Renold has reported interim results which are creditable, albeit markets remain challenging and for Renold this is particularly frustrating given the debt levels and pension while the recent accounting issues are still relatively fresh in the memory. The announcement of the departure of the CFO is likely to be disruptive and extend uncertainty. Neutral.
13 Nov 2019
Interim results, first look
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Interim results, first look
Renold plc (RNO:LON) | 47.6 -0.1 (-0.6%) | Mkt Cap: 107.4m
- Published:
13 Nov 2019 -
Author:
Andrew Simms -
Pages:
2
Renold has reported interim results which are creditable, albeit markets remain challenging and for Renold this is particularly frustrating given the debt levels and pension while the recent accounting issues are still relatively fresh in the memory. The announcement of the departure of the CFO is likely to be disruptive and extend uncertainty. Neutral.