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RNO Renold Plc

53.80
3.00 (5.91%)
08 May 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
  3.00 5.91% 53.80 912,208 16:35:10
Bid Price Offer Price High Price Low Price Open Price
52.20 53.40 54.60 51.80 52.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 247.1M 11.8M 0.0523 10.21 120.37M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:45 O 50,000 53.00 GBX

Renold (RNO) Latest News

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Date Time Title Posts
08/5/202415:18Renold1,829
04/9/201916:54RNO-
22/10/201308:15Renold: the recovery story1,817
16/6/200813:00Renold - 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
2024-05-08 16:37:4553.0050,00026,500.00O
2024-05-08 16:08:1453.50168,00089,880.00O
2024-05-08 15:35:1053.8012,0206,466.76UT
2024-05-08 15:23:2553.143,7551,995.48O
2024-05-08 15:15:0452.8615,8738,389.83O

Renold (RNO) Top Chat Posts

Top Posts
Posted at 08/5/2024 09:20 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 50.80p.
Renold currently has 225,417,740 shares in issue. The market capitalisation of Renold is £120,373,073.
Renold has a price to earnings ratio (PE ratio) of 10.21.
This morning RNO shares opened at 52.40p
Posted at 08/5/2024 14:40 by this_is_me
I'm really delighted by the rise in the share price over the last 6 months or so. Patience has been rewarded.
Posted at 02/5/2024 17:42 by davebowler
Master Investor -
Yesterday this industrial chains and torque transmission products group products, which are used in a wide variety of industries including manufacturing, transportation, energy, steel and mining, announced a £10.6m contract with the Royal Canadian Navy.

The order for flexible couplings for the Canadian Surface Combatant ships, with other military work recently awarded, means that Renold’s military order book has increased by £13.1m, over recent months.

CEO Robert Purcell stated that:

“I am delighted that Renold are working with Irving Shipbuilding Inc on the next generation of Canadian warships.

The award of the Canadian Surface Combatant contract builds on the success of our naval flexible couplings business which is already working on the British and Australian naval programmes and this success underpins our belief in the Renold Hi-Tec product range.

This excellent long-term contract will further reinforce our Couplings business performance and shows the on-going benefits of our product development strategy combined with our manufacturing and engineering excellence.”

In the middle of last month analyst David Buxton at Cavendish Capital Markets raised his Price Objective for the group’s shares from 58p to 65p.

For the year to end March he is looking for the group to report revenues of £241.4m (£247.1m), while adjusted pre-tax profits could be £21.7m (£18.6m), lifting earnings to 6.6p (5.9p) per share.
Posted at 01/5/2024 10:36 by greyingsurfer
Not a new market. The ships being replaced used the same RNO kit! But I guess military orders may be seen as a vote of confidence?
Posted at 01/5/2024 08:08 by swiss paul
Contract Win



Renold (AIM: RNO), a leading international supplier of industrial chains and related power transmission products, is pleased to announce that Renold Couplings, part of the Company's Torque Transmission division, has been awarded a contract to manufacture flexible couplings for Batch 1 of the Canadian Surface Combatant ships for the Royal Canadian Navy, worth £10.6 million. This contract, together with other military work recently awarded, means that Renold's military order book has increased by £13.1 million, over recent months.



The contract, to be delivered over the next six years is for flexible couplings, which are an important component of a ship's propulsion system and form part of Renold's Hi-Tec range of couplings, which are supplied worldwide for large marine and industrial projects.



The Canadian Surface Combatant ships will be built by Irving Shipbuilding Inc in the Halifax Shipyard, Nova Scotia. The contract award represents a significant extension of the Group's collaboration with Canada in supplying flexible couplings for naval vessels. The Canadian Surface Combatant will replace the Halifax class warships which also used Renold Flexible Couplings. Manufacture of the flexible couplings for the Canadian Surface Combatant is anticipated to commence mid-2024 in Renold's Cardiff facility.


NIIICE
Posted at 26/4/2024 09:10 by this_is_me
After the march dip the share price is seriously on the up again.
Posted at 17/4/2024 16:34 by davidosh
The share price is on fire this afternoon....Is that linked to the Signet investor site visit I wonder?

Any reports from on site?
Posted at 15/4/2024 13:12 by davidosh
I guess the most important question is how much higher can these earnings go. Renold will continue to get re-rated steadily if this 20% growth in profits can continue and it also looks like a dividend is on the cards.

The broker says...

We raise our Target price from 58p to 65p, offering significant upside with the shares trading on a P/E of 5.9x, which looks too low given recent upgrades and sustainable cash flow improvements.

That is more than 50% higher than where the share price is now and the order book is not discretionary spend as these are critical engineered items
Posted at 15/4/2024 12:06 by essentialinvestor
Just for a bit of context ..

the RNO share price traded around 60 pence in early 2006. It then climbed rapidly in to the spring/summer, 2007 - the pre GFC peak.

In FY 2007, adjusted EPS of 8 pence a share. Debt under £20 million.

So although I fully accept the point on arguable undervaluation, at the same time earnings have 'not increased' in 17 years. They are effectively now at 2007 levels.

The above is obvs being Highly selective with dates, you could equally look at more recent progress, etc.
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 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)
Renold share price data is direct from the London Stock Exchange

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