Renold Share Discussion Threads

[nick rubens] 31/7/2018 15:32

Looks like it's starting a recovery phase. An improving trading update will get this back to a reasonable valuation. I still think a takeover attempt might come. Now is the time for any predator as it's just off it's new lows and sentiment still a bit bruised.

[tudes100] 27/7/2018 01:08

Volumes are tiny atm

[nick rubens] 26/7/2018 19:19

Huge 250,000 shares buy today. Looks like RNO is being snapped up by serious investors to me. I'm looking forward to next trading update or a potential bidder lurking for an opportune grab while the company is at a turning phase.

[senn1] 18/7/2018 17:57

Low pe also.

[senn1] 18/7/2018 17:56

Back to where it fell from? Or even better. When is the Chinese plant opening? Interesting times here now.

Senn

[nick rubens] 18/7/2018 10:11

Update confirms improving financials, should get some broker forecasts doing the rounds and hopefully showing a profits forecast above what was achieved the last financial year and closer to what was expected prior to the sudden share price fall from the 45p area.

[bc4] 18/7/2018 09:01

Another good update from RNO these look cheap to me

[coolen] 08/6/2018 00:07

Guessing that Simon Knott (manager of RIII)_shrewdly completed his fill of 12% prior to the figures.

As he would need to announce any further 1% increments, maybe there is a new institutional buyer who can defer declaration until they reach their initial 3% ?

[dan1nat1] 07/6/2018 22:43

Surprising we have not seen a notice of holdings RNS since last weeks big buys, anyone any ideas?

[nick rubens] 06/6/2018 10:54

I think it should reach nearer 40p on expectations of a trading update later this year confirming the improving financials expected as stated in the annual report.

If expectations prove to be ahead of that, then it's on a solid recovery trend, as long as nothing unforeseen occurs that is.

[boonkoh] 01/6/2018 18:27

This is driven by Trumps steel tariffs. EU will now have a glut and Renold will benefit from lower input costs.

[dan1nat1] 01/6/2018 17:08

Still looks to be a big buyer around, even after this weeks gains I would say this is a strong buy, got to be 40p+ short term.

[nick rubens] 01/6/2018 10:04

Added a few more this morning. Had to accept I missed a bargain a couple of days ago.
Too many times I've missed strong recoveries waiting for pullbacks that don't seem to come.

A trading statement later this year to confirm the improving financials expected as stated in the annual report should send this back up and a possible opportunistic bid looks likely IMO after the last few years of disappointments.

[fillipe] 31/5/2018 16:07

Still hugely strong at the total bid/ask.....422k v 105k.

At the bests, it's 50,845 shrs v (only)8,655 shrs, with shop window prices showing there at 30.10p v 30.5p.

It all says to me there's a good way upwards still to travel.

If that's of help,

f

[the_fiddler] 31/5/2018 13:41

Well well well, its on the move.

[martinthebrave] 31/5/2018 13:26

Two large Director Buys from Chairman & FD. share price responding. I added yesterday after 1st Buy 26p.

[fillipe] 31/5/2018 09:19

martinthebrave
29 May '18 - 07:27 - 1305 of 1309
Results not great but improving & encouraging. "...order books meaningfully ahead year-on-year." "For the year ahead, we expect growth to continue....". "expect to....deliver improved adjusted operating profit margins." PE only 4.5x. Should be enough. I have a few & will continue holding.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Same here Martin.

Currently + 10.4% to a mid-price of 28.8p and a tight spread there.

Level 2 order book in excellent health with the total bid/ask very positive at 340k v 197k, as I type.

Just the stock to get a mention in the upcoming Inv Chron.

A very strong hold for me from a 24.6p cost

gl

f

[coolen] 30/5/2018 21:57

Another Brownie point to recent bottom-fisher, Simon Knott at Rights & Issues Investment Trust?

[dan1nat1] 30/5/2018 19:09

Funds getting back involved?

[spooky] 30/5/2018 16:48

Huge volume today.

[dan1nat1] 29/5/2018 07:36

They may not be great, but they do show the sell off to be over the top imo.

[martinthebrave] 29/5/2018 07:27

Results not great but improving & encouraging. "...order books meaningfully ahead year-on-year." "For the year ahead, we expect growth to continue....". "expect to....deliver improved adjusted operating profit margins." PE only 4.5x. Should be enough. I have a few & will continue holding.

[gargoyle2] 23/5/2018 08:13

I agree, they do look like buys, but clearly there's a seller or two offloading. All the buys are having no impact on the price, so once the sellers clear, we may see a rise, imo.

[dan1nat1] 22/5/2018 20:50

They look more like buys to me?

[gargoyle2] 22/5/2018 20:33

JPM and Blackrock still selling in volume by the looks of things. RNO has to be undervalued at 23p imo. Worth picking up some maybe, while there's a big seller around?