Renold Share Discussion Threads

[donk4] 23/4/2010 15:36

NYB - see my post 351 of 362. Now I know the answer to the vendor but still not the purchaser.

[ny boy] 23/4/2010 14:59

Marlborough Fund has reduced by 1M, so someone has bought 1M shares then, I wonder who?

[stevedeer] 23/4/2010 14:54

they've reduced by about a million shares!

[flatoutfred] 23/4/2010 14:45

Crikey - when did they acquire these ??

[tullynessle] 23/4/2010 08:15

Good quality milestones achieved by Renold - along with apparent confidence for future production and sales..








Renold plans expansion for Chinese plant


Manchester, United Kingdom
Wednesday, 21 Apr 2010
Renold Hangzhou's leaf chain assembly line.

Despite demand for leaf chains falling sharply since the global financial crisis, Renold plc has plans to double the capacity of its Chinese factory in the next two years.

In an exclusive interview with Forkliftaction.com News, Renold senior vice president Berdon Robertson says that its new Chinese plant, which is a part of its expansion plans, has "fully embraced the same quality and process control procedures" as its European sites.


Article continues

[tullynessle] 23/4/2010 08:14

Renold plans expansion for Chinese plant
Good quality milestones achieved by Renold - along with apparent confidence for future production and sales..


Manchester, United Kingdom
Wednesday, 21 Apr 2010
Renold Hangzhou's leaf chain assembly line.

Despite demand for leaf chains falling sharply since the global financial crisis, Renold plc has plans to double the capacity of its Chinese factory in the next two years.

In an exclusive interview with Forkliftaction.com News, Renold senior vice president Berdon Robertson says that its new Chinese plant, which is a part of its expansion plans, has "fully embraced the same quality and process control procedures" as its European sites.


Article continues

[knowing] 22/4/2010 23:49

Futures up tonight so could see a rebound tomorrow. PCF is looking really interesting now they have narrowed the spread.

[donk4] 22/4/2010 21:03

Albie - I advised my IFA to put some of the cash in my sipp into Renold stock!!

[albie two shoes] 22/4/2010 17:51

Lomcovaks - I had an accountant like that. I gave him the advice on my business that he then charged me for.

[lomcovaks] 22/4/2010 17:13

Thanks NYBoy,

I'm rather overweight in UK commercial property via an investment bond I purchased a year ago. Whilst they were purchased at the 'bottom' they haven't given spectacular returns by any means.

I have bought into the European recovery via IERE though for my own portfolio.

In March last year I split my funds 60/40 with an IFA and a year later the bond is up 35% and my selection of stocks is up 110%!! At the six month review meeting, when I was up 75%, our chat comprised mostly my giving him tips on why I'd selected the shares that I had!

I'm hoping that the recovery is only just beginning and that we've got several years of above average returns to come.

[ny boy] 22/4/2010 15:52

lomcovaks> Have no regrets, only if you didn't buy any! Drip feeding in here on the recovery. If you are looking for a vehicle to ride the UK property market, take a peek at Grainger Trust (GRI) around 140p to buy, they own a huge portfolio (£850M +) of tenanted properties across the UK. They have been in business for decades & know their stuff in this sector.

[lomcovaks] 22/4/2010 14:52

Yes, I'm begining to regret my rather timid purchase of only 12.5k shares last week. I will certainly be adding on any retrace.

[donk4] 22/4/2010 11:47

The million sell was an interesting trade. Been picked up by someone/some company. It has not affected the share price much.

[ny boy] 22/4/2010 11:37

Buy all dips, this one is set to outperform, see we have a 100k buy at 29.75!

Stock selection all important going fwd in the markets, this one I'm sure will be well suported!

[mesquida] 22/4/2010 09:25

Well, Nick, that is generally what markets do! Look forward to the following year, that is! Good Luck anyway, but personally I think that there is still a lot more to come here, together with the outside chance of a bid given that HANOVER might be looking for a way out.

[nick rubens] 22/4/2010 09:17

Decided to sell for now. Bit of a guess ( and wrong many times :( ) and would buy back in lower if I get the chance. Mkt cap versus expected profits for 2011 seems very high to me.Maybe the market is looking further ahead to 2012 and beyond.

Good luck though is you're holding.

[london calling] 21/4/2010 22:44

An unequivocal breakout. We seem to have clearly left 25p behind. I bet that those who did not take up their rights at 20p will be kicking themselves.

[saltaire111] 21/4/2010 22:21

I'll check out MFX, thanks.

Salty

[knowing] 21/4/2010 17:48

saltaire thanks. Yes this looks like it is heading for a breakout. Good price action. I noticed MFX has just bounced off the bottom so may well be worth buying at that level.

[tom111] 21/4/2010 17:01

However if the share price reaches 65 70p after the rights we cant complain

[randolph and mortimer] 21/4/2010 16:44

RNO is not as good as Senior. Nor did snr kill their price with a rights.

[saltaire111] 21/4/2010 16:34

Good to see Knowing on board here. I've followed your buys for a while via ADVFN and you're a shrewd guy (or gal).

I first bought into RNO about nine months ago and went through the rights and increased my holding steadily throughout. I also bought SNR and FNR at about the same time and I've done really nicely from those two. I think RNO is lagging somewhat but it does appear that the market is recognising the value here - about time.

Salty

[ny boy] 21/4/2010 16:26

In these market conditions these kinds of stocks can easily double in months, its been under-valued for far too long, looks like investors have twigged here!

[yaesu] 21/4/2010 16:15

Cooo NICE!!

[ny boy] 21/4/2010 16:08

looking good, buying vols increasing daily, sooner or later we will get a big spike north.