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don't know where you get july from year end is 31 march so expect trading update mid april and full results around end of may.
Looks the sell off is done and the buys signalling a reversal. Full year results are not due until July, though I can't see the market not waking up here again as we get nearer. The forecast earnings (if met and hopefully exceeded) should earn us and justify a higher SP IMO. Added this morning though the SP is some way off my original buys at around 33p.
EPS 3.4 rising to 3.8 next year and 4.1 year after. PEG currently 0.1. IMO looking very good for next 2 years.
The shares have pulled back from the recent run up in price to the Interim's and we can be quite certain the Full Yr is going to be good.
Just wondering if now is the time to buy back a few, though still holding a chunk.
EPS of around 3.4p expected. When there is no news prices tend to drift.
Sorry wrong thread. Nothing to do with Renold (RNO). Doesn't seem to be any facility to edit on this website?
This is what my broker 'J' says.
"Good afternoon
If you wish to accept the cash offer we can accommodate this, we would require your instruction to accept the cash offer prior to our deadline of 11th February 2022.
If you wish to accept the unlisted share offer, you will need to withdraw your holdings and apply directly with the company as we cannot offer this option."
Kind regards"
I understand this to mean that they will get the cash for us via the registrar? and no mention of everyone having to club together in a block?
Does anyone know what is meant by the 'unlisted share offer'? cheers NR
I think it's just the usual profit taking after a good run and strong buying from the company pension trustee. Once red sets in, it usually starts a trend but at some point it should turn blue again ahead of full year results or a trading update in between.
I sold a few on the results but still hold some and will hopefully but some back lower, if I'm lucky enough and don't get caught out. Still has a pension deficit, but at least profitability is going the right way.
Could be due to lack of divi in the recent announcement?
On the back of the financial results the price action here should be heading towards 40p,all I have seen if the stock fall in price since the financial results. Why would investors sell on such positive results and knowing this stock should be 50p+. So that leaves a couple of things, manipulation from MM'S or maybe insider selling, which I don't see.
Anyone have any idea on the price action, cause all I see is mm corruption
Now forecasting 42 up from 32. Bit more like it.
what a great set of results have been waiting 3 years for this company to come good although i never had any doubt that it would happen and will continue to rise over next couple of years.
daft thing is this stock is still very much under the radar but not for long i feel.
enjoy the ride anyone taking profits now are insane imho.
I see value here and atleast a 50% uplift in prices if not more
I see value here and atleasta 50% uplift in prices if not more
???? RENOLD #RNO
A leading international supplier of power transmission products, announces its interim results, reporting Significant revenue growth…Record orderbook, Strong cash generation ??
https://t.co/eK4Yt2Xsdq
Renold announces that the Board has declared the half yearly payment of the preference dividend in accordance with the terms of the 6 per cent. cumulative preference stock of £1.00 each, equal to 3 pence per unit.
The dividend will be paid on 4 January 2022 to preference stockholders on the register as at 3 December 2021. The ex-dividend date will be 2 December 2021.
likely to use both brokers in the event of a large transaction.
Technical chart looks poised to breakout.
i only see 38p as the next level will then be looking for a rerate to the 50p area but for that to happen it would need a good set of year end results.
not sure what the joint broker appointment is all about might be something announced in the results we will see.
Can only think of 2 reasons for appointing joint broker 1) imminent large transaction 2) provide access to brokers' sales and research teams who have close relationships with institutional investors.
Anyone any idea exactly why RNO have gone down this path ? 1, 2 or both ?
In addition, do remember new broker Hunt the C forecasting 32 but cannot remember what finncap was guessing.
Chart anticipates step up next Wednesday. Think 38 is too low a trajectory ...
30p is a resistance point where there is quite a lot of selling but once broken can see this going quickly up to 38p .
results due out next wednesday which if they are as good as expected will drive this straight through the 30p barrier if it has not already been broken.
jmho dyor.
https://m.facebook.com/story.php?story_fbid=386021326498136&id=100052708161898&sfnsn=scwspwa
markets general weakness is throwing up good buying opportunities so have added more today.
looking forward to next update.
Only 32 ? Based on revenue and profits, I arrived at 45 ... Guess they took into account debt and pensions.
peel hunt raises renold to 32p with "buy" recommendation .
prepare for takeoff captain.
"please fasten your seatbelts"
Very positive. Market expectations exceeded. Clearly shifting up a gear LOL