Rws Share Discussion Threads

[ygor705] 02/5/2024 13:37

I'm still a bit confused about what is really going on here and so continue to be in watch and wait mode. The key thing for me now is whether cash flow is holding up and whether there is going to be enough money in the kitty to maintain the dividend and perhaps do another buyback. If AI is going to make a big difference to RWS operational performance I really do think that we need to see hard evidence of this happening in this year's financial performance.

[phillis] 26/4/2024 13:18

The original business was manual translation of patents
Patbase was a data base of registered patents which was only part owned

Very small part of todays business

[alotto] 25/4/2024 20:32

Mat do you think the customer base is shrinking?

[matczuk] 25/4/2024 18:45

I used Patbase in a previous life; it was pretty good. Its sale doesn't seem to square at all with the statement "The division had several wins in research and renewal work, demonstrating our ability to serve clients across the IP lifecycle." Surely some of the lifecycle just dropped off? Curious how they put the name in inverted commas too when the likes of Evolve, Propylon and Tridion don't merit them. A way to distance themselves I suppose, though I thought it used to be a jewel in the profitability crown. They certainly used to bang on about it.

[alotto] 24/4/2024 09:41

Wad it will take time and good news to go back to £6

[phillis] 24/4/2024 08:58

Andrew B
Do you still read this bb?

[wad collector] 23/4/2024 22:38

Ouch , that really has stunned the share price Can't believe I paid 6 and a half quid for these!

[indiestu] 23/4/2024 08:58

They are a bit behind the curve. The AI bubble burst last week when Nvidia sold off.

[bulltradept] 23/4/2024 07:59

Exactly! lol, please please don't tank AI AI AI AI AI !!!

[orange1] 23/4/2024 07:42

Does the company get a prize for the number of times it mentions AI in its statement?

[alotto] 23/4/2024 07:15

Not the update that we would have liked to read but not as bad as it could have been.
I'm surprised some regulated industries, like financial services, would cut on translations. It should be paramount to have verbatim translations in regulated industries, therefore not subject to cost cutting. The shares will drop at the opening.

[ygor705] 13/4/2024 08:45

I've been hearing from somebody who works in the industry that RWS has introduced a new AI product that he described as being "a potential game changer". Nevertheless, the AIM market in general seems to be getting a real kicking for structural reasons. Interesting times. Let's hope that RWS can buck the trend!

[alotto] 12/4/2024 13:09

Thanks Jeff, I appreciate your time to answer my question. With that view I would say the stock is at least 30% undervalued, solely based on current earnings.

[jeffian] 12/4/2024 10:54

I imagine because it has gone (temporarily one hopes!) ex-growth. For years it showed exceptional growth via a combination of underlying growth in existing businesses enhanced by a string of earnings-accretive acquisitions. Covid, of course, knocked it back but the 2023 results were depressed too, showing a loss as a result of impairment charges. However, as you say, the company has always been and remains highly cash-generative which enables it to continue its progressive dividend policy and I am hopeful that this will prove a temporary hiatus and we will return to the growth path soon.

At the macro level, there have been concerns about the business model being undermined by AI but RWS have always embraced new technology and the importance of the translation of specialist patent and technical papers suggest to me that few would be brave enough to rely solely on the bots without human intervention!

[alotto] 12/4/2024 09:54

Why has the share price dropped so dramatically?
I haven't followed RWS much but the company seems highly cash generative. What are the concerns?

[indiestu] 02/4/2024 17:04

Think I'll take a pop for a few k in the morning. That volume is absolutely telling us something.

[indiestu] 02/4/2024 17:01

Could be another US suitor coming in for the kill.

[ygor705] 02/4/2024 15:54

Huge volume of shares traded here today: we don't close for another 40 minutes and volume is already higher than anything seen over the last 3 years. Looks to me as if somebody has had a glimpse of the 31st March numbers.

[ygor705] 29/3/2024 09:43

Been looking at the 2023 accounts of RWS and the first thing that struck me is just how high tech this company has become. The document uses very techy wording that is sometimes hard to follow - a bit odd for a company that makes its money out of making data understandable to all! I was struck by the width of the operating base although 52% of its total revenues still emanate from the US. The increasing volume of international data being quoted as key driver of growth caught my eye as did the increase in admin costs. Reorganisation looks to be ongoing. We're still trending towards 150p and I'm asking myself how long before a dodgy Russian/Chinese oligarch fronts up something to make a takeover here. Without any kind of tech recognition it seems to me as if this company could soon turn into ARM 2.

[indiestu] 22/3/2024 15:40

Corpse is on life support following the completion of the buy back. UK business is booming, Brexit done. International trade is flourishing. Companies struggling to employ. No language students coming out of college nor need for them in the business place. AI comms gone ballistic. UK tech sector on its knees along with its IT infrastructure that needs modernisation. RWS likely to explode when people wake up. this is a steal!

[ygor705] 21/3/2024 08:39

The corpse has started to twitch! A few bigger trades about.

[ygor705] 20/3/2024 17:08

Last year's trading statement was on 25th April so between now and late April I am expecting a little more volatility in the share price than has been the case of late. As has been commented elsewhere, recent statements from the Company about trading have been a bit opaque but what has been said is not necessarily negative in my view. At these levels, I think I'd be more nervous out about being short than long.

[hatfullofsky] 20/3/2024 14:06

Massive volume

[hatfullofsky] 20/3/2024 14:06

Who's buying ?

[phillis] 20/3/2024 13:38

So who is selling?