Share price...28 Jun 2011 14:50
I am really supprised that pi are not piling on into Renold at the current share prices.Chineese will be producing more and more cars(needing chains,gear boxes,transmissions etc,etc).Bus production in Europe is picking up (especially in Skandinavia, Germany and Holland) all needing above mentioned components where Renold is the biggest supplier.There will be futher profits reported in an update well before six months of new financial year.I am gradually averageing down to 80p where I belive Renold will be by the end of this year.Its share price has been hardly affected by the current turmoil.