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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
  15.00 3.09% 500.00 493.00 498.00 497.00 480.00 480.00 47,394 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 600.6 37.8 29.6 16.9 393

Renew Share Discussion Threads

Showing 9251 to 9274 of 9525 messages
Chat Pages: 381  380  379  378  377  376  375  374  373  372  371  370  Older
DateSubjectAuthorDiscuss
12/1/2020
07:35
Great to see the Mail on Sunday updating so positively on RNWH today - for those not already holding it reads as a Buy recommendation: Https://www.thisismoney.co.uk/money/investing/article-7876601/MIDAS-SHARE-TIPS-UPDATE-Renew-Holdings-powers-ahead-shares-sixfold-rise.html "MIDAS SHARE TIPS UPDATE: Renew Holdings powers ahead as shares see more than sixfold rise Renew Holdings has come a long way since Midas recommended the stock at 75p in 2012. Once known as a construction firm, Renew has steadily increased its focus on essential renewal and maintenance work in areas such as railways, waterworks, mobile antennae and nuclear decommissioning. Today, these businesses generate 95 per cent of group income, sales and profits have soared and the shares have surged to £5.00 – a more than sixfold rise. Renew customers include Network Rail, Vodafone, Sellafield and Yorkshire Water Looking ahead, Renew should continue to deliver growth. The Government has pledged to spend billions of pounds on infrastructure, a good proportion of which will be invested in upgrade and modernisation projects. Renew is ideally placed to benefit from these plans. Chief executive Paul Scott employs 3,600 skilled staff, there is a bespoke Renew academy, and the group has more than 200 young people on training schemes, including 127 apprentices. Having a large workforce means that Renew can respond quickly when customers need urgent repair work, and it also gives the firm an edge with customers such as Network Rail, Vodafone, Sellafield and Yorkshire Water. Refurbishing rail tunnels, maintaining track, preventing water leakage, decommissioning nuclear plants – these are all highly-skilled jobs, and contracts tend to last for several years or, in some cases, decades. Free investing guides New programmes are coming on stream in the regulated rail and water industries and Scott has already secured contracts that will deliver a rich pipeline of work. The group is also helping mobile operators to deliver 5G infrastructure, a project that will probably take years to complete. Renew delivered an 11 per cent rise in turnover to £601million for the year to September 2019, with profit up 22 per cent to £38million and a 15 per cent dividend rise to 11.5p. Further growth is expected this year, including profit of £40million and a 12.5p dividend, which is set to rise again in 2021. Midas verdict: Renew shares have risen sharply in the past two months. Investors applauded last year’s results and Scott is optimistic about the future. Shareholders have earned a good return from this stock, but there is more to come. Keep holding."
rivaldo
07/1/2020
12:18
I concur with others who believe that RNWH are a quality company and remain good value at these levels. And Liberum actually have RNWH as a Hold: Https://investing.thisismoney.co.uk/broker-views/ If anyone has read Liberum's recent note they will know it's a load of codswallop. Liberum simply lump RNWH in with all the other well-known support services companies who've been disaster areas, and completely fail to differentiate between them and RNWH. Which is just ridiculous - and extremely poor research. Either (1) the analyst is straight out of uni and knows nothing, or (2) Liberum have an axe to grind, or (3) they will suddenly change their mind and see the light, proclaiming that RNWH are the future of the sector - having of course got their clients in beforehand by talking the stock down.
rivaldo
07/1/2020
09:24
Fallen a bit as got ahead of itself. Liberum issued a sell note with £4.60 target perhaps behind some of the weakness. They have been negative since they started coverage last year
harrogate
05/1/2020
20:40
I too believe there will be upgrades this year given the rosy outlook for each division and all the contract/framework wins. I think the AGM will probably be too early in the year to flag upgrades, but it should at the least deliver a very confident outlook. The other reason for upgrades would be a reasonably sizeable acquisition, since the last one was 20 months ago and the Balance Sheet is in good shape again. I also wonder if this year Walter Lilly will be sold, particularly as RNWH would probably now achieve a more attractive price given the post-election certainty and improved outlook for the construction sector.
rivaldo
04/1/2020
18:21
Agreed Harrogate except i think historically before this was tarnished with the failed low margin infrastructure support services brush (think Costain, interserve, kier) we used to trade at 15 times due to the high quality earnings and barriers to entry so i think there is more to come but yes i would expect earnings upgrades for 2020. My price target is £7 this year.
rimau1
03/1/2020
10:00
Thanks for all the contract news from everyone. Rerating has been pretty swift here back to 13 x which was I am sure due to relief that no labour government or further dithering on brexit. I think that to make much more progress we need to see 2020 EPS upgraded beyond current 42p. It makes no sense to me that all these wins are already in the figures so you would think maybe at the AGM we would get some words that indicate brokers should upgrade.
harrogate
03/1/2020
09:06
thanks Rivaldo
robow
03/1/2020
09:00
Even more great news from yesterday - this one looks huge, and secures revenues through to 2024. AMCO have won on 5 of the 6 lots for a mighty £4 billion of Network Rail CP6 construction works for Wales and the West of England: Https://www.constructionnews.co.uk/civils/contracts-civils/kier-and-bam-among-winners-on-4bn-network-rail-framework-02-01-2020/ "02 Jan 2020 Kier, Bam Nuttall and Morgan Sindall are among the winners on Network Rail’s £4bn construction works framework for Wales and the West of England. The framework covers construction works for bridges, tunnels, shafts and subways in the two regions. Network Rail's contract awards notice said contracts would run for an initial three-year period, with one-year extensions giving a potential total contract length of eight years. It comes under Network Rail's five year control period 6 (CP6) delivery plan which runs from 2019-2024. South Yorkshire-based AMCO Giffen, formerly Amalgamated Construction, won on five of the six available lots. Lot Contractors Wales - Civils Alun Griffiths, AMCO Giffen, Centregreat Rail Wales - Geotechnical Alun Griffiths, AMCO Giffen Wales - Metallic structures Alun Griffiths, AMCO Giffen, Centregreat Rail Wales - Signalling power and communications, electrification and plant AMCO Giffen, Kier Western - Lot 1 Bam Nuttall, Hochtief UK, Morgan Sindall Western - Lot 2 Alun Griffiths, AMCO Giffen, John Graham, R&W Rail It is the first control period to be delivered under the operator’s new regional structure, which devolved responsibility for infrastructure projects. Western region works in CP6 include integration of Crossrail’s Elizabeth Line into the network and renovation and refurbishment of the roof of Bristol Temple Meads Station, Network Rail has said. In Wales works include investing £135m to improve signalling reliability and repair, maintenance and renewal of more than 35 bridges including at River Neath Swing Bridge, Kidwelly Viaduct and Llangadog Viaduct."
rivaldo
02/1/2020
19:02
Please scroll down rivaldo's construction enquiry page to the poor Crossrail worker for Costain who lost his disabled wife and all his belongings in a fire that engulfed his home. There is a justgiving availability.
mayers
02/1/2020
12:21
Very nice!
jampot7us
02/1/2020
11:54
Just announced this morning - RNWH's Seymour Civil Engineering win a place on the Government's "Minor civil engineering works (up to £3m) – Total value £1.5bn" framework for the North of England for the next 7 years: Https://www.constructionenquirer.com/2020/01/02/14-winners-named-for-government-projects-over-80m/
rivaldo
01/1/2020
17:34
Cheers igoe104, good to see. I note that further down the article RNWH gets a second very positive mention from another tipster whose tip this was for 2019: "Renew, which is based at Aberford near Leeds, provides engineering services for critical infrastructure networks (think bridges, tunnels and power stations). When I picked the stock last winter, I reckoned that any government dealing with the fallout from Brexit – which was due to go ahead at the end of March – would feel bound to continue investing its dwindling tax returns in the kind of big infrastructure projects that help keep a country afloat. In other words, the kind of projects that firms like Renew thrive on. I also thought that Brexit would cause problems for many companies, especially those that rely on trade with the Continent, effectively ruling them out of my share-pick options. Brexit, of course, didn’t happen as billed, but mine turned out to be a decent strategy nevertheless, as there was indeed disruption for some companies, arising from uncertainty, defensiveness and even stockpiling. Renew, on the other hand, grew both revenue and operating profit in its core engineering services division by 21 per cent, reducing debt and increasing dividend per share. In short, it was the very image of a thriving company, and its share price had risen by over 30 per by December 12, when Britain went to the polls. Boris Johnson’s landslide victory sent the markets soaring and saw share prices, including Renew’s, spike in the euphoria."
rivaldo
01/1/2020
13:43
Tipped in the Yorkshire post. https://tinyurl.com/tz5pu9q But I’m determined to finally break this string of bad form and this year I’m pinning my hopes on engineering-services provider Renew Holdings. The Leeds-based firm is bucking the trend and performing well in the engineering sector. It has enjoyed continued organic growth, along with a growing dividend. The firm’s share price has seen a sharp upward turn in the month of December off the back of a strong set of preliminary results in November. Renew has a proven track record of revenue growth and profitability and cash generation. Group revenue was up 11 per cent to £600.6m from £541m in 2018. Dividend for the full year was up 15 per cent to 11.15p, while adjusted operating profit was up 23 per cent to £38.3m. Analysts at Shore Capital said: “We think its current rating fundamentally undervalues the business, possibly due to its association with contractors that have a much higher-risk profile, in our view due to the relative size and low-volume of their contracts compared to Renew’s.” The firm also benefits from visibility of revenues for long-term frameworks, a high operating profit margin, strong cash generation and has an established market position with UK infrastructure investment expected to grow. All these factors are enough to inspire confidence heading into the New Year. And that’s why I’m backing Renew to help me to return to form. Renew Holdings closed 2019 at 546p.
igoe104
31/12/2019
19:58
Oh yes it did
pwooly
31/12/2019
19:25
Looks like this BB never quite reached 9000th post this yr.
wad collector
30/12/2019
16:05
RTC seem to be benefiting from this upswing in Network Rail spend too.
davidosh
30/12/2019
15:10
Very nice!
jampot7us
30/12/2019
14:57
Very nice indeed - great spot Jeff H. To clarify, this is for up to £4 BILLION of infrastructure work across Network Rail's Western and Wales region for the next 3 years. And AMCO have won significant places as one of only two to four contractors on four of the six available lots. More lovely large and secure income streams going forward.
rivaldo
30/12/2019
14:29
Amco features heavily:- Http://www.constructionenquirer.com/2019/12/25/winners-named-for-4bn-rail-regions-upkeep/
jeff h
30/12/2019
14:10
Nice strong end to the year - the P/E is even in double digits now :o)) Lots more to go for though imho. Happy New Year to all here.
rivaldo
27/12/2019
17:34
Ok...cheers anyway....
jampot7us
27/12/2019
17:31
No idea. I did ask earlier in the month about where an out of the blue UT price came from but reply there came none. Just have to wait and see I guess.
wfcreserves
27/12/2019
17:01
so does the next open auction put things straight or is that drop legit?
jampot7us
27/12/2019
16:56
Apparently an uncrossing trade @5.14. Other small trades were showing @5.34. So published ask and bid prices a bit misleading? They were showing a minus 32 spread at one time!
wfcreserves
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