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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??
Very nice, but it's still a long way back to £65+.
Nice one Sir David!
Let’s see if Morgan Stanley revise their November valuation!
Upgrade from Goldman Sachs - Target 6550p !
The AGM was positive and plenty of cash in the bank . The elephant in the room is what the ultimate situation will be post Deere and Sir David. The board say they are focused on the business not an exit strategy so normal service will be resumed.
Well, Morgan Stanley has revised its target for Renishaw down from £58 to £44, but I doubt that's likely to have caused all (or even any) of today's 5% fall.
… must wake up again soon
At best annual profit will be around 3.5% of the current market cap with a 2% dividend yield, disagree with the companys statement of improving macro economics, caution appears overvalued.
I haven't seen an explanation - perhaps the auditor(s) came down with covid. I will top up again if it goes below 5000.
Nice divi as well. Lot of cash in the bank, wonder what they're planning to do with it? And I still don't understand why the delay presenting the figures: was it auditors' incompetence (my bet) or Renishaw's?
Very solid - keep up the good work
Strong order book, strong net cash, high profit margin. A better buy than Newcastle United which Ashley knew somebody would pay over the odds for.
Sock it to ‘em Sir David
Down 3.5% on 9000 shares traded just crazy.....
But the key shareholders won't sell to anyone.
Bad for shareholders for the moment, but good for UK Plc long term
Now that the price is down must be a buyer waiting in the wings?
The Volume last week didn't look like a rush for the door.
Any opinions on that?
Something is not right here than just the recent delay of the interim results because the stock price is keep falling with 7 consecutive down days since last Wed 22/09/2021 and now is below both of the recent Lows 4774 made on 19/07/2021 and 4664 made on 25/08/2020 since the recent High 5565 made on 02/09/2021.
I know something just not right with that statement, the Market didn’t like it and now the question is would it revisit the recent Low 4774 made on 19/07/2021
Are we certain this is an EY problem and not a company problem?
Very shocking that Ernst & Young, supposedly professional auditors, have had to ask for an extra three weeks to prepare this year's results, three DAYS before they were due.
Really very poor show, they should be ashamed. They should be sacked and replaced with people who can carry out a simple contract.
Thank you I’ve seen it now, I don’t know how I missed that one