Renold: the recovery story

I think the mm's are trying to mug a few out skunkjam.

Net sells of 6K yet marked down 1.5p. They obviously have tried raising the price to get stock and it just attracts buyers. If marking it down gets punters to sell they kill 2 birds - they get the stock and get it cheaper.

At the price of the last director buy now and not much abover the price Hanover recently added at really.

I'd bet the punters are buying to catch the New Year update the company has promised, ahead of the update.

CR