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RNO Renold Plc

37.00
-1.40 (-3.65%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Renold Plc LSE:RNO London Ordinary Share GB0007325078 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.40 -3.65% 37.00 620,875 16:29:47
Bid Price Offer Price High Price Low Price Open Price
36.50 37.00 38.00 37.00 38.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 247.1M 11.8M 0.0523 7.07 83.4M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:56:43 O 85,000 37.1794 GBX

Renold (RNO) Latest News

Renold News

Date Time Source Headline
04/3/202413:13UK RNSRenold PLC Holding(s) in Company
16/2/202415:37UK RNSRenold PLC Holding(s) in Company
05/2/202415:49UK RNSRenold PLC Holding(s) in Company
01/2/202409:59UK RNSRenold PLC Holding(s) in Company
18/1/202415:41UKREGRenold PLC Holding(s) in Company
18/1/202415:40UKREGRenold PLC Holding(s) in Company
18/12/202307:00UKREGRenold PLC Block Listing Six Monthly Return
22/11/202307:00UKREGRenold PLC Preference Stock Dividend
20/11/202316:20UKREGRenold PLC Holding(s) in Company
16/11/202316:53UKREGRenold PLC Holding(s) in Company

Renold (RNO) Discussions and Chat

Renold Forums and Chat

Date Time Title Posts
12/3/202421:52Renold1,786
04/9/201915:54RNO-
22/10/201307:15Renold: the recovery story1,817
16/6/200812:00Renold - Long way to go..-
21/11/200715:16Time to SHORT RENAULT.....3

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Renold (RNO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 17:24:4237.1885,00031,602.50O
2024-03-18 16:56:4437.0023586.95O
2024-03-18 16:35:0837.00379140.23UT
2024-03-18 16:29:3537.005,0001,850.00AT
2024-03-18 16:29:3037.0010.37O

Renold (RNO) Top Chat Posts

Top Posts
Posted at 18/3/2024 08:20 by Renold Daily Update
Renold Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker RNO. The last closing price for Renold was 38.40p.
Renold currently has 225,417,740 shares in issue. The market capitalisation of Renold is £83,404,564.
Renold has a price to earnings ratio (PE ratio) of 7.07.
This morning RNO shares opened at 38p
Posted at 12/3/2024 08:39 by robsy2
Oh dear. I couldn’t stay til the end so i missed that. Not sure if folk fully understand pension deficits and i claim no expertise but if interest rates are normalising ie going up, then this would be a big positive for RNO. We are seeing the positive effect with other companies reporting reduced deficits and reduced funding requirements.
Posted at 08/3/2024 12:44 by melloteam
Renold will be one of the companies discussed by the BASH (BUY,AVOID,SELL,HOLD)Panel on the MelloMonday webinar, starting at 5pm on Monday 11th March 2024.

Full programme:
5pm Fireside chat with Chris Boxall, Co-Founder and Director of Fundamental Asset Management
5:40pm Company presentation by Kinetiko Energy
6:10pm Company presentation by Galliford Try
6:40pm Introducing Clipper Automative and our Tax Efficient Investment Show
7pm Company presentation by Taseko Mines
7:30pm BASH with Mark Simpson and Kevin Taylor (RNO)

Use code MMTADVFN50 for 50% OFF.
Posted at 07/3/2024 11:56 by sausage7
Hello Renold holders and watchers! A very strange price move down recently, I can’t think of a catalyst for such, anyone have ideas ? Unless a holder forcing their way out in what is a constrained market at the best of times.
Posted at 05/3/2024 11:34 by prokartace
Took my 100% on 1/2 my holding. Now we have a sudden drop in price, not sure of the reason. Where to buy back is the question
Posted at 18/1/2024 16:03 by tiswas
So the employee trust has bought a stack more shares and now has 10.6%.

Is the employee trust forcing up the share price?

So the good thing is that buying in the market presumably means shares will not be issued to satisy options so no dilution. But who provides the money to the trust to buy the shares? If it is plc how is that expensed through the P&L?

Anyone know about these matters?
Posted at 03/1/2024 18:23 by pj84
The following was from my my post 1683 following the capital markets day back in May last year: -

"Renold PLC - Capital Markets Day (With Q&A) (brrmedia.co.uk)


It is a long watch, just under 2 hours and whilst it is the company selling themselves, it is nevertheless very informative, and they seem to be very focussed on both inorganic growth and further acquisitions and to be very focussed on a very disciplined approach to capital expenditure for both investment and acquisitions. It also explains that even though Renold is not regarded as a tech company, it is benefitting from the new economy through businesses in all sectors increasing automation and demand for its products which is continuing to grow and in my view even following the recent increase in share price the PE of Renold is far too low."

The company were keen to point out that whilst their chains business appears to be very old economy, that it is a key component of the increasing automation being undertaken companies in all sectors and they are very much a part of the new economy.
Posted at 02/1/2024 19:23 by eddystone
Renold is my biggest holding - have been accumulating since 19p and placed another bid today.Revenue and EPS are growing well, but it's slow. The pension liability has reduced because of rising rates, and will increase again, when rates fall. Although I'm overall positive, Renold is still fragile because any exceptionals can wipe out cash flow. I would like management and their financial PR to communicate its strengths much better such as its exposure (if any) to high growth industries like robotics, materials handling, battery manufacturing. I forecast its share price rise from 30p to mid to high 30s and it feels like it will consolidate here after today's sudden jump. Breaking 40p will be hard unless there is news we don't know.
Posted at 28/12/2023 18:04 by davidosh
I will announce them on the first trading day of January so the share prices are set at the right point. I always pick five for the StockChallenge. Currently I am in the top decile in the 2023 comp.
Posted at 11/12/2023 17:53 by davebowler
Master Investor-Renold (LON:RNO) – Not A League To Go Yet Just over a month ago, when the shares of this Wythenshawe, Manchester-based engineered products maker were down at 29p, I set a new Target Price of 36p. The recently announced Interim Results brought about profit estimate upgrades. Analyst David Buxton at Cavendish Capital has fixed a 38p Price Objective on the group's shares. He is looking for a small step back in sales for the current year to end March 2024, from £247.1m to £244.3m. However, he is expecting an increase in adjusted pre-tax profits to £19.2m (£18.6m), with earnings rising fractionally to 6.0p (5.9p) per share. The group's shares, which touched 35.59p last Thursday, closed on Friday night at 34.45p. I have absolutely no concerns about my latest Target Price being achieved very soon, possibly within days. (Profile 04.06.19 @ 30p set a Target Price of 60p) (Profile 08.11.23 @ 29p set a Target Price of 36p)
Posted at 20/2/2023 10:53 by thirty fifty twenty
hi all...

for me RNO is a very likely take over candidate.
i think any bid wold be at >40p+
and thus even if it happens on the last day of my 3 year time horizon, it will yield to me my portfolio target of 15% per annum.

my reasoning...
I think the stock market has valued RNO 'reasonably correctly',
is has moderate debt and a low share rating and thus despite being no 2 in an industry ripe for consolidation does not have the currency to do so.
secondly, the pension is a small theoretical risk. i trust the actuarially profession and calculations but thus by definition of the long term agreement the company will always have to 'overfund' to support the most conservative sceario. in reality this 'overfunding' will return to the company but only when the pension scheme winds down and thus that return is vaued very lowly by the market.

lets take these 2 risks if exactly the same business was part of a bigger business.
1 - those same profits £30m fcst ebitda profits (less the agreed £6m to pension) would be valued at 10 times in a multinational engineering business, and there could even be a premium rating as there was a chance for the number 2 player to consolidate a key industry as global manufacturing on-shores.

2 - firstly the 6m agreed is less material to a multinational thus it carries less risk, and secondly the longevity of a stable multi nationals is seen to be 'forever' as it is diversified and can continually re-invent itself to be around decades ahead. thus any 'over cautious' funding to the PF required by the conservative actuarial calculations is not 'wasted' CASH but just a long term savings plan.

thus to me the bid premium for RNO would be much higher than the average 35% typically seen in the market. indeed - smaller cap UK bids this last 18mths have averaged 50% premiums.

the other side is that if RNO can get some momentum then the returns as a solo business will be greater.

so an investor and risk/reward is see this as win/win
bid scenario is 15% per annum over 3 years (maybe earlier),
RNO pulls it off sees 20% share price growth compounding over 5 years,
my downside is that the RNO make a mess,
and i see this as quite low risk given the skill they have demonstrated to restructure and grow through the pandemic and pre.

All IMHO, DYOR + BoL
RO is in my top5 hldgs
Renold share price data is direct from the London Stock Exchange

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