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Share Name Share Symbol Market Type Share ISIN Share Description
Renew Holdings Plc LSE:RNWH London Ordinary Share GB0005359004 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  27.00 4.1% 686.00 680.00 689.00 694.00 661.00 665.00 99,265 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 620.4 32.1 26.8 25.6 539

Renew Share Discussion Threads

Showing 9201 to 9225 of 9775 messages
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DateSubjectAuthorDiscuss
29/11/2019
10:20
looks a good company with excellent long term prospects bought in at £4.01 today
gilesy
29/11/2019
08:18
"grahamburn26 Nov '19 - 12:56 - 8934 of 8954 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." Grahamburn , you are correct that there is no mention in the Tory manifesto of any IHT changes. Lot on infrastructure spending , if you believe any manifesto!
wad collector
29/11/2019
07:29
Tipped overnight on Master Investor as one of three companies ready to bounce: Https://masterinvestor.co.uk/equities/aim-to-bounce-back/?utm_source=Daily+Bulletin&utm_campaign=b068ee4e8c-Daily_Bulletin_20191128&utm_medium=email&;utm_term=0_25eff0bb7f-b068ee4e8c-34898813 Conclusion: "Overall, I believe that the shares look like a good bet, with management being a particularly good asset here. What’s more, the business is strongly cash generative, with a £16.6 million inflow from operations in 2018, and the current order book represents just over a year’s worth of historic revenues. Notable growth opportunities come from Network Rail’s current Control Period 6 (CP6) five-year financial period, which has had £48 billion allocated to its budget, with an increase of around 25% in planned spending on operations, maintenance, support and renewals activities, compared to CP5. Renew shares have slipped a few percent since the October trading update, which seems unfair given that it was in line and there were no negative points. In September this year, analysts at Peel Hunt initiated coverage on the shares and slapped on a 500p target price, implying upside potential of 33%. Top management seems to agree with that view, with the chief executive, chief financial officer and another director recently splashing out a combined £50,000 on buying the shares."
rivaldo
28/11/2019
16:08
I think this is a share for the patient and not one to trade . I had to hold for about 20 yrs from 1992 to get my money back first time!
wad collector
28/11/2019
12:50
This frequently happens here. If you look at yesterday just 5 shares were put through the opening auction @ 395p which turned out to be the lowest trade of the day until 16 22 when it got back to that as a bid price.
sharw
28/11/2019
12:44
Urmmmmmm...it comes from the SETS uncrossing trade at the start of trading today!
cwa1
28/11/2019
11:41
@Harrogate I get that now but where did 420p the uncrossing trade come from?
wfcreserves
28/11/2019
10:19
That is SETS for you. Spreads and open and closing prices are not really what they seem at renew.
harrogate
28/11/2019
10:12
Weird opens at 420p (see chart above) which is one transaction of 6 shares said to be an uncrossing trade. The resulting published spread of 22p almost looks like a sign of discouraging would be punters who are not watching actual trades, which are nowhere near 420p,going through.
wfcreserves
27/11/2019
08:57
Thanks for the IC Buy tip penpont. Let's hope this momentum helps clear any seller out. More good stuff in the Yorkshire Post today regarding the huge opportunity in flood and water infrastructure. And Shore Capital have initiated and are very bullish: Https://www.yorkshirepost.co.uk/business/renew-says-future-floods-could-be-prevented-with-investment-1-10123490 "Renew says future floods could be prevented with investment Engineering services group Renew Holdings has been busy working in South Yorkshire to help alleviate the suffering caused by the recent flooding and said future floods could be prevented with further investment. The Environment Agency plans to invest £2.6bn in flood and coastal erosion risk management projects between 2017 and 2021. The agency estimates that an increase in average annual investment to around £1bn will be necessary each year until 2065 to sufficiently mitigate flooding risk in the UK. Leeds-based Renew has welcomed the investment, having seen first hand the damage it can do. Chief executive Paul Scott said: "Floods could be prevented with investment. "We simply have to crack on. More money will be spent on flood mitigation and we see that as a growth area for the group. "When an emergency happens, we are there looking at the health of the flood prevention measures. We are in there, making sure they are performing." Earlier this month, communities in South Yorkshire experienced a month’s worth of rain in a single day. Renew has a long association with the Environment Agency to deliver important maintenance and improvement works nationally through the Flood and Coastal Risk Management programme where it has framework positions in the North, Central, South West and South East regions over the next four years. Elsewhere in Yorkshire, Renew recently won new contracts with Yorkshire Water, securing both lots on the £290m AMP7 Minor Civils Framework which will see it carry out engineering works to existing assets on operational treatment and distribution facilities for the next five years. Mr Scott said: "The contract with Yorkshire Water commences in early 2020. We are looking at waste and clean water network renewal and maintenance. "Networks are leaking. That is an obligation that all water companies have to solve it." Mr Scott was speaking as Renew announced record results for the year to September 30. Revenue rose 11 per cent to £601m and pre-tax profit leapt 84 per cent to £27m. The group benefited from the£80m acquisition of leading Scottish railway contractor QTS last year, but organic growth rose more than 8 per cent as well. Renew said its critical infrastructure markets have excellent long-term prospects with growth driven by regulatory requirements. The firm works in areas where the Government, whichever political party forms it, has to spend money in crucial areas like rail, energy and water, where investment cannot be deferred. Analyst Tom Fraine at Shore Capital said: "We initiated coverage on Renew with a 'buy' recommendation on November 15. "Key to our investment case is our expectation that investment in transport infrastructure will continue to increase in the long-term as the Government seeks to achieve its net zero carbon emissions target by 2050. "Renew is also very well placed, in our view, to benefit from growth in other regulated markets including water infrastructure, nuclear decommissioning, renewable energy and land remediation."
rivaldo
26/11/2019
22:02
@wfcreserves Yes, you're right, must be a slip-up by the writer I suppose.
penpont
26/11/2019
17:11
@ penpont Shouldn’t those Peel Hunt adjusted pretax figures be for September year ends?
wfcreserves
26/11/2019
16:49
Thanks all for information. Let’s hope for slow burner.
wfcreserves
26/11/2019
15:31
Tip update in today's IC: https://www.investorschronicle.co.uk/tips-ideas/2019/11/26/rail-still-leading-the-way-for-renew/ Renew (RNWH) focuses on securing work on the non-discretionary spending programmes that maintain the UK’s critical infrastructure. Spanning the rail, telecoms, energy and environmental markets, the overwhelming bulk of the business is based in ‘engineering services’ – this now accounts for more than 90 per cent of group revenue and over 95 per cent of adjusted operating profit. Sales from the division rose by over a fifth to £565m in 2019, with accelerated activity at the end of the previous rail control period, CP5, driving 8 per cent organic growth. Adjusted operating profit also surged by 21 per cent to £39.4m, benefiting from a full year’s contribution from specialist rail contractor QTS, which was acquired last year. Sustaining growth relies on being able to secure contracts on long-term framework agreements. The group won all the renewals frameworks it tendered for in CP6 as well as being awarded new positions – significant given that almost two-thirds of engineering services turnover is derived from rail activities. Expanding further into the wireless telecoms market, it also secured a new framework for MBNL to deliver EE’s 5G roll-out. Peel Hunt anticipates adjusted pre-tax profit of £39m and EPS of 41.7p for the March 2020 year-end, rising to £41m and 43.8p in FY2021. IC View Net debt has more than halved to £10.2m and house broker Numis forecasts a small net cash position next year. Capitalising on long-term regulated budgets, Renew has avoided the uncertainty afflicting much of the construction sector, enjoying a high degree of revenue visibility. Activity levels in the first year of CP6 are said to be on track and further momentum could come as the group looks to enter markets such as highways and power infrastructure. Buy. Last IC View: Buy, 388p, 15 Aug 2019
penpont
26/11/2019
15:17
Quite right sharw, I had a brief brainstorm trying to answer quickly! Cheers. Brief but interesting commentary on Proactive from Liberum, who apparently expect RNWH to exit the Specialist Building business. If so, hopefully they can get a decent price for it given (1) Walter Lilly is a very well-respected, upmarket brand AFAICS and (2) it's been branching out and winning contracts in medical (for example) recently.
rivaldo
26/11/2019
15:12
Does it make a difference that RNWH are on SETS?
harrogate
26/11/2019
15:07
rivaldo - not so - the published figure is always the highest bid and lowest offer. However, as you point out, you can get a quote within the spread very often in small caps. This is voluntary for the RSPs - the formal quote is binding up to EMS, which is 750 for RNWH.
sharw
26/11/2019
14:36
The published figure is just an average of the MMs bid prices - but the actual trades show you what's really happening, i.e what buyers and sellers are really paying and receiving on the market.
rivaldo
26/11/2019
13:55
@ rivaldo Ok but what is the purpose of the published as opposed to the real spread?
wfcreserves
26/11/2019
13:46
The price is already up 8% today - I suspect that once the institutions digest these results and provide some volume there's still a long way to go. The real (not the published) spread is tiny. Buy are going through at near the full offer at 407p and above, whilst sells are now achieving 401p-402p. That's a big premium over the 396p bid price and suggests that there is a buyer or buyers picking up stock in the background. EDIT - so much for that then :o)) Let's see if there's a quick bounce to prove the theory.
rivaldo
26/11/2019
13:33
@grahamburn Well to be fair I wouldn't trust Johson on anything that goes against his personal interest. I take your point re Corbyn but it seems likely that the best he can hope for, without a very late surge in support,is another hung parliament. Meanwhile the share price is struggling even after the good results to get near to the previous high (438p)reached at the end of May. Possibly having something to do with the large spread now about 12p?
wfcreserves
26/11/2019
13:22
Numis are very positive and also say Buy with a 500p target: "Renew Holdings' Organic Growth Benefits From Business Model: Numis 0959 GMT - The consistent organic growth of Renew Holdings' engineering services is a tribute to the quality of its business model, according to Numis. The company showed a steady 8% through-year organic growth in its engineering unit, the brokerage says. Furthermore, going forward there are signs of strong growth in rail especially, while energy and environmental markets should also not be underestimated, it added. "We retain the view that quality of management and business model are not reflected in the absolute or relative rating," Numis said. The brokerage has a buy rating on the stock with a target price of 500 pence."
rivaldo
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.
grahamburn
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.
wfcreserves
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 renew@walbrookpr.com
davidosh
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