Renew Share Discussion Threads

[harrogate] 20/11/2018 21:29

Results on 27th as per earlier RNS

[thecroots] 20/11/2018 20:51

Results must be due this week. They were released on 21st November last year - which is tommorow!

Disappointing that we are trading this low but patience will be rewarded here I believe.

[harrogate] 20/11/2018 08:36

Saw this from a couple of weeks ago -

The Office of Rail and Road (ORR) in the UK has approved Network Rail’s £35bn plan to improve and modernise the railway system.
The approval followed consultation with all major industry stakeholders, including consumer groups and Network Rail.
The five-year plan known as Control Period 6 (CP6) will commence on 1 April next year and aims to increase the reliability of railway services.

Hard to think that given this is only 4 1/2 months away that we should know soon what it means for RNWH.

[rivaldo] 31/10/2018 09:29

Completely agreed harrogate.

With 38.6p EPS forecast for the current year, and most of RNWH's activities being budgeted and necessary renewal and maintenance work, I can see RNWH being the focus of institutional buying given this month's encouraging year end trading update.

Incidentally, only last month RNWH's Shepley Engineers won a safety award at Sellafield, so it should be in prime place to win some of the huge work which will be available there over the next few years:

[wad collector] 31/10/2018 08:27

Sellafield cleanup costs in the news , not sure if this is good or bad for RNWH.


"Costs of major projects in the run up to decommissioning Sellafield's nuclear site are likely to over-run by £913m and face long delays, a report says.

The Public Accounts Committee also said the Nuclear Decommissioning Authority (NDA) had cancelled three projects since 2012, costing taxpayers £586m.

The committee said in its report it remained sceptical about the NDA's long-term strategy at the site.

But the NDA said the report recognised improvements had been made since 2015.

Despite the progress since that previous inspection, the committee found delays and expected cost over-runs with 14 major projects, which have an overall estimated total cost of £6bn.

The committee added the NDA had not fully reviewed why its projects ran into difficulties."

[igoe104] 31/10/2018 08:10

I've just had a small top up, with a spare 2k I had in my issa. the fall in RWHN has been well over done.

[harrogate] 31/10/2018 07:56

Yes - I had 3 main worries about RNWH a couple of months ago - Has the QTS deal gone well, would the budget mess with IHT relief for AIM shares ( RNWH is a core holding for many AIM funds) and will they win what they need to win in CP6 rail programmes ( and could this be impacted if a general election and a labour government messed with this ). The first 2 have gone so we are left with the last worry - This is now getting cheap at 9x times this year and yielding more than 2.75%. Hard to understand really other than being dragged down with the rest of the shares that had actually gone up this year!! Life is so unfair!

You would have thought that any positive news on CP6 rail is going to be significant for the share price. My searching on that well known search engine doesn't seem to have anything current on likely announcements of the CP6 awards

[rivaldo] 31/10/2018 07:29

The Times market report this morning notes that Kier shares rose because of:

"Budget nods to a more than 20 per cent rise in rail spending over the five years to 2025, with an emphasis on renewal work"

This has to be good news for RNWH too given its core specialism in renewal and maintenance work.

[wad collector] 25/10/2018 15:47

We seem to be slipping out of the 390-410 range.Finally. Trouble is that is the wrong end.
Time to add a few more or batten down hatches?

[hvs] 08/10/2018 12:34

Go to sleep Dozey and Dream.

Nice find rivaldo thank you.

[dozey3] 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.

[rivaldo] 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:



"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…"

[hvs] 02/10/2018 14:58

LABOUR are a SHOWER no way they will EVER BE IN POWER

[harrogate] 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

[wad collector] 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.

[hvs] 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.

[harrogate] 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

[zimbtrader] 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.

[rivaldo] 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:



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))



"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."

[hvs] 26/9/2018 08:32

Does that mean we donot travel by rail ???

[zimbtrader] 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.

[igoe104] 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.

[hvs] 25/9/2018 14:56

Comrade Corbyn will never never make it to No 10. The guy is incontintent.