Renold Share Discussion Threads

[rivaldo] 24/10/2011 18:57

See the holdings RNS's on 28th and 29th September for the increases in institutional holdings.

[rivaldo] 24/10/2011 15:51

...which means that same director - actually Hanover Master Fund - remains interested in 12.7m shares, or almost 6%...

...whilst Rights & Issues Trust bought 4m of those shares, and Henderson Global bought another 2m, going to 15% and 3% respectively. Doubtless with other institutions taking up the rest of the shares.

Just to give readers the full picture.

[envirovision] 24/10/2011 13:02

Interesting Schwartz neglected to mention the directors happy to have offloaded some 12 million shares pretty much near the market bottoms though.

[rivaldo] 24/10/2011 10:09

Nice start - over 300k traded already.

[envirovision] 22/10/2011 21:42

I'm into Solar energy as well. EG. laying on a sunny beach and catching a few rays.

[hvs] 22/10/2011 16:44

And he is also into Solar energy.

lol !!!

[gswredland] 22/10/2011 13:09

Schwartz has been tipping RNO for the last 18 months on and off.

[goliard] 22/10/2011 10:06

Sorry, perhaps I am just being pedantic. I know what incremental means, but the wording isn't great. The FT article does help re the highly leveraged point. I would expect a bounce on Monday, but the markets are not being kind to the sector and it is a risky place to invest at the moment, but then again, where isn't?

[rivaldo] 22/10/2011 08:13

Nice coverage in David Schwartz's FT column today should bring in interest on Monday (goliard, "incremental" means additional revenues to the prior year, it's simple).

I look forward to the "substantial share price increase" :o))



"Turning to my own trading efforts, I continue to be a fan of Renold, the industrial chain and transmission provider. The City has avoided capital goods suppliers in recent months because of threats to the global economy. But Renold has taken no notice.

The company turned in a smashing update last Tuesday. Revenues continue to rise at a double-digit rate. The size of the forward order book is growing as well. Another good omen comes from the US, Renold's biggest market. The latest US industrial production report that was released last week shows continued expansion.

Renold profits are leveraged. Small revenue increases trigger healthy profit bounces. Pre-tax profits of around £9m are expected for the current financial year. The City expects that figure to double in the year ahead. The stage is set for a substantial share price increase."

[vraic] 21/10/2011 18:00

Daily Mail today says Renold added to Goldman Sachs Coviction Buy List
trading statement due Nov 18th

[goliard] 21/10/2011 14:51

Quoting it doesn't explain it.

What is the difference between revenue and incremental revenue?

[rivaldo] 21/10/2011 13:46

The excellent update seemed clear to me:

"Incremental revenues continue to deliver strong conversion to operating profit consistent with achieving the market forecasts of doubling our adjusted operating profit in the current financial year."

"The double digit growth rates noted when the full year results were announced in May 2011 have continued throughout the first half of the current financial year with underlying* sales 13% higher than the comparable period last year."

And from today's Mail:

"Industrial engineer Renold was added to Goldman Sachs' Conviction Buy List following recent underperformance but the shares still dipped 0.5p to 27.5p.

The US broker says the capital markets day on November 4 should see the company expand on its strategy in the Fluid Systems division and management should confirm earnings guidance in its trading statement on November 18."

[goliard] 18/10/2011 12:48

Positive sales update, but half of the RNS is unintelligible!

[scotty tsquared] 08/10/2011 13:10

goliard,

Have you not checked your SCO 'bottom drawer' recently ?

[goliard] 08/10/2011 13:05

Comment in FT re chairman sales. Looks like he sold to buy into another company instead, so not very positive I'm afraid.

[envirovision] 07/10/2011 16:11

Maybe he just saw the dire situation in Europe and his customers panicking and so he shat himself and sold.

[limit up] 07/10/2011 11:23

looks to me he had a cash call fo something the placing of his shares was taken up without any problem by existing shareholders and looks like a new shareholder to the co..i presume they would not have bought the shares without seeing how the co is doing,i take that as positive,on the trading front of the co..looks as if the balance will be kept and that clears up any overhang of stock,has been written up in money week today..
regds

[goliard] 07/10/2011 07:55

It may be embarrassing for him, but it would help if that was made clear in this sort of RNS if it is true. After all, the company should come before personal pride.

[mog] 03/10/2011 23:30

Henderson and Rights and Issues bought about 6m between them in the last few days, presumably the other 6m went to institutions that didn't have to declare them as holdings still less than 3%. Selling 12m shares would have taken weeks of preparation and the buyers would have done their homework and pushed the price down. Doesn't mean it will recover anytime soon in present conditions of course.

[wskill] 03/10/2011 09:53

Not a good sign the Chairman dumping at any price trying to get out will wait for the results before averaging down.

[contrarian2investor] 23/9/2011 18:40

Sadly because of global liquidity issues my stop loss got triggered in RNO today. I'll be back once markets stabilise.