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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 10051 to 10073 of 10200 messages
Chat Pages: 408  407  406  405  404  403  402  401  400  399  398  397  Older
DateSubjectAuthorDiscuss
07/7/2022
12:12
Could that be a reason for finding it difficult to attract a new non exec? It's been seven months the last attempt. (edit) Four months since she resigned.
wfcreserves
07/7/2022
09:30
Hopefully this is the end of Allenbuild legacy issues, but who knows:-

Https://www.constructionenquirer.com/2022/07/06/leisure-centre-legal-battle-ends-15-years-after-handover/

jeff h
06/7/2022
13:07
New £2.7m contract win for AmcoGiffen in Scotland for transformation of derelict land and reduction of flood risk:

Https://projectscot.com/2022/07/amcogiffen-to-lead-2-7m-transformation-of-barrheads-carlibar-park/

It looks like there's a major new phase of nuclear decommissioning happening at Sellafield for Cumbria Nuclear Solutions, in whom Shepley are a major player, judging by this which notes that the Decommissioning Delivery Partnership has been extended by 5 years to 2026:

Https://www.neimagazine.com/features/featurecranes-support-new-phase-at-pfsp-9772782/

And RNWH have set up a web site for their new Arq collaboration to promote their capabilities in the potentially huge drive for rail electrification:

Https://arqrail.com/about-us/

rivaldo
20/6/2022
13:53
Dividend yield not so attractive in an inflationary period with rising interest rates?
wfcreserves
16/6/2022
12:34
Could be that but with their line of business and little debt I'm confused why such a big mark down for specifically renew.
mattboxy
16/6/2022
08:16
err, anything to do with interest rates?
johnrxx99
15/6/2022
19:31
Why the fall at the end of day?
mattboxy
15/6/2022
06:52
Severfield's results today also have encouraging commentary as regards spending on RNWH specialisms such as rail electrification, roads, nuclear etc in a section entitled 'A golden age of infrastructure'.....here's an extract:

"In November 2020, the UK Government released details of its five-year plan, the National Infrastructure Strategy ('NIS') to invest in digital, transport and energy to drive economic recovery, levelling up and meeting the UK's net zero emissions target by 2050. This plan announced funding of £650 billion, an increase of around £100 billion from the previous plan, for developments in roads, railways, power networks and other UK infrastructure projects. At Network Rail, in addition to HS2, the CP6 (control period) budget of around £53 billion (2019-2024), which includes a significant amount of rail electrification work, is substantially higher than the previous CP5 budget of £38 billion (2014-2019). At Highways England, the second Road Investment Strategy ('RIS2') budget of £24 billion (2020-2025) is a significant increase over the expenditure of £15 billion during 'RIS1' (2015-2020)."

rivaldo
08/6/2022
06:44
Encouraging comment from VP PLC's results today - they note that both water (AMP7) and Rail (CP6) were subdued for most of that year, but improved in Q4 to 31st March.

Which makes RNWH's excellent H1 figures and outlook look even better, especially with the major infrastructure spend programmes now picking up nicely.

rivaldo
06/6/2022
09:27
AmcoGiffen have won a £20m rail construction project in Ebbw Vale to be built over the next 18 months:

Https://www.constructionnews.co.uk/civils/design-partner-named-for-70m-welsh-railway-upgrade-10-05-2022/

rivaldo
31/5/2022
14:29
Good to see amco involved with this large 1.56 Billion contact.

hTTps://www.google.com/url?rct=j&sa=t&url=https://www.eastmidlandsbusinesslink.co.uk/mag/news/east-midlands-firms-win-place-on-1-56bn-civils-and-infrastructure-framework/&ct=ga&cd=CAEYACoUMTA3NTE0Njk5MjM0MDQ5NDAxODcyHDMyZTgwOGU1ZDBmNTIzZjQ6Y28udWs6ZW46R0I&usg=AOvVaw1YXULx9lvOG4dZIQYo4nWC

igoe104
31/5/2022
12:05
Just noticed a Motley Fool tip from 2 weeks ago;


Nuclear specialist
I normally avoid buying shares in building contractors. But I think that Renew Holdings is a bit different. This business specialises in essential infrastructure such as rail, water and nuclear energy.

Most of these areas are heavily regulated. Unlike housing and commercial property, they do not usually suffer from cyclical booms and busts. I’m particularly interested in the exposure to nuclear energy, which I think could be a growth area as the UK moves away from coal and gas.

Renew has delivered steady growth in recent years, with profits rising from £12m in 2017 to more than £30m last year. So far, management has been able to manage material shortages and rising costs without any impact on trading, we’re told.

If these problems continue, I think it might become more difficult for the company to manage them. That could cause profits to fall below expectations.

However, I’d see this as a short-term issue that would affect many competitors equally, so I’m not too worried. For now, I think Renew Holdings looks an interesting opportunity for continued growth.

wad collector
30/5/2022
13:10
J.Browne are on a roll - they've announced a second framework win within 4 days.

And this one's even better, as sole supplier to Affinity Water for four years and potentially eight years:

Https://jbconstruction.co.uk/news-blog/j-browne-awarded-4-year-below-ground-framework-agreement-with-affinity-water

"J.Browne Awarded 4-Year Below Ground Framework Agreement with Affinity Water
May 23, 2022

J Browne Construction has been awarded the Below Ground Assets framework agreement as sole supplier with Affinity Water. The framework will be in place for 4 years and is potentially extendable by a further 4 years. This award follows a successful 4-year period of working with Affinity Water, culminating in over 20km of new trunk main pipelines being installed within the last 12 months.

The framework covers the design, construction and commission of trunk mains and distribution mains across the Affinity Water network, including 30km of large diameter pipe work in the initial 4-year period.

This award follows the successful extension of our Above Ground Assets Framework in 2021 through to March 2026."

rivaldo
24/5/2022
13:49
Got some more at 690. Hold and forget.
wad collector
22/5/2022
07:00
News of both QTS and AmcoGiffen now working on a major £116m Levenmouth Rail Link project which will run through to March 2024:

Https://www.qtsgroup.com/news/construction-of-levenmouth-rail-link-project-gets-underway

Plus Shepley report they're recruiting "due to a strong order book":

Https://twitter.com/ShepleysUK

rivaldo
20/5/2022
14:48
Article in IC today which is not as positive as it usually is about RNWH citing concerns about the wage inflation with an increased staff turnover and doubt about whether the Government will backtrack on its infrastructure spending plans. However it does concede the essential work revenue makes this a robust holding but concludes a HOLD .(Which is the first time I can recall them not having it as a Buy).

Personally I am not worried and might add a few more.

wad collector
18/5/2022
08:59
Agreed - with 26.2p EPS in H1, plus

- the usual H2 seasonality
- an entire H2 unaffected by the pandemic
- the large water, rail and road infrastructure frameworks now kicking in

there's a very good chance imo that broker forecasts will be beaten.

Shore Capital say Buy, noting:

"Renew has consistently had a very high level of visibility with c.70% of current year forecast sales 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."

"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".

rivaldo
17/5/2022
18:25
wfcreserves - Allenbuild continues to haunt Renew. Outgoing Chairman David Forbes told me earlier this year that defect claims can be made up to 12 years from practical completion though was happy at the time with the level of provision subject to new facts coming to light, looks as though new facts did come to light.

davebowler - thanks for 9798 though I suspect the analyst research you are quoting is from Peel Hunt and not Cenkos.

jeff h
17/5/2022
11:37
Cenkos-
RENEW HOLDINGS (RNWH; 715p; NR): Renew has turned in a record set of interims (to Mar-22) with turnover 13% higher at £414.3m, adjusted EBIT 18% higher at £26.0m and PBT 20.6% higher at £21.8m. Margins have further improved to 6.3% (vs 6%) making this one of the better margin construction services groups. Adjusted EPS were 14.6% increased at 26.2p and supported the 17.4% jump in interim dividend to 5.67p, along with the props of an almost debt free Balance Sheet (£1.2m net debt pre-IFRS16) and 2.8% higher order book at £771m. The core Engineering Services division (95% of group profit) delivered 15.3% revenue growth and operating profit of £26.6m +20%, at a margin of 7%. Rail has again performed well within this division and the integration of Browne has given the Water sub-sector a real boost. The small Specialist Building division focussed on high quality (London) residential refurbishment and Science markets saw revenue slip c5% to £36.9m and likewise operating profit to £0.6m/margin 1.6% (vs 2.1%).



As regards outlook, Renew rolls out the longer term structural drivers for many of its key markets which give a degree of long-term visibility across largely non-discretionary spending cycles. Nothing has changed but shorter-term H2 has started well and management is confident of meeting FY22 expectations which currently stand at c£834m revenue, EBIT of £52.8m/margin 6.3%, adjusted PBT of £53.2m (vs £50.8m) and EPS 8% higher at 54.5p. with FCF likely to reach £40m, the group should end Sep-22 with net cash of c£5m.

davebowler
17/5/2022
08:15
Numis have retained their 900p target price - and have upgraded to Buy (from Add).

They note that their unchanged forecasts are conservative, given that the H1 actuals therefore imply a forecast 4% decline in EBITA in H2! In addition, last year's numbers split 47%/53% H1/H2, so the seasonality further indicates that the year's outturn should be pretty strong against forecasts.

Numis summarise:

"Renew's 1H22 results were in line with our expectations, and reflected a period of
consistent delivery against a backdrop of mounting supply chain and inflationary
concerns. With H2 having started well and in line with management expectations,
we leave our forecasts unchanged. We believe that the Group's direct delivery
model, its position on long-term frameworks, and its exposure to UK infrastructure
opex spend, are all factors that should help to business remain resilient in a more
uncertain environment. We retain our 900p PT and upgrade to BUY from ADD."

"Valuation: The shares have sold off along with the wider market since December's
Prelims, and now trade on a FY23E PE of c.12x and EqFCF yield of c.7%. We do not
think these multiples reflect the Group's track record of performance, strong balance sheet, or favourable end market exposure, hence our upgrade to BUY"

rivaldo
17/5/2022
07:57
And we finally say goodbye to Allenbuild and Lovell America issues?
wfcreserves
17/5/2022
06:44
Resilience shines through indeed. We always talk of the defensive nature of the business and the interims provide the proof. I particularly like the fact that shortages and cost inflation have been mostly absorbed in the framework agreements and contracts. I strongly suspect in a normalised operating environment we would have beaten expectations but agree that there is understandable fat in the forecasts to deliver a second half outperformance.
rimau1
17/5/2022
06:37
Totally agree, lovely rise for the interim dividend as well. Excellent stuff .
igoe104
Chat Pages: 408  407  406  405  404  403  402  401  400  399  398  397  Older
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