We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
No wonder why the SP shot up earlier to an intra-day high of £45 around 3pm and was wondering what was happening, only to come back down and close at £43.50 in the end.
Siemens AG Statement regarding Renishaw plc released at 17.19pm :-
https://www.lse.co.uk/rns/RSW/statement-regarding-renishaw-plc-ift0tsl2fh1qltb.html
Renishaw Tipped by Telegraph to soar when interest rates come down.
Following Up Up comments re future for this unliked by the City share the latest figures and market reaction suggests the figures were better than expected. The founder shareholder issues are the main drag on share price performance . Can’t expect the outcome of succession strategy to be a happy one for all interested parties in light of investor and institutional short termism and the company segments being worth more than the whole.
Suggestions on a post card please or should it be in an email!
Some ramblings, discuss - Lots of dry powder on hand is a company trait. It's an unwritten policy employed by the founders. Ready cash having served the company well over the years w.r.t self-sufficiency in regards to weathering storms, acquisitions and developments such as that in Miskin which though yet to be publicly stated are likely to bring notable o/a cost savings following site rationalisation fy '24/25. As for founders and their selling up that's the biggy. Has to happen within the next 2/3 years surely. 'Young' Mr McMurtry 36% (if you know you know) and John Deere, not enjoyed the best of health over recent years, 16% in particular will loose the option of selecting their own timing otherwise. Despite attempt at ethical sale it seems, and makes no sense, that there are any suitors out there that want Renishaw ..... as is at least. A consortium offer involving its splitting, principally ellements of healthcare from the remainder having been rejected. Ironically it appears healthcare could now be approaching the cusp of coming good following years of investment. We’ll see. Its diversity now likely means it’ll be carved up and integrated over time amongst the others ...... unfortunately. That said, I still believe a large proportion of design, ip/patent generation, it’s what’s driven growth since inception, and Maufacturing will remain Gloucestershire / South Wales based. Costs are being trimmed on the cheap via severance packages now available across the business attracting interest, rather than just manufacturing services; near term forecasts not being favourable. Unfortunately, for the long term however, this is merely attracting the attention of older long termers, the intent, (quickest way to remove some cost – sale in mind?) aka moderators/mentors, with 20+ years who in areas have played a significant role in Renishaw’s growth and product development. Can young blood employ wise heads and avoid tredding old hard learnt lessons .... ummmm tbc! As for ‘young’ Mr McMurtry it’s rumored that the next gen of AM machines will form his swan-song and his interest / passion now resides elsewhere. See McMurtry Automotive. His current sand pit! JD’s being Chepstow racecourse and his horses. Watch this space but interesting and most likely turbulent times lie ahead under any new ownership.
Yes could have been worse and the sales increase in certain area is encouraging. This is a cyclical stock but cash in the bank enables further investment in growth area and the new site will hopefully reduce costs in the future.
Yesterday's 4% drop, the day before full year results, looks slightly suspicious. Can't see any real reason for the drop, as the results merely confirmed what was in the guidance. I'll carry on holding, so pleased by the (modest) rise in the (massively well-covered) divi.
Lmao
There’s much to like about Renishaw but as for owning the shares?
I get the feeling share holders are second class citizens as far as the ownership are concerned.
Share trust !? Not a chance.
Heads up guys. Renishaw is offering severance, (redundancy on the cheap) to manufacturing staff which is likely to be rolled out eleswhere. Poor forecasts spanning the next 2 yrs!
The RNS states institutions were not prepared to engage with the board over the objections they made to continued appointment of the founders to the board. Perhaps the city boys realised how old Warren Buffet is!!
Of more interest is where the founders shares go on their demise. An attempt at an ethical sale got nowhere so what happens now?
I don't think you fully understand the company as its still majority owned and run by the original owners.
I dont understand why they are hanging on to over £200m of cash in the bank. The CFO stated he had no intention of paying a special dividend as they may need some for overseas developments? Which ones?
This Board of Directors need to get moving to bring the share price up - otherwise the company will continue to drift.
Yeah good outlook too and the market seemed to have liked it with today’s reaction.
I might finally be able to add my second tranche sometime this year after my first tranche in July last year but if the price is not less than north of £44. So let’s see what the follow-ups hold.
Figures look quite respectable in the circumstances, outlook encouraging and div up. And wad of cash in the bank. What’s not to like?!
The company will indeed be sold off eventually, probably when the old boys, god bless them, finally stop bed blocking/die, but there is no reason at all to believe that it will be at a premium for (the other) shareholders.
Notwithstanding my last comment I have bought a few on the basis that sentiment is at all time low, sp is near year low and co will be sold off sooner or later.
And so says Tempus in the Times this morning.
PGood results but outlook "weaker"
Another cracking set of results from an excellent British company, about time we saw a bounce here surely, no reason for these to be 35% down Y-O-Y !?
I bought the first tranche today but I could be wrong so let’s see what the follow-ups hold. IMHO DYOR GLA
Looks like my thoughts are correct. But you can hardly knock this company in producing significant profit increases and forecast this to be maintained on a year on year basis despite a small reduction in the forecast.
Due this week. Will we see further sales growth despite China shutdown or will cyclical worries on world economies start to contain the share price?
Feel £65 was the opportunist take out price and short term investors got burnt fingers. We may reach that price again purely on trading fundamentals if these results are anything to go by. But enthusiasm will be tempered by the founders eventual exit route. Employee share trust perhaps??