Occupation: Private Investor, Retired
Interests: Stocks
About Me:
Privater investor in an eclectic group of small cap shares with a North of England bias.
No great surprise that Renold (RNO) has changed its chief executive. It is three years since RNO launched a highly dilutive £26.9m rescue capital raising (roughly tripling the shares in issue to 219.6m), and seven years since the company last paid a dividend.RNO’s shares, which had been trading at 27.75p on the eve of the refinancing, are currently trading around the 20p level at which…
Is this company still alive? Its share price has been stuck in the 2-3p range for the last year – a far cry from the 66p of five years ago – and the 2011/12 annual report appears to hold out little hope of early salvation. Ten Alps (TAL), founded by TV entrepreneur Alex Connock and ‘Band Aid’ creator Sir Bob Geldof, has three core businesses…
What explains the recurring weakness of Renold’s (RNO) share price? Over the last year, when the FTSE 100 has fallen by 3.5%, RNO’s shares are down by around a fifth, even though the company has doubled its operating profits, to £14.1m, and seems set to grow its profits by more than a quarter in the current year. Hard to believe RNO’s shares were trading above…
Schroders Andy Brough, Morson's second biggest independent shareholder after Axa, has not accepted the Mason family’s cheapskate offer to buy back Morson at a price less than two thirds the level at which they floated it six years ago. He thinks that the price is too low. Let's hope some more of Morson's other institutional shareholders follow Schroders' lead,and do not roll over and accept…
As we await the results of the first closing date of the Mason family's shabby bid to take their company private it is worth considering the track record of the two institutional fund managers who appear to hold the key to the outcome – Axa Framlington’s George Luckraft and Schroders Andy Brough. The following Investors Chronicle story summarises well the situation facing shareholders. http://www.investorschronicle.co.uk/2012/06/15/shares/news-and-analysis/morson-bid-leaves-bad-taste-AujegW9JK4kOLpcMXbp63O/article.html;jsessionid=F2B72ACC70C04322C1F3975657CCACDF.mps-apr-02-8109 The…
Having backed RNO for far longer than I should, I am gambling that the new management team led by chairman Mark Harper and CEO Rob Purcell, (both ex-Filtrona) can turn this company round. It is a highly geared operation so when the world economy starts to pick up again, its profits should take off. In the meantime, RNO has put in place cheaper borrowing facilities,…
My main reservation about Paul's long-term bullish case for BEG is related to who has been buying the 15% plus of the company sold by Caledonia over the last six months. As far as I can see there have been no RNS announcements of new stakes in BEG over the period that CLDN has been selling. Currently, BEG has a small group of oddball institutional…
I don't agree. It is great if you can have one and one chats with company execs but for most people this is well nigh impossible. We cannot get access to the company management briefings with institutional investors, and it is hard to get into AGMs if you are not a shareholder. Of course, there are some canny investors who can get all the information…
