Renold Share Discussion Threads

[roddiemac2] 12/8/2012 21:06

Simon T , you have completely missed the point that Robert Davies made in the finals . You seem incapable of basic comprehension.

[simon templar qc] 12/8/2012 15:52

Yet another important point you have missed and that is despite quantitive easing a low interest rate envirement and low gilt yields tend to increase liabilities and as people live longer that has also an impact on liabilities.

All these things should be considered by investors unfortunately most do not do their home work even DS got caught out.

The warning signs were there however it was all flagged up. It may be they will just about cope with things however the risks are increasing all the time.

With the world economy slowing as well it would appear DS wasn't prepared to take that rish hence him selling at a loss!

I happen to think that was a wise deccission by DS; the market is full of undervalued companies with better prospects than Renold and with better fundamentals.

[roddiemac2] 12/8/2012 12:55

The idea that the share price can be influenced by ramping on this BB is ludicrous. At the time of the finals approximately 70% of the shares were held by 10 institutions with notifiable holdings.

Questions about the pension deficit persist. In the finals, Robert Davies said -----"The key message is our liabilities are well understood and are being actively managed alongside the asset portfolio to reduce the deficit and ultimately the annual cash costs of the schemes " ---- He made the point that " movement in bond yields is in no small part due to the impact of quantitative easing , which is estimated to have reduced yields by 100 basic points." -----It remains to be seen whether the action they have taken on pension deficit reduction opportunities will result in a significant fall in their underlying UK pension scheme deficits
" after the effects of quantitative easing on corporate bond and gilt yields have diminished "

[v16ter] 12/8/2012 12:25

Sell sell sell, comes to mind? i sold mine a few weeks ago....

[roddiemac2] 12/8/2012 12:08

Simon T,----
"As I said earlier the rampers seem to know better, heads in the sand comes to mind the blind lead the blind " ----constant repetition of an " argument" serves only to diminish it . It is enough to say things once, unless your aim is to bore people.

[simon templar qc] 12/8/2012 10:08

David Schwartz from the FT "But I ignored two important negatives. Renold's net debt was almost £23m and its pension."

You have to laugh even the FT guru ignored the two "important" negatives!

[simon templar qc] 11/8/2012 21:42

mctmct,

"David Schwartz writes in the FT that he has sold his shares at a loss."

The sensible guys can see through the ramping!

This is what DS said in the FT...

"
Turning to my own trading activities, I recently sold my shares in Renold, the industrial chain and power transmission producer, at a loss. The trigger was a disappointing interim management statement.
Signs of potential price weakness were apparent for several months but I failed to heed the warnings. These were costly errors."



As I said earlier the rampers seem to know better, heads in the sand comes to mind the blind lead the blind!

The large borrowings here and the very large pension deficit should have been a warning sign even before the price weakness.

The 5 year chart was also an indicator but some on here haven't a clue!!!!

[mctmct] 11/8/2012 17:04

David Schwartz writes in the FT that he has sold his shares at a loss.

[rburtn] 10/8/2012 08:10

Pension deficits fluctuate according to accounting rules and markets; we are in times when they are amplified. Having said that, a company which has not paid a dividend to its owners - and has not benefited in any noticeable way from re-investment of that dividend - is practically the walking dead. I regret to say I have accumulated quite a few 'worker co-operatives' through a misplaced confidence in the recovery of British Engineering. AEA technology, Sixhundred Group etc have all become zombie companies, worthless to anyone other than their employees.The danger is asset disposal without due process to connected parties.

There is little time left for Renold to earn its keep and not become a chip to be traded according to the latest media rumour. The drop was overdone but how on earth to break up the cosy arrangement which has permitted this situation to go unchecked for getting on for a decade?

[simon templar qc] 10/8/2012 07:37

Renold pension deficit as bad as Dawson...

[simon templar qc] 09/8/2012 08:07

I suppose a number of brokers downgrading has no relevance as well...LOL

The chart tells you everything it tells you things have beeb deteriorating for 5 years and the debt burden together with the pension deficit wont help going forward.

Yes and gues what there are similarities to Dawson and they were suspended yesterday as they could not come to agreeement with their pension trustees!

Perhaps you can tell us what they propose to do with Renold pension deficit the so called wise one?

[roddiemac2] 08/8/2012 21:46

The chart is just a line on a piece of paper. It merely tells us what we already know ; how the share price has moved over the last 5 years. Anyone buying shares just after the placing has had ample opportunity to take profit at around double their money.A wise investor knows that recovery plays sometimes don`t recover , or take a lot longer than anticipated to do so, and reacts accordingly.

[simon templar qc] 08/8/2012 19:44

Chart says it all its horrendous.



Heads in sand just like an Ostrich!

[roddiemac2] 08/8/2012 19:16

gleach23----It does say it all, and we are supposed to listen to this guy`s apparently altruistic pearls of wisdom .

[gleach23] 08/8/2012 18:26

You totally missed my point Simon Templar - I think that says it all actually.

[simon templar qc] 08/8/2012 18:16

You say there is no comparison witb Dawson is also laughable. Dawson had a huge pension deficit and large debts and so has Renold!

Heads in sand comes to mind and so does ramping come to mind.

Why not do as the poster above said go on other threads and complain to all no one should post unless they hold shares on the threads they post and see where that gets you!

Absolutely laughable we live in a democracy in the UK free speech and all that!

Get a life and stop trying to control others lifes!

[roddiemac2] 08/8/2012 18:07

Simon T,--"-In the meantime don't you think other potential investors need to be warned of the pitfalls "-- Pull the other one , it has got bells on. I am sure potential investors will manage without your altruism

[jordon] 08/8/2012 18:03

The IMS on the 2nd August was not a work of art. It was full of waffle, contradictions, clouded issues, obscure and contained convoluted language. "some positive momentum in profits" does this mean anything like `increased profits` I hope that the statement is not typical of the managements ability.

[roddiemac2] 08/8/2012 17:43

There is little or no comparison between Renold and Dawson, full stop.

[gleach23] 08/8/2012 17:30

roddiemac2 - your post made me chuckle. I may just copy and paste it onto some other boards. There seem to be so many posters doing exactly as you say.

[simon templar qc] 08/8/2012 15:25

Where is the repetition I have not posted the links before and the latest news on the subject has just come out?

In the meantime don't you think other potential investors need to be warned of the pitfalls or are you vent on ramping here regardless of the pitfalls.

Where I post or what I hold is totaly irrelevant to you other posters look forward to my posts whether or not they are buyers sellers or holders.

Bulletin boards serve a useful purpose and it does no good to anyone hiding the truth. You will gain no brownie points ignoring any negatives. I suggest you look at what they are saying on the Dawson thread many there are regreting holding on.

[roddiemac2] 08/8/2012 14:55

Simon T , you are indulging in unnecessary repetition. Since you don`t hold the shares , what is the purpose of your posts, other than trumpeting what you see as your wisdom for not investing.Take a hike.

[simon templar qc] 08/8/2012 13:06

Dawson shares suspended today they had a black hole in their pension fund. I would not get carried away with false hope pensioners give ground on that front!



A few months ago pension funds refused to back down..



The reality of the situation is pensioners come first shareholders come last hence the suspension...

[roddiemac2] 03/8/2012 20:39

adon,--you have summed the situation up with admirable clarity. If the problem of pension deficits in general gets much worse, pensioners will have to give ground. It is a problem easily solved.