Share Name Share Symbol Market Type Share ISIN Share Description
Renold LSE:RNO London Ordinary Share GB0007325078 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 28.40p 93,467 13:38:43
Bid Price Offer Price High Price Low Price Open Price
27.80p 28.90p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 191.60 12.50 4.50 6.3 63.4

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Date Time Title Posts
22/10/201307:15Renold: the recovery story1,817
16/6/200812:00Renold - Long way to go..-
21/11/200715:16Time to SHORT RENAULT.....3

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Renold Plc Daily Update: Renold is listed in the Industrial Engineering sector of the London Stock Exchange with ticker RNO. The last closing price for Renold Plc was 28.40p.
Renold has a 4 week average price of 27.90p and a 12 week average price of 27p.
The 1 year high share price is 40.80p while the 1 year low share price is currently 22p.
There are currently 223,064,703 shares in issue and the average daily traded volume is 148,280 shares. The market capitalisation of Renold is £63,350,375.65.
coolen: There were indeed institutional holders once upon a time. Kleinwort Benson, for one, were fans. The share price then was closer to 30 shillings than today's 30p. And the old Renold Chain Company then knew how to write dividend cheques.
bc4: Well the same happened to Carclo so who knows? Consort Non-Binding Proposal for Carclo plc Consort announces that, following a meeting between Consort and Carclo plc ("Carclo") on 25 May 2018, it submitted a letter on 29 May 2018 setting out a non-binding proposal for a potential acquisition of Carclo (the "Proposal"). The Proposal valued each share in Carclo at 116 pence per share and the consideration was to be in the form of new shares in Consort. As of 29 June 2018 (being the last trading day prior to this announcement), this implied an exchange ratio of 0.0973 Consort shares for each Carclo share. The letter also contained a request for a meeting between senior executives of the two companies to explore the Proposal and its merits in more detail. The Board of Carclo rejected the Proposal on 1 June 2018 and has subsequently rejected further requests from Consort for a meeting. The terms of the Proposal represent a premium of approximately 43.6 per cent. to the Carclo closing share price of 80.8 pence on 29 June 2018 (being the last trading day prior to this announcement).
nick rubens: Update confirms improving financials, should get some broker forecasts doing the rounds and hopefully showing a profits forecast above what was achieved the last financial year and closer to what was expected prior to the sudden share price fall from the 45p area.
gargoyle2: I'm a holder here. Not a particularly happy one, given recent price action and the challenges facing the company. Just been back though the archives to see when directors last bought. The CEO piled in last time the share price was about this level (2013) -- would be good to see some director buying now imo, or at least after FY results on 29 May.
simon templar qc: Well if this board is not the accys board why did you post info on CML on this board ? Your intention is clear RM-to mislead investors! CML burnt all their cash, they stopped their dividends had profit warnings and then stated they may delist. Those are the facts! The directors caused the share price to collapse through their actions, not bulletin board posters!!!! Facts RM facts! You omitted those facts from your earlier post it was the management that caused the collpapse of CMLs share price when it did! If they had have delisted shareholders would have struggled to sell their shares so they exitted. To reiterate this is what they said and this is the link... This is what the company said at the time "It is clear that the markets in which the Group operates have suffered weak trading conditions for some time and there is an obvious lack of demand for the Company's shares. " Does that statement paint a story of a good company at the time!!!! I see you make no mention of Metnor in your reply! You held Metnor and got trapped in when they delisted! You also said Metnor was a "good company" well it did shareholders no good when they delisted! You are the saddo resorting to misleading readers with your postings. You pick the plums and leave the stones! Renold share price is suffering the same fate its collapsed due to a profit warning, high debt and a large pension deficit. That is down to management and no one else. DS, me and others have merely pointed out the facts, what ultimately causes a share price to fall or rise is how a company performs, what the fundamentals are and how management deals with the company and its shareholders! As far as CML was concerned the company burnt a tremendous amount of cash, the company did underperform and they did cut the dividend a few years ago. What they then intended to do was consider delisting, the share price then collapsed to about 40 pence! Your attempts to blame bulletin board posters just shows how unscrupulous you are!
simon templar qc: Interesting analysis but you failed to mention Target Setter called it right as the price fell! He stopped being negative as the price rose! Can we have the same anaysis on Metnor or even Accys technologies Metnor delisted and you held stock and Accys hasn't done at all well since it came to market and you fail to mention you hold as well! Accys... By the way its called trading calling it right on the way down and on the way up. Buying selling going short it doesn't matter so long as you make money! This is when CML threatened to delist.. This is what the company said at the time "It is clear that the markets in which the Group operates have suffered weak trading conditions for some time and there is an obvious lack of demand for the Company's shares. " What followed was a mass exit! You know all about delisting don't you being a Metnor holder! You also failed to mention the other reasons why CML started to fall the way it did ie profits started to deteriorate company cuts its dividend. It was the company that caused the deterioration in the share price no one else!!!!
gleach23: Anyone who has followed the share price over the last couple of years will know that David Schwartz's previous positive updates have not helped the share price at fact it has fallen. It just rises the day after his tip then falls back. I don't have a large shareholding here so am willing to risk waiting to see if they now do the opposite and rise back towards 30p...I may sell out then. After all, last Friday's DS update was a full 6 trading days after the IMS so most big players would already have made their trading decisions.
rivaldo: I note that Singer now forecast 5.9p EPS this year, with a 0.5p dividend, rising to 7.4p EPS and a 1p dividend next year. This from David Schwartz last month in the FT wasn't posted here. Since then Cazenove have increased their stake by over 600,000 shares to over 5%, there's been various director share buys and the share price has bounced nicely: "Turning to my own trading efforts, I was quite impressed by the annual results released on Tuesday by Renold (RNO), the industrial chain and transmission provider. Its statement wrongfooted investors who were frightened by Renold's April warning that European sales growth had moderated. Its warning triggered a 32 per cent share price decline. The size of this drop surprised me because the report specifically stated that European growth had slowed, not declined, and that it was fully offset by double-digit growth in the rest of the world where most of its sales come from. Last Tuesday's results confirmed my suspicions. Operating profits for the year almost tripled due to the fact that the company's operations are highly leveraged. Small revenue gains trigger healthy profit bounces. Investors Chronicle reports that every incremental pound of revenue generates an extra 41p of operating profit. Future prospects look rosy. Renold's operating margin advanced to 6.7 per cent, up from 3.7 per cent last year. Management is aiming for 10 per cent. It is optimistic about achieving its goal. Renold's order book continues to grow and the City's consensus profit forecast for the current year is a gain of more than 25 per cent. In my view, the stage is set for a substantial share price rise."
darwenlad: One way of looking at short-term outlook for RNO share price is to compare value of RNO shares traded in January (roughly £1.8m according to LSE website) with the 31m shares left with the underwriters (roughly £6.2m based on 20p open offer price). Even if all RNO shares sold in January were being unloaded by underwriters (which is rubbish) that would still leave 20m plus overhanging the market. Hope I am wrong, but hard to see RNO share price taking off until this share overhang is sorted out.
saltaire111: When is the value here going to be recognised by the market? Surely one of the best recovery plays in the market. Mining sector, one of RNO's strong markets is booming and other manufacturers are seeing demand on the up. So let's see RNO share price back up at £1.00 a pop.
Renold Plc share price data is direct from the London Stock Exchange
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