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
  +5.00p +1.30% 390.00p 381.00p 399.00p 394.00p 380.00p 386.00p 64,771 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 560.8 16.3 19.9 19.6 293.54

Renew Holdings Share Discussion Threads

Showing 8976 to 9000 of 9000 messages
Chat Pages: 360  359  358  357  356  355  354  353  352  351  350  349  Older
DateSubjectAuthorDiscuss
08/10/2018
12:34
Go to sleep Dozey and Dream. Nice find rivaldo thank you.
hvs
08/10/2018
12:29
Suppose this might be a nice little earner; would prefer big ones ;-) Surprised Clarke’s CTO haven’t grabbed this market with both hands, but then they are one of my serial underperformers.
dozey3
08/10/2018
11:14
This is quite exciting news from leftfield - lots of business to chase, and a hint of further news flow to come in the final sentence: Https://www.amcogiffen.co.uk/news/fully-approved-ev-charging-point-installer "Fully Approved EV charging point installer! 02/10/2018 AmcoGiffen are delighted to announce that we have gained Office of Low Emission Vehicles (OLEV) accreditation to become a fully-approved Electric Vehicle Charging Point (EVCP) installer! Enabling us to deliver anything from single charging points to entire car-parks, we’re excited to move into new realms of facilitating environmentally friendly transport solutions. Watch this space…"
rivaldo
02/10/2018
14:58
LABOUR are a SHOWER no way they will EVER BE IN POWER
hvs
02/10/2018
14:24
I have no doubt that now we know the QTS deal has bedded in, that the share price is down here until 1) we know that they have won their share of Rail CP6 and 2) that the chance of an imminent labour government recedes and/or their view of how they will run rail becomes clear. In terms of growth this story is now all about Rail
harrogate
02/10/2018
14:05
Well , we are all agreed ( I think ) that this is a solid company, worth more than £4 and the update confirms this. Only problem is that the share price does not seem to be in agreement...stuck in that stubborn narrow trading range.
wad collector
01/10/2018
08:22
I like the update . Just the tonic to revive the share price The Board expects the Group to report results for the year to 30 September 2018 in line with market expectations, delivering good growth in operating profit and further improvement in operating margin. Engineering Services is expected to be ahead of budget. In particular, we are pleased to confirm that the integration of QTS, acquired in May 2018, has gone extremely well and the trading performance of this subsidiary is in line with our expectations. We expect to report further growth in our Engineering Services order book, underpinned by our extensive portfolio of long-term frameworks contracts.
hvs
01/10/2018
07:34
The key to this is the news that QTS has gone well. I think there are a number of things holding the price back and one of them has been the worry about the size and risk on the QTS deal after the last deal went very badly. With that out of the way I now think we need to see CP6 awards on rail and the debt coming down as they forecast at the time of the QTS deal. The one thing that might not go away is the uncertainty that a potential labour government creates in the rail sector. 10 x must be too low for this level of revenue visibility. On specialist building I suspect that the new management are not as wedded to this as the old management but it has been derisked and makes money - I do think if it could be sold for a decent price it would be now though
harrogate
01/10/2018
07:22
One wonders if hanging onto Specialist Building makes good sense longer term. Whilst expected to be profitable, I wonder if it might not be / become a distraction.
zimbtrader
01/10/2018
07:09
Encouraging year end trading update today, nicely in line with expectations. The share price should now start to move up towards analyst targets of 580p, with 39.4p EPS forecast for this year and a current year P/E barely above 10: Https://www.investegate.co.uk/renew-holdings-plc--rnwh-/rns/year-end-trading-update/201810010700033738C/ In particular: - Engineering Services gets stronger and stronger - margins are up - order books are up - debt is in line with expectations Most importantly, the large QTS acquisition appears to have been a very good one and has gone "extremely well".
rivaldo
26/9/2018
09:41
Good to see Seymour winning part of a £4.5m contract for castle restoration - there must be a niche nationwide for castle restoration and improvement :o)) Https://bdaily.co.uk/articles/2018/09/25/construction-firms-45m-project-set-to-transform-600-year-old-sunderland-castle-ruins "Brought in as the civil engineering contractor for the project, Seymour Civil Engineering has completed the groundworks for the restoration, laying the surface trenches in the grounds of the castle for the electricity, water and the ground source heat pumps for the castle’s geothermal energy, as well as the car park and footpaths. Inside the castle, Seymour has facilitated the installation of ground beams and will cast the concrete floors for all three levels, as well as the roof and a mezzanine floor."
rivaldo
26/9/2018
08:32
Does that mean we donot travel by rail ???
hvs
25/9/2018
18:52
Aye, me too. Grim year with just 1 of 3 portfolios up (and by not a lot). Fortunately, percent loses are livable. I fear we are in for a few rocky years, politically, economically and socially.
zimbtrader
25/9/2018
15:11
If Labour get in, the country will end up like Greece and Venezuela, totally bankrupted. the figures don't add up for malfestio pledges. Free uni fees, more benefits and tax credits, more billions in the NHS. ETC etc where the cash coming from, folks taxs will have to increase 5%- 10% at least across the board. First time in a very long-time I'm having a losing year on the markets, surely the next 6 or so months things will improve.
igoe104
25/9/2018
14:56
Comrade Corbyn will never never make it to No 10. The guy is incontintent.
hvs
25/9/2018
14:44
Scary to think that Comrade Corbyn could be our next PM and set off down a Marxist path... Sadly, there is a threat that could happen given the current situation. It won't just be Renew that could take a hit although it's slightly more defensive properties may provide some comfort. Not sure about others (comments always welcome) but I am starting to reduce my holdings and sit on cash. Perhaps the first time I have ever become risk averse!
zimbtrader
25/9/2018
13:04
Difficult to predict the effect of McDonnell's renationalisation plans here. IF Labour get in , and IF they do what they say , then railways presumably return to BR or some newer trendy name.(New British Rail?). Network Rail never were nationalised of course, so presumably there should be little effect unless the new Govt plan to spend a lot more on infrastructure.Seems unlikely given that they will be paying for a bigger NHS , student debt and all the other promises they have made....
wad collector
18/9/2018
09:59
CP6 has maintenance and renewals as its key priorities - both of which play to RNWH's skill set. Interesting to see the bid price rising today to 404p - the first time it's been that high for a while.
rivaldo
17/9/2018
17:21
The next rail period is not so clear cut. Costain's interim report says "Network Rail announced a 25% increase in spending to £47 billion in Control Period 6, commencing next year, but has also indicated that spending will be targeted towards asset enhancement and the 'Digital Railway' rather than large capital projects". This is why they have been rapidly moving the balance of their services towards technology. I am not so aware of this at RNWH - I still see them as first choice to come along with equipment when the Dawlish sea wall gives way.
sharw
17/9/2018
16:39
Thank you for the IC comment rivaldo.
hvs
17/9/2018
11:15
Thanks for that - it is fairly compelling - as long as they win the business in the CP6 bidding round !!
harrogate
17/9/2018
11:05
Here's the IC's Buy tip FYI (thanks mate): "Engineering services group Renew (RNWH) boasts some classic attractions as an investment based on the specialised and non-discretionary nature of its work. Recently, though, it has been a struggle for investors to focus on the positive. The many challenges the group has faced have obscured the long-term opportunity and left the shares trading at a bargain valuation. RNWH:LSE Renew Holdings PLC About four-fifths of Renew’s revenue and 90 per cent of profit comes from its engineering services division, which works across the UK’s large infrastructure networks such as rail, water and nuclear. Given the national importance and advanced age of such assets, spending on maintenance and improvements is necessarily high and is largely dictated by regulators. The complex nature of much of this work makes it difficult for new players to enter the market, and the work on offer appears to be growing. In the six months to March, the engineering services order book rose a hearty 9 per cent, and orders should be boosted further by what should prove a canny recent acquisition. In May this year, the group announced the £80m acquisition of QTS, a specialist rail contractor based in Scotland, funded by a £45m share placing at 355p plus debt. The group completed a similar purchase of another rail specialist, Giffen, in November 2016. Both QTS and Giffen are longstanding providers to Network Rail and, in Giffen's case, London Underground. Since the Giffen acquisition, Renew has successfully cross-sold services to its customers from its existing Amco business, providing a blueprint for the integration of QTS, which will expand Renew's geographic footprint. However, the recent acquisitions are of most significance due to their timing, which is ahead of a new five-year Network Rail spending cycle that starts next April. The Department for Transport has proposed a 17 per cent increase in total spending over the period, to £47.9bn, and a focus on maintenance spending means broker Numis estimates that Renew's markets will expand by 25 per cent. That suggests the 9 per cent upgrade the broker made to its 2019 EPS forecasts following the announcement of the QTS deal may be just the beginning of an upgrade cycle. Any positive trend would come as a big relief to shareholders following a slew of challenges. The group sold off its long-suffering small-diameter gas pipe business, Forefront, in February for a "de-minimis" sum and took a £9.9m non-cash impairment charge in the half year based on the value its accounts had previously put on Forefront's assets. A weaker performance from the specialist building division and a hit from adverse weather also weighed on the first half. The company has also reported slow payments from clients, although this appears to be alleviating. However, management has recently been more picky about the work it takes on, which helped the underlying first-half operating margin increase from 4.6 per cent to 4.9 per cent. Numis forecasts further increases, to 5.4 per cent in 2018 and 6.1 per cent in 2019, assisted by the double-digit margins of the acquired QTS business. IC View Renew is positioning itself to benefit from increased spending in the next rail control period, and its success with cross-selling is encouraging. Its recent challenges have scared some investors off, but trading at just below 10 times forecast 2019 earnings the shares are historically cheap, and increased rail spending could be the trigger needed for a turn in sentiment. Buy."
rivaldo
14/9/2018
09:49
It has certainly become becalmed, The deal and the discounted placing seem to have knocked the stuffing out of it. There will be a TU as always I am sure just after the end of Sept and if they confirm trading inline and that the QTS acquisition is on track and bedded in, brokers should confirm EPS of 40p for 2019 and debt repaid by Sept 19. If they do that it really should be on more than 10 x and I think can move up to £5 from here. At some point in next 6 months CP6 rail work has to be announced so newsflows could be better as it has been pretty scant over the last few years with little by way of contract wins or new framework awards to get the blood racing - and they did waste over £25m on the gas acquisition which might mean that we need to see actual evidence that the next deal (QTS) has gone well to restore confidence.
harrogate
14/9/2018
09:33
Ohhh, sometimes an IC tip is the kiss of death, though! Hopefully not in this case and really needs something to move this out of the doldrums.
zimbtrader
14/9/2018
09:24
Cheers rimau1. Let's hope the IC readership takes its time to read the tip and pile in after the weekend :o))
rivaldo
Chat Pages: 360  359  358  357  356  355  354  353  352  351  350  349  Older
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