Rws Share Discussion Threads

[woodhawk] 07/6/2018 08:20

Yes, great results. Took some early profit on the spike at 404p.

[mfhmfh] 07/6/2018 08:12

excellent RNS today. US interest rates predicted to be raised at least twice more this year so should improve exchange rate even more. All IMHO. GLA.

[broadwood] 07/6/2018 07:42

RWS said sales increased 82% to £139.6m from £76.6m, including a £52.1m five-month contribution from Moraviain in the six months to 31 March 2018.

HIGHLIGHTS:

- 5% underlying growth on a constant currency basis

- Adjusted operating profit up by 61% to £30.5m (H1 2017: £19m)

- Adjusted profit before tax up by 47% to £28.6m (H1 2017: £19.4m) including a £4.7m five-month contribution from Moravia

- Underlying growth of 12% on a constant currency basis

- £1.8m impact from adverse exchange rate movements

- Adjusted earnings per share was up by 19% to 8.2p (H1 2017: 6.9p)

Interim dividend increased by 15% to 1.5p (H1 2017: 1.3p)

- Net debt at period end of £82.8m (H1 2017: £31.8m), after £242.3m net cash outflow for the acquisition of Moravia and £46.2m outflow for repayment of borrowings, reflecting continued strong underlying cash generation

- Acquisition of Moravia funded by a £182m share placing and a $160m refinanced loan facility

RWS chairman Andrew Brode said: "RWS has delivered a solid performance over the first half, despite the challenges presented by currency headwinds and we are pleased with the progress we are making with managing the assimilation of Moravia.

"The group's trading performance since the period end has been in line with our expectations, and we are pleased to see currency headwinds abating.

"Moravia, in particular, has enjoyed an excellent start to the second half with new client wins since its acquisition, and we are encouraged by good momentum across the group.

"As the premier global supplier of intellectual property support services, a major force in life sciences and a global player in localisation, we are exceptionally well positioned to drive further international expansion.

"The Board is, therefore, confident of further progress in the second half and beyond."

[jimbowen30] 07/6/2018 07:17

Mad - all you need to consider is that Brode owns over 30% of the company :)

[fbrj] 07/6/2018 06:59

15% increase in dividend also a reassuring signal "reflecting the group's strong financial position and the board's belief in further progress". The previous interim dividend was increased by 13%.

[phillis] 07/6/2018 06:51

Yes excellent results RWS/AB
Reorganisation seems to be bedding in nicely and I particularly like the growing position in China

Strong hold

[mad foetus] 07/6/2018 06:33

Yes, happy with that, although I don't like it when companies refer to management expectations without telling investors what they are. But should allow the share price to continue to recover.

[mysteronz] 07/6/2018 06:13

"The Group's trading performance since the period end has been in line with our expectations, and we are pleased to see currency headwinds abating. Moravia, in particular, has enjoyed an excellent start to the second half with new client wins since its acquisition, and we are encouraged by good momentum across the Group.

Sounds good from a usually conservative company :)

[woodhawk] 01/6/2018 11:19

Looking forward to the results next week,should give RWS a kick upwards back where it belongs. Also looking forward to when it resumes the long term upward trend at circa 550p.

[mad foetus] 01/6/2018 07:25

Another good start, feels like the trend has definitely changed.

[woodhawk] 31/5/2018 10:17

Yes, the 'headwinds' are now 'tailwinds'!! LOL.

[mad foetus] 31/5/2018 10:05

Bought in, well oversold and should now bounce back, especially given sterling weakness.

[fbrj] 30/5/2018 19:10

At last.....a flicker!

However, LTG up on the day 6.8% and RWS 4.4%. C'est la vie....

[fbrj] 25/5/2018 11:25

I've continued to take profits on LTG and reinvest here - quite a substantial holding now. I've also put a smidgen into another Brode company, recently listed, called GRC International - huge spread and thinly traded. Only 2 MMs.

RWS is finding it hard to crack 350p, having had several attempts over the last couple of weeks. I'm hoping for a substantial rerate, especially as the reason for the recent share price fall (currency) is not so applicable now.

[robow] 25/5/2018 09:37

The Daily Telegraph
Shares in patent translator RWS have fallen because of currency movements, but that presents an opportunity to buy into a business with good fundamentals (385p).

[phillis] 21/5/2018 10:47

Bloomberg
£ slides to 2018 low against $

[woodhawk] 18/5/2018 14:44

When they're back at 550p - everybody will be buying! Best to buy before the herd, I usually find.

[gr4nts] 18/5/2018 09:16

Well just added to these - think they are good value right now. In fact hard to see anything negative here.

[woodhawk] 16/5/2018 13:43

Ah, I thought they might have - thanks for the confirmation, robinnicolson, much appreciated!!

[robinnicolson] 16/5/2018 13:10

Woodhawk

Ref: SCPA

Yes, in the month ending April 30 the fund bought an additional 200,000 shares, increasing its stake by 8.16% to 2,650,000.

[jimbowen30] 16/5/2018 13:06

Thanks Jeffian.

[jeffian] 16/5/2018 13:04

jimbowen30,

Yes, it's tacked onto the end of the main article about Capita.

[phillis] 16/5/2018 13:01

I bought my first large chunk of these back in 2008 when that idiot Julian Cooke at Gartmore (?) was offloading

Great business model, currency issues to be expected
The key thing is markets, share in those markets and management competence
No adverse signs yet

[jimbowen30] 16/5/2018 12:56

TDay - yes is a qualifying company.

Jeffian - is the Questor article from today?

[woodhawk] 16/5/2018 12:46

So they added circa 10%. Thanks for info. Any idea if they've been adding to their SCPA holding recently?