Renold Share Discussion Threads

[marl07] 08/4/2014 07:55

Trading update

Renold, a leading international supplier of industrial chains and related power transmission products, is today issuing a trading update ahead of reporting results for the year ended 31 March 2014, on 27 May 2014.

The Group continues to make good progress in the turnaround phase of its strategic growth plan, and therefore expects to report results for the full year in line with market expectations. Closure of the Bredbury facility and the transfer of production to other Renold sites remains on schedule and within budget.

Trading across both divisions, and net debt for the Group as a whole, have continued in line with management expectations for the full year.

There have been no other significant changes in the position of the Company since the publication of a trading update in February 2014.

8 April 2014

[puffintickler] 01/4/2014 08:28

I sold out of these when they rose to 46p because they looked too frothy. I never expected them to reach nearly 70p.

Despite the fall back in share price I still cannot see much of a buy case at 55p. Forecast forward profits may justify this price in principle but there are still enough big uncertainties out there (pensions, success of Bredbury closure project) to suggest the price could fall further. Also any remaining hot money will move out as there is no evident prospect of a big short-term change over what has already been announced.

[marl07] 28/3/2014 15:59

28-Mar-1410:19:1856.0014,065Buy* 55.5056.007,876A
Nice buy

[marl07] 28/3/2014 15:58

28-Mar-1410:19:1556.0010,000Sell* 56.0058.005,600A Trade Type:
Automatic execution

[marl07] 18/3/2014 16:20

Stop loss 56p oh no
LOL

[sjc] 17/3/2014 16:43

Slowly turning, no vol yet.

[sjc] 04/3/2014 11:52

Hammer forming at the mo. a finish @ 60+ would be nice.

[sjc] 03/3/2014 23:02

Cash is king at the moment.RNO trend just holding, THT & VTU results good + up today.Obviously market could drift lower. Stay lucky.

[bogotatrader] 03/3/2014 20:31

SJC. From your charts looks like strong support around 60p level...around level to be getting back in again?...

[roddiemac2] 27/2/2014 09:18

Please confine your posts to RNO , Bogota , or stop posting here.You are a time waster.

[bogotatrader] 26/2/2014 20:34

Hi SJC - did look at market in VTU today on back of your chart, but market was very well offered below 63p level and not many bids inside 62p so I left it but will look to monitor and check the market again over next day or two. TRT will look at...

[sjc] 26/2/2014 17:37

Hi BT take a look @ TRT chart posted today, very interesting but DYOR.

[bogotatrader] 25/2/2014 20:32

SJC...Hi....RNO - slice my short-term trading position last week at around 66p mark...but still holding a large slug in my SIPP for that 90p/100p level in a couple of months after the results...

FLYB out at 131.5p last Friday on ST position from the 107.5p level and sold ex so will take up the offer plus a few more at 110p....

SNTY also in at 255p a couple of weeks ago and will be holding firmly for more gains...

FLOW have bought a large slug in my SIPP last week and a few small trading positions too...

Will look at VTU. Thanks

GL all RNO longs....be long and strong...

[roddiemac2] 25/2/2014 16:12

Is this now the miscellaneous shares board ?

[sjc] 25/2/2014 12:22

Hi BT have sold Flybe @ 129.5 and bought SNTY @290 & topped up VTU which is trending up 10p down 5p pre close update due. Just a view I know u will DYOR. Already doubled up on RNO.

[bogotatrader] 24/2/2014 20:30

SJC - fall today brings it closer to the bottom of the channel you identified...better buying level again....

[coolen] 23/2/2014 20:12

Bogota, good spot of yours re the roadshow.
Does this news appear anywhere else ?
What's behind the roadshow do you think ?

[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....