Yesterday’s post earnings selloff and subsequent rebound in Renishaw’s share price only too clearly demonstrates the City’s lack of understanding of the engineering sector.
As Martin Waller in the Times soberly points out, the analysts “should have known better”.
If they had really been on top of Renishaw’s business I don’t think there would have been such a knee jerk reaction to the earnings drop.
But more fundamentally, this highlights the pandemic running though our society … like the media, the Financial Sectors don’t take time to understand and value our Engineering Heroes.
Instead, they prefer to remain within the bounds of their EC4 offices and cast judgment from afar rather get to grips with the ‘real world’.