investorprotestor
06 Feb 2017
Thinking of taking profits up 56% over 1 year is a lot - time to put profits elsewhere - any thoughts?
MrMeerkat
26 Jan 2017
Re: I don't understand... Other things that could weigh on sentiment:- The pension deficit continues to grow, now representing 18% of net book value- The large growth in derivatives liabilities; this is an area I don't understand, I confess- The inventory and trade receivables (84 debtor days) seem large for a business that has short order visibility (order book typically 1 month), with consequent impact on cash balanceNotwithstanding these observations, I am a happy long-term holder. The business is prudently run and no-one could accuse the RNS of hyperbole.MM
SundayTrader
26 Jan 2017
Re: I don't understand... The price had been bid up quite sharply ahead of the release of the figures, so I think the good news was all pretty much factored in. Also, if you strip out currency movements, the figures look more "steady as she goes", rather than brilliant. They are continuing to ramp up R&D, which should be good in the longer term, but takes the shine off in the eyes of the dealer on the floor. These have done pretty well for me over the past few years, and look as if they will continue to do so - happy to maintain what is now one of my larger holdings. Hopefully the PE is a bit rich for anyone to come and take them over.
villafan1
26 Jan 2017
I don't understand... ... why the share price is dropping like a stone, after pretty good results. Am I missing something?
picstloup
26 Jan 2017
EPS up 25% Not a bad half year although, as predicted, profits flattered by the exchange rate. However, many costs are overseas based so it's still a strong performance ("Exchange rate movements have given rise to higher overseas operating costs in Sterling terms."
.Over £30 today?
5haggy
26 Jan 2017
Re: Bid target? If it helps with "confessions", I too got out a few months back at around an SP of £25, thinking that the shares were a bit toppy and would buy back later. So, I was wrong!!
In the dark yet again
25 Jan 2017
Re: Bid target? LKH,It was indeed a quiet day I had little else to do other than tidy up the garden which I really didn't fancy doing (and is still not done).FWLIW I have taken a few 'top slices' out in the past when things looked overcooked but always managed to get them back cheaper (sometimes quite a bit, sometimes not by a lot) at a later date, the exception being the last lot of Jul 2016 which went at just shy of £26. The 'plan' was to get them back at £20ish but that looks a little optimistic at the moment.But that makes me think that, given I buy them back later, maybe I shouldn't have sold them in the first place and it's my estimation of overcooked that's at fault. There has been an overall pickup but it's not huge and makes me wonder whether it's really worth the effort.I just get a tad 'scared' with these high P/E ratios especially when the old guys running it are, well, old.Regards,ITDYA
LK Hyman
25 Jan 2017
Re: Bid target? ITDYA,"even LKH can't even get John Deer's name right!"You're right! I apologise humbly to the tractor guy, even if his name is spelled ever so slightly different from that of the eponymous (sounding) tractor company LKH on the flybridge why did I ever sell this fine company?
Maj B
25 Jan 2017
Re: Results I'm afraid you're wrong there. Rsw manufacturers most of it's components in the UK. Some of these components are shipped abroad for assembly in Ireland or the US, but with most assembly taking place in the UK. The mainly imported components are any electronic components used in controllers. Also component costs are quite low.
picstloup
25 Jan 2017
Re: Results Very true, major. And not forgetting that many of RSW's components are imported, so the currency bonus is, partly at least, wiped out.
Maj B
25 Jan 2017
Re: Results This will be the first results since the Brexit £ devaluation. Rsw export circa 95% of production so lower pound should bolster UK profits. Mind you it's not unknown for subsidiaries to ask for a price drop following currency movements.
picstloup
24 Jan 2017
Results Judging by today's jump, and the study increase over the first weeks of the year (on quite heavy volume), somebody thinks Thursday's results are going to be tasty.
In the dark yet again
18 Jan 2017
Re: Bid target? Hopeless... even LKH can't even get John Deer's name right! Not met the man but I'm sure he's not a tractor.36% and 17% respectively and getting on a bit indeed.As for believing anything I read in the Mail, financial or otherwise, well I reckon you'd find more true facts in the Beano.Regards,ITDYA, having a quiet day.
vekta
22 Dec 2016
Re: Bid target? Wow! with that kind of stake the death duties could be massive!Vekta
LK Hyman
22 Dec 2016
Re: Bid target? Games,From your link:"David McMurtry and deputy chairman David Deer are 76 and 78 and they own nearly half of the stock"Hopeless ... absolutely bl**dy hopeless! The Mail can't even get John Deere's name right, or the fact that, between 'em, the two big bonobos own 53% of the company.With simple errors like these, why would one EVER want to pay the LEAST heed to what The Mail has to say? Paul Dacre should hang his head in shame.LKH on the flybridge
