Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Neutral
There's no much to say though is there? A good business, consistently making money and paying good divis. Not much is going to change week to week, month to month here. Today's fall? Going XD. All expected, move along.
Thanks storm for that.
Be watching watching it for a while now and it seems to be a dividend share in that the shares are bought before xd date causing the sp to rise only to be sold off after the divi has been paid.
Great profit and very good divi 39.5p per share. Should have bought in sub £8. Gla
hunkynige,
If it is any consolation, you are not alone..
Having sold out at the beginning of 2018, am now back in again.
It seems to me at least, that Bodycote is rather oversold.
There again, most likely there are those who would advise a trip to Specsavers!
i’m Always amazed when come on this board there is no share chat. With the dividends stated that will be paid and last years share price increase after the year end results from £8 to almost £11 , I would have thought it is a very good share to be involved in but it appears to be a ghost board !! . What am I missing. !!!!! Last post11/10/2018
Drop! Can't see the problem.......Wish I had spare funds to top up at sub 800 but selling anything else would cost me at the moment. :(
I’m sticking with it Bodycote always come good
I can't really help you here Storm. As you will know it has to be your own decision based on your own personal circumstances. The market is very jittery at present. I have seen falls of around 15% on one of my holdings over the last week or so (GBG), yet from experience when this has happened before seen it rise to new highs. It's as though the market is playing with shares - when didn't it?!. I think BOY is probably a very good company and its' relatively new technology hasn't had time to bed in yet enough to know quite what effect it will have on future contracts. I certainly can't say which direction BOY short term is going to go. I took a smallish loss on BOY (enough for me) and re-invested some of that into another one of my holdings SMDS which looks like it will get promoted into the FTSE100 index at the next review at the end of the month. That may well have the effect of pushing the share price higher as funds will buy in. Please note this is NOT a recommendation and is NOT advice to follow. It's been a poor week/2 weeks for me and no doubt many others. Time to review our portfolios I think. This maybe just short term volatility but it is never comfortable when prices are falling; it tests our nerves. Better be in BOY though than highly speculative shares. Good luck and regards CM
Top-sliced about ten weeks ago but now not sure whether it is time to sell and move on.
Like so many shares that are down today, one of the factors in common are large no. of very small value A trades. I have seen this time and again with holdings of mine and it is nearly always negative to the share price (usually only short term). A fall of less than 1% today is pretty good going considering. Regards CM
Good luck to you; hope you got a decent price. Having read through previous trading updates and results things do look reasonably good. However, the one thing in particular that concerned me was that revenues in North America were down. It wasn't indicated by how much the revenue was down, I'd rather it had to get the facts out in the open rather than leave it to speculation that maybe it wasn't down by much, or conversely, it was down by more than they care to mention. I will keep an eye on BOY and may buy back in. Not a good day for many shares, some are down by far more than what BOY is. Regards CM
Just bought in. Was recommended by iii in one of their winter portfolios, stocks chosen to hold for 6 months over the winter. Apparently this time of year is normally a low. In the last 10 years it's risen on 9 out of 10 occasions between Nov 1 and april 30.
Good luck to all who are in here. I took the hit this morning and bailed at 884.27p. The sale from what I could see was showing as a buy - best guess at the time for any computer I suppose. Can't understand why this has continued to fall today. No doubt the price will rise again. Difficult to understand the market at times, but it can remain irrational longer than I can stay solvent. Better a small(ish) loss before it gets any bigger (maybe). Regards CM
Just out of interest I have just overlaid the share price chart of SNR to BOY, both in engineering sector. They pretty much match over a time period of one week to one year. Maybe it is the sector therefore which is in the doldrums. Why SNR, well, they have given a trading update today and I used to hold shares years ago. Grasping at straws?. Regards CM
I have been digging deep looking for some reason as to why the share price for BOY has been falling over the last few weeks or so. The only thing I can find is the continuing reduction in the holdings of Standard Life Aberdeen and the article below: Wed 1 Nov - Alliance News LONDON (Alliance News) - Standard Life Aberdeen PLC has lowered its stake yet again in Bodycote PLC, a provider of thermal processing to the manufacturing industry. On Monday, Standard Life Aberdeen sold off shares to reduce its holding in Bodycote to 9.96% from 10.94%. The current holding is held through 19.1 million shares. Based on Bodycote's current issued share capital, Standard Life Aberdeen sold off around 1.9 million shares. Based on Bodycote's share price on Wednesday, up 1.0% at 946.73 pence, the sale would have been worth in the region of GBP17.8 million and value its remaining stake at about GBP180.6 million. Last Friday, Bodycote retained its outlook for the full year after organic revenue in the first nine months of the year climbed 6.2% at constant currency - as the Aerospace, Defence and Energy business grew 9.6% and its Automotive & General Industrial unit grew 8.7%. Shares have rallied this year, soaring 47% since the start of 2017 - rising 25% since the end of June alone. Since the interim results released in late July, Bodycote's valuation has increased by 5.3%. Following the latest update covering the third quarter, analysts at Panmure Gordon commented that the sharp rise in price has left little upside to Bodycote shares, as although business continues to perform in line, the direction of its strategic outlook is still unclear. Standard Life Aberdeen has sold down its stake on numerous occasions in Bodycote since being formed by the mega merger between Standard Life and Aberdeen Asset Management on August 14. That saw the pair merge their respective holdings in Bodycote, combining Standard Life's 13.0% stake and Aberdeen Asset Management's 0.74% interest. Just under a month later, Standard Life Aberdeen started reducing its exposure to Bodycote by initially lowering its holding to 12.96% on August 8, then to 12.59% on August 13, 11.74% on September 4, 11.37% on October 6, and then to 10.94% on October 13 prior to the latest transaction on Monday to take its stake to the current 9.96%. The 3.78% stake in Bodycote sold off by Standard Life Aberdeen since mid-August would be worth in the region of GBP68.5 million based on Bodycote's current issued share capital and share price on Wednesday afternoon. By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance Hmm. Very disappointing. Looks like I made a wrong call possibly when buying in at 946p. Thought I had done my homework, but instead of getting an A+ at best it is at present a C-. Black Rock increased their holding on 3 November to 6.34%, but that has done nothing to keep the share price above 900p, Down 5% isn't catastrophic, but not good. Reg
Rather crazy share price reaction to RNS this morning imo; didn't think it justified the spike to over 950p, but fall back is a little over done too surely. Many "A" trades today which always make me feel uncomfortable. For a brief moment this morning I think I may have broken into profit.......but it was a very brief moment. Some good bits and some could be better bits in the RNS, revenue up in Western Europe but seemingly down in North America, although it doesn't say by how much. Wait and see with this one I think. I have sold out too quickly and with not enough patience elsewhere; I need to give this more time. Not sure how any interest rate rise next month will effect BOY; maybe it has been priced into equities already. Regards CM
Hi CM, not surprising really, the 3months graph shows from 650 to 950 in less than three months. I tend to agree with the long term view, after all it's a footsie 250 stock and very unusual to go up that fast, I see it as a temporary healthy breather, but can understand some nervousness and impatience. Can't wait for it to go up!
Share price continues to fall back. I am comparing this to RSW which was another company I was considering investing in at the same time and the graphs look very similar, so it may not be the company rather than the sector. As BJ posted on 22 August, this should be a good LONG term investment. September is the worst month generally for investments so maybe things will pick up in the near future. Reading the last trading update I can't see anything obvious to drive the price down. Maybe the market has been thinking BOY is overvalued and taking some of the value out of it. Well they can stop now thank you. Any thoughts anyone Regards CM
I see the recent retrace in the share price as being the result of the possibility of an interest rate rise in the near future. This has affected a great number of companies in the FTSE100 and other indicies. Overseas earnings reported in $s and then converted in £s will be lower due to the exchange rate altering. This is natural. CM
That must hurt BJ! If you want to go back into something similar with future potential , have a look at SEE , is supposed to start doing well from mid end of September, but DYOR, good luck!
Telegraph very positive. This past week. I waited for ages with IQE and sold around 20p oh dear! Just bought some Ali Baba @$167 a pop!!!!
Here's hoping these links work, apologies if they don't. http://www.bodycote.com/en-GB/services/hot-isostatic-pressing/powdermet.aspx http://www.bodycote.com/~/media/Files/B/Bodycote-Plc-V2/pdf/Powdermet-brochure-bodycote.pdf Have a good weekend; I'll be working. Regards CM
CM , sometimes is good sometimes is not, in a few months will make no difference, we hope! I read an article somewhere a few weeks ago and liked the powdermet technology, kept an eye on it since then. Have a good weekend!
Better timing than me PM. I bought in early and then saw the price fall back during the afternoon. I also bought back into IQE (reduced holding) late having seen it lower early on!. Hmm. That's the chance we take. Any particular reason why you bought into BOY?. Good luck all Regards CM
And a large buy after closing! Hopefully up on Tuesday .