Renold (#RNO) – recommended 82p per share offer

Renold (#RNO) – expects year ended 31st March 2025 “ahead of current market expectations”, notes “global manufacturing footprint”

Renold (#RNO) – H1 adj. EPS up to 4.2p, “confident of delivering underlying full year results in line with market expectations”

Renold (#RNO) – FY adj. EPS up to 7.8p, dividend resumption at 0.5p per share, “good momentum”

Renold (#RNO) – now expects FY results “materially ahead of current market expectations”

Renold – interims, “increasingly confident” of full-year ahead of expectations

Recent 28.4p offer price tip Renold (RNO) has announced results for its half-year ended 30th September 2023 and that it is increasingly confident in delivering a result for the year ahead of previous market expectations, helping the shares up to 31.55p.

Renold – now again a trading Buy

Industrial chains and related power transmission products company Renold plc (RNO) issued an update just last month concluding “as a result of the continued positive trading momentum, and an increase in activity from the recently announced Davidson acquisition, the board now anticipates achieving results for the year ending 31 March 2024, higher than previously expected”. That helped the shares up to 31p but that was only a level they had been at as recently as May and this month they have fallen from above 30p at the start towards 27.5p. Recently they have started to recover, but we suggest there is a lot further to go from a 28.4p offer price.

Renold (#RNO) – acquisition of trading assets of Australia conveyor chain business Davidson Chain for A$6m

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.

Renold – trading ‘materially ahead of expectations’, Buy

Industrial chains and related power transmission products business Renold (RNO) has issued a trading update commencing “the strong momentum in the company's performance experienced in the first nine months of the year continued through the final quarter”. Good news.

Renold (#RNO) – now expects “to be materially ahead of the previous upwardly revised market expectations”

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.

Renold (#RNO) – acquisition of conveyor chain and ancillary products business Industrias YUK S.A. for €24m

Renold (#RNO) – expects FY adj. profit “materially ahead” of expectations, record order book

Renold (#RNO) – trading recovery ‘higher than expectations’

Renold (#RNO) – H1 revenue -17%, expects order intake to “continue to slowly improve, albeit at levels below the prior year in the near term”

Renold (#RNO) – Q1 “profitable and cash generative” with “gradual” order intake improvements since April though order intake reflecting “challenging market conditions”

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…

Renold (#RNO) – notes Coronavirus impact, adding to “challenging market conditions”

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”…