Bertie Biddle
27 Dec 2017
Re: Broker downgrade picstloup"Well, they regularly get contracted by Apple to make things to put in iPhones, does that count?"I don't think RSW make anything that goes in an iphone.Further investigation reveals that an analyst had discovered that Japanese machine tool orders had increased some 28% where RSW probes are extensively used and a major market for their machine tools is China where factories machine the iphone8 casing.An Apple promotional video showed an RSW probe being used when a casing was being machined so this analyst puts two and two together and makes twelve, concluding that due to upsides in the consumer electronic market that the Japanese are going to sell more machine tools to China with RSW probes that will machine Apple iphone8 casings!!The analyst reckoned earnings increases of between 10 and 30% for RSW as a result.Current year on year growth in that market is about 28% and based on the latest accounts, metrology sales to Asia would need to increase by a further 67% to achieve a 30% increase in RSW total revenue ie: about £160m and that's an awful lot of probes.DYOR
picstloup
28 Nov 2017
Re: Broker downgrade I concur with the first two reasons but am unable to see how they could benefit from "upsides in consumer electronics" considering they have absolutely no business in that market? -asks BertieB__________ Well, they regularly get contracted by Apple to make things to put in iPhones, does that count?
Bertie Biddle
27 Nov 2017
Re: Broker downgrade UBS say that SP's in RSW may have " benefited from improved general industrial demand, auto production growth and upside in consumer electronics"I concur with the first two reasons but am unable to see how they could benefit from "upsides in consumer electronics" considering they have absolutely no business in that market?UBS are one of many who have been predicting RSW doom and gloom for some time. It might be something to do with bankers inability to predict anything economic correctly since 2008 when they messed up big time.RSW are overpriced and the prudent amongst us may be tempted to sell. Fundamentalists on the other hand who are invested for the longer term should continue to hold IMO.
Hawk Eye32
26 Nov 2017
Re: drop in share price Tom, this has been on a fantastic run for a few years, now could be the opportune time to pocket some of the profits we have enjoyed on this journey. Good luck to all who have a holding in this company, I'm sure there is more come.
susanne9
26 Nov 2017
drop in share price This is by far my best performing share this year in a portfolio of about 13 or so. I like the company too and still think it is good value but am keeping a sharp eye out for any significant drop in the share price.
tomhawbuck
25 Nov 2017
Broker downgrade According to today's FT (page 22) UBS have downgraded RSW with a target price of £45.35, arguing that it is expensive at a 70% premium to its sector. We have had these downgrades from brokers before, but at the moment, I am comfortable with the shares, though I will look out for developments next week.
nettle124
20 Nov 2017
Price on the BBC - 55p! How come the BBC is saying that Renishaw are down 99% today? Seems like one heck of a flash crash.
nettle124
17 Nov 2017
Re: Big Fall I think that this is the moment the day traders would chime in with "£60 by Christmas".
Bertie Biddle
17 Nov 2017
Re: Big Fall Interesting to look back to my post 06/10 when the share price had dipped to 4,670.I said then: "IMHO this is a definite buying opportunity which LKH may regret if he ignores it.The broker downgrade to which Blanketstacker refers was Deutsche Bank. In August they advised sell with a target of 3180 and now they have an increased target of 3630 and are still saying sell.If this is really the reason for the sudden drop then I think investors should doubt the advice of a bank who consistently is unable to get its own affairs in order can be trusted to predict others.This share is expensive at the moment as LKH says but it will seem cheap in a few years. Day traders can forget it but it is a share for the long term."Well it looks like I was wrong about Day traders ignoring the stock but as I write it is 5,550 so a nice little profit of nearly 19% if you took my advice and saw the drop as a buying opportunity. Looks like Deutsche Bank advice remains suspect.
Bertie Biddle
17 Nov 2017
Re: Knee robotics Looks like RSW was not involved as Smith & Nephew aquired a US competitor, Blue Belt Technologies, who manufacture robots.It would seem that using robots for knee surgery has been around since 1985. I think Renishaw surgical robotics are more state of the art precision positioning of surgical tools as opposed to simply supporting a patients leg with a robot during knee surgery.
gamesinvestor
13 Nov 2017
Knee robotics Robotic surgical assistance launched by Smith & Nephew[link] wonder if RSW had any involvement in this?Games
Bertie Biddle
06 Nov 2017
David McMurtry Nice story about David McMurtry in the FT:[link]
nettle124
30 Oct 2017
The Big Push Received the dividend recently, which for me is the great joy of investing.I suppose a secondary benefit of owning shares is watching the capital value go up. I see Johnny Renishaw limbering up to get out of the £40-£50 trench and push on to the next one. He has raised his head above the parapet a couple of times and the fire from the selling crowd appears to be pretty intense. It can only be a matter of time though before he goes for it and starts digging into his new position.
Bertie Biddle
20 Oct 2017
Re: Busting the numbers Do they really mean 2017/18?
gamesinvestor
20 Oct 2017
Busting the numbers [link]
