Renew Share Discussion Threads

[rivaldo] 02/9/2020 12:16

Another contract win which should boost the result for the year ending this month:



"Works starts on £2.25m regeneration scheme in Seaham
Sep 1, 2020

Work is underway to enhance a seaside town’s rich heritage as part of a £2.25 million regeneration scheme.

Durham County Council launched the Seaham Townscape Heritage Project last November after securing a £1.6 million grant from The National Lottery Heritage Fund towards the works.

The project is aimed at breathing fresh life into Seaham’s historic town centre and focuses on the regeneration of targeted properties in the Church Street area. It will also help to encourage pedestrian movement around the centre, boosting footfall and aiding the town’s recovery from the impact of the coronavirus pandemic....

...Seymour Civil Engineering Contractors is carrying out the work on the council’s behalf, following a successful tender submission.

It is the first phase of the public realm works, with enhancements also planned for the North Terrace, Terrace Green and South Terrace areas later this year. This includes the restoration of exposed Rainton Railway Line tracks to create a focal point.

etc"

[bsdjj] 01/9/2020 22:36

It is Investec that have 8.5% not Invesco.According to Eikon the Invesco European Small Company Fund had 940,000 as at 31st July which is 1.2%.....

[sharw] 01/9/2020 19:14

I accept it is an overhang but I don't see how it can be Invesco. The last annual report gives the 26/11/19 position with Invesco at 8.5%. Since then there have only been 2 RNSs on holdings - BlackRock just above then just below 5%. If it was Invesco they would have had to report on crossing 8%. Perhaps it is Black Rock dumping the rest.

Some companies update their websites regularly on this (AIM rule 26) but the RNWH site gives the same as the annual report - now 9 months out of date.

[bsdjj] 01/9/2020 16:54

Definitely has been an overhang. Been an offer in the market every day for the last two months. I thought they were done a few weeks ago but was wrong. The offer is still there....Looking at the shareholding list on Eikon confirms that it has been Invesco that has been selling. They had a reorganisation of fund managers a few months ago (that included Mark Barnett being booted off his fund) and looks like the fund that held them got taken over by someone that didn't want Renew.The last update showed Invesco had sold 600k but that is quite a few weeks out of date. From memory they had about 1.5 million so it is good to see the trading volume up in the last few days and hopefully the order has been nearly filled.Just a shame that the overhang has caused the stock to drift down during the summer as there has not been much liquidity. Nothing to do with the strong fundamentals of the company which have not changed.Id love to be the one to buy the last 5000 of the order....

[nw99] 01/9/2020 12:39

I've bought in here agreed

[rivaldo] 01/9/2020 10:22

All the trades at 430.65p are Buys. There's obviously an overhang at present (and has been for a while), so an ideal oppportunity imo to accumulate a holding of shares which may not be so readily available soon.

Certainly before the year end trading update, which is usually on 1st or 2nd October.

EDIT - as I write, the buying price appears to have increased to 432p - a good sign!

[rivaldo] 30/8/2020 07:18

Looks like RNWH's Seymour Civil Engineering have just won a contractor's place for work on a £72m mine water treatment scheme through to April 2024:

[rimau1] 28/8/2020 11:02

I took advantage of the drop this morning, compelling value with a 24 month view.

[rivaldo] 12/8/2020 07:28

Newly tipped on Yahoo - at 435p it's actually trading on a historic P/E of only 10.7, but let's not quibble.....



"I think these are some of the best cheap UK growth shares to buy today
James J. McCombie
11 August 2020, 3:46 pm

...I particularly like the look of two. They are Renew Holdings (LSE: RNWH) and HgCapital Trust (LSE: HGT), and I think they are some of the best UK growth shares to buy today.

Best UK growth share?

Renew Holdings provides engineering support services in the regulated UK rail, infrastructure, energy, and environmental markets. It also has a sideline (about 10% of sales) in high-quality residential and science building. Renew’s revenues tend to be stable as they are underpinned by long-term and regulated budgets.

These factors did not stop investors fleeing the stock during the coronavirus market crash; Renew’s share price was down 45% at one point. To shore up the balance sheet in the crisis, the dividend was cut, which also contributed to investors fleeing the stock. The share price has recovered, but even now sits at least 20% below its pre-crash highs. This makes the stock cheap, trading at just 14.66 times trailing 12-month earnings per share.

Renew Holdings has grown its earnings per share by an impressive 47.16% over the last 10 years and has averaged a return on investment (ROI) of 25.17% over the last five years. During the worst of the coronavirus lockdown, 80% of Renew’s activities continued because the work was deemed essential. As the economy picks up the remainder should return. There has also been an acquisition of a specialist road-engineering firm. This gets Renew exposure to road infrastructure along with its existing exposure to the UK government’s £640bn infrastructure package.

I think Renew is one of the best UK growth shares to buy today. There are plenty of reasons to think it will continue its robust earnings growth after the pandemic passes. That growth is available on the cheap today."

[rimau1] 05/8/2020 09:51

Good results and cautiously optimistic outlook statement from Hils today which bodes well here. I took some profits on the Hils spike to add to Renew.

[wad collector] 31/7/2020 13:34

Couldn't face a 28 min podcast , I'll take your word for it!

[rivaldo] 29/7/2020 09:33

New interview with Mark Slater, in which he states that amongst his new post-COVID investments he's "established a position in Renew".

Which is nice :o))

[rivaldo] 23/7/2020 13:33

The Government have just announced £600m to kick-start "improvements to rail services in the north of England", primarly for electrifying the Transpennine route.



It just so happens that Amco-Giffen have already been contracted for works on the Trans Pennine route to allow for electrification - and RNWH two years ago expanded their capabilities to include their own Electrification and Plant internal design team.

[igoe104] 22/7/2020 12:25

I'm also noticing Clarke telecom are picking up a lot installing 5G masts.

[rivaldo] 22/7/2020 12:10

Seymour Civil are already working on a first phase of land reclamation across the first 50 acres at the former Redcar steelworks.

And now the STDC have up to £130m of demolition works planned for the area - lots of potential/likely work here for Seymour Civil as well as VHE:



"Demolition contractors alerted to Redcar steelworks opportunity
3 hours

The South Tees Development Corporation is planning to spend £130m on demolition services for urban regeneration in the northeast.

The South Tees Development Corporation (STDC) area covers approximately 4,500 acres of land to the south of the River Tees in Redcar, including the former Sahaviriya Steel Industries (SSI) steelworks site as well as other industrial assets.

Earlier this month, STDC submitted plans for a 4.5m sq ft manufacturing space on the site of the former steelworks – the biggest planning application in the north of England. The construction phase of the development would create 1,000 construction jobs during its eight-year build, with 9,000 more in permanent roles when complete, the corporation said.

Hartlepool-based Seymour Civil Engineering is already working on the first phase of land reclamation across the first 50 acres.

Now, STDC has published a prior information notice (PIN) alerting the demolition sector to a framework that it plans to establish

It is anticipated that the procurement will be divided into two lots: above £750,000; and below £750,000 in value.

“The estimated expenditure through this framework is anticipated to be in the region of £130m, but it is possible that additional demolition projects could be added during the term of the framework, taking the total value potentially to £130m,” the PIN says."

[rivaldo] 16/7/2020 11:44

News today that Boris is thinking of moving Parliament to York. Whatever happens, there's going to be lots of work coming up for RNWH (particularly Seymour Civil) per this article from a few days ago:



"Neglected for decades, the Palace is falling apart faster than it can be fixed, which means there is a growing risk of catastrophic failure from fire, flooding or falling masonry. Fixing these problems is a huge task. The refurbishment of the Palace, with its footprint the size of 16 football pitches, will be the biggest, most complex heritage renovation ever undertaken in the UK."

"But make no mistake. The Palace needs saving and restoration and renewal is urgent. Since 2016, according to the NAO, Parliament has spent more than £369m on projects to keep the Palace working – and the maintenance bill is increasing sharply every year. There is already a backlog of repairs estimated at well over £1 billion."

[rivaldo] 08/7/2020 12:49

Beat me to it again igoe104 :o))

Looks like a biggie, with 120 acres of land to be redeveloped and a total of 1420 acres having been bought, so perhaps much more to come.

[igoe104] 08/7/2020 11:59

PLANS SUBMITTED FOR STEELWORKS SITE DEMOLITION.

The application would allow for comprehensive remediation of the land and ground engineering works to be carried out, with the contract being awarded to Hartlepool-based Seymour Civil Engineering

[bsdjj] 06/7/2020 14:31

Pretty sure the seller has been cleared now....

[wad collector] 03/7/2020 16:56

That is only going to influence the short term share price ; will the hour of announcement of an RNS affect today's price? Surely it is the content that is remembered not the time of day months later?
As neither of us, I think, are worrying about next weeks share price ,we don't need to be arguing.
Good to see those buys.

[rivaldo] 03/7/2020 12:39

No. The news will get noticed if issued in the morning. Whereas I've known many occasions when people have missed news issued late at night - it's always best to get the news out there at the most optimal time.

Especially when it's director share buying!

[wad collector] 03/7/2020 08:23

Only if you are bothered by short term price movements!

[rivaldo] 03/7/2020 07:48

LOL! Certainly better to issue good news in the morning than hiding it away at 6.00 at night.....

[rimau1] 03/7/2020 07:17

Re the director buys rns. They listened to you Rivaldo!

[rivaldo] 03/7/2020 07:06

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: