Chain cheers | Interest winner | Meaty first
News covered here includes our assessment of results from a well-established supplier of industrial chains. The growth in profits is impressive and the rating looks cheap – what’s the catch? Elsewhere, there was another positive update from one of our Stonking Small Cap opportunities and a world first for a creator of cultivated meat. Read on here for this and other news.
Remember to use our updated AIMsearch tool from the link here to discover which AIM companies benefit from the valuable Inheritance Tax reliefs.Onto our assessment of recent news.. Renold: excellent results, but… Renold (AIM:RNO), a supplier of industrial chains and related power transmission products which was established by Hans Renold back in 1879, announced excellent results for its year to the end of March 2024. Renolds high-quality chains have countless of applications across numerous sectors. While revenue fell 2% to £241.4m, adjusted operating profit of £29.7m (margin 12%) was 23% ahead of the prior year. High levels of activity seen…