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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
|
|
|---|---|---|---|---|
| -8.00 | -0.76% | 1,046.00 | 12:49:56 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,066.00 | 1,046.00 | 1,066.00 | 1,054.00 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 14/05/2024 | Interim | GBP | 0.0633 | 06/06/2024 | 07/06/2024 | 10/07/2024 |
| 28/11/2023 | Final | GBP | 0.12 | 08/02/2024 | 09/02/2024 | 08/03/2024 |
| 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 |
| Top Posts |
|---|
Posted at 19/11/2024 12:09 by rivaldo RNWH thoroughly praised by "professional investor & Director at CEN Group Iain Staples" in conversation with Paul Hill (from 55.05 mins in): |
Posted at 11/11/2024 14:14 by rivaldo Nice review of RNWH in the IC's new AIM 100 for 2024 - RNWH come in at number 10. I can only access the start as follows:"10. Renew Holdings As we’ve seen in parts of North America, there comes a point when infrastructure spending moves from something that is desirable to something that is imperative. We may well have passed that point in the UK some time ago. And it’s this need to update the UK’s ailing road and rail networks that is supporting contract volumes at Renew Holdings (RNWH). In a recent year-end trading update, the engineering services group confirmed that organic growth was being “underpinned by a robust order book which benefits from the UK's committed infrastructure spending programmes and clients’ long-term operating budgets”. The upshot is that revenue, operating profits and net cash are all expected to come in ahead of market consensus when the company reports figures for the year to 30 September next month. etc" |
Posted at 07/11/2024 09:52 by rivaldo Cheers igoe104, reads well:"Headquartered in South Lanarkshire, Scotland, this move represents a significant phase of growth for the company, which aims to enhance its service delivery and support future demand across the UK." RNWH were also featured nicely in SCSW last weekend as one of their "Updates & Ideas", noting that the acquisition of Full Circle and the disposal of Walter Lilly were "two hugely margin-accretive developments". There's an interesting section re Full Circle, noting that it's not subject to regulatory spending cycles, as it operates via non-discretionary "planned and reactive maintenance agreements with asset owners, who require minimal downtime for turbines", supported by recurring full-scope contracts with 7-year average contract lengths and 95% renewals. SCSW conclude that RNWH is "a multi-stage rocket that looks almost certain to go even higher". |
Posted at 30/10/2024 13:36 by rivaldo RNWH were seen as one of the more vulnerable stocks if inheritance tax reliefs on AIM stocks were abolished.Fortunately Rachel Reeves has seen sense, and a 50 per cent relief from inheritance tax will be applied to AIM shares, setting the effective tax rate at 20 per cent - so only a partial measure. So now everyone is scrambling to get back in here as one of the highest quality companies on the market (imo!). |
Posted at 22/10/2024 13:55 by rivaldo Wfc, I suspect you missed the sarcasm in my post which was buried too deeply! Simply Wall St is from what I understand just an automated service with no nuance or understanding whatsoever. You are definitely asking too much from it with such penetrating observations :o))Nevertheless, it's good to see RNWH still marked as an undiscovered gem despite the obvious chart counter to that over the last year.... |
Posted at 12/10/2024 07:59 by davebowler ii Company of the yearThis year: Renew Holdings (RNWH)Last year: Alpha Group International (ALPH)Engineering services provider Renew Holdings RNWH0.37% w |
Posted at 09/10/2024 08:02 by rivaldo Nice upturn - news of yesterday's upgrades seems to be spreading today.RNWH have diversified a number of times in recent years, - roads, water, airports, rail electrification - but all have succeeded. Obviously wind turbines are a new area, but the key is that the modus operandi remains exactly the same, i.e "repair, maintenance and monitoring services", which are straight out of RNWH's appealing operating model. |
Posted at 03/9/2024 09:28 by rivaldo Berenberg has stated that RNWH trade on a multiple of only around 14, and it has a 1250p target price. So plenty of current upside there.A P/E of 14 is expensive for RNWH historically, but that was when the market had completely misunderstood RNWH's operating and risk-averse model. Things have changed. I would venture that given this plus RNWH's involvement in a plethora of high-growth yet secure sectors like water, 5G, the electricity grid, nuclear decommissioning, rail electrification etc, it's possible for RNWH to re-rate to multiples of 17-20 given its almost immaculate recent track record and assuming it continues to perform and generate good cash flows. This is supported by the likelihood of further earnings-enhancing acquisitions. It's worth noting that RNWH have already made three acquisitions in the last year. Not long until the year end trading update (2nd October last year). |
Posted at 18/12/2023 12:55 by wfcreserves I'm sure we are all grateful for the rise in the share price But as that Roland Head write up ended, "I'm not likely to buy Renew Holdings while the dividend yield is so low. But I remain impressed by this business and believe it probably does have some degree of competitive advantage in its specialist niches – notably nuclear energy." As the share price rises the dividend yield gets lower and will put off those who need income from their investment presumably those like Roland Head. So my question would be how far can it go on the low dividend yield? |
Posted at 03/10/2023 07:14 by rivaldo Agreed rimau. I've already addressed Harrogate about this before, so will repeat my prior post as they render his point about EPS forecasts completely redundant.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 to Sept'22 - 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. And to update regarding this year to Sept'23, we now know that RNWH have yet again beaten forecasts. In Oct'22 Numis were forecasting 55.4p EPS for the year to Sept'23. It's now likely that RNWH will have achieved between 63p-65p EPS. Another significant outperformance. 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. |
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