Member Info for DC68

+255,000 No here

"6. Next year it will be decided if a share buy back or dividend will go to shareholders. "

Haha imagine they'll be rubbing their hands at all the shares they can buy back from pi's at c.20p which they sold to them exclusively at c.38p last year. Clever business that.

"panic buying..." lol you fkg ******

Renold – a positive business momentum Buy

By HotStockRockets | Saturday 18 February 2023

Manufacturer of industrial chains and related power transmission products used in a wide variety of international industries including manufacturing, transportation, energy, steel and mining, Renold (RNO) recently announced that it “now anticipates that underlying operating profit for the full year will be above current market forecasts” and that there is a “positive market outlook”. This looks far from discounted in the current share price and, as the results and following updates make the financials picture clearer, we expect the shares to spark from here.

The latest trading update also noted “order intake running ahead of sales… the current order book of £104.1m is a further record high for the group (30 September 2022: £99.0m) providing good visibility beyond the financial year end” and “net debt at the financial year end is still expected to be comfortably below 1.5x EBITDA”. However, no bottom-line specifics were provided.

A broker to the company, finnCap, though responded by increasing forecasts – now anticipating a year-ending 31st March adjusted pre-tax profit of £14.3 million (adjusted EBITDA £30.3 million) on revenue of £238.3 million, with net debt of £37 million (equating to 16.4p per current share).

The half-year results showed an adjusted pre-tax profit of £7.3 million on revenue of £116.3 million, with current assets of £130.2 million against current liabilities of £73.9 million, with also £147.8 million of non-current liabilities (including a £61.3 million IAS19 pension deficit, down from £87.1 million six months earlier with increased discount rates) and “property, plant and equipment” 'non-current assets' of £57.3 million.

We now look for the following updates from the company to show the net cash generating capability from the positive trading here, further reassuring on the balance sheet and bringing the valuation more widely into view – the noted full-year profit forecast equating to earnings per share of 4.8p.

With reducing balance sheet liabilities, we suggest a PE of 8x can be quite realistically argued – suggesting a share price of above 38p. FinnCap argues that above 50p is now justified and, although caution should always be applied to house broker views, we can understand the argument for that. However, with even 38p currently approaching 40% upside, at up to 30p, targeting above 38p on the company’s following results and updates, Buy.

Bore off GBT/FH

Lombard are not exiting. They're improving their average. They still hold over 45 million shares. Over 5 years they've held from 33 million up to 84 million. They will have a base position they hold in the company at Xp per share and over the course of time can increase or reduce their holding as they see fit based on the risk assessment of the company, sector, country, global market - many variables. Overall it's their job to see a % return improvement on their base position which feeds through to their own investors.
Drama queens insisting Lombard are selling up entirely is pure nonsense. They're just doing a good job getting a return on their underlying investment.

Updated Lombard history:

Date Shares held % held Change
10/01/2023 45,926,845 14.24% -5,972,532
06/01/2023 51,899,377 16.10% -12,505,073
03/01/2023 64,404,450 19.97% -2,844,631
19/12/2022 67,249,081 20.86% -2,706,983
04/11/2022 69,956,064 21.69% -4,046,978
25/08/2022 74,003,042 22.95% -3,011,008
11/07/2022 77,014,050 23.88% -6,356,574
16/06/2022 83,370,624 25.93% -1,061,679
13/06/2022 84,432,303 26.26% 1,770,917
05/05/2021 82,661,386 27.04% 13,021,311
20/07/2020 69,640,075 22.78% 11,161,522
29/06/2020 58,478,553 20.43% 3,058,591
09/10/2019 55,419,962 19.36% 295,503
20/09/2019 55,124,459 19.26% 3,369,776
30/07/2019 51,754,683 18.08% -2,239,435
16/04/2019 53,994,118 18.88% -8,218,595
15/04/2019 62,212,713 21.76% -706,223
29/03/2019 62,918,936 22.00% 2,875,601
03/01/2019 60,043,335 21.00% 2,753,849
29/11/2018 57,289,486 20.04% 1,055,737
15/11/2018 56,233,749 19.67% 4,706,089
22/10/2018 51,527,660 18.02% 928,239
01/10/2018 50,599,421 17.69% -3,424,020
21/09/2018 54,023,441 18.89% -2,797,912
13/09/2018 56,821,353 19.87% -1,051,464
04/09/2018 57,872,817 20.24% 4,684,450
13/08/2018 53,188,367 18.60% -1,746,549
09/08/2018 54,934,916 19.21% -1,931,222
29/06/2018 56,866,138 19.88% 581,320
13/04/2018 56,284,818 19.69% -4,488,331
08/02/2018 60,773,149 20.25% 2,960,360
15/12/2017 57,812,789 20.22% 621,731
15/11/2017 57,191,058 20.00% 23,827,911
07/11/2017 33,363,147 14.00% -569,963
25/08/2017 33,933,110 14.24% -1,151,747
24/08/2017 35,084,857 14.72% -3,037,402
02/08/2017 38,122,259 15.99% -2,289,165
05/07/2017 40,411,424 16.96% -817,549
30/06/2017 41,228,973 17.30% -2,774,008
27/06/2017 44,002,981 18.47% -1,242,107
13/06/2017 45,245,088 18.99% 800,000
11/05/2017 44,445,088 18.65% -4,797,741
10/04/2017 49,242,829 20.67% -951,605
01/04/2017 50,194,434 21.07% 590,279
03/01/2017 49,604,155 21.02%

Lombard's holdings have fluctuated throughout the last 5 years. Buying & selling at intervals. they hold about the same today as they did in July 2019. Up, down. I'd read nothing it to it. Others like to fearmonger...

Don't know how well this table will look in the message, but here's their notifications for 5 years:
Notify date Shares held % held Change from previous notification
06/01/2023 51,899,377 16.10% -12,505,073
03/01/2023 64,404,450 19.97% -2,844,631
19/12/2022 67,249,081 20.86% -2,706,983
04/11/2022 69,956,064 21.69% -4,046,978
25/08/2022 74,003,042 22.95% -3,011,008
11/07/2022 77,014,050 23.88% -6,356,574
16/06/2022 83,370,624 25.93% -1,061,679
13/06/2022 84,432,303 26.26% 1,770,917
05/05/2021 82,661,386 27.04% 13,021,311
20/07/2020 69,640,075 22.78% 11,161,522
29/06/2020 58,478,553 20.43% 3,058,591
09/10/2019 55,419,962 19.36% 295,503
20/09/2019 55,124,459 19.26% 3,369,776
30/07/2019 51,754,683 18.08% -2,239,435
16/04/2019 53,994,118 18.88% -8,218,595
15/04/2019 62,212,713 21.76% -706,223
29/03/2019 62,918,936 22% 2,875,601
03/01/2019 60,043,335 21% 2,753,849
29/11/2018 57,289,486 20.04% 1,055,737
15/11/2018 56,233,749 19.67% 4,706,089
22/10/2018 51,527,660 18.02% 928,239
01/10/2018 50,599,421 17.69% -3,424,020
21/09/2018 54,023,441 18.89% -2,797,912
13/09/2018 56,821,353 19.87% -1,051,464
04/09/2018 57,872,817 20.24% 4,684,450
13/08/2018 53,188,367 18.60% -1,746,549
09/08/2018 54,934,916 19.21% -1,931,222
29/06/2018 56,866,138 19.88% 581,320
13/04/2018 56,284,818 19.69% -4,488,331
08/02/2018 60,773,149 20.25%

Does the jury's decision just have to be by a majority verdict, or does it have to be unanimous?

IMO regardless of the open & shut case as I (+most on here) see it the outcome may have as much to do with the theatre in the courtroom and which lawyers have the most understandable and persuasive story to tell a potential jury of grannies/builders/clerks/homekeepers/etc. (and hopefully no nobbling of jury members by S, although that idea is probably my imagination after watching too many mafia movies).

Nice :)
"The Broker Option was very significantly over-subscribed. The Company has taken efforts to protect the participation requests from smaller retail investors and many of these will either not be scaled back or only modestly so. The balance of other participation requests have been scaled back after consultation with the Company's Joint Broker, Turner Pope Investments."

boredom.....

All paid rampers - part of John Story's clan. He's offloaded his stash and they all disappear. Coincidence? All that is left are the suckers in the Telegram boiler room...still in the denial phase.

Ahh sorry! Fat fingers!

Correct on TA we need a close of 16p or higher to confirm the break then next resistance at 18.25 (22-Jan) followed by 20.25 (15-Oct). Breaking this resistance is a big hurdle (+ becomes support). Reckon this news has finally done it and cleared for an upward SP .
All solid fundamentals are in place and SNG should be going so much higher than here.

Watching closely now, a close above 16 breaks the downtrend resistance line from Oct-20 and becomes support.
Really interesting to see how this plays out. If true, looking for a move to 20+ over the next few weeks.

Talking charts, SHG needs a close above 16p to break the strong resistance line from 15-Oct-20 > 22-Jan-21. Price tested this on 22-Apr and fell back immediately. A break and close above this leaves clear air above for price improvement.
Charting may be inconclusive but many ii and pi set take-profit/stop limits based on clear resistances or support lines which in turn makes the chart signals self-fulfilling. Breaks of these set a new phase. So will be interesting to watch this develop once this resistance line is broken!

It's no coincidence that directors sales come around right at the end of the tax year. It might be for a multitude of non-sinister reasons with nothing to do with Shanta, but rather the individuals own tax situation.

That would be a great place to showcase. The site is littered with generators that run all night

Nice to see SHG getting some recognition. Tip just published on Share Prophets by Hot Stock Rockets

Quote the final paragraph "Shanta Gold – 2020 results, 2021 “huge opportunity” ahead?..."
""There remain clear risks – including some potential Tanzanian legislative changes, but the value and catalyst potential from the noted projects see us still consider that a doubling of the share price from here is very achievable as the news flow rolls and on gold sentiment turning more positive again. The shares are still therefore a Buy.""

"Don Durrett: Big Money About to Rush into Gold"
A timely and topical commentary. Matches my own (chart) view on POG and the general consensus here on yields in the post-lockdown economy:

https://youtu.be/5jRrEIFTuJA