Renew Share Discussion Threads

[wad collector] 18/3/2024 14:53

A tenner in 2024? Seems possible now.

[rivaldo] 18/3/2024 11:41

Nice comment from Shore Capital's analyst when reviewing Hill & Smith (HILS):



"However, he said the ‘stock may underperform if the market switches to a risk-on environment at some point, as we see more upside elsewhere’, particularly in engineering services group Renew (RNWH) ‘which is cheaper despite generating higher returns on invested capital, higher historic earnings growth, and having a lower risk profile’"

[wfcreserves] 14/3/2024 10:10

Late reported “unknown”; trade of £354k yesterday @9.10? Not sure what to make of that one.

[mattboxy] 13/3/2024 19:45

And it's getting worse !!

[rivaldo] 12/3/2024 22:23

Great to see a number of buy trades at 900p reported after the close - and a £173,507 uncrossing trade at 899p, which hopefully augurs well going forward.

[wad collector] 12/3/2024 21:24

Bit funereal for me that one; I'm not ready .

[igoe104] 12/3/2024 16:25

Knocking on the door of £9 now, 👊

Altogether now, its time for a song

[rivaldo] 12/3/2024 11:14

Ex-Schroders fund manager Iain Staples is very positive on RNWH - about 11 mins 45 secs in:

[rivaldo] 11/3/2024 09:16

Likely good news for RNWH today (particularly its J Browne and Enisca subsidiaries)....



"Extra £180m of water spending to prevent sewage spills

The government has fast-tracked investment of £180m over the next 12 months in a bid to prevent more than 8,000 sewage spills polluting English waterways.

The new funding commitments are in addition to water companies’ existing £3.1bn investment into storm overflow improvements for this price review period (2020-2025), as well as their ongoing annual investment to maintain the performance of the existing network.

Examples of measures include accelerated wetland construction programmes, investment in AI systems to help manage storm loads, the installation of thousands of new in-sewer monitors to check flows and spot blockages early and the recruitment and training of specialist staff.

Environment Secretary Steve Barclay said: “The amount of sewage being spilled into our rivers is completely unacceptable and the public rightly expects action.

“This £180 million of accelerated investment, which will stop more than 8,000 sewage spills over the next year, is a welcome step forward as we continue to push for better performance from water companies and hold them to account.”

[rivaldo] 08/3/2024 12:01

It's an extremely good sign that we're seeing new highs on the back of unusually large volumes, especially for a Friday, with over £1.1m traded already today.

[rivaldo] 05/3/2024 08:49

Siemens are a client of RNWH's, and the UK's transition to digital signalling has long been flagged up as a big opportunity by RNWH in presentations - it was a prime reason for buying Giffen.

For example, even back in 2019 RNWH noted that the Government had awarded £450m to digital signalling in the National Productivity Investment Fund.

So it's encouraging to read in today's news that Siemens are now building a new £100m signalling factory in Chippenham:

[rivaldo] 01/3/2024 07:27

An encouraging snippet from Field Systems Designs Holdings plc's results this morning:

"There has been much recent negative media publicity regarding the performance of the Water Industry and their failure to maintain their infrastructure. Government agencies are increasing their pressure on solving residual environmental problems and consequently water companies are starting to accelerate their expenditure under AMP7 for the remainder of the cycle until 2025"

"The Water Industry’s seventh Asset Management Programme (AMP7) commenced in April 2020, and framework plans by water utilities were rolled forward.

The impact of COVID-19, and conflicts between water utilities and OFWAT in challenging their 2020-2025 expenditure budgets, caused many new orders expected by FSD under AMP7 to be delayed for three years, but now order intake and consequential turnover are improving rapidly"

[rivaldo] 29/2/2024 11:07

Nice £132,689 buy of 15,104 shares at 878.5p just reported.

[rivaldo] 16/2/2024 14:27

News - big wins for RNWH's AMCO and QTS subsidiaries to deliver a £229m programme for Network Rail.

These are works for CP7 in its north west and central territory. AMCO and QTS have won 4 of the 10 places up for grabs, and I'm guessing they weren't going for the 2 civil engineering structural places anyway:

[rivaldo] 07/2/2024 09:31

Fundamental Asset Management hold RNWH in their portfolio, and their fund manager is very positive about RNWH in this new podcast - listen from around 15 minutes in:



Also, it's relevant to see a rail recruitment industry specialist who works with RNWH's AMCO having a record results year and being similarly bullish:



"Coleman James partners with SMEs and PLCs in the rail industry, including AmcoGiffen (part of Renew Holdings PLC), VolkerRail, Motion Rail and RES Group.

"Much of our growth is aligned to recruiting personnel to fulfil CP6 infrastructure projects, particularly for Tier 1 and Tier 2 contractors," explained Andrew Mackay, Managing Director at Coleman James.

"We’ve built successful, long-term partnerships with SMEs, owner-led businesses and Plcs, particularly across telecoms, civils and signalling. For our next phase of growth, we’ll be targeting infrastructure companies on the CP7 framework as well as major projects across the rail industry, who share our commitment to deliver quality and value, through sustainable recruitment strategies."

[mayers] 05/2/2024 21:00

Poor interviewer in my opinion. Surely investors will be concerned as to whether companies will remain within the AIM market and whether these companies will fall to Private Equity. There may even be falls in SPs if companies move from AIM.

[igoe104] 05/2/2024 19:42

Octopus investment fund manager talks about some of his portfolio investments, RNWH included.

[wad collector] 05/2/2024 09:18

As an auctioneer might say , " Do I see £9 at the back there?"

[rivaldo] 31/1/2024 08:53

Shore Capital reiterate their Buy and 1000p price target:



"Buy’ Renew, says Shore Capital

Specialist energy infrastructure engineer Renew (RNWH) has a lower risk profile than the market is pricing in, says Shore Capital.

Analyst Tom Fraine retained his ‘buy’ recommendation and ‘fair value’ target price of £10 on the stock, which closed at £8.50 on Tuesday.

The group announced trading momentum has continued into full-year 2024 ahead of its annual general meeting.

Recent updates on UK infrastructure spend have been positive for the group and Fraine said the group presents ‘an attractive opportunity for investors to benefit from the UK’s government’s commitment to spend £600bn on infrastructure from 2022 to 2027’.

‘We believe Renew is protected against economic downturns given that its revenue is driven by the public sector,’ Fraine said.

‘We continue to believe Renew has a lower risk profile than the market perceives, possibly due to associations with peers servicing much larger fixed contracts.’"

[igoe104] 30/1/2024 15:30

This looks positive from Shepley engineers, a announcement saying because a number of major contract awards they are looking for more personel.

[thorpematt] 30/1/2024 13:37

I like these straight forward trading updates. Reminds me of Brian Cooke at Castings

In particular the outlook statement: -


"The long-term structural growth drivers in the UK's regulated infrastructure markets, combined with the expertise across our businesses provides significant opportunities across the Group and the Board looks to the future with confidence."


....rather sums up why I am invested.

[rivaldo] 30/1/2024 11:32

Nice almost £200,000 buy at 863p just reported.

[cwa1] 30/1/2024 07:57

Not one to move the dial I suspect but steady as she goes and happy with that

[rivaldo] 30/1/2024 07:19

Encouraging AGM statement today, with trading nicely in line and order books ahead of not only this time last year but also the £860m at the 30/9 year end.

They would never say at this early stage that they expected to trade ahead of expectations as they have done in recent years, but the outlook statement reflects the healthy state of the business:

"The long-term structural growth drivers in the UK's regulated infrastructure markets, combined with the expertise across our businesses provides significant opportunities across the Group and the Board looks to the future with confidence."

[rivaldo] 26/1/2024 10:58

More good news, this time from Walter Lilly - two new contracts. Firstly:



"19th January 2024

Following a competitive public sector tender process earlier this year, Walter Lilly are thrilled to have been appointed to the Mary Lyon Centre at MRC Harwell (MLC@Harwell) Design and Construction Works Framework for national funding agency, UK Research and Innovation (UKRI).

UKRI works in partnership with universities, research organisations, businesses, charities, and government departments to foster prime environments for research and innovation to flourish. By collectively uniting nine bodies including seven Research Councils, Innovate UK and Research England, the UKRI connects world class researchers and innovators with customers, end-users and the general public.

This Framework will primarily serve the Medical Research Council (MRC), whose vision for their Harwell campus in Oxford we will be helping to realise throughout the duration of our two-year appointment.

Targeting carbon neutral status by 2040, MRC are embarking upon a path of transformation over the coming years which we are honoured to be supporting. Focusing on the design and construction of planned works to existing buildings as well as brand-new facilities, the Framework intends to deliver highly sustainable premises at the forefront of improving human health through ground-breaking scientific discovery"

And Lilly also won late in December an additional £5.5m contract here: