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
  0.20 0.76% 26.65 274,313 16:35:03
Bid Price Offer Price High Price Low Price Open Price
25.90 27.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 165.30 5.90 1.70 15.7 59
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:01 O 14,000 26.7944 GBX

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Date Time Title Posts
22/10/201308:15Renold: the recovery story1,817
16/6/200813:00Renold - Long way to go..-
21/11/200715:16Time to SHORT RENAULT.....3

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Renold (RNO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-24 15:24:0226.7914,0003,751.22O
2022-06-24 15:18:1327.0628,0007,578.14O
2022-06-24 14:57:3827.1075,00020,325.00O
2022-06-24 14:36:3926.7518,6464,987.79O
2022-06-24 14:20:2427.3051.37O
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Renold (RNO) Top Chat Posts

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 26.45p.
Renold Plc has a 4 week average price of 25.50p and a 12 week average price of 20p.
The 1 year high share price is 34.50p while the 1 year low share price is currently 18p.
There are currently 223,064,703 shares in issue and the average daily traded volume is 120,075 shares. The market capitalisation of Renold Plc is £59,446,743.35.
interceptor2: Strong trading update, all positive and no mention of supply chain issues, management are doing a very good job here, particularly with price increases before cost increases in raw materials. Make me wonder how the price touched 20p level.
tole: As a result of the stronger sales, benefits of cost reduction and efficiency programmes, and the successful implementation of price increases running ahead of raw material and energy cost increases, the Board is now expecting underlying trading profit for FY22 to be materially ahead of the previous upwardly revised expectations.
tole: going strong after 157 yearsInvesting in old companies isn't a guarantee of success. But, in my experience, businesses that have been trading for more than 100 years often have some attractive qualities. Renold (LSE: RNO) is one such firm. This business specialises in industrial chains and gearboxes - technology it's been developing and perfecting since 1864.Growth hasn't always been in a straight line. Major customers in the mining and construction suffer cyclical slumps from time to time. Demand for some products has changed over the years. I suspect the shift to electric power and renewable energy will create fresh challenges.Renold's revenue and profits have fallen over the last two years, in part because of the pandemic. However, half-year figures for the six months to 30 September suggest the business has returned to growth. Revenue for the period rose by 17% and adjusted operating profit was 41% higher.Broker forecasts suggest this growth should continue into 2022/23. With Renold shares trading on just eight times forecast earnings, I'd be happy to buy the shares for my portfolio.
tole: 1 stock I'd buy with £1,000 for 2022 and beyondKevin Godbold | Tuesday, 23rd November, 2021 | More on: RNO2022 new year concept image Image source: Getty ImagesWith its market capitalisation near £70m, Renold (LSE: RNO) is a small listed company. But I reckon the business may have a bright future.The firm makes industrial chains and torque transmission products which it sells worldwide. Customers include original equipment manufacturers, distributors and end-users in sectors such as manufacturing, transportation, energy, metals and mining.The directors can trace the history of the business as far back as 1864. However, the important thing is the immediate and longer-term prospects. And on that front, the news is good.Pleasing figuresOn 10 November, the half-year results report contained a robust and pleasing set of numbers. The directors pointed to "significant" growth in revenue, a "record" order book and "strong" cash generation. The cash performance helped the company reduce its net debt by £4.5m, to £13.9m.There's no doubt there's a large cyclical element to the business. So it's good to see the company using cash in the good times to reduce its borrowings. One of the features of the trading record is volatility in earnings from year to year. Therefore, I'd want the balance sheet to be as strong as possible heading into any general economic downturn.But there's little sign of weakness in the firm's markets right now. And, looking ahead, chief executive Robert Purcell said he's confident about the second half of the year, but "cognisant of the very volatile and inflationary world we operate in."Nevertheless, City analysts expect a double-digit percentage increase in earnings for the trading year to March 2023, hard on the heels of a triple-digit rise in the current trading year.Of course, estimates are not set in stone and it's possible for the business to fall short because of future operational challenges. However, with the share price near 30p, the forward-looking earnings multiple is just below eight when considered against those expectations. And, on the surface, that valuation looks undemanding.Preserving cashHowever, shareholder dividends are absent. And the company decided not to declare an interim dividend because of economic headwinds, such as the well-reported supply chain issues, raw material availability and inflation. The directors also cited "continuing investment in equipment and revenue expenditure to improve the performance of the business" as reasons to forego the dividend.But I reckon those are valid reasons for withholding the shareholder payment. The Renold business has undergone something of a transformation in recent years as it turned itself around. Part of the process involved shedding outdated and inefficient working practices among other things - no doubt those old inefficiencies were a consequence of the long history of the business.Now, the enterprise strikes me as fighting-fit for the modern world. It's trading well, earnings appear to be growing fast and I'm bullish about the general world economy. So I'm tempted to invest £1,000 in the shares. However, as outlined in this article, there are risks.
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.
scooper72: Hopefully it turns out to be a chance to top up at a reduced price.
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
mesquida: By the way, Sphere, i am told that Peel Hunt have a circular on Renold out today, have not seen it myself but apparently they are talking about the possibility of the company increasing market share by making acquisitions , and they have a share price target of 30p.
sphere25: Mesquida, There have been two sellers in size as per recent RNS with one selling a more substantial amount. It's always hard to say if they want to sell out completely or might be trimming down to a certain size. Nonetheless, we can all see the strong demand for shares here which will have significantly eaten through their holdings. The line of shares being fed in dried up yesterday afternoon into the close with buyers having to pay well through the offer - often a sign that sellers are clearing or at least have sold enough at particular price points to allow a rally higher. There was nothing available to buy this morning initially but looks like there are some now just under the offer of 18.4p at 18.35p. It should be an interesting watch in the near term to see if those big buyers keep coming into clear out any sellers or whether smaller buying can now shift the price. If the market buys the recovery story, particularly the margin recovery being touted, then clearly there is significant upside potential here. All imo DYOR
mesquida: So it looks like Tellworth have sold approx. 30% of their stake to the Church of England ( don't laugh, the Church of England Central Board of Finance has an impressive equity portfolio ), but what about the other ( approx ) 20 million shares that changed hands last Thursday. All very curious, but subsequent share price reaction ( or i should say lack of reaction ) suggests that there is nothing to get excited about.
Renold share price data is direct from the London Stock Exchange
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