Rws Share Discussion Threads

[outfly] 04/5/2018 11:20

Nice turnaround, let's hope it carries on.

[jeffian] 03/5/2018 14:45

I am continuing to buy at these levels. I think hindsight will prove this was a great buying opportunity.

[woodhawk] 03/5/2018 09:29

My thoughts exactly, rampmeister. I've been adding at the lows. This share is a longstanding favourite with the guy that runs the Buffetology Fund (who hold around 6%, I think). I imagine they could well be adding to their holding at this sort of level.

The £ has also plummeted recently against the $ (the exchange rate being the prime cause for the drop in the sp), so if this persists, we ought to see the share price rapidly heading back to the highs or exceeding them - maybe 550-600p with more favourable currency conditions?

[rampmeister] 01/5/2018 10:16

Just followed you in Woodhawk. Have been watching for a while and finally taken initial stake. Note consensus amongst 3 covering brokers is revenue £301m. for year ending 30/09/18 up 83% on last year yet price is off 31% from annual high point. Clearly market thinks forex issues are a serious negative but I'm pleased to be offered such an attractive entry point.

RM

[woodhawk] 30/4/2018 10:00

Taken my maiden stake in RWS this morning. Looks very oversold on the back of some excellent results temporarily adversely affected by exchange rates. Seems to be lots of this over-reaction going on lately.

[phillis] 30/4/2018 09:46

currency headwinds set to reduce

[woodhawk] 29/4/2018 18:33

R Ball,

I've just glanced at your consistently puerile posts on various other threads. Why even bother? Totally moronic... and filtered! Byeee!!

[r ball] 29/4/2018 17:16

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

[phillis] 29/4/2018 16:46

yes indeed
He comes across as being a bit dim

[woodhawk] 29/4/2018 07:20

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 21:19

Clear as mud

[r ball] 28/4/2018 18:30

But when price starts to go up. Avoid

[alphabeta4] 27/4/2018 08:48

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

[jeffian] 25/4/2018 22:14

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 19:51

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 19:40

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 18:57

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 18:56

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 11:18

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

[jeffian] 24/4/2018 10:50

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

[phillis] 24/4/2018 10:34

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

[hew] 24/4/2018 07:58

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 07:44

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 07:44

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 07:30

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.