Renew Share Discussion Threads

[grahamburn] 26/11/2019 12:56

Think you're being a little bit optimistic about Johnson "abolishing inheritance tax".

He may have mentioned it in the past, but (a) it's not in the manifesto (so far as I'm aware) and (b) it wouldn't be an astute political move until such time as he deals with the other end of the tax scale (eg national insurance contributions and even the anomalies in universal credit.

Having said that, he still has to hold on to power!

Now... if Corbyn succeeds in his attempt all bets would off on IHT. Indeed, he'd probably increase the rates and take away allowances such as AIM relief.

[wfcreserves] 26/11/2019 11:59

Yes I remember Brian May being interviewed on results and his future plans for the company being shown on video available to all. The current CEO seems to want to maintain a low profile. I suppose it is just part of the general disconnect between directors and shareholders other than institutional ones?

I was informed some time ago by the company, when raising the issue of being on AIM, that the market, mainly the institutions, was generally not interested in companies below a capitalisation below a billion. Then as the share price went up so that figure was raised which led me to believe the goal posts were being moved, which may or may not be due the the prevailing view of the market at the time, to suit the board. It is not surprising that there is less interest with the lower visibility of AIM.

If Johnson does get in and abolishes inheritance tax as promised it will be interesting to hear from the company the raison d'etre for remaining on AIM and how the perceived benefits outweigh any disadvantages.

[davidosh] 26/11/2019 11:06

I have been trying to organise a results meeting with the directors but the company claim there is no interest from retail investors which is patently incorrect.

They need to engage more not come up with excuses and until a couple of years ago they were done regularly with Brian May as CEO.

I would be grateful if those interested would tell the PR company that private investors are important and you would like to meet the directors for the same results meeting given to institutions' Email to [e-mail]

[wfcreserves] 26/11/2019 10:08

Numis have had a 500p target since Jan 2018 so will be interesting to see what they come up with.

[harrogate] 26/11/2019 09:34

2012!!?? Newcomer !

[masurenguy] 26/11/2019 09:21

Peel Hunt also issued a Buy recommendation with a target price of 500p this morning. This is a long term hold for me (since 2012) and the current dividend now gives me a juicy yield of 14.5% !

[wad collector] 26/11/2019 08:37

Hard to see anything negative in the results. Suspect will be pinging up a few more brokers buy notes in next few days.
Although it seems like a big rise this morning,it was from a pretty low base. Hold and prosper.

[rivaldo] 26/11/2019 08:22

Finncap say Buy today with a 500p target.

Shore Capital also say Buy (no target price):

[pugugly] 26/11/2019 07:55

rivaldo - Thanks for summary - Agreed results impressive - The right way.

[harrogate] 26/11/2019 07:32

They look cracking to me. Outlook words sound great. What we need now is the broker notes to show more than 42p for 2020. Surely they will ??

[rivaldo] 26/11/2019 07:24

Yep, great results - well ahead of forecasts. And a strong, confident outlook.

Terrific EPS of 40.4p, which compares to consensus 38.89p expectations. And the 11.5p dividend is also ahead of the 11.25p forecast.

Every division is doing well, order books are well up, and prospects from the new regulatory frameworks in rail and water are great as they concentrate more on RNWH's specialisms.

The turnover increase is impressive considering Building turnover fell by £38m (and Building improved its operating profit even on this fall, which shows their strategy is working).

Net debt is down to levels where we can expect another acquisition.

RNWH are now on a single-figure P/E, but these results should impress the market.

[thecroots] 26/11/2019 07:12

Looks damn decent

[harrogate] 25/11/2019 17:35

Results tomorrow.

[rivaldo] 25/11/2019 16:24

400,000 shares through at 383p. Good to see the share price rising subsequently. Perhaps the closing of an overhang.

[wad collector] 22/11/2019 15:17

A minority tory govt handing out lots of cash to the provinces to keep the support of the regional parties and thwarted by a Lib Lab pact? Won't end well...

[sharw] 21/11/2019 16:44

Betfair at the moment:

Conservative Majority 1/2

No Overall Majority 7/4

Labour Majority 25/1

Liberal Democrat majority 250/1

Green majority 500/1

[harrogate] 21/11/2019 15:52

I gave convinced myself that the risk of a labour government and a potential nationalisation of rail has held this back. But if you have read the labour manifesto today all shares are toast! I actually think what we need is some evidence that these contracts and the supposed 25% increase in rail CP6 produces more than a 5% increase in EPS in 2020. Maybe this will come out after the finals are released later this month

[igoe104] 21/11/2019 15:14

Yep, a big conservative win, would do the trick.

[wad collector] 21/11/2019 14:10

Those contracts are not being matched by a share price increase. What we need is a general election result with a majority....

[rivaldo] 15/11/2019 11:33

Looks like a big lump of work through to next April:



"VHE return to Swadlincote
06 November 2019

VHE have returned to the Swadlincote site on the border of Derbyshire, Leicestershire and Staffordshire to carry out infrastructure works on behalf of client Harworth Group.

Following the successful completion of the earthworks phase to prepare the land for residential development VHE negotiated the full package of infrastructure work. Construction works include the Section 38 spine road into the site, the Section 278 entrance roundabout and the Section 104 drainage elements relating to the roads and balancing ponds.

The construction of the main foul water pumping station will form part of the main works. VHE will be coordinating service installations by utility installers, building both the substation and gas governor housing and installing the main section of street lighting. The works require the procurement and installation of large diameter culverts that will facilitate the diversion of an existing brook to enable the roundabout to be built and access to the development area. Current works will tie in to the existing deep combined sewer drain and the new foul mains.

The works are being undertaken under an ICC design and construct contract with the appointment of Curtins as VHE’s designer under a novated agreement. Works are on schedule to complete April 2020.

Previous works on the wider site included the remediation of a former open cast site with ground improvement by Rolling Dynamic Compaction (RDC). VHE created a 13 Hectare development area, SUDS ponds, drainage and installed a temporary bridge and access. In-house stabilisation equipment was used to create an access and compound without the need to import material and we used the latest solar powered CCTV security system to further enhance our sustainability credentials. The site is now being developed by Avant Homes."

[rivaldo] 11/11/2019 10:07

RNWH are getting additional work on train lines from recent flooding - good to see them completing it ahead of schedule at the end of October:



I imagine the current additional flooding in the North will lead to a further influx of rail repair work.

[wfcreserves] 08/11/2019 13:26

Well most of the previous acquistions were completed under the aegis of Brian May who as I will recall was given a "star" rating by this board and deservedly so.

The trading update suggests results will meet market expectations. The market so far has not exactly been tripping over itself, in spite of all the good news as reported on here, to get anywhere near the levels achieved before the last acquistion, which should have enhanced the share price, was announced so were their expectations too high beforehand?

All I am asking is for possible reasons why this should be? I have been a long time holder since Lovell days and what had been a rollercoaster ride up until May took charge was gradually becoming more sedate.

[rivaldo] 08/11/2019 11:43

Hmmmm. GAN, SDI, KWS, VLE, SCE etc etc....I have a long list of AIM winners, with some big losers too. That's the nature of investing. AIM has been a big success for me. And RNWH has been one of those big successes.

RNWH also has a very good record over time as regards its acquisitions. Forefront was the exception, but you can't win them all. The larger acquisitions have been very successful, including the latest - QTS.

The encouraging year end trading update means we know the upcoming results and outlook will be good and confident respectively. And the low debt means RNWH should be in a position to make more acquisitions at any time soon largely or entirely from existing resources.

[wfcreserves] 08/11/2019 11:33

Anyone think the Pis are possible a bit wary of possible new deals being done leading to more dilution of the share capital but with discounts available for a favoured few?

The upcoming results will be a test of whether the results from the latest acquisition was worth the dilution. At least for the small shareholder.

I remain to be convinced that AIM, with its dubious reputation,is a suitable market now despite the advantages for those wishing to avoid inheritance tax.