Renew Share Discussion Threads

[tudes100] 15/6/2016 13:24

GRatt, glad you had a lovely time, no idea what you're talking about however !!

[gymratt] 15/6/2016 13:01

Tudes, you might just get your 300p.

I'm guessing you've been there(Tudes)..marvellous place, we stayed in Casa las Chimeneas.
It was a birdwatching holiday; Golden Eagles nesting 100metres away in a massive pine tree ;@)

[santangello] 15/6/2016 12:52

xd too.....

[sphere25] 15/6/2016 12:42

This is a gift. Got some muppet fund mangler at work here.

"Engineering Services, which accounts for approximately 85% of Group revenue and 90% of operating profit, focuses on the key markets of Energy (including Nuclear), Environmental and Infrastructure, which are largely governed by regulation and benefit from non-discretionary spend with long-term visibility of committed funding"

So even if housing takes a whack from Brexit, it isn't significant. Do they suddendly stop nuclear decommissioning on a Brexit??

Bonkers move.

Already way oversold, but buy this up on any silly panic move.

[gymratt] 15/6/2016 12:40

300p first support?

[tudes100] 15/6/2016 10:16

Like Harrogate I'm planning on buying back in, held RNWH for a number of years, and still consider the outlook extremely positive for them.
Would like a sub 300p entry price but would settle for sub 310.

[harrogate] 15/6/2016 09:49

Unless I am missing something I can't see a company less likely to be impacted by the EU vote - all sales UK and non discretionary. Can now buy at 10 x 2017 EPS which I think is cheap now for the level of visibility we have for that year. I have my cash ready to buy back those I sold in March for a bit of tax planning but current markets could mean it gets a bit cheaper from here. Given cash generation there will be either acquisitions ( which might be getting a bit cheaper in the current environment ?) or a decent and steady hike in the dividend. Watching closely that is for sure

[rivaldo] 15/6/2016 08:53

Bargain time here imho. And from the long-term chart the share price looks like it's reached a level from which it can bounce nicely back upwards.

[santangello] 07/6/2016 10:07

Yes, one of our subsidiaries doing very well.

[rivaldo] 07/6/2016 09:41

Looked at Walter Lilly's news page for the first time, and there's a lot of recent news in the last week - two new large country estate project awards and three new projects in Belgravia:

[santangello] 03/6/2016 15:42

@hvs Lol.....the share price does too, but moving slowly back towards 400p.

[hvs] 03/6/2016 14:12

Many thanx, I read that hvs.

I do like the 4 similar posts, lol....nothing like shouting out a good thing :)

Article is VERY positive.

Very sorry.

My computer needs a kick up the backside

[mfhmfh] 03/6/2016 12:07

bought today. wanted to buy for a while. i think this is a good price. TA suggests this will go up from here. IMHO.

Liked this from the Questor article today:

'Net debts were £4.2m, down from £14m a year earlier, and the company expects to be in a net cash position by the year end.'

[caradog] 03/6/2016 11:59

Thanks. Shares Mag quotes losses of 7.3m FY 15, and 5.2m FY 14. It would have been clearer if they had said provisions against losses. The final sum may be more or less than 12.5m. I don't think that uncertainty about 1 final non-recurring loss or gain should affect the investment decision. Short termism in the extreme. Brian May has proved a wise and effective CEO, and part of the job is to bring forward a successor. There's absolutely no reason to question his judgment. Time will tell.

[rivaldo] 03/6/2016 11:36

Thanks for the heads up hvs - here's the Telegraph's tip:



"Renew Holdings
£3.62¼p
Questor say BUY

Engineering support group Renew Holdings has a growing order book, and rising revenues and profits which have handsomely repaid the faith in our long-term buy tip.

The company uses its engineering skills on some particularly nasty projects, such as clearing out the radioactive sludge from waste cooling water ponds at Sellafield. The company was recently awarded a 10-year framework contract for nuclear decommissioning work at Sellafield. These long-term deals provide a steady flow of work and good revenue visibility.

Renew reported a 9pc increase in the engineering order book to £416m at the end of March, bringing the total order book to £515m.

The company also provides infrastructure support work for Network Rail. Revenue increased 5pc to £265m, and adjusted pre-tax profits were up 9pc to £10.3m in the first-half ended March. The interim dividend was given an 18pc boost to 2.65p.

Renew has a track record of strong cash generation which steadily repays long-term finance used to fund expansion. Net debts were £4.2m, down from £14m a year earlier, and the company expects to be in a net cash position by the year end. More deals will clearly be in the offing.

The consensus estimates are for full-year, pre-tax profits of £21m, giving 27p in earnings per share.

Renew’s chief executive Brian May, who has led the group successfully for 11 years, will be replaced internally by Paul Scott after the September year end.

We said the shares looked cheap two years ago (Buy, 289p, September 2014). They have gained 23pc since then and trading on 13 times forecast earnings we think there is more to come. Buy."

[glaws2] 03/6/2016 11:34

Indeed there was no cost in the interims relating to the discontinued operations and as I understand it the substantial amount provided in the 2015 accounts should cover any liabilities.

[rivaldo] 03/6/2016 11:18

Caradog, "Renew retains the cost and benefit of certain contracts" in respect of Allenbuild - see the note in the prelims on Discontinued Operations, and also Note 3 to each of the prelims and the interims.

However, RNWH have already provided heavily against these contracts from the looks of it, so hopefully these will cover any further legacy losses.

[caradog] 03/6/2016 11:04

On the other hand, Shares Magazine has published a sell recommendation today on the basis of uncertainty attached to change of CEO and legacy losses related to Allenbuild which they say are to be finalised in the next few months.

That last bit was news to me. I assumed that as the business has been sold, there would be no further call on Renew. Am I wrong?

[santangello] 03/6/2016 10:41

Many thanx, I read that hvs.I do like the 4 similar posts, lol....nothing like shouting out a good thing :)Article is VERY positive.

[hvs] 03/6/2016 10:39

For anyone interested RNWH has been recommended once again today by Questor.
Daily Telegraph Business section.

Very positive write up.

[hvs] 03/6/2016 10:38

For anyone interested RNWH has been recommended once again today by Questor.
Daily Telegraph Business section.

Very positive write up.

[hvs] 03/6/2016 10:38

For anyone interested RNWH has been recommended once again today by Questor.
Daily Telegraph Business section.

Very positive write up.

[hvs] 03/6/2016 10:37

For anyone interested RNWH has been recommended once again today by Questor.
Daily Telegraph Business section.

Very positive write up.

[santangello] 03/6/2016 09:43

Progressive and in tune with the continuing growth of this wonderful company. A more defensive and reliable AIM stock you will struggle to find.Be interesting to see what the roadtrip to Institutions etc yields. Climbing back towards highs slowly by the looks of it, and still uber cheap at these levels.Many thanks once again Rivaldo.

[rivaldo] 03/6/2016 09:29

Broker forecasts for the year ending in 4 months' time appear to have edged upwards, with consensus now being 27.35p EPS compared to 26.9p EPS not long ago.

WHI go for 27.5p EPS and Numis 27.2p. With consensus 8p dividends.

For the year starting on 1st October, consensus is 30.81p EPS, with a 9p dividend.