Renold Share Discussion Threads

[bc4] 08/11/2018 12:17

Results next week maybe Thursday

[baticle] 11/10/2018 08:55

Looking at the trades I think there was a number of shareholders wanting to exit and all did so at the same time without any buying to counter the sells, creating a false market valuation, Everything looks sound enough to me and managment seem to have a handle on things...one to hold for me

[nick rubens] 11/10/2018 08:23

This should be one for Institutional buying on the smaller company sector. They must be asleep today.

[nick rubens] 11/10/2018 08:20

I bought a few more, got up too late for the bargain sell off, but it's still cheap and I expect a run up to the Interim Results on Nov 14th because the market knows they'll reflect the improved results as stated in the update.

Markets can be irrational most times. Solid engineering company. One to tuck away in the SIPP.

[baticle] 11/10/2018 08:04

I'm not sure why the drop, I thought it was a decent enough update.... nothing to get excited about but 20% down in the opening hour....Maybe market sentiment from last nights Dow Jones Fall......I managed to add to my holding sub 30p, it's worth more than that.

[bc4] 10/10/2018 11:55

Should be tomoz

[nick rubens] 10/10/2018 11:05

Seemed to be alot of volume around the 39p-40p level. I'm surprised it hasn't held, so lets hope the trading update is good and without any below prior expectations statements.

[nick rubens] 25/9/2018 09:17

If you view hvs's other posts, they are not investment/company related either

However it is possible he purchased RNO at much higher levels, in which case he is entitled to be disappointed, but hopefully he'll see his value restored eventually..

[nick rubens] 24/9/2018 17:34

Hopefully the trading update is not only decent but bullish and then that should get it back up on a growth trajectory. I'm still surprised how low it went a few months ago when the market was already prior informed of expectations, but must have thought things were going pear shaped and then when the figures came out, all was generally ok really. Can't grumble, as it gave me a buying opp, but I missed the 25p irrational bargain bottom price through fear myself.

[bc4] 24/9/2018 16:07

Still creeping up there should be a trading update in about the second week in October

[bc4] 19/9/2018 16:28

Nice steady rise must be worth at least 50p we will soon find out

[nick rubens] 18/9/2018 08:08

The Interims are due 14th November, though I'm hoping for a prior trading confirmation of profitable growth though last results were not that bad after the unusual huge share price fall.

[gargoyle2] 13/9/2018 16:05

Was 12 October last year.

[2breakout] 13/9/2018 15:40

Any idea when the update is?

[nick rubens] 13/9/2018 15:25

Confidence coming back to Renolds, good buying today and hopefully a positive update is coming.

[bc4] 31/7/2018 16:33

Well the same happened to Carclo so who knows?

Consort Non-Binding Proposal for Carclo plc

Consort announces that, following a meeting between Consort and Carclo plc ("Carclo") on 25 May 2018, it submitted a letter on 29 May 2018 setting out a non-binding proposal for a potential acquisition of Carclo (the "Proposal"). The Proposal valued each share in Carclo at 116 pence per share and the consideration was to be in the form of new shares in Consort. As of 29 June 2018 (being the last trading day prior to this announcement), this implied an exchange ratio of 0.0973 Consort shares for each Carclo share. The letter also contained a request for a meeting between senior executives of the two companies to explore the Proposal and its merits in more detail.

The Board of Carclo rejected the Proposal on 1 June 2018 and has subsequently rejected further requests from Consort for a meeting.

The terms of the Proposal represent a premium of approximately 43.6 per cent. to the Carclo closing share price of 80.8 pence on 29 June 2018 (being the last trading day prior to this announcement).

[nick rubens] 31/7/2018 14:32

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 00:08

Volumes are tiny atm

[nick rubens] 26/7/2018 18:19

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 16:57

Low pe also.

[senn1] 18/7/2018 16:56

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 09:11

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 08:01

Another good update from RNO these look cheap to me