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ARTICLE NEWSFLOW ARTICLE

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

2019-08-27 15:25:32

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”

NEWSFLOW ARTICLE

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

2019-07-09 12:53:27

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…

NEWSFLOW NEWSFLOW NEWSFLOW NEWSFLOW ARTICLE

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

2018-03-09 05:03:26

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…

NEWSFLOW ARTICLE

Renold – again “Trading Update” = Profit Warning

2017-10-12 03:50:56

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…

NEWSFLOW NEWSFLOW ARTICLE

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

2016-10-14 00:10:35

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…

NEWSFLOW ARTICLE

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

2016-07-20 07:01:56

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…

ARTICLE

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

2016-02-10 08:25:49

“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…

NEWSFLOW

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