am this will be little less than now mostly for market stealing share and various adjustment fund do
having say that I may regret not having deep my toe in at close

good luck you all

[jeffian] 24/4/2018 19:56

Not sure I follow you. They raised £185m via equity placing when exchange rate was $1.32. It's $1.40 as I write so there's an adverse 6% currency movement but this is a 'lifetime' acquisition so not sure that 6-month timeframe means much. The rest was raised via $160m loan, so loan moves in line with $ assets and earnings. What about the "profile of loans"? RWS is highly cash-generative and tends to take out short term loans and pay them down quickly. Their track record in this area is excellent. When Brode says -

"• Is at an attractive valuation for one of the few major localisation providers focussed on the high growth technology sector in a highly fragmented market
• Is expected to be highly and immediately earnings enhancing for RWS shareholders"

- I'm inclined to believe him.

[r ball] 24/4/2018 12:18

Yes. But they overpaid. You need to look at profile of loans....

[jeffian] 24/4/2018 11:50

I read this as a $/£ translational issue and have taken the opportunity to buy more.

[phillis] 24/4/2018 11:34

Good time to buy
As on previous occasions
Underlying businesses performing well
Unique business

[hew] 24/4/2018 08:58

Dipped my toe in for first time. See the FX-caused drop as an opportunity. H1 report reads well to me with Moravia being shaped up: "first half client wins and its pipeline of new opportunities. The integration process is proceeding well and, in particular, a higher level of synergies....".

Solid operational statement overall IMO.
DYOR

[nocton] 24/4/2018 08:44

Massive overreaction, which we have seen before if you look at the chart above. There are too many speculators holding this share.

[discodave4] 24/4/2018 08:44

The fx hedges are until Sept, the dollar is balanced as reduces debt (as they have stated) and their euro hedge was better than last year........with 85% of trade outside the UK it's always going to be vulnerable to exchange rates, but still a very good business IMO.Not currently holding.DD

[r ball] 24/4/2018 08:30

Quite. But even if you hedge then it unwinds over time. I think this is more serious. It's a case of overpaying for Moravia when £ was weak against $. Hence the reaction.

[nfs] 24/4/2018 08:29

No it's on translating earnings , this is not hedged normally

[insideryou] 24/4/2018 08:16

Profit warning due to poorly managed currency hedge

[r ball] 24/4/2018 08:07

You have to read between the lines. This is a profit warning dressed up.

[opodio] 24/4/2018 07:56

RWS has performed well during the first half, albeit has faced significant exchange rate headwinds as flagged in our AGM statement in February 2018.



Pumpkin could get smashed

[r ball] 24/4/2018 07:26

Soft warning

[steptoes yard] 19/4/2018 19:03

City likes the update, be nice if pi's could see it

[discodave4] 19/4/2018 18:56

Looks like it!.