Renold Share Discussion Threads

[scooper72] 19/3/2021 15:08

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

[sphere25] 04/3/2021 17:50

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

[thirty fifty twenty] 25/2/2021 16:51

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

[wigwammer] 24/2/2021 13:53

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.

[sphere25] 24/2/2021 13:14

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

[mesquida] 23/2/2021 09:49

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.

[mesquida] 23/2/2021 09:43

Well written post, Sphere, totally agree with everything you say, thanks for your input.

[sphere25] 23/2/2021 08:34

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

[mesquida] 22/2/2021 19:04

Has the seller finally finished ?

[sphere25] 22/2/2021 15:43

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

[sphere25] 22/2/2021 13:26

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

[serratia] 20/2/2021 11:18

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.

[thelongandtheshortandthetall] 20/2/2021 10:59

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

[jailbird] 20/2/2021 09:13

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

[thelongandtheshortandthetall] 19/2/2021 23:27

Can anyone help.
How are they decreasing debt so quickly?
Are they selling non productive assets?
Debt reduction is far greater than operating profit..

[thelongandtheshortandthetall] 19/2/2021 13:50

Thought Paul Scot made a good case here.
Bought a couple - to garner my interest in further research.

I've been waiting for a fenner style company to come my way. This could be it.

[tomps2] 19/2/2021 09:49

Renold (RNO) on the Stockopedia / Piworld February 2021 StockSlam. Paul Scott’s thoughts from 29:13.

Video -

Podcast -

[mesquida] 18/2/2021 13:14

It is fairly obvious that somebody is feeding this , plenty of buys but the stock is not making any headway since the initial mark-up, one might imagine that Tellworth Invs. are cotinuing to reduce.

[scooper72] 18/2/2021 08:55

Which is probably why a few of us have jumped in today. He presented the story well. For some reason I could only buy 6013 shares on HL.

[jailbird] 18/2/2021 08:35

Been watching the trades over last couple of days ... buy volume has been increasing , so it eventually gave today

[tole] 18/2/2021 08:23

Renold was put forward by Paul Scott on last night stockslam. Seen as a good recovery holding with plenty of potential.

[jailbird] 18/2/2021 08:15

Finally woke up Looks like recent overhang has now been taken up

[mesquida] 09/2/2021 17:24

So it looks like Tellworth have sold approx. 30% of their stake to the Church of England ( don't laugh, the Church of England Central Board of Finance has an impressive equity portfolio ), but what about the other ( approx ) 20 million shares that changed hands last Thursday. All very curious, but subsequent share price reaction ( or i should say lack of reaction ) suggests that there is nothing to get excited about.