just got this off sharecrazy board>

http://www.stockchallenge.co.uk/typo/stockchallenge/ftse.php


seems its definately set to move into the smallcap sector and indeed the trackers will be buying.Its up today as a few have already calculated this.

Raymarine (LSE: RAY.L - news) makes the kind of kit every well-equipped sailor needs, from navigation devices and autopilots to radar gear and instrument panels. The rating on the shares of 5.5 times current year earnings plus the prospective yield of 8.2% - certainly looks attractive on a long-term basis. However, the short term is likely to prove difficult. Avoid says the Telegraph.

Raymarine sits at six times earnings and yields nearly 8%, but carries 82m of net debt. The chance of a fresh bid approach remains, but that is insufficient reason to buy. Sell says the Times.

Another profit warning...now 30p.


23 October 2008

Raymarine PLC ('Raymarine' or the 'Company')

Trading Update

On 7 October 2008 Raymarine reported that its like for like sales for the nine months to 30 September 2008 were 8.5 per cent below the comparable period last year. Since then Raymarine has seen a rapid deterioration in the markets it serves. Order intake and sales during the month to date have both been substantially below the Board's expectations. As a result the Board now believes that Raymarine's results will be significantly below the lower end of the market's expectations for the year ending 31 December 2008.

In the last two weeks there have been a large number of announcements and indications by boat builders around the world that they will be building significantly fewer boats both this year and in 2009. Raymarine's sales through other channels have also experienced a sudden slow down.

Peter Ward, Executive Chairman, initiated a thorough review of Raymarine's costs following the departure of the Company's previous Chief Executive. The Company will be seeking to eliminate a significant element of costs whilst ensuring that it retains its long-term ability to design and market innovative and exciting new products.

Raymarine's 5 year committed borrowing facility runs to November 2009. The Company commenced discussions with its banking syndicate some time ago with a view to extending or refinancing the facility. It is intended that these discussions be concluded before the Company's results for the year ending 31 December 2008 are announced early in 2009.

is this worth buying for bounce up?

what u think its worth hyleo?

63% hit so far today.a risky punt.interesting? Any opinions?

Yeah ... your already holding enough crap give this one a miss.

xxx

Dil Im bored!..just sniffing about

:-)

does anyone have what this company should be roughly as its been hammered today on 8% less in figs.

i just bought about 20k for a laff earlier at around 62% down on the day - bored also - so want to see it bounce - like now!!!

i tried buying when it was 23p.....but was offered 27p initially and then 29p.
p?ssed off

Where do you get the 8% less from?

dont blame yer - hope that bounce happens later!

Raymarine reported that its like for like sales for the nine months to 30 September 2008 were 8.5 per cent below the comparable period last year

65% drop though......seems severe

No, you've read it wrong.

Today they said that on the 7 Oct they reported that for the period to 30 Sept, their like for like sales were down 8% but since then there has been a rapid deteriation in their markets

yes - i've taken a little risk to relieve the boredom - lets hope the cost cutting ray marine mention re-nego of banking agreements go well - looks like iminent redundancies at ray marine

jes, its down more gibby.....glad i held off today.....should i buy now though for a bounce

72% down.these markets are crazycomplete discipline needed.

geordie - i am just so happy!! yep down to about 17p though i am contemplating buying more - i am sure these will bounce even if not today - the markets have lost control of their minds temporarily!! i think i'll need a day or 2 of patience with this one - but if you like risk buy now if not already done so - glad you held off a bit more profit for you hopefully

This slide of RAY was as clear as crystal.