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 Shares Traded Last Trade
  -0.40 -2.76% 14.10 95,770 08:57:03
Bid Price Offer Price High Price Low Price Open Price
14.10 15.00 14.10 14.10 14.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 189.40 8.20 0.80 17.6 31
Last Trade Time Trade Type Trade Size Trade Price Currency
10:07:45 O 5,000 14.59 GBX

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Date Time Title Posts
22/10/201307:15Renold: the recovery story1,817
16/6/200812:00Renold - Long way to go..-
21/11/200715:16Time to SHORT RENAULT.....3

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Renold Daily Update: Renold Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker RNO. The last closing price for Renold was 14.50p.
Renold Plc has a 4 week average price of 11.60p and a 12 week average price of 9.35p.
The 1 year high share price is 18p while the 1 year low share price is currently 4.40p.
There are currently 223,064,703 shares in issue and the average daily traded volume is 1,292,045 shares. The market capitalisation of Renold Plc is £31,452,123.12.
rburtn: This company is like the proverbial waggdisabled 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
mesquida: Nico, i would not describe it as a spike, but at the time the price did move up a couple of pennies before re-tracing. What surprised me is that the price hardly moved on the recent encouraging interim report, and we had to wait a week before any real buying interest appeared. What will be interesting now is whether the recent buyers go on, and if so whether M&G carry on supplying them with stock. It may he that M&G just let a few go so as to stimulate buying interest, and they are now happy to hold onto the rest of their holding , in which case things could get quite squeezy.The stock after all is clearly cheap, with broker share price targets as high as 30p.
nico115: What price did Purcell pay ?
mesquida: Yes, looks like M&G are going all the way down to zero, but hopefully they are professional enough to know that they have to sell into strength, rather than just cratering the price. I understand that their sale is as a result of a recent change of fund manager ( how often do we hear this with small caps ) , seems that the new man does not like Renold, or perhaps he has not even bothered to aquaint himself with the story, whatever, for me Robert Purcell's recent purchases speak louder than the actions of any City fund manager ! But what a shame that the City cannot value this properly, it is leaving us wide open to a low ball offer, which whilst it might be a welcome boost in the short term would certainly not be doing us any favours if we can think in terms of the world ecónomy past Covid.
jailbird: Mes,Right about M&G reducing further .Good news their holding has found a buyer . Will hear about that holding RNS at some point Plus the price is much higher , very positive
mesquida: Yes,i am watching the price, but i am more convinced than ever that M&G are continuing to feed the market. Expect another RNS from them early next week because for sure they will have passed through another percentage level if, as i suspect, they have let another 2 million go yesterday/today. Of course the stock is cheap, no question about that, but if M&G want out it is difficult to see the price making meaningful progress short term, but once they are out then we should see a fairly swift re-rating.
stockjunkie11: IMO RNO RIP pep talk never helped to increase the value :) I'm out, help yourself
wigwammer: But that's not a very well substantiated comment, when EPS post retirement costs was 2.9p last year. In all likelihood, without covid, we would be looking at a high quality business trading at sub 3x earnings this year. Little wonder therefore that historically, RNO has traded at many multiples of the price we see today - and will in time return there again.
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
Renold share price data is direct from the London Stock Exchange
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