Renold (RNO) – CEO interview – 5 Aug 2022
Disclaimers – this interview is for general information only, and does not constitute any kind of recommendation or advice. Please do your own research. Paul Scott did not charge a fee for this interview, and does not hold shares personally in Renold.
Click here to see Renold’s results presentation slides (pdf file) for FY 3/2022.
Topics covered –
- Brief overview of Renold.
- Turnaround in recent years.
- Sizeable acquisition announced this week in Spain.
- Bank debt.
- Inflation & pricing power.
- Supply chain (no pun intended!)
- Pension deficit.

Excellent interview with CEO. Renold comes across as a business with a clear strategy for growth in a specialist market.
Prompted me to top up my existing shareholding. Many thanks to Paul for the interview.
One of my major holdings and very happy with the progress shown. Originally I invested as I felt the shares were undervalued. They are even more undervalued now!
Much appreciate this discussion.
Really enjoyed the podcast chat with Robert – I hold RNO. I have enjoyed listening to your interviews, thoughts and detailed insights. Please keep doing them.
Excellent and interesting, as a holder these are great Paul.
Thanks
Thanks Lampoil, much appreciated!
Hi Rob & Adam, Many thanks for the feedback! I don’t know how many people listen, so it’s always nice to hear from listeners who found it useful, that motivates me to do more of them! 🙂
I’ve just installed a new plugin in WordPress, which should make it easier for anyone t leave comments (apart from pesky Russian spammers, who keep submitting spam comments that I had to weed out manually).
Best wishes, Paul.
Hi Paul, an excellent and very interesting interview with Robert Purcell, covering all 7 topics, which he certainly answered confidently. He comes across as a safe pair of hands for Renold to be in. I am currently a happy holder!
Thanks to you both for your time.
Thanks Paul & of course to Robert. I hold #RNO (initially from c12p & topped up inc after the drop from great results!). So I am conscious of conviction bias. But I do like the style of a podcast interview without powerpoint as a crutch. Love the style of prodding at questions & letting the answers come. Learned some new things & interesting to get the perspective on pension bias. Hope others who dont own will listen & use it as an opportunity to DYOR. Personally at their stage I would rather them invest with their cash rather than pay a divi & then borrow or dilute. Surprised the acquisition didnt start to help a re-rate but it gives me opportunity to continue to build a position. Thanks again!