Renold Share Discussion Threads

[anusol] 11/4/2018 10:11

Quiet forum but I wonder where this is going to bottom out or just down and out?

[arthur_lame_stocks] 10/3/2018 11:38

I still think they're not worth it just because of the huge pension fund deficit. I don't know if they're paying in to reduce this but it would take 10-20 years profits to clear it. I guess the pension fund may take care of itself in time but at the moment this as an investment looks like a total waste of time to me at any price.

[shoee62] 19/7/2017 10:43

It sounds reasonably positive, quiet at the moment.

[sphere25] 19/7/2017 08:39

Buying here this morning.

At this stage, underlying revenue growth of 6.6% is ahead of the forecast for the year of about 4.9% revenue growth. Abit early to come out with an ahead statement, but with trading so strong, upgrades look realistic imo.

Very reassuring statement with growth picking up nicely in the larger Chain division: "volume growth across all major chain territories". Smaller Torque Transmission division also stabilising with a small amount of growth, and overall order intake also picking up well.

Stock is about 20% off its recent high - market was happy to bid it up to 64 before todays statement.

Book is well bid this morning which bodes well to at least test that resistance around 54. If we can break that, then looking for a re-test of that high at 64 now that the market knows trading has been strong with potential upgrades to come.

All imo

[shoee62] 26/4/2017 11:39

Decent volumes recently, 60 looks like the level it needs to break

[azure8269] 13/1/2017 16:47

Numis Securities 13th Jan 2017. Numis today reaffirms its buy investment rating on Renold PLC [LON:RNO] and set its price target at 70p.

[nick rubens] 17/11/2016 13:04

Alot of buying today and very little selling?

[nick rubens] 01/8/2016 14:24

Feels to me like mm's have been wanting stock for a week or so now.

[digger61] 04/7/2016 13:55

Agree Gargoyle2, glad to see they have been derisking the pension schemes.

[gargoyle2] 04/7/2016 13:16

Been buying a few here the last few days. Last trading/outlook statement was positive, and RNO has a big proportion of its revenues from outside the UK. weak sterling should help imo.

[nick rubens] 14/4/2016 08:11

Good update. Mkt was expecting worse than this.

Institutional small cap funds will be looking here IMO.

[batham1] 26/5/2015 15:15

Great results! Would have been nice to see a bit more upward movement, but I suppose that's already in the price given recent gains. One to hold I think.

[a3477681] 03/4/2015 12:30

The company's brokers recommend Buy commenting
"Renold is making excellent progress with double-digit margin now in sight. There is much still to do on margins but attention is now being given to driving organic growth, with the company's strong reputation bringing a wealth of opportunities. Delivery of the 10%+ ROS target together with restored sales momentum would drive significant growth in earnings and share holder value.

Year end is 31/3 but a trading update is due in April. Is the recent drop probably market uncertainty. Any one have views on this. It has gone rather quiet on here.

[js_trader] 31/3/2015 13:07

In that case I think better holding on to it!?! Must be a tree shake today!!

[purple boots] 31/3/2015 12:34

Can't find any reason for drop -have to admit given up.

[js_trader] 31/3/2015 12:22

Why a drop in share price today??

[purple boots] 09/3/2015 09:01

Good to see this up on a down day - hope it can hold above .60 this time

[purple boots] 21/7/2014 18:06

AGM tomorrow

[rburtn] 09/6/2014 09:18

Whilst I wish every success to those endeavouring to turn Renold around, I'm bound to say 20% compound growth over three years for quite a windfall is not exactly what I would call demanding given the depths from which they are starting. (Performance award terms referenced to 'adjusted' earnings per share).

[purple boots] 27/5/2014 11:09

A quiet thread, but responding well to results
Renold plc

Preliminary results for the year ended 31 March 2014

Renold, a leading international supplier of industrial chains and related power transmission products, today announces its preliminary results for the year ended 31 March 2014, together with an update on the progress of the Turnaround Phase of the Group's strategic plan.

Performance highlights
-- Adjusted earnings per share increased 129% to 3.2 pence
-- Underlying adjusted operating profit increased 56% to GBP11.1m

-- Successful delivery of capacity reduction project, generating annualised savings of GBP3.2m from June 2014

-- Operating cash flow before exceptional items increased 27% to GBP12.1m driven by improved profitability and gains in the working capital ratio
-- Self-financed GBP7.2m current year cash cost of the Bredbury closure project

-- RoS% growth driven by contribution margin gains, focus on high added value products and overhead reductions

YE 31 March 2014
Financial Summary
2014 2013
GBPm GBPm

Underlying[1] revenue 184.0 187.0
Adjusted[2] operating profit as reported 11.1 7.2
Operating loss post exceptional items (1.3) (6.4)
Loss before tax (5.9) (11.9)
Basic loss per share (4.9)p (5.4)p
Adjusted earnings per share 3.2p 1.4p


Robert Purcell, Chief Executive of Renold plc, said:

"The increase in adjusted operating profit and adjusted earnings per share, without the benefit of sales growth, emphasises the value accessible through self-help measures. We remain focused on creating a continuous improvement culture in all of our locations and activities to deliver intelligent and sustainable reductions in our cost base. Towards the end of the new financial year we expect to turn our attention to the second phase of our strategic plan, the Organic Growth phase."