Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
another quality share thats under the radar .Just a matter of patience could double from here very quickly.
"China's Manufacturing Recovery Picks Up the Pace BEIJING--An official gauge of China's factory activity expanded at a faster pace in July, as improving demand inside and outside the country kept the recovery of the world's second-largest economy on track.": https://uk.advfn.com/stock-market/stock-news/82966929/chinas-manufacturing-recovery-picks-up-the-pace
Too good as it gets.
Good as it gets.
Profitable every month first quarter.
Agm Friday.
Update next month ?
Always thought the Chinese investments were bright spot until now. Huawei seems to have put paid to that.
Hi Hazbeen, think I was just a little concerned that on H&L website they flagged up a message yesterday saying that they couldn't show current price and were quoting 10.10p which hasn't changed today. Renold investor page were quoting prices but trades were only showing the 3 from yesterday one being the 200,000 buy. Have checked again since I posted and the Renold page has been updated. Thanks for putting a new investors mind at rest that all is well with this share.
What trouble are you having ?
Quoted 10.1 / 11.9p
Can buy and sell within the spread
Does anybody know what's going on with Renold shares as having difficulty just getting a current share price. The latest trades shown here were yesterday and have checked on the investors page at Renold which is quoting 11.49p but the share volumes quoted seem to tie in with yesterday's trades.
Seems to have got over the cooked books and shaping up nicely.
Broker agrees with Hunt the Cent retaining Buy but upping target to 30 from 15.
Great Share. BB is very quiet. I have only been involved recently at 9.5p . This is a dark horse of a share under most peoples radar, which I quite like. Steady rise with occasional retrace. The BOD seem to have everything in place now for a great recovery and the revenue during the current situation has been outstanding considering the difficulties most companies are facing. I am looking forward to the coming months. Gla
Followed by a £40K buy today
£20,000 Director buy. I expect this is the start of many
Just read over the results this morning and to be honest I’m pretty pleased all round. I had forgotten about these shares as was well under water. However, they now appear to be a great recovery play at 9.75p. Great to see management finishing off the restructuring and benefits now coming through. It looks a bargain now .
I agree remaining profitable through the last few months is the most important thing, but many more reasons to be optimistic here I think;
Restructuring process now complete which impacted fixed and labor costs and efficiencies.
China and India business's now fully owned subsidiaries allowing for greater profitability, efficiencies and synergies in production tooling and distribution channels.
New China factory efficiencies starting to have impact (resulting in 20% smaller workforce) and increased production capacity.
Disposal off loss making business in South Africa.
Capital now freed up for expansion and acquisitions.
Overall the RNS to me reads like good stewardship of the business, the desire to optimize production processors is evident throughout which will significantly improve margins and the company is now positioned to enter a period of growth at a time when its likely large infrastructure projects will be needed to stimulate economies worldwide.
Debt and pensions seem sustainably managed and a cash balance of £15mil plus unused credit facilities provides us with strong liquidity going forward. Obviously some challenges ahead but I'm very happy holding and adding here. The sp may hang around these levels for a while but I don't think you'll have to wait 2 years to see 20p.
For me the most important part of the results was:-
"Cash generative and profitable in the first months of the new financial year".
I've held RNO for a while but sold down some on the way to 8p. My concern was whether they would survive but I'm feeling more optimistic now. If they can generate cash and report a profit over April / May, then I suspect they'll make it through. From a valuation perspective how the pension deficit moves on assets prices / bond yields will be a key factor. Difficult to say at the moment. But I can see this getting back to 20p or so over the next couple of years.
Strong figures on today's results, no wonder the good rise on share price over 50%
"During the final quarter of the year, the initial impact of the Covid-19 pandemic created short-term disruption and a number of operational challenges. Renold reacted quickly to these challenges, ensuring the safety and welfare of all our employees, compliance with local restrictions and continuity of supply to customers, while at the same time taking steps to reduce costs and preserve cash flow.
"The uncertainty caused by the Covid-19 pandemic is likely to result in a period of volatile demand, preventing the Board from giving specific guidance for the year ahead at this stage. The Group's financial position has been strengthened by the flexibility provided by our lenders and the Trustee of the UK pension scheme. Together with the cost and cash actions taken, this supports the Board's confidence that the Group will be able to manage through the current period of disruption.
"Renold holds a leading position in many of its markets and the strategic programme that has been undertaken over the past years has delivered a business far more resilient and better placed to overcome the current challenges. Having successfully completed the substantial infrastructure change programme, we will have greater cash resources with which to accelerate our growth initiatives. As a result, the Group is well positioned to capture the significant opportunities available to it as markets stabilise and demand recovers."
Best of
Someones taken a good chunk here today. Rerate soon imo.
Looks like buys showing as sells again or the.bid price is much higher
An 8p finish will be fine today .
Next few weeks will be better and soon be back to 10p and beyond .
Best of
8p paid .
Now we can all rest easy that the uptrend is confirmed.
Best of
£19k Buy showing as a Sell !
Keeps on going plus buys on Nex not showing