Renold (#RNO) – “on course” for FY “assuming no significant further deterioration in trading conditions”

Renold – accounting over-statements “broadly consistent with the guidance”. Or are they?

Renold (RNO) describes itself as “a global leader in the manufacture of industrial chains and also manufactures a range of torque transmission products which are sold throughout the world to a broad range of original equipment manufacturers and distributors. The company has a well-deserved reputation for quality that is recognised worldwide”. Certainly, that has not proven the case with its financials at least – it last month postponing its AGM after “the identification of historical accounting issues over the three years ending 31 March 2017, 2018 and 2019… immediately initiated an independent investigation”. Now “Completion of investigation”…

Renold (#RNO) – Gears business accounting misstatements “broadly consistent” with prior guidance

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…

Renold (#RNO) – accounting overstatements see need to revise financial statements, AGM postponed

Renold (#RNO) – moves from Main Market to AIM

Renold (#RNO) – FY underlying revenue +6.1%, expects performance “in line with the board's expectations”, proposed move to AIM

Renold (#RNO) – H1 revenue +4.5% (+6.4% at constant currency), trading “in line with expectations”

Renold – another profit warning, house broker right to ‘remain positive’?

Writing on industrial chains and related power transmission products supplier Renold (RNO) in October it was Again “Trading Update” = Profit Warning. Now another “Trading Update” announcement…

Renold (#RNO) – profit warning; following increased raw material prices, price increases realisation “slower than anticipated”

Renold – again “Trading Update” = Profit Warning

Industrial chains and related power transmission products supplier Renold (RNO) has updated on trading including “the torque transmission division performed in-line with expectations. The Chain division delivered organic growth, but profitability was affected by machine break-downs at our Einbeck facility and by sustained increases in raw material costs”. Uh oh…

Renold (#RNO) – now expects FY “slightly below” lower end of range of analyst forecasts

Renold (#RNO) – FY “in line”, notes “early signs of improvement in end-customer markets”

Renold – trading update, recovery from February profit warning woe?…

Following a February profit warning, supplier of industrial chains and related power transmission products, Renold (RNO) has updated on its six months ended 30th September and its ‘STEP 2020’ strategic plan…

Renold (#RNO) – underlying performance “in line”, beneficial currency impact, but “markets remain uncertain”

Renold plc – review of post-profit warning AGM & “Directorate Change” announcements

Having warned on profit in February – as reviewed HERE, today there is an AGM update and a “Directorate Change” announcement from industrial chains and related power transmission products company Renold (RNO). Let’s take a look…

Renold plc - another case of “Trading Update” = Profit Warning

A “Trading Update” from manufacturer of industrial chains and related power transmission products used in a variety of industries including manufacturing, transportation, energy, steel and mining, Renold plc (RNO) sees the shares currently down more than 25% to 32p. Another case of “Trading Update” = Profit Warning then…

Renold (#RNO) sales lower, is cutting costs but its a PROFITS WARNING