Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Sounds like a screaming buy to me fellas. Not much good news about at the moment so if the results are favourable there could be a serious pile on, like the ones you used to get in the school playground with the poor fat kid on the bottom. Can't wait for next weeks results.
You're quite correct Steve that in this racquet patience is a virtue. Having said that, there is only so long that the strong performance and recovery we are seeing from Renold will go unnoticed. A successful vaccine + good results accelerates the company's prospects.
am i missing anything.
no you are not but the world is in a mess and although rno is a well run company it has had lots of problems in the last couple of years dyor.
it is a buy at this price and you will make a 100-200 percent profit over the next 3 years.
question is are you patient ? jmho
Hi all,
What are peoples thoughts on next weeks results?
I believe RNO have a lot to be optimistic for and are arguably in their most promising position for over 12 months. They have reduced the debt, the order book has improved even with COVID, and they have completed a organisational restructuring which will make them more efficient and in a stronger position to capitalise as the vaccine is distributed. Furthermore, they have continued implementing their major IT Business Systems in the US showing they have the money to invest and further streamline their business, making them more appealing to investors/acquisitions further down the line. They would not be implementing these business systems if they were not in a stable position.
This is a good business, well managed, with good product diversification that has recovered from recent struggles. I believe they are only on the way up and this price is highly attractive. In fact, I am very surprised the price is this low, maybe again because of COVID and the fact it's a smaller cap company!
Am I missing anything ? Thoughts more than welcome.
Profitable and debt reduction of over a quarter in face of turnover down almost a fifth. Looks like will take about 2-3 years before debt gone and pension fund being serviced. One for medium term IMO.
10 million reduction in net debt
Resiliant performance
Profitable for half year
Good as it gets
Chat subject reminds me of a danish thriller series and fraudulent accounts. What was the eventual outcome with the Renold fiasco ? Ever fully resolved?
The turnaround here came with the last dip to new low. The directors topped up (again) significantly as the 3 year reorganisation and streamlining plan completed. The fact that the business continued to generate a profit during the 3 months to June was pivotal for me so I started to pick up and accumulate stock on each minor pullback. I know the pension deficit is high but the massively oversold position negates a lot of risk. All directors have been buying strongly into the company since the 3 year plan began and the elimination of the large annual capex in 17,18 and 19 should now start to reflect in the bottom line. Premium product in a competitive environment but quality will prevail as companies look at downtime cost of buying cheap/inferior product. Renold goods are used across a huge spread of industries so not a one trick pony, far from it. This has got turnaround written all over it all the way to double the current MCap (comfortably) imo.
If Trading Update reflects the Chinese manufacturing figs for September, and there was even a sniff of the d word, this would underwrite the existing broker target of 30.
Sorry should have posted trading update as per oct 2019 with results as you stated november so we are both correct.
The Financial Calendar published by Renold states that Interims due on Rememberance day 11/11/20. Or have things changed ?
Results posted 14th october last year possible rns tomorrow would be my bet.last chance to buy at these crazy prices.
You ever notice how close the spread ...
Should update to 16-20p with solid news, more on horizon prospects.
Step change coming as the effects of a three year restructuring programme goes from CAPEX to bottom line. Yes it will be subdued by Covid but the progress will be evident and a prospects-driven rerate based on solid evidence should happen quickly. The future is indeed bright given the huge range of industrial applications for RNO tech and products.
Results next week last chance b4 this rerates .30p broker target.
Directors have been consistent buyers. Renold produces quality product and proven superiority over cheaper inferior products. Machinery downtime is a huge cost across the multitude of fields in which Renold works and quality/superior product will win. Cheap inferior chains for all uses cost companies more cash in the medium term. Worth 30p with current prospects as the 3 yr CAPEX intense restructuring has just completed allowing future profits to drop straight to the bottom line. Buying.
And another chunky director buy .All you need to know business must be going well and results middle of oct.
Tells me all i need to know follow the money.
Cheeky rns at the death director must be confident....
Results should be due early to middle oct .so expect a push into results.China back to pre covid levels should boost earnings.
Worth at least 3x current MCap any day of the week. Loaded up.
Broker peel hunt issues buy notice increases target from 15p to 30p .
Took profits from DX and loaded up here great recovery play major upside.
Net asset value =14.5p p share 200 million turnover
Results due in a couple of weeks massive underlying value.
I love this kind of share under the radar money to be made.