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On the head ans shoulders pattern, the neckline to the head is 115p, so the target for this move should be 382p. DYOR.
I always wondered why a quality player like Rotork sailed under the radar with no messages. Bought in 2015 through 2016 including tranches in the 164-172p range. Added early January 2018 at 277p. Quite happy with recent gains and looking to hold long term and let this compounder do its magic.
Hello Al! Message 2 now - ;-) Under the radar a little here, hopefully a nice steady few % rise here over the coming days/weeks :-)
No one is talking about Rotork, but that ends today. It's just completed a head and shoulders pattern, and this week has broken out from the neckline. That's bullish. DYOR https://uk.tradingview.com/i/1gnP2d1g/
directors buying. Hopefully this should steady the fall.
Very overdone i say. Ok trading update is not great but still a good company. The market is brutal. Any bad news gets punished big time with any good news rarely having the same positive effect. Which is why it is so hard to make money investing in shares.
Looks a little overdone to me so have bought in today. Let's see what happens over the next few weeks.
Oh Dear.
Rotork (ROR), the market leading actuator manufacturer and global flow control company, has acquired Bifold Group for up to £125m on a cash-free and debt-free basis. Its shares were 2.3% higher at 205p.
SHARE SUBDIVISION As outlined in the Notice of Annual General Meeting dated 25 March 2015, and following the passing of the relevant resolution at the Annual General Meeting held on 24 April 2015, it is expected that the subdivision of each of the Company's existing ordinary shares of 5 pence each into 10 new ordinary shares of 0.5 pence each ("New Ordinary Shares") (the "Subdivision") will become effective at 8.00 a.m. on 18 May 2015 (the "Effective Date"). On the Effective Date, the Official List of the UKLA will be amended to reflect the Subdivision. The issued ordinary share capital of the Company immediately following the Subdivision becoming effective will comprise 869,393,180 New Ordinary Shares of 0.5 pence each.
So are we up or down after the subdivision?
Oil price will force this lower, recent broker report out suggests 60% of group revenue is impacted by falling oil price, falling revenue and ultimately profits. Falling share price also attributed to company not meeting its 5% organic growth target in third quarter (4th quarter normally strong)...sanctions against Russia also hurting.
when will you ever learn
a break above 2900 the market will roar... below 2500 get on your knees and prey ...better still sell everything on that sell off below 2500
turning into a bit of a bellweather this one
Paralysis along with the market ..don't get bored
juncture not only for this stock but the market as a whole will we see new highs? better be quick
time
I seem to have bought these shares for more than I paid for them. This is a novel situation.
Rotork: Morgan Stanley raises target price from 2240p to 2540p and reiterates an equal-weight rating.
Rotork: JP Morgan revises target price from 2500p to 2700p, while not altering the overweight rating.
Rotork: JP Morgan raises target price from 2450p to 2500p, overweight rating reiterated. Morgan Stanley raises target price from 2070p to 2240p, equal-weight rating kept.
Rotork: Jefferies raises target price from 2190p to 2370p, hold recommendation unchanged. UBS raises target price from 2150p to 2350p, neutral rating kept. Citigroup raises target price from 2065p to 2252p, neutral rating maintained.
At the end of October the order book stood at £190.8m, 16.5% higher than the same point last year. Divisionally, Rotork Control's cumulative order intake at the end of October was 8.3% up on the same period last year, and said a number of markets are performing well with Russia, North America and Australia delivering particularly strong results. Rotork Fluid Systems was the fastest growing division and order intake in the third quarter was 47.2% higher than the same period last year. Cumulative order intake to October 28th was up 32.7% on the prior year. Cumulative order intake to the end of October in the Rotork Gears business was 22.4% ahead of the prior year. The company added: "Based on the strong performance year to date, our record order book and diverse end market exposure, the board continues to expect further progress in the full year, with margins slightly lower than those seen in 2011."
Valve engineering group Rotork has reported a strong period of order intake since the start of July, with the third quarter at record levels and 24.9 per cent higher than the prior year. Revenues were 9.9% up on the previous year, while cumulative revenue to October 28th was 17% ahead of the same period in 2011. "As last year, we anticipate a strong fourth quarter in terms of revenue as projects are delivered out of the order book," the firm said. "Due to our continued success on major international projects, we have a greater proportion than normal of our current order book due to be delivered over a longer time frame, with deliveries in 2013 and, in a number of cases, in 2014. "The group continues to generate industry leading margins and we anticipate these will be higher in the second half than the first half, with full year margins slightly lower than the prior year. Operational gearing has been beneficial, however changes in divisional mix, with the record performance of Fluid Systems, and costs related to the introduction of a number of new products have reduced group margins."