Renew Share Discussion Threads

[rivaldo] 03/10/2022 15:31

Exactly. Hopefully today's news will be enough to trigger a bounce back to say 700p-750p before the prelims in early December - current markets allowing!

[igoe104] 03/10/2022 07:36

Excellent update, and certainly no reason for the big sell off. At the moment the market as no brain, and is panic selling anything off..

[harrogate] 03/10/2022 07:16

Yes all good. Cash will be higher than that Riv. That is the consensus number and they say they are ahead of that. Doubt this will get this moving in the current market. But happy to see what they do next. Surely must be working on a decent acquisition?

[rimau1] 03/10/2022 07:13

Excellent news. Phew. A marginally ahead update is very rare these days. Well timed director buys last week and a few of us here too i suspect!

[rivaldo] 03/10/2022 07:12

Today's year end update confirms RNWH have traded slightly ahead of expectations - and RNWH now have a £9m cash pile to spend, also ahead of expectations. The order book and outlook are "strong" and core markets are trading well. The £54m+ operating profit should therefore equate to around 55p historic EPS, so the current year P/E is barely in double figures, especially stripping out the cash pile - which could be used for quite a meaty acquisition. Excellent: Https://uk.advfn.com/stock-market/london/renew-RNWH/share-news/Renew-Holdings-PLC-Year-End-Trading-Update/89194693

[harrogate] 30/9/2022 08:25

I am sure this is the cheapest we have been for many years, excluding covid. It is not the share price that tells you that alone but the multiple. The share price might have been lower but EPS was much lower then. I think the recent and unusual share purchases by directors suggest it is the market. But I guess we will find out very soon. I would like them to sell the construction division and become a pure play support services operator. Must be on the radar of a buyer given the level of security around the revenue

[wad collector] 30/9/2022 08:16

I suppose that if you look back further in time , to pre-covid period, the current share price is still higher than it was then. So maybe not such a bargain considering there are a lot of bombed out shares out there , many from blue chip companies and Trusts.

[rimau1] 30/9/2022 07:54

I think we are on about 10.5x current year earnings now (52-54p) which is the cheapest for a long while excluding the covid crash when we hit £5 briefly (and all topped up!!!). The concerns about govt fiscal tightening shouldn’t impact Renew since we mainly offer essential non discretionary services. Appreciating margin pressure from inevitable wage increases/labour shortages and supply chain concerns i am still assuming the drop is unwarranted and market related which makes this a bargain. Any other views?

[rivaldo] 30/9/2022 07:25

Yep, good to see a third director buying shares - at £20,000's worth I assume she's filled her ISA up with RNWH shares. And this on the day before the year end! Has to be a pretty useful indicator of current trading.

[cwa1] 29/9/2022 16:39

Not just me that thought it was worth a nibble them :-) https://www.investegate.co.uk/renew-holdings-plc--rnwh-/rns/director-pdmr-shareholding/202209291624412239B/

[wad collector] 29/9/2022 15:04

I suspect that like me , your portfolio is rather heavy with RNWH. There are a lot of temptations elsewhere, I am trying not to be tempted here.

[rivaldo] 29/9/2022 13:47

With decent-sized director buying at 677p and 664p in the last couple of weeks - and just before the year end - the current price looks extremely tempting for another top-up. There are some extremely distressed/forced sellers out there across the markets.

[harrogate] 23/9/2022 12:50

In 2020 when the pandemic hit all the forecasts were slashed as so much uncertainty. Then actual results came in well ahead so they updated as soon as this was clear. This happened to a lesser extent last year as they knew they were going to beat. Normal broker numbers now in the market and so with no update I assume we are close to these and so normal trading update timing. I hope I am wrong of course and they beat again.

[wfcreserves] 23/9/2022 10:33

Wouldn't you expect a later update during a period of uncertainty??

[harrogate] 23/9/2022 09:34

Yes but both really in the Civid era when things were all over the place in terms of forecasts

[wfcreserves] 23/9/2022 09:28

Last two years updates were published early September but before that they were beginning of October.

[harrogate] 23/9/2022 07:56

Last year was unusual. I would expect one very early in October.

[mattboxy] 23/9/2022 07:45

We're we due a trading update here. I think last year we had one by now!

[rivaldo] 21/9/2022 22:47

Certainly intriguing to get a second director share purchase just before the year end. I think an "ahead" statement is possible - the Board meeting to look at the final management accounts for the year won't have happened yet, so the directors are still free to buy at this stage. Even if not, at minimum it would seem that the final figures and/or the outlook will be encouraging.

[harrogate] 21/9/2022 13:10

Another director share purchase. Timing is as you say interesting but probably means we are not going to get an ahead statement in September like last year. All good though as they are not regular buyers.

[rivaldo] 14/9/2022 07:27

Great to see the Chairman buying £40,000 of shares at 677p. Certainly encouraging as it's so unusual! Most intriguingly, it's just before the year end and the closed period..... Which suggests that things might be going rather well, with the year end trading update due any time soon.

[cwa1] 13/9/2022 17:09

Director / PDMR Shareholding Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces that David Brown, Chairman, has notified the Company that earlier today he purchased 5,878 ordinary shares of 10p each in the Company at a price of 677p per share. As a result, David Brown's holding in the Company is now 12,920 shares representing 0.016% of the issued share capital.

[rivaldo] 13/9/2022 09:54

AmcoGiffen and Carnell have teamed up on a new JV for a 6 year National Highways framework which has already commenced: Https://www.amcogiffen.co.uk/news/agc-first-project-for-new-joint-venture "07/09/2022 New Highways Joint Venture Delivering for National Highways AGC has almost completed its first project as a leading provider of road restraint systems (RRS) for National Highways, on their six-year Scheme Delivery Framework, which commenced in 2021. The scheme located in the East Midlands, is carrying out safety barriers, find and fix work on M69 junction 1 to M1 junction 21 to create safer journeys for customers. AGC, which comprises AmcoGiffen and Carnell will deliver barrier and fencing works in the central super region, and north west and north east regions. The joint venture expertly marries highways with rail delivery methods and means that we can draw upon different skills and capabilities from both sister organisations, adding strength, combining competencies and specialist abilities..... .....This is just a flavour of some of the activities that AGC will offer to help National Highways safely deliver an intense programme of investment over the coming years. Bryan Kennedy, Operations Director, AmcoGiffen, said: “I’m excited that AGC has started its journey with National Highways and can bring fresh new ideas to support their crucial delivery plans. Our collective expertise means we’re able to innovate, adapt and flex to meet the needs of National Highways and its customers as it moves through RIS2 and beyond. We know that AGC will play a key role in helping National Highways future-proof our strategic road network and we’re delighted to be a part of that.”

[rivaldo] 06/9/2022 09:34

Good to see RNWH described as "exciting" by Chris McVey of the FP Octopus UK Multi Cap Income Fund :o)) Https://moneyweek.com/investments/stockmarkets/uk-stockmarkets/605291/the-best-uk-shares-to-buy-now "The FP Octopus UK Multi Cap Income Fund blends UK shares from across the entire British equity market to construct a portfolio capable of above-market earnings and dividend growth throughout the economic cycle. The fund seeks to generate an attractive and growing dividend yield. It benefits from being able to pick stocks where we see the most attractive opportunities at the most exciting valuations, regardless of a company’s size. Following the recent market turbulence, many companies have seen their share prices disconnect from the underlying business performance, particularly within the small and midcap sectors. We are therefore fortunate to have a large number of exciting opportunities on very attractive ratings." "Engineering long-term growth Renew Holdings (Aim: RNWH) is a UK-focused engineering-support services provider. It operates on some of the country’s most challenging infrastructure networks, including rail, water and energy. The business operates with strong market positions underpinned by long-term, non-discretionary spending cycles. The company’s commercial agreements are also partly pegged to inflation, which allows it to better manage the challenge of increasing prices that are inflicting pain on many other UK shares. The group has seen revenues rise by over 13% in the latest half-year report. Given the ongoing need for infrastructure spending in the UK, partly driven by the levelling-up agenda and the “greening” of the economy, we think Renew will continue to make significant progress."

[wfcreserves] 01/9/2022 15:13

A large drop with a trading update on the horizon?