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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
  0.00 0.0% 680.00 673.00 680.00 700.00 673.00 687.00 122,782 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 620.4 32.1 26.8 25.4 534

Renew Share Discussion Threads

Showing 9276 to 9299 of 9775 messages
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DateSubjectAuthorDiscuss
30/1/2020
09:06
Lucky they disclosed a day after the AGM. Avoids questions being raised about the privileged few existing shareholders entitled to take part in the placing. Again.
wfcreserves
30/1/2020
08:14
Numis (house broker) upgrades PT to 590p from 500p.
bsdjj
30/1/2020
07:57
Tipped in todays shares mag...
jampot7us
30/1/2020
07:40
Looks a good fit at a decent price. Disappointing again that no open offer for us but at least it is at a reasonable discount and not too large a placing. Should make life interesting
harrogate
30/1/2020
07:39
I did say yesterday "it's about time for another earnings-enhancing acquisition" :o)) Et voila.... Https://uk.advfn.com/stock-market/london/renew-RNWH/share-news/Renew-Holdings-PLC-Acquisition-and-Placing/81629175 Carnell fits perfectly into the RNWH model, with "long term framework contracts and high barriers to entry" providing good visibility going forward as "focused on direct delivery, non-discretionary renewals and maintenance" - in a new sector for the company. The 475p placing price is a tad disappointing, but this looks highly earnings-enhancing, with £5m EBITDA expected for a £38m consideration and a possible return to £6.2m EBITDA from 2018. Particularly as: "Looking ahead towards Road Investment Strategy 2 (("RIS2"), which runs from 2020 to 2025), in the 2019 Autumn Budget, the Government announced the National Roads Fund would be GBP25.3 billion, a 66% increase from RIS1, with an increased focus on renewals and maintenance which the boards of Carnell and the Company believe will therefore offer a major opportunity for Carnell. It is also widely expected that the forthcoming budget by the Government will have a focus on infrastructure investment which will likely benefit services providers such as Carnell."
rivaldo
29/1/2020
21:25
sorry Rivaldo see you picked this up first thing. Worth repeating though...
bsdjj
29/1/2020
21:23
Thats quite a decent jump in the order book. £651m at end year compared to £581m at 30th Sept. 2019. Bodes well for the future....
bsdjj
29/1/2020
10:02
Shore Capital say Buy today with a 570p target. Peel Hunt also say Buy, with a 575p target. Liberum have also updated, but as I noted previously their "research" is so laughably misjudged imho that it's not worth repeating. We should hopefully see good progress here towards 570p or so, especially with such secure forward order books, attractive fundamentals and increasingly strong prospects across the divisions. And it's about time for another earnings-enhancing acquisition given the tiny net debt and the gap since the last one.
rivaldo
29/1/2020
07:33
Steady as she goes as usual here. Reassuring but at some point with rail CP6 up 25%, lots of new framework wins and order books up 12% this has to feed through into more than a 2020 increase in EPS of < 5% or we are missing something.
harrogate
29/1/2020
07:10
Once again today's trading statement is very encouraging. Not only is current trading nicely in line, but the order book at 31st December was £651m, up from £581m at 30th September. That's a 12% increase in just 3 months....which has to bode well going forward: Https://uk.advfn.com/stock-market/london/renew-RNWH/share-news/Renew-Holdings-PLC-AGM-Statement/81619680
rivaldo
28/1/2020
12:44
When you look at all those magnificent viaducts ,especially when you stand under them, it is awesome that the Victorians constructed them without modern equipment. Don't suppose that HS2 bridges will last a century and a half. I see that one has concrete without steel reinforcement.
wad collector
28/1/2020
12:40
Nice eight month remediation contract awarded to VHE: Https://www.vhe.co.uk/blog/2020-01-27-vhe-awarded-homes-england-former-electrolux-site-merrington-lane-infrastructure-works "VHE awarded Homes England Former Electrolux Site, Merrington Lane Infrastructure Works 27 January 2020 VHE have commenced work on the regeneration of the former Electrolux Site, Spennymoor site near Durham for Homes England. The works include site remediation and preparation of development platforms, highways re-construction, diversion and provision of site utilities and associated infrastructure. Infrastructure works are being undertaken by sister company Seymour Civil Engineering and are integrated into the VHE regeneration package. These include the construction of a new spine road, SW and FW drainage for the proposed spine road, 278 works at an access junction, culvert diversion and combined sewer diversion. The VHE North East team commenced works on site January 2020 with the project programmed to take 33 weeks to complete."
rivaldo
14/1/2020
10:20
The NED posts have always seemed a bit of a dubious business model to me. Call me old fashioned but I would rather have a director focused on one company rather than a selection of directors with fingers in other pies. It may be good for networking and spying on other sectors but it can lead to conflicts of interest and lack of commitment. Looking at the share price dip , this looks like a buying opportunity , but I remind myself that I have far too many of these and many burned fingers.
wad collector
14/1/2020
08:07
Hopefully we needed an additional NED ( we have a few ) and this is not some sort of diversity tick box exercise
harrogate
14/1/2020
07:38
Looks like a quality and high-profile NED appointment today: Https://www.investegate.co.uk/renew-holdings-plc--rnwh-/rns/director-appointment/202001140700076419Z/
rivaldo
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
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