Renold Share Discussion Threads

[jaf111] 14/11/2022 14:05

Very doubtful about an interim divi but possibly they could hint at a return to a divi if the ‘strong momentum” reported in the Sept update continues for the remainder of the year…..

[coolen] 14/11/2022 13:09

Needs to return to the dividend list from its recently reported "strong cash generation". Er....when was the last dividend ?

[jaf111] 14/11/2022 11:11

Interim results on Wednesday…..🤞🤞9310;

[hardupfedup] 14/11/2022 11:00

moving up slowly

[petewy] 05/11/2022 18:24

It's not "no interest," it's no news to comment on.

[retsius] 05/11/2022 07:47

No interest in this stock by the punters.

High sales yesterday.

Rather strange, given managements upbeat guidance.

[interceptor2] 06/9/2022 09:58

Agree the update is rather positive, Interims will be interesting in November. Have an initial small holding here and might add some before Interims on likely general market weakness.

[this_is_me] 06/9/2022 08:31

A very positive trading update making the company look even more seriously undervalued.

[tole] 10/8/2022 19:31

https://www.fool.co.uk/2022/08/10/should-i-buy-this-dirt-cheap-penny-stock-for-growth-and-returns/Should I buy this dirt-cheap penny stock for growth and returns?This Fool delves deeper into a penny stock that could be primed to grow and provide lucrative returns in the long term.Jabran Khan?Published 10 August, 4:45 pm BSTRNOMiddle-aged white man wearing glasses, staring into space over the top of his laptop in a coffee shopImage source: Getty ImagesIdentifying the best penny shares that could go from diamonds in the rough to a lucrative stock providing consistent returns is a key part of my investment strategy. One penny stock I am currently considering is Renold (LSE:RNO). Should I buy the shares for my holdings? Lets consider the pros and cons to help me decide.Industrial chainsAs a quick introduction, Renold is a UK-based manufacturer of industrial conveyor chains as well as other machine components. With a worldwide presence, it serves many industries including but not limited to agriculture, construction, energy, and mining.It is worth remembering that a penny stock is one that trades for less than £1. At current levels, Renold shares are trading for 24p. At this time last year, the stock was trading for 19p, which is to a 26% return over a 12-month period.To buy or not to buy?So what are the pros and cons of my buying Renold shares?FOR: I'm buoyed by Renold's history, presence, and profile, especially as a penny stock. The business has history stretching back to the 1800s and has impressively grown into a worldwide business. In fact, it derives most of its revenue from the Americas, and also serves the Chinese market too. Another plus point for me as a potential investor is that Renold has diversified its business model through offering a number of different flagship products. All of these products have multiple applications across a wide range of industries. This diversification could help boost performance and potential returns over time.AGAINST: Current macroeconomic headwinds could pose a real threat to Renold's growth and performance. Soaring inflation, the rising cost of raw materials, as well as the supply chain crisis could all have an impact. Rising costs could affect profit margins. Supply chain issues could have an impact on operations too. This is something I will keep a close eye on.FOR: At current levels, Renold shares look dirt-cheap on a price-to-earnings ratio of just five. If I were to open a small position in the penny stock, I would not be risking too much of my cash.AGAINST: One thing I did note from recent trading updates provided by Renold was the absence of a dividend. It said it is anticipating cost challenges linked to the macroeconomic headwinds noted above. Furthermore, it is investing cash in streamlining processes and working practices to support longer-term growth. I do believe Renold could pay dividends at some point in the future, however.A penny stock I would buyTaking into account the pros and cons, I would be willing to add a small number of Renold shares to my holdings. The shares look cheap, so I wouldn't be risking too much money. Furthermore, city analysts are upbeat on the company's earnings growth expectations in the coming years too. I believe Renold shares could provide stable returns in the long term as the business continues to grow.

[this_is_me] 04/8/2022 07:12

That looks like a really good acquisition and it seems that there are other possible ones in the pipeline.

[davebowler] 22/7/2022 14:25

IC mention this week -

Broker Peel Hunt expects adjusted earnings per share to be flat over the next 12 months. Although the size of its order book increased and it has so far managed to pass through higher costs to customers, both supply chain challenges and inflation levels remain elevated. For Renold, the latter could actually be useful in terms of its pension liabilities if bond yields continue to climb. We upgrade to hold from sell on the back of its improving financial position, even if the prospects for its end markets remain uncertain.

[rburtn] 18/7/2022 05:48

My take on Renold is not good for the P.I. who, thanks to this country's version of democracy and adversarial system of justice is powerless to set matters aright and can only just walk away if he doesn't like it.

In the last four years, Renold has retained 27m profit, more than half its market cap!, yet that market cap remains stuck, even less, that it was before all this 're-invested' capital was applied.

There can only be a few explanations.

a) the money has been embezzled

b) it has been frittered away on purchases from possibly connected interests to no purpose whatsoever

c) the directors are a disaster on making investment decisions

d) the old scapegoat - pension deficit. Given that all pension schemes operate to the same rules that for an oily rag workforce must be in surplus compared with a bureaucracy and it should be big.

e) the market has got it all wrong.

Take your choice but for me, this company is for trading, not one in which you would invest.

[ga_dti] 14/7/2022 10:10

Latest CEO interview with DirectorsTalk talking through the results highlights, what's driven revenue and profit growth, record order-book and ‘STEP 2’ -

[tiswas] 13/7/2022 17:59

interceptor2

You are quite right, no new news, but I still think that if some financial whizzkids can sort out the pension then this is a sitting duck for a t/o.

[interceptor2] 13/7/2022 17:10

Will have to wait until the AGM update in August when the share price is likely to rise if the update is positive, results were already known from the last trading update.

[tiswas] 13/7/2022 11:47

Jeez, down on day. I give up! Going to be taken over if they remain this cheap.

Imagine what it looks like to a $ buyer?

[royaloak] 13/7/2022 09:57

I had held another manufacturing company which I really like, but dropped it as it was treading water and not moving upon up days in the market, SFR.

SFR I assume massive costs with energy in the steel sector and assume RNO may be similar on the forging side of chain with , but I may not be too up to date as others on here about these costs?

Also to a certain extent todays' figures may suggest my assumptions are wrong?

[thorpematt] 13/7/2022 09:02

royaloak,
Yes, I was going to post very similar. Looks good.

Well done to those of you who have either held on, or bought in at the lows!

[royaloak] 13/7/2022 08:47

Morning

RNO not in nowadays, not too keen on manufacturing because of cost inflation, but impressed with the results, watching closely.

[fillipe] 13/7/2022 08:33

Excellent RNS today from RNO.
The share price should up 10p! ... not just the 1p which I'm seeing.

f

[this_is_me] 13/7/2022 08:18

Yes, good progress despite the difficulties. Debt reduction is important with generally rising interest rates unless there is a very good acquisition opportunity.

[interceptor2] 13/7/2022 08:01

Impressed by how well they have navigated through all the supply chain issues and cost increases, management have run the company very well.

Good to see continued debt reduction and reduced interest payments, a dividend would be appreciated but happy if they continue to invest in growth and continue to report strong results. Hopefully we will see the benefits in a higher share price.

[jaf111] 13/7/2022 07:21

Quite a lot of good stuff....record order book & debt reduction being the highlights IMO

[retsius] 12/7/2022 12:04

Absolutely zero interest in this stock.
We shall what tomorrow brings .
R.