Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Very positive announcement with sales increase on a constant currency basis. Looks solid for me guys will need to top it up.
RWS........ Ahead Of Market Expectations .....Year End Trading Statement..... http://www.investegate.co.uk/rws-holdings-plc--rws-/rns/trading-statement/201510130700070264C/ … http://content.screencast.com/users/mickkipper/folders/Default/media/f5074331-6f12-4c37-8e30-1a4ab3586be4/rws%201.jpg
Seems poor here. Not huge interest unfortunately. Maybe waiting many years for any return. Appears sells showing as buys which is new to me!
Red at the moment
Why the personal insult. I was posting facts.
Tampers I meant, sorry was, teacher needs to give me lines ;-)
Trading statement not great. Wouldn't touch with a barge pole. No matter what tampers say!
Too risky. Dropped almost 80% recently. No buys coming here lol
Share issue x by 5 from 42 million approx to 211 million GLA
Reason for the drop = Share sub-division... From their RNS... ..."Resolution 7 to sub-divide each of its ordinary shares of 5 pence each into 5 ordinary shares of 1 pence was duly passed and the Company has applied for these new 1 pence ordinary shares to be admitted to trading on AIM, part of the London Stock Exchange. These shares are expected to be admitted at 8am on 11 February 2015." Also, their £0.81 hedge against the EURO does not look great
??
I have just reviewed their new revised patbase product, its a huge step up from their previous version
RWS Holdings: Numis raises target price from 875p to 1170p and maintains an add rating.
...will happen here oversold - good broker target - solid riser - but TA sitting right on top of large channel - with a gap below and the offer jumps around a lot which is odd. Bit of a mixed bag - what do folks reckon? GLA LM
RWS Holdings: N+1 Singer downgrades to hold with a target price of 600p.
RWS is probably one of the few businesses that floated nine years ago and have grown sales, profits and dividends each year since. The company provides translation and other services to corporates issuing patents in a variety of jurisdictions to protect their intellectual property. This is a growth area, especially in Asia, where western companies want to ensure that their products are protected against unlicensed competition. Meanwhile, RWS is starting the process the other way, signing up a couple of Chinese producers that want to ensure they can launch in western markets. Inevitably, patent applications rise and fall with global economic trends, but the long-term trend is upwards — international patent applications were up 11% in 2011 on the previous year. The shares have been strong performers this year, up 22% despite an 8% fall yesterday on profit-taking. On 16 times’ earnings, that looks like a decent entry point for long-term growth, Tempus believes.
Despite spending £6.1m on acquisitions, the group ended the financial year with net cash of £25.3m, up from £24.8m a year earlier, which bodes well for an increase in the final dividend, which will be in line with market consensus. The group paid an interim dividend of 4.02p while market forecasts suggest the full year pay-out will be 17.25p, which implies a final dividend of around 13.23p. "RWS has achieved further record sales, demonstrating the strength of its core patent translations business and of PatBase, despite the backdrop of the Eurozone crisis and the contraction in worldwide economic growth," Andrew Brode, Executive Chairman, said. "With a healthy pipeline of new client wins and prospects, the full benefit of the acquisition of inovia still to be realised, and the improvement in our German business, the group remains well positioned to make further positive progress in the new financial year and to continue to grow its share of the worldwide patent translations market," he added.
Patents translations specialist RWS Holdings said trading at the tail end of its financial year continued in line with expectations, but exchange rate movements have not been helpful. On a constant currency basis, RWS will achieve at least a 7.7 % increase in revenues to around £70m in the year to the end of September, from £65m the year before. Currency fluctuations will reduce the full year revenue figure, however, to around £69m. RWS has hedged the bulk of its estimated net euro exposure to January 31st 2013 at an average rate of 86.3 pence per euro. Revenue growth was primarily through organic growth in the core patent translations business, strong growth in China, Japan and PatBase. The performance of the German business also improved in the second half. Profit before tax is expected to be within the range of market expectations before the negative impact of currency during the period.
The interim dividend has been hiked by 10% to 4.02p
Trading in the second half of the financial year has been in line with management's expectations. "Whilst RWS is not immune to the fragile global economic situation, especially in the Eurozone, our expectations for the year as a whole remain unchanged with a greater second half weighting anticipated as a result of recent client wins, some benefit from the ongoing rationalisation in Germany, a full half year contribution from increased PatBase subscriptions, an increase in the number of translations being transferred from Inovia, a strong order book and a healthy pipeline of new business opportunities," said Executive Chairman, Andrew Brode.
Net cash at the end of the reporting period was up to £22.5m from £19.9m a year earlier, despite spending £3.7m to buy a one-third interest in Inovia Holdings. The company is set to buy the remainder of Inovia in September 2013, but in the meantime it has acquired for £2.5m the whole of the issued share capital of Davda & Associates, a company principally involved in the provision of patent and technical search services. Davda's adjusted profit after tax for the year ended 31st August 2011 was £0.45m. RWS said the acquisition will be earnings enhancin
Underlying profit before tax for the six-month period eased to £8.1m from £8.2m the year before, with the company noting that profits were £0.2m lower this time round because of currency fluctuations. Reported profit before tax eased to £7.83m from £7.97m a year earlier. Adjusted diluted earnings per share was up 3% to 14.4p from 14.0p at the half-way stage last year.
The group's core patent translations business, which accounts for around 70% of group sales, grew its revenues to £23.5m from £22.9m the year before. The information business, which accounts for 7% of group sales and a significantly higher proportion of operating profit, grew its revenues to £2.5m (2011: £2.2m). This performance was primarily driven by an approximate 15% growth in revenues from PatBase, its subscription database services arm.