Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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.
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!
Selling up if it gets to 650 here. A bird in the hand and all that. Sell before the peak, (no I not anyone truly knows .... other than NAS ofcourse) d/ buy after bottomed out.
Risk Vs reward assessment kicking in. Personally happy to forgo 50p / share ...... potentially.
The board wearing their finest ramper hats ..... and I'm good with that tbh. There has to be more in this! ...... as long as they're realistic and not merely trying to stay in for purely selfish reasons. Though trying to orchestrate events here ultimately it's not the board that'll determine things here though. Currently offering silver let's hold for gold ...... 18crt! ;-) GLA
Egm being streamed anywhere?
........|
......./.\
...../__.\
.....|===|
.....|..S..|
.....|..N..|
.....|..G..|
.....|......|
.....|......|
.....|......|
.....|......|
.....|......|
.....|......|
..../|#||#|\
.../.|#||#|.\
../..|#||#|..\
..|../^||^\..|
..|./.^||^.\.|
Nice slight of hand given the figures .... if they can hold on to the associated staff and retain their ongoing business/ prevent their departure and re-establishment of a local competitive force.
........|
......./.\
...../__.\
.....|===|
.....|..S..|
.....|..N..|
.....|..G..|
.....|......|
.....|......|
.....|......|
.....|......|
.....|......|
.....|......|
..../|#||#|\
.../.|#||#|.\
../..|#||#|..\
..|../^||^\..|
..|./.^||^.\.|
..|/..^||^..\|
.....(VVV)
......(VV)
.......(V)
........*l*
......( * )
...( % : % )
.( %%:%%)
( % % % % )
(%%%.%%)
Great director addition to the ULS team. She'll bring a wealth of practitioner marketplace knowledge to the table and its seems some real proactive drive in this key area of the business. Looking forward to seeing the impact she's undoubtedly going to have over the coming year or so. Anyone who's suffered the conveyancing will appreciate the need for alround improvement- GLA
Great performance over a challenging 'shutdown' period for a company that by and large supports process industries. Prospects and growth strategy looks great for the opening back up (all that kit needing to be recomssioned) Chinese cost savings/business opportunities etc. LTH here. Whats not to like!? Back towards high 20s sp in the not too distant future I believe. GLA DYOR
FSP process combined with morally sound founders with fixed view of suitor compatibility. Wholesale breakup is considered HIGHLY unlikely. At least in the short/medium term.
Expect integration into suitors business with restructuring, site (real estate), duplication product crossover type cost savings followed by select sale of minor divisions, sites.
Plenty of cost saving opportunities and extensive patent protected product portfolio.
In summary lots of sp growth opportunity in medium term! Just saying ;-)
Great to see Voda' taking a morally responsible approach to the vaccine need in developing markets. Great PR and customer building too!. Good move by the BOD. Tells us much about them as a team too!
....it's all good! Only one way from here. Let's hope the momentum can continue.....lth here
Glad, enjoy the ride
Been in a while here. Cost down via overseas sourcing. Process downtime due to pandemic giving valuable opportunities for customers preventative maintenance will lead to some good results and improving sp imho. Dyor though
Gla
If it's good enough for Schroders it's good enough for me ... fly .... up up n away!
I've commissioned machines and would agree. Only concern being the need to confirm legalities (equipment ownership) and manufacturers formal acceptance/buy in to such an approach.
With completion so close. Presumably at the stage of run off trails, I.e. all bar pushing buttons in essence surely remote support/guidance from the manufacturer with local technical staff should now be possible. Come on RMS cost the commercials and get on the case .... NOW!
Renold are involved in the manufacture of transmission equipment!
Not the sexiest holding and maybe a bit of a slow burn but I believe this one's only going one way in the next year and 30p forecasts will be proved correct. Process downtime = valuable maintenance opportunities! = more transmission devices. Oh and cost down = more margin. What's not to like!? LTH here. DYOR