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
  5.00 1.23% 412.00 16,080 12:55:44
Bid Price Offer Price High Price Low Price Open Price
412.00 418.00 428.00 411.00 427.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 541.47 30.33 13.60 30.3 324
Last Trade Time Trade Type Trade Size Trade Price Currency
12:55:44 AT 58 412.00 GBX

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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 407p.
Renew Holdings Plc has a 4 week average price of 304p and a 12 week average price of 304p.
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 226,488 shares. The market capitalisation of Renew Holdings Plc is £322,861,271.94.
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.’"
rimau1: I’ve just topped up at £3.50 as the mark down makes little sense to me. Even if you take a prudent 20% haircut on sept 2020 eps forecasts of 40p this is still excellent value. Order book of over £500m in mostly non discretionary critical infrastructure works, and negligible debt, the share price is disconnected to the reality here.
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.
pugugly: But no impact yet on share price - However where is he going to get the dosh?
robow: and in yesterday's Telegraph, Questor says hold Late last year we advised readers to keep hold of their shares in Renew, the specialist engineering contractor, partly because of its strong record of dividend increases and partly because we liked its strategy of focusing on regulated areas such as rail and water, where much maintenance spending is non-discretionary. It is now entering another market with similar characteristics: roads. As with rail and water, the Government sets long-term budgets for the highways network and the sum earmarked for the 2020-25 period is 66pc higher than for the preceding five years. There will also be an increased focus on renewals and maintenance. Renew has entered this market by buying Carnell, which it described as “a provider of specialist engineering services to the strategic highway network”. It is paying £38m, which compares with Renew’s market value of £403m, and the company expects the acquisition to boost earnings per share immediately, even though it has issued new shares to meet some of the cost. The purchase seems a sensible extension of Renew’s existing strategy. Questor says: hold Ticker: RNWH Share price at close: 514p
davebowler: Shares mag:Anyone who regularly experiences the joys of public transport in the UK will know the country is in desperate need of infrastructure investment. Recognised as a priority by the Government, this is one area of public spending seemingly set to get a boost, not a cut, in the upcoming Budget.That spells good news potentially for both long-suffering passengers and the likes of Renew (RNWH:AIM), an engineer providing infrastructure maintenance work.What separates Renew from most other engineering firms is that it specialises in non-discretionary maintenance and renewal projects, i.e. work that's essential, not optional.Its clients – which include Network Rail, the Nuclear Decommissioning Authority and big utilities – must spend money on infrastructure to comply with laws and regulations.While this provides a positive backdrop for Renew, it still needs to win this work in the first place as providing infrastructure services is still a competitive market.Fortunately the firm seems to have done a good job of securing work as its latest full year results show 11% growth in revenue 2015 2016 2017 2018 2019250350450550RENEW HOLDINGSto £600.6m, adjusted operating profit up 23% to £38.3m and reported pre-tax profit almost doubling to £27m. There was also a 15% rise in its final dividend to 11.15p per share.The nature of jobs Renew carries out – in rail, water, telecoms and nuclear decommissioning – involves stringent safety checks in heavily regulated markets.Subcontracting work is highly common in the construction industry due to the scale of the jobs firms take on but Renew targets lots of lower scale work, so it uses its own staff for its jobs and doesn't have to outsource, leading to better margins than its peers.Its share price has been on a roll recently, soaring 25% to the current 510p level since its full year results in November, perhaps showing the market better understands the company's risk profile.But the company is still good value, trading on 12.2 times forecast earnings for the current financial year, placing it bang in the middle of its sector when it comes to expectations.It's worth highlighting companies in Renew's industry are cyclical, and while it's proving itself better than peers when delivering on contracts and pricing them correctly, failure in this regard is still an ever-present risk.The company also took on debt significantly in 2018 having bought rival businesses as it looked to expand. But net debt of £10.2m as at 30 September 2019 compared to £21.4m the previous year shows that Renew places a good focus on keeping its balance sheet in check.
rivaldo: There's not many "punters" here :o)) Placings to institutions are a fact of life if you want to complete an acquisition quickly and easily. Rights issues etc take months to complete - and cost a lot more. The share price is essentially unchanged now, and it should begin to rise imho as forecasts are raised to account for the new acquisition.
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."
igoe104: Tipped in the Yorkshire post. But I’m determined to finally break this string of bad form and this year I’m pinning my hopes on engineering-services provider Renew Holdings. The Leeds-based firm is bucking the trend and performing well in the engineering sector. It has enjoyed continued organic growth, along with a growing dividend. The firm’s share price has seen a sharp upward turn in the month of December off the back of a strong set of preliminary results in November. Renew has a proven track record of revenue growth and profitability and cash generation. Group revenue was up 11 per cent to £600.6m from £541m in 2018. Dividend for the full year was up 15 per cent to 11.15p, while adjusted operating profit was up 23 per cent to £38.3m. Analysts at Shore Capital said: “We think its current rating fundamentally undervalues the business, possibly due to its association with contractors that have a much higher-risk profile, in our view due to the relative size and low-volume of their contracts compared to Renew’s.” The firm also benefits from visibility of revenues for long-term frameworks, a high operating profit margin, strong cash generation and has an established market position with UK infrastructure investment expected to grow. All these factors are enough to inspire confidence heading into the New Year. And that’s why I’m backing Renew to help me to return to form. Renew Holdings closed 2019 at 546p.
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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