Rws Share Discussion Threads

[toffeeman] 21/4/2022 11:21

£6.50 would make me a small profit!

Brode needs an exit which will protect IHT which AIM confers

[devonlad] 21/4/2022 11:12

£6.50

[brain smiley] 21/4/2022 11:08

Brode owns around 40% and is in his eighties.A takeover might give him a good exit.

[martinthebrave] 21/4/2022 10:40

Possible Bid form Baring.

[matthew palmer] 09/4/2022 12:15

Anyone on TECHINVEST, I am wanting to form a group of similar minded people to discuss its views etc and information.

Click my name and send a message.

[redartbmud] 24/3/2022 19:53

Can't say that I am desperate to buy.
As commented on there are a few geadwinds that should hold back the share price, and in these markets negatives crucify the price.

[brain smiley] 24/3/2022 19:33

Anyone know what the forecast organic growth figure for 2022 and 2023 is ? From an earlier RWS results statement the IP business is said to represent 16% of the group.

[wad collector] 24/3/2022 19:24

Another NED buy today didn't stop a further fall , I can't decide if it's a tempting bargain or one to watch for longer. Is the 4 yr low going to become a 5 yr low tomorrow?
We hold rather too many of these, especially as the entry point was £6. Sit on hands or add in the morning?

[martinthebrave] 24/3/2022 17:19

EU Unitary Patent was stated yesterday to be a £12m Hit. Russia is a further 1%, or another £1m or so. Together with investment ratcheting up these things are responsible for growth slowing to the C.4% per annum until 2024, before building back to 6% in 2025. Margins are also expected to improve over time but I missed the quantum. Hope that helps!

[phillis] 24/3/2022 15:44

Elsa
Don’t think so

[jeffian] 24/3/2022 15:07

I haven't seen much comment about yesterday's TU but what I have seen (Times) seems to confirm my suggestion that the EU Unitary Patent may be the biggest factor behind the fall. This has been known about for years and was supposed to be brought in some time ago, but was temporarily deferred before. Given that this was known about - if uncertain on timing - one would have expected it to be priced in. I still feel this is a buying opportunity.

[redartbmud] 24/3/2022 14:44

No doubt a few institutions will reposition.

15x isn't unreasonable.

[mbdx7em21] 24/3/2022 14:21

taken advantage of today's pull back. some large/chunkie sales reported including a sell at 1.3m. a position seems to be being cleared.

[elsa7878] 24/3/2022 14:05

Thanks - I was being a it tongue in cheek as you probably gathered.
The market is huge and the opportunities for organic and acquisition led growth are excellent on the language side. Shame about the patent business.
Question is what multiple to now assign to it.

15 x seems about right I think so 380?

[redartbmud] 24/3/2022 11:45

elsa

From what I saw in the presentation, they are a very professional outfit and have some very talented employees and management.
The client list is one that can only be dreamed of.
They have work in progress to complete parts of their systems to futher improve what they do. This will take a little time and money to achieve.

One of my concerns was the part fragmentation of parts of the admin, such as personnel and maybe the finance function - invoicing, supplier payments etc. as they have regularly added bolt on's and particularly the big purchase of SDL.
That was addressed in the presentation as being on the agends.

They now have a wide spread of activity in their field and there is plenty of ongoing business for them to address. Once imbedded with a blue chip customer the relationship is long term.

I am a happy holder, although the share price is well below the £6+ of not so long ago, I only see the business going forward. They are very acquisitive, but genertae cash easily and in quantity that allows these transactions. Integration is second nature to them and each addition adds value. The share price will undoubtedly recover some of the lost ground, although there has been a big sector rotation based on the macro views of economies and markets.

Investing is personal. Always do your own research and make your own decisions on the fundamentals.

red

[elsa7878] 24/3/2022 11:30

Was it? Should I sell? And was the answer yes?

[redartbmud] 23/3/2022 22:10

Phillis, I did and asked a question too.
Very informative.

[phillis] 23/3/2022 20:20

Yes - a lot
Why don’t you try following the presentation.

[redartbmud] 23/3/2022 19:47

Well there was about two and a half hours of in-depth commentary by the team. Something in there must be relevant.

[phillis] 23/3/2022 19:16

Why is any individual response relevant?

It is fundamentally clear that patent translation - which was the business core some years ago - is not where the future is
The SDL Acquisition has dramatically changed the direction of the company and materially cements customer relationships

[redartbmud] 23/3/2022 17:30

Who has attended the Capital Markets Day online today, and what is the reaction to it?

[disc0dave45] 23/3/2022 14:27

Quick calcs and I get circa 25p eps even at the low pre tax profit forecast.That puts this on a forward PE of only about 15x. Although rated higher for growth, in the last five years it's PE hasn't gone below 25x, so a decent buy in level IMO.

[mbdx7em21] 23/3/2022 14:08

excellent entry point opp

[value viper] 23/3/2022 14:04

Interesting This is a global leader in its fieldWondered if PE might take this business on No debt - strong cash generator etcNRI

[phillis] 23/3/2022 14:01

and he is leaving shortly
What does that tell you!