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RNWH Renew Holdings Plc

1,078.00
14.00 (1.32%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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
  14.00 1.32% 1,078.00 57,596 16:35:18
Bid Price Offer Price High Price Low Price Open Price
1,078.00 1,084.00 1,114.00 1,070.00 1,114.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contractor-oth Residentl 921.55M 43.38M 0.5482 19.74 842.03M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:18 UT 15,246 1,078.00 GBX

Renew (RNWH) Latest News

Renew (RNWH) Discussions and Chat

Renew (RNWH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:181,078.0015,246164,351.88UT
2024-07-26 15:27:561,081.789009,736.02O
2024-07-26 15:25:581,079.9958626.39O
2024-07-26 15:22:161,082.00554.10AT
2024-07-26 15:21:511,078.0028301.84AT

Renew (RNWH) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Renew Daily Update
Renew Holdings Plc is listed in the Gen Contractor-oth Residentl sector of the London Stock Exchange with ticker RNWH. The last closing price for Renew was 1,064p.
Renew currently has 79,138,195 shares in issue. The market capitalisation of Renew is £856,275,270.
Renew has a price to earnings ratio (PE ratio) of 19.74.
This morning RNWH shares opened at 1,114p
Posted at 16/7/2024 07:41 by rivaldo
Good news from all perspectives to see OFWAT opening enforcement cases this morning against four more water companies - they now have cases against all 11 wastewater operating companies.

Particularly good news for RNWH of course:

H

"Ofwat is committed to concluding these cases as quickly as possible, so that the sector can focus on delivering the £88bn expenditure PR24 will unlock to deliver cleaner rivers and seas. As part of this package of investment £10bn is ear marked to tackle storm overflows with a target to reduce spills from storm overflows by 44%.

Severn Trent has recently announced an ambitious programme to significantly reduce use of storm overflow which Ofwat welcomes."
Posted at 20/6/2024 13:38 by igoe104
I think the next 5 or so years will be very rewarding for RNWH. Water, road infrastructure, Rail maintenance, nuclear, and national grid upgrades are going to see massive spendture. I certainly won't be selling even though its been a multi bagger for me already. Lots more to come, I reckon. I love the recent acquisition, the NG will be spending billions upgrading their infrastructure. Very clever move by RNWH, to enter that market place..
Posted at 12/6/2024 07:30 by rivaldo
Peel Hunt have raised their target price by a full 100p to 1250p and say Buy:



"‘Buy’ Renew, says Peel Hunt

Engineering group Renew (RNWH) has made a new acquisition that will springboard it into an area of ‘strategic priority’, says Peel Hunt.

Analyst Andrew Nussey reiterated his ‘buy’ recommendation and increased the target price from £11.50 to £12.50 on the Citywire Elite Companies A-rated stock, which gained 0.6% to £10.80 on Tuesday.

It has acquired the UK electricity network sector specialist Excalon for up to £26m in cash, which Nussey said was a ‘highly attractive’ deal given ‘the valuable strategic positions, existing frameworks, and skilled workforce’.

He increased his full-year 2025 profit before tax from £71m to £73.3m and noted ‘the potential for outperformance via an earn-out mechanism’.

‘Renew has consistently identified the UK electricity sector as a key strategic priority,’ said Nussey. ‘Excalon looks an excellent springboard into a substantial and complementary market.’

However, he said the £22m of cash in the business means there are also ‘exciting inorganic as well as organic growth opportunities’.

‘We increase our target price… to reflect the accretion, as well as the favourable earnings mix shift,’ Nussey said."
Posted at 05/6/2024 22:51 by wad collector
The share price rise has rather diminished the effect of the Xd effect! 6.33p isn't going to make much of a dent in tomorrow's price. Not that I am refusing it of course...
Posted at 15/5/2024 08:54 by rivaldo
More re Berenberg's increased 1200p target price:



"‘Buy’ high quality engineer Renew, says Berenberg

Renew (RNWH), the AIM-listed engineering services group, can continue the momentum it has built in the past six months given its ‘high-quality proposition’, says Berenberg.

Analyst James Bayliss maintained a ‘buy’ recommendation but lifted his target price from £10 to £12 as the shares gained 2.4%, or 24p, to £10.26, valuing the company at £812m.

The six months to 31 March ‘reflected another record performance’, with group revenue up 17.2% at £552.8m and operating profit also 17% higher at £33.1m, ‘both driven by strong demand and performance across all end-markets and the group’s high-quality, low-risk business model’.

Bayliss said net cash of £42.5m leaves the group ‘well placed for further organic and inorganic investment, while strong momentum in the first half has carried through to the start of the second half’.

Management is continuing to tender for and win new contracts and so Bayliss ‘sees no reason that this momentum cannot continue’ and he upgraded his earnings forecasts by 4% for full-year 2024.

‘We move our price target to £12 to reflect Renew’s continued momentum and its high-quality proposition,’ he said."
Posted at 07/5/2024 10:09 by rivaldo
New highs again.

Peel Hunt have raised their price target to 1050p, but with material upside potential in a 19 page note.

Their upside model incorporating (1) higher organic growth than their conservative forecasts and (2) acquisitions from the cash pile, would deliver 91p EPS to Sept'26. This would certainly support a share price of 1500p and possibly 1700p-1800p imo.

They summarise:

"Momentum and visibility drives TP increase

• Time to revisit – Ahead of the 1H24 results (14 May), we revisit the powerful investment case and update our M&A/blue sky scenarios.
• Upside risk – We retain estimates across the horizon, but see upside risk building, given profitable market share opportunity across key markets.
• Increased target price – Visibility into new regulatory periods, positive drivers and the M&A opportunity lead us to raise our TP from 950p to 1,050p.

We believe that Renew’s strategic focus on developing its leading positions across infrastructure-led markets, through its operationally-led competitive advantages, leaves it well-positioned to sustain attractive, cash compounding growth. The shares remain undervalued, in our view, given the quality of earnings and both the organic and acquisitive opportunities. We retain our Buy rating."

"Investment case.

Growth is underpinned by consistent cash generation, leading to compounding free cash flows. We look for FY24E net cash of £47m, providing management with attractive capital allocation options. We expect the M&A pipeline to be reasonably active with management remaining disciplined (we note the two small transactions already announced this financial year). We believe that under this leading management team, Renew remains well positioned to continue to deliver attractive, long-term shareholder returns. A better appreciation of these opportunities has supported a deserved rerating, but the September 2025E PE of 14.2x and FCF yield of 7% still fails to reflect both the organic and inorganic opportunities and the synergies that both drivers can bring to Renew, in our view. Our target price implies 15.9x FY25E EPS."
Posted at 03/4/2024 07:42 by rivaldo
The respected columnist Richard Beddard has just carried out a thorough analysis of RNWH to conclude whether to buy shares for his ongoing Decision Engine portfolio.

He scores RNWH with 7 out of 10, which indicates it's good value, and will be returning to potentially buy RNWH if one of the existing portfolio members is sold or excluded for some reason:
Posted at 03/10/2023 08:14 by rivaldo
Agreed rimau. I've already addressed Harrogate about this before, so will repeat my prior post as they render his point about EPS forecasts completely redundant.

Forget the conservative broker forecasts going forward - they've always been irrelevant in the past and they will likely continue to be so.

For newbies, I repeat....In Jan'17 the forecast to Sept'19 was 35.8p EPS. RNWH achieved 40.5p EPS.

In Jan'18 the forecast to Sept'20 was 37.9p EPS. RNWH achieved 40.9p EPS - even with six months of Covid! Prior to that RNWH beat forecasts from earlier years in each of 2016, 2017 and 2018.

Since then EPS has grown from 40.5p EPS to Sept'19 to 59.3p EPS to Sept'22 - almost 50% in 3 years, always beating broker forecasts. And that's with Covid.

- so it's best to ignore forward broker forecasts, which are evidently and traditionally conservative not only in terms of organic growth but also because they (rightly) exclude potential earnings-enhancing acquisitions
- the perception of RNWH is shifting to a more exciting proposition with high visibility of future income, yet also involvement in multiple long term growth sectors and much less contract risk than other sector comparators
- institutions love companies which consistently outperform and have high security of income. Thus over time RNWH should benefit from a double whammy of outperforming or at least meeting conservative forecasts and a re-rating from the current multiple to one more befitting of RNWH's record, i.e imo around 15-16.

And to update regarding this year to Sept'23, we now know that RNWH have yet again beaten forecasts.

In Oct'22 Numis were forecasting 55.4p EPS for the year to Sept'23. It's now likely that RNWH will have achieved between 63p-65p EPS. Another significant outperformance.

The various analysts covering RNWH have converged around a price target of 900p-950p. I see no reason why the share price shouldn't move towards this from here, with further upside from acquisitions and/or trading statements.
Posted at 13/6/2023 10:45 by rivaldo
Once again, forget the conservative broker forecasts going forward - they've always been irrelevant in the past and they will likely continue to be so.

For newbies, I repeat....In Jan'17 the forecast to Sept'19 was 35.8p EPS. RNWH achieved 40.5p EPS.

In Jan'18 the forecast to Sept'20 was 37.9p EPS. RNWH achieved 40.9p EPS - even with six months of Covid! Prior to that RNWH beat forecasts from earlier years in each of 2016, 2017 and 2018.

Since then EPS has grown from 40.5p EPS to Sept'19 to 59.3p EPS last year - almost 50% in 3 years, always beating broker forecasts. And that's with Covid.

- so it's best to ignore forward broker forecasts, which are evidently and traditionally conservative not only in terms of organic growth but also because they (rightly) exclude potential earnings-enhancing acquisitions
- the perception of RNWH is shifting to a more exciting proposition with high visibility of future income, yet also involvement in multiple long term growth sectors and much less contract risk than other sector comparators
- institutions love companies which consistently outperform and have high security of income. Thus over time RNWH should benefit from a double whammy of outperforming or at least meeting conservative forecasts and a re-rating from the current multiple to one more befitting of RNWH's record, i.e imo around 15-16.

The various analysts covering RNWH have converged around a price target of 900p-950p. I see no reason why the share price shouldn't move towards this from here, with further upside from acquisitions and/or trading statements.
Posted at 05/4/2023 15:57 by lammylover
RNWH share price being deliberately held below 700p to shake out loose shares. Up at 5% earlier, before ATs really kicked in, to drive price down yet again..

I'm expecting 700p to be breached soon..
Renew share price data is direct from the London Stock Exchange

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