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Share Name Share Symbol Market Type Share ISIN Share Description
Renold Plc LSE:RNO London Ordinary Share GB0007325078 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.25 0.91% 27.60 27.60 28.00 27.70 27.30 27.30 137,850 15:59:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 165.3 5.9 1.7 16.2 62

Renold Share Discussion Threads

Showing 3351 to 3375 of 3450 messages
Chat Pages: 138  137  136  135  134  133  132  131  130  129  128  127  Older
DateSubjectAuthorDiscuss
24/11/2020
08:07
From RNS - M&G down to 10.8%, from 14%
bbarry8
23/11/2020
17:02
Yes, looks like M&G are going all the way down to zero, but hopefully they are professional enough to know that they have to sell into strength, rather than just cratering the price. I understand that their sale is as a result of a recent change of fund manager ( how often do we hear this with small caps ) , seems that the new man does not like Renold, or perhaps he has not even bothered to aquaint himself with the story, whatever, for me Robert Purcell's recent purchases speak louder than the actions of any City fund manager ! But what a shame that the City cannot value this properly, it is leaving us wide open to a low ball offer, which whilst it might be a welcome boost in the short term would certainly not be doing us any favours if we can think in terms of the world ecónomy past Covid.
mesquida
23/11/2020
16:32
Mes,Right about M&G reducing further .Good news their holding has found a buyer . Will hear about that holding RNS at some point Plus the price is much higher , very positive
jailbird
23/11/2020
12:29
Ticking higher....
bbarry8
20/11/2020
13:39
Mesquida, I agree..good time to drip buy while stock is available at around this price
jailbird
20/11/2020
13:23
Yes,i am watching the price, but i am more convinced than ever that M&G are continuing to feed the market. Expect another RNS from them early next week because for sure they will have passed through another percentage level if, as i suspect, they have let another 2 million go yesterday/today. Of course the stock is cheap, no question about that, but if M&G want out it is difficult to see the price making meaningful progress short term, but once they are out then we should see a fairly swift re-rating.
mesquida
20/11/2020
10:36
Mesquida, You watching the price?
jailbird
19/11/2020
21:57
Looks at trades , I see one sell all day ... buyer is mopping up the sold stock Just keep an eye on the price ... looks like buyer and seller are matched trades
jailbird
19/11/2020
20:22
But how do you know that they are not going all the way down to Nil. Personally i would not be at all surprised if it transpires that they have sold more stock today.
mesquida
19/11/2020
17:43
They have sold less than 1%Still hold just 14% of share capital It is just a slicing of their holding !Not worried at all
jailbird
19/11/2020
17:14
IMO RNO RIP pep talk never helped to increase the value :) I'm out, help yourself
stockjunkie11
19/11/2020
17:10
But M&G are clearly not impressed, let us hope that their recent sales are only a top slicing exercise , and they do not plan to sell the residual holding down completely.
mesquida
19/11/2020
16:30
I have added twice today Decent volume today and decent chunky buys too Anticipation of a recovery has started
jailbird
11/11/2020
08:51
Resilient earnings showing benefit of multi year restructuring, good cashflow performance, improving order book. Once order book recovers fully expect this will trade at multiple the current levels. Easy 2 or 3 bagger imo
bbarry8
11/11/2020
07:51
But that's not a very well substantiated comment, when EPS post retirement costs was 2.9p last year. In all likelihood, without covid, we would be looking at a high quality business trading at sub 3x earnings this year. Little wonder therefore that historically, RNO has traded at many multiples of the price we see today - and will in time return there again.
wigwammer
11/11/2020
07:32
Debt reduced but still (imo) a company working for pensioners rather than shareholders - No dividend again " The Group has a number of defined benefit pension schemes (accounted for in accordance with IAS 19R 'Employee benefits'). During the period agreement was reached with the UK pension trustee to defer contributions (£2.8m) to the UK pension scheme. This delays agreed contributions, now payable between April 2022 and April 2027, but maintains the consistent cash requirements of the Group's schemes. Cash pension costs are sustainable, having remained consistent at approximately £5m for several years, and are expected to remain broadly stable over the longer term. The Group's retirement benefit obligations increased from £97.6m (£80.2m net of deferred tax) at 31 March 2020 to £115.6m (£94.7m net of deferred tax) at 30 September 2020. Continuing declines in corporate bond yields, which determine discount rates, have increased the deficits in the key UK and German schemes. In the UK, discount rates falling to 1.55% (31 March 2020: 2.4%) and the CPI inflation assumption increasing to 2.2% (31 March 2020: 2.0%) has the effect of increasing the present value of future liabilities by £29.2m. Strong asset returns helped to mitigate the impact of change in the financial assumptions, with the net UK deficit increasing by £16.0m to £84.0m. Pension liabilities in non-UK schemes increased by £2.0m to £31.6m. "
pugugly
29/10/2020
17:42
Heathy volume today
w1lbur01
29/10/2020
16:48
Interesting mid-day reversal here, and a welcome uplift in volume after some very quiet days. Are investors perhaps finally waking up to what could be a very profitable recovery story.
mesquida
16/10/2020
08:08
I agree. Whether it's the debt or pension, doesn't really matter - they are reducing their deficits, leaving the company increasingly in the hands of shareholders. A £10m+ reduction in debt is highly meaningful for a £26m valued company. Normalised turnover around £200m, with opportunities to grow, and targeted 10%+ op margin. I think it will be a very nice one to tuck away.. ATB :)
wigwammer
16/10/2020
07:53
Low key update Net debt decreasing .Pension contributions have been deferred until March 2021I guess the idea is reduce debt , hope for further recovery and then have the money to begin repaying the pension again . Once the debt has been paid off they maybe in a position to start reducing the deficit One to tuck away
jailbird
09/10/2020
21:57
A few quick comments.. Yes the pension deficit is considerable but the shareprice is now so low that the risk/reward ratio is favourable IMO (the PER is just 4 based on y/e March2020) Given that the CAPEX intensive 3yr restructuring is now complete, directors have been big buyers, it has been cash generative AND profitable in first three months to July 1st and management is confident it is managing Covid effects.....I think the upside is very probable. I was surprised at the end of last week that, for the first time in my experience with any share, the bid price for 'quantity' was significantly HIGHER tha the bid for smaller lots.....these were definite offers not indicative. Interesting. Quality stock with wide range of product applications.
luzley
09/10/2020
07:25
Luzley - thanks for the posts. could you help with a couple of questions please: 1 - my notes say pension deficit payments are 6m, but then they also say 3m. not sure why i have 2 figures - do you know which is correct? 2 - have they stated their position re Gvt CASH? i.e. how many staff were furloughed? do they have significant deferred tax or VAT 3 - i am assuming you are a sizeable investor, so as a chartist, I am a little surprised that your recent buying and even that of the CEO has not caused a larger price rise in recent weeks. the small cap market is quite bullish at the mo and in my experience trying to get stock in these recoveries is difficult withour forcing the price up. to me, so far, it looks like there are still a fair number of people will to sell RNO at these prices. i think you are right about the long term potential with RNO but i'm hesitant to start investing until have more certainty that the sellers are cleared. many thanks if you can helpmwith above All IMHO, DYOR + BoL disc: RNO - no position
thirty fifty twenty
08/10/2020
08:47
Certainly not hit the radar as you say mesquida. I'm quietly optimistic that the sheer diversity of applications for 'quality' products will be the deciding factor. Many organisations are now assessing quality as opposed to cost when poor product downtime is taken into consideration. Renold has the experience and quality alongside long term resilience. Excellent outlook IMO.
luzley
08/10/2020
08:06
Good post, Luzley , this one seems to have slipped off the radar , so the forthcoming trading update could well surprise many people .
mesquida
07/10/2020
20:54
This has all the classic signs of a turnaround now that 3 yr restructuring and streamlining is complete. All capital costs have now fed through so bottom line should recover quickly. The diversification of Renolds customer base and broad fields of application should start to prevail and broker target of 30p seems realistically achievable. The consistent purchases by management and directors is encouraging and a 'follow the money' style of investing usually rewards the patient. Happy to hold here having invested from the reversal and topped up on weaker days.....accumulating nicely below 12p purchase level and looking for 100%+ return over next 12-15 months. I expect a trading update confirming continued cash generation within the next 7 days. Turnaround becoming evident, new applications and moving forward nicely from Coronavirus lows.
luzley
Chat Pages: 138  137  136  135  134  133  132  131  130  129  128  127  Older
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