Renew Share Discussion Threads

[glaws2] 09/8/2016 09:30

Rivaldo

It is listed under the Environmental sector in the 2015 presentation

"Third phase of Palace of Westminster cast iron roof repair project awarded"

[rivaldo] 09/8/2016 09:20

Spot on Harrogate. I saw the story in The Times about the £4 billion Parliament refurbishment and got over-excited about Allenbuild, remembering 5 minutes after posting that Allenbuild had been sold....

According to this link it was Allenbuild who did the work at Parliament, and based on this they certainly had a fantastic chance of getting a large portion of the work given their prior record at Westminster:



However, I can't find any record of Walter Lilly doing work at Westminster. Do you have any evidence of this?

I agree about RNWH being much too cheap given the approaching 31p EPS forecasts and likely earnings-enhancing acquisitions.

The trading update in 7-8 weeks should do the trick given the strong visibility, order books and "on track" outlook from the interims in late May.

[harrogate] 08/8/2016 18:53

Not sure what the article was that Rivaldo posted but if it was to do with the Houses of Parliament project it is highly likely that they will get some of that through Walter Lilly as they have done quite a bit of the roof repair work there already - Allenbuild which was sold never did that sort of work anyway.
Thought these might have bounced a bit recently but seem stuck - I wonder if it is because of worries about the construction side of the business? Only 1 1/2 months away from being on a PE of close to 10 and having net cash. Given the level of visibility they have on sales I think that is too cheap and can move up from here but we might need to see the actual 2016 number hit and confirmation of the 2017 number at least at current consensus of 31p - or a deal!!

[rivaldo] 07/8/2016 19:29

Er....perhaps you should read what I actually wrote in the end to replace the original rubbish? :o)) Please keep up!

[sharw] 07/8/2016 12:55

rivaldo - I'm afraid that you are again clutching at straws. Allenbuild, annual turnover around £80m, is just not going to be given a £4bn contract. Even if it got something as a possible sub-contractor it wouldn't do RNWH any good because it was sold to Places for People Group two years ago.

[rivaldo] 07/8/2016 07:47

Post deleted as completely irrelevant :o))

[rivaldo] 03/8/2016 10:15

Not for any of us to know for certain gb, but I very much doubt that one piece of repair work can be held responsible for the collapse of a Victorian bridge which has been known to be crumbling for some time!

It seems to me more likely that this could be a mini-Dawlish emergency situation, giving a nice boost to RNWH's interims to 30/9 and likely to H2 as well.

[grahamburn] 03/8/2016 09:47

rivaldo

Agree with your post 8201, but.............

..........were Amco actually involved in the original inspection/repair work prior to the collapse?

If so, that would put a slightly different perspective on the potential benefit from doing the repair work - and even future work elsewhere on the network!

[rivaldo] 03/8/2016 07:46

...and AMCO also working on a major £7.6m project to be completed by March'17 on a huge viaduct in Rutland (this report dated 1/8/16):

[rivaldo] 02/8/2016 10:45

On the news this morning - potentially big job for Amco working for Network Rail repairing this collapsed bridge which has caused "rail chaos" to trains between the East Midlands and London:

[santangello] 28/7/2016 16:43

Patience needed here....for one of the best defensive stocks out there, with a robust order book, balance sheet and management....the stock is performing absolutely appallingly, and I can see why the impatient would sell.I, however, am long, and I am not concerned, as long term there are fortunes to be made here. I would ignore SETS, which have ruined this stock IMHO, and ignore the hideous recent performance of the stock and continue to add and put in the 'leave alone and check in 6 months drawer.Good luck to all long holders.

[hopeful holder] 27/7/2016 20:12

This has been struggling along to get a decent share price increase despite having a great order book. At some point soon this is going to get going. This is one of my smaller holdings but nevertheless, I am expecting a reward for holding these!

[rivaldo] 26/7/2016 12:16

Big project for RNWH's AMCO at the Severn Tunnel



Extracts:

"Network Rail engineers prepare for Severn Tunnel electrification at state-of-the-art training facility

22 July 2016"

"Network Rail, with support from the Welsh Government, will spend more than £1bn modernising the rail system in Wales."

[santangello] 20/7/2016 14:44

Sentiment getting better with buy/sell ratio improving.....sellers starting to clear ?

[rivaldo] 20/7/2016 13:43

Looking better here now, with the bid price moving up to 344.5p.

[santangello] 15/7/2016 15:25

Not sure this is any kind of significant move, until confirmed by consistent close above 360p. There is a distressed seller here, and possibly a large buy order being gradually filled, slowly.

I massively hold here, but would be no more surprised to see 300p tested as I would to see 360p breeched in the short term.

I personally, as an investor (not gambler, trader, speculator or ramper) hold for the long term, with a stratergy to add no matter what the price, under 380p, leaving blue sky reviewing at 450p in time.

Edit: another very disappointing end today in real terms, the seller/s are still very active here. It will be interesting to see the MMs reaction when buyers eventually get the upper hand here, which I am sure all intelligent holders will hold and wait for in time.

[rivaldo] 13/7/2016 12:18

The spread on RNWH varies incredibly - it's often only 1p-2p, and just earlier on today was only 6p. Watch and wait. And it's usually possible to deal well inside the published spread anyway.

EDIT - there you go : at 15.55 pm the spread is now only 1.5p....

[bangalorebob] 13/7/2016 11:51

Why is the Bid offer spread so big? really making to tough to buy.

[rivaldo] 13/7/2016 09:40

Great to see Octopus Investments going above 15% now, with over 9.3m shares.

There's really only one reason for buying a share - because you believe the price will go up. There are however many reasons why institutions top-slice/sell, many of which have absolutely nothing to do with the trading or even share price performance of the investee company itself.

[wad collector] 13/7/2016 09:11

As long as another institution did not sell 179k shares.

[santangello] 12/7/2016 19:53

Wow, another massive shot in the arm for holders.....an Institution adding 179550 shares !!!

Perhaps the kind of confidence that may get this share out of a disappointing trading range ?

[rivaldo] 07/7/2016 08:15

It's time for RNWH to bounce.

They've already achieved 13.31p EPS in H1, and H2 revenues were already secured at the H1 close on top of the strong order books.

In 3 months' time RNWH will almost be on a single-figure current year P/E given forecasts of 30.81p EPS.

And it's likely that we'll see a large-ish acquisition some time soon given the strength of the Balance Sheet (net cash).

[thecroots] 04/7/2016 21:03

Seems way too cheap at the minute...
I'm hoping the directors haven't bought because of a possible acquisition!

Here's hoping anyway and hoping they buy at the right price.

Only matter of time I would of thought

[wad collector] 28/6/2016 17:38

I suppose the sellers logic is that this was sub 250 a year ago and they might be able to pick them up again that cheaply with the market chaos. Not me though ; would add, but decided even bigger bargains elsewhere.