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% 386.00p 387.00p 393.00p - - - 0 05:30:33
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 560.8 16.3 19.9 19.4 290.53

Renew Holdings Share Discussion Threads

Showing 8926 to 8949 of 8950 messages
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Buying coming in at the full 407p offer price, and a move up after £280,000 of stock through at 398.33p this morning. I get the feeling the seller/shackles on the share price may be ending or about to end. Hopefully anyway :o))
Baskets without eggs is like horses without cariage.
Sp has remained impressively static for last few months ; wish I could say the same for the rest of my portfolio. Tempts me to add a few but is now about 15% of my portfolio ; think I ought to buy more baskets not more eggs.
wad collector
A decent rise in a depressed market...bodes well
Rail is the key here I think short to medium term and per the Network Rail website CP6 decisions ( and I assume allocations on the frameworks ) will be announced in final form in "autumn 2018" that might trigger some Company announcements.
Good to see you here igoe104. I suspect your timing will be very good. New contract win: Http:// "Further success in the Midlands for VHE 11 June 2018 VHE’s success in the Midlands continues with another contract award from Homes England (formally Homes and Communities Agency) to carry out remediation works on a site in Hall Green, Birmingham, which was formally a Rolls Royce aeronautical control systems plant. Works include; •Break out and crushing of slabs, hardstandings and foundations •Crushing and screening •Excavation and re-engineering of madeground to create platforms for residential development •Treatment of hydrocarbon impacted soils The site is adjacent to residential properties, rail lines and local businesses. The site has been registered with the Considerate Contractors Scheme having received a CCS award for the remediation of Aston Advanced Manufacturing Hub (AMH Plot 2), on behalf of client Birmingham City Council. VHE recently completed important projects for Homes England and Birmingham City Council at; •Serpentine AMH (Birmingham) – remediation and enabling works •Wolverhampton Hospital – remediation and regeneration works •Trent Basin (Nottingham) - remediation and river wall repair works •Red Lion Wharf (Northfleet) - demolition, remediation and enabling works •Rylands Garage (Birmingham) - remediate and prepare for development"
Got back In yesterday, I'm excited about the new acquisition and the upcoming railway spend/ frameworks.
Thank you for the bove rivaldo.
Brief interview with the CEO here: Https:// "Renew targeting growth following £80m acquisition Renew Holdings, the listed engineering services group, is targeting further growth both organically and through acquisitions following a recent £80m deal. Earlier this month (May 2018), the Leeds-based group agreed a deal to acquired QTS Group, a Scotland-headquartered rail contractor with bases across the UK. The company reported an operating profit of £12.9m on £262.2m turnover in its interim results for the six months ended 31 March 2018. Chief executive Paul Scott told Insider: "QTS adds in the region of £70m in revenue to the group. The priority for the rest of the financial year is to integrate it successfully. Thereafter, we'll look to grow organically and will focus on the synergies between the businesses. "One of the key attractions of QTS is that it has pushed out across the regions and now operates nationally across the rail network. It fits strategically with our existing business." Scott added that further growth is being targeted following the integration of QTS, both organically and through acquisitions. He said: "We're targeting organic growth across our three main sectors. In infrastructure, we renewed our place on the Civils and Buildings Asset Management Frameworks. We also secured a place on the Environment Agency’s Flood and Coastal Risk Management Framework. "We will also continue to be acquisitive. We're looking at the markets that we understand and are looking for businesses we're familiar with but we'll consider all options."
Creeping up steadily this week, with buying this morning at 408p and 409p. We're only 4 months away from the new year and Numis' increased forecast of 40p EPS - a P/E of only 10.
I notice that Glasshalfull has just bought into RNWH - welcome GHF (see his two posts on Twitter here): Https://
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."
It was all clearly shown in the RNS on 9th May - click above on the news section
Has anyone any idea as to the revenue and profits of QTS
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."
Very good solid performance. 10% increase in divi shows confidence going forward. With QTS kicking in shall be very good final year results.
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.
Accounts out - First glance look on line - Cannot see any red flags at the moment
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.
RNS - Polar Capital have bought 3.84m shares and now own more than 5% of RNWH: Https://
Good news from Amco - should stand them in good stead for new frameworks etc: Http://! "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"
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.
Yes thanks from me too for that info rivaldo.
Not sure you have missed out - it is still sub £4 - so 10 x 2019 EPS -
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