Rws Share Discussion Threads

[phillis] 12/6/2022 15:30

this used to be a simple business
note the amount of jargon creeping in

[robinnicolson] 10/6/2022 10:06

More from Davy Research, who have an 'outperform' rating for RWS:

"Whatever the depth of the Barings Private Equity (PE) approach to RWS, it should have highlighted the potential of what we see as: a growth stock, with a market-leading position, an exceptional balance sheet, which carries a FCF yield of c.9% for 2024E, and has c.15% of its market cap in cash by that point (twice that level by 2026E)."

[indiestu] 09/6/2022 15:16

Ok, well all very dull here. I can't follow the last fifteen minutes, got to get the dinner on. Fingers crossed for a close above 382.80.

[robinnicolson] 09/6/2022 07:35

Davy Research:

"RWS has released its H1 statement to March 2022. There are no surprises (the figures were well flagged in the HY trading statement). Management is signalling that its investment strategy is on track and we see a return to revenue growth rates of 6%+ by 2024E on an improving margin trajectory. This is clearly supported by an exceptionally strong balance sheet."

[w1lbur01] 09/6/2022 07:34

I have quite a lot but did buy a trading pot today

[indiestu] 09/6/2022 07:30

Ok, I'm calling the bottom at 375 this morning. Probably wrong, usually am. Its a lovely day out there.

[w1lbur01] 09/6/2022 06:37

Agree look good value at this price. But in this market who knows

[indiestu] 09/6/2022 06:29

Revenues up, EPS up, cash up, dividend up, debt down, SDL fully integrated. RWS is magic cash cow!

[catch007] 30/5/2022 09:54

Berenberg reinitiates RWS Holdings with 'buy' - price target 650 pence

[wad collector] 17/5/2022 11:34

Sure it is a big sum but there are over 800 AIM shares with a total value of over £90 Billion, he appears to hold 23% of the RWS issued capital , a value of £341M by today's price, not sure where the £5Billion value comes from.
So a gamble on the AIM market but anything better than a 40% loss is worth doing, just been through the process albeit on a sadly smaller scale.

[toffeeman] 17/5/2022 10:12

I don't think that is practical - which compan(ies) would take that size of investment .

[wad collector] 17/5/2022 10:09

Not if he immediately invested in other BPR valid AIM holdings (Almost all of them) .

[toffeeman] 17/5/2022 09:11

I think that is the issue! If he popped his clogs tomorrow there would be no IHT to pay on his RWS holding. If he sold today and went tomorrow - there would!

[indiestu] 17/5/2022 08:57

Yes apologies, meant to write - how would Brode justify the 5 Billion valuation?

[toffeeman] 17/5/2022 08:51

not justifying it - just saying that's Brode's price to sell.

[indiestu] 17/5/2022 08:21

£12? How would you justify the resulting 5 Billion M/C?

[martinthebrave] 16/5/2022 15:54

Sorry Guys, I should have said IHT is the issue not CGT. He wants to pass the business down the generations with minimum Tax paid. I still Hold here.

[bend1pa] 16/5/2022 15:30

Lapsed 'offer' still does not justify a near 4 year low in the share price despite profit setback from lost Russian business. Fall overdone.

[toffeeman] 16/5/2022 14:24

>> bulltrade - you are correct so Brode's price should be £12 ish

[jeffian] 16/5/2022 13:12

Wouldn't he get Entrepreneurs relief on CGT (10%)?

Anyway, my understanding is that he is more interested in the IHT benefit.

[bulltradept] 16/5/2022 11:35

£8 is NOT the recent high unfortunately. It made £7 in May 21.

£7.64 Sep '20.

[toffeeman] 16/5/2022 11:12

At £8 per share (recent high) Brode's stake worth £630m

Worst case is CG = £600m @28% = £168m
IHT £600*0.4 = £240m

so round to £400m

£400/£630 = 63%

£8/0.63 = £12.70p per share - that is Brode's target selling price

[alter ego] 16/5/2022 10:15

I spoke to Brode a decade or more ago. My recollection is that he has two daughters and wants to be able to pass on his stake in the business tax efficiently. As Toffeman says, AIM shares are currently exempt from IHT. It suggest Brode is unlikely to sell, pay CGT and then IHT on his death..just my reading of the situation.

[toffeeman] 16/5/2022 09:51

Not CGT directly but IHT which is not payable on an AIM investment.