Rws Share Discussion Threads

[orange1] 12/12/2006 08:04

Results today make good reading, exceeding revised expectations by some 10%:

"Financial Highlights:

* Sales and profits at record levels, for the third successive year since
flotation in 2003
* Sales increased by 13.7% to #40.8 million
* Profit before tax rose by 21.5% to #9.04 million (before goodwill
amortization)
* Basic earnings per share were 16.8p (before goodwill amortization) (2005
- 13.5p)
* Fully diluted earnings per share were 15.8p (2005 - 12.7p)
* Proposed final dividend of 5.35p; total dividend for the year increased
20% to 7.2p (2005 - 6p)
* Strong cash generation from operations produced net cash at year end of
#15.9 million

Operational Highlights:

* A strong and resilient performance from the core patent translations
business
* Significant new client wins in Europe
* Excellent performances from Eclipse (2005 acquisition), non-patent
translation activities and PatBase database subscription service
* Further improvement in margins despite weak yen and euro
* Record levels of staff productivity
* Business licence granted in Beijing; first major client signed up to
Chinese service

Outlook:

Executive Chairman Andrew Brode commented:

"I am delighted to report another year of strong organic growth from RWS in
which we have continued to enhance our market leadership in our core businesses
with our quality-driven model.

We anticipate further growth in sales and profits in 2007 which will be matched
by a progressive dividend policy. The necessary drivers are in place to underpin
our confidence in the outlook." "

Those results in full:

[orange1] 06/12/2006 10:22

Results on 12 Dec. The share overhang has cleared so nearly every buy (small or not) now appears to nudge up the price.

That results are above expectations is already known. I look forward to more news about this potentially lucrative venture:

"RWS Group opens IP Office in Beijing

Due to the increasing importance of Intellectual Property protection in China , leading IP translation and information company RWS Group has opened an office in Beijing and establishing a wholly-owned Chinese subsidiary company.

Headed by former UK and Chinese patent attorney Weimin Zhang, this new facility enables RWS to offer companies around the world a cost-effective, local resource for patent translations, filing and searching.

Patent translations for filing purposes
RWS can provide expert Chinese patent translations in a format ready for filing at the Chinese Patent Office at highly competitive rates, with no added typing fees. Translations are prepared by qualified, subject-specialists in China . If required, they can also arrange filing through their associate Chinese patent agents at discounted costs.

Patent information
RWS' extensive internal patent database collections together with their Beijing office and network of local associates also enables them to provide clients with detailed Chinese patent information. Services include searches, watches, file inspections and status reports."

[latinlink] 10/10/2006 22:19

i hi rated this share a buy.the price was hanging about the 300p area because there was no news but now there is some news this area will surely be broken.
Seat back and relax.
Its a small stock,but it pays dividend and has stable earnings with a lot of cash in hand.

[jeffian] 09/10/2006 10:07

Thanks, mwd. I like the look of MUR too. In the meantime, fantastic trading statement from RWS today

As I say, seems to be right off most people's radar screens but that doesn't bother me. I'm a buy-and-hold merchant. So long as the fundamentals keep going in the right direction, the share price will surely follow in due course.

Regards, Ian

[maxwellsdemon] 06/10/2006 10:54

jeffian,

I wasn't aware of this company until you pointed it out on the PRM thread. I was recently begining to come to the conclusion that it might be better to invest in companies which support the IP industry rather than in the actual IP itself. In this vein the company I had my eyes on was Murgitroyd which is basically a patent agent. EPIC:MUR. Certainly seems like a growth area?

[jeffian] 18/9/2006 15:58

OK, I will. Thank you.

[orange1] 18/9/2006 12:52

Ian
The budgie will have to wait. Results are due soon and I am expecting an announcement that the number of new licences in the last 6 months will be ... er, nil.
And yet, given the director buying of late I am not giving up all hope. A reverse takeover maybe?

Meanwhile, Tikit is in the same kind of professional services league as RWS - well worth a look.

[jeffian] 18/9/2006 12:26

O1, my man, good to see you! You still lining the budgie's cage with your CLC certificates? This one looks more sensible all round, I think.

Regards, Ian

[orange1] 18/9/2006 12:23

P.S. Given your list of boxes, may I be so bold as to recommend Tikit to you?

[orange1] 18/9/2006 12:21

Ian
One point you overlooked in your research though is that I am an existing shareholder.
Kiss of death I'm afraid.
LOL!
O1

[jeffian] 18/9/2006 12:08

I agree with you, ben, that these are a 'lock away' sort of share. I've been watching them for some time and would love to get in cheaper but with a trading statement due early Oct and results likely to be good again, I've decided to hop aboard. Maybe a tad expensive at around 17x this year's expected earnings, but aren't good growth companies always 'expensive'?! Not expecting short-term fireworks but with a sound balance sheet, good cashflow, growing eps and divi it ticks all the right boxes for me and as long as they go on doing that, the share price will follow in due course IMHO.

Regards, Ian

[ben gunn] 18/4/2006 10:36

I'm 90% convinced that these are a lock away no brainer and have bought a few for the management's pension. If they could just stabilise above £3.00 I would worry less.

[jimcocallis] 19/1/2006 02:21

A very good hold - a buy ysterday 4 me.

[dally4] 05/1/2006 08:07

Did the right think holding these £3 here we come

[egoi] 10/10/2005 14:03

Lovely trading statement out.

RWS Holdings plc (RWS), Europe's leading provider of intellectual property
support services (patent translations and technical searches) and technical
translations, today provides an update prior to entering into the close period
for the Company's results for the year ended 30 September 2005, which are to be
published on 15 December 2005.

Revenue and profit before tax are expected to be at the top end of the range of
market expectations and to achieve new record levels. Margins have been
maintained with solid growth in the core translations activities and margin
improvement in the patent search activities, underpinned by PatBase
subscriptions.

The February 2005 acquisition - Eclipse Translations - has fulfilled our
expectations and been successfully integrated. The Japanese and German offices
have delivered excellent growth in revenue and profit.

Current activity levels, major client wins and worldwide growth in patent
applications underpin the Company's confidence that progress will continue in
2005/06.

RWS' focus is upon high quality translations and searches to ensure maximum
protection for its clients' intellectual property. It continues to evaluate
acquisition opportunities both within the intellectual property space and in
high quality translation activities.

RWS enjoys an enviably strong balance sheet with net cash of £12 million and
expects to increase its final dividend.

With the rapidly growing involvement of our major multinational clients in
China, RWS will be established in Beijing later this month.

Andrew Brode, Executive Chairman, commented:

'I am pleased to see RWS enhancing its market leading positions within its
chosen niche activities and delivering record results. The new initiative in
China will underline our commitment to client service.'

[patty4] 10/10/2005 14:00

Some rise today

[patty4] 11/7/2005 13:05

a good solid campany

[egoi] 05/7/2005 14:33

Patty good to hear someone else holds these! I am a great believer in running winners and I think these are good for a lot more. Something like 19 institutions on board and I am told that one was considering selling pre-interims but after talking to the company ended up buying more.
I think we could easily see 50% more over the next twelve months.

[patty4] 05/7/2005 14:16

Thanks for that, Ive held for some time and was thinking of taking profit but will hold and hopefully this will only go one way

[egoi] 05/7/2005 14:08

Yes, nothing to do with the stupid posts in this thread either! It is at an all time high because it is a class act till now overlooked. eps around 14p for full year anticipated and further growth particularly in recently expanded Europe and Japan. Rapid growth in patent translation requirements. I hold.

Record order book among the highlights from interims:
Highlights:

- Sales increased by 10% to #17.2m (new record)

- Profit before tax, goodwill and exceptional items increased by 16% to #3.5m
(new record)

- Normalised earnings per share was 6.4p (on an increased number of shares in
issue)

- Interim dividend increased by 10% to 1.65p per share

- Good cash flow from operating activities; net cash of #9.7m following the
recent acquisition of Eclipse

- Integration of Eclipse proceeding to plan

- Number of patent applications continues to grow

- Solid growth throughout the business

Executive Chairman, Andrew Brode commented:

"RWS is delighted to be reporting further record financial achievements and
growth in its export focused businesses.

"Our financial position is strong as is our order book. The fundamental drivers
for the growth of our core business show no signs of weakening and we are
confident that our unique specialist skills and reputation will continue to
attract existing and new clients. We remain confident of further good progress
in the second half of the year."

[patty4] 05/7/2005 14:00

Does anyone know why this is going north ??

[andrewbatchelor] 13/6/2005 08:12

£3 bid this week.

[andrewbatchelor] 10/6/2005 15:59

Should close higher than this; £1.90?

[andrewbatchelor] 10/6/2005 15:30

MMs moving price up; get in while you can!!! £3 a share easily achievable.

[andrewbatchelor] 10/6/2005 08:38

Bid at £3 shortly.