Renew Share Discussion Threads

[sheikh al utrati] 12/5/2015 15:07

I've topsliced. Partly due to a portfolio risk management as my position grew too big for my overall pot, partly because it looks fairly valued to me at this level (forward PE around 12 - it doesn't stand out as much as it did in the past...) I don't expect much upside now unless the results beat the forecast singificantly (which can't be ruled out tbh..). Would love to re-enter if it gets to 250 ish this summer though... GL

[santangello] 12/5/2015 13:00

Sellers departed, results next week and no doubt chart users observing the next leg underway and looking like a rise to around 350p based on what my chart specialist tells me.....although I don't believe in charts myself.....Just my guess.......

[fangorn2] 12/5/2015 11:30

What's driving this resurgence, other than the previous seller taking an early summer break

[rivaldo] 11/5/2015 23:13

Climbing nicely, and the long-term uptrend is continuing perfectly.

[wad collector] 08/5/2015 16:49

I wonder what happened to all those posters who told us it was going sub £2?
Perhaps they just got their numbers mixed up.
2 can look a bit like a 3 , if you close you eyes.

[nurdin] 08/5/2015 16:34

Has this board gone into a shock? :o)

[igoe104] 07/5/2015 08:23

Another contract win for Amco.



Scottish Hydro Asset Upgrade.

Following the successful completion of the design phase, AMCO have been awarded the construction contract for the replacement of the Truim Crossing near Dalwhinnie in the Scottish Highlands, by SSE. The crossing takes water from the Cuaich Aqueduct and transfers it across the River Truim through a buried pipeline to discharge in to Loch Ericht. Being at the upper-most section of the catchment, the crossing is a key asset in maintaining the generation capacity of the 241 MW Tummel Hydro-Electric Scheme(pictured right).

The crossing is constructed from 7’6” internal diameter reinforced concrete pipes which date from the 1930’s; recent inspections had identified cracks and joints passing air and water.

The AMCO solution contains two innovative elements. Firstly, to meet the exacting requirements of the performance specification (this includes a design life of 70 years and 24 years before the first intrusive maintenance) AMCO will use glass reinforced plastic (GRP) pipes as opposed to steel. As well as being less than half the weight of steel, GRP is better equipped to withstand the corrosive conditions of the 370m above sea level location.

Secondly AMCO will use a slightly smaller diameter pipe inside the existing structure, thus reducing the environmental impacts of removing and disposing of the concrete pipes. Key to this was the hydraulic modelling to ensure that the smaller pipe could cope with the maximum flows from the Cuaich Aqueduct

[santangello] 06/5/2015 18:47

....and a 50,000 buy at 10.30 too Riv.....very encouraging.

[rivaldo] 06/5/2015 10:48

Nice £79,000 buy at 293p just reported - well above the published 290p offer price. Someone's keen.

RNS's today - Investec have bought over another 1m shares and are now up to 6.71%, while HH have top-sliced by slightly less to 12.35%.

Looks like a good bit of institutional stake-swapping. If only more such stakebuilding was carried out so efficiently.

Results are on 19th May, and we know they'll be solid, in line with the trading statement.

[santangello] 05/5/2015 12:28

Possibly but I favour MMs working the spread in readiness for next week.....we'll see.

[pugugly] 05/5/2015 12:05

Could this be part of the reason for the pull back ?

UK construction output falls to 22-month low

[rivaldo] 01/5/2015 10:50

...and an immediate tick up too.....

[nurdin] 01/5/2015 10:43

wow...some huge trades going through..broker to broker though

[thecroots] 30/4/2015 15:49

I just top sliced and sold 50k shares at 295.5. Be silly not to really after such a decent rise.

[nurdin] 30/4/2015 15:06

Thanks igoe...underpins an already bulging order book!

[igoe104] 30/4/2015 15:00

Britannia picking up more new contracts.

NEW PROJECTS

Orbital Shopping Park, Swindon

Car park remodelling with associated hard and soft landscaping plus construction of a new management suite building – £5,500,000

[sheikh al utrati] 30/4/2015 14:11

It really makes me laugh how certain doom-monger disappears when share price rises, and re-appears swiftly when a pullback happens... :-) I even caught myself secrectly wishing the share price to fall a bit to get some more entertainment..

[santangello] 29/4/2015 13:58

MM's looking for stock pre results......when I would expect a touch way way away from the current region ??Still off the highs of not so long ago, so the move to £3.00+ not unexpected and therefore not really exciting me...especially when some of.my frequent purchases where arpund £3.15. Thankfully I also have a truckload from 88 - £1.00 :)

[thecroots] 29/4/2015 13:21

Blimey, what a rise over the past 10 days. Something clearly going on. I'm guessing results will be blinding again as per usual..!

[santangello] 28/4/2015 14:28

£3.00 is a tad conservative me thinks.Results and Broker updates that follow should endorse that.....

[intermale] 28/4/2015 14:22

Looks like my 3quid target is coming-again, I will catch it this time though
g` luck

[thecroots] 24/4/2015 18:57

not worried about cash flow at all. they generate strong cashflow. just look at the last 3 years results.

[rivaldo] 24/4/2015 07:23

The IC says Buy in its AIM 100 coverage....

"84. RENEW HOLDINGS

Earlier this month engineering group Renew Holdings (RNWH) announced that trading for the first half of 2015 would be ahead of the previous year, that its order book would be up and that net debt would be reduced. This built on record full-year results for its September year-end. The shares are 99 per cent up on our original buy tip. Yet its rapidly expanding order book and value-adding acquisitions – which have generated 64 per cent of revenue growth between 2009 and 2014 – makes us think there is more upside to come.

The Leeds-based group has profited from its shift away from construction markets and towards higher-margin engineering services. Last year, it acquired wireless infrastructure group Clarke Telecom and Forefront Group, which provides engineering services to the gas infrastructure market.

The group provides essential maintenance work and renewal of assets to highly regulated areas, a market that offers high barriers to entry. This means much of its work – around 80 per cent last year – is secured via frameworks and limits the competitive environment. In particular the group has expanded its footprint in the nuclear and railway sectors. Network Rail, for example, has appointed Renew’s AMCO Rail subsidiary to work on seven infrastructure frameworks, with an advertised value of £450m over the next five years. Analysts at Numis have set a target price of 335p for the shares, which are currently priced at 239p. Buy."

[igoe104] 23/4/2015 20:28

One of renew companies, VHE was on the one show earlier today.