RIN - Rinker Group

[YELNATS]

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.

Any price under $13 for RIN is a good price. Regards YN.

 

[Fab]

Housing market not looking good in the US so I will be keep away from RIN for a while. i recently sold at $13.70

 

[michael_selway]

Housing market not looking good in the US so I will be keep away from RIN for a while. i recently sold at $13.70

hehe nice, at a gain or as a loss may I ask?

thx

MS

 

[Jay-684]

thought of buying RIN or ZFX on wed morning, went with ZFX due to Zinc recovering and the soft outlook on US housing....

of course RIN has risen over 7% since then!

they have done me well anyway, luckily sold out at $22 (bought for $13) so not too bad

 

[noirua]

Rinker are having trouble holding above $13, this despite buying back 630,000 shares on Monday.

RIN may buy-back 45 million shares over a 12 month period, which represents 5% of shares in issue before the cancellation last week.

 

[Freeballinginawetsuit]

thought of buying RIN or ZFX on wed morning, went with ZFX due to Zinc recovering and the soft outlook on US housing....

of course RIN has risen over 7% since then!

they have done me well anyway, luckily sold out at $22 (bought for $13) so not too bad

Smart move JAY-684, ZFX over RIN anyday, your 10% up already since last week. If you want a quick buck and to avoid October (possibly black) get out of ZFX before they go ex divy.

 

[michael_selway]

Smart move JAY-684, ZFX over RIN anyday, your 10% up already since last week. If you want a quick buck and to avoid October (possibly black) get out of ZFX before they go ex divy.

Things is ZFX, after the coming 70c fully franked dividend, there will be an even bigger divi coming in 6 & 12 months after that! Pretty certain I would say as well

ZFX - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 219.9 283.0 194.8 117.4
DPS 80.0 140.0 88.3 53.2

One thing I dont understand about RIN, is that they have such low dividend, yet they dont make any aquisitions etc? maybe hidden furture costs?

RIN - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 106.6 121.2 129.1 138.4
DPS 78.0 42.8 45.0 48.5


thx

MS

 

[noirua]

Rinker are looking decidedly weak this morning and need that regular buy-back of shares to prevent a nose dive. This buy-back may end before Xmas at this present rate and RIN need to do something fast or confidence will collapse with the shares.

 

[Realist]

Haha, don't worry about the share price, worry about the company.

I agree RIN share price is weak, because of housing data out of the US.

Buybacks at a low share price are great for us though, it improves the EPS - which is hugely important.

 

[Freeballinginawetsuit]

Haha, don't worry about the share price, worry about the company.

I agree RIN share price is weak, because of housing data out of the US.

Buybacks at a low share price are great for us though, it improves the EPS - which is hugely important.

How's RIN going Realist, seems like it might be heading to a new support level in the low $12 range with not much on the upside.

DOW is doing a lot better mate with some upside to come!.

 

[Freeballinginawetsuit]

Things is ZFX, after the coming 70c fully franked dividend, there will be an even bigger divi coming in 6 & 12 months after that! Pretty certain I would say as well

ZFX - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 219.9 283.0 194.8 117.4
DPS 80.0 140.0 88.3 53.2

One thing I dont understand about RIN, is that they have such low dividend, yet they dont make any aquisitions etc? maybe hidden furture costs?

RIN - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 106.6 121.2 129.1 138.4
DPS 78.0 42.8 45.0 48.5


thx

MS

Agree MS, I'M not getting out of my long holding in ZFX in a hurry.
Just stating that their SP will soften up a bit when they go ex divy. This is whats giving their current SP support at the moment in the current market.

 

[Sultan of Swing]

One thing I dont understand about RIN, is that they have such low dividend, yet they dont make any aquisitions etc? maybe hidden furture costs?

Is not a buy back the same as an aquisition? The only differnce is they're buying RIN as they're not seeing any better valued opportunities out there at this time.

I'm here to learn so tell me if I've missed something please.

Cheers
SOS

 

[Halba]

if rin get anywhere near $1.15 eps the shares will rally, provided high single digit earnings growth for 2007/8



thats quite significant earnings, esp for a stock dropping every day

bear in mind, the market is pricing RIN for negative earnings growth, i.e. earnings declines from say $1.15 to $1.05 or something like that

 

[Realist]

How's RIN going Realist, seems like it might be heading to a new support level in the low $12 range with not much on the upside.

DOW is doing a lot better mate with some upside to come!.

Haha, pure speculation based on your lack of fundamental knowledge.

"Support at 12 with not much upside" - based on no facts whatsoever, pure personal opinion.


RIN is a long term hold, judging it on a week's trading or a months trading is a waste of time, I'll hold for a long time and collect the dividends, the buyback makes the EPS better, it suits me for the buyback to be when the SP is low. I'm happy where I bought it.


DOW made a loss last year - I wouldn't touch it!

RIN made a $1B profit.

 

[Fab]

RIN is a good company but SPP correction was overdue. Why hold at this level when you could have sold at around $20 and probably will be able to buy back at $12

 

[Freeballinginawetsuit]

Haha, pure speculation based on your lack of fundamental knowledge.

"Support at 12 with not much upside" - based on no facts whatsoever, pure personal opinion.


RIN is a long term hold, judging it on a week's trading or a months trading is a waste of time, I'll hold for a long time and collect the dividends, the buyback makes the EPS better, it suits me for the buyback to be when the SP is low. I'm happy where I bought it.


DOW made a loss last year - I wouldn't touch it!

RIN made a $1B profit.

You must be struggling with your hold strategy in the current market Realist.

No ones saying don't go with the fundamentals just have an exit/entry strategy. You seem to be letting lots of oppurtunities pass by simply not trading the MARKET!.

 

[Realist]

You must be struggling with your hold strategy in the current market Realist.

No ones saying don't go with the fundamentals just have an exit/entry strategy. You seem to be letting lots of oppurtunities pass by simply not trading the MARKET!.

Rubbish...

I've collected a hell of alot of dividends this month...

MRE is up 50% from where I bought it 4 months ago.

Amcor is soaring for some reason today as well...

I've lost on BHP and RIO and others these past few months though. But overall I am well ahead.

 

[Freeballinginawetsuit]

Rubbish...

I've collected a hell of alot of dividends this month...

MRE is up 50% from where I bought it 4 months ago.

Amcor is soaring for some reason today as well...

I've lost on BHP and RIO and others these past few months though. But overall I am well ahead.

Personally I got out of MRE a few weeks back and bought back in on Monday.

You still held hey?, oh well you are an Investor.

 

[noirua]

Rinker have purchased 7,950,000 shares for cancellation in the first month of the 12 month buy-back period and have only 37,050,000 shares left to buy. The Live Audio Presentation is next Tuesday, 26th September.

 

[Realist]

Personally I got out of MRE a few weeks back and bought back in on Monday.

You still held hey?, oh well you are an Investor.

So you missed the dividends, owe tax, and paid alot of brokerage!!

I do wonder about you..

What else have you bought or sold recently?