E An Unusual Sunday Blog

It is building a new plant in Apodaca, Mexico and modernizing its German Solutions site and its Italian premises which upped administrative overhead to £56.9 mn, now 9% of sales vs prior year 10%. It also acquired sites in Edinburgh and Exeter.

RNSHY raised its dividend on common shares and ADRs by 15.4% to 60 UK pence with a final payment of 46 pence announced Its total return from this made it the 18th best performer in the UK FTSE 250 mid-cap index with a total return of 48% (in sterling). It is a UK dividend aristocrat.

RNSHY results were published in the weekly Investors Chronicle and by Morningstar, the latter of which I am supposed to get from Schwab. But the broker's ability to link a US ticker with the underlying foreign one (RNS) is imperfect. RNSHY's IR head, Chris Pockett, is at least partly to blame also. The misheadlined transcript was not edited for errors by the people mis-speaking.

The other change was that new CEO Will Lee had succeeded Sir David McMurtry, the founder and now chairman. Sir David with his original team own more than 50% of RNSHY and therefore it is not very anxious to chat with analysts and give out information beyond what is required by law.

In London trading, the stock rose less than 2% last week according to the Financial Times. It is also a play on Brexit being abandoned since most of its manufacturing base in Britain. Given his careful ways, I expect Sir David to demand a refund from seekingalpha.com! There is still time to buy more.

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