Renold Share Discussion Threads

[bogotatrader] 06/12/2013 11:38

next leg up?

[bogotatrader] 04/12/2013 21:00

Looking very firm...guess it will move up a wee bit more short-term and with earnings coming through for the next year this could be a doubler....80p/100p?

[ryandj2222] 03/12/2013 16:51

I read today that credit suisse says "recommend focusing on companies with unfunded pension liabilities as they should benefit as gilt yields rise further."

Not too sure on the pension liabilites with RNO but it seems they could be affected positively by rising gilt yields?

[go with the flow] 01/12/2013 13:35

Having backtested 40p, price has quickly risen to 50p.
That 70p prediction by someone could now be viable.
But DYOR.
Flow

[roddiemac2] 28/11/2013 15:44

I agree about the pension deficits.

[meijiman] 28/11/2013 15:23

I'm watching -might be a buyer lower down. Bt mid 20s and then looked like a lemon as they fell below 20p as I recall. Perhaps what people forget is the level of operational gearing in a business like this. Also, as Ive seen with a few others, the market is now much more comfortable about sizeable pension deficits.

[roddiemac2] 28/11/2013 15:05

meijiman, -in 2010 the shares rose from the low 20`s to about 44p by December, but drifted all the way back by December 2012. The rise was premature .Is it now? Decent volume today.

[meijiman] 28/11/2013 14:52

Hmm something going on here? Doesn't look good value any more unless there are upgrades in the offing. Maybe there are. I sold a bit too soon by the look of it.

[lomcovaks] 25/11/2013 17:32

Got to say I'm with Puffin on this and sold my holding at just under 46p recently. On a PER of 16 I think the price had got ahead of reality and was completely ignoring the pension deficit that will be dogging the company for years to come.

That's not to say that sentiment or irrationality won't take the price higher from here and good luck to all holders that have the guts to hang on for more.

I will probably buy back in if the price returns to where I think it should be but I'm happy with what I've made so far.

[bogotatrader] 25/11/2013 16:34

Looking good for re-rating and further rises on back of recovery and more earnings...

[puffintickler] 24/11/2013 07:41

Good luck roddie

[roddiemac2] 23/11/2013 11:40

Schroders have added a few more: now 16.022%.

Puffinticker: as you say, " lots of work still to do ". I will hold for the long term , unless cracks begin to appear; recovery plays don`t always recover.

[ryandj2222] 22/11/2013 14:29

I read the statement as quite positive and that they are working towards overcoming the challenges, and bought some more when it dropped off close to 40. Fingers crossed for further breakout above 45 p!

[robow] 22/11/2013 08:37

tipped somewhere? About to breakout.

[fatman4] 19/11/2013 21:25

made the right decision for once sold a month ago for just over 45p - may revisit but after reading rns will wait for lower price than 39p - if not good luck to all holders

[sailastra] 19/11/2013 17:22

Puffintickler

Rather wish I had kept a closer eye on this thread as you were proven right at 46p...I got out today at 41p and I think your comments are quite fair, lot's of work still to do.. The easy money may have been made for now and a chain is only as strong as it's weakest link.

[puffintickler] 19/11/2013 10:23

Interims are a real mixed bag. I was hoping to find something to persuade me to buy back in but the positive future talk is rather clobbered by the negative present reality. Certainly a good improvement in their position since the beginning of the year but still no post tax profit.

The closure of Bredbury will have a good effect but there is an ongoing onerous lease of 700k/year for 16 years to pay (hopefully this can be mitigated, but by how much?) and 4M of restructuring costs. So the benefits will not be felt for a year or two.

Other comments about "improving trends" are on closer inspection, more a case of stopping the rot than a real improvement.

I will keep my eye on this one as if it does pick up it may recover quite quickly. But this is far from certain and there may be a long time to wait for any action. I still think the price will settle well down from current levels as it drifts off people's radar. Staying out.

[puffintickler] 23/10/2013 14:49

I think the price has got a bit ahead of itself today. A recovery play yes, but for me the share price has already recovered, we now need to wait for reality to catch up. It probably will but I can see a substantial drift down from 46p first. I've sold out for now.

[mog] 23/10/2013 00:09

blippy2, yes I agree with 70p target, if we can finish over 45p then a nice big double bottom will have formed with 70p target

[fatman4] 22/10/2013 18:44

sold out for a small profit after waiting for so long , hope the company goes from strength to strength , if dips under 39/40p will get back in

[blippy2] 22/10/2013 14:39

Bought in this AM after the rise. Paul Scott says its PER is too high, the Balance Sheet is bad, and he doesn't like the fact that it doesn't pay a dividend.

But it looks like a recovery play to me, with possibility of 70p in the first instance.

I guess we'll get to see who's right.

[a3477681] 22/10/2013 10:24

Good to see this one picking up. Very glad to have doubled my holding when 20p in December 09 but its been a long haul. I still have to reach break even myself. It certainly responded to the new broom approach. Where are their main markets? Lets hope nuclear power stations need chains because my old Argocat which is an all terrain vehicle made in Canada had Renold drive chains but it would have needed an awful lot of them to keep the company going!

[puffintickler] 22/10/2013 09:57

Just over break-even, happy with that having been 70% down at one point.

RNO also looks good going forward as the big issues dragging the company (pensions, overcapacity, geography) have been or are being addressed.

[mog] 22/10/2013 08:45

Yes the new CEO seems to be really turning this around

[puffintickler] 22/10/2013 08:27

Strategic Review and Period End Trading Update says results for half year will be "substantially ahead of expectations" so a nice 10% rise this morning.