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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 9976 to 10000 of 10200 messages
Chat Pages: 408  407  406  405  404  403  402  401  400  399  398  397  Older
DateSubjectAuthorDiscuss
18/2/2022
12:53
Nice Airport framework for Amco-giffen.

hTTps://www.google.com/url?rct=j&sa=t&url=https://www.newcivilengineer.com/latest/amcogiffen-eurovia-and-kier-among-winners-on-manchester-airport-group-700m-civils-framework-17-02-2022/&ct=ga&cd=CAEYACoTNDY2NzU1NzkwNDQyNTA3NTUxMDIcZGM1MjUwNzIzZjE3NTA4Mjpjby51azplbjpHQg&usg=AFQjCNH7nMr9ZYSwBJIAuMMcS6haW3kuHw

igoe104
09/2/2022
16:40
I will be, wad collector. I very rarely sell anything this day of a age. If its good enough investment plan for investors like John Baron, Warren Buffet, Lord Lee etc its good enough for me.
igoe104
09/2/2022
15:45
Yep and I assume you are holding out for another 15 yrs to ten-bag them again to make them a hundred bagger?
wad collector
07/2/2022
15:17
Much appreciated rivaldo.
scottishfield
07/2/2022
12:48
The new issue of SCSW was out this weekend, so it should be OK to reproduce the rather positive coverage of RNWH from the last issue:

"Renew

820p Epic code: RNWH

(Sharewatch) Renew's FY21 results demonstrate the benefit of current and prior year M&A. Revenues increased by 28% from £620m to £791m, helped by a full year’s contribution from Carnell and the in-year acquisitions of J Browne and REL. Pretax profit was up 31% to £50.8m and eps were up 23% to 50.1p. Net debt was £13.3m despite £33m spent on the acquisitions.

Within Engineering Services, which accounts for over 95% of the group’s adjusted operating profit, sales were up 22% to £706.7m with operating profit up 26% to £51.5m, resulting in an operating margin of 7.3% (2020: 7.1%) and the divisional order book has increased from £665m (March) to £679m.

The Rail and Highways divisions were the swing factor behind the 12% organic growth. Renew holds over 50 CP6 maintenance and renewals frameworks across Rail and this segment is >50% of the group whilst the £38m Carnell deal now takes it into the buoyant Highways segment. Although these are mostly about maintenance rather than capex, a helpful tailwind is the government’s National Infrastructure Strategy, which has committed over £24bn investment between 2020-21 and 2024-25 in strategic roads and a £96bn investment in rail infrastructure, which is the biggest in history. Other smaller segments aren’t doing too badly; notably, nuclear works have recovered at Sellafield since early May whilst Water had been weak due to the transition to AMP7 but has been ramping up in H2.

First written about at 79p in January 2007 (and more recently at 430p in Sep ‘20), the shares are now a 10-bagger. Peel Hunt forecasts eps of 53.2p for the current year to end September but if last year’s momentum is anything to go by, these will be well beaten."

rivaldo
07/2/2022
09:20
yes and not just the high salary , the 3 directors have granted themselves massive share options.
too much of the profit is going to them , thats why I sold out

gilesy
06/2/2022
15:06
Giles
23/12/21
And the bod does not actually manage any of the 13 business units.
So these Packages are proportionally repeated across all 13 fully staffed operating companies. Now that’s a LOT of brass.

wind dancer
02/2/2022
12:34
Yep, nice bounce - and on healthy volumes too with 300,000 shares traded already today.

Looks like 260,000 shares bought at 754p reported late from earlier in the day given the move up..

rivaldo
02/2/2022
12:13
Hopefully thats a clearance of some overhang and now RNWH can go back over £8, again.
igoe104
02/2/2022
11:49
Quite large trades going through at 754. Look like sells but not sure
harrogate
28/1/2022
07:23
Shore Capital's latest Buy note after Wednesday's AGM statement says Buy with a 930p fair value:

"Renew^ (RNWH, Buy at 709p)
AGM statement Q1 trading in line; attractive entry point

Summary

This morning, the engineering services group, supporting UK infrastructure, announced, ahead of its AGM, that Q1 22F trading, net debt and cash generation were in line with the Board's expectations. The Group order book at 31 December 2021 was £742m (31 December 2020: £677m; 30 September: £749m) and the Engineering Services order book was £687m (31 December 2020: £583m; 30 September: £679m).

Forecasts

We expect to leave our forecasts unchanged but see scope for upgrades. Renew has consistently had a very high level of visibility with c70% of current year forecast sales usually in the order book.

This has helped the group meet or beat consensus profit forecasts in every year since the group came into its current form in 2006.

Valuation and recommendation

We believe Renew represents a good opportunity for investors seeking to benefit from the UK Government's commitment to invest £640bn in infrastructure from 2020 until 2025. Given the nature of the group's variable, cost-plus contracts, we believe Renew is very well placed to pass on inflationary pressures to customers. We also believe it is protected against economic downturns given that its revenue is driven by the public sector.

We continue to believe Renew has a lower risk profile than the market perceives, possibly due to associations with peers servicing much larger fixed contracts. Renew's ability to control costs and resilience during the pandemic has been much greater than the majority of Industrials and worthy of an even greater re-rating, in our view. It is highly unlikely, in our view, that operations will be significantly impacted by restrictions related to the Omicron variant.

We maintain our BUY recommendation and 930p DCF-based fair value (31% upside). We see significant scope for this to be upgraded. As of yesterday's closing price, the shares trade on 13x our FY22F EPS forecast and 9x on an EV/EBITDA basis. We believe the current share price represents an attractive entry point for Renew. BUY"

rivaldo
27/1/2022
15:23
Considering Renew is ex-dividend today, the price is very strong
grahamburn
27/1/2022
11:30
Same here w c, added, but I shall continue to hold.
scottishfield
27/1/2022
11:14
I already have too many of these but couldn't resist adding some more on this weakness which seems illogical.717 I suspect will be 800 in a few weeks and this time I will trade them out.
Missing the 11p divi today is a small extra price.

wad collector
27/1/2022
08:34
Shore Capital remain very keen after yesterday's update:

Https://www.morningstar.com/news/dow-jones/202201263747/ftse-gains-renew-holdings-could-capitalize-on-gbp640-billion-infrastructure-spend

"Renew Holdings Could Capitalize on GBP640 Bln UK Infrastructure Spend

Renew Holdings is a good opportunity for investors looking to benefit from the U.K. government's commitment to invest GBP640 billion in infrastructure, Shore Capital says. What's more, the U.K. engineering-services company's variable cost-plus contracts leave it well positioned to pass inflationary pressures on to customers and its public-sector-driven revenue protects it from economic downturns, Shore adds. "We continue to believe Renew has a lower risk profile than the market perceives, possibly due to associations with peers servicing much larger fixed contracts," the U.K. investment group says. Shore Capital has a buy rating on the stock. Shares trade up 3.8% at 736 pence."

rivaldo
26/1/2022
07:45
I always find it strange how folks panic sell when general markets are going down. When you think about it they are only selling because others are. A weak way of going through life.
igoe104
26/1/2022
07:41
The strong order book certainly underpins prospects. The key this year is the cost plus nature of its contracts so Renew should manage inflation pressures better than most. After the recent fall 13x 2022 earnings is too cheap IMO.
rimau1
26/1/2022
07:17
As always today's AGM update is short, and is relatively sweet. Q1 trading and cash generation is nicely in line, the overall order book is steady at similar levels to the year end record highs, and the higher margin engineering order book has continued to increase.

Not long either until the H1 update on 1/4.

rivaldo
24/1/2022
17:31
Good adding opportunity coming up.
scottishfield
24/1/2022
14:01
Agreed, the volumes are small and the MMs are simply taking advantage of forced/panic sellers with exaggeratedly low prices.

Remember only last month RNWH said:

"Current Trading & Outlook

· Positive trading momentum carried into new financial year

· Strong forward order book underpins confidence in achieving further progress in 2022

· Confident in our future prospects and well positioned to capitalise on our strengths to target new opportunities in attractive markets"

rivaldo
24/1/2022
13:45
Seems like a dramatic fall on low volume of transactions.

Hope the upcoming update due at the forthcoming AGM this week is going to be positive to reverse the trend and that the fall is not due to leaked news of it.

wfcreserves
21/1/2022
14:40
Xd 11p next week.
wad collector
19/1/2022
11:15
Seymour Civil leading a £4.5m project supporting the Teesworks Skills Academy:

Https://netimesmagazine.co.uk/observations/first-steel-in-ground-for-teesworks-skills-academy-building/

rivaldo
17/1/2022
12:47
Good news for VHE - they've just won places on all 3 lots of a sizeable new framework for site remediation works by the Your Housing Group:

Https://www.vhe.co.uk/news/yhg-framework-success-13-01-2022

"YHG Framework Success

VHE are absolutely delighted to announce that we have secured a place on all three lots of the Your Housing Group Framework Agreement for Site Remediation Works. The framework is in place to ensure that YHG sites are in a condition fit to begin development for residential properties."

The work is detailed here - not sure if they replicate each other or not, so the total could be £20m or up to £30m for the total framework:

Https://bidstats.uk/tenders/2022/W02/766640478
Https://bidstats.uk/tenders/2022/W02/766640532

rivaldo
15/1/2022
10:27
Nice framework for Shepley engineering.

hTTps://www.google.com/url?rct=j&sa=t&url=https://cumbriacrack.com/2022/01/14/west-cumbrian-firms-win-7-million-nuclear-contract/&ct=ga&cd=CAEYACoTODMxODU1NjY5OTk0NDQ2NzQyNTIcNmNiYTk4NDRiY2E2YTFmODpjby51azplbjpHQg&usg=AFQjCNGwbhtBAeANg0iRlLFNafJpSonJBw

igoe104
Chat Pages: 408  407  406  405  404  403  402  401  400  399  398  397  Older
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