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 Shares Traded Last Trade
  9.00 1.98% 464.00 115,817 16:35:20
Bid Price Offer Price High Price Low Price Open Price
466.00 472.00 474.00 464.00 465.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 600.63 37.75 29.60 15.7 364
Last Trade Time Trade Type Trade Size Trade Price Currency
16:38:43 O 20,000 470.00 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
2020-10-01 17:38:43470.0020,00094,000.00O
2020-10-01 16:15:00470.0023,032108,250.40O
2020-10-01 15:35:20464.0042194.88UT
2020-10-01 15:29:57466.001151.26AT
2020-10-01 15:29:57466.002093.20AT
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Renew (RNWH) Top Chat Posts

Renew Daily Update: Renew Holdings Plc is listed in the Construction & Materials sector of the London Stock Exchange with ticker RNWH. The last closing price for Renew was 455p.
Renew Holdings Plc has a 4 week average price of 420p and a 12 week average price of 390p.
The 1 year high share price is 570p while the 1 year low share price is currently 304p.
There are currently 78,555,054 shares in issue and the average daily traded volume is 70,758 shares. The market capitalisation of Renew Holdings Plc is £364,495,450.56.
rivaldo: Absolutely sure - it was copied as is and sent to me by a trusted source, dated 25th September 2020 and with the 593p target price. Probably as a Flash Note update it doesn't register on the site as a full update. To prove it, I've included below the Key Data and contact info which I omitted last time as unnecessary: "finnCap Company Flash 25 September 2020 Renew (RNWH) : Buy Support Services Resilient and reliable Key data Share price (p) 446.0 Target price (p) 593.0 Market cap (£m) 350.6 Enterprise value (£m) 356.1 Renew’s trading update at the beginning of September detailed trading since H1 results had been strong and ahead of expectations. We have upgraded our FY 2020 EPS by 8% and improved our net debt assumption from £10.5m to £5.6m (excluding finance leases, the group will be in net cash). Renew’s engineering activities in Rail, Infrastructure and Environmental markets have remained robust, with the majority designated as critical to the COVID-19 response. We continue to forecast dividend repayments to recommence with a final in FY 2020 (results due 8 December) and reiterate our view that there is no change to the long-term outlook. This is supported by the Government’s commitment to invest £640bn over the next five years, which is looking increasingly essential to restart and support the economy. Guy Hewett 020 7220 0549 "
cfb2: As I said a few days ago, I was baffled at the low share price but was quite happy to accumulate. It seems that the rest of the market was just a little slow to catch on. Given our current P/E ratio I would expect us to be retracing to 550p in short order.
rivaldo: Yep, a terrific update today: - trading "materially ahead of current market expectations" - strong cash generation - the 30th September will see a net cash position, again ahead of expectations - the acquisition of Carnell is going very well - and this was achieved despite the nuclear maintenance activities having largely wound down due to COVID-19, so imagine the effect when these are fully working again! RNWH's share price should be substantially higher than this imo given (1) its defensive strength, (2) its increasing growth potential in all its divisions over the next few years, and (3) its likely single-digit P/E.
rivaldo: Newly tipped on Yahoo - at 435p it's actually trading on a historic P/E of only 10.7, but let's not quibble..... Https:// "I think these are some of the best cheap UK growth shares to buy today James J. McCombie 11 August 2020, 3:46 pm ...I particularly like the look of two. They are Renew Holdings (LSE: RNWH) and HgCapital Trust (LSE: HGT), and I think they are some of the best UK growth shares to buy today. Best UK growth share? Renew Holdings provides engineering support services in the regulated UK rail, infrastructure, energy, and environmental markets. It also has a sideline (about 10% of sales) in high-quality residential and science building. Renew’s revenues tend to be stable as they are underpinned by long-term and regulated budgets. These factors did not stop investors fleeing the stock during the coronavirus market crash; Renew’s share price was down 45% at one point. To shore up the balance sheet in the crisis, the dividend was cut, which also contributed to investors fleeing the stock. The share price has recovered, but even now sits at least 20% below its pre-crash highs. This makes the stock cheap, trading at just 14.66 times trailing 12-month earnings per share. Renew Holdings has grown its earnings per share by an impressive 47.16% over the last 10 years and has averaged a return on investment (ROI) of 25.17% over the last five years. During the worst of the coronavirus lockdown, 80% of Renew’s activities continued because the work was deemed essential. As the economy picks up the remainder should return. There has also been an acquisition of a specialist road-engineering firm. This gets Renew exposure to road infrastructure along with its existing exposure to the UK government’s £640bn infrastructure package. I think Renew is one of the best UK growth shares to buy today. There are plenty of reasons to think it will continue its robust earnings growth after the pandemic passes. That growth is available on the cheap today."
rivaldo: Nice technical summary as to why RNWH is good value: Https:// Extract: "To find high ROE stocks whose fantastic business models are being rewarded by the market, you can create a stock screen that selects only stocks with both positive one-year relative strength and upgraded current year broker forecasts. The former ensures these shares have been outperforming the market and the latter suggests outperformance can continue. One of the stocks that currently qualifies for this simple screen is Renew Holdings. The group has: A trailing twelve month return on equity of 22.9% An average current year EPS forecast upgrade of 1.94% from brokers, and A one-year relative strength of 19.6% Stocks exhibiting these traits are typically a solid mix of quality and momentum. Renew Holdings has a Quality Rank of 56 and a Momentum Rank of 94. Studies indicate that combining factors such as Value, Quality and Momentum is a more effective way of outperforming the market over longer time frames. That's why we have constructed our StockReports to give an instant impression of how well exposed Renew Holdings (LON:RNWH) is to these three factors."
rivaldo: RNWH have just been tipped as a Buy in Forbes magazine.... Https:// "Renew Holdings Renew Holdings is another UK share that looks cheap according to current growth forecasts. It trades on a forward price-to-earnings (P/E) ratio for the current financial year ending September 2020. It’s a reading that fails to recognise its exceptional defensive qualities, however, a particularly-appealing quality in these uncertain times. This other AIM business hasn’t been totally immune to the Covid-19 crisis. However, its role as a supplier of essential engineering services for critical UK infrastructure means that its outlook in the short-term and beyond remains robust. In its main Rail and Highways divisions it remains mostly operational, whilst its Water and Telecommunications operations also remain up and running due to these sectors’ designations as critical areas. Renew Holdings is a share that’s poised to gain from huge spending on domestic infrastructure in the next decade, too. City analysts are expecting earnings here to dip 1% in fiscal 2020, though the outlook for the medium term onwards is much brighter. I’d buy it today, in fact, on the likelihood of a robust trading update on Tuesday, May 19 which could help its share price extend recent gains."
rivaldo: Analysis from Shore Capital this morning: Https:// "Engineering services provider Renew (RNWH) is delivering activities critical to the Covid-19 response and Shore Capital says the fall in the shares presents a good opportunity to ‘buy’ the stock. Analyst Tom Fraine retained his ‘buy’ recommendation and ‘fair value’ price of 570p on the shares, which fell 2p to 374p yesterday. The group continues to operate across the majority of its sectors as 80% of its activities are deemed critical to battling Covid-19. ‘Despite the impact of Covid-19 being unclear, we are encouraged to learn that the majority of the group has continued to be operational in its critical sectors and we highlight Renew’s ability to control costs to a much greater extent than many industrials,’ he said. ‘We consider the 34% share price fall since the start of 2020 to be an excellent opportunity for investors seeking to benefit from increased public sector spending in regulated markets.’"
rivaldo: Today's trading update is about as encouraging as one could expect in the current climate: - 80% of RNWH's activities are deemed critical - H1 to 31st March is nicely in line with forecasts - Carnell integration is going well - the most profitable Engineering Services divisions are those deemed critical - cash generation is strong and the Balance Sheet sound - the management team are sound/responsible and have cut their salaries by 20% and implemented cost reductions/deferrals The share price is down by over 30% from prior levels - given that 80% of activities are critical, hopefully the current situation is more than priced in already.
rivaldo: Cheers igoe104, good to see. I note that further down the article RNWH gets a second very positive mention from another tipster whose tip this was for 2019: "Renew, which is based at Aberford near Leeds, provides engineering services for critical infrastructure networks (think bridges, tunnels and power stations). When I picked the stock last winter, I reckoned that any government dealing with the fallout from Brexit – which was due to go ahead at the end of March – would feel bound to continue investing its dwindling tax returns in the kind of big infrastructure projects that help keep a country afloat. In other words, the kind of projects that firms like Renew thrive on. I also thought that Brexit would cause problems for many companies, especially those that rely on trade with the Continent, effectively ruling them out of my share-pick options. Brexit, of course, didn’t happen as billed, but mine turned out to be a decent strategy nevertheless, as there was indeed disruption for some companies, arising from uncertainty, defensiveness and even stockpiling. Renew, on the other hand, grew both revenue and operating profit in its core engineering services division by 21 per cent, reducing debt and increasing dividend per share. In short, it was the very image of a thriving company, and its share price had risen by over 30 per by December 12, when Britain went to the polls. Boris Johnson’s landslide victory sent the markets soaring and saw share prices, including Renew’s, spike in the euphoria."
rivaldo: RNWH tipped overnight by Finncap in a new article here.... Https:// Extracts: "State-Sponsored UK Infrastructure Boost Likely Whichever Of The Main Parties Wins The General Election" Investors looking to profit from UK infrastructure plays should consider contractors which are relatively undervalued and separated from overall project risk such as Renew and Van Elle" "Whichever of the main political parties wins the General Election, the UK is set for a state-sponsored infrastructure boost as a result of the Labour and Conservative manifesto promises alongside already committed significant railway investment. Given that the business models of tier one contractors, such as Kier, Costain and Balfour Beatty, have already been questioned and their share price has suffered, investors seeking to profit from UK infrastructure plays should consider contractors, which are relatively undervalued and separated from overall project risk, such as Renew Holdings plc and Van Elle Holdings plc. These are the conclusions of a new research report by the leading adviser and broker to ambitious growth companies, finnCap Group plc. The report highlights the three key drivers of significant public infrastructure spending, which look set to continue in the coming years, and should make the sector an attractive investment opportunity.... .....The Conservatives’ manifesto highlights Northern Powerhouse Rail, the Midlands Rail Hub, upgrading flood defences and a £28.8bn investment in roads, as priorities for the additional £100bn.... ....The second driver of the infrastructure boost in the coming years is Network Rail’s “Control Period 6” (CP6) – the ambitious strategic business plan outlining all rail projects, works and improvements to be delivered between 2019 and 2024, which promises a 25% increase in renewal and maintenance spend in rail. Crucially, CP6 also commits Network Rail to make it easier for external providers to compete and carry out work on the railway directly. The growing rail network needs to be maintained and supported, and the forecast expenditure of £53bn will provide significant growth opportunities for suppliers and partners. The third and final driver is that even though a review of HS2 is due to be published after the election, the headline recommendation from a leaked version of the report was for the Government to push on with the project, including the full Y-shaped line from London to Manchester and Leeds and the estimated £88bn (and rising) that it is projected to cost. For investors seeking to capitalise on this favourable infrastructure spending backdrop, the report highlights that whilst the business models, finances and share prices of a number of tier one contractors such as Kier, Costain and Balfour Beatty have come under strain, contractors which appear more relatively undervalued and are separated from overall project risk, which frees them to focus on core specialisms, delivering directly and getting involved with the specific types of projects they fully understand the risks of, present interesting medium term opportunities. Two companies, which share these characteristics, in particular were highlighted by the research: Renew Holdings plc (RNWH) a provider of repair and maintenance services for UK infrastructure and which the report found to be “perfectly positioned to see the benefit of increased renewal and maintenance spend in rail”; and Van Elle Holdings plc (VANL), the specialist piling contractor to UK house-building and road and rail infrastructure segments, which the report concluded could expect benefit from both “higher rail spend and the competition being lured off onto HS2”. Guy Hewett, Research Director (Support Services) at finnCap, commented: “The prospect of an infrastructure boost in the UK post the election, makes the sector one for investors to focus on over the coming year. Given that the larger tier one contractors have recently suffered from a range of operational and reputational issues, related to their involvement in a number of significant projects, we focused on seeking out companies that are separated from overall project risk and are free to focus on core specialisms. Very often they provide discrete services critical to projects so the value-add is high but company valuations have been hit alongside their larger cousins. It is worth investors seeking infrastructure plays taking a closer look at such underappreciated but attractive companies.”
Renew share price data is direct from the London Stock Exchange
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