mcescher
30 Jul 2015
RNO vs BOY comparison This infographic compares Renold and Bodycote plc, they have details on valuation etc. [link]
josmith70
24 Jul 2015
Gauging Risk On – Renold (LSE: RNO) – Gulf Keystone Petroleum (LSE: GKP) And IGAS Energy (LSE: IGAS) 24th July 2015 [link]
nk1999
28 May 2015
Telegraph- Questor "Buy recovery at Renold: Industrial chain-maker Renold is back in profit after a two-year turnaround and management thinks there is more to come. The Manchester-based manufacturer is the second largest chain specialist in the world, making products that are used in Alton Towers’ rollercoasters and London Underground escalators. It suffered a sharp downturn during the industrial slowdown that followed the 2008 financial crisis. Mr Purcell believes the recovery will continue with the operating profit margin improving from 8.5% last year to mid-teens within the next five years. He explained that the profits can improve even on limited growth in revenue. Cash generation improved strongly, bringing net debt down £5.3 million to £19.5 million. The only worry is that debt is held against net assets of £11.6 million, and there is a £61.2 million pension deficit as well. That said, the shares are trading on 12 times forecast earnings per share of 5.2p, and are a buy for a long-term recovery. Renold at 71.25p+2.75p. Questor Says “Buy”. "
nk1999
18 Apr 2015
IC Comment "Renold delivering on self-help planShares in Renold (RNO) climbed 6 per cent after the chains and gearbox maker issued an encouraging trading update outlining positive developments to its self-help strategy. The manufacturer of products used in tube escalators and Big Ben's clock tower revealed that margins continue to widen as it reaps the benefits from the closure of its lossmaking Bredbury facility and various other cost-cutting activities..........."
nk1999
10 Apr 2015
Times-Tempus Today's Times carries a "Long Term Buy" recommendation on Renold.I dont have the text, but a couple of things from memory
/E low (under 12) vs about 16 last year. Growth to continue, good management etc.I hope they are right.nk
II Editor
09 Apr 2015
NEW ARTICLE: Renold has 40% upside potential "Industrial chains and gearbox maker LSE:RNO:Renold will report much better-than-expected full-year profits when it unveils results at the end of next month. Earnings forecasts have been upgraded and investors have chased the shares up by around ..."[link]
nk1999
09 Apr 2015
Good newsflow continues "Renold, a leading international supplier of industrial chains and related power transmission products, is today issuing a trading update ahead of reporting results for the year ended 31 March 2015, on 26 May 2015. The Group has continued to deliver margin enhancing initiatives across both operating divisions and reduced transitional costs associated with the Bredbury closure project. Modest underlying(1) sales growth has continued in the Chain division with Torque Transmission also delivering underlying sales growth in the second half. The Group therefore expects to report adjusted(2) operating profit for the full year above the upper end of current market expectations. Net debt has reduced to approximately £20.0m, due primarily to strong operating cash flows...."
nk1999
06 Jan 2015
Re: FinnCap Details from Citywire:"Undervalued Renold to get back on trackIndustrial chain supplier Renold (RNO) has suffered poor returns but a restructure could help restore margins this year.FinnCap analyst David Buxton retained his ‘buy’ recommendation and target price of 79p on the shares, which were trading at 58p yesterday.‘Our recommendation centres on the virtues of self-help, which should result in earnings per share growth despite flat underlying markets,’ he said. ‘Renold has previously delivered poor returns. Current management is tackling significant structural problems in the chain division, restoring margins and generating more sustainable free cash flow.‘Management is credible and ambitious in its planned actions. The company is part way through its strategy and margin improvements are already being achieved.’Buxton added that continued self-help measures could result in ‘significant earnings per share growth as well as a price/earnings multiple expansion’ and that the current share price did not ‘fully value the upside potential’. "
nk1999
04 Jan 2015
FinnCap have said BUY Renold, with 79p target."Broker ViewVectura Group Plc: finnCap Reiterates the stock with “Buy” rating and a target price of 202.00p.Renold Plc: finnCap Retains the stock with “Buy” rating and a target price of 79.00p.Quixant Plc: finnCap Reiterates the stock with “Corporate” rating and a target price of 195.00p.Photo-Me International Plc: finnCap Retains the stock with “Corporate” rating and a target price of 165.00p.M.P. Evans Group Plc: finnCap Reiterates the stock with “Buy” rating and a target price of 615.00p.Ithaca Energy Inc: finnCap Reiterates the stock with “Buy” rating and a target price of 170.00p."
