Share Name Share Symbol Market Type Share ISIN Share Description
Renew Holdings LSE:RNWH London Ordinary Share GB0005359004 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +7.25p +2.02% 365.75p 362.00p 365.75p 368.00p 357.75p 368.00p 79,621 16:37:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 519.6 16.1 9.6 38.1 219.08

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Renew Holdings (RNWH) Discussions and Chat

Renew Holdings (RNWH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:35:22365.7553193.85UT
16:17:14362.571450.76O
16:11:57360.003,08011,088.00O
14:41:35362.002,0007,240.00O
14:21:53364.502,6009,477.00O
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Renew Holdings (RNWH) Top Chat Posts

DateSubject
27/9/2016
09:20
Renew Holdings Daily Update: Renew Holdings is listed in the Construction & Materials sector of the London Stock Exchange with ticker RNWH. The last closing price for Renew Holdings was 358.50p.
Renew Holdings has a 4 week average price of 360.29p and a 12 week average price of 346.21p.
The 1 year high share price is 418p while the 1 year low share price is currently 292p.
There are currently 59,898,927 shares in issue and the average daily traded volume is 64,189 shares. The market capitalisation of Renew Holdings is £219,080,325.50.
27/7/2016
20:12
hopeful holder: 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!
13/7/2016
09:40
rivaldo: 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.
15/6/2016
08:53
rivaldo: 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.
05/4/2016
12:29
rivaldo: RNWH are already halfway through this financial year. It won't be long before the market's thoughts will turn to next year (to 30/9/17). Forecasts for that year are already around 31p EPS, which would justify a 440p-450p share price on RNWH's new rating. But there are a number of potential catalysts for additional progress: - RNWH have stated they expect to be in net cash by 30th September. Given RNWH's usual policy I'd expect a meaty acquisition before then, presumably enhancing earnings quite considerably - the environmental division should benefit from a big pick up in AMP7 work as new contract awards kick in - the two underperforming gas and telecom infrastructure divisions should also benefit from the recovery which RNWH expect to take place.
01/2/2016
14:24
rivaldo: Cheers Aishah, nice summary by WHI of the reasons to invest, including: "What we like Key features of the business offer significant attractions, notably the visibility which is enshrined in the £515m order book reported last week for RNWH, which suggests that 2016E revenues are now c90% covered. We also like the essential nature of RNWH’s work for its clients – support for flood defences, for bridges and tunnels in the rail sector, for remediation in some of the most sensitive nuclear sites, notably Sellafield. Another attraction is that RNWH is focused on maintenance and renewal rather than on project work, and so targets its clients’ essential profit and loss account expenditure rather than their more discretionary capital budgets. Moreover the markets that RNWH serves are growing. For instance, Network Rail is investing c.£38bn over the next five years under the CP5 programme. Notwithstanding good share price performance, the rating offers further upside given the fundamental attractions."
30/11/2015
07:50
penpont: 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.
27/5/2015
10:19
rivaldo: FYI some extracts from WH Ireland's post-results note where they raise their target price to 400p: "Renew Holdings Good H1 results, strong order book and 50% dividend raise" "RNWH’s share price has recovered from the recent doldrums, but we still believe that there is plenty of upside, hence our target price raise to 400p (+25%). Our view appears to be well substantiated by this morning’s interim results, which are a brisk 19%/20% ahead YoY (PBTA/adj. EPS). The order book was up a very healthy 28% YoY (+15% organic), incidentally providing full revenue cover to H2, and hence underpinning the FY2015E forecasts. Infrastructure asset maintenance, delivered by a skilled workforce, continues to provide an attractive stream of earnings in an environment where nuclear hazard risk reduction, framework activities under AMP6, and rail engineering investment are all very strong structural drivers. This morning’s announcement reflects the strong progress RNWH is making. Our forecasts are retained unchanged, but our target price is raised to a sector-plus rating; our FY DPS forecast is raised 12.5%. Buy." "Share price upside remains for this reliable double digit performer Margins are low single digit but increasing. Order book rises are very encouraging. RNWH continues to trade well and is a market leader in its specialities. The shares have performed well in recent times (1m +19.8%), but are still below the 327p peak and look good to us for a further run upwards given the factors internal and external that are benefitting the company. A UK orientated engineering stock seems like a good Buy at the moment – and on a longer term basis, in this case."
09/4/2015
11:34
cfb2: I don`t use AFN guesstimates to spot buys/sells ,I watch L2 and I assure you that the 24 trades were all sells,... A previous poster has stated that one of these trades marked as "sell" within those 24 trades was their own buy. You can't get more definitive than that! .. small they may be but if such a pattern continues for much longer the steady undermining will drop the share price to two quid in a few weeks, that`s the worry, however if you don`t care what the share price is don`t look-I do. Of course everyone cares about what the share price is doing but no sane person is concerned about every single trade or minute by minute movement of the share price unless it's driven by news. CFB
16/7/2013
10:05
rivaldo: WH Ireland have this morning e-mailed the following in their morning update to account holders....which may account for some of today's interest, with hopefully more to come: "Renew Holdings (RNWH) – BUY – Reiterate recommendation Market Cap £61.1m Price 96p Target 137.5p After a good set of H1 results six weeks ago, the RNWH share price has trickled back by more than 10% from the 107p high. At the same time, underlying newsflow for this stock has only been good, with further news about the energy issues that beset the UK, and reinforcement for the investment programme at Sellafield. Results showed the order book 19% ahead and net debt halved from the previous HY. We cut our FY net debt forecast to £2m from £3.2m. Our 137.5p target price suggests a 10x PE, which we believe is very achievable. We regard the current 7x PE, 5x EV/EBITDA as very undemanding. Buy."
11/5/2013
14:26
saucepan: Yes, great analysis, ic2. I note that, in 2007, eps was 11.85p. The last achieved eps was 13.95p. By those metrics, too, the RNWH share price has some catching up to do. The price was higher in 2007 than it is now. The FTSE is just catching up with its 2007 peak, so come on RNWH. Moreover, as you say, with changes to the business model, the rating should in any case be higher.
Renew Holdings share price data is direct from the London Stock Exchange
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