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The recent rises seem almost too good to be true. Wondering if it's time to bank some profits or hold on for £50
Held since 2011 at 869p. Quite happy to hold for the long term!
Strudel - no I'm still in. Share price up 1% in early trading. Impressed McM and Deere honourably waived their divis meaning it's covered twice over rather than barely. I'm sticking with them as they have a long track record for innovation, but I won't be adding any time soon, and might topslice if it goes up much more.
Pit, hope you took your 20% and ran. I've just reading the RNS with its trading update. Morgan Stanley were obviously wrong in their analysis - we have stumbled into a bit of a first half pit. Cutting 6% of the workforce via compulsory redundancies does not sound like the joys of spring either!
....
This is still in my "dog drawer".....
And another 9% up today. Very nice, I'm nearly 20% up on my purchase of less than a fortnight ago. Wish that happened more often. Very much looking forward to next Thursday - there must have been some kind of leak to provoke such a rise on no news?
Morgan Stanley has upped its target to £45 and thinks RSW's Asian demand is being significantly undervalued by the market. Hope they're right, but it hardly explains today's 6% rise unless there's been a little leak somewhere. I topped up last week thinking these were undervalued, but most of my main holding was bought for £15-£20 several years ago.
Next Thursday's trading statement could be interesting.
Anyone have any ideas about what's up? Jumping around a bit on opening......
Could there be life in one of my dog shares after all?
Due to too much negativity in the Trading Update, I sold out today and due to many flagged up uncertainties, the share price will be prone to extensive shorting for a good while until business turns around. So I am out and I may pick them up cheaper for the long term.
Comparative profits down to 12% of the previous year's same period.
Ouch, ouch, ouch.
Doubt that sort of update is already in the price. This is going down whilst management try and pull their socks up.
Upgraded today:
https://mitchellmessenger.com/2019/10/10/renishaw-otcmktsrnshf-stock-rating-upgraded-by-zacks-investment-research.html
The share price seems to have found a floor around £35'sh and looks fully stablised.
Assuming the worst has passed, any slight positive will propel the share price sharply upwards towards high £40's - £50 pretty quickly. The SP is so sensitive due to the low number of issued shares (73 million). So I have dipped in my toe today (total 550 shares only for a start).
Investors day coming up, would appear from charts that the SP has a small spike, from just b4 to just after the event. worth a look.
It probably does explain it, but personally i'm none the wiser!
I'll settle for the guesswork bit.
Dear Mostlyharmless.... I have stopped taking too much attention of the trading numbers. These are algorithms...the compilers of these do not know here whether they are buys or sells . I believe it comes down what the sp is ...so it's guess work and therefore cannot be relied upon. I hope that helps explain what you see.....
Thats a quarter of a million pounds wort in three buys!
Puzzled as to why 70000 buys and 30000 sells, yet the price goes down???
I thought if more people were buying than selling, the price went up.?
Annoyed frankly.
Turnover grew 18 per cent from £536.8 million last year to £611.5 million, there was growth in all of its metrology product lines, in its healthcare product lines, and a record adjusted profit before tax of £145.1million (up 33 per cent).
"I am pleased to report our 2018 annual results. We achieved a record turnover for the second successive year of £611.5m (2017: £536.8m) with revenue growth of 18 per cent at constant exchange rates," said executive chairman and co-founder Sir David McMurtry, in the firm's preliminary results statement for the year ended June 30 2018'
"We are also reporting a record adjusted profit before tax of £145.1m (2017: £109.1m), an increase of 33 per cent. Our total shareholder return during the year was 48 per cent, ranking Renishaw 18th in the FTSE 250."
I was quite happy to see Renishaw up 14%. I'm a holder since 2011.
Nice jump Yet another illustration of how the market is not getting things right in pricing stocks. So many shares have huge uplifts when results come out. Should almost start trading around results!
There is a new blog post on Renishaw https://www.sharesoc.org/blog/company-news/market-renishaw-asos/
Hello BigErn what do you think the hidden bad news is? Definitely hidden from my view.
hidden behind good news is always bad news thats why it drops!!!!
There's nothing like good news to get the SP falling.
I'll look forward to Thursday's results too, Setreal. The share price touched 5820p recently!
Having bought in November 2011 and previously owned some from the IPO in 1984 I think I should have picked up on RSW sooner. Given the past reported growth, the PE of 43 doesn't look unreasonable. However I'll be watching the liabilities when the interims are out on Thursday. Puzzling that the brokers seem to be a bit negative