Renold Share Discussion Threads

[bogotatrader] 21/2/2014 20:37

SJC...I checked IKA...amazing move and chart......I think FLOW will be similar very soon....institutional roadshow over next few weeks...next week they meet with Cannacord then other investment banks/broker in the weeks ahead....they will raise the interest in their big market and story......

[sjc] 21/2/2014 10:01

Nice Flow @ Flow.Check the chart posted 4 IKA .

[bogotatrader] 21/2/2014 07:11

SJC - thanks for chart and update....to me it looks as though this one will breakout at some point in next few weeks....you are right to be patient with this one...it will come very very good soon....by the way got my first position in FLOW yesterday and spotted your chart there

[sjc] 20/2/2014 22:33

Volumes been good 3rd test of upper trendline.Still a matter of being patient imo. Targets of 70 -90p are historical rather than mine BogotaTrader.Stay lucky, could be stuck in the channel!

[bogotatrader] 20/2/2014 21:01

small tick up.....poised again...

[bogotatrader] 18/2/2014 20:05

very firm indeed today....

[bogotatrader] 17/2/2014 06:41

SJC - short-termers would have been all out last week and the price hardly drifted lower....now looking ready to push towards your 90p chart target....

[bogotatrader] 14/2/2014 21:49

Yes, Roddie......even in early days this could be approaching 100p over next month or two......

[roddiemac2] 14/2/2014 21:47

You only have to look where the shares were in the years before the credit crunch to realise what might be possible : early days yet.

[bogotatrader] 14/2/2014 20:58

Nice small tick up today and looks poised for further rises in next week or two...

[roddiemac2] 14/2/2014 17:00

That is a way of looking at it , which is why I put it in inverted commas.However I remain invested because I think it is a good investment , and don`t think the risk of losing is high, nor would I be happy to lose some of " my hard earned profits "

I have so many good winners I don`t know whether to p--s or s--t. I can`t take it with me , so am taking profit here and there. Age has a bearing on all my investment decisions .Investment has been my only source of income for over twenty years.

[ryandj2222] 14/2/2014 15:01

"for free" just means you're happy to lose some of your hard earned profits, but don't mind losing your hard earned initial capital ;-)

[roddiemac2] 14/2/2014 09:59

I also like the recovery story. In 2010, I bought these at prices between 23.7p and 44.25p. Having sold more than half my holding recently , I will not rule out buying again . Meanwhile my holding is in there " for free ".

[ryandj2222] 14/2/2014 08:53

I like the recovery story, but it seems a little bit overvalued to me at the moment. Watching to get back in again... wish I'd stayed in now as initial buy was quite low.

[bogotatrader] 13/2/2014 21:00

SJC...yes, very pleasing....me to very very glad to be here from lower levels a few weeks ago.....punters and traders will be out today and tomorrow and then poised for the next leg up.....

[sjc] 13/2/2014 20:12

Good results..wait 4 the action to start imo.very happy to be aboard.1st trade today 250k just above bid ?

[roddiemac2] 13/2/2014 09:34

Hello puffintickler,

You are right; that has been evident for a couple of weeks.

I sold more today.

[puffintickler] 13/2/2014 07:38

It looks to me like the market already knew.

[bogotatrader] 13/2/2014 07:20

IMS Out - operating profits to beat market forecasts.....looking very good...

RNS Number : 9435Z

Renold PLC

13 February 2014

Renold plc

("Renold" or "the Company" or "the Group")

Interim Management Statement

Renold, a leading international supplier of industrial chains and related power transmission products, today issues its Interim Management Statement covering the four month period from 1 October 2013 to 31 January 2014 ("the Period").

The Group remains focussed on self help measures to drive continuous improvement in business performance and to support the cost of necessary future investment. As a result of improved underlying(1) order intake, contribution margins(2) , and overheads, the Board now anticipates that the adjusted(3) operating profit for the full year will be above the upper end of current market expectations.

Trading

Underlying Group revenue in the Period was down 1.3% compared to the same four months in the prior year with the Chain Division ahead 0.5% and Torque Transmission down 6.5%. This represents a slowing in the rate of year on year revenue decline which was 2.2% in the first half of the current financial year. The rate of revenue decline in Torque Transmission in the Period was similar to the first half. Underlying Group order intake in the Period was 3.8% ahead compared to the same four months in the prior year with both Chain and Torque Transmission delivering growth.

Contribution margins are steadily improving and the breakeven point in the Group is continuing to fall as self-help measures, including cost reductions, continue to deliver benefits. Working capital and capital expenditure continue to be closely managed and net debt remains in line with the Board's expectations.

The project to close the Bredbury manufacturing facility, announced in October 2013, and the resulting transfer of most of the production to other Renold sites, continues to progress well. The majority of equipment transfers and additions are now complete as are the related construction projects at the receiving sites. The Bredbury site is in a period of phased run down and the project remains on track to complete within budget by the end of June 2014.

There have been no other significant changes in the position of the Company since the publication in November 2013 of the interim results for the six month period ended 30 September 2013.
(1) The use of "underlying" excludes the impact of changes in foreign exchange rates.

(2) Contribution margin is calculated as the profit margin% after the deduction of direct variable costs.

(3) Adjusted operating profit excludes exceptional items and the costs of administering closed defined benefit pension schemes.

13 February 2014

[bogotatrader] 11/2/2014 20:33

SJC, yes that was nice volume today shortly after 9am.....

[sjc] 11/2/2014 09:54

BogotaTrader chart targets just being highlighted.760000 'NT' trade @66.75 today may be helpful indicator 4 a move.

[bogotatrader] 10/2/2014 20:54

SJC - lovely 1.2 million volume today supporting rises to come.....your 70p target pre IMS nearly reached and then onwards and upwards to your 90p target....

[sjc] 10/2/2014 17:00

Sling shot of shallow bowl, have doubled up.Spoilt for choice but ceo buy of 1.5m and other dir. buys last year too good a signal.Nice to get out @ 90p imo. Always dyor.

[bogotatrader] 07/2/2014 20:06

SJC...nice firm buying today with good move to over 65p....next week run should continue....

[sjc] 07/2/2014 19:25

On track,always easy if ukx is moving up 2.