Share Name Share Symbol Market Type Share ISIN Share Description
Renew Holdings 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
  +1.00p +0.25% 408.00p 407.00p 415.00p 415.00p 407.00p 408.00p 659,399 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 560.8 16.3 19.9 20.5 254.26

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DateSubject
25/2/2018
08:20
Renew Holdings Daily Update: Renew Holdings is listed in the Construction & Materials sector of the London Stock Exchange with ticker RNWH. The last closing price for Renew Holdings was 407p.
Renew Holdings has a 4 week average price of 355p and a 12 week average price of 355p.
The 1 year high share price is 490p while the 1 year low share price is currently 355p.
There are currently 62,317,948 shares in issue and the average daily traded volume is 160,932 shares. The market capitalisation of Renew Holdings is £254,257,227.84.
20/2/2018
11:08
rivaldo: Tipped here FYI: Https://www.fool.co.uk/investing/2018/02/11/this-promising-small-cap-stock-could-help-you-retire-early/ "Ninefold increase Take Renew Holdings (LSE: RNWH) for example. The AIM-listed engineering services group has not only proven it can turn a healthy profit, but has grown its market capitalisation more than ninefold since September 2005 without recourse to new equity. The Leeds-based group operates a number of autonomous subsidiary businesses which provide essential engineering services to maintain and renew UK infrastructure networks. These independently branded businesses have expert knowledge in their individual markets and directly deliver engineering services aligned to the needs of clients, many of whom are responsible for the long-term maintenance and renewal of national infrastructure networks. Strong results In its last completed financial year, the group delivered another strong set of results reflecting the company’s position as a leading provider of engineering services to many of the UK’s critical infrastructure assets and in particular the nuclear, rail and water markets. Group revenue (including £2.2m from a joint venture) increased by 6.7% to £560.8m, with adjusted pre-tax profits up 13.1% to £25.2m, compared to £22.3m reported for the year before. At the end of the 2017 financial year, the group’s order book stood at a healthy £511m, with a net cash position of £3.9m after the acquisition of Giffen Holdings for £7.2m during the year. High barriers to entry Renew’s share price has enjoyed spectacular growth over the past decade or so, but I think there’s plenty more to come from this £250m small-cap . The regulated markets in which the company operates have high barriers to entry and, alongside the group’s extensive expertise in delivering asset care and maintenance, provide strong opportunities for long-term growth. I believe the recent sell-off is unjustified with management confirming it has no financial exposure to Carillion. Herein lies a good opportunity for contrarians to buy on weakness at just 10 times current year earnings. Income seekers may turn their noses up at the relatively modest dividend yield of 2.7%, but payouts are covered more than three times by forecast earnings, leaving plenty of room for hefty hikes in the future."
01/2/2018
19:05
lignum: To add to the above from a business perspective the only revenue stream that has been flagged as reducing is specialist building where they already stated a possible £35m revenue reduction in current financial year. This presumably accounted for the £12m reduction in the order book at 31 December. All other businesses look as though they will be stable or growing for some time to come. The collapse of CLLN should also release some skilled people into the market and provide new opportunities in a less competitive environment - and I assume they will take their time before entering into new commitments. My only other concern is the change in management - this has been well flagged but there is always execution risk. I wouldn't be surprised if the delayed payments from the public sector customer reverses unless the public sector has a death wish against all its suppliers. All in all there seems to be a bit of hysteria in the air. What has changed in the last few days to cause the share price to fall as it has?
01/2/2018
12:24
rivaldo: It's ironic that the share price should fall just when MPs finally voted yesterday to move out of Parliament to allow repairs to begin. When this happens it will cost billions and should provide huge work for RNWH given their lead role at the building. Meanwhile, RNWH will continue to work on maintaining and improving the current buildings and potentially preparing the new venue too: Https://edition.cnn.com/2018/01/31/europe/uk-houses-of-parliament-renovation-vote-intl/index.html RNWH are now looking remarkably cheap imho on a current year P/E of only 11 and with earnings-enhancing acquisitions likely.
01/2/2018
07:33
nurdin: PS was hs been raising the balance sheet issue for as long as I can remember.The share price has grown by several multiples since his first utterance on the subject..nearly made me sell then.Glad I didnt.
30/11/2017
14:55
rivaldo: Tipped here FYI: Http://www.fool.co.uk/investing/2017/11/21/one-resilient-growth-stock-id-buy-ahead-of-just-eat-plc/ "One resilient growth stock I’d buy ahead of Just Eat plc Meanwhile, I’ll turn my attention to engineering services and specialist building provider Renew Holdings (RNWH), which released its full-year results today. Defensive qualities I like the company because it seems to have a defensive element to its business. More than 80% of revenue and 90% of operating profit come from the nuclear and conventional energy sectors, and from the environmental and infrastructure markets. The directors say these areas are “governed by regulation and benefit from non-discretionary spend with long-term visibility of committed funding.” The firm earns the remaining 10% of its income from the high-quality residential building market in London and the home counties. The figures today are good, though not as spectacular as those we’ve become used to from Just Eat. Revenue rose 7% compared to a year ago, adjusted earnings per share lifted a decent-looking 22% and the order book stands 4% higher at £438m. The directors expressed their ongoing confidence in the outlook by pushing up the dividend by 12.5% — nice! The current share price of around 426p throws up a forward P/E rating of 12.5 for the year to September 2018, which I find much more comfortable than Just Eat’s rating. There’s also a forward dividend yielding almost 2.5% and forward earnings look set to cover the payment more than three times. The company is doing a good job of growing the dividend payment, which is up 150% over the past four years. If dividend growth continues in the future, Renew Holdings could end up performing well as a stock from here."
28/11/2017
10:00
rivaldo: Finncap only initiated coverage of RNWH, with the 586p target, 10 months ago. The market is what it is, and often the current share price is meaningless in terms of assessing value since it's so easily affected by sellers or buyers. Over recent months Canaccord's clients' holding has been slowly reducing. Octopus have bought some of the slack, but it's possible that the share price has been held back purely due to this. Canaccord may simply be doing a bit of top-slicing, which may already have ended or may continue for a while, or they may dispose fully, which seems unlikely. I agree that an acquisition is overdue - this would certainly catalyse the share price. Anyway, on to the new Finncap note.....
27/11/2017
12:03
harrogate: Hi Riv. Yes the note reads well but they have been saying all that for well over a year I think and the market is pricing RNWH at a different rating with TSR negative in the last 12 months. They have a new team and as far as I know no 5 year plan to replace the last one which drove the share price and the company in those days. We need a deal !!! Ha ha. But I am not a seller at this price at the moment.
22/11/2017
09:29
harrogate: All ok really apart from the large hole in cash created by the gas acquisition which has proved to be a mistake. The question is why would the share price go up from here with EPS growth at 5% and yield at sub 2.5%? The comparison to other support services companies who have hit the rocks we know is wrong as Renew only do small jobs and all repair type work. We have a completely new team now in CEO,CFO and Chairman and with deals surely not been looked at while the FDs transitioned I think we have a period of steady as she goes until we see a deal or get a sense that AMCO is in line for a decent slug of growth from the new rail programme from 2019. Shareholder return in last 12 months has been negative and I would hope that the management incentive payments reflect that. It is one of my core holdings but not sure why I would be a buyer. Newsflow these days is rare re new business wins so what is going to get it moving?
03/10/2017
12:43
rivaldo: Finncap have retained their 586p target. Numis have actually held their target price at 500p since their last Buy recommendation: Http://breakingfinancenews.com/investing/renew-holdings-plc-lonrnwh-stock-price-target-held-steady-at-586-00gbx-issued-a-research-note-today-by-finncap/323751/ And the only reason WH Ireland shaved their own target was because comparator ratings/share prices have drifted since their last review. Perhaps this serves to emphasise RNWH's strengths of consistency and necessity of services as compared to those comparators. One never knows what will happen to a share price. Given RNWH's steadiness and reasonable rating, it's certainly possible that its attraction for institutional investors will push the price up as we approach the results, now that the market know those results will be good. And in addition there's always the likelihood of acquisitions - which is increasing fast after a fair old hiatus.
24/5/2017
11:07
rivaldo: Thanks for the IC buy tip penpont. And another one here rom i.i.i.....I suspect the breakout will be upwards: "Does Renew Holdings deserve premium rating? By Lee Wild | Tue, 23rd May 2017 - 17:24 In the dark days of summer 2009, as the market began its fledgling recovery from the financial crisis, there were bargains to be had. Turns out Renew Holdings (RNWH) was one of them. In the past eight years its share price has surged by 2,030%, up from 23p to a high of 490p, and latest record results suggest the business has further potential. Renew, which runs engineering contracts for nuclear power plants, Network Rail and London Underground, increased adjusted pre-tax profit by 11% in the six months ended 31 March to £12 million. With revenue up 9%, adjusted operating profit margin rose by 20 basis points to 4.2%. At the core engineering services division, operating profit jumped by 14% to £11.9 million on sales up 6% to £234 million. Margin was 5.1%, underpinning management expectations of hitting its group margin target of 4.5% for the full-year. The order book is steady at £517 million, and expected revenue for the second half of the financial year is fully secured, we're told. Chief executive Paul Scott told me there were "no real standouts" during the first half, but that income momentum from two clients in the water sector - just beginning the third year of its sixth asset management period (AMP6) of investment - were "helpful". And the £7 million acquisition of Giffen Holdings in November is already paying off, broadening the services offered to the rail industry. Previously, Renew did not offer electrical control and power distribution services. It does now. It's also gained London Underground as a client, which it might otherwise have struggled to do. And Giffen is also becoming more ambitious in the jobs it pitches for, which can only be good for business. And management is smart enough to know when it's time to cut losses, too, exiting their loss-making low pressure, small diameter gas pipe replacement business. It's meant booking a £5.8 million non-cash impairment charge, and there'll also be redundancy costs, but it does focus the unit on higher margin medium pressure work, which should get the gas operation back into profit next year. Renew will also swing from net debt of £3.5 million, because of the acquisition, to net cash by the end of September. With the interim dividend hiked by 13% to 3p, the total payout for the 12 months is tipped by analysts to reach at least 9p. That gives a prospective yield of 2%. It's not the most generous, but it is expected to continue growing in the double digits. At 459p, Renishaw trades on a forward price/earnings (PE) ratio of 14, although City estimates only factor in mid-single-digit earnings per share growth, suggesting share price progress from here might be more sedate. However, Guy Hewett at finnCap argues that Renew is still cheap. "Renew's strong track record of delivering essential services on large, long-term frameworks can command a higher rating," says the analyst, repeating his 586p price target. Howard Seymour at house broker Numis Securities repeats his 'add' recommendation and 500p target, which would put Renew on a PE of 14.5 based on profit forecasts for 2018. There is an interesting chart formation here, too (see trendlines drawn on chart above), which might imply that a breakout either way is possible soon. One to watch."
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