Rws Share Discussion Threads

[tim1478] 26/4/2023 09:52

Still a top stock for the quixotic but successful tipster Beddard

[phillis] 25/4/2023 15:39

Usual rubbish

Will RWS survive?
Crass question
Think about the shares issued in the purchase of SDL

[bend1pa] 25/4/2023 15:26

'This is a never before seen environment'
========================================
I doubt it. They certainly have not been coming clean about their business over the past 2 years or so. The share price (a 75% drop in 2 years) told you the actual story as usual. The situation is likely still worse than they are letting on.

Wiil RWS survive? If they do they are now likely to be taken over very cheaply. How many times has one seen that scenario over the years with AIM stocks?

[phillis] 25/4/2023 13:04

Yes Mat
Definitely more competitive and more challenges than ever before

This is a never before seen environment for RWS which has a much more complex business model than early days

Still a good business though
Let’s hope the second half gets us back on track
Another miss on expectations would not be good

[matczuk] 25/4/2023 12:20

Well it would be statements like the following: sales contraction of 6.8%; softer activity levels; slower decision making amongst certain clients; reduced levels of activity; impacted year-on-year by the loss…; generally weaker trading conditions; reduced levels of activity; reduced demand from a number of our clients; more competitive procurement-driven tender processes; heightened risk of some revenue loss or margin impact; significantly more challenging in the last 12 months;

[jeffian] 25/4/2023 11:32

In what significant way does today's announcement vary from the outlook statement in December?

"Current trading and outlook

· The Group's outlook is in line with market expectations6.

· The current economic environment remains challenging whilst also offering opportunities to strengthen leadership in our markets.

· Our unique capabilities, diverse end-market exposure and strong client retention continue to enable resilience.

· Capex and investments are expected to be in line with guidance, with strong cash generation and a strong balance sheet positioning us well to make the investments announced in March, fund further selective acquisitions to enhance the Group's capabilities and geographic reach and to maintain a progressive dividend policy."


OK, the market never likes to see the phrase "at the lower end of expectations" but it's not "below", which would signify that things were not going to plan. I don't get the 'Kitchen Sink' comments. What unforeseen problems have been added in the latest statement that weren't referred to in December?

It's now trading on a PER sub-10, cash-generative and with a progressive sustainable dividend policy. My sort of share.

[cravencottage] 25/4/2023 11:06

I’m with Phillis on this…

Pi$$ poor communication….

Why wasn’t this flagged in last set of numbers?

[value viper] 25/4/2023 10:56

Don't forget this from about a year ago even if no deal resulted at that timeThe Aim-listed tech firm, a specialist in language services, received an unsolicited approach from Hong Kong-based Baring Private Equity Asia Fund VIII (BPEA) last month.

[jeffian] 25/4/2023 10:27

Well, rightly or wrongly, I just bought some more......

[phillis] 25/4/2023 09:20

Kitchen sink opp was in Dec
Much too late now

[redartbmud] 25/4/2023 08:12

Don't believe it is Kitchen sink, I believe that it is reality kicking in.

red

[phillis] 25/4/2023 08:04

Decline for the first time?

[toffeeman] 25/4/2023 07:55

Looks like belated kitchen sink from Ian

[bulltradept] 25/4/2023 07:54

Interesting statement today..

[jonesj] 24/4/2023 16:08

Belatedly replying to the 2000 launch price comment......

RWS was a reverse takeover back in late 2003. So disregard any share price action before then.

[phillis] 18/4/2023 15:18

Big tech customers presumably drawing in their horns a bit

[cravencottage] 18/4/2023 13:50

The trading statement in a week or two should give us a fair idea!

[ygor705] 18/4/2023 13:17

Looking at the chart over the past year it was about this time that the "we're thinking about making a bid" statement came out of one of the PE houses. The share price shot up but nothing materialised.......not sure why. Since then the share price seems to have traded fairly neatly between £4ish at the top and £2.70ish at the bottom. The market as a whole currently looks in better shape then this time last year and when the next set of numbers come out from RWS in June they should reflect a further 12 months of post merger rationalisation. There might also be scope for an acquisition announcement. Absent a market crash, I'm thinking that there is more upside than down from here.

[tim1478] 13/4/2023 14:34

I have just bought a small amount today

[phillis] 13/4/2023 14:19

Good buy at these levels

[alter ego] 11/4/2023 14:10

Fwiw, I doubt Brode would be tempted to sell. He would benefit from IHT exemption under current rules so his heirs would not be taxed on the estate when he passes away. If he sells, it's cash so no IHT exemption.

[jeffian] 11/4/2023 12:46

Andrew Brode still owns nearly 25% of the company and the shares are quite tightly held. I can't see this being sold other than via an agreed/recommended bid negotiated away from the public glare.

[mammyoko] 11/4/2023 12:12

Only a year ago that BPEA No8 was looking at this at £3.50 and must have been contemplating some form of premium to that price. No8 closed at $11.2 bn in September 2022 so they have the cash. Possible bid from BPEA at 350p? Bound to be rejected at that price but would leave them room to up a bid towards the 500p mark where it now might stand more chance.

[jeffian] 30/3/2023 19:12

To be fair, Phillis, the response to that is....
Look at the shares in issue
389,470,093!!!!

Market cap - pure size - is irrelevant to shareholders. NAV, EPS and divis per share; yes!

[phillis] 30/3/2023 18:47

Moaners

Look at the market cap
£1.2BILLION !!!!