Renold Share Discussion Threads

[stockjunkie11] 21/10/2019 09:41

mismanagement over the last 10 years killed the renold quality (and profits)

[coolen] 15/10/2019 22:33

A cross perhaps between two related funds. Maybe Simon Knott -his funds remain supportive.

[fillipe] 15/10/2019 08:40

A couple of huge buys gone through early today....245k and 250k, both 22p.

f

[meijiman] 20/9/2019 13:57

Yes these clowns need to wake up and smell the coffee. What a useless shower.......

[stpalm] 19/9/2019 09:46

do you know what stockjunkie i think you maY be right. Ive followed them for years and all you get is management drivel. At least it looks cheap now!

[stockjunkie11] 04/9/2019 16:55

Renold is long term sick by mismanagement
Transfered to AIM & a mis reporting investigation ?
A death struggle RNO

[stockjunkie11] 04/9/2019 16:54

Renold is long term sick by mismanagement
Transfered to AIM & a mis reporting investigation ?
A death struggle RNO

[bantam175] 10/7/2019 09:52

After a £25k director buy on the dip, it,s not a bad idea.

imho dyor etc

[mercury123] 10/7/2019 09:30

I'm buying too

[bantam175] 10/7/2019 09:17

Trades 11 and 12 showing as sells were both mine and both buys.

ADVFN strikes again.

[redalert] 09/7/2019 08:16

historical accounting issues, overstatement of assets and profit, now requires audit of revised accounts. RA

[redalert] 09/7/2019 08:14

if you go on investigate.co.uk you will get the full rns. RA

[gd4beg] 09/7/2019 08:14

Further info says:
9 July 2019



Renold plc ("Renold" or "the Group"), a leading international supplier of industrial chains and related power transmission products, today issues the following statement.



Summary



The Group announces the postponement of its AGM scheduled for 17 July 2019. The postponement follows the identification of historical accounting issues over the three years ending 31 March 2017, 2018 and 2019, arising from an overstatement of certain asset values and profit over this period by approximately £1.8m in the Gears business unit, which is part of the Torque Transmission division. No other business units are involved.



In order to rectify these issues, the Group intends to revise the financial statements for the year ending 31 March 2019, which will be subject to audit by Deloitte.



In light of these circumstances, the Board believes it is appropriate to postpone consideration of the resolutions at the AGM and, consequently, the AGM scheduled for 17 July 2019 will be adjourned immediately after its commencement. Notice of the reconvened meeting, which will be held no later than 30 September 2019 and at which revised Annual Accounts for the year ended 31 March 2019 can be considered along with the other AGM resolutions, will be made available in due course.

[gd4beg] 09/7/2019 08:12

I have an automatic Renold alert for an announcement that I cannot see, butthe headline reads:

Postponement of Annual General Meeting.

[bonzo] 09/7/2019 08:11

Someone knows something but cannot find out what! very odd.

[saltaire111] 09/7/2019 08:10

What just happened? No news I can see. Any ideas?

Salty

[cbr60000] 17/6/2019 11:15

Why the big spread on this stock? It's been on me watch list for a while.

[dvb99] 11/6/2019 12:12

I use Jarvis/X-O , can concur they are very good and very competitive pricing

[scotch broth] 11/6/2019 11:21

I use both successfully.
There are even cheaper brokers, but having regard to security IWeb are owned by Lloyds bank; and Jarvis are quoted on AIM so you can keep an eye on their accounts for early warning of any problems.

[mercury123] 09/6/2019 17:40

I use Jarvis/X-O and they have been very good

[philanderer] 04/6/2019 12:29

Questor: at six times earnings Renold is worth another look for risk-tolerant investors