Join our community of smart investors

Renold heads for Aim

The engineering group is raising its focus on acquisitions
Renold heads for Aim

Renold (RNO), the precision engineering products group, intends to de-list from the London Stock Exchange main market and move to the Alternative Investment Market (Aim). The engineering group told shareholders at the time of its first-half results in November that it was considering the move as part of a strategic overhaul, which included greater focus on acquisitions. Moving to Aim could “provide it with the ability to execute transactions with greater efficiency and certainty”, Renold said last year.

IC TIP: Buy at 28.2p

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in