Renew Share Discussion Threads

[rivaldo] 25/11/2020 15:23

As well as the Northern infrastructure bank and spending on road and rail, more excellent news confirmed too for RNWH on flood defences and electric car charging points:



"£5billion for flood defences was announced too, alongside £1.9bn for electric vehicle charging points and infrastructure."

[dennisbergkamp] 25/11/2020 14:08

"High streets and Town Centres"?

Why? They're done.

D

[rivaldo] 25/11/2020 13:48

Early highlights from the Chancellor's speech - great to see a new National Infrastructure Bank being set up in RNWH's homeland of the North, and also the focus on rail and road spending:



"The Chancellor also announced a new UK infrastructure bank to be headquartered in the north.

He promised a £100bn infrastructure investment – the highest in 40 years which will focus on housing, broadband, mobile connectivity, roads and cycle lanes.

A new "levelling up fund" worth £4bn was also announced with local areas able to bid to fund projects of up to £20m which can be delivered in the current Parliament and "command local support".

Sunak said the initiative was about funding the "infrastructure of everyday life" including new bypasses, upgraded railway stations, better high streets and town centres."

[rimau1] 23/11/2020 16:00

Thanks Riv, i had forgotten about Clarke Telecom and the 5G testing exposure. Renew really does tick all the boxes. Still a significant market disconnect. (1) still only valued at a little over 12x 2021 earnings (2) net cash position by year end meaning another earnings accretive acquisition could be in the pipeline (3) expect reinstatement of dividend (4) trading ahead of expectations (5) exposure to high growth UK infrastructure markets.

[rivaldo] 23/11/2020 09:17

Rishi Sunak's National Infrastructure Strategy for £100 billion of long-term investment will be revealed on Wednesday.

This should have lots of good news for RNWH, concentrating on flood defences (Seymour Civil), transport and potholes (Carnell), 5g/fibre broadband (Clarke Telecom), electric car charging points (Seymour, Carnell) etc.

[nw99] 19/11/2020 11:23

Nice buying

[rivaldo] 19/11/2020 11:20

Indeed rimau1. Great to see buying at 500p and above now.

[rimau1] 19/11/2020 11:01

Market finally catching on that Renew is a high quality niche operator in a sweet spot of essential fast growing UK operations. At last. Looking forward to results and upgrades with 2021 govt fiscal stimulus and clean energy drivers.

[rivaldo] 18/11/2020 09:37

RNWH's Carnell, AmcoGiffen and Clarke Telecom are all electric vehicle chargepoint installers.

So there are likely to be substantial benefits from the proposals in the UK green energy plan to be outlined later today:



"Electric vehicles

The government has brought forward the ban on the sale of new petrol and diesel cars and vans by a decade to 2030. It is one of the earliest deadlines of its kind in the world.

Hybrid cars with a combustion engine will be sold until 2035 provided they can drive a “significant” distance in zero-emission mode, probably 30 miles or more. The government has also committed itself to consulting on phasing out new diesel lorries."

"On public transport, money has been allocated for electric and hydrogen buses, with at least one town or city getting a fully electric fleet by 2025."

[3800] 12/11/2020 18:48

thanks for the link to the Crinan canal rivaldo. I didn't know "dredgingtoday.com" existed. I am resisting the temptation to say it was as dull as ditch water.

[rivaldo] 12/11/2020 12:13

AmcoGiffen are busy with two new projects covered in the media in the last week. This canal infrastructure contract is worth £3.7m:



And there's a rail platform extension project worth £5m completing in December:

[wad collector] 09/11/2020 15:35

Wow , who would have suspected the news of one vaccine preliminary results would be so dramatic on the markets?
Untested in the vulnerable groups, no information on mortality reduction, major logistic problems with distribution of a thermally unstable RNA compound are just some of the problems , but hope is driving the markets up. If you are not in the at-risk groups don't hold your breath , you won't be getting a covid immunisation pair of appointments soon!
But at least it is taking the RNWH share price back up to where we mostly agree it ought to be.

[rivaldo] 09/11/2020 15:23

RNWH were already trading ahead of expectations, but today's vaccine news appears to have sparked things off nicely.

[rivaldo] 04/11/2020 11:01

Cheers Harrogate.

The run-up to the year end results on 8th December could prove fruitful imo, given the "materially ahead of current market expectations" trading statement. It's only a month away now.

Hopefully a return to 550p is on the cards.

[harrogate] 04/11/2020 08:22

Thanks for finding this stuff. We are all agreed on the growth drivers as every tip and every broker note states but I don't think we will go anywhere here until the 21 & 22 numbers in the forecasts actually show that growth is happening. Until then it is all noise. I am a strong holder of many years but we need to see growth especially after the 2 large deals in the last couple of years

[rivaldo] 04/11/2020 07:16

Nice comment from Shore Capital (strangely in a research report on Strix!).....



"‘We see more upside for Renew (RNWH), which has also demonstrated resilience in full year 2020, and has a number of growth drivers including significant increases in government spending on infrastructure.’"

[rimau1] 28/10/2020 10:22

As usual with this it is very hard to top up on the drop, never any stock around.

[rivaldo] 28/10/2020 08:53

Hard to believe we're now almost back to levels prior to the "materially ahead of current market expectations" RNS. The only explanation is the miserable markets.

Hopefully the run-up to the 8th December results will see a nice revival.

OT : hi wad collector. Having joined ADVFN around 2002 I've probably worn through three or four keyboards by now :o))

[wad collector] 27/10/2020 19:07

Not come across you on any of my other holdings rivaldo , but just noticed that you are about to reach 56,000 postings on advfn. That is enough to wear out your keyboard!

[rivaldo] 25/10/2020 11:05

Cheers Ian :o)) You too....

I use SCSW and Techinvest, plus I pay up for various other stuff including Research Tree, ADVFN etc, so that's more than enough for me! I like to do my own research, as I never trust data-led web sites like Stockopedia which invariably sift out the wrong or unadjusted information (ADVFN's info is often wrong too), and I get enough ideas already elsewhere. But maybe Stocko's info gathering is better these days.

[iandippie] 25/10/2020 07:51

Rivaldo, I recently signed up for Stockopedia. That, combined with SCSW, is absolutely brilliant for selecting winning stocks. Also, seeing you on a BB is a good sign too :-) Do you use another tools or tipsheets?

[rivaldo] 16/10/2020 07:23

Good to see a new article on Stockopedia assessing RNWH as a "high quality" stock with a good Piotroski score and a "cheap" valuation:



"The Renew Holdings share price has moved by 8.45% over the past three months and it’s currently trading at 482.56. But what's interesting about this share is its potential exposure to the influential profit drivers of high quality and a relatively cheap valuation....

....One of the quality metrics for Renew Holdings is that it passes 6 of the 9 financial tests in the Piotroski F-Score. The F-Score is a world-class accounting-based checklist for finding stocks with an improving financial health trend. A good F-Score suggests that the company has strong signs of quality.....

.... As a percentage, the higher the Earnings Yield, the better value the share.

A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Renew Holdings is currently 7.01%.

In summary, good quality and relatively cheap valuations are pointers to those stocks that are some of the most appealing to contrarian value investors. It's among these shares that genuine mis-pricing can be found. Once the market recognises that these quality firms are on sale, those prices often rebound."

[wad collector] 09/10/2020 13:31

Looks like this is finally being noticed by the market as £5 approaches again.