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
  1.30 5.96% 23.10 1,194,974 16:35:23
Bid Price Offer Price High Price Low Price Open Price
22.20 24.00 23.00 21.40 21.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 189.40 8.20 0.80 28.9 52
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:39 O 6,361 23.44 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) 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 21.80p.
Renold Plc has a 4 week average price of 19.25p and a 12 week average price of 13.90p.
The 1 year high share price is 25.40p while the 1 year low share price is currently 6p.
There are currently 223,064,703 shares in issue and the average daily traded volume is 384,809 shares. The market capitalisation of Renold Plc is £51,527,946.39.
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
wigwammer: Sphere - you are aware there is a large pension deficit here, as well as a history of financial irregularities? I own both RNO (bought some as low as 4p) and CAR (where you have been dismissive because of the deficit). Seems rather inconsistent.
sphere25: Ok thank you Mesquida. Alot of that research is for non-small fish folk. Can't say I ever get any of the notes beyond the free sites. Companies should make more effort to have the research on their investor relations website so that the playing field does even up. Nonetheless, we can still give the institutional fund manglers more than a good run for their money. Price has now moved about 36% from when highlighted on the 4th Feb when the offer was 14.4p. Bid currently 19.6p. No surprises as to who has been lobbing in bits. Have some stale ones or some that don't work but a fair few of these rapid movers makes it all work. It's all standard practice and seen as I have a Masters in selling too early, you're all very lucky! 20p can be a psychological mark though price is well bid atm and we can see continued mopping up of shares by scrolling to the bottom of level 2 on advfn with another 1m mopped up at 18.81p. Longer term folk to reap all the rewards on the margin recovery? Not much long term DNA makeup here. Will keep looking to nip in and out. Onwards! All imo DYOR
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
thelongandtheshortandthetall: Reading back over the annual reports there is consistent talk of restructuring etc. Could 2020 have been the year for a step change in the co.s fortunes only to be assailed by the flu from the east. Has that given me, a new comer a truly wonderful opportunity to buy at unreasoned prices. I think it has. From what I can tell the co. Is indeed on the cusp of a change in fortunes. The buying out of the Chinese and Indian part owners plus the investment in better machines and progress towards a lower numbered and more efficient workforce tells me they most likely are. Couple the above expenditure with also drastically paying down debt says dosh is coming in. I usually steer clear of these industrial type businesses for all their labour issues and low returns on capital employed but this little beauty at this little market cap could be nice little earner for a year or two. If they really do have a recognised name in their industry they should be able to exploit this branding to great effect. The CEO has had 8 years to turn the business into a little gem. Is he on the brink of achieving this or is it more jam tomorrow. At this price and to be as far along in the restructuring I reckon it's worth a punt. Thanks to Paul Scott for highlighting RNO
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.
rburtn: This company is like the proverbial waggonloaad 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.
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.
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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