Little covered so far as I can tell looking at old posts, but wondering if there are any Renishaw (LON:RSW) holders out there? This specialist metrology company has been a strong High Flyer over the last year (up about 80%) but dropped 14.5% today off the back of what appeared to be a pretty good earnings update.

https://www.stockopedia.com/share-prices/renishaw-LON:RSW/news/renishaw-plc-half-year-report-urn:newsml:reuters.com:20180125:nRSY8570Ca/

I suspect it may simply be profit taking or perhaps the realisation that they have material US$ denominated earnings and perhaps a good chance to increase my holding, but wondering if anyone has any views on whether it is something more sinister.

(Wonder also whether the board re-shuffle may have unsettled things with longstanding CEO handing over to Sales Director to become Exec Chairman).


Gus.

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