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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
|
|
|---|---|---|---|---|
| 0.10 | 0.21% | 47.40 | 16:35:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 47.00 | 47.00 | 47.70 | 47.40 | 47.30 |
| Industry Sector |
|---|
| INDUSTRIAL ENGINEERING |
| Top Posts |
|---|
Posted at 20/11/2024 18:37 by pj84 Just listened to the investor presentation and Renold continues to be a very strong hold for me and I believe it is undervalued and today's price action was an overreaction which coincided with a market wide down day.They talked about, the as yet unknown Trump Tariffs and they aren't concerned due to the wide geographical spread of their businesses and in particular their flows from China to the US are a very small part of the overall business which already have high tariffs and as mentioned above they see the recently acquired Mac chain business with a presence in the US to offer opportunities depending what Trump finally decides. They are keen to continue their acquistion strategy with the next possible acquistion in Europe and they expect the acquisitions to enhance margins towards the mid-teens as their central costs become a smaller proportion of the business. They don't have a set policy to increase the dividend and will take into account other uses of the cash at each year end but it seems likely there will be a year end dividend at the same or slightly higher level. |
Posted at 19/7/2024 12:06 by farnesbarnes Between well remunerated directors, and blatantly crooked MM's I'm amazed that private investors can turn a profit in some stocks.Classic tree shake, this was down 7% at one stage today. Mind you, it could still end the day 10% down... |
Posted at 19/7/2024 07:45 by melody9999 errr they reported record results just 2 days ago but I believe that was a signal for some holders to trim their positions. then looks like a bit of panic selling setting in.IMV this is a buying opportunity for investors - so I put my money where my mouth is! Its cheap! |
Posted at 18/7/2024 16:32 by tiswas I havent been able to listen to the Investor call yet, I am hoping it is available somewhere.If anyone did listen were there any question about the options and any difficult questions that would explain the share price reaction? |
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 09/7/2024 18:36 by swiss paul Renold, a leading international supplier of industrial chains and related power transmission products, is pleased to announce that the Company will conduct a live presentation and Q&A session for investors on the same day as its results for the year ended 31 March 2024 are released, 17 July 2024, at 5.30pm BST.This session is open to all existing and prospective shareholders. Those who wish to attend should register via the following link and they will be provided with access details: hxxps://us02web.zoom Participants will have the opportunity to submit questions during the session, but questions are welcomed in advance and may be submitted to: renold@investor-focu |
Posted at 04/6/2024 11:18 by davidosh I will try to get Renold onto one of our Mello investor shows after the results |
Posted at 17/5/2024 08:57 by mabelf1 Placing inbound imo.Recent investor site tour + two half baked RNS after years of radio silence = ……. |
Posted at 02/5/2024 16:42 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 15/4/2024 11:24 by sausage7 Thanks for the note Essential. What I am driving at is the rating on this company and many others which investors ascribe. There has been a general derating on UK listed companies making them vulnerable to take over/take private. Renold which is clearly having a renaissance in its fortunes is a victim of this investor neglect. Let’s hope we and they continue to make progress. |
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