Renew Share Discussion Threads

[rivaldo] 05/8/2021 11:32

Nice £5k buy at 787p just now....looks like the 117,000 shares at 770p earlier were buys given the subsequent share price movement.

[rivaldo] 04/8/2021 09:39

Shepley Engineers have an excellent quarterly newsletter, which I've only just come across. The latest one just out includes the following - there's a lot going on:



"All our teams are busy bidding and qualifying for many opportunities which can potentially become jobs over the next year, this includes:

• The OSW replacement now called Integrated Asset Care Tender is progressing and is due in mid-July
• We are awaiting feedback on a project to install the Bulk Storage Tanks for the SCP.
• We are part of many potential 18-year jobs for PPP, including HVAC, Mechanical Piping Installation, Mechanical Fabrication, Electrical Installation and Electrical Control Panels
• At West Cumberland we have bid a major fabrication package for Fuel Racks and we are just starting a bid for High Integrity Stainless Steel Containers.
• In the Restoration arena we have been successful in winning the front-end package for the Tollcross Glass House in Glasgow and we are providing some support for the restoration of the Royal Botanical Gardens in Edinburgh. Also, in Manchester we are bidding several packages on the Town Hall.

As you can see, we are busy with these tenders and if we have a reasonable level of success, we will be very busy in the future.

On the current projects there has been some excellent progress on PPP fabrications at West Cumberland with the completion of the first phase of Wall Boxes, and the commencement of the vessels for SCP. Magnox Island has progressed well at Springfields and we have mobilised on the Manchester Town Hall."

[rivaldo] 02/8/2021 12:05

Great to see buying at 775p just now.

There could still be further earnings-enhancing acquisitions as RNWH still have leeway for more - and there may well be earnings upgrades for the year ending next month given the "strong" start to this H2.

[dr biotech] 02/8/2021 11:47

I’ve sold 40% today. They’ve risen 80% since I bought, so hold the same value now as when I bought in. Just feel it’s the right time to lock some gains in.

[bsdjj] 02/8/2021 11:36

Also as far as I can see we are at or above the highest sell side price target :FinnCap 770pPeel Hunt 750pNumis 740pLiberum 650p

[bsdjj] 02/8/2021 11:29

Consensus EPS forecasts on Eikon are 46.13p for 2021, 51.73p for 2022 and 53.61p for 2023.That puts stock on P/E of 14.3 times 2023 expected earnings. Hardly expensive even after the share price rise for a growing business in a defensive sector.I also suspect that the share price is also indicating that those consensus forecasts will be revised upwards in due course.

[rimau1] 02/8/2021 09:52

I’m getting altitude sickness Riv!

[rivaldo] 02/8/2021 09:15

More buys at 760p this morning.

Seymour Civil Engineering have just won a place on a £290m framework contract as one of eleven suppliers over the next 5 years for Yorkshire Water for works across their estate.....

[rivaldo] 26/7/2021 22:51

Lovely finish, with a closing buy at 760.04p.

It's not surprising there's a re-rating going on. RNWH are in a lovely sweet spot now, with terrific defensive qualities on the one hand, yet also deep involvement in a number of fast-growing sectors all earmarked for large government/regulated/infrastructure investment over the next 5-10 years.

[wad collector] 26/7/2021 17:06

Buy at 760 at the close - wow this just keeps on rising fast, perhaps it does justify falling in love with it after all!

[igoe104] 26/7/2021 14:44

Probably uk large upcoming infrastructure spend . HS2 etc. Certainly i will be holding for a while yet, expect more of a rise to come...

[cfb2] 26/7/2021 14:27

Over the past few years I've considered RNWH undervalued. They've been steadily winning contracts but the share price hasn't really moved. It's taken a long time for the market to realise, I wonder what the catalyst for a reassessment was.

[hopeful holder] 26/7/2021 13:29

I.am.aong term holder here but rarely post. How nice to see RNWH keep performing so well .Good drive and good management here.Well.done to the Board.

[wad collector] 21/7/2021 23:04

They do say "never fall in love with a share" . Love makes you blind . Though they also say that something else makes you blind and that clearly isn't true , look at Boris.

[rimau1] 21/7/2021 15:41

Since we broke £7 the price action has been very strange. Sadly i have fallen in love with this share (so price is fairly irrelevant) but i am curious!

[wfcreserves] 21/7/2021 15:13

And up! And down again.

[cwa1] 21/7/2021 15:00

It's going up :-)

[wfcreserves] 21/7/2021 14:59

What's agoing on here then?

[rivaldo] 20/7/2021 11:04

Looking very strong here, especially against the general market sell-off yesterday and in general. Received a nice interim divi the other day too :o))

VHE were the second largest recipient in the country of funds from the Government agency HomesEngland:



"Earthworks and remediation contractor VHE Construction was in second place – receiving £5m. It worked on jobs including adit, well and reservoir decommissioning at the listed Whitley Pumping Station in Coventry, West Midlands, and infrastructure works on a former Electrolux site in Spennymoor near Durham."

[rivaldo] 15/7/2021 07:39

News this morning of £2.7 billion allocated to deliver environmental improvements in the water sector. with an extra £800m being spent and the remainder being brought forward - RNWH's acquisition of J Browne could not have been better timed:



"Ofwat, in collaboration with Defra, the Environment Agency, the Drinking Water Inspectorate, and CCW, has given the go ahead on delivering a broad range of proposals to offer a more resilient, greener and healthier future.

Five water companies - Severn Trent Water, South Staffs Water, South West Water, Thames Water, and United Utilities will invest an extra £793 million, on top of their existing five-year PR19 packages, to help the green economic recovery. These companies, along with seven others in England, are also bringing forward £1.9 billion worth of investment in additional statutory environment schemes into the 2020-25 period."

[wfcreserves] 14/7/2021 23:30

A £million purchase @700p helped the onward March too I would imagine.

[rivaldo] 14/7/2021 15:48

Up - obviously :o)) Broker targets are often left behind in the dust if need be.

There could be a further earnings-enhancing acquisition at any time. Plus imo RNWH is achieving a rating shift/uplift as investors finally appreciate:

- the involvement in a number of multi-decade growth sectors
- and RNWH's excellent defensive qualities

[pugugly] 14/7/2021 15:35

Numis target hit - Where now?

[rivaldo] 14/7/2021 13:23

Nice :o))

Buying coming in at steadily higher prices, and now at 749p....