Renold Share Discussion Threads

[coolen] 07/6/2018 23:07

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 21:43

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

[nick rubens] 06/6/2018 09:54

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 17:27

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 16:08

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 09:04

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 15:07

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 12:41

Well well well, its on the move.

[martinthebrave] 31/5/2018 12:26

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

[fillipe] 31/5/2018 08:19

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 20:57

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

[dan1nat1] 30/5/2018 18:09

Funds getting back involved?

[spooky] 30/5/2018 15:48

Huge volume today.

[dan1nat1] 29/5/2018 06:36

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

[martinthebrave] 29/5/2018 06:27

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 07:13

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 19:50

They look more like buys to me?

[gargoyle2] 22/5/2018 19:33

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?

[dan1nat1] 22/5/2018 19:28

Nice volume 3 days in a row...someone knows something.

[saltaire111] 22/5/2018 14:26

A modest improvement in bond yields will see the pension deficit evaporate.

Salty

[dan1nat1] 12/5/2018 10:58

With Renold's reputation in the industrial market place and turnover increasing profit will follow.

[pugugly] 12/5/2018 09:58

All you need to know - (imo) 3 year profit downtrend


Annual Report 31/03/2017 31/03/2016 31/03/2015
Turnover £m 183.4 165.2 181.4
PreTax Profit £m 6.7 7.4 7.7
EPS (Norm Dil.) p 2.1 2.4 2.5
Dividend p 0 0 0

Let the trend be your friend !!

[dan1nat1] 12/5/2018 09:05

Oversold on a minor profits warning, good for a recovery play within 6 months imo. Starting with the results at the end of the month.

[arthur_lame_stocks] 11/5/2018 22:10

If it wasn't for that pension fund deficit I might agree with him but personally I can't see any reason to make an investment here at the moment.

[coolen] 11/5/2018 21:35

Simon Knott Jnr, at Rights & Issues Investment Trust (RIII) has suffered a few mus-judgements in recent years(eg. Chamberlin plc and Coral Group plc).

But he is an old school clever cookie, descending from a clever City dad of high repute.

You just need to look at amazing rise in the nav at RIII to see that Simon Knott Jnr is no fool.

Knott is presently the sole buyer of Renold in any size. So far, the market disagrees with him.