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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Renew Holdings Plc | RNWH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.00 | 0.28% | 713.00 | 16:35:24 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 712.00 | 704.00 | 721.00 | 713.00 | 711.00 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 16/05/2023 | Interim | GBP | 0.06 | 08/06/2023 | 09/06/2023 | 12/07/2023 |
| 29/11/2022 | Final | GBP | 0.1133 | 09/02/2023 | 10/02/2023 | 03/03/2023 |
| 17/05/2022 | Interim | GBP | 0.0567 | 09/06/2022 | 10/06/2022 | 13/07/2022 |
| 09/12/2021 | Final | GBP | 0.1117 | 27/01/2022 | 28/01/2022 | 04/03/2022 |
| 18/05/2021 | Interim | GBP | 0.0483 | 17/06/2021 | 18/06/2021 | 15/07/2021 |
| 08/12/2020 | Final | GBP | 0.0833 | 28/01/2021 | 29/01/2021 | 05/03/2021 |
| 26/11/2019 | Final | GBP | 0.0767 | 30/01/2020 | 31/01/2020 | 06/03/2020 |
| 21/05/2019 | Interim | GBP | 0.0383 | 06/06/2019 | 07/06/2019 | 12/07/2019 |
| 27/11/2018 | Final | GBP | 0.0667 | 31/01/2019 | 01/02/2019 | 08/03/2019 |
| Top Posts |
|---|
Posted at 12/9/2023 14:36 by eigthwonder RNWH is built and run for long term growth - they'll stick to a steady growth in the dividend. Vistry is more a corporate finance led equity "story" and will do what it needs to boost its share price. |
Posted at 12/9/2023 12:51 by wfcreserves It was just a thought.As I understand it the raison d'etre for the VTY buy back was that it was felt the company was undervalued and that a buy back would be better use of their surplus cash for the share price than a special or ordinary dividend pay out? They haven't finalised their thoughts on it though. There are those on this board that think RNWH is similarly undervalued. |
Posted at 12/9/2023 11:10 by lammylover Totally different business - not a housebuilder affected by base rate and confidence. RNWH is a maintenance contract business. Big contracts on nuclear power stations, roads etc. Barriers to entry for this sort of work very high in terms of compliance. Non discretionary spend, high visibility on contracts etc. I'd expect RNWH dividends to continue to grow and also business to also grow through acquisition. |
Posted at 11/9/2023 18:40 by wfcreserves Hope they are not going to do a buy back instead of dividend like VTY are proposing. |
Posted at 31/7/2023 12:07 by rivaldo Andrew Hore on i.i.i wrote this on Friday, rating RNWH a Buy:"Engineering services provider Renew Holdings RNWH concentrates on maintenance work rather than large infrastructure construction projects, which makes it less risky than construction companies. There is a specialist building subsidiary, but this is small, and the growth is coming from the core engineering services provided to rail, water, highways, etc. The contracts are cost plus, so inflationary cost rises are passed on. Renew Holdings increased interim revenues by 14% to £471.8 million, while organic growth was nearly 12%. November 2022 acquisition Ensica, which provides services in the water sector, made an initial contribution in the period. Earnings were 5% ahead at 27.4p per share. The interim dividend is 6% higher at 6p. Net cash is £17 million. The group order book is worth £890 million. Full-year pre-tax profit should reach at least £61 million, although like all UK companies, earnings growth is held back by the higher corporation tax rate. The prospective 2022-23 valuation multiple is just over 12, while the forecast yield is nearly 2.5%. Shore Capital recently pointed out that Renew Holdings has met or beaten expectations each year since 2006, while underlying earnings have grown at a cumulative annual growth rate of 18% since 2011. The share price has risen by more than 600% over the past 10 years. The consistent track record suggests that the rating is too low, and the shares are good value." |
Posted at 02/7/2023 14:25 by thorpematt HH 100,Thanks for the update, I forgot about the GARP thread. it's an interesting update. I see there are not many posts on the BB. I originally sugested RNWH for it sonce felt it qa one of my portfolio that qualified. I think my long term holdings are more Quarp than GARP, that is to say I prefer quality at a discount (especially in this environment). I will endeavour to post on the GARP thread if I feel any of my stocks are relevant, because I think it is a very worthy BB. In the meantime congrats on your NWT performance!....RNWH will of course be closing the gap in due course ;-) |
Posted at 13/6/2023 10:45 by rivaldo Once again, forget the conservative broker forecasts going forward - they've always been irrelevant in the past and they will likely continue to be so.For newbies, I repeat....In Jan'17 the forecast to Sept'19 was 35.8p EPS. RNWH achieved 40.5p EPS. In Jan'18 the forecast to Sept'20 was 37.9p EPS. RNWH achieved 40.9p EPS - even with six months of Covid! Prior to that RNWH beat forecasts from earlier years in each of 2016, 2017 and 2018. Since then EPS has grown from 40.5p EPS to Sept'19 to 59.3p EPS last year - almost 50% in 3 years, always beating broker forecasts. And that's with Covid. - so it's best to ignore forward broker forecasts, which are evidently and traditionally conservative not only in terms of organic growth but also because they (rightly) exclude potential earnings-enhancing acquisitions - the perception of RNWH is shifting to a more exciting proposition with high visibility of future income, yet also involvement in multiple long term growth sectors and much less contract risk than other sector comparators - institutions love companies which consistently outperform and have high security of income. Thus over time RNWH should benefit from a double whammy of outperforming or at least meeting conservative forecasts and a re-rating from the current multiple to one more befitting of RNWH's record, i.e imo around 15-16. The various analysts covering RNWH have converged around a price target of 900p-950p. I see no reason why the share price shouldn't move towards this from here, with further upside from acquisitions and/or trading statements. |
Posted at 17/5/2023 09:31 by rivaldo I've just explained above why a rerating is possible. Quiet apart from the acquisitions which are likely.You want to go back further? In Jan'17 the forecast to Sept'19 was 35.8p EPS. RNWH achieved 40.5p EPS. In Jan'18 the forecast to Sept'20 was 37.9p EPS. RNWH achieved 40.9p EPS - even with six months of Covid! Prior to that RNWH beat forecasts from earlier years in each of 2016, 2017 and 2018. EPS has grown from 40.1p EPS to Sept'19 to 59.3p EPS last year - almost 50% in 3 years, and that's with Covid. It's therefore completely incorrect to say that RNWH "are not growing EPS". |
Posted at 17/5/2023 08:57 by rivaldo There are many things to say about that post :o))- back in December'20 the forecast to Sept'22 was for 45.4p EPS. RNWH actually achieved 59.3p EPS - beating that forecast by a whopping 30% - similarly, back in Sept'20 the forecast to Sept'21 was for 40.8p EPS. RNWH actually achieved 50.1p EPS - so it's best to ignore the broker forecasts, which are evidently and traditionally conservative not only in terms of organic growth but also because they (rightly) exclude potential earnings-enhancing acquisitions - the perception of RNWH is shifting to a more exciting proposition with high visibility of future income, yet also involvement in multiple long term growth sectors and much less contract risk than other sector comparators - institutions love companies which consistently outperform and have high security of income. Thus over time RNWH should benefit from a double whammy of outperforming or at least meeting conservative forecasts and a re-rating from the current multiple to one more befitting of RNWH's record, i.e imo around 15-16. The analysts covering RNWH have converged around a price target of 900p-950p. I see no reason why the share price shouldn't move towards this from here, with further upside from acquisitions and/or trading statements. |
Posted at 16/5/2023 07:27 by rivaldo Excellent H1 results today, as we've come to expect.PBT is up 21% on revenue up 14%, and RNWH are nicely on track to meet forecasts of around 60p EPS to 30th September. Plus there's now a fast-rising £17m cash pile, with the dividend up 6% suggesting an annual 18p dividend. All divisions are doing well - including the Specialist Building division where the order book is up by two-thirds. The overall order book is up a whopping 15% since the year end to £890m, which bodes well. And there's mention of further acquisitions. I note there were £554k of aborted acquisition costs so RNWH are evidently being careful about their next moves. And EPS though up by 5% was held back by an increased tax charge. These very encouraging results (and the optimistic narrative) should continue to support broker price targets from Numis etc of 900p or thereabouts. |
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