Renold Share Discussion Threads

[yaesu] 02/3/2011 12:13

Probably just the usual market craziness.

[skunkjam2006] 02/3/2011 11:55

Is anybody still here?
any ideas as to why the trend has turned south?
Thanks

[go with the flow] 18/2/2011 15:16

Tom
Go on get in there my son. ;o)
Flow

[tom111] 17/2/2011 12:35

If the price gets to the lower 30's might be worth a punt

[petersinthemarket] 15/2/2011 19:51

seems to be ticking slightly upwards again.
been in a downtrend for over two months now.
needs to exceed 40p to beat the down trend.
if it turns down again before 40p i'll duck out for a while.
pim

[petersinthemarket] 14/2/2011 17:08

very solid downtrend developing.
bit worrying really.
still hopeful for the future but dont like the current trend one bit
pim

[envirovision] 11/2/2011 16:22

Just grabbed 10K worth.
Nothings going on, just lack of buyers, engineers have suffered a lot of profit taking this year thanks to high input costs.

[skunkjam2006] 11/2/2011 15:52

What's going on?
Any ideas?? :(

[petersinthemarket] 04/2/2011 19:21

Does anyone have a date for next news update - I can't find anything.

Secondly, calling all chartists - chart not very clear yet,
but do i see a legitimate pennant forming,
or just a rather confused downtrend.

I'm a momentum man at heart but unfortunately no technical training.

sp sitting on the 50sma rather than nicely ahead of it,
but share price doesnt appear to be retreating even if not actually advancing.

Only bought in recently so I'm still under water at the moment but
I'm hopeful and sticking in for now.
pim

[bigbigdave] 04/2/2011 15:33

Funds went into FCCN 8-)))))

[skunkjam2006] 04/2/2011 15:31

not the best timing dave ;)
will hold until FY results...

[envirovision] 01/2/2011 19:57

Inline means will easily do or better 187Mill turnover meaning 205Mill should be a synch 2012 and 210 2013. 2013 eps is forecast as 6.3p, i think that eps for 2012 and 13 would be revised upwards after figures are published. Whilst at the current level, it remains a tasty takeover bargain for someone.

[bigbigdave] 01/2/2011 18:26

After some thought sold out today. 'In line' is good but think I can find a better home for my dosh elswhere.

[envirovision] 01/2/2011 10:48

Renold (RNO, 41p, £90.02m) The manufacturer of industrial chains and related power transmission products has updated on the period from the start of its second half from 1st October 2010. The improving trend noted at the time of its finals in November has continued – so trading is in-line. We maintain our 45p fair value – though note this will increase over the next six months thanks to the benefits of the global recovery. BUY (Julian Tolley)

[bigbigdave] 01/2/2011 07:15

Nice statement

Renold PLC

01 February 2011

Renold plc

("Renold" or "the Company")

Interim Management Statement

Renold, a leading international supplier of industrial chains and related power transmission products, is today issuing its interim management statement covering the period from 1 October 2010 to the current date.

On 23 November 2010 the Company announced its results for the half year ended 30 September 2010. At that time it was noted that market conditions had improved across all of our areas of operation with additional incremental gains in market share during the first half and that we expected the sales trends established in the first half to continue.

Since that date, trading has increased in line with the Board's expectations.

There have been no significant changes in the position of the Company over the period since the publication in November 2010 of its half year statement for the six month period ended 30 September 2010.

[petersinthemarket] 30/1/2011 12:40

IMS on 1feb2010 last year. Anyone got a proper date for this year.
pim

[bigbigdave] 29/1/2011 07:59

IMS next week I reckon based on last years date.

[wan] 27/1/2011 07:57

Worth a read -

Engineers reap big rewards for keeping calm
By Michael Kavanagh

Published: January 26 2011

[lomcovaks] 25/1/2011 15:50

Got to say I agree with the outlook of other posters.

I bought first tranche last April for around 24p and have been disappointed it hasn't moved in line with other mid-cap engineering outfits.

I just took profits on another holding to add a further 10186 shares here in anticipation of further good news flow in the IMS. I will add further if the price continues to dip.

[fatman4] 25/1/2011 09:19

quester tipped rno on 15th oct at 34p not sure about ft tipster

[envirovision] 25/1/2011 09:10

Took some myself this morning, what price did our FT resident ramper tip them at?

[wan] 25/1/2011 09:08

Interesting price action here. I too was alerted to this company by the recent DS articles. I have not spent a great deal of time researching the company, but it would appear that the improvements referred to in the Half Yearly Report will not have stopped there, which may be confirmed as early as next week in the IMS. So I am not sure the share price or the chart is correctly reflecting the underlying story, time will tell. Anyway I have bought a few on the recent pull back and I am currently monitoring with further intent.

[fatman4] 25/1/2011 08:56

bought in under 39p last time made 15% surely good results on way for another 15% but not concerned to hold longer term and bigger gain.world growth been revised up and renold and other engineering companys will prosper

[skunkjam2006] 25/1/2011 08:46

Still, this could be a golden opportunity to top up before update on results...
Anybody around has level 2 to see volumes?
Thanks