Announcement • Oct 30
Endurance PT Technology Buyer Corporation completed the acquisition of Renold plc (AIM:RNO). Webster Industries, Inc. made non-binding all-cash proposal to acquire Renold plc (AIM:RNO) for approximately £150 million on May 20, 2025. A cash consideration valued at £0.77 per share will be paid by Webster Industries, Inc. As part of consideration, an undisclosed value is paid towards common equity of Renold plc. This is a Consolidation/Roll Up transaction. In related transaction Renold plc also received a non-binding all-cash proposal from Buckthorn Partners LLP and One Equity Partners IX, L.P. Webster must either announce a firm intention to make an offer for Renold or announce that it does not intend to make an offer for Renold, in which case the announcement will be treated as a statement by June 17, 2025. This deadline will only be extended with the consent of the Takeover Panel. Webster Proposal is subject to the satisfaction or waiver of a number of customary pre-conditions. The Board of Renold is currently engaging with Webster, including providing them with access to management and diligence information. As of June 13, 2025, The boards of Webster Industries, Inc. and Renold are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Renold by Webster Industries, Inc. Under the terms of the Acquisition, each Renold Shareholder will be entitled to receive for each Renold Ordinary Share a cash consideration valued at £0.82 per share will be paid by Webster Industries, Inc. The Acquisition Price values the entire issued and to be issued ordinary share capital of Renold at approximately £186.7 million on a fully diluted basis and the Acquisition Price represents a premium of approximately 50% to the Closing Price per Renold Ordinary Share of 54.6 pence on May 19, 2025, being the last Business Day prior to the commencement of the Offer Period on May 20, 2025. The Acquisition is intended to be effected by means of a scheme of arrangement. The Scheme will become Effective during the final quarter of 2025. The Court Meeting and the General Meeting are to be held on July 28, 2025. As of July 28, 2025, the requisite majority of Renold Shareholders voted in favour of the Special Resolution to implement the Scheme, including the amendment to Renold's articles of association and to re-register Renold as a private company (subject to the cancellation of admission to trading on AIM of the Renold Preference Stock), at the General Meeting; and the requisite majority of Renold Shareholders voted in favour of the Preference Stock Repayment Resolution, to cancel the Renold Preference Stock and repay £1.07 per unit of Renold Preference Stock to the holders of such Renold Preference Stock, at the General Meeting. As per the transaction, Renold is now owned by Endurance PT Technology Buyer Corporation, which MPE has nominated as the purchaser of the scheme shares pursuant to the scheme. As per the announcement dated October 7, 2025, the transaction has received requisite regulatory approvals and clearances. As of October 27, 2025, the transaction is approved by court. The transaction is expected to close on October 29, 2025.
Mike Bell, Ed Allsopp and Sam Cann of Peel Hunt LLP acted as financial advisor to Renold plc. Chris Raff, Andrew Welby and Simon Chaudhuri of Moelis & Company UK LLP acted as financial advisor and Jones Day is retained as legal adviser to MPE. Eversheds Sutherland (International) LLP is retained as legal adviser to Renold. James Fletcher and Tim Rennie of Ashurst advised Moelis & Company in the transaction. J.P. Morgan Securities LLC acted as financial advisor to MPE Partners.
Endurance PT Technology Buyer Corporation completed the acquisition of Renold plc (AIM:RNO) on October 29, 2025. Announcement • Aug 22
Renold plc, Annual General Meeting, Sep 30, 2025 Renold plc, Annual General Meeting, Sep 30, 2025. Location: the companys registered office, trident 2, trident business park, styal road, wythenshawe, manchester m22 5xb, United Kingdom Announcement • Jun 25
Renold plc (AIM:RNO) agreed to acquire Ognibene Power SPA for €10 million. Renold plc (AIM:RNO) agreed to acquire Ognibene Power SPA for €10 million on June 25, 2025. Mike Bell and Ed Allsopp of Peel Hunt LLP acted as financial advisor to Renold plc.
Renold plc (AIM:RNO) completed acquisition of Ognibene Power SPA for €10 million on June 25, 2025. Announcement • Jun 13
Bidco Intends to Seek the Cancellation of Renold Ordinary Shares' Admission to Trading on AIM The boards of MPE Bid Co (Bidco) and Renold plc announced that they have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Renold by Bidco. Renold Shares are currently admitted to trading on AIM. Bidco intends to seek the cancellation of Renold Ordinary Shares' admission to trading on AIM shortly after the Acquisition's completion. Renold Preference Shares are admitted to trading on AIM. Renold intends to seek shareholder approval for a share capital reduction and repayment of capital of the Preference Shares at a price per Preference Share of £1.07 (the "Preference Share Repayment") to be approved by a separate special resolution of Renold Shareholders at the General Meeting (the "Preference Share Repayment Resolution"), subject to approval by the Court at the hearing to sanction the Scheme and to the Scheme becoming Effective. Following this, an application would be made for the cancellation of the Renold Preference Shares' admission to trading on AIM. The Preference Share Repayment is not subject to the provisions of the Takeover Code and the Acquisition is not conditional on the Preference Share Repayment Resolution being passed. New Risk • Jun 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (77% net debt to equity). Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Vicki Potter was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 5.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.8% average weekly change). Minor Risk High level of debt (77% net debt to equity). Buy Or Sell Opportunity • May 20
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 64% to UK£0.73. The fair value is estimated to be UK£0.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 52% in the next 2 years. Buy Or Sell Opportunity • Apr 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to UK£0.47. The fair value is estimated to be UK£0.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 52% in the next 2 years. Announcement • Apr 15
Renold plc to Report Fiscal Year 2025 Results on Jul 02, 2025 Renold plc announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Jul 02, 2025 New Risk • Feb 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£78.6m (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks High level of debt (77% net debt to equity). Market cap is less than US$100m (UK£78.6m market cap, or US$99.3m). Buy Or Sell Opportunity • Feb 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to UK£0.45. The fair value is estimated to be UK£0.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 52% in the next 2 years. Major Estimate Revision • Nov 27
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from UK£0.074 to UK£0.064. Revenue forecast unchanged from UK£252.5m at last update. Net income forecast to grow 23% next year vs 17% growth forecast for Machinery industry in the United Kingdom. Consensus price target of UK£0.89 unchanged from last update. Share price rose 2.1% to UK£0.49 over the past week. Reported Earnings • Nov 25
First half 2025 earnings released: EPS: UK£0.033 (vs UK£0.044 in 1H 2024) First half 2025 results: EPS: UK£0.033 (down from UK£0.044 in 1H 2024). Revenue: UK£123.4m (down 1.5% from 1H 2024). Net income: UK£6.50m (down 29% from 1H 2024). Profit margin: 5.3% (down from 7.3% in 1H 2024). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Nov 11
Renold plc to Report First Half, 2025 Results on Nov 20, 2024 Renold plc announced that they will report first half, 2025 results on Nov 20, 2024 Announcement • Sep 12
Renold plc (AIM:RNO) acquired Mac Chain Company Limited. Renold plc (AIM:RNO) acquired Mac Chain Company Limited on September 10, 2024. A cash consideration will be paid by Renold plc. As part of consideration, an undisclosed value is paid towards common equity of Mac Chain Company Limited. Renold acquired the trade and net assets of MAC Chain Company Ltd and the entire issued share capital of MAC Chain Company Limited (Canada) for a total cash consideration of $31.4 million. Following completion, the Acquisition is expected to immediately enhance Group adjusted earnings per share, as well as be accretive to the Group's operating margin. MAC Chain is being acquired on a cash free debt free basis and will consist of an initial cash consideration of $28.26 million, followed by two further cash payments of $1.57 million, payable 12 months and 24 months from the anniversary of completion of the Acquisition. The total consideration for the Acquisition of $31.4 million represents an acquisition multiple of c.7.5x twelve months to June 2024 EBITDA. The Acquisition was funded utilizing the Group's existing borrowing facilities. MAC Chain (together Assets and the Company) reported revenue of $ 25.8 million for the twelve months ended June 2024, generating an EBITDA of $4.2 million, and a PBT of $3.5 million. Tangible net assets acquired, are anticipated to be $11.5 million.
Mike Bell of Peel Hunt LLP acted as financial advisor to Renold. Ed Frisby of Cavendish Capital Markets Limited acted as financial advisor to Renold.
Renold plc (AIM:RNO) completed the acquisition of Mac Chain Company Limited on September 10, 2024. Price Target Changed • Sep 10
Price target increased by 23% to UK£0.88 Up from UK£0.71, the current price target is an average from 2 analysts. New target price is 49% above last closing price of UK£0.59. Stock is up 93% over the past year. The company is forecast to post earnings per share of UK£0.075 for next year compared to UK£0.083 last year. Announcement • Aug 13
Renold plc, Annual General Meeting, Sep 10, 2024 Renold plc, Annual General Meeting, Sep 10, 2024. Location: the companys registered office, trident 2, trident business park, styal road, manchester m22 5xb, wythenshawe United Kingdom Reported Earnings • Jul 18
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: UK£0.083 (up from UK£0.057 in FY 2023). Revenue: UK£241.4m (down 2.3% from FY 2023). Net income: UK£17.1m (up 45% from FY 2023). Profit margin: 7.1% (up from 4.8% in FY 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.8%. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 40% per year. New Risk • Jul 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.06% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.06% per year for the foreseeable future. Minor Risks High level of debt (55% net debt to equity). Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Buy Or Sell Opportunity • Jul 01
Now 8.6% undervalued Over the last 90 days, the stock has risen 58% to UK£0.59. The fair value is estimated to be UK£0.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to decline by 4.1% in 2 years. Earnings are forecast to decline by 4.2% in the next 2 years. Buy Or Sell Opportunity • Jun 26
Now 21% undervalued Over the last 90 days, the stock has risen 43% to UK£0.53. The fair value is estimated to be UK£0.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to decline by 4.1% in 2 years. Earnings are forecast to decline by 4.2% in the next 2 years. New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risks High level of debt (55% net debt to equity). Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Announcement • Apr 16
Renold plc to Report Fiscal Year 2024 Results on Jul 17, 2024 Renold plc announced that they will report fiscal year 2024 results on Jul 17, 2024 Price Target Changed • Apr 15
Price target increased by 28% to UK£0.71 Up from UK£0.56, the current price target is an average from 2 analysts. New target price is 77% above last closing price of UK£0.40. Stock is up 44% over the past year. The company is forecast to post earnings per share of UK£0.077 for next year compared to UK£0.057 last year. Buy Or Sell Opportunity • Mar 22
Now 23% undervalued Over the last 90 days, the stock has risen 1.7% to UK£0.36. The fair value is estimated to be UK£0.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to decline by 3.2% in 2 years. Earnings are forecast to decline by 27% in the next 2 years. New Risk • Mar 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£77.4m (US$98.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risks High level of debt (55% net debt to equity). Market cap is less than US$100m (UK£77.4m market cap, or US$98.5m). Buy Or Sell Opportunity • Mar 07
Now 21% undervalued Over the last 90 days, the stock has risen 11% to UK£0.38. The fair value is estimated to be UK£0.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to decline by 3.2% in 2 years. Earnings are forecast to decline by 27% in the next 2 years. Buying Opportunity • Jan 16
Now 20% undervalued Over the last 90 days, the stock is up 38%. The fair value is estimated to be UK£0.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to decline by 3.2% in 2 years. Earnings is forecast to decline by 27% in the next 2 years. Reported Earnings • Nov 17
First half 2024 earnings released: EPS: UK£0.044 (vs UK£0.023 in 1H 2023) First half 2024 results: EPS: UK£0.044 (up from UK£0.023 in 1H 2023). Revenue: UK£125.3m (up 7.7% from 1H 2023). Net income: UK£9.10m (up 90% from 1H 2023). Profit margin: 7.3% (up from 4.1% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Nov 16
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from UK£0.058 to UK£0.065. Revenue forecast unchanged at UK£244.2m. Net income forecast to grow 16% next year vs 8.4% growth forecast for Machinery industry in the United Kingdom. Consensus price target up from UK£0.56 to UK£0.59. Share price rose 8.9% to UK£0.32 over the past week. New Risk • Nov 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risks High level of debt (76% net debt to equity). Market cap is less than US$100m (UK£62.6m market cap, or US$77.8m). Price Target Changed • Nov 15
Price target increased by 10% to UK£0.59 Up from UK£0.54, the current price target is an average from 2 analysts. New target price is 87% above last closing price of UK£0.32. Stock is up 31% over the past year. The company is forecast to post earnings per share of UK£0.061 for next year compared to UK£0.057 last year. Announcement • Nov 03
Renold plc to Report First Half, 2024 Results on Nov 15, 2023 Renold plc announced that they will report first half, 2024 results on Nov 15, 2023 Announcement • Sep 02
Renold plc acquired Trading assets of Davidson Chain PTY from Davidson for AUD 6 million. Renold plc acquired Trading assets of Davidson Chain PTY from Davidson for AUD 6 million on September 1, 2023.Renold plc completed the acquisition of Trading assets of Davidson Chain PTY from Davidson on September 1, 2023. Announcement • Aug 07
Renold plc, Annual General Meeting, Sep 05, 2023 Renold plc, Annual General Meeting, Sep 05, 2023, at 10:00 Coordinated Universal Time. Location: Trident 2, Trident Business Park, Styal Road, Wythenshawe, Manchester, M22 5XB Manchester United Kingdom Agenda: To receive and consider the Company's annual accounts, together with the Directors' Report and the Auditor's Report, for the financial year ended 31 March 2023; to approve the Directors' Remuneration Report, in the form set out on pages 80 to 89 in the Company's Annual Report and Accounts for the year ended 31 March 2023; to re-elect David Landless as a Director; to re-elect Tim Cooper as a Director; to re-elect Andrew Magson as a Director; to re-elect Victoria Potter as a Director; to appoint BDO LLP as auditors, to hold office from the conclusion of the meeting until the conclusion of the next meeting; and to consider other matters if any. Reported Earnings • Jul 13
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: UK£0.057 (up from UK£0.047 in FY 2022). Revenue: UK£247.1m (up 27% from FY 2022). Net income: UK£11.8m (up 16% from FY 2022). Profit margin: 4.8% (down from 5.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 12
Price target increased by 11% to UK£0.56 Up from UK£0.51, the current price target is an average from 2 analysts. New target price is 90% above last closing price of UK£0.29. Stock is up 6.7% over the past year. The company is forecast to post earnings per share of UK£0.063 for next year compared to UK£0.047 last year. Price Target Changed • Apr 17
Price target increased by 8.1% to UK£0.54 Up from UK£0.49, the current price target is an average from 2 analysts. New target price is 91% above last closing price of UK£0.28. Stock is up 4.5% over the past year. The company is forecast to post earnings per share of UK£0.063 for next year compared to UK£0.047 last year. Reported Earnings • Nov 18
First half 2023 earnings released: EPS: UK£0.023 (vs UK£0.026 in 1H 2022) First half 2023 results: EPS: UK£0.023 (down from UK£0.026 in 1H 2022). Revenue: UK£116.3m (up 22% from 1H 2022). Net income: UK£4.80m (down 14% from 1H 2022). Profit margin: 4.1% (down from 5.9% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target increased to UK£0.49 Up from UK£0.45, the current price target is an average from 2 analysts. New target price is 106% above last closing price of UK£0.24. Stock is down 25% over the past year. The company is forecast to post earnings per share of UK£0.047 for next year compared to UK£0.047 last year. Major Estimate Revision • Aug 05
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from UK£200.0m to UK£210.0m. EPS estimate increased from UK£0.04 to UK£0.05 per share. Net income forecast to shrink 11% next year vs 5.8% growth forecast for Machinery industry in the United Kingdom . Consensus price target up from UK£0.45 to UK£0.48. Share price was steady at UK£0.25 over the past week. Price Target Changed • Aug 04
Price target increased to UK£0.48 Up from UK£0.44, the current price target is an average from 2 analysts. New target price is 93% above last closing price of UK£0.25. Stock is up 22% over the past year. The company is forecast to post earnings per share of UK£0.04 for next year compared to UK£0.047 last year. Reported Earnings • Jul 14
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: UK£0.047 (up from UK£0.017 in FY 2021). Revenue: UK£195.2m (up 18% from FY 2021). Net income: UK£10.2m (up 168% from FY 2021). Profit margin: 5.2% (up from 2.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Over the next year, revenue is forecast to grow 2.5%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to UK£0.44 Up from UK£0.32, the current price target is an average from 2 analysts. New target price is 66% above last closing price of UK£0.27. Stock is up 11% over the past year. The company is forecast to post earnings per share of UK£0.064 for next year compared to UK£0.017 last year. Reported Earnings • Nov 12
First half 2022 earnings released: EPS UK£0.023 (vs UK£0.009 in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: UK£95.3m (up 17% from 1H 2021). Net income: UK£5.00m (up 150% from 1H 2021). Profit margin: 5.2% (up from 2.5% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 10
Price target increased to UK£0.44 Up from UK£0.30, the current price target is provided by 1 analyst. New target price is 29% above last closing price of UK£0.34. Stock is up 187% over the past year. The company posted earnings per share of UK£0.017 last year. Board Change • Sep 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Chief Executive & Executive Director Rob Purcell is the most experienced director on the board, commencing their role in 2013. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Aug 26
Non-Executive Chairman Mark Harper has left the company On the 23rd of August, Mark Harper's tenure as Non-Executive Chairman ended after 9.3 years in the role. As of June 2021, Mark still personally held 1.26m shares (UK£278k worth at the time). Mark is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.08 years. Reported Earnings • Jul 18
Full year 2021 earnings released: EPS UK£0.017 (vs UK£0.015 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: UK£165.3m (down 13% from FY 2020). Net income: UK£3.80m (up 15% from FY 2020). Profit margin: 2.3% (up from 1.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 12
New 90-day high: UK£0.21 The company is up 66% from its price of UK£0.13 on 11 December 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 5.0% over the same period. Is New 90 Day High Low • Mar 08
New 90-day high: UK£0.20 The company is up 58% from its price of UK£0.13 on 08 December 2020. The British market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 3.0% over the same period. Is New 90 Day High Low • Mar 01
New 90-day high: UK£0.20 The company is up 53% from its price of UK£0.13 on 01 December 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. Announcement • Nov 20
Renold Appoints Andrew Magson to the Board as Non-Executive Director Renold plc announced the appointment of Andrew Magson to the Board as a Non-Executive Director with effect from 1 December 2020. Andrew will also be appointed to the Audit, Remuneration and Nomination Committees.
Andrew, aged 54, has significant experience in senior finance roles in multinational manufacturing businesses, most recently at The Alumasc Group plc where he was the Chief Financial Officer from 2006 to 2020. Reported Earnings • Nov 16
First half 2021 earnings released: EPS UK£0.009 The company reported a soft first half result with weaker earnings and revenues, although profit margins were improved. First half 2021 results: Revenue: UK£81.5m (down 17% from 1H 2020). Net income: UK£2.00m (down 9.1% from 1H 2020). Profit margin: 2.5% (up from 2.2% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • Jun 30
Renold plc Auditor Raises 'Going Concern' Doubt Renold plc filed its Annual on Jun 26, 2020 for the period ending Mar 31, 2020. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. 