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
  4.00 0.74% 544.00 140,108 16:35:12
Bid Price Offer Price High Price Low Price Open Price
542.00 548.00 558.00 532.00 542.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 620.37 32.10 26.78 20.3 427
Last Trade Time Trade Type Trade Size Trade Price Currency
16:45:14 O 9,711 545.00 GBX

Renew (RNWH) Latest News

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Renew (RNWH) Discussions and Chat

Renew (RNWH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-20 16:45:27545.009,71152,924.95O
2021-01-20 16:45:14545.0535,167191,679.14O
2021-01-20 16:35:12544.003021,642.88UT
2021-01-20 16:27:17546.001,90910,423.14O
2021-01-20 16:25:48542.0015.42AT
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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 540p.
Renew Holdings Plc has a 4 week average price of 500p and a 12 week average price of 430p.
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 81,725 shares. The market capitalisation of Renew Holdings Plc is £427,339,493.76.
rivaldo: Today's RNS confirms the AGM will be 27th January - only 3 weeks until the next trading statement then: Https:// I note that questions can be sent to, but not sure how these will be addressed. Will there be a transcript released with the answers? An Investor Meet presentation would have been preferable, but RNWH don't appear to have wholeheartedly embraced PI/shareholder involvement yet. Anyway, I look forward to the statement being nicely bullish given that trading had "started well" for this year per the prelims.
rivaldo: Shore Capital have increased their valuation of RNWH to 700p (from 600p) in a new Buy note, and they conclude: "Mispriced: At 12x our conservative EPS forecast,Renew remains considerably undervalued, in our view, possibly due to its associations with peers that service larger, fixed contracts. Consistent with previous years, c.70% of our current year forecast is already in the order book, which comprises of a very high volume of small, low-risk, cost-plus contracts. We believe Renew’s ESG credentials (including being one of the 86 issuers that the London Stock Exchange recognises on its Green Economy Mark list) will support a share price rerating."
rivaldo: Shore Capital say Buy, with a 600p target which is likely to be increased soon: Https:// "‘Buy’ Renew to play UK infrastructure, says Shore Capital Renew (RNWH) offers a way for investors to benefit from the UK government’s pledge to invest in infrastructure, says Shore Capital. Analyst Tom Fraine retained his ‘buy’ recommendation and ‘fair value’ price of 600p on shares in the engineering company, which were trading at 542p on Thursday. Fraine is expecting to increase his 2022 free cashflow forecast by 25% to £26.1m, which implies a 6.5% yield and ‘slightly upgrade’ to his target price. ‘We believe, despite the recent share price appreciation, Renew represents a good opportunity for investors to benefit from the UK government’s commitment to invest £640bn in infrastructure over the next five years,’ he said. ‘We believe the market overestimates the group’s risk profile, possibly due to its associations with peers that service much larger, fixed contracts than Renew’s.’"
harrogate: I think the market has underestimated the impact of the pension announcement last week. On a cash flow basis at 12 x it surely is worth about 75p on the share price. I couldn't see any broker notes on it but maybe the notes after the prelims next week will include the impact. It should lead to either a jump in the dividend and / or the ability to fund larger acquisitions without dilutive share issues.
wad collector: Wow , who would have suspected the news of one vaccine preliminary results would be so dramatic on the markets? Untested in the vulnerable groups, no information on mortality reduction, major logistic problems with distribution of a thermally unstable RNA compound are just some of the problems , but hope is driving the markets up. If you are not in the at-risk groups don't hold your breath , you won't be getting a covid immunisation pair of appointments soon! But at least it is taking the RNWH share price back up to where we mostly agree it ought to be.
rivaldo: Good to see a new article on Stockopedia assessing RNWH as a "high quality" stock with a good Piotroski score and a "cheap" valuation: Https:// "The Renew Holdings share price has moved by 8.45% over the past three months and it’s currently trading at 482.56. But what's interesting about this share is its potential exposure to the influential profit drivers of high quality and a relatively cheap valuation.... ....One of the quality metrics for Renew Holdings is that it passes 6 of the 9 financial tests in the Piotroski F-Score. The F-Score is a world-class accounting-based checklist for finding stocks with an improving financial health trend. A good F-Score suggests that the company has strong signs of quality..... .... As a percentage, the higher the Earnings Yield, the better value the share. A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Renew Holdings is currently 7.01%. In summary, good quality and relatively cheap valuations are pointers to those stocks that are some of the most appealing to contrarian value investors. It's among these shares that genuine mis-pricing can be found. Once the market recognises that these quality firms are on sale, those prices often rebound."
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 "
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."
wad collector: One fly in the ointment is the possible AIM IHT relief rules. RNWH share price benefits from this status . Hard to know how much the share price would fall if the long delayed review decides to remove the relief but it does cast a bit of a shadow. Mine are all ISAed anyway so not my reason for holding but it is a factor in the share price The Office for Tax Simplification ( I never knew it existed - sounds like Harry Potter invention)issued the second report in July without making many ripples. I guess the press have had other political news. Curiously, although it has some definite suggestions (Like changing IHT gift exemption to 5 yrs not 7 and abolishing taper relief) it does not come out with a statement on AIM IHT relief , instead it comes out with a question. "However, in particular in relation to third party investors in AIM traded shares, BPR is not necessary to prevent the business from being broken up or sold in order to fund the payment of Inheritance Tax. This raises a question about whether it is within the policy intent of BPR to extend the relief to such shares, in particular where they are no longer held by the family or individuals originally owning the business." The lawyers view seems to be that it will take a yr or two for the proposed changes to be enacted. Presumably a Labour Government would view the specific AIM IHT exemption question as one with an obvious answer. Not clear what other parties would do.
Renew share price data is direct from the London Stock Exchange
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