Where is the growth? | Strong cash flows
One elderly company covered here has an appealing valuation, but is it a classic value trap? Elsewhere, two of AIM’s larger companies are also struggling to grow in a challenging environment, we anticipate more acquisitions to bolster their top lines. Read on here for our thoughts on this and other news, including the challenges of a fast-growing cinema chain. (Premium)
Renold: trading ahead, but where is the growth?
Renold (AIM:RNO), the supplier of industrial chains and related power transmission products which was established by Hans Renold way back in 1879, announced that results for its financial year to the end of March are now expected to be “materially ahead” of current market expectations. These were previously for revenue of £244.3m and adjusted operating profit of £26.5m. The shares look terrific value on several…
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