Renew Share Discussion Threads

[spiceboy] 19/12/2024 08:43

Seems like a steal at this price! I'd buy more but it's already my biggest holding by miles...

[bagpuss67] 19/12/2024 08:15

Got a lot of these but getting tempted to add a few.. If I get 925p will be very happy...

[rimau1] 19/12/2024 07:12

Ofwat £104bn investment programme upgrade announced, hopefully we get a slice of the pie.

[rivaldo] 18/12/2024 13:42

Meanwhile, lots of news flow:

An example of emergency works following Storm Bert by QTS:



Full Circle has signed a full-scope O&M wind turbine contract with Simon Howie Butchers Ltd in Perthshire, Scotland:



Clarke Telecom deliver a wireless connectivity solution for Network Rail using IoT and AI-assisted systems etc:




And Clarke Telecom are "Exploring the Evolution of Mobile Connectivity and Clarke Telecom's Role In 5G and Beyond":

[bulltradept] 17/12/2024 09:48

I know you are all funnymental types, but there looks to be a death cross forming on the daily.

Perhaps it is people also seeing this as weakness?

[rivaldo] 16/12/2024 11:50

Amati UK Smaller Companies have just issued their November factsheet.

They've been buying more RNWH as a "core holding", and RNWH has actually appeared in their top 10 holdings for (from memory) the first time as their ninth largest holding:

[chrismo] 13/12/2024 11:21

Refers to work at all three airports.

[chrismo] 13/12/2024 11:19

The framework agreement was mentioned in the aviation section of the CEO’s review in the Final Results in November. The MAG announcement seems a bit late in comparison.

[gswredland] 13/12/2024 09:43

Thanks for your posts guys.
RNWH does seem to have taken a beating in last few weeks!

[rivaldo] 13/12/2024 09:07

Excellent igoe104, here's a link:



And further good news today for RNWH's new subsidiary Full Circle:



"Miliband unveils new powers to approve large wind farms
13 December 2024, 02:43 GMT
Updated 19 minutes ago

The government has unveiled plans to give ministers the final say on approving large onshore wind farms rather than leaving decisions to local councils, where opposition has often been fierce.

The plan is among proposals announced by Energy Secretary Ed Miliband on Friday as part of what the government is calling an "ambitious" action plan for reaching 95% clean energy in the UK by 2030.

Miliband also wants to give powers to the energy regulator to prioritise projects in the queue waiting to link up with the National Grid.

etc"

[igoe104] 12/12/2024 20:48

Another lovely framework.

MAG announces partners for its Airfield Infrastructure Framework.

The Framework will support MAG’s three airports – Manchester, London Stansted and East Midlands Airports - over the next five to eight years. It is designed to deliver the Group’s airfield development programmes as it continues to invest in its airport infrastructure.

The following suppliers have been appointed to the framework:

·        Ove Arup and Partners

·        Jacobs

·        Volker Fitzpatrick

·        Lagan Aviation & Infrastructure

·        Dyer & Butler

·        Allied Infrastructure

·    (    Amalgamated Construction Ltd )

[rivaldo] 12/12/2024 08:16

Deutsche Bank have just picked RNWH as one of their top UK stock picks for 2025:



VANL specifically mention today only that up to October Rail has been "subdued...as the sector transitions from CP6 into CP7".

CP7 actually began in April 2024, so one would think the transition into the 5 year programme has now been well and truly completed if not soon, and should certainly pick up in RNWH's H1 to March.

In addition, I suspect RNWH have been EXTREMELY busy recently across the UK dealing with the unusually high number of severe storms which have regularly crippled rail services since the September year end.

[rimau1] 12/12/2024 08:04

Van Elle comment this morning on rail being slower than anticipated. No doubt this is the reason for the recent mild derate here. We are all used to exceeding expectations so perhaps 2025 will be more of an inline year unless we acquire. I suppose us long term holders have been spoilt

[wad collector] 06/12/2024 08:23

I see that next years estimates give an increase in margin from 6% to 6.6% , which would significantly strengthen the balance sheet in this low margin industry.
Water has been slower and rail has been slower, but there seems little doubt that they will pick up.
Buying opportunity maybe, but for those of us with a RNWH heavy portfolio, perhaps not.

[sharpedge7] 05/12/2024 15:14

Thx Rivaldo. Thought so.
Think you are right on the market.

[rivaldo] 05/12/2024 14:48

RNWH have specifically stated in prior results that their contracts are "cost plus" - i.e that it's well positioned to mitigate any such impact, “due to the nature of our variable, cost-plus contracts”.

IMO this is just the ebb and flow of the market. RNWH have always recovered in the past, and there's no reason why they shouldn't do so again given everything we know.

[sharpedge7] 05/12/2024 14:34

Budget was bad news but I think the recent pull back started with the results.
Op margin was down and I wonder if that’s the reason. Esp given the NI hit. That said the latter is applicable to all and will surely be passed on to customer - ironically often HMG!
It’s a quality co and as others have said may be approaching a top up for me.

[cfb2] 05/12/2024 14:31

I was surprised too so I've treated it as an opportunity to buy more.

[rimau1] 05/12/2024 14:25

I thought RNWH signalled slower business in water and rail. Just speculating but Thames Water needs rescuing and Labour nationalising railways could all result in slower conversion of orders potentially. At the very least uncertainty. Nearly time to top up.

[mrbeaky] 05/12/2024 14:16

I’m really surprised to see this weakness in the SP, results were good and before that the TU was ahead of expectations.

[harrogate] 05/12/2024 11:49

They took effect from the day of the budget.

[wfcreserves] 05/12/2024 11:43

Would the apparent weakness in the share price be partly due to those relying on capital gains as opposed to dividend income cashing in on capital appreciation before the recent budget changes take effect?

[rivaldo] 04/12/2024 11:33

Shore Capital put a "Hold" on DSCV as of yesterday, but concluded:

"we believe these exposures are captured in the equity rating and see more upside elsewhere, and view Renew and Spectris as attractive alternatives.’"



I also noticed that the cost of cleaning up Britain’s nuclear sites has jumped by over £23 billion to a whopping almost £130 billion.

RNWH operate at a number of nuclear sites, but particularly at Sellafield, where:

"About 70pc of the costs relate to the Sellafield site in Cumbria, where thousands of tonnes of highly radioactive waste are stored in buildings and cooling ponds that are up to 70 years old – many considered extremely hazardous"

[rivaldo] 02/12/2024 11:14

LOL! (and original post edited).