Attended recent AGM (on one of several large Freehold sites owned) and quite like overall picture of what I saw.Manufacture high tech sensor equipment. Bought earlier this year at 735p, saw them drop sharply on adverse analyst comment before recovering to same sort of level.Presentations implied basic trading strong, prospects good and they are gradually switching some manufactured product to Far East. Lots of sales in US$, so exchange hurts at present, but ungeared and healthy yield over 3%. Particularly appealing bit is that controlling directors both now late 60s and succession must be beginning to concentrate their minds. IMO they may well be taken over in next 5 years and if trading continues as good as it looks, there could be decent rewards for the patient.Always DYOR

This company is just up the road from me, saw it drop to 3 at the hight of depression and thought then I ought to have some but not enough funds to get in. If only........

Ex-divi 14th Sept '11, 24.7p

Yield is v.poor, so don't get excited. This is sp growth IMHO and I'm not sure that is likely to be as strong as recent growth, now part-lost.
EDIT(19March2013)- seems they are selling oodles of probes orldwide and +30%
into China. They keep their IP at home and recently bought the Bosch site outside Cardiff . . . the 90 acres is earmarked as a science Park and RSW is using the B-factory to make 3D "printing" machines which their World-leading customers may find interesting, as it's in metal - (plastic was 2011) + and things seems to be moving in high added-value products. SP stuck at £18.50 range and ~2% yield is better than my Bank!
EDIT (24Oct2014)-Oh No! sp looking to £15 despite claims of increased sales... must be wait and see time.
EDIT (20Dec2014)- sp £20 again . . . seems Orders are indeed up . . . . odd that, in 2-months!
EDIT (5Nov2018)-dipped to £38 few weeks back; now £43 -[ PE~23. Yield ~1.2%]

Final Results

HIGHLIGHTS

• Record revenue of £355.5m (2013: £346.9m).

• Record quarterly revenue of £107.0m achieved in final quarter.

• Strong demand for our 3D metal additive manufacturing, measurement automation and encoder products.

• New product releases during the period include the SPRINT™ high speed contact scanning system for machine tools and ATOM™ encoder readhead.

• USA FDA clearance to market the neuromate® stereotactic robotic system.

• Continued investment in research and development, production and marketing infrastructure.

• Capital expenditure of £39.2m, including construction of 153,000 sq ft at New Mills, purchase of buildings in Germany and in China.

• 17th Queen's Award for Raman inVia microscope.

• Sale of shareholding in Delcam plc for £32.0m.

• Strong balance sheet, with cash of £43.6m.

• Final dividend of 29.87 pence per share.

StockMarketWire.com
Renishaw's H1 pretax profit was £56.6m, to £25.6m. Revenue rose £223.8m, from £163.9m. It proposed a dividend of 12.5p a share.

H1 revenue growth was 90% in the Far East, 14% in the Americas and 16% in the UK.

In Europe, revenue was marginally lower by 2%, although 4% higher at constant exchange rates. More specifically, revenue in the Far East increased from £59.1m to £112.4m, in the Americas from £40.4m to £46.1m and in the UK from £10.5m to £12.1m. Revenue in Europe was £47.7m, compared with £48.8m last year.

Looking ahead, Renishaw said it had experienced a strong H1 and, as indicated, the trend in revenue growth was expected to continue into H2.

"We currently anticipate full year revenue to be in the range of £480m to £510m and profit before tax to be in the range of £130m to £150m.

"Research and development continues at a strong pace and a number of additional products will be introduced this year. Furthermore, we are expanding our sales and marketing activities throughout the Group. We remain confident of the Group's prospects for both this year and the future."

wish i'd bought this at £3 in 2009...... :(