Rws Share Discussion Threads

[richard jones 3] 30/12/2012 08:43

another new high price for rws holdings,i like this company as it's profits and dividends always go up,a very well managed company indeed.

[superstardj] 18/12/2012 07:50

RWS is one of the larger holdings in Sanford Deland's UK Buffettology Fund:

[grahamburn] 14/12/2012 08:52

From Digital Look today (expands well on the views I expressed last night):

RWS is probably one of the few businesses that floated nine years ago and have grown sales, profits and dividends each year since. The company provides translation and other services to corporates issuing patents in a variety of jurisdictions to protect their intellectual property. This is a growth area, especially in Asia, where western companies want to ensure that their products are protected against unlicensed competition. Meanwhile, RWS is starting the process the other way, signing up a couple of Chinese producers that want to ensure they can launch in western markets. Inevitably, patent applications rise and fall with global economic trends, but the long-term trend is upwards - international patent applications were up 11% in 2011 on the previous year. The shares have been strong performers this year, up 22% despite an 8% fall yesterday on profit-taking. On 16 times' earnings, that looks like a decent entry point for long-term growth, Tempus believes.

[grahamburn] 13/12/2012 18:59

Though the drop was rather dramatic today, it should be remembered there has been a 20%+ rise in the past 4 months or so. Not unusual in today's markets for a share price to fall on or soon after results as traders bank a reasonable profit, especially as RWS does not offer an outstanding yield, even after the more than impressive increase in the dividend. The latter has simply maintained the yield as the capital value has increased. It is much more of a steady growth stock with a good history.

Quite content to hold for a reasonable yield plus a prospective medium term capital appreciation. If it was a larger company, it is the type of stock that Warren Buffett may well follow!

[phillis] 13/12/2012 18:12

no thanks
I was looking for the "veiled profit warning"
I didn't find it and will sit on this until the newsflow changes
Inovia looks great

byeee!

[horndean eagle] 13/12/2012 16:43

Check broker consensus figure changes over the last few months and you will see forecasts have been reduced.

[phillis] 13/12/2012 08:06

the Inovia acquisition will be settled in cash
Looks like they are just about on target to max out adding $5m EBITDA to the pot from next June

[alter ego] 13/12/2012 08:01

always good to see that quality counts and price is not the only factor

We are also pleased to have been re-awarded significant volumes of work from two clients on quality grounds after a period where orders had been placed elsewhere, on price considerations.

[phillis] 13/12/2012 07:41

seems clear

" Management is currently of the opinion that the EU Patent will not be introduced before 2014, and is highly unlikely to be adopted by RWS' major clients for a number of years thereafter."

[alter ego] 13/12/2012 07:21

results out today, company says

RWS would also be impacted if a further initiative - the European Union Patent - were to become effective. This latter initiative was declared illegal by the European Court of Justice in March 2011, but the majority of European governments continue to seek ways to circumvent this ruling. Whilst the inovia acquisition would also be impacted by the proposed European Union Patent, its key business territories are outside of Europe. The thrust of the Board's acquisition strategy since 2005 has been to target technical translation businesses which have zero exposure to any regulatory developments in the patent field. Management is currently of the opinion that the EU Patent will not be introduced before 2014, and is highly unlikely to be adopted by RWS' major clients for a number of years thereafter.

[phillis] 12/12/2012 19:30

here it is
admittedly not great timing

[superstardj] 12/12/2012 19:03

The movement today and yesterday has been caused by the EU's so-called 'Parliament' voting in favour of introducing the EU Patent. See Jeffian's post 275 for more detail. No need to rake old coals. Phillis - agree.

[horndean eagle] 12/12/2012 15:27

I think holders here have been fortunate that a large bear squeeze has been driving the share price higher over the last few months. I think sentiment has changed and a few sellers are hitting the market ahead of results. It was a veiled profit warning in the last trading statement. Hardly a reason for the shares to spike up as they did.

[phillis] 06/12/2012 17:39

boootiful!

[jeffian] 06/12/2012 14:56

Yep. It's a lovely looking chart, isn't it?

[phillis] 06/12/2012 12:34

now £6
looking forward to next Thursday's update and news on Inovia
This purchase is finalised in June next year and will be fully consolidated thereafter

[phillis] 16/10/2012 10:04

price still firming
looking forward to the future consolidation of Innovia and an additional $5m EBITDA

[alter ego] 12/10/2012 08:34

back to sleep

[phillis] 12/10/2012 07:32

v nice too

[phillis] 21/9/2012 10:53

firming up

[jeffian] 03/7/2012 17:00

"European Union Patent

We have in the past highlighted the European Union Patent ("the Unitary Patent") as a potential risk. In recent months it has become more evident that the European Union's ("EU") competitiveness committee and the legal committee of the European Parliament will seek to give final approval to plans for such a patent. If successful, the first EU patents could be granted in 2014. However, Spain and Italy continue to oppose and appeal against the Unitary Patent and professional opinion remains highly sceptical of the current proposal, especially with regard to jurisdiction. Until the litigation system is tried and tested, patent attorneys and corporates are expected to be reluctant to use the new system because it is too risky to lose patent rights across the whole of the EU by relying on untested legislation. Opinion suggests that it will take 'a decade' before the European Patent Court gains sufficient standing and establishes enough precedents for corporates to be comfortable with relying on it. We believe this means that innovators are going to take time to consider their options before using the new regime."

The patent may be valid across the EU (i.e. less patents) but there will surely be a continued demand from their corporate clients for translation into their native languages?