Renew Share Discussion Threads

[wfcreserves] 27/12/2019 16:56

Apparently an uncrossing trade @5.14. Other small trades were showing @5.34. So published ask and bid prices a bit misleading? They were showing a minus 32 spread at one time!

[jampot7us] 27/12/2019 16:39

Ouch..what causes such drop during the auction?

[wad collector] 24/12/2019 13:23

Indeed , and closing buy of 7000 @534 puts the icing on this Xmas cake. Seasonal greetings to those other holders who have kept faith in RNWH over the last 2 yrs of static share price performance , especially Rivaldo .

[jampot7us] 24/12/2019 11:14

Moving on up..

[rivaldo] 23/12/2019 07:27

The AGM next month will be on January 29th - there should be a nicely positive statement accompanying it going by the results outlook:

[wad collector] 20/12/2019 18:19

I knew there was something good about the rain! Mind you it also impairs a lot of other work.

[rivaldo] 20/12/2019 13:14

The torrential rain at present should help things along for RNWH - Network Rail have just said they've been affected by four or five land slips plus general flooding, which is also affecting rivers and roads elsewhere.

[jampot7us] 20/12/2019 10:46

Pushing on nicely....

[rimau1] 18/12/2019 16:17

A PE of 15 would not look expensive given the high quality earnings, barriers to entry and structural growth directors. So £7+ achievable.

[thecroots] 18/12/2019 15:13

Lol. Been in these for about 8 years. got back into them recently with a large holding averaging at around 380p. Thought id done well getting out at 420p.!

Well done to all those that held.

[hopeful holder] 18/12/2019 13:57

I've been here for years and finally making a profit.Just wondering how high will it go.

[wad collector] 17/12/2019 09:55

Looks like the faith here is being rewarded after a 2 yr pause!

[rivaldo] 16/12/2019 07:29

OFWAT have this morning given the "green light to massive investment programme to transform water sector":



This includes in particular an additional "£1 billion to protect communities at risk of flooding". Plus more for moving water around to areas which suffer shortages, requiring new pipeline installations. Etc etc.

All good for RNWH's Seymour Civil Engineering in particular.

[rivaldo] 15/12/2019 07:51

Great to see buying at 508p towards Friday's close.

Lots of news in the press about Tory plans for huge spending on infrastructure in the North, including billions on flood defences, rail, bridges, tunnels etc.

RNWH will be rubbing their hands together in anticipation.

[deadly] 13/12/2019 22:42

No, just extreme short-sightedness previously and now possibly extreme over-enthusiasm, as is typical of investors and makes for a market with its frequent anomalies.

[igoe104] 13/12/2019 14:29

Just shows it was the cloud of a Labour government has held these and CTO back, all year or so.

[rivaldo] 13/12/2019 14:22

Cheers davidosh.

CWA1, here's the important snippets from today's Telegraph feature:

"To explain Renew’s strengths it is hard to improve on the words of its chairman, David Forbes, in the results announcement: “The group’s focus remains on those markets where non-discretionary spending programmes exist to maintain critical infrastructure. These markets have excellent long-term prospects with growth driven by regulatory requirements.”

The company added that its decision to target “complex, challenging and highly regulated environments” such as rail, water and energy led to “high barriers to entry” for potential competitors.

It highlighted the 
long-term nature of spending plans in those sectors. On the railways, for example, Network Rail’s “CP5” and “CP6” programmes stretch to 2024, while the water industry’s “AMP6” and “AMP7” schemes run to 2025 and power distribution’s “RIIO ED1” and “ED2” schedules are expected to extend to 2028.
Coming back to the present, every number in Renew’s recent results seemed to go in the right direction."

"Earnings per share gained 13.8pc to 40.4p and the full-year dividend of 11.5p compared with 10p last time."

"Debt fell sharply, from £21.4m in 2018 to £10.2m. The group said one of its aims was “to build a net cash balance to enable us to quickly respond to acquisition opportunities that are consistent with our strategy and which are earnings enhancing”.

Several brokers are positive about the stock. Shore Capital, which rates it a buy, said: “Key to our investment case is our expectation that investment in transport infrastructure will continue to increase in the long term as the Government seeks to achieve its net zero carbon emissions target by 2050.

“Renew is also very well placed, in our view, to benefit from growth in other regulated markets including water infrastructure, nuclear decommissioning, renewable energy and land remediation.”

Shore said it regarded the shares’ valuation, as indicated by a price-to-earnings ratio of 9.7 when it published its research note, as a “fundamental” undervaluation of the business, possibly because of its perceived similarity to “contractors that have a much higher risk profile”."

[cwa1] 13/12/2019 13:10

Any chance of a snippet from it for the tight wads amongst us that aren't subscribers? :-)

[wad collector] 13/12/2019 12:05

Thanks for the link , brave to write it before the election result.
Now an ATH. What a difference a month makes....

[davidosh] 13/12/2019 11:56

a link to today’s positive Questor write up on Renew Holdings in today’s Daily Telegraph:

[rivaldo] 13/12/2019 10:32

Great start, with buying coming in at 480p now.

Almost at the 2017 all-time highs. Yet still only on a current year P/E of 11, with earnings-enhancing acquisitions likely, record order books and secure income streams in a number of growing sectors.

[rivaldo] 12/12/2019 22:40

Very nice £84,000 buy at 463p reported late.

The exit poll is looking good for the markets too.....

[igoe104] 12/12/2019 16:30

Gathering pace in anticipation of a big conservative infrastructure spend.

[wad collector] 12/12/2019 16:22

Ooh , looking even perkier. Glad I hold a lot.