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RNO Renold Plc

37.30
0.30 (0.81%)
Last Updated: 08:15:24
Delayed by 15 minutes
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.30 0.81% 37.30 36.00 37.40 38.00 37.30 38.00 58,991 08:15:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 247.1M 11.8M 0.0523 7.25 85.43M
Renold Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker RNO. The last closing price for Renold was 37p. Over the last year, Renold shares have traded in a share price range of 23.80p to 45.90p.

Renold currently has 225,417,740 shares in issue. The market capitalisation of Renold is £85.43 million. Renold has a price to earnings ratio (PE ratio) of 7.25.

Renold Share Discussion Threads

Showing 3101 to 3125 of 3675 messages
Chat Pages: Latest  135  134  133  132  131  130  129  128  127  126  125  124  Older
DateSubjectAuthorDiscuss
14/2/2014
15:01
"for free" just means you're happy to lose some of your hard earned profits, but don't mind losing your hard earned initial capital ;-)
ryandj2222
14/2/2014
09:59
I also like the recovery story. In 2010, I bought these at prices between 23.7p and 44.25p. Having sold more than half my holding recently , I will not rule out buying again . Meanwhile my holding is in there " for free ".
roddiemac2
14/2/2014
08:53
I like the recovery story, but it seems a little bit overvalued to me at the moment. Watching to get back in again... wish I'd stayed in now as initial buy was quite low.
ryandj2222
13/2/2014
21:00
SJC...yes, very pleasing....me to very very glad to be here from lower levels a few weeks ago.....punters and traders will be out today and tomorrow and then poised for the next leg up.....
bogotatrader
13/2/2014
20:12
Good results..wait 4 the action to start imo.very happy to be aboard.1st trade today 250k just above bid ?
sjc
13/2/2014
09:34
Hello puffintickler,

You are right; that has been evident for a couple of weeks.

I sold more today.

roddiemac2
13/2/2014
07:38
It looks to me like the market already knew.
puffintickler
13/2/2014
07:20
IMS Out - operating profits to beat market forecasts.....looking very good...

RNS Number : 9435Z

Renold PLC

13 February 2014

Renold plc

("Renold" or "the Company" or "the Group")

Interim Management Statement

Renold, a leading international supplier of industrial chains and related power transmission products, today issues its Interim Management Statement covering the four month period from 1 October 2013 to 31 January 2014 ("the Period").

The Group remains focussed on self help measures to drive continuous improvement in business performance and to support the cost of necessary future investment. As a result of improved underlying(1) order intake, contribution margins(2) , and overheads, the Board now anticipates that the adjusted(3) operating profit for the full year will be above the upper end of current market expectations.

Trading

Underlying Group revenue in the Period was down 1.3% compared to the same four months in the prior year with the Chain Division ahead 0.5% and Torque Transmission down 6.5%. This represents a slowing in the rate of year on year revenue decline which was 2.2% in the first half of the current financial year. The rate of revenue decline in Torque Transmission in the Period was similar to the first half. Underlying Group order intake in the Period was 3.8% ahead compared to the same four months in the prior year with both Chain and Torque Transmission delivering growth.

Contribution margins are steadily improving and the breakeven point in the Group is continuing to fall as self-help measures, including cost reductions, continue to deliver benefits. Working capital and capital expenditure continue to be closely managed and net debt remains in line with the Board's expectations.

The project to close the Bredbury manufacturing facility, announced in October 2013, and the resulting transfer of most of the production to other Renold sites, continues to progress well. The majority of equipment transfers and additions are now complete as are the related construction projects at the receiving sites. The Bredbury site is in a period of phased run down and the project remains on track to complete within budget by the end of June 2014.

There have been no other significant changes in the position of the Company since the publication in November 2013 of the interim results for the six month period ended 30 September 2013.
(1) The use of "underlying" excludes the impact of changes in foreign exchange rates.

(2) Contribution margin is calculated as the profit margin% after the deduction of direct variable costs.

(3) Adjusted operating profit excludes exceptional items and the costs of administering closed defined benefit pension schemes.

13 February 2014

bogotatrader
11/2/2014
20:33
SJC, yes that was nice volume today shortly after 9am.....
bogotatrader
11/2/2014
09:54
BogotaTrader chart targets just being highlighted.760000 'NT' trade @66.75 today may be helpful indicator 4 a move.
sjc
10/2/2014
20:54
SJC - lovely 1.2 million volume today supporting rises to come.....your 70p target pre IMS nearly reached and then onwards and upwards to your 90p target....
bogotatrader
10/2/2014
17:00
Sling shot of shallow bowl, have doubled up.Spoilt for choice but ceo buy of 1.5m and other dir. buys last year too good a signal.Nice to get out @ 90p imo. Always dyor.
sjc
07/2/2014
20:06
SJC...nice firm buying today with good move to over 65p....next week run should continue....
bogotatrader
07/2/2014
19:25
On track,always easy if ukx is moving up 2.
sjc
06/2/2014
21:04
SJC - 70p in within a week or so and then push to 90p by the end of the month would be fantastic.....
bogotatrader
06/2/2014
17:56
Would be nice to see 70p pre ims and 90p after.Very strong chart and golden X often signals start of multi yr trend imo.Many a slip cup and lip.Might be completely wrong so dyor always.
sjc
05/2/2014
20:43
good volume at 771k for the day with nice rise.....SJC like you said before heading to 70p pretty quickly.....
bogotatrader
05/2/2014
16:50
Can't believe the price! We will see next week I guess...
ryandj2222
05/2/2014
12:13
Maybe chart says they're doing better than the forecasts? We'll see from the IMS, last year it was on the 14th Feb.
mog
05/2/2014
10:52
NEW MULTI YR HIGH MACD POS. STRONG VOL AND IMS DUE.CAN'T DRAW PICTURES BUT LOOKS NICE TO ME.
sjc
04/2/2014
15:01
ryanj222---Volume yesterday was way above average , and there were three large trades totalling 868,600 shares.These trades are unlikely to be speculative: time will tell.
roddiemac2
04/2/2014
12:26
It seems overvalued to me at the moment, waiting to see what the IMS says before getting back in if at all.
ryandj2222
03/2/2014
21:53
up she goes.......
bogotatrader
03/2/2014
09:21
Breakout through 55p resistance, currently 57p. Strong eps growth forecasts 2.75p, 3.92p, 4.91p to March 2014, 15 and 16.
mog
31/1/2014
19:52
Saucepan....welcome onboard....you timing is good....IMS expected any time soon and the company has a roadshow next week.....could be a very nice run soon to much higher levels....
bogotatrader
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