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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Renew Holdings Plc | RNWH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -0.11% | 937.00 | 16:35:14 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 928.00 | 928.00 | 943.00 | 937.00 | 938.00 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 28/11/2023 | Final | GBP | 0.12 | 08/02/2024 | 09/02/2024 | 08/03/2024 |
| 16/05/2023 | Interim | GBP | 0.06 | 08/06/2023 | 09/06/2023 | 12/07/2023 |
| 29/11/2022 | Final | GBP | 0.1133 | 09/02/2023 | 10/02/2023 | 03/03/2023 |
| 17/05/2022 | Interim | GBP | 0.0567 | 09/06/2022 | 10/06/2022 | 13/07/2022 |
| 09/12/2021 | Final | GBP | 0.1117 | 27/01/2022 | 28/01/2022 | 04/03/2022 |
| 18/05/2021 | Interim | GBP | 0.0483 | 17/06/2021 | 18/06/2021 | 15/07/2021 |
| 08/12/2020 | Final | GBP | 0.0833 | 28/01/2021 | 29/01/2021 | 05/03/2021 |
| 26/11/2019 | Final | GBP | 0.0767 | 30/01/2020 | 31/01/2020 | 06/03/2020 |
| 21/05/2019 | Interim | GBP | 0.0383 | 06/06/2019 | 07/06/2019 | 12/07/2019 |
| Top Posts |
|---|
Posted at 23/4/2024 10:42 by rivaldo Cheers igoe104. RNWH seem to be on a roll at present.Looks like a good start for QTS to the Network Rail CP7 2024-2029 five year plan - which is budgeted at £44 billion. And of course Thames Water are under huge pressure to ramp up investment and maintenance spending, which is bound to happen one way or another whomever owns it. So it's encouraging to see J. Browne: "awarded the Surbiton trunk mains renewal works by Thames Water as part of the wider FA1488 PROG2011 Trunk Mains Programme". |
Posted at 03/4/2024 13:49 by rivaldo Today's news from Network Rail looks good for RNWH - Network Rail have announced £2.8 billion of expenditure in the next 5 years to protect railways from climate change and extreme weather.They particularly note repairing railway cuttings and embankments, improvements in drainage, anti-flooding measures etc which are RNWH's bread and butter. In addition, there's a £19.3bn spend on replacing old assets with new ones and investing in projects such as digital signalling, with £12.6bn earmarked for maintenance - again all grist to RNWH's mill: |
Posted at 03/4/2024 07:42 by rivaldo The respected columnist Richard Beddard has just carried out a thorough analysis of RNWH to conclude whether to buy shares for his ongoing Decision Engine portfolio.He scores RNWH with 7 out of 10, which indicates it's good value, and will be returning to potentially buy RNWH if one of the existing portfolio members is sold or excluded for some reason: |
Posted at 02/4/2024 07:21 by rivaldo Yep - you can always rely on Renew :o))From memory the broker commented that RNWH have always either beaten or met expectations since 2006, and that continues today. Once again RNWH is trading nicely in line and experiencing "strong demand for its services across all key markets", with "excellent" visibility for H2 given the order books and long-term framework contracts. Last year's H1 update was worded almost exactly the same, and RNWH ended up beating expectations by some margin. The cash pile was up to almost £36m at the year end, so should have increased further since and provides a healthy backdrop to likely acquisitions soon. |
Posted at 05/3/2024 08:49 by rivaldo Siemens are a client of RNWH's, and the UK's transition to digital signalling has long been flagged up as a big opportunity by RNWH in presentations - it was a prime reason for buying Giffen.For example, even back in 2019 RNWH noted that the Government had awarded £450m to digital signalling in the National Productivity Investment Fund. So it's encouraging to read in today's news that Siemens are now building a new £100m signalling factory in Chippenham: |
Posted at 07/2/2024 09:31 by rivaldo Fundamental Asset Management hold RNWH in their portfolio, and their fund manager is very positive about RNWH in this new podcast - listen from around 15 minutes in:Also, it's relevant to see a rail recruitment industry specialist who works with RNWH's AMCO having a record results year and being similarly bullish: "Coleman James partners with SMEs and PLCs in the rail industry, including AmcoGiffen (part of Renew Holdings PLC), VolkerRail, Motion Rail and RES Group. "Much of our growth is aligned to recruiting personnel to fulfil CP6 infrastructure projects, particularly for Tier 1 and Tier 2 contractors," explained Andrew Mackay, Managing Director at Coleman James. "We’ve built successful, long-term partnerships with SMEs, owner-led businesses and Plcs, particularly across telecoms, civils and signalling. For our next phase of growth, we’ll be targeting infrastructure companies on the CP7 framework as well as major projects across the rail industry, who share our commitment to deliver quality and value, through sustainable recruitment strategies." |
Posted at 18/12/2023 12:55 by wfcreserves I'm sure we are all grateful for the rise in the share price But as that Roland Head write up ended, "I'm not likely to buy Renew Holdings while the dividend yield is so low. But I remain impressed by this business and believe it probably does have some degree of competitive advantage in its specialist niches – notably nuclear energy." As the share price rises the dividend yield gets lower and will put off those who need income from their investment presumably those like Roland Head. So my question would be how far can it go on the low dividend yield? |
Posted at 14/12/2023 12:39 by wfcreserves The view from the above roland head article."Renew's dividend yield is low due to the company's prudent dividend cover of three times earnings. But my preferred measure of EBIT/EV gives an earnings yield of 9%, which I think could be decent value. A free cash flow yield of over 6% also looks reasonable to me. I'm not likely to buy Renew Holdings while the dividend yield is so low. But I remain impressed by this business and believe it probably does have some degree of competitive advantage in its specialist niches – notably nuclear energy." |
Posted at 03/10/2023 08:14 by rivaldo Agreed rimau. I've already addressed Harrogate about this before, so will repeat my prior post as they render his point about EPS forecasts completely redundant.Forget the conservative broker forecasts going forward - they've always been irrelevant in the past and they will likely continue to be so. For newbies, I repeat....In Jan'17 the forecast to Sept'19 was 35.8p EPS. RNWH achieved 40.5p EPS. In Jan'18 the forecast to Sept'20 was 37.9p EPS. RNWH achieved 40.9p EPS - even with six months of Covid! Prior to that RNWH beat forecasts from earlier years in each of 2016, 2017 and 2018. Since then EPS has grown from 40.5p EPS to Sept'19 to 59.3p EPS to Sept'22 - almost 50% in 3 years, always beating broker forecasts. And that's with Covid. - so it's best to ignore forward broker forecasts, which are evidently and traditionally conservative not only in terms of organic growth but also because they (rightly) exclude potential earnings-enhancing acquisitions - the perception of RNWH is shifting to a more exciting proposition with high visibility of future income, yet also involvement in multiple long term growth sectors and much less contract risk than other sector comparators - institutions love companies which consistently outperform and have high security of income. Thus over time RNWH should benefit from a double whammy of outperforming or at least meeting conservative forecasts and a re-rating from the current multiple to one more befitting of RNWH's record, i.e imo around 15-16. And to update regarding this year to Sept'23, we now know that RNWH have yet again beaten forecasts. In Oct'22 Numis were forecasting 55.4p EPS for the year to Sept'23. It's now likely that RNWH will have achieved between 63p-65p EPS. Another significant outperformance. The various analysts covering RNWH have converged around a price target of 900p-950p. I see no reason why the share price shouldn't move towards this from here, with further upside from acquisitions and/or trading statements. |
Posted at 12/9/2023 11:10 by lammylover Totally different business - not a housebuilder affected by base rate and confidence. RNWH is a maintenance contract business. Big contracts on nuclear power stations, roads etc. Barriers to entry for this sort of work very high in terms of compliance. Non discretionary spend, high visibility on contracts etc. I'd expect RNWH dividends to continue to grow and also business to also grow through acquisition. |
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