nk1999
08 Apr 2016
Telegraph- Questor "Rotork: Industrial valve specialist Rotork saw its shares slide more than 4% after broker Morgan Stanley downgraded the company’s outlook and warned capital spending in the oil sector will come under further pressure. The gloomy research note said that we may have only just begun to see the cuts in spending from the oil majors, as more pain is expected in the year ahead. The Bath-based engineering group manufactures high pressure valves that are mainly used in the oil and gas industry. The company generates about two thirds of its profit from valves used to control flow rates in the oil and gas refining process, with the remaining third largely coming from valves on pipelines and small gears and instruments businesses. The engineer showed a 28% drop in pretax profits to £102 million when it reported results for the year to the end of December last month. Market consensus is for full-year pretax profits to remain flat at £102 million in the year ahead, on revenue down 4% to £526 million, giving forecast earnings per share of about 9p. However, that may prove optimistic as the oil price slump has resulted in a slowdown in the order intake, down by 15% on a year earlier. Rotork is not standing still and is using this opportunity to expand, spending £148 million on acquisitions throughout the year, the largest deal being £125 million for Bifold, a valve manufacturer and distributor. We recommended selling in October last year at 186.4p, and until there is a meaningful recovery in the oil and gas sector we retain our negative stance. Rotork at 165.7p -7.4p. Questor says “Sell”. "
Our Haven
01 Mar 2016
Re: SP Good set of results, the market were expecting worse I think. Their strategy looks right for these market condictions. We are seeing a number of corrections now where there has been overselling of certain stocks in this sector. Upside happening now for holders in the sector.
Ingenious Solutions
05 Jan 2016
Re: SP Agree there is nothing wrong with the company. I bought many actuators from them when involved in the water industry and was so impressed with their performance that I bought their shares which have quadrupled in value. There R and D is impressive also. I guess the drop in sp I just down to global recession and uncertainty but there's an argument for sellling and re- purchasing later if you can time it right.I've sold all my individual shares and placed my was with a manager now.
pharmaspecialist
21 Dec 2015
Re: SP Yes, in retrospect that would have been a good idea but I don't think anyone is suggesting that there is anything fundamentally wrong with the company, it's just that some of its markets are depressed. I am happy to hold on for better times as the company will have no problem surviving the downturn.
Our Haven
21 Dec 2015
Re: SP IS- It is all relative could have been in Fenner as well.
Ingenious Solutions
21 Dec 2015
SP wish I'd sold these mothers 3years ago. The price has bombed since then.
nk1999
13 Oct 2015
Telegraph- Questor "Sell Rotork as oil slowdown bites: Industrial valve specialist Rotork saw its shares slide more than 4% as a brief recovery following the September profit warning ran out of steam. Questor still thinks the shares look exposed to further losses. The Bath-based engineering group manufactures high pressure valves that are mainly used in the oil and gas industry. The company generates about two thirds of its profit from valves used to control flow rates in the oil and gas refining process, with the remaining third of profit largely coming from valves on pipelines and small gears and instruments businesses. Meanwhile, the oil price slump has resulted in a slowdown in the total group order intake, down by 9.5% to £274 million in the first half. As work on projects outpaced replacement orders, the order book declined by 4.3% to £176 million. Questor was concerned that investors looked exposed to a slowdown when we advised selling at £28.13 (281p adjusted for share issue) in August last year. Rotork is a quality company that has invested in its technology and manufacturing capacity, but the shares have priced this in and more. Rotork at 186.4p -7.4p. Questor says “Sell.” "
mcescher
28 Jul 2015
ROR vs VLX comparison This infographic compares Rotork and Volex plc, they have details on valuation etc. [link]
Our Haven
09 Jun 2015
Re: Sub division They are exactly the same value to you and nothing to worry about.
Ingenious Solutions
09 Jun 2015
Sub division H-L informs me that Rotork shares have been sub divided, I now own ten times as many. Unfortunately each is worth a tenth of previous value. Is this just an administrative thing or something more sinister?
