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Writer's pictureMark Watson-Mitchell

Five For 2025 - Renold (LON:RNO) – 47.25p 

30.12.2024


Renold is a global leader in the manufacture of industrial chains, it also manufactures a range of torque transmission products which are sold throughout the world to a broad range of original equipment manufacturers, distributors and end-users.  


Its products are used in a wide variety of industries including manufacturing, transportation, energy, metals and mining. 


Last Thursday, Jupiter Fund Management increased their holding in the group to 11.13% of its equity, apparently not at all put off by the recent fall-back in price from the 64p peak in July to the current 47.25p. 


This cracking £95m-capitalised business should make a 9.3% turn on its expected £253m sales this year to end-March 2025, worth 7.5p per share in earnings, with brokers looking for 86p as their Price Objective. 




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