I have an indirect holding through RIII, where Renold is one of their larger holdings.
It was a very strong performer for the fund for two consecutive years, but this year looks likely to be different - barring a bid.
A brutal environment for UK listed small cap companies atm.
Some of the de-ratings are savage. |
randrhardy, as someone who has not posted anything of any substance about anything, in fact this is your one and only ever post, I suggest you change your tune |
Always good / interesting to hear what other holders / ex holders thoughts are regarding the somewhat lacklustre share price performance and their decisions from previous..I top sliced and bought back in mid 40's so my holding has increased as has my average price.From looking at previous RNS and Stocko reports, I'm of the opinion that unless a black swan event pops along, it will eventually get back to previous levels as it appears all the things that need to be in place, are in place.So much turmoil in the stock market. Sometimes doing nothing is the best decision.Not intended as advice. |
If you’ve nothing substantive to say about RNO then please don’t clutter up the board and waste everyone’s time. |
I also left at the top but, as yet, have not reinvested. We are now virtually at a share price level that we had before the tremendous surge following last years results. I am going to buy back the same number of shares i sold which will cost me under 2/3 of the money I realised on sale. |
Having patted myself on the back for selling out at the top I now find myself with mounting paper losses after scaling back in from the low fifties and downwards.
I can only assume Mr Market is fearing a profit warning but how soon will Renold update us one way or the other with y/e weeks away? |
What about the non execs?.
The question I asked earlier has been answered already. |
Why buy shares when they are being given so many for meeting easy performance targets? |
Seeing as the Financial Year End is 31 March, I'm guessing its a closed period for Director Buys.
So much as we would like to see some BOD buys at the current ludicrous share price, there's not much they can do to reassure market. |
Heading back in to the 30's..?.
Given the arguably generous BOD renumeration you might
expect to see some director buying..but silence is golden, eh. |
So many miserable AIM performances atm |
I would guess their manufacturing in the US requires some imports of raw materials, specific parts..?. |
Such a miserable share price performance. As mentioned, they have bought MACS chain in the US, must be such a positive for Renold in the current tariff climate. Or is there some bad news lurking, simulate to what we have seen in TTG and SFR ? |
At least one previous acquisition allowed RNO to gain access into better production / manufacturing methods.The market is quite fragmented for these products so any acquisitions won't break the bank. If Trumps tariffs are real and ongoing I can see a rebuilding of the American plant to be bigger than previous to manage that issue. |
Another acquisition?, the market likely prefers paying down debt.
Trump's tariff threats may be the main reason for the drift. |
A quiet BB can be a good thing! Trading on a PE of about 6 by my reckoning, so low. Could easily do 8 to 10. Only issues being Pension liabilities and disproportionate (in my opinion) Director incentives.Broker notes historically stated target price in 70's.The recent months it has drifted but nothing seems to have changed. Many shares in institutional hands so it won't take that much buying pressure for this to go up quite quickly.I see this as a slow burn share which has potential to gather pace quickly. Next update due June. I'm expecting another acquisition this year. |
This was a popular company until the middle of last year and only one poster this year.....Is it due a bounce and back in favour? |
I am not sure if the huge sell atvtje start of the day was a larhe seller clearing out and thus making way for the buyer to take control. Perhaps a holding RNS inbtje morning |
This was quite a nice rise given the flat line chart recently. I am.windering if positive news RNS or if this has been tipped anywhere? Regardless of the why, I do still see this as a buy all the way to 60p and possibly beyond. |
I would certainly welcome any evidence that the excessive ‘incentives217; benefit shareholders. A question foe the Chairman. (I hold) |
Stocko report a normalised eps at 7.61..So that puts us on a pe of less than 6.5I'm unsure of what the next set of drivers are for this companies share price other than some decent contract wins and I am expecting another acquisition, perhaps 2,in the next 12 months.I don't think a pe of 10 or more is a stretch..We had a run up to 65 pence or so a little while ago as RNO was touted around some share discussion boards and Vox etc. Perhaps another round of awareness as to the potential here is due?This is where you hope directors incentives are helpful in restoring awareness and market value to this share,What are other peoples views? |
What does not tend to get discussed in tarrifs benefiting US manufacturing, is where the additional skilled and semi-skilled workers are to fill these jobs.
Just look at what Boeing has needed to agree to in their recent US strike settlement.
This before proposed mass deportations takes place from 2025.
Thanks for the confirmation re manufacturing, 3 US sites from what I can see. |
 I posted this following a similar debate earlier in the year in post 1884 0n 18 July 24
"Following the debate on the dilutive share options and the effect on the eps, I can see from note 5. to the results that it shows the basic eps as 8.3p and the adjusted eps as 7.8p and this drops further to 6.9p after taking account of 27,488,748 of dilutive share options.
I am not against nil paid options so long as they are tied to demanding performance criteria.
From item 7 of the directors’ remuneration report for 2023 the CEO was awarded 100% of his bonus entitlement and 100% of his share options vested giving total remuneration of £1,244k which was very high (and higher than I would want) and equally for 2022 the bonus and options fully vested giving remuneration of £1,119k. For the five previous years no options vested, and no bonuses were awarded apart from 2019 when a 20% bonus was awarded and the remuneration during the 5 years ranged from £345k to £434k.
Based on the results and share price performance I expect when the detailed accounts are published that again a 100% bonus and 100% of share options will vest.
From the 2023 accounts the CEO had 8,941,529 share options (with 7,106,667 yet to vest) and the FD had 2,292,667 (none yet vested) leaving another 11,769,011 or just over 50% of the 23,003,207 which presumably are held by staff.
Based on the results I would expect 2,066,667 to vest for the CEO and 666,667 for the FD this year.
I would prefer the options for the CEO and FD to be lower but despite that I still feel the shares are undervalued and I am more than happy to continue to hold and am not tempted to sell. |
If anyone has bothered to look into the director remuneration and share option scheme you would never buy another share. Run for their benefit and not yours. Scandalous. |
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