MARKET TALK: Renold Shr Weakness An Opportunity - FinnCap

8th Jun 2010 14:28

1328 GMT [Dow Jones] The recent share price weakness in Renold (RNO.LN) is an opportunity to pick up the stock says David Buxton, analyst at FinnCap. He adds that with considerable operational gearing even on a lackluster economic recovery, profits should see considerable upside. Renold reported Tuesday a pretax loss of GBP13.6M for the year to March 31, compared with a profit of GBP2.9 million for the prior fiscal year. Buy rating, 60p fair value. Shares -11% at 25p.([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 08, 2010 09:28 ET (13:28 GMT)