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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Renold Plc | RNO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.80 | -1.44% | 54.60 | 16:35:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 56.00 | 54.20 | 56.00 | 54.60 | 55.40 |
| Industry Sector |
|---|
| INDUSTRIAL ENGINEERING |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 17/07/2024 | Final | GBP | 0.005 | 08/08/2024 | 09/08/2024 | 17/09/2024 |
| Top Posts |
|---|
Posted at 02/10/2024 12:40 by hopeful holder Having had a Quick Look at stockopedia, they have a stock rank of 99 so rated well.Maiden dividend etc. I'm going to look at this again (already hold) with a view to see if this could be another buy opportunity as a shorter term trade. |
Posted at 10/9/2024 09:54 by fillipe RNO - new tp is 86p.f |
Posted at 10/9/2024 08:43 by melody9999 Nice acquisition.I remember when meeting Robert / Jim ....that they mentioned the benefits of acquisition including the people - they had adopted 1 or 2 processes from a previous acquisition which enabled cost savings. So good to see the MAC managment team will be joining RNO, and apart from the increased earnings and cross selling opportunities, we could also see efficiency gains. |
Posted at 09/9/2024 13:00 by gamwah This was tipped in share magazine recently. Snippet from that : The potential for double digit profit growth and increasing cash many reflected in RNO lowly seven times P/E |
Posted at 09/9/2024 10:39 by hopeful holder I'm expecting this to go to previous highs and a sell off again unless we get some a decent wedge of news. In which case.. honestly.. Once we get past that I have no idea on share price but I am sure that RNO had a target price over 70p.Given the fragmented market, I would like considerations for buying out other business in the market which would fit into RNO's current business model / market. |
Posted at 19/7/2024 07:21 by melody9999 added just now. considering RNO are such a stable company, amazing price volatilitycavendish price trarget 75p or c 50% above current price |
Posted at 18/7/2024 17:40 by mirabeau Renold (LON:RNO) – Record 2024 Profits Leading To Further Global Growth And First Dividend Payment For 19 YearsBased in Wythenshawe, Manchester, this £125m capitalised group is the world’s second largest industrial chain maker, with a 10% market share. With over 150 years of history since Hans Renold invented the chain, today the group is selling to over 100 countries globally. Internationally it serves the agriculture, forestry and fishing, construction and machinery, energy, environmental, food and drink, manufactured products, material handling, mining and quarrying, and transportation industries. For manufacturers Renold is a premium supplier of high specification, sustainable, Industrial Chain and Torque Transmission product that facilitate others to achieve operational needs more reliably and with lower total cost of ownership, its products whilst critical are a small part of the total cost. I consider that its shares are substantially undervalued at the current 57p. Yesterday’s announcement of the group’s record results for the year to end March 2024 showed that despite a slight fallback in sales, down 2.3% to £241.4m (£247.1m) its adjusted pre-tax profits were up an impressive 18.8% at £22.1m (£18.6m), with earnings 20.0% better at 7.8p (6.5p) per share. Not only were those a good set of figures but the company also declared its first dividend since 2005 – 0.5p per share. Furthermore, although the company continues its selective growth by acquisition, the net debt has actually fallen £4.9m to £24.9m. The £120m capitalised group has also been investing more capital into improving its efficiency, productivity and capability at its manufacturing locations. It has started this current year from a positive position with good momentum and confidence in the capabilities and fundamentals of the markets that the group serves. Yesterday morning I chatted for a while with CEO Robert Purcell, who sounded extremely positive about the group and its medium-term prospects. “I am pleased that the Group continued to perform strongly throughout the year reflecting the hard work, strategically, commercially and operationally, that has been undertaken over recent years by our employees across the world. The business is now at an inflection point where we are starting to see the compounding impact of the many recent exciting initiatives as they come to fruition. We have a very clear strategy and are executing it diligently. Our continuous improvement initiatives are building an increasingly efficient, productive and resilient business and are providing an ever-improving platform to support our commercial initiatives.” Analyst David Buxton at Cavendish Capital Markets is very bullish about the group’s prospects too – upping his Price Objective from 65p to 75p a share. I think that is too conservative. His estimates for the current year are for £243.2m sales, £22.8m profits, earnings of 7.1p and a similar dividend payment of 0.5p per share. For the year to end March 2026 he sees £248.5m revenues, £23.8m profits, 7.3p earnings and another 0.5p dividend per share. In my view these shares at 57p are too cheap, especially considering its global market position, its record results, its return to paying dividends for the first time in 19 years and that they are trading on only a price-to-earnings ratio of 7.8 times. An excellent investment purchase now for growth over the next few years. (Profile 04.06.19 @ 30p set a Target Price of 60p*) (Profile 08.11.23 @ 29p set a Target Price of 36p*) |
Posted at 16/7/2024 16:44 by eddystone Interesting price action today as some taking profit from the strong recent run up. But as it's already 10% off recent highs, also some healthy buying (including me). Good size (for RNO) both sides of the market with easily £50k's worth on the bid and the offer which is unusual. I'm guessing that as it's quite illiquid, market makers want to keep flattish unless they know things we don't. Awaiting update tomorrow with curiosity. |
Posted at 15/7/2024 08:14 by davebowler MAster Investor-Renold (LON:RNO) – Heard It Before? An Excellent Chain Story On Wednesday of next week (17th) the leading international supplier of industrial chains and related power transmission products will be announcing its Final Results for the year to end March 2024. Way back in mid-April the company informed investors that it had seen a continuation of the strong H1 momentum and that the results for the full year were now expected to be materially ahead of current market expectations, with adjusted operating profit approximately 20% higher than the prior year, driven by a further improvement in margin. It also noted that it had continued to strengthen its financial position, which provides funding capacity to support its strategic growth objectives. Those objectives include investment to further enhance operational capabilities and also for value-accretive acquisitions from its developing pipeline of opportunities. Analyst David Buxton at Cavendish Capital Markets had a Price Objective of 58p, which I feel continues to be too conservative. His estimates for the results are for revenues of £241.4m (£247.1m), but with adjusted pre-tax profits having risen to £21.7m (£18.6m), increasing earnings to 6.6p (5.9p) per share. For the current year Buxton looks for £243.2m of sales, with £22.7m profits and earnings of 6.8p, enabling a dividend of 0.4p (nil) per share. I really like this £124m company’s shares – they are under-rated by the market at the current 59.40p. They have recently been up to 66.80p and will soon be over that price very soon. |
Posted at 24/6/2024 14:36 by greyingsurfer RNO is not a massively liquid share. It's still up 30-40% on April. Without doubt profits have, are, being taken. It's a long way up over 3-4 years. I doubt there s any more sinister explanation for the pull back. As I said a couple of weeks back I sold half my holding to bank some profits. But I still hold half, and I'm reasonably confident that we will have selling opportunities higher than the recent peak within a year. As the pension debt gets reduced and hopefully dividends restart I see real possibilities of a rerating. |
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