Renold Dividends - RNO

Renold Dividends - RNO

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Stock Name Stock Symbol Market Stock Type
Renold Plc RNO London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-0.35 -1.23% 28.00 16:35:10
Open Price Low Price High Price Close Price Previous Close
28.00 28.00 29.20 28.00 28.35
more quote information »
Industry Sector

Renold RNO Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

rburtn: Considering the fact that over the last four years rno have retained profit equal to half its current market cap, some good news is very much overdue as to just what they did with that 25 million.
thirty fifty twenty: great post sphere. generous of you to articulate. sounds like i am of similar mindset to you, with both RNO + CAR. without repeating too much of what you said, i agree both have the potential to multi-bag in their own right but both defo not without risks. both could thus also be take-over targets. however, also agree that the short term price is reflecting short term balance of buyers of sellers. and think your clarity on strategy is wise advice... do what works for you etc... i have banked in both CAR + RNO but best wishes to all holders in both
wigwammer: Sphere - you are aware there is a large pension deficit here, as well as a history of financial irregularities? I own both RNO (bought some as low as 4p) and CAR (where you have been dismissive because of the deficit). Seems rather inconsistent.
thelongandtheshortandthetall: Reading back over the annual reports there is consistent talk of restructuring etc. Could 2020 have been the year for a step change in the co.s fortunes only to be assailed by the flu from the east. Has that given me, a new comer a truly wonderful opportunity to buy at unreasoned prices. I think it has. From what I can tell the co. Is indeed on the cusp of a change in fortunes. The buying out of the Chinese and Indian part owners plus the investment in better machines and progress towards a lower numbered and more efficient workforce tells me they most likely are. Couple the above expenditure with also drastically paying down debt says dosh is coming in. I usually steer clear of these industrial type businesses for all their labour issues and low returns on capital employed but this little beauty at this little market cap could be nice little earner for a year or two. If they really do have a recognised name in their industry they should be able to exploit this branding to great effect. The CEO has had 8 years to turn the business into a little gem. Is he on the brink of achieving this or is it more jam tomorrow. At this price and to be as far along in the restructuring I reckon it's worth a punt. Thanks to Paul Scott for highlighting RNO
tomps2: Renold (RNO) on the Stockopedia / Piworld February 2021 StockSlam. Paul Scott’s thoughts from 29:13. Video - Https:// Podcast - Https://
sphere25: How quick do buyers jump in on these exchanges! I wasn't going to buy here without a further look in but taken a small speculative position as a short term play, just in case it does breakout and runaway. Previous moves show how it can motor once it gets going. We can also see the breakout potential on the chart IF it can clear 15p. IF it didn't and went stale, the bid was 13.8p (WNTS were sat there before the large exchange) so an exit around there with a small loss, no drama - move onto the next one. IF that order at 14.9p (32222) on the offer gets taken out, the 15p will get cleared too. That seller at 14.9 currently will most likely be the one holding this back - key to the breakout imo. 27.7m seller? Appears to be one of these two: Tellworth Investments (London) 30,124,498 13.36 Rights and Issues Investment Trust (Regional (England)) 30,000,000 13.31 Buyer? Who knows. Someone reputable and it makes it more interesting. All to be revealed. The interesting aspect from long termers perspective is that someone has clearly decided that the confidence in the future of the company is there to come in and pick up 12% of the company. You don't often see a move of that magnitude. I remember it in PRES, but can't recall too many others. PRES moved really well afterwards. Can RNO breakout? All imo DYOR
sphere25: 27.7m print - that's a whopper! More than 10% of the company. Book is thin here so a hard one to read the next price move on a large exchange like that but a noteworthy one. RNO clearly run into numerous issues in recent times, including pre-covid. Risky one. All imo DYOR EDIT: There is some buying coming in on the back of that monster exchange so just keep an eye on that recent high. IF it went through there then there could be a bullish move here.
rburtn: This company is like the proverbial waggonloaad of rotting fish, it's for trading, not eating. My first purchase of rno was over 15 years ago. It was once worth ten times as much as the current price with divi c. 5p a share - of which I received just three payments. From there it has been downhill nearly all the way. However, my average buying price is 8.65p. Not a buy and hold then - or will the CEO prove me wrong? He obviously thinks it is, either that or it is his expensive toy. With a potential boost from off-loading the pension fund - and that seems to have gone very quiet - perhaps he will be proven right. It isn't going to be easy though, the shrinkage of the company has left the preference share owners with a proportionately greater dividend call, a significant burden weighing it down. That might explain the disappearance of the years of retained profit from company value - and why some allow this situation to continue. So you are left with AIM benefits - but you have to die first.
thorpematt: I note that in 2015 RNO launched its "step 2020" plan. with "ambitious growth plans over the next 5 years." (Their words not mine). The question is what happenned? Over that 5 year period there has been: Revenue growth >1% CAGR EPS down ROCE down Book Value down I recognise the difficulty of having such a high Pension Defecit but even taking that into account I'd have to question what exactly has been achieved and therefore whether the management team is doing shareholders justice. As I am new to this share I would apreciate any views which could counter-balance my negativity in this partiular regard if anyone has anything to offer? Also, there seems to be very little on offer presentation-wise and scant broker's info. to boot? Apologies to any holders here for the negative tone. I am vieing this as a possible long position, so my agenda is not in any way a sinister one. TIA
thirty fifty twenty: Luzley - thanks for the posts. could you help with a couple of questions please: 1 - my notes say pension deficit payments are 6m, but then they also say 3m. not sure why i have 2 figures - do you know which is correct? 2 - have they stated their position re Gvt CASH? i.e. how many staff were furloughed? do they have significant deferred tax or VAT 3 - i am assuming you are a sizeable investor, so as a chartist, I am a little surprised that your recent buying and even that of the CEO has not caused a larger price rise in recent weeks. the small cap market is quite bullish at the mo and in my experience trying to get stock in these recoveries is difficult withour forcing the price up. to me, so far, it looks like there are still a fair number of people will to sell RNO at these prices. i think you are right about the long term potential with RNO but i'm hesitant to start investing until have more certainty that the sellers are cleared. many thanks if you can helpmwith above All IMHO, DYOR + BoL disc: RNO - no position
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