any read across from GFRD in a similar sector though not quite so rail-oriented? |
The resulting total of shares held by Swedbank is 4 3/4 million according to that RNS. |
.. that's adding about 3/4 million shares! |
Swedbank adding:- |
Renew Holdings plc's (LON:RNWH) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock? |
next support at £6. we may get there before bouncing |
This from Tracsis today The slow start to CP7 continues to affect the UK rail supply chain, and is impacting the Group's RCM business where order visibility is lower. We expect RCM volumes to return closer to historical levels in H2 FY25 as CP7 enters its second year in April 2025, however the timing of this remains uncertain. |
Octopus selling down. |
The respected Richard Beddard has RNWH as a top 10 holding and remains positive:
"Shares for the future: star stock might be good value now
At their cheapest since 2023 following last month’s profit warning, this could be just a blip, thinks analyst Richard Beddard who keeps this former high-flyer in his top 10.
etc" |
I am pretty sure that this is going to be a great entry point. But given they warned so early in the year and they generally are very conservative with the broker guidance it is clear that rail is very tricky. It might all sort itself out this year but there must be a chance that they warn again as it isn't getting sorted as they expected in the RNS. That risk is stopping me buying more at this price. |
Great spot igoe104 - that's a whopping £135m of revenues secured over the next 5 years.
And Full Circle have just won another wind farm service and maintenance agreement for turbines after a competitive tender process:
The share price may drift for a little while or could easily climb 100p-200p imo if any large sellers are cleared out and demand continues from large buyers like Swedbank. We shall see. |
Well spotted; a slow burning 5 more years to a 10 yr contract.
Looking back at the TU that crashed the share price last month, I am still puzzled by the magnitude of the drop. Considering it states that operating profit is still expected to be above prior years , and that they expect the "situation will normalise as we move through the cycle", and that the share price had already dropped 20% since the HY results, it seems hard to see why this won't recover to £9 or so . Yes the halo has slipped , but a solid income stream is still there in a diversified company. |
Lovely extended 135 million contract for browne. |
Exactly Harrogate.
But when Rail turns it should turn with a vengeance, given RNWH's market leadership in bridges, tunnels and signalling.
The same article notes that "The rail regulator has launched a major investigation into “systemic̶1; failings by Network Rail to ensure the safety of bridges, tunnels and stations across Britain’s train network."
"Some 4,500 rail infrastructure safety assessments are understood to be overdue, and in some cases there are no records of what rail infrastructure such as bridges can support."
"Rail infrastructure in the UK is ancient,” Samuel told The Sunday Times. “There are areas where signalling is more modern, but there are plenty of examples of where it dates back to the 1800s.” |
I don't see it as being as dramatic as that for Renew as they are on the repair and renewal frameworks in the main. I posted as a riposte to some of the nonsense posted on here about it doubling in the next 12 months which amazingly got 8 upticks.Very solid company with less than 50% in rail after the recent acquisitions but going to be tough this year |
Almost inevitable govt will try avoid spending except on essentials. Nobody will notice savings in rail upgrades etc apart from the likes of Renew. £43 billion over 5 years is an awful lot of money- twice the size of the chancellor's black hole, real or imagined. |
This is from the Times today. Must be a chance that things are still tricky in Rail. Anger has been growing among industry suppliers that Network Rail has delayed spending on previously announced maintenance and upgrades. The body was awarded a £43 billion spending package over the next five years from April 2024 for Control Period 7, or CP7. Tim Samuel, co-founder of signalling consultant Mosaic Rail, said that suppliers were now bracing for widespread redundancies because of a lack of spending. "The first year of the period has been at a standstill," he said. On LinkedIn last week, Samuel published a post entitled "Missing: CP7. Last seen: April 2024". It received more than a thousand responses - many supportive - from industry workers, including some employed by larger organisations such as AtkinsRéalis and Mott MacDonald. |
The usual afternoon raid here |
Funds tend to be mechanical and run by alogs - the computer says sell! |
They must be a big seller/ Sellers around if they have purchased loads of shares and its not even moved the dial..
These funds are too quick to press the sell button with any short-term bump in the road with a company. It amazes me, how they keep their jobs when they are so reactive ... |
RENEWS the Swedish connection after the Gylenhammar years of the early 2000s. |
Swedbank happy to snap up shares as fast as they can - they're now up to 5.04% and have bought another 460,034 shares from 6th Feb to 11th Feb: |
Appears that someone bought 2000 at 749p an hour ago ; looks like a rogue trade but looked interesting for a bit... |
And there's more :-))
Swedbank increasing |
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