Renold Share Discussion Threads

[jailbird] 16/7/2020 10:47

Probably next month

[jailbird] 16/7/2020 10:44

Volume pick today Wonder one next update is ?

[stockjunkie11] 08/7/2020 17:23

Remember, the truth is not always in what you see.

[wigwammer] 08/7/2020 16:57

Management recently bought a material number of shares. I very much doubt they fake to survive.

[stockjunkie11] 08/7/2020 12:07

How come they even sell lower quality sub contractor products these days?
Glory is over, they fake to survive.

[babbler] 29/6/2020 07:56

Some more good news today...

[stockjunkie11] 24/6/2020 19:31

your money not worth.

[babbler] 23/6/2020 10:17

Still people sell... But guess they are in profit then great.

[babbler] 22/6/2020 12:02

No but gives us an excellent chance.

[wigwammer] 22/6/2020 11:12

So peel double their target and management buy material quantities of shares...and people still sell! You can lead a horse to water :)

[babbler] 22/6/2020 09:32

Peel upgraded target from 15 to 30

[wigwammer] 18/6/2020 14:58

A few sellers coming in... I don't think management could make it a lot more obvious that the shares are undervalued.

[wigwammer] 18/6/2020 10:53

CEO also buying material stock. I think they have a great underlying business here.

[nick rubens] 18/6/2020 10:43

I'll be holding for a few more years yet, though did pluck courage to buy a few at 7p also, kind of felt like I was throwing good money after bad though at the time.

It's a company name/brand I remember as an engineering apprentice back in 1980. A name I associate with Great British engineering.

[imjustdandy] 17/6/2020 19:08

Will be to 20p in no time. Pretty good update on the restructuring and cash position looks comfortable. £20k Director buy today too and probably more to follow

[rburtn] 17/6/2020 14:39

Do not lose faith Nick, I paid as much as 134 in 2007. Despite it being the embodiment of the falling knife, my average buying price is 6p. Don't ask me how it has been done - or how much it has cost in real terms - on paper I'm winning!

[nick rubens] 17/6/2020 14:13

Looks like a long haul back to the thirties where I bought in. It's possible but needs to be more profitable. Maybe someone can takeover and make it more profitable but seems I was too optimistic at 35p at what seems like many years ago now.

Moving to China should help restore it's profitability and grow, all being well. But what does that say about operating in the UK?

[lefrene] 16/6/2020 09:36

batham1, we've all done it. The one you sold goes up, and the one you bought goes down!

[batham1] 16/6/2020 09:28

Got bored and sold last week to buy something else...another one to add to the list of mistakes I have made!

[meijiman] 16/6/2020 08:43

Yes it does look somewhat cheap...by about 20p! Interesting to see what the analysts make of it and whether there are any new forecasts.

[wigwammer] 16/6/2020 07:23

RNO - decent company and decent results. Shares near all time low. "Cash generative and profitable in the first months of the new financial year"

[meijiman] 07/4/2020 11:41

Well it's a bit perkier today. Life in the old dog and all that..........

[rburtn] 03/4/2020 17:36

The demographics of this company's workforce would, as in the case of other similar companies, indicate a substantial surplus in pension fund assets if put up for auction. The last two days would indicate heavy turnover to establish tax losses.

Those apart, it suggests that a company valued at just last years retained profit - as reported in the accounts, two weeks t/o - is being subject to some kind of co-ordinated theft from shareholders. It should arouse the interest of the Old Bill rather than the FSA and LSE.