Share Name Share Symbol Market Type Share ISIN Share Description
Renew Holdings LSE:RNWH London Ordinary Share GB0005359004 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 406.00p 398.00p 405.00p 405.00p 396.00p 405.00p 27,469 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 560.8 16.3 19.9 20.4 305.59

Renew Holdings Share Discussion Threads

Showing 8926 to 8949 of 8950 messages
Chat Pages: 358  357  356  355  354  353  352  351  350  349  348  347  Older
DateSubjectAuthorDiscuss
24/5/2018
12:24
I notice that Glasshalfull has just bought into RNWH - welcome GHF (see his two posts on Twitter here): Https://twitter.com/Glasshalfull1?lang=en
rivaldo
22/5/2018
22:59
The IC says Buy today, and concludes as follows: "IC View The plethora of challenges means shares in Renew have traded sideways for several months, despite recent earnings upgrades. We don't think a forward price to earnings value of 11 times fully accounts for the potential of the QTS acquisition and the recovery in the wider group. Buy."
rivaldo
22/5/2018
15:12
It was all clearly shown in the RNS on 9th May - click above on the news section
harrogate
22/5/2018
12:01
Has anyone any idea as to the revenue and profits of QTS
millerman1007
22/5/2018
09:35
Numis retain their Buy and 500p target - their annualised P/E is only 9.9: "RENEW (BUY 500P) Interims results in line and positive outlook, key points: 1. Interim PBT of £12.5m was in line with NSe and we look to maintain full year results for this and next year (9/18E PBT £29.1m, EPS 35.1p, 9/19E PBT £37.1m, EPS 39.7p), though would point out that we recently increased estimates by +2% and +9% respectively to take account of the QTS acquisition. DPS was increased 11% to 3.33p. 2. H1 net debt of £2.5m was in line with NSe and also in keeping with comments initially made by management at the AGM about the impact of 'slower than usual payment profile' which we argued at the time related to Renew's rail business. Management indicates that recovery of this is progressing as expected, and we continue to expect that total quantum of the WIP increase to be recovered will be c.£7m and we also retain our FY net debt figure (which was adjusted at the time of the QTS acquisition to account for the portion of debt funding for the deal). 3. Engineering Services profit was marginally ahead of last year when treating Forefront as a discontinued activity (disposed in February), and revenue reflected both some H1 adverse weather impact and also a flat profile as the Rail CP5 programme comes to a close. EBIT margin rose from 5.6% to 5.8% over this period, however, and with orderbook +9% (showing progress across all three parts of the division) plus the expected shift upwards in rail spend from 2019 onwards, we expect resumption in top-line growth in H2 and beyond. 4. Specialist Building continues to operate a highly selective approach so while we expect some normalisation of revenue back toward NSe £72m for the full year (and H1 revenue was some 24% below last year), we expect the full year EBIT contribution to be flat. 5. Conclusion. Interims as expected, though it is comforting that rail-related working capital flows are being recovered in line with expectations and that management confidence about the outlook in rail remains positive. Elsewhere, in both Engineering Services and Specialist Building, trading is in line with expectations. Post the QTS acquisition, the shares offer an attractive mix both in terms of rail exposure (ahead of the major shift up in opex spend from 2019 onwards), and scope to organically grow in other areas of non-discretionary infrastructure opex. Moreover, the 13% EPS growth we forecast for next year looks attractive given the 12/18E annualised P/E of 9.9x, and we believe Renew merits a forward P/E nearer 12x given track record and outlook. We retain our target price and BUY recommendation."
rivaldo
22/5/2018
08:48
Very good solid performance. 10% increase in divi shows confidence going forward. With QTS kicking in shall be very good final year results.
hvs
22/5/2018
08:33
I think at first glance these might look a little disappointing but I think they set the scene for what we are going to see for the next 2 years+ They will hit this years 35p as they have full revenue visibility and with QTS they are saying 40p for 2019. In the detail they say they have won further Network Rail asset maintenance work ( in the SE ) and I think this is reflected in the increase in the engineering order book up 9% - It is great to margins increasing in engineering as well. With CP6 in Rail coming down the track(!)in 2019 with 25% increase in budget for the type of work Renew do and Rail now the major part of the Company I can see growth picking up again beyond 2019. This is of course subject to them winning at least as much work in CP6 as they have in CP5 as a %. I think at 10 x 2019 which is only 4 months away they are now cheap. Positive newsflow on Rail where CP6 must be in discussion now can only help in the short/medium term.
harrogate
22/5/2018
07:32
Accounts out - First glance look on line - Cannot see any red flags at the moment https://www.investegate.co.uk/renew-holdings-plc--rnwh-/rns/interim-results/201805220700047907O/
pugugly
22/5/2018
07:30
Interim results are out. The historic numbers are flat. However, the order books have grown nicely, and in H1 Engineering Services was up in terms of profitability despite slightly lower revenues. The Specialist Building division has had a harder time, which has dragged the overall figures down. With Engineering's order books up 9%, the exit from Forefront and the earnings-enhancing QTS acquisition, the reasons for optimism for H2 are clear. With expected revenues for the year to September already fully secured, achieving forecasts of 34p-35p EPS shouldn't be a problem, and there may even be a beating of expectations if all goes well.
rivaldo
17/5/2018
09:54
RNS - Polar Capital have bought 3.84m shares and now own more than 5% of RNWH: Https://www.investegate.co.uk/renew-holdings-plc--rnwh-/rns/holding-s--in-company/201805161540103265O/
rivaldo
14/5/2018
09:04
Good news from Amco - should stand them in good stead for new frameworks etc: Http://www.amco.co.uk/media/news/248/Rail-Partnership-Awards-recognition! "Rail Partnership Awards Recognition! 09th May 2018 Bringing together the supply chain to ‘celebrate the very best of 2017’s achievements in the rail industry’, AmcoGiffen are thrilled to have been shortlisted for 3 of this year’s Rail Partnership Awards! As finalists in the ‘Best Project (small) of 2017’ and the ‘Putting Passengers First’ categories for our works on the Liverpool Central Tunnel High Level Neck programme, we delivered an innovative and impressive solution that involved providing a new concrete lining to a 165m section of Liverpool’s Central Tunnel, while ensuring that trains and passengers were able to pass below, entirely unaffected! Gaining further recognition for our works on the Grade II listed structure - River Witham Bridge - we have also been shortlisted for the ‘Preserving the History of the Railway’ category. Replacing the life expired, under-strength bridge with a new, modernised structure, while innovatively cladding it with heritage-rich box girders, we successfully delivered a safer, more modern structure, while maintaining the history of the Lincolnshire railway. etc"
rivaldo
13/5/2018
07:31
Numis' exact new forecasts are as follows: to 30/9/18 : 35.1p EPS, 9.5p dividend to 30/9/19 : 39.7p EPS, 10p dividend So in just a few months' time, RNWH will be on a P/E of only 10. Too low imho. It's easy to see Numis' 500p target being achieved in good time, as 500p would be a P/E of only 12.6. If this acquisition is as good as it seems to be, it could just be transformational and get the share price quite a lot higher than 500p.
rivaldo
11/5/2018
23:09
Yes thanks from me too for that info rivaldo.
penpont
11/5/2018
11:29
Not sure you have missed out - it is still sub £4 - so 10 x 2019 EPS -
harrogate
11/5/2018
10:48
You been on your telex again? :-) Well done anyone who snaffled some cheaply this week ( On the open market!) , the opportunity seems to have closed. I was too cautious partly as RNWH is quite a large holding for me already. Eggs and baskets...
wad collector
11/5/2018
10:12
Thanks for that Riv
glaws2
11/5/2018
09:54
Thanks for sharing info Riv
robow
11/5/2018
09:44
Thanks Riv - do you have an email address I could contact you on -
harrogate
11/5/2018
09:38
Having done a little investigating, the explanation for the placing price etc is most interesting, and certainly not what I thought :o)) There was a LOT of competition for the QTS acquisition. RNWH had to act very quickly to compete with the all-cash offers being made by others. In normal circumstances this would not have been an issue. However, apparently RNWH are now 40% owned by IHT funds (which surprised me). IHT funds are not allowed by HMRC to hold large cash balances. So, although they wanted to participate, these funds were unable on very short notice to stump up large amounts and could only participate to the extent of available funds. This left a hole in the fundraising. Obviously retail investors could not fill this hole via a rights issue etc due to the necessity for speed. Thus non-IHT institutional investors could demand a larger discount for quick and easy funding. Which they did. The discount was unwelcome and nasty. But overall the level of dilution to RNWH is pretty immaterial given the difference between the actual discount of around 14% and a discount of say 5%-7% which might have been achieved in less pressured circumstances. Hopefully looking back in a year we'll find the share price at 500p or whatever and the acquisition will have begun to pay off on its obvious potential.
rivaldo
10/5/2018
16:37
It is not the directors interests that they have put first - they bought a few shares at a 50p discount - given the salaries they are on they didn't structure this to save themselves a few thousand. They must have done it quickly at that discount because they had to in order to get the funding and the deal done. It is the "club" as you say. This is a different management team than the one we invested in and I am not sure this would have happened this way under the old team but remember they did waste over £25m+ buying Forefront ( but did the deal of the decade buying Amco when they did). If you have doubts about the new team and their view of shareholders then sell. I am watching with great interest now for sure
harrogate
10/5/2018
16:36
Whilst I do not like the approach, and especially the discounted placing, I'm not sure I buy into the the "directors lining their own pockets conspiracy"; the amounts that they have subscribed to are relatively small.
glaws2
10/5/2018
16:26
harrogate, I share your positivity to a large extent and am also a substantial holder (for me) having started with 5k@35p in 2009. But there is no room for doubt that management have put their own interests above those of ordinary shareholders, which raises the question of what they might get up to in the future. I would have bitten their hand of to accept rights at such a ridiculous discount; as it was, the benefit was ‘stolen’ (legally apparently) from me and all other holders not in the club. Wonder what ShareSoc will have to say about it. Hope like me you are all members btw.
dozey3
10/5/2018
16:18
No they are not at all - they are in the business of looking after the interests of the owners of the business. If this deal works and they make 40p in 2019 and we are valued at 13 x that at £5.20 I believe they will have succeeded in that.
harrogate
10/5/2018
16:14
I suppose, ultimately, that Directors are in the business to make themselves money.
wad collector
Chat Pages: 358  357  356  355  354  353  352  351  350  349  348  347  Older
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P:32 V: D:20180528 05:29:57