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RNO

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Renold – further good news, banking facilities extension agreement

Industrial chains and related power transmission products company Renold (RNO) has announced it has reached agreement for the extension of its core banking facilities that were due to mature in April 2024 to May 2026 with an option to extend for a further two years and the shares have responded further higher to above 29p.

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By HotStockRockets
136 days ago

RNO

PREMIUM CONTENT

Renold – a positive business momentum Buy

Manufacturer of industrial chains and related power transmission products used in a wide variety of international industries including manufacturing, transportation, energy, steel and mining, Renold (RNO) recently announced that it “now anticipates that underlying operating profit for the full year will be above current market forecasts” and that there is a “positive market outlook”. This looks far from discounted in the current share price and, as the results and following updates make the financials picture clearer, we expect the shares to spark from here.

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By HotStockRockets
220 days ago

RNO

Renold – director share buying… but does trading update suggest to follow?

A Friday “Trading Update and Impact of Coronavirus” announcement from industrial chains and related power transmission products company Renold (RNO) failed to halt a falling share price – and now both Chairman Mark Harper and Finance Director Ian Scapens have responded buying shares…

By Steve Moore
1303 days ago

RNO

Renold – “in line… assuming no significant further deterioration in trading conditions”… but is that exactly what’s coming?

Previously writing on industrial chains and related power transmission products company Renold (RNO), in August I concluded with the shares at 23.5p awaiting clear financial delivery of ‘refocused efforts on operational improvement’, I currently continue to avoid. Today a “Trading Update”…

By Steve Moore
1443 days ago

RNO

Renold – an indicated “intentional mis-statement of the financial reports” missed for years. Uh oh…

Previously writing on industrial chains and related power transmission products supplier Renold (RNO), I questioned last year another profit warning, house broker right to ‘remain positive’?. Now a “Postponement of Annual General Meeting” announcement. Sounds ominous…