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 Shares Traded Last Trade
  +4.00p +0.96% 419.00p 79,628 16:35:13
Bid Price Offer Price High Price Low Price Open Price
415.00p 423.00p 423.00p 418.00p 418.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 560.8 16.3 19.9 21.1 261.11

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Trade Time Trade Price Trade Size Trade Value Trade Type
15:07:08422.305912,495.79O
14:51:12419.5050,000209,750.00O
14:49:03416.008203,411.20O
14:36:05423.0014.23AT
14:36:05423.00312.69AT
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Renew Holdings (RNWH) Top Chat Posts

DateSubject
23/4/2018
09:20
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 415p.
Renew Holdings has a 4 week average price of 375p and a 12 week average price of 355p.
The 1 year high share price is 475p 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 37,363 shares. The market capitalisation of Renew Holdings is £261,112,202.12.
20/4/2018
12:03
rivaldo: The IC have just today published their annual review of the AIM 100, their guide to the junior market. RNWH are a Buy: Https://www.investorschronicle.co.uk/shares/2018/04/20/the-aim-100-2018-90-to-81/ "81. Renew Engineering services has long been the driving force behind improvements at Renew (RNWH). The group has seen its sales and order book grow consistently in the division in recent years, boosted further by efforts to increase the quality of earnings. As a result, adjusted operating profit was up more than 16 per cent at the last update. The group’s latest trading update, released in April, continued this theme, with management expecting to report an increased forward order book at the half year. Growth in engineering services came predominantly from the infrastructure and environmental sectors. The group reports its results for the six months to March 2018 in May, and investors will be hoping for news that will push the shares up to where they were at the start of the year. The share price fell 19 per cent at the end of January as the group released its pre-annual meeting trading statement, which warned that some public sector customers were paying more slowly than usual, and announced the retirement of chairman Roy Harrison. The share price continued to fall until management announced the disposal of Forefront in early February. The sale of that business marked the group’s willingness to cut its losses. It had originally intended Forefront to exit its lossmaking low-pressure small-diameter gas pipe replacement activities, but when by the fifth month of the year the remaining business had shown no signs of improving financial performance, management sold it for a minimal price and took a £9m write-down on its balance sheet. Looking ahead, the question to answer will be how far the group’s engineering division can grow. It carries a good mix of work across energy, environmental, specialist building and infrastructure projects. This diversification may come in useful in coming years as investment in water infrastructure – in which the group does a lot of work – will likely wind down as the AMP cycle reaches its end and water companies prepare to submit their business plans for the next period. Investors should look for further increases in the order book, whether the group looks likely to slip from its year-end net cash target and whether any progress is being made on margins. At 383p, shares in Renew now trade at 11 times forecast earnings, well below where they have been trading in recent times. With the disposal of Forefront the group is well positioned to improve its margins and deliver further growth. Buy."
03/4/2018
07:24
rivaldo: Once again RNWH produce a good trading update, with: - "strong" Group performance - trading nicely in line with expectations - an increased order book due to higher margin Engineering Services growth - good cash flows Https://www.investegate.co.uk/renew-holdings-plc--rnwh-/rns/trading-update/201804030700085279J/ Given RNWH's continued consistency and reliability, the share price really should be back up to 450p and perhaps nearer analyst price targets of 480p or so.
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.
03/10/2017
13:43
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.
Renew Holdings share price data is direct from the London Stock Exchange
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