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
  0.00 0.0% 27.20 26.90 27.70 - 59,046 09:36:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 165.3 5.9 1.7 16.0 61

Renold Share Discussion Threads

Showing 3401 to 3423 of 3450 messages
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Set back this morning, investors don’t like delayed results, interesting to see what’s behind it?
ny boy
Not many enjoying this rise to the stars! Into the 30’s this month, strong buying interest
ny boy
Onwards & upwards we go, in a clear chart up trend channel
ny boy
I’m not a seller here, strong recovery, strong breakout, could easily double in value by year end imo Just HOLD
ny boy
Looks like the Church Commissioners are no different to the rest of us, happy to tke a quick 20% profit on part of their holding ! But does this mean that they will now keep feeding stock into any rise ?
Nice dip buying a while ago, fortune favours the brave, blighty recovery underway, end of lockdown restrictions imminent, let’s get the roaring 20’s off and running
ny boy
That FCF is really impressive. This time next year the business could be debt free. Way too cheap even with the pension deficit.
Small scale, but good to see them back on the front foot with M&A
Good set of results given with whats been happening in the world. Reduction in debt also encouraging
Well as I was up almost 50 percent since February decided to follow the discipline of running my winners and topped up a bit today. Not a lot as would be happy to see this drop back so can pick a few more up under 20p
No problem thirty fifty twenty (wonders which is your favourite number). It's all about our perceptions of risk and how that then fits into our risk tolerances. Everyone is different so when someone more cautious makes a comment, it can irk someone who is more bullish. That is not to say both cannot be right and both cannot make profit, it's just the way different opinions mix on public. Well done on both your trades. That's good to see, good to see folk booking profits along the way and hopefully many others are making profitable trades too. We can't get them all right, most are working in this market, but clearly still have to quickly cut the ones that don't work, particularly the ones that have breached more important support levels. All imo DYOR
great post sphere. generous of you to articulate. sounds like i am of similar mindset to you, with both RNO + CAR. without repeating too much of what you said, i agree both have the potential to multi-bag in their own right but both defo not without risks. both could thus also be take-over targets. however, also agree that the short term price is reflecting short term balance of buyers of sellers. and think your clarity on strategy is wise advice... do what works for you etc... i have banked in both CAR + RNO but best wishes to all holders in both
thirty fifty twenty
Sphere - you are aware there is a large pension deficit here, as well as a history of financial irregularities? I own both RNO (bought some as low as 4p) and CAR (where you have been dismissive because of the deficit). Seems rather inconsistent.
Ok thank you Mesquida. Alot of that research is for non-small fish folk. Can't say I ever get any of the notes beyond the free sites. Companies should make more effort to have the research on their investor relations website so that the playing field does even up. Nonetheless, we can still give the institutional fund manglers more than a good run for their money. Price has now moved about 36% from when highlighted on the 4th Feb when the offer was 14.4p. Bid currently 19.6p. No surprises as to who has been lobbing in bits. Have some stale ones or some that don't work but a fair few of these rapid movers makes it all work. It's all standard practice and seen as I have a Masters in selling too early, you're all very lucky! 20p can be a psychological mark though price is well bid atm and we can see continued mopping up of shares by scrolling to the bottom of level 2 on advfn with another 1m mopped up at 18.81p. Longer term folk to reap all the rewards on the margin recovery? Not much long term DNA makeup here. Will keep looking to nip in and out. Onwards! All imo DYOR
By the way, Sphere, i am told that Peel Hunt have a circular on Renold out today, have not seen it myself but apparently they are talking about the possibility of the company increasing market share by making acquisitions , and they have a share price target of 30p.
Well written post, Sphere, totally agree with everything you say, thanks for your input.
Mesquida, There have been two sellers in size as per recent RNS with one selling a more substantial amount. It's always hard to say if they want to sell out completely or might be trimming down to a certain size. Nonetheless, we can all see the strong demand for shares here which will have significantly eaten through their holdings. The line of shares being fed in dried up yesterday afternoon into the close with buyers having to pay well through the offer - often a sign that sellers are clearing or at least have sold enough at particular price points to allow a rally higher. There was nothing available to buy this morning initially but looks like there are some now just under the offer of 18.4p at 18.35p. It should be an interesting watch in the near term to see if those big buyers keep coming into clear out any sellers or whether smaller buying can now shift the price. If the market buys the recovery story, particularly the margin recovery being touted, then clearly there is significant upside potential here. All imo DYOR
Has the seller finally finished ?
Volume is picking up here folks. More mopping up: 1.25m mopped up at 15.63p 5.5m mopped up at 15.58p 750k mopped up at 15.83p Closing auction EDIT: Price has broken out closing up 10.6% at 17.2p though there was nothing available to buy into the close with buyers having to pay well through the offer for medicore amounts. They'll have to find some sellers tomorrow or this will have another big pop higher. All imo DYOR
It looks close to making another leg up here. We had the big exchanges a short while back and since then there has been further mopping up of sells including a 1m trade at 15.33p today and 5.3m at 15.304p on Friday. A break of above 16p would clearly be bullish. All imo DYOR
long, At the half year operating profit was £5.8m but you add back depreciation and amortisation as they're non cash accounting items. That's another £5.2m on the cash flow. That's £11m. There are other bits which you can see towards the end of the accounts in the cash flow statement. Net result was a £10.2m cash inflow.
Reading back over the annual reports there is consistent talk of restructuring etc. Could 2020 have been the year for a step change in the co.s fortunes only to be assailed by the flu from the east. Has that given me, a new comer a truly wonderful opportunity to buy at unreasoned prices. I think it has. From what I can tell the co. Is indeed on the cusp of a change in fortunes. The buying out of the Chinese and Indian part owners plus the investment in better machines and progress towards a lower numbered and more efficient workforce tells me they most likely are. Couple the above expenditure with also drastically paying down debt says dosh is coming in. I usually steer clear of these industrial type businesses for all their labour issues and low returns on capital employed but this little beauty at this little market cap could be nice little earner for a year or two. If they really do have a recognised name in their industry they should be able to exploit this branding to great effect. The CEO has had 8 years to turn the business into a little gem. Is he on the brink of achieving this or is it more jam tomorrow. At this price and to be as far along in the restructuring I reckon it's worth a punt. Thanks to Paul Scott for highlighting RNO
Paul Scott interview, but there are caveats to reach valuations we are hoping for. Co seems to doing the right things. I expect a slow recovery over the 12-24 months
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