I contacted IR earlier in the week regarding a possible TS and they said the next scheduled information would be results in March. Not to say they won't change their mind... |
Sorry, I'll write that again.
Should have a statement soon following 20% price decline and a positive statement from Kier. Surely not going to keep shareholders waiting until full year announcement on 11th March. |
Renew Holding issued a warning and dropped 20% todayHowever, that was after it dropping 20% in the last couple of month - insider selling ?Do we have the same happening here ?I think it's incorrect to look at Net Cash - as they receive a lot of cash up front.Net current assets is better and is c£100mValues business at c£150m ?Free cash flow in H1 was £15m so full year c£30m ?5 x FCF - sounds about right for a Construction Co ? |
TT I'm like wise I believe the management,solid turnover,rising margin,plenty cash,pension funding sorted,rising dividends and respected business,there's just too many pluses |
Don't believe there is any reason for pulling back. Maybe, no news and waiting for results.Market makers trying to pick up cheap shares dropping prices. Causing others to sell fearing something going on. |
Unfortunately the company does not believe the value of providing trading updates ahead of results like many other companies.Full year results will be next update on 11th March |
Down 20% from its recent peak even though bond yields have backed off from their highs. We should expect a statement about the first half soon. I'm not adding until then. |
I've added a bit more today, let's hope we get an update soon |
Elsa agree rail at the moment is predominantly hs2 they are moving towards more rail but they are nowhere near like renew holdings over the top as usual but it creates opportunities as always |
Costain are not on CP7. Their largest contracts are on HS2. 2 large contracts were awarded in December.
Market cap £230 million. Net cash £165 million.
Over reaction IMHO. |
Forever renew holdings epic RNWH if you use ADVFN monitor you can grab them via the quote mechanism to see the rns today |
Thag / HamhamhamPlease can you share the RNS or comms?Thanks |
As investors we are left in limbo. Company could be trading ahead, in line, we just don't know. At my mental 10% stop loss level so difficult one. . |
Ahh rRenew Holdings RNS, Found the RNS now :) |
God awful communication from the company with zero updates definitely doesn't help investor confidence |
I took the opportunity to top up today.
Rimau - do you have a news link re your statements about delays? |
Thanks rimau. Down on increased volume too |
Renew profits warning based on rail project delays |
We must be in for a trading update soon last year was 10th January |
Sinking this morning. What the hell? |
One day this share might go up, performance has been poor against similar companies and against the market but I am hopeful that someone (please) will bid at this level. If another company bids say £325m they would get £160m back on their balance sheet immediately so in effect they are paying £165m for a company that makes £35m a year so in 5 years they will be quids in. I know this is just a hope but why is this company such a poor performer. |
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