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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
  1.00 0.13% 750.00 749.00 760.00 760.00 747.00 747.00 23,977 16:29:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 791.0 40.8 38.7 19.4 591

Renew Share Discussion Threads

Showing 9826 to 9848 of 10200 messages
Chat Pages: Latest  396  395  394  393  392  391  390  389  388  387  386  385  Older
DateSubjectAuthorDiscuss
07/9/2021
06:47
There is no reason to ever sell a bean here.
rimau1
07/9/2021
06:21
Excellent, happy days :-)
cwa1
07/9/2021
06:16
Oh yes :o))

Https://uk.advfn.com/stock-market/london/renew-RNWH/share-news/Renew-Holdings-PLC-Trading-Update/85991959

Not just ahead, but "materially" ahead of current market expectations.....

Adjusted operating profit is expected to be - at minimum - £50m versus a current consensus forecast of £45.8m.

Order books are "strong", and:

"Activity levels are supported by long-term regulatory spend and the positive outlook for UK infrastructure. Pleasingly, the integration of the Group's two acquisitions during the period, Browne and REL are proceeding to plan and trading is in line with management's expectations."

Great stuff.

rivaldo
07/9/2021
06:13
Well that is an excellent announcement and you can see why the shares have been strong. Interesting to see what the brokers do for future years numbers and maybe the dividend. They are really doing well in riding the wave here. Shame I have been selling a few since mid £5.
harrogate
03/9/2021
11:01
The trading update was early September last year with results being materially ahead of expectations. Be nice if an early update comes this year too!
wfcreserves
02/9/2021
14:27
Nice share price rise again too; knocking on the £8 door again.
wad collector
01/9/2021
11:14
Nice contract here .for Seymour engineering..
https://www.google.com/url?rct=j&sa=t&url=https://www.constructionenquirer.com/2021/08/31/18-firms-win-220m-yorkshire-civils-framework/&ct=ga&cd=CAEYACoTMzUxOTc0NDY0NjU1MzA3NTkxNTIcMjBlNDBkODYyNDg1ZWYzZjpjby51azplbjpHQg&usg=AFQjCNGmVYcrOeF2qxtcmkzX2rCkY6Acsw

igoe104
27/8/2021
12:38
In today's IC, Algy Hall has run a screen covering the entire TSE small cap index and AIM to find which companies pass all the stringent tests below to qualify as a "High Quality" share.

Only 5 companies passed. RNWH are one of them (MWE, which I also hold, are another):

Https://www.investorschronicle.co.uk/ideas/2021/08/26/5-high-quality-aim-shares/

"The full screening criteria:

PE ratio above bottom fifth and below top fifth of all stocks screened.
A genuine value (GV) ratio below the top quarter of stocks screened.

GV ratio = (enterprise value/operating profit)/(forecast EPS growth + dividend
yield)

Earnings growth forecast in each of the next two financial years.
Interest cover of five times or more.
Positive free cash flow.
Market capitalisation over £20m.
A top-quarter return on equity (RoE) in each of the past three years.
A top-quarter operating margin in each of the past three years.
Operating profit growth over the past three years"

rivaldo
27/8/2021
10:38
https://www.google.com/url?rct=j&sa=t&url=https://scottishconstructionnow.com/article/4-5m-commercial-project-underway-at-ravenscraig&ct=ga&cd=CAEYACoTNDQ5MjUwODU4MzE2MzQ4OTEwNDIcMDM3NWZmMmQ4YTlhZGM3ODpjby51azplbjpHQg&usg=AFQjCNHSH5H6MHjL4zxxI3aJfUBrXgreaQ

Nice project for VHE construction.

igoe104
22/8/2021
19:37
No, happy to sit on the rest of mine for now...
I could give up profit taking any time I wanted. Once the tremor and insomnia have passed..

wad collector
21/8/2021
20:08
Wondering to sell a few more, wad collector? We know you suffer from irritable finger syndrome,you have more or less said in past posts. Do you think your anxiety is not evident?
mayers
20/8/2021
17:33
Some rather volatile trades in the last hour today , jumping around 720- 760 on the buys.
Tipped in IC again today in an article on how to profit from the big infrastructure spend.

wad collector
18/8/2021
19:59
Riv
Good men in David Lodge and Phil Kirby gave us ( VHE ) the opportunity to up our game. Enabling in turn Shepley, then the group and the our current CEO to reap their current rewards.
Hope they know their history.

wind dancer
18/8/2021
09:12
Reminds me of the heady days at uni, 50 years ago :-)
johnrxx99
18/8/2021
07:14
Nice to see buying this morning at over 800p.....

Evidence of the long-term nature of much of RNWH's work from this news:

Https://www.vhe.co.uk/news/

"13/08/2021

VHE celebrate 25 years working with National Grid Property Holdings

Since VHE Construction were first appointed in 1996 on the Project Atlantis Framework for British Gas we have been involved in the reclamation of over 500 sites across the length and breadth of the England, Scotland and Wales.

The framework is now known as the Provision of Land Regeneration Contracting Services for National Grid Property Holdings Ltd and VHE are proud to remain engaged with the client on projects across UK."

rivaldo
12/8/2021
06:42
The £55m Medical HQ project wasn't RNS'd, presumably because spread over the build period it didn't reach the annual materiality tests. I'd assume that's also the case for these new DEFRA contract wins.
rivaldo
11/8/2021
16:22
That is true. Surely these need RNSing if true?
harrogate
11/8/2021
15:08
Remember that Walter Lilly won the £55m headquarters project for the London Institute of Medical Sciences only two years ago, so these contracts are certainly within their capabilities spread over time assuming they're the correct numbers.
rivaldo
11/8/2021
14:51
Walter Lilly has an annual turnover of around £40m so they look wrong to me
harrogate
11/8/2021
14:28
The major contract is for a very specific amount - £58,638,626. Similarly for the second largest of £31,924,926, and the third largest of £20,722,441 etc etc.

Which suggests to me the amounts are correct. But given this is work from a government department errors wouldn't surprise me :o))

rivaldo
11/8/2021
14:03
Hi there. Just looking at the detail behind each award I don't think those numbers should be millions. Bit odd though
harrogate
11/8/2021
13:56
Walter Lilly appear to have won yesterday and today a combined £147m of construction and upgrade contracts from DEFRA....

Https://bidstats.uk/tenders/?q=lilly#756678655-756547683-45

Not bad at all! They all appear to be separate from each other (happy to be corrected:

"DEFRA Network Etendering Portal

Refurbishment of B329/330 award: Walter Lilly £58.6M
B358 Cattle Handling System award: Walter Lilly £31.9M
B265 Functional Safety Alignment award: Walter Lilly £20.7M
SSB to B17 award: Walter Lilly £13.3M
MSC Phase 1 award: Walter Lilly £12.5M"

rivaldo
10/8/2021
08:42
July's issue of SCSW is now out, so it should be OK to copy the Buy recommendation for RNWH from the prior issue in June FYI:

"Renew Holdings
Epic code: RNWH

(Sharewatch) Renew has reported an excellent H1 to end March (against comparatives that were pre-Covid), with sales up 17% to £366m, pretax profit up 19% to £18.1m and eps up 14% at 22.9p. Adjusted operating profit margin was 6% (down from 6.4%) mainly due to a mix change - with a higher proportion of speciality building work, which is only 2% margin.

Helped by six months from Carnell (versus three) Engineering Services grew sales 12% to £327m (+6.6% organic) with operating profit up from £20.5m to £22m. This was driven pretty much singlehandedly by a strong period in Rail.

Divisional work tends to be underpinned by frameworks but H1 saw weakness in Nuclear where all non essential work was stopped during the pandemic but this has since resumed to 85% of pre-pandemic levels. Water also saw a bit of a hiatus in work as the sector transitions from AMP6 to AMP7. But Renew is well versed to these cyclical changes.

CEO Paul Scott tells me he expects growth in the middle part of the five-year cycle to resume and is now working with nine of the 26 UK water companies. Post period end it bought J Browne, a water focussed engineering services business, which works for Thames, South Eastern and South Water. Given that Thames has such complexity, it was a region that would have been hard to enter organically. Net debt post the deal is £16m.

Trading in the first few weeks of H2 has been strong aided by the record period-end order book (£665m in engineering services) and margins look set to recover as H2 will be lapping weak covid impacted months. Peel Hunt forecasts £44.5m pretax profit/eps 45.6p. Although a ten-bagger on the first write up, the shares still look a Buy."

rivaldo
Chat Pages: Latest  396  395  394  393  392  391  390  389  388  387  386  385  Older
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