RIN - Rinker Group

[noirua]

Rinker Group are certainly looking like a good gamble on these Lafarge rumours. I've finished my buying and look forward to a reasonable get out opportunity shortly.

 

[Realist]

I took the plunge, put my money where my mouth is and bought 200 RIN shares at $12.89 today.

:

 

[michael_selway]

I took the plunge, put my money where my mouth is and bought 200 RIN shares at $12.89 today.

:

hehe you didnt buy much

but imo this one will be hard to see which direction it will go

thx

MS

 

[Fab]

A bit worrying that it is going done on a day like today. I am holding nevertheless, it sounds oversold to me 

 

[Realist]

hehe you didnt buy much

but imo this one will be hard to see which direction it will go

thx

MS

Yeah, I know, just a few to add to my collection.

Down to $12.87 today.

I'm down a whole $4.

This is a buy and hold of course, it may go down slightly more, but I'm guessing around $13 is a good buy.

 

[NettAssets]

Don't know if this is relevantfrom FA

More Competition For Rinker
Rinker competitor CRH is building new cement capacity in Florida. UBS has taken the opportunity to chop its Rinker target price - again.
John

 

[Freeballinginawetsuit]

I admit RIN have a currently low SP, no doubt lots of punters thought it was low weeks earlier as well and they have been burnt. I think RIN will have a fairly hard landing due to their exposure in the US building market and an equally hard recovery to a decent SP. Long term returns on a purchase in RIN shares even at oversold current share prices are minimal. I would recommend sticking away from RIN with a bargepole. If you are considering RIN due to a low SP why wouldnt you chose to buy DOW stocks instead?.

 

[Realist]

$13.04 today, general market news out of US in general is quite good. Nasdaq up nicely past 2 days, Dow up a bit.

Hopefully I got into RIN near the bottom, I always thought about $13 was a fair price for what is a good company, with the shareholders interest at heart - buy backs, good dividends, no dillution from options etc. its a nice buy and hold I think.

 

[Sean K]

I hope that takeover rumour hangs around for you too Realist. Or better still, happens!

 

[Realist]

If you are considering RIN due to a low SP why wouldnt you chose to buy DOW stocks instead?.

RIN makes profits, does not dillute their shares with large options grants etc, they pay 35% of profits back to shareholders via dividends, they've made huge profits past 5 years, they're implementing a buyback, infact the shares outstanding each year decreases, and the price is now quite low. They are a possible takeover target.

DOW has announced they are making a loss and there are more and more shares outstanding each year - dilluted profits.

Big difference IMHO.

If profits go down that is one thing, a loss is another though.

 

[shinobi346]

Don't know if this is relevantfrom FA

More Competition For Rinker
Rinker competitor CRH is building new cement capacity in Florida. UBS has taken the opportunity to chop its Rinker target price - again.
John

One reason for the huge drop in Rin's SP has been the negative outlook on the US market. So the willingness of the competition to invest more into the industry must mean they are looking positively at the US market in the near future.

 

[Realist]

Up to $13.62 today.

That is quite a move in 2 days.

Looks like it's onwards and upwards from here....

 

[noirua]

Rinker have closed the week at ADR US$51.23 with the sentiment index recovering to 40.

 

[Freeballinginawetsuit]

RIN makes profits, does not dillute their shares with large options grants etc, they pay 35% of profits back to shareholders via dividends, they've made huge profits past 5 years, they're implementing a buyback, infact the shares outstanding each year decreases, and the price is now quite low. They are a possible takeover target.

DOW has announced they are making a loss and there are more and more shares outstanding each year - dilluted profits.

Big difference IMHO.

If profits go down that is one thing, a loss is another though.

RIN exposure/business interests are much different to DOW.
Downer made a mistake/underquoted on the Iluka construction job in SA.Every business makes mistakes, DOW SP got punished instantly & probably overdone. If this was taken out of DOW bottom line they actually made a profit for the year. DOW are an engineering company with heavy concerns/ties in the industrial/materials sector. Not a bad industry to be in in the present climate.
RIN are exposed primarily to the housing market and mainly in the US. How could you posably prefer RIN business exposure over DOW.

DOW has risen 10% since its SP hammering a few days back, quick rebound. DOW might chart a good rebound from here in.

RIN chart since May looks scary, it has no proven support level(maybe $13 ish but $16 also seemed a support level). If the US Building market lands hard and sideways for years, so will RIN SP.

I agree RIN is a well managed sound company. I am just staing it may take ages to get a return off their SP, certainly for holders above $17. Better buys than RIN on the market.RIN may be a good long position

 

[tour]

RIN is now buying back shares . their max target is to get back 45,000,000. any1 got an opinion on what sp to let go. to be i belief 13.87(current) is still too cheap. my target would be around $15

 

[Realist]

RIN exposure/business interests are much different to DOW.
Downer made a mistake/underquoted on the Iluka construction job in SA.Every business makes mistakes, DOW SP got punished instantly & probably overdone. If this was taken out of DOW bottom line they actually made a profit for the year. DOW are an engineering company with heavy concerns/ties in the industrial/materials sector. Not a bad industry to be in in the present climate.
RIN are exposed primarily to the housing market and mainly in the US. How could you posably prefer RIN business exposure over DOW.

DOW has risen 10% since its SP hammering a few days back, quick rebound. DOW might chart a good rebound from here in.

RIN chart since May looks scary, it has no proven support level(maybe $13 ish but $16 also seemed a support level). If the US Building market lands hard and sideways for years, so will RIN SP.

I agree RIN is a well managed sound company. I am just staing it may take ages to get a return off their SP, certainly for holders above $17. Better buys than RIN on the market.RIN may be a good long position

Charts, schmarts, farts, support levels, and charts are for astrologers. RIN was cheap at $12.89 when I bought it, that was obvious. Perpetual Australia's biggest super investor agreed and spent $130,000,000 on buying RIN, there are dividends to come, a buyback happening, and it is a potential takeover target.

Dow, schmow, it made a loss, I'm not interested in it at all.

 

[ducati916]

Realist

RIN was cheap at $12.89

Opinion?
Or, have you calculated the intrinsic value per share?

If you have calculated the value, what is that calculated value?


jog on
d998

 

[ducati916]

Realist

Dow, schmow, it made a loss, I'm not interested in it at all.

Interesting.
Actually, it wrote down Receivables.
With it's drop in price, due to the market's lack of understanding, DOW, may in point of fact represent an undervaluation.

I presume you are off calculating some intrinsic values for RIN

jog on
d998

 

[michael_selway]

Charts, schmarts, farts, support levels, and charts are for astrologers. RIN was cheap at $12.89 when I bought it, that was obvious. Perpetual Australia's biggest super investor agreed and spent $130,000,000 on buying RIN, there are dividends to come, a buyback happening, and it is a potential takeover target.

Dow, schmow, it made a loss, I'm not interested in it at all.

DOW might have been ok to buy as well, as the loss was only due to a "one off" thing

thx

MS

 

[Realist]

Realist



Opinion?
Or, have you calculated the intrinsic value per share?

If you have calculated the value, what is that calculated value?


jog on
d998

Yep the Market Cap should be approximately 16,321M.