Renew Share Discussion Threads

[glaws2] 26/11/2016 06:05

New closing all time high - all these mentions in the press having an effect.

[santangello] 25/11/2016 17:19

Many thanks for sharing as ever Rivaldo.

[rivaldo] 25/11/2016 14:59

It's easy enough to find on the interweb wad collector. I'm sure there are bigger fish to fry than myself :o))

[wad collector] 25/11/2016 14:34

Thanks for that , hope the copyright police don't knock on your door :-)

[harrogate] 25/11/2016 10:12

The results presentation that they used for the meetings this week is now on the website. Shows clearly the slowing organic growth they had in 2016. Looks steady as she goes for 2017

[rivaldo] 25/11/2016 09:55

Cheers Glaws, good to know - should bring in more buying.

Talking of which....the RNS just out shows Hargreave Hale have been buying more too. They're now up above 15%, with 9.39m shares. Their last disclosure was for 8.75m shares, so they've actually bought 640,000 shares since then:

[glaws2] 25/11/2016 09:08

Recommended in Questor column (which i behind a paywall).

[rivaldo] 25/11/2016 08:46

Shares Magazine this week also names RNWH as a key beneficiary of the Autumn Statement:

"The Autumn Statement fleshed out a pledge by the Government to boost spending on infrastructure, from better transport links to more efficient telecom networks.

We see several beneficiaries from this announcement. Engineering services specialist Renew Holdings (RNWH:AIM) could get a boost from both rail and land remediation work. The Government wants to test digital signalling on the UK rail network and squeeze more capacity out of existing rail infrastructure."

[rivaldo] 24/11/2016 09:28

Indeed Harrogate.

Here's a specific mention for RNWH as one of the winners from the Autumn Statement, from Russ Mould, investment director at stockbroker AJ Bell:



"Mould continued, ‘Infrastructure plays such as.....Renew Holdings will doubtless welcome more spend on road and railways"

[harrogate] 24/11/2016 07:31

And you would hope that Clarke Telecom get some work on the proposed 5G rollout - mots of the current work is in 4G - Generally a positive statement for Renew I think.

[rivaldo] 23/11/2016 23:35

Today's Autumn Statement noted "that the government will spend £450m of the NPIF cash on trials for digital signalling technologies on the rail networks, with an aim of expanding capacity and improving reliability":



It just so happens that the Giffen Group - acquired by RNWH just 3 weeks ago - specialises in "the capability to design, install, test and commission major signalling projects":



Bingo :o))

[wad collector] 23/11/2016 11:10

270k sells just now (at least on level 1), curiously the MMs have marked the price up afterwards.

[rivaldo] 23/11/2016 07:35

Cheers - here's a direct link:



Conclusion:

"Renew has shown good PEG valuations in recent years, and though forecasts suggest a bit of a rise to 0.7 in the coming year, I think that’s still within an attractive growth range. With a forward P/E of 12.3, I can see a small cap growth opportunity here — and with a market cap of £240m company, I don’t think the risks are too great."

[mfhmfh] 22/11/2016 21:37

hxxp://money.aol.co.uk/2016/11/22/renew-holdings-plc-looks-set-for-further-growth-after-10-rise-i/

[harrogate] 22/11/2016 17:37

I think to be valued at more than 13 times they need to grow at more than 10%? Maybe who knows

[gswredland] 22/11/2016 17:31

What do companies have to do these days!
I am looking from the sidelines hoping for further falls to get back in
We will see.....

[harrogate] 22/11/2016 17:10

I think the results were as expected - with the exception of another £4m that was spent on the Allenbuild business that was supposed to be fully provided for last year with a £7m provision which was after the 2014 accounts were supposed to fully provide for the remaining contracts not sold - that was an extremely expensive business which has cost the best part of a years worth of post tax profits. Painful.
The shares are down I think because the 2018 number that the brokers have come up with at 33p is barely above the 2017 number so while we hope they are being their usual conservative selves we don't seem to be seeing the double digit organic growth that has bene talked about and I think that despite the dividend increases to 9p and 10p we are not far off being fairly valued without some new deal and or a further increase in the core 208 number. Having said that visibility is great and it is a much safer company now we are off site on all ex Allenbuild contracts. A hold but not a buy for me unless it gets below £3.50 a again

[wad collector] 22/11/2016 16:35

The market obviously wasn't too impressed as the price slid 6% , but the rise yesterday was a bit anticipatory , so I guess this was going to fall a bit . A couple more broker notes might stir it up again. I am happy to see it fall again , so I can add .

[rivaldo] 22/11/2016 14:25

Agreed.

Worth also noting that this week's floods will likely give rise to lots of short notice additional work in terms of (a) alleviation and (b) rail repairs for Network Rail a la Dawlish - for example, there's a big operation going on in Exeter where the line will be closed for at least 2 days due to flood damage.

[wad collector] 22/11/2016 11:18

Good enough to keep the share price slowly ticking upwards I suspect. Hold and prosper.

[rivaldo] 22/11/2016 10:46

Numis have increased their price target to 450p (from 390p):

[rivaldo] 22/11/2016 09:01

The current year P/E is only 12.4, and the potential growth is huge when you consider Hinkley Point, Sellafield, HS2 etc etc.

[deadly] 22/11/2016 08:45

Good, but at a P/E of 15 and yield 2% not cheap these days.
So no great move today.