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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Renew Holdings Plc | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
-7.00 | -0.77% | 900.00 | 901.00 | 903.00 | 915.00 | 900.00 | 909.00 | 167,360 | 16:35:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gen Contractor-oth Residentl | 921.55M | 43.38M | 0.5482 | 16.45 | 713.79M |
Date | Subject | Author | Discuss |
---|---|---|---|
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 | |
14/9/2018 09:03 | First time I have seen a very positive IC comment that has not affected the price!! | millerman1007 | |
13/9/2018 18:37 | Nice write up in the IC tonight as a tip of the week. Nothing that we have all not raised here before - flagging the good acquisitions, cheap rating and forecast increased rail spending. | rimau1 | |
12/9/2018 22:39 | RNS - good to see Octopus Investments buying more. They're now up to 12.09m shares, or 16.07%, up from 11.29m shares per their last disclosure: | rivaldo | |
31/8/2018 20:04 | With Brexit looming they are all being cautious and keeping away from small caps. In general there has been very little buying. I think there are no worries here the results will be good. Did anyone notice the financial data displayed with price on ADVFN is totally WRONG | hvs | |
31/8/2018 10:28 | Not sure the seeming price movements are real anyway with SETS - it is stuck at £4 - We are only a month away from being on a current multiple of 10 with debt gone in another 12 months - Seemingly out of fashion at the moment | harrogate | |
31/8/2018 10:15 | No signs yet - the share price seems stuck in a narrow trading range. Good for traders. (Not me ; I learned my lesson about trading) | wad collector | |
27/7/2018 12:17 | 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)) | rivaldo | |
23/7/2018 08:51 | Baskets without eggs is like horses without cariage. | hvs | |
19/7/2018 09:25 | 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 | |
19/6/2018 10:28 | A decent rise in a depressed market...bodes well | nurdin | |
12/6/2018 12:55 | 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. | harrogate | |
12/6/2018 12:12 | Good to see you here igoe104. I suspect your timing will be very good. New contract win: "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" | rivaldo | |
12/6/2018 07:42 | Got back In yesterday, I'm excited about the new acquisition and the upcoming railway spend/ frameworks. | igoe104 | |
07/6/2018 12:26 | Thank you for the bove rivaldo. | hvs | |
07/6/2018 12:19 | Brief interview with the CEO here: "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-headquarter 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." | rivaldo | |
01/6/2018 10:33 | 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. | rivaldo |
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