Renew Share Discussion Threads

[santangello] 21/12/2015 13:58

100k buy....what a positive berometer that is !!!

[rivaldo] 15/12/2015 13:53

Came across a nice mention for RNWH here, in connection with the Chancellor's Autumn Statement, which no-one's mentioned AFAICS:



“Infrastructure-related plays are also enjoying small gains today as investors reflect on the Chancellor’s £61bn commitment to boosting Britain’s roads, railways and flood defences. WS Atkins is up 3 per cent while Balfour Beatty and Renew Holdings are up 2 per cent,” says Mould."

[bisiboy] 09/12/2015 13:56

took some profits yesterday as it hit 10x for me still holding the rump though.

[wad collector] 08/12/2015 14:30

All the more impressive when you consider that these were close to going bust 20 yrs ago , with a share price languishing about 8p at one point.
They were about £20 5 yrs earlier mind you . ( £2 pre 10/1 consolidation to be more accurate)

[iandippie] 08/12/2015 11:04

400! Huzzah! As predicted. Why, thank you ;-)

[hubrad] 08/12/2015 10:44

A kiss at 400.. onwards and upwards!

[scottishfield] 07/12/2015 17:14

excellent, tks nurdin

[nurdin] 07/12/2015 17:12

Citywire comment today..sorry if this has been posted before.


Godber and Hamilton ramp up Renew stake
Citywire AAA-rated value managers George Godber and Georgina Hamilton have ramped up their stake in engineering services group Renew Holdings (RNWH) as it announced it had hit key targets early.

The team increased its holding in Renew to over 5% of the business worth £12.6 million at a price of 389p, up by more than 30% over one year.

The shares are largely held in their £378 million CF Miton Value Opportunities fund with a much smaller position held in their £72.3 million Miton Undervalued Assets fund.

Renew has soared in recent days as it told shareholders it had hit its 2017 target of generating more than £500 million in revenue early, and shared the success with a 40% increase its full-year dividend.

Broker WH Ireland rates Renew a ‘buy’ on 425p.

[scottishfield] 07/12/2015 16:40

Agreed rivaldo. Had a small topup here earlier today, so a good day for me.

[thecroots] 07/12/2015 09:29

Holding really firm ATM

Anyone know why all the buys in FIF this morning?

[rivaldo] 07/12/2015 08:36

The awful flooding in Northern England (commiserations to anyone involved) has a silver lining for RNWH, with lots of additional work likely on the repair of bridges and rail lines etc a la Dawlish. This year may have a nice early boost.

On the nuclear decommissioning side, there are truly staggering opportunities and figures involved:

- Western Europe has 150 plants to decommission by 2030
- the UK sites alone will cost £70 billion plus to decommission
- the NDA's current year expenditure is £2.91 billion

[wad collector] 04/12/2015 20:35

Absolutely ; nuclear decommissioning is good earner . There are few providers , the mess HAS to be cleaned up and no-one is going to accept corner cutting. Even if no new stations are ever built , there is decades of secure work for somebody.

[iandippie] 01/12/2015 10:30

And you pal. I must admit to having top sliced, but I have held since it was around 40p, and have only skimmed along the way. It has always be my largest/second largest holding. Happy days, and much more to come me thinks!

[hvs] 01/12/2015 10:10

Hi Ian,

You are right. It will hit the fours. I dont mind how long it takes
as long as it stays there.

I really feel even fives is possible if they make another nice acquisition.

I am so gld I havent sold any.

Good luck to you.

[iandippie] 01/12/2015 10:05

Only matters if you are selling.

[2breakout] 01/12/2015 09:39

why does this have such a big spread now?

[iandippie] 01/12/2015 09:05

Hi hvs

OK, so my 400 prediction of within one week of the results was not hit, but surely you must agree that this will touch the fours before we sit down for a turkey dinner this year :-)

Ian.

[harrogate] 01/12/2015 08:47

Great response to results - better than I was expecting. I think they made it pretty clear in the Brian May interview that any deals this year would not be in H1 - but if you take his words literally it could be we see deals across more than one of their segments. That is what the end of the interview suggested to me anyway.

[pj 1] 01/12/2015 08:47

Took my (very nice) profits way too early here so well done to those with more foresight than me!

[glaws2] 01/12/2015 08:46

Rivaldo - Brian May, in his interview, stated that acquisitions were likely to be in H2.

[rivaldo] 01/12/2015 08:42

Cheers penpont, that's a good summary.

Great to see buying coming in at 385p today. I'm hopeful we'll see another acquisition or two before long.

[hvs] 30/11/2015 12:23

Thank you very much for that penpont.

BRIAN MAY IS A STAR

[penpont] 30/11/2015 07:50

Thanks for the recent info rivaldo - here's ST's comment in the IC last week:

(RNWH: 362p), an Aim-traded engineering services group specialising in the UK infrastructure market, has issued top of the range results, a positive outlook statement and declared a robust increase in the dividend for good measure.
The board can certainly afford the 40 per cent hike in the payout to 7p a share, as the company ended the 12-month period to 30 September 2015 with net debt of only £4.8m, down 70 per cent year on year. Balance sheet gearing is now only 20 per cent of shareholders funds, and falling. Indeed, with the business cash generative and analyst Nick Spoliar at brokerage WH Ireland upgrading his fiscal 2016 pre-tax profit estimate by 8 per cent to £21.1m and lifting his EPS estimate by 10 per cent to 27.5p, then guidance is for the company to turn into a net cash position in the current fiscal year. Mr Spoliar expects the dividend per share to be hiked a further 12 per cent to 8p. On this basis, the shares are being rated on 13 times earnings forecasts and offer a 2.2 per cent dividend yield.
Importantly, those estimates are well underpinned by an order book up 14 per cent year on year to over £500m, buoyed by specialist hazard risk reduction work in nuclear energy, and at Sellafield in particular, and by renewable energy contracts with clients including E.ON, SSE and Scottish Water. The company has been winning a raft of infrastructure contracts elsewhere including one with Northumbrian Water, for sewage repairs and maintenance work, and for rail work where Renew Holdings is the national leader in engineering skills for works on tunnels and bridges.
For instance, Renew successfully carried out repair work on the Dawlish lower sea wall following last year's severe storms, which cut off rail access to south west England, and has subsequently won a contract to protect the coastal line at Saltcoats in Scotland. These awards helped drive both operating profit and EPS up by a quarter to £20.4m and 26p, respectively, on revenues ahead 12 per cent to £520m in the latest 12-month trading period, easily beating consensus estimates.
Renew's board is proving adept at generating organic growth, too”
In the circumstances, it's hardly surprising that investors have been warming to the shares with the price now in the middle of my target price range of 350p to 375p, having risen by 40 per cent since I recommended buying at 258p ('A small-cap break-out', 14 August 2014). I last advised buying at 315p ahead of the results ('Engineering ratings upgrades', 6 October 2015). Investors are likely to remain positive, too, because the board are on the look-out for more earnings accretive acquisitions.
Bearing this in mind, the company has completed six major deals since 2006 without seeking recourse to shareholders for funding. And with its key engineering services division, accounting for 85 per cent of turnover, posting 22 per cent underlying revenue growth in the fiscal year just ended, excluding the contribution from acquisitions, then Renew's board is proving adept at generating organic growth, too.
Reflecting the aforementioned earnings upgrades, and potential for earnings accretive bolt-on deals in the coming months, I am raising my target price range to between 390p to 400p, implying a rating of 14 times earnings estimates. It's worth noting that Renew's share price has just taken out its summer highs post this week's results and has given a swing and point and figure buy signal on the charts. It's one worth following and, on a bid-offer spread of 358p to 362p, I rate the shares a buy.

[rivaldo] 30/11/2015 07:37

Jeff, will you reproduce the article please - I don't subscribe.

I understand that Simon Thompson has a new increased price target of 400p.