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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 10026 to 10050 of 10200 messages
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DateSubjectAuthorDiscuss
17/5/2022
06:31
Excellent H1 results.

Given the H1 performance RNWH look likely to beat forecasts of 53p-55p EPS this year imo.

The order books are rising, margins are increasing, RNWH are almost into a net cash position again, the risk-averse should love the pension scheme buy-in, and the divi is up 17%.

Above all, the outlook is extremely confident. There are growth prospects in so many areas - water, rail, ESG/green, nuclear, EVs, 5G/telecoms - and all largely underpinned by long-term frameworks with little discretionary spending.

rivaldo
16/5/2022
15:16
Fingers firmly crossed for at least a solid, or better, update tomorrow. Matching that up with a not completely manic market would be nice too-but that's possibly too much to ask :-)
cwa1
16/5/2022
14:11
Good omen for tomorrow's half year report? Hopefully start the uptick towards £8 again.
wfcreserves
16/5/2022
13:01
Good news, cheers - more from VHE itself:

Https://www.vhe.co.uk/news/vhe-success-on-the-pagabo-demolition-and-land-preparation-framework-10-05-2022

"VHE success on the Pagabo Demolition and Land Preparation Framework

VHE Construction plc are please to announce that we have secured a place on the Pagabo Demolition and Land Preparation Works Framework for the next 4 years.

We are on all of the Land Preparation Lots from the Midlands up to and including Scotland and are looking forward to engaging with the frameworks ecosystem and the opportunities that it will bring."

rivaldo
10/5/2022
16:55
VHE one of the 29 companies selected for £1.1bn demolition and land preparation 4 year framework,

hxxps://www.constructionenquirer.com/2022/05/10/winners-revealed-for-1-1bn-demolition-framework/

tanneg
22/4/2022
08:29
Good to see Seymour Civil interested in benefiting from the construction of a mammoth new £300m offshore wind facility at Teesworks, "which will produce the large steel tubes that form the foundations of the construction of offshore wind turbines":

Https://bdaily.co.uk/articles/2022/04/21/over-180-local-firms-gather-to-discuss-massive-benefits-of-300m-teesworks-offshore-wind-facility

rivaldo
20/4/2022
08:43
RNWH's Clarke EV are partnering with Volvo to install electric charging infrastructure across 27 of its dealerships around the UK.....

Https://theenergyst.com/volvo-trucks-to-install-ev-charging-infrastructure/

Extracts:

"Clarke EV is fitting 180 Swarco charge points, including a mix of AC charging posts and DC charging stations, at the manufacturer’s Volvo Truck and Bus Centre North & Scotland and Volvo Truck and Bus Centre South & East dealer locations.

The work is expected to be completed by June 2022."

“Initially, the focus is on ensuring our courtesy car fleet is 100% electric by June 2022; but the next stage will be looking at electrifying our van fleet too.”

rivaldo
11/4/2022
09:54
Encouraging to see that in their update note on VP Group three days ago, Equity Development said:

"aided by encouraging uplifts in rail (CP6) & water (AMP7) over the past month"

which should be good news for RNWH.

rivaldo
08/4/2022
13:18
Agreed - given RNWH's capabilities (in nuclear generally, not just decommissioning), there should be material work coming RNWH's way.

News yesterday of a £116m rail link project just beginning in Scotland for AmcoGiffen amongst others, through to March '24:

Https://www.amcogiffen.co.uk/news/levenmouth-link-underway

rivaldo
07/4/2022
14:06
Yes , I expected to see more share price rise today with the Gov announcements including the Nuclear power plans, surely good for RNWH?
wad collector
06/4/2022
13:14
Market doesn't seem to like good news. Perhaps they don't believe in "government commitments"?
wfcreserves
04/4/2022
08:31
In addition, Numis have a 900p target now and conclude as follows:

"RENEW (ADD 900p). Trading update.

First half trading was in line with management’s expectations and the Board remains confident in prospects for the full year. The order book has remained in line with the AGM position (up 10% YoY to £742m), underpinned by long-term framework positions. The business continues to successfully navigate industry-wide material shortages and inflationary challenge effectively, without material impact on trading. Net debt and cash generation are also in line with expectations, and we forecast pre-IFRS 16 net cash of c.£8m at Sep-22E.

We believe the shares have unjustly underperformed, down 18% over the past 3 months, and this update reaffirms the attractive defensive attributes of the business. The shares trade on a FY22E EV/EBIT of 9.9x and a P/E of 12.6x."

rivaldo
03/4/2022
15:09
Shore Capital have a 930p valuation per their post-AGM update, so lots of upside.

And "scope for upgrades" too

Extracts:

"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 forecasts 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."

"We maintain our BUY recommendation and 930p DCF-based fair value (36% upside). The shares have fallen 18% YTD after a very strong two-year run, presenting an attractive entry point. As of yesterday's closing price, the shares trade on 12.5x our FY22F EPS forecast and 8.4x on an EV/EBITDA basis."

rivaldo
01/4/2022
13:03
i sold at 8.14 , my reentry point would be 6.50 to reflect my displeasure at greedy management but dyor of course
gilesy
01/4/2022
13:00
i suspect i may not be alone in taking umbrage at the excessive share options the management have awarded themselves.
i dont dispute the company is in good shape but too much of any future profit is going to 3 directors rather than the owners i.e shareholders

gilesy
01/4/2022
10:13
Quite right - amended.
rivaldo
01/4/2022
08:29
@Rivaldo
I think you mean that the AGM statement was encouraging back in January, they have added little in the way of detail with this update except for the usual “in line with expectations”?

wfcreserves
01/4/2022
06:12
The H1 trading statement is encouraging and solid as ever, being in line with expectations and showing good cash generation.

With 54p-55p EPS expected to 30th September this year RNWH's defensive qualities, balance sheet strength (another acquisition soon perhaps?) combined with high growth potential in a number of sectors should hopefully see a return to 800p+ soon:

Https://uk.advfn.com/stock-market/london/renew-RNWH/share-news/Renew-Holdings-PLC-H1-Trading-Update/87724128

rivaldo
28/3/2022
09:25
The share is well placed for all sorts of reasons. Just a little patience required.
scottishfield
28/3/2022
07:34
Looks like the new Sizewell C nuclear power plant will now go ahead with government support etc:

Https://www.thisismoney.co.uk/money/markets/article-10657317/Government-set-20-stake-new-nuclear-power-plant-Sizewell.html

This is good news for RNWH given Seymour Civil's existing large presence at Sizewell B (and Sellafield etc).

rivaldo
25/3/2022
13:27
Good news for RNWH's Clarke EV subsidiary with heavily increased funding for EV charging points just announced:

Https://www.investorschronicle.co.uk/news/2022/03/25/today-s-markets-stocks-steady-government-looks-to-charge-up-ev-infrastructure/

"Government, BP, throwing cash at EV charging anxiety

The Department for Transport has announced plans to support a tenfold increase in the number of electric vehicle charging points across the UK as the focus shifts from consumer anxiety over the range of battery-powered cars to the practicalities of keeping them charged.

A new Electric Vehicle Infrastructure Strategy will provide a £450mn Local Electric Vehicle Infrastructure fund to provide EV hubs and other on-street charging. When added to the £950mn Rapid Charging Fund announced in September last year and other commitments, the department said it was providing £1.6bn to help build a network of 300,000 charging points around the UK by 2030. This equates to almost five times the number of existing fuel pumps.

"No matter where you live – be that a city centre or rural village, the north, south, east or west of the country – we’re powering up the switch to electric and ensuring no one gets left behind in the process," transport secretary Grant Shapps said.

Oil giant BP (BP) also committed a further £1bn to develop new charging infrastructure on Friday. It will fund "more high-speed charging in dedicated hubs and on existing fuel and convenience sites" as well as providing more home charging services, BP pulse senior vice president Richard Bartlett said."

More detail here:

Https://www.edie.net/news/13/Electric-Vehicle-Infrastructure-Strategy--UK-Government-to-pledge--1-6bn-for-public-chargers/

rivaldo
16/3/2022
08:27
Absolutely agreed wad collector. RNWH are now on a current year P/E of only around 12.6, have terrific visibility of revenues and defensive attributes, yet have high growth potential in a variety of sectors and have a secure Balance Sheet with the potential for further earnings-enhancing acquisitions.

Good to see buying at 690p this morning and the bounce continuing.

And Clarke Telecom are building a "radio base station, featuring a 25-metre lattice tower for nine antennas and six transmission dishes in the 2,760-acre Wykeham Forest, at Hackness, near Scarborough".

Hopefully lots more work to come under the Government-backed scheme outlined in the article:

Https://planetradio.co.uk/greatest-hits/yorkshire-coast/news/mobile-coverage-wykeham-forest-hackness-scarborough/

"The proposal is part of the Government-backed Shared Rural Network scheme in which Three, Telefonica and Vodafone are working to improve mobile coverage for people living, working and travelling in areas where installing mobile infrastructure has not previously been considered commercially viable or too problematic."

rivaldo
14/3/2022
16:27
It seems strange to me that the reasons why some people were prepared to pay 850p 3 months ago are not still valid. Hard to see that the business is much affected by world events , surely it is a safe haven as much as any equity can be?

PS I have lost interest in why one non-exec has left ; if there were several departures it would be significant but only one person knows the whole story.

wad collector
14/3/2022
14:53
@ Miss Womble

You could try emailing their PR firm.

Renew@fticonsulting.com

wfcreserves
14/3/2022
12:58
Is there anybody on this thread who knows the company sufficiently well to ask the company what happened?
miss womble
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