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RNWH Renew Holdings Plc

924.00
6.00 (0.65%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Renew Holdings Plc RNWH London Ordinary Share
  Price Change Price Change % Share Price Last Trade
6.00 0.65% 924.00 16:35:21
Open Price Low Price High Price Close Price Previous Close
925.00 915.00 934.00 924.00 918.00
more quote information »
Industry Sector
CONSTRUCTION & MATERIALS

Renew RNWH Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
28/11/2023FinalGBP0.1208/02/202409/02/202408/03/2024
16/05/2023InterimGBP0.0608/06/202309/06/202312/07/2023
29/11/2022FinalGBP0.113309/02/202310/02/202303/03/2023
17/05/2022InterimGBP0.056709/06/202210/06/202213/07/2022
09/12/2021FinalGBP0.111727/01/202228/01/202204/03/2022
18/05/2021InterimGBP0.048317/06/202118/06/202115/07/2021
08/12/2020FinalGBP0.083328/01/202129/01/202105/03/2021
26/11/2019FinalGBP0.076730/01/202031/01/202006/03/2020
21/05/2019InterimGBP0.038306/06/201907/06/201912/07/2019

Top Dividend Posts

Top Posts
Posted at 18/3/2024 11:41 by rivaldo
Nice comment from Shore Capital's analyst when reviewing Hill & Smith (HILS):



"However, he said the ‘stock may underperform if the market switches to a risk-on environment at some point, as we see more upside elsewhere’, particularly in engineering services group Renew (RNWH) ‘which is cheaper despite generating higher returns on invested capital, higher historic earnings growth, and having a lower risk profile’"
Posted at 05/3/2024 08:49 by rivaldo
Siemens are a client of RNWH's, and the UK's transition to digital signalling has long been flagged up as a big opportunity by RNWH in presentations - it was a prime reason for buying Giffen.

For example, even back in 2019 RNWH noted that the Government had awarded £450m to digital signalling in the National Productivity Investment Fund.

So it's encouraging to read in today's news that Siemens are now building a new £100m signalling factory in Chippenham:
Posted at 07/2/2024 09:31 by rivaldo
Fundamental Asset Management hold RNWH in their portfolio, and their fund manager is very positive about RNWH in this new podcast - listen from around 15 minutes in:



Also, it's relevant to see a rail recruitment industry specialist who works with RNWH's AMCO having a record results year and being similarly bullish:



"Coleman James partners with SMEs and PLCs in the rail industry, including AmcoGiffen (part of Renew Holdings PLC), VolkerRail, Motion Rail and RES Group.

"Much of our growth is aligned to recruiting personnel to fulfil CP6 infrastructure projects, particularly for Tier 1 and Tier 2 contractors," explained Andrew Mackay, Managing Director at Coleman James.

"We’ve built successful, long-term partnerships with SMEs, owner-led businesses and Plcs, particularly across telecoms, civils and signalling. For our next phase of growth, we’ll be targeting infrastructure companies on the CP7 framework as well as major projects across the rail industry, who share our commitment to deliver quality and value, through sustainable recruitment strategies."
Posted at 29/12/2023 09:58 by wfcreserves
As we approach the hopefully profitable New Year thanks go again to Rivaldo for all his news gatherings to keep us informed. We may disagree about the relevance of the dividend yield but we both have a interest in an upward trajectory of the share price
Posted at 18/12/2023 12:55 by wfcreserves
I'm sure we are all grateful for the rise in the share price

But as that Roland Head write up ended,

"I'm not likely to buy Renew Holdings while the dividend yield is so low. But I remain impressed by this business and believe it probably does have some degree of competitive advantage in its specialist niches – notably nuclear energy."

As the share price rises the dividend yield gets lower and will put off those who need income from their investment presumably those like Roland Head.

So my question would be how far can it go on the low dividend yield?
Posted at 14/12/2023 12:39 by wfcreserves
The view from the above roland head article.

"Renew's dividend yield is low due to the company's prudent dividend cover of three times earnings. But my preferred measure of EBIT/EV gives an earnings yield of 9%, which I think could be decent value.

A free cash flow yield of over 6% also looks reasonable to me.

I'm not likely to buy Renew Holdings while the dividend yield is so low. But I remain impressed by this business and believe it probably does have some degree of competitive advantage in its specialist niches – notably nuclear energy."
Posted at 29/11/2023 12:48 by rimau1
Harrogate - my post 10080 is still almost entirely a relevant response!Harrogate - as i mentioned yesterday i appreciate your contrarian views as it sense checks my own (and i read your blog sometimes) but you are just repeating yourself here. We have a very subjective stalemate where the bulls expect Renew to beat broker expectations and we value RNWH's defensive inflation protected earnings higher than you do and attach a premium to them. Healthy debate of course! Long term holders also have a decent t dividend yield no? Lack of PI engagement is also a bit fluffy is it really a reason not to buy? Pure guesswork here so forgive me but did they ignore your request for a mgt call perhaps and you are a bit miffed?
Posted at 03/10/2023 07:14 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 12/9/2023 10:10 by lammylover
Totally different business - not a housebuilder affected by base rate and confidence. RNWH is a maintenance contract business. Big contracts on nuclear power stations, roads etc. Barriers to entry for this sort of work very high in terms of compliance. Non discretionary spend, high visibility on contracts etc. I'd expect RNWH dividends to continue to grow and also business to also grow through acquisition.
Posted at 13/6/2023 09:45 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.

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