Renew Share Discussion Threads

[rivaldo] 09/9/2020 10:31

Cheers. Their 590p price target is reasonable for the moment, but may be upgraded imo after the upcoming 30th September year end.

[bsdjj] 09/9/2020 08:45

Numis have upgraded FY Profit forecasts for FY20 (EBITA & PBT) by 7-9%. Target price 590p (unchanged).

[wfcreserves] 07/9/2020 11:45

Will be nice if a reinstated dividend is materially ahead of expectations too!

[rivaldo] 07/9/2020 09:18

Thanks for the good news re the 5G mast igoe104.

Over £100,000 of buys this morning already - given the trading "materially ahead of...expectations" hopefully any seller is being cleared out fast.

[igoe104] 06/9/2020 14:23

Clarke telecom should do very well from all this 5G investment.

Plans for Barrow 5G mast approved

[rivaldo] 04/9/2020 14:46

Good to see the bid price starting to rise and now at 462p. Perhaps our seller is finally cleared/clearing.

[rivaldo] 04/9/2020 11:25

The IC have just updated, and say Buy at 463p - here's the conclusion. I assume their 2021 P/E is based on old forecasts which will now be upgraded.

Hopefully today's news will finally underline to the market the difference between RNWH and the rest of the construction sector in terms of both their terrific defensive qualities cobined with high growth potential:



"IC View

The unscheduled trading update sent the shares up by almost a tenth to 463p. Amid the fallout from Covid-19 and an economic downturn, the outlook for UK construction is shaky. But we continue to like the stability offered by Renew’s preference for non-discretionary infrastructure projects that are underpinned by long-term, regulated budgets. It is therefore well-positioned to benefit from the government’s £640bn infrastructure spending plans as well as any other infrastructure stimulus to kickstart the economy. With that in mind, the shares look undervalued at just 12 times forecast 2021 earnings. Buy.

Last IC View: Buy, 474p, 19 May 2020"

[cfb2] 04/9/2020 10:11

As I said a few days ago, I was baffled at the low share price but was quite happy to accumulate. It seems that the rest of the market was just a little slow to catch on. Given our current P/E ratio I would expect us to be retracing to 550p in short order.

[wad collector] 04/9/2020 08:59

Excellent , and as I was questioning earlier in the week , would suggest continues to be undervalued even with today's rise. As you point out Rivaldo, this current 460p price does not compute.

[rivaldo] 04/9/2020 08:56

SCSW noted that the prior forecast for the year finishing this month was £36.2m profits, or 38.9p EPS. So today's upgrade implies a 10% uplift in profits. The same assumption gives almost 43p EPS.

The prior forecast for the year starting next month was £39.9m profit, i.e 43.2p EPS - which RNWH have delivered a year early.

If forecasts for the year about to start increased by 10% that would give 47.52p EPS.

At 460p that gives a soon-to-be current year P/E of only 9.7.

Which is far too low to start with, without even looking at forward P/E ratios.....

[nw99] 04/9/2020 08:45

Doubled up this morning

[rimau1] 04/9/2020 08:43

I suspect we are on a current year PE of about 12 which will translate into single digits FY2021. Crucial for me we are debt free again which opens up the possibility if another earnings enhancing acquisition. Strong buy for me even after the nudge up this morning.

[rivaldo] 04/9/2020 08:26

SCSW last weekend stated that the shares "could in a couple of years be making an assault on £10".

Which would be nice.

[nw99] 04/9/2020 08:16

550 target

[nw99] 04/9/2020 08:01

Yes awesome rec from SCSW

[abarclay] 04/9/2020 07:53

Thank you #RNWH After a poor day yesterday, It's nice to wake up to "the Board expects the Group's full-year results to be materially ahead of current market expectations" have to say SCSW called it spot on as front page at the weekend.

[igoe104] 04/9/2020 07:45

This is going down well on Twitter lots of positive noise. Didn't realise Gordon (glasshalfull) has started buying these as well.

[dr biotech] 04/9/2020 07:41

Consensus was about 36.5m so that’s about a 10% beat. Let’s hope for a similar rise in the share price .

[igoe104] 04/9/2020 07:39

Absolutely fantastic considering covid, it just shows how crazy markets can be.

[cwa1] 04/9/2020 07:26

Superb :-)

[nw99] 04/9/2020 07:16

Wow materially ahead