Renold Share Discussion Threads

[meijiman] 02/4/2020 20:24

Sure..but you need to manage the story.
If I was a fund manager owning this I would be recommending the broker and IR both be canned tomorrow.
The impression given is that management is asleep at the wheel.

[wigwammer] 02/4/2020 19:40

£200m revenues last year. Doing something right :)

[rburtn] 02/4/2020 15:51

The mystery about all this is what are the major holders doing about it. Have they just written it off?

[stockjunkie11] 02/4/2020 15:45

Told you all, see my postings

R.I.P. Renold

[pugugly] 02/4/2020 15:38

Debt debt and more dept plus pension labilites loaded on top - Dead man croaking and crawling to oblivion (imo)

[meijiman] 02/4/2020 14:10

This is a scandal...supine management seem happy to let the company go under.

[stockjunkie11] 18/2/2020 08:12

This isn't just the Chinese adventure, it's the management.
For years, the former glory of the company has been shining through, when competent managers were in control.
The arrogance of current management during the last 10-15 years towards the market has a price, the ones that become visible today on the shares. If you think you can win by barking off customers and staff with wrong instructions that go against any logic, then you deserve the downfall. Meanwhile, highly skilled competitors are quietly taking over the market. There is nothing more, nothing less.

Shame on your management, or what goes on before that.

[rburtn] 14/2/2020 11:49

Correct me if I'm wrong but surely it behoves the directors of a company to provide some form of explanation for the precipitous drop in share price recently. If there is a problem in its Chinese adventure, then a market report is the least we can expect.

[diku] 04/2/2020 22:26

Of course it can...insiders own the company...wider shareholders are just a side kick amongst wider scheme of things...





rburtn
19 Dec '19 - 08:05 - 1402 of 1404
0   0  0



This company has not paid its ordinary shareholders a dividend for 15 years. It has retained 35 Million in 'profit' just over the last four years yet is worth - according to ADVFN- about 2 Million. This money has just been poured down the plughole. The preference holders have done remarkably well all this time. One gets the impression the 'ordinaries' are being taken for a ride. Surely it cannot continue like this?

[stockjunkie11] 19/12/2019 11:16

Glad you'll open your eyes, this brand is no longer persistent.
Very poor management, they will pay the highest price soon.
Take my advice.

[meijiman] 19/12/2019 08:40

Got to agree. This company is a scandal. Incompetent management and a supine board.

[rburtn] 19/12/2019 08:05

This company has not paid its ordinary shareholders a dividend for 15 years. It has retained 35 Million in 'profit' just over the last four years yet is worth - according to ADVFN- about 2 Million. This money has just been poured down the plughole. The preference holders have done remarkably well all this time. One gets the impression the 'ordinaries' are being taken for a ride. Surely it cannot continue like this?

[stockjunkie11] 09/12/2019 16:47

What did I told you ...RIP management

[stockjunkie11] 09/12/2019 16:43

What did I told you ...RIP

[stockjunkie11] 17/11/2019 22:45

Both low and high Renold management is a disaster since +/-10 years.
Micro local branch management has also pushed all good employees out.
These experienced technical sales people are working now for the competiton:
Sedis, Köbo, Tsubaki, Donghua chain and some others.

The big bang will come soon, RIP Renold management.

[rburtn] 16/11/2019 13:13

It seems to me that Renold is now entering the end-game for a management style which is all about cutting costs and competing to be the cheapest. Moving manufacturing to China - if there is a substantial Chinese market, fine - but it won't do any good when it comes to competing with a local enterprise aiming to add value and differentiate product. There are many precedents for failure in this strategy. If I was a competitor manufacturing in Regensburg, I doubt that the move to Chinese manufacturing would make my task selling to VW and BMW any more difficult. It may be that Renold is in a commodity market but I suspect it should be a bit more sophisticated than that and pricing as a premium product with an element of profit would win any time. Clearly Renold have been operating for fifteen years and more with absolutely no profit so they should be put down or merged to take advantage of a more enterprising board of directors.

[stockjunkie11] 16/11/2019 10:05

I told you all before:

MISMANAGEMENT kills Renold...see my earlier post

(and I mean mismanagement at ALL levels!)

[onjohn] 14/11/2019 17:23

Naked Trader buys into RNO

lol

[onjohn] 14/11/2019 17:23

This one wears a lead and barks

[rburtn] 14/11/2019 17:22

Correction above, 4 years dividend!

[rburtn] 14/11/2019 15:27

Just looking at the dividend record - 4.5p / share back in 2004/5. Fifteen years of re-invested profit(!) and the company valued at 4 years profit in 2005. Just where has all the destroyed value gone? Someone has made a living out of it but certainly not the owners.

[gargoyle2] 14/11/2019 14:18

I notice no reference to the fantastic 'STEP 2020 strategic plan' in the interims, although there's still a dedicated page on the website ( Watch for that to be taken down too -- or maybe a change to STEP 2030 and hope nobody notices.

New CEO needed here maybe. I can't understand how this one deserved a 20% pay increase last year.

[meijiman] 14/11/2019 11:50

Yes it's a pitiful state of affairs at these once proud company. Looks like a basket case.

[gargoyle2] 14/11/2019 11:03

What a shambles here. How many more times are we going to hear that things will be fine 'when the market recovers'?