RIN - Rinker Group

Joe Blow · 23 August 2006

Gentlemen lets stick to discussing RIN in this thread. If you would like to discuss Buffett, Graham, value investing and other related topics in more depth, please start a new thread in the appropriate forum.

Thank you.

ducati916 · 23 August 2006

Realist

Oh dear, oh dear!!
Have you even read Security Analysis and the Intelligent Investor?
Graham speculated on hundreds of minor securities that had a NTA greater than its Market Cap.
He made losses on some of them!!!
Being pedantic does not make you sound more intelligent, quite the contrary actually.

Really?
Give me the names of the securities.
Quote to me the page#
The Edition
The Year of any [Security Analysis/Intelligent Investor]

Where;
Losses are identified,
Speculation is admitted to.

Fact;
There are none.
That includes all the appendixes of all editions, all years.

But of course I am more than willing to investigate any factual references.
Just save your opinion, as it is an empty vessel.

jog on
d998

noirua · 26 August 2006

Rinker shares have slumped badly, the 50 cents extra dividend and 50 cent cash return played a very small part in that.

The rumours of a bid from Lafarge ( http://www.aggregateresearch.com/finance/article.asp?id=9234 ) are likely to stay around for sometime and help the stock, together with the upbeat first quarterly report ( http://www.stockhouse.com/news/news.asp?newsid=3806871&tick=RIN )

GreatPig · 26 August 2006

Technically RIN may be forming a cup and handle.

If the price pushes back up through $14, I'll be looking to get back in.

Cheers,
GP

noirua · 29 August 2006

GreatPig said:
Technically RIN may be forming a cup and handle.

If the price pushes back up through $14, I'll be looking to get back in.

Cheers,
GP

Very interesting, more interesting will be the shape of the handle. Will watch with interest. Seems to have a nice bottom, no sharp v's, - well, only a little one - and is taking quite sometime to form.

noirua · 30 August 2006

More seriously, Rinker Group have moved up from a USA low of USADR$48.9 ( on 2nd Aug 2006 ) to USADR$52.34 - target on the chart is at US$60. In Aus., the next fence is at A$14, lets take them one at a time.

The buy-back will help Rinker and - buy back in Aus that is - gives a firmer look to the stock that should be worth in the range A$16 - A$18, a range that should hold in due course.

Those interested in making a below market price bid should withdraw with grace. Unacceptable faces of capitalism as they are.

noirua · 31 August 2006

Rinker Event: Port Lauderdale or West Palm Beach, it's all go on the 19th September 2006 http://www.cfasouthflorida.org/events.php

noirua · 5 September 2006

Rinker are now back over $14 at $14.17 this morning. The US economy is still looking good, on the spending front, and the property downturn may be short lived.

michael_selway · 5 September 2006

noirua said:
Rinker are now back over $14 at $14.17 this morning. The US economy is still looking good, on the spending front, and the property downturn may be short lived.

Well DOW is doing ok atm also, and forward terminal PE of 10 is about $14

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 106.6 122.0 129.8 138.4
DPS 78.0 42.8 45.4 48.2

thx

MS

noirua · 8 September 2006

Rinker Group have stepped up the buy-back of RIN stock as the price slides quickly to $13.20.

swingstar · 8 September 2006

noirua said:
Rinker Group have stepped up the buy-back of RIN stock as the price slides quickly to $13.20.

Shouldn't the price go up?

michael_selway · 9 September 2006

swingstar said:
Shouldn't the price go up?

theres a limit to how much and at what price they can buy back per day?

thx

MS

3 veiws of a secret · 9 September 2006

Re :yr last post that's correct Michael Selway -damn right!,this share is near the centrifuge,after reaching $14.29 the other day. Volatile indeed,shades of Silex in it's early days.

noirua · 11 September 2006

Down to $12.99 this morning, after the Friday buy-back of 1,089,592 shares at prices between $13.20 and $13.50.
It appears that there must be some significant unloading of stock going on and RIN must be aware of a big seller, as they mop up stock for cancellation.

Realist · 11 September 2006

There was quite bad news on the housing front in the US late last week, DVB or something like that reporting problems. Saw it on CNBC.

RIN is slightly less than I bought it for now.

Still it is a longterm hold, pays good dividends and a buy back at low prices suits shareholders I suppose. So no problem.

The whole ASX is taking a beating today, dunno why.

noirua · 11 September 2006

Realist said:
There was quite bad news on the housing front in the US late last week, DVB or something like that reporting problems. Saw it on CNBC.

RIN is slightly less than I bought it for now.

Still it is a longterm hold, pays good dividends and a buy back at low prices suits shareholders I suppose. So no problem.

The whole ASX is taking a beating today, dunno why.

I notice oil prices heading for US$60, gold about to go under US$600,... So, maybe, we're about to see a reversal to the US and worldwide inflationary pressure.
RIN are at a days low of $12.83, tempted to buy a few more.

michael_selway · 11 September 2006

Realist said:
There was quite bad news on the housing front in the US late last week, DVB or something like that reporting problems. Saw it on CNBC.

RIN is slightly less than I bought it for now.

Still it is a longterm hold, pays good dividends and a buy back at low prices suits shareholders I suppose. So no problem.

The whole ASX is taking a beating today, dunno why.

RIN's dividend is relatively low imo, esp if its not "growing" much

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 106.6 122.0 129.1 137.6
DPS 78.0 42.8 44.8 48.0

thx

MS

swingstar · 12 September 2006

If Nick's EW analysis proves true, then looks like RIN has started wave C down.

noirua · 13 September 2006

$12.77, up 46 cents. Buy-back appears to have stopped.

jwatkins · 13 September 2006

Interested to see so many here contemplating buying RIN. I paper traded a short at $13.30 a month ago... scary share to hold during an American recession, not to mention Ducati's analysis.

RIN - Rinker Group

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