Rws Share Discussion Threads

[phillis] 14/12/2010 11:16

2 pretty serious buys there

[nellie1973] 14/12/2010 11:06

Broker upgrade

[phillis] 14/12/2010 09:37

The Chairman is getting on
The end game here is a sale
In the meantime excellent dividened prospects for SIPP/ISA

[what is a login ?] 14/12/2010 09:19

And good news for dividend junkies

Dividend
The Directors recommend a final dividend of 10.25p per share. The interim dividend, paid in July, was 3.15p per share, so that the total payout in respect of the year will amount to 13.4p per share, an increase of 15% over 2009, reflecting our confidence in the continued progress of the Group.
The proposed total dividend is 1.7 times covered by after tax profits. Subject to shareholder approval at the Annual General Meeting, the final dividend will be paid on 18 February 2011 to all shareholders on the register at 21 January 2011.

[wjccghcc] 14/12/2010 08:41

Solid results though.

[phillis] 14/12/2010 07:15

W
Correct

"The London Agreement was implemented in May 2008 and the financial years 2008/09 and 2009/10 have therefore borne the full effect, which was broadly in line with our expectations. RWS would also be impacted if a further initiative - the European Community Patent - were to become effective. This latter initiative was decisively rejected in 2005 but continues to be discussed. The thrust of our acquisition strategy since 2005 has been to target technical translation businesses which have zero exposure to any developments in the patent field.

[jeffian] 14/12/2010 00:05

You have a point. This was how RWS covered the issue under "Principal Risks" in their 2009 AR -

" The London Agreement was implemented in May 2008 and the financial year 2008/09 has therefore borne the full effect, which was broadly in line with our expectations. RWS would also be impacted if a further initiative – the European Community Patent – were to become effective. This latter initiative was decisively rejected in 2005 but continues to be discussed. The thrust of our acquisition strategy since 2005 has been to target technical translation businesses which have zero exposure to any developments in the patent field."

In 2009, 69% of revenues came from patent translations, 24% from technical non-patent translations and 7% from the Information Division (patent search and litigation).

Having read the article, it seems strange that Spanish - the most widely spoken language in the world - should be excluded from the Big Three (English, French and German) but, there you go. No surprises, given who wields the big stick in Europe, and I doubt the Spanish will be standing up to the Germans while they may need their financial support! However, the cynic in me still queries the 'efficiency' credentials of an organisation which thinks it's OK to shuffle its entire operation between Strasbourg and Brussels every 6 months to appease national pride.

[wjccghcc] 13/12/2010 23:12

So why does the article say the following which is 2 years after the London Agreement came into force.

"The EC says its plan is geared specifically at reducing the cost for small businesses to acquire patents, with translation costs dropping to just 10 per cent of a €6,200 total for processing an application, instead of current costs that can run as high as €20,000 for a 13-state patent, two thirds of which goes to translation costs alone."

[phillis] 13/12/2010 18:42

it seems to me that the London Agreement has de facto already had the major part of this impact

[wjccghcc] 13/12/2010 18:06

I've wanted to buy back but it does look like a single European Patent will become reality at some point in the future which could reduce translation costs by 70%. I'd guess the impact on RWS would be substantial if that was the case.

[phillis] 13/12/2010 16:15

looking for a big dividend increase tomorrow

[robinnicolson] 12/10/2010 16:42

Comments by Numis Securities on the trading statement:

[phillis] 12/10/2010 08:35

note once again the promise:
" The Group's robust balance sheet underpins the ability to increase the final dividend for shareholders,payable in February 2011."

[alter ego] 12/10/2010 08:18

agree, have bought a few.

[phillis] 12/10/2010 07:30

...and that will do v nicely

[phillis] 11/10/2010 20:52

The Chairman and major shareholder is getting on and he will extract as much as he can via dividends whilst he seeks an eventual sale

A no brainer

[what is a login ?] 11/10/2010 20:31

Phillis and other denizens of this thread? You are not alone!
I put my toe in the water so to speak with a small purchase this morning.
The chief thing I like about this stock is the steady record of dividend increase over the last four or five years. I see the next payment is February.

[phillis] 06/10/2010 09:24

should be due an update soon

[nellie1973] 23/8/2010 17:50

Broker upgrade

[cnx] 10/6/2010 01:32

thanks,phillis
i think it helps some readers to have the full statement shown, especially if not too long. it also helps avoid questions for information from those not able/willing to research themselves. sorry it was six days late.

[phillis] 08/6/2010 20:33

Tx CNX
Not many people knew that

[cnx] 08/6/2010 16:45

Dividend

The Directors have approved an interim dividend of 3.15 pence per share, an
increase of 12.5% over the 2009 interim dividend. The dividend will be paid on
16 July 2010 to shareholders on the register on 18 June 2010. The Group is
committed to a progressive dividend policy and expects the total dividend for
the year to continue to advance.

[phillis] 02/6/2010 16:02

Keep those divis rolling!!

[phillis] 14/5/2010 16:48

Happy to buy again at sub £3