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
  -2.00 -0.41% 485.00 478.00 485.00 502.00 476.00 488.00 83,704 16:35:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 600.6 37.8 29.6 16.4 381

Renew Share Discussion Threads

Showing 9401 to 9424 of 9525 messages
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Cheers igoe104 - the tip reads well. And this morning we get news of the second director purchase this week - an NED making her maiden purchase of £20k of shares: Https://
Tipped by the growth company The shares have outperformed which reflects the essential nature of the maintenance work Renew carries out in rail, highways and telecoms. 80% of the workload has continued and CEO Paul Scott told us in mid-May that much of the remainder, like land remediation and London Underground, is starting to come back. The Sellafield site has seen a lockdown and will take longer to return. The interims to March also showed a positive financial performance with debt levels reduced by accelerated payments from Network Rail and VAT deferment. This is a timing benefit which will unwind next year but means year end net debt will be around £5m. Management is ‘delighted’ with January’s acquisition of Cornell which provides an entry to the growing highways market. Work here is very resilient and the new control period has seen the budget double to £11.9bn. This reflects the government’s commitment to infrastructure spending which is unlikely to be diminished by covid-19. Renew has an underlying 5-6% growth rate which it augments by acquisitions and the p/e of 12.4x this year falling to 11.2x next offers good value given the relative security of its earnings. The interim dividend was passed but Scott said he “would be surprised if no final was paid.
( Shh, it's a secret) :)
...why they threw away issuing the news of the director buying at near the close yesterday, rather than embargoing it until this morning - when the market might actually notice it - is beyond me. Anyway, up we go.
Encouraging to see an NED tripling his holding here, buying 10,000 shares at 444p each. £44,000 is an impressive signal to send to the market: Https://
Boris has just announced an accelerated £100m this year for 29 road network projects, including works on bridges, which should be good for RNWH subsidiaries Carnell, VHE and Seymour Civil. And further projects will be announced in due course - I note the Chancellor is due to speak next week.
Boris turbocharges £250bn infrastructure plans. hxxps://
Project Overview Paving the way for the introduction of new electric trains on the East Coast Main Line (ECML), AmcoGiffen were contracted to install new signalling power supplies at all interlockings between Edinburgh and Berwick. The project involves the Reconfiguration of the existing 650V signalling power feeder arrangements from Portobello Principal Supply Point (PSP) to Marshall Meadows TSC on the ECML,
Liberum's research on RNWH has always been absolute rubbish in the past in lumping them in with sector-cyclical and vulnerable contractors without any differentiation. Is it too much to ask that perhaps over these 37 pages they've finally begun to catch up and realise like everyone else that RNWH are a much more defensively secure proposition with huge growth potential in a number of sectors?!! At least their 490p target price is finally a little more realistic, even if it's still well below that of (AFAIK) all the other covering analysts.
Liberum has a 37 page note out today and all they can come up with is HOLD (Target price 490p). Having said earlier in the year they were bearish on the company.There has been a seller of the shares around for the last week or so which looks like it has held the shares back. I am guessing this might be Invesco where there has been a change of manager on the fund that hold Renew but could be wrong. Hopefully the seller has nearly finished as decent volume has gone through the last few days.
Indeed. The article said that "Projects requiring between £100 million and £1 billion each, such as the redevelopment of brownfield urban sites, could have huge local impacts and were particularly appropriate for insurers, L&G said", i.e investing in the particular areas I highlighted. I don't think I'm saying anything different, but perhaps I'm just confused :o))
rivaldo Think you are being somewhat optimistic on your interpretation of that article. It actually said that insurance and pension funds would be ready and willing to invest in these areas for the long term cashflows which would arise. Their rationale was that investing in a myriad of smaller scale projects (up to £100m each) which could materialise quickly (to produce those cashflows to pay pensions etc) would make much more sense than the even larger sums involved in the much longer term "big 3"; namely HS2, Hinckley Point and Heathrow. Indeed, the sector would NOT wish to be involved in such projects due to their uncertain prospects and returns.
Encouraging update and read across from Hils this morning , they expect significant UK government fiscal stimulus this year which will also benefit Renew.
The Times reports this morning that £150 billion is set to be invested in infrastructure via insurers/pension funds. The sectors to be boosted would include: - redevelopment of brownfield urban sites - electric car charging sites - fibre-optic networks/5G - renewable energy all of which are covered by RNWH's subsidiaries: Https://
RNWH has exactly the defensive qualities - combined with high growth characteristics for its particular sectors going forward some years - which are attractive against any problems of cyclicality or COVID-19. Plus the attractive fundamentals of low P/E and strong cash generation of course. This morning's purchase should be a bargain imo wad collector.
Couldn't resist picking up a few more at 450 this am. Hold and prosper.
wad collector
The retreat begins – Sector specific problem (building & construction) or part of the general fall back from the ramp up caused by central banks printing too much money - Remember inflation caused by too much money chasing too few goods - and thanks to general high level of shares across many companies too few equities available to soak up the surplus cash (imo) $64K question - a minor blip or the start of the 2nd down wave?
AmcoGiffen are working on behalf of the Environment Agency East Mids to renew flood defences in Newark,To date 72 piling sheets have been installed alongside the Trent.
Wonder if Renew are one of the interested parties? Stobart Rail & Civils "COVID-19 has adversely impacted all of the trading divisions in the Group and has exacerbated the loss-making position of Rail & Civils. There is no prospect of the business making a profit in the short-term given the impacts of the COVID-19 pandemic. Given this outlook, the Group needs to ensure cash going forward is utilised to create returns for our shareholders. It has therefore taken steps to address the risk of further losses and taken the decision to exit the Rail & Civils business by the end of FY21. To that end, the Group is in active dialogue with a number of interested parties."
VHE are busy: Https:// "Progress Update - Former Electrolux Site, Spennymoor 04 June 2020 VHE’s collaboration with Renew Group sister company Seymour Civil Engineering continues at the former Electrolux site at Spennymoor for client Homes England. VHE are remediating the site and producing aggregates for Seymour to utilise in the infrastructure works with the site ultimately being developed for residential use." Https:// "Hunstanton to Heacham sea defence works 03 June 2020 VHE are undertaking coastal erosion protection at Hunstanton with our sister company Amco-Giffen on behalf of the Environment Agency. We have been undertaking the work annually for the last seven years, during which we move sand that has been cliffing on the beach up to 5ΒΌ miles between Snettisham Scalp and Hunstanton, Norfolk, to provide pre-protection to the sea defences."
Looks like substantial new work for Seymour Civil, with lots more to come, as part of this "multi-million pound" steelworks redevelopment in their local area: Https:// "Application lodged to support SSI Steelworks redevelopment 2 Jun 2020 Plans have been lodged to support the redevelopment of a key piece of land at the former SSI Steelworks site. Tees Valley mayor Ben Houchen submitted a planning application to Redcar and Cleveland Council yesterday (1 June 2020) for a new roundabout and road access at the Grangetown Prairie site – a 150-acre area that is one of the first sections of land to be developed. The development of the new road is also set to include improvements to the existing Eston Road. Hartlepool-based Seymour Civil Engineering was appointed in May to start site clearance and preparation work at the Prairie site, as part of a multimillion-pound contract, and the company has also been contracted to carry out this latest work. The clearance work began less than a week after the successful outcome of the compulsory purchase inquiry into the former SSI steelworks. The inquiry granted the South Tees Development Corporation powers to purchase the former SSI steelworks, along with a further 112 acres of land, following a three-year-battle. etc"
YEP, nearly back to PRE- virus levels now.
500p being paid now by buyers.
Stockopedia have increased their stock rank score from 83 to 92 - I can't remember seeing as big an adjustment as that for any stock before.
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