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RNO Renold Plc

37.50
0.50 (1.35%)
28 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 1.35% 37.50 37.50 38.60 38.70 37.30 38.00 527,088 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 247.1M 11.8M 0.0523 7.27 85.66M
Renold Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker RNO. The last closing price for Renold was 37p. Over the last year, Renold shares have traded in a share price range of 23.80p to 45.90p.

Renold currently has 225,417,740 shares in issue. The market capitalisation of Renold is £85.66 million. Renold has a price to earnings ratio (PE ratio) of 7.27.

Renold Share Discussion Threads

Showing 3651 to 3675 of 3675 messages
Chat Pages: 147  146  145  144  143  142  141  140  139  138  137  136  Older
DateSubjectAuthorDiscuss
12/3/2024
21:52
I have previously posted the post below that I made on the Wincanton thread before the recent takeover and whenever the next triennial review of the Renold pension fund happens I expect we will see that the pension issue has disappeared or significantly reduced.

I continue to believe Renold is undervalued and am more than happy to continue to hold.

PJ84 26 Sep '23 - 09:01 - 2492 of 2543 Edit



some excerpts from the article: -

"It was the stock market surprise of the week: Wincanton, the trucking company, delighted investors on Wednesday by announcing that its staff pension scheme had dramatically swung back into surplus for the first time in decades.

The company would not now have to make previously promised contributions to the scheme of about £25 million a year for the next four years. And it was immediately released from restrictions on how much it could pay shareholders in dividends."

.....

"Like many UK companies with long histories, Wincanton had been the prisoner of defined benefit pension promises going back decades. It has a market value of about £400 million but until recently its pension fund was three times bigger with about £1.2 billion of outstanding promises to 12,800 current and former lorry drivers and warehouse workers."

pj84
12/3/2024
10:56
IMO the only reason the Pension Deficit is a problem is because we keep talking about (affecting sentiment) - a bit like the Princess' weekend family photo.....
tightfist
12/3/2024
10:15
I do not think the pension defecit is a problem and it was very well covered on the show...I think the issue is more that potential investors see it as a problem. Wincanton which also had a sizeable pension defecit has received multiple bids so clearly not a problem at all if being absorbed by a much larger entity.

The end result was that 64% of the audience rated Renold a Buy with 4% stating Sell, another 4% Avoid and 28% voting to Hold.

davidosh
12/3/2024
10:07
From interim results 16-Nov-202:-
IAS 19 pension deficit reduced by 29.6% to £61.3m (31 March 2022: £87.1m)

From interim results 15-Nov-2023:-
IAS 19 pension deficit reduced by 15.3% to £52.7m (31 March 2023: £62.2m).

Looks to be making good progress to reduce the long-term liability..

calougra2000
12/3/2024
08:39
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.
robsy2
12/3/2024
08:09
The Mello BASH got awfully bogged-down with opinions on the pension deficit (non?)aspect, overshadowed the global business and established brand IMO. Today's a new day...... let's see where the opening tick-up leads.
tightfist
08/3/2024
12:44
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.

melloteam
08/3/2024
11:15
Thanks Texas. I am working a small buy order in the middle, topping up.
sausage7
07/3/2024
16:35
I think its just a normal retracement back to where we saw the last high volume mid Jan 24, that's where new orders are likely to be imo. Providing we bounce from here then the move higher should continue hopefully, that's my take on it at least for now, gl
texaspete2
07/3/2024
11:56
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.
sausage7
07/3/2024
10:57
A read across here perhaps?
Premier Foods is the latest listed company to disclose a dramatic improvement in the health of its traditional pension scheme, reporting that promised payments of £66m into it would no longer be necessary.

robsy2
06/3/2024
14:56
I did same and it showed as a small. The last lot will be sold soon enough but the rest is a longer term hold
hopeful holder
06/3/2024
09:06
added a few more at a smidge over 40p. showing as a sell.
melody9999
05/3/2024
11:34
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
prokartace
27/2/2024
23:25
Just under 3 minutes so a very easy listen from 16.55 to 19.45
pj84
27/2/2024
18:52
Discussed on vox markets today where they still view this as under priced.
hopeful holder
19/2/2024
13:28
I'm happy with my 50% profit so far. The P/E is still far too low.
this_is_me
15/2/2024
16:12
An even greater sign is a rise today off the back of high volume, so looking good for now, gl
texaspete2
15/2/2024
15:56
Just tried a Dummy sell and offered higher than the bottom of the spread. That's always a quick pointer to demand as I haven't got L2. This does seem to be getting stronger and tempted to buy again.
hopeful holder
26/1/2024
16:40
I did wonder if this would hold above 40 pence and it seems to be doing so quite nicely. Other than a positive pension growth I am wondering what specific events need to happen to step this up and over 50penceAcquisition?Significant contract win?Investment fund buy in ?
hopeful holder
20/1/2024
03:04
Felix 99 I am a shareholder in Wincanton and posted this about the pension fund on 26 Sep 23.

"hTTps://www.thetimes.co.uk/article/pensions-boost-proves-that-every-cloud-has-a-silver-lining-jdb8b6vf0

some excerpts from the article: -

"It was the stock market surprise of the week: Wincanton, the trucking company, delighted investors on Wednesday by announcing that its staff pension scheme had dramatically swung back into surplus for the first time in decades.

The company would not now have to make previously promised contributions to the scheme of about £25 million a year for the next four years. And it was immediately released from restrictions on how much it could pay shareholders in dividends."

.....

"Like many UK companies with long histories, Wincanton had been the prisoner of defined benefit pension promises going back decades. It has a market value of about £400 million but until recently its pension fund was three times bigger with about £1.2 billion of outstanding promises to 12,800 current and former lorry drivers and warehouse workers."

As it happens they jumped 50% today on an agreed bid for the company.

pj84
18/1/2024
16:03
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?

tiswas
18/1/2024
09:07
The Group's IAS 19 deficit decreased from GBP61.3m at 30 September 2022 to GBP52.7m at 30 September 2023. (This is from their own report).So it's a big gap but being managed and coming down. It's declared and under control.I see this as already priced into the current price and probably overdone.40p would be a great barrier to break and I did not think it would be this quickly. Any fund buying into this know they are getting a great opportunity now that they have a strong management leading this company. Best of luck to all shareholders.
hopeful holder
18/1/2024
09:00
I've heard people say that all the way up from 8 pence, Felix. I suspect if it wasn't for the pension liability, the current market cap would be considerably north of £200m, as opposed to the £90m now... ie it's already in the price (and then some)
wigwammer
18/1/2024
08:39
cant see anyone bidding with pension scheme there as a poison pill ?
felix99
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