Renew Holdings Share Price (RNWH)

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
	+0.00p	+0.00%	395.00p	0	05:30:11

Bid Price		Offer Price	High Price	Low Price	Open Price
395.00p		399.00p	-	-	-

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Construction & Materials	560.84	16.30	19.90	19.8	297.3

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Renew Holdings (RNWH) Latest News

Renew Holdings News

Date	Time	Source	Headline
07/6/2018	07:01	UKREG	Renew Holdings PLC Interim Report & Accounts
22/5/2018	12:20	ALNC	Renew Holdings Reports Drop In Interim Profit As Revenue Declines
22/5/2018	11:43	UKREG	Renew Holdings PLC Interim Results
22/5/2018	07:39	ALNCF	Alliance News Flash Headline
16/5/2018	15:40	UKREG	Renew Holdings PLC Holding(s) in Company
09/5/2018	11:23	ALNC	Renew Holdings Raises GBP45 Million To Help Fund QTS Group Purchase..
09/5/2018	07:01	UKREG	Renew Holdings PLC Acquisition and Placing
13/4/2018	07:00	UKREG	Renew Holdings PLC Notice of Results
06/4/2018	15:06	UKREG	Renew Holdings PLC Holding(s) in Company
03/4/2018	10:09	ALNC	Renew Holdings Expecting Larger Order Book After Good Six Months

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Renew Holdings Forums and Chat

Date	Time	Title	Posts
19/6/2018	10:28	Renew Holdings - formerly Montpellier - big sales, big profits	8,689
04/1/2015	20:06	RNWH Renew Holdings Plc	120
29/1/2014	11:37	RNWH...........50% Broker SP Upgrade........	1
07/9/2010	22:02	Renew Holdings Sell Off At Death 70k Smells of Shorting Opportunity	7
04/8/2006	09:10	Renew Holdings Poor Results Time Is Now To Short	18

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Renew Holdings (RNWH) Top Chat Posts

Date	Subject
17/7/2018 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 395p. Renew Holdings has a 4 week average price of 385p and a 12 week average price of 380p. The 1 year high share price is 464.75p while the 1 year low share price is currently 355p. There are currently 75,267,507 shares in issue and the average daily traded volume is 37,860 shares. The market capitalisation of Renew Holdings is £297,306,652.65. Read Full Thread Reply
13/5/2018 07:31	rivaldo: Numis' exact new forecasts are as follows: to 30/9/18 : 35.1p EPS, 9.5p dividend to 30/9/19 : 39.7p EPS, 10p dividend So in just a few months' time, RNWH will be on a P/E of only 10. Too low imho. It's easy to see Numis' 500p target being achieved in good time, as 500p would be a P/E of only 12.6. If this acquisition is as good as it seems to be, it could just be transformational and get the share price quite a lot higher than 500p. Read Full Thread Follow Reply
11/5/2018 09:38	rivaldo: Having done a little investigating, the explanation for the placing price etc is most interesting, and certainly not what I thought :o)) There was a LOT of competition for the QTS acquisition. RNWH had to act very quickly to compete with the all-cash offers being made by others. In normal circumstances this would not have been an issue. However, apparently RNWH are now 40% owned by IHT funds (which surprised me). IHT funds are not allowed by HMRC to hold large cash balances. So, although they wanted to participate, these funds were unable on very short notice to stump up large amounts and could only participate to the extent of available funds. This left a hole in the fundraising. Obviously retail investors could not fill this hole via a rights issue etc due to the necessity for speed. Thus non-IHT institutional investors could demand a larger discount for quick and easy funding. Which they did. The discount was unwelcome and nasty. But overall the level of dilution to RNWH is pretty immaterial given the difference between the actual discount of around 14% and a discount of say 5%-7% which might have been achieved in less pressured circumstances. Hopefully looking back in a year we'll find the share price at 500p or whatever and the acquisition will have begun to pay off on its obvious potential. Read Full Thread Follow Reply
09/5/2018 08:29	shanklin: I guess the question is whether some of these "new and existing shareholders" will be happy to make a quick if small turn on their £3.55 purchases and push the share price briefly down towards that level. Read Full Thread Follow Reply
09/5/2018 08:23	rivaldo: On reflection, the share price was around 380p-385p only a month ago. Given the size of this deal, it's likely that it's taken a while to complete. I suspect that the placing price was agreed when the deal was first mooted, when 355p wouldn't have looked unreasonable. The subsequent rise in April has left the places well placed, but Numis rather red-faced. The acquisition does look very good. Occasionally there are situations when the share price rises nicely post-placing as demand comes in. This may well be one of those occasions if all goes well. Read Full Thread Follow Reply
09/5/2018 07:23	rivaldo: Yep, looks very good - particularly the "materially earnings-enhancing" part: Https://www.investegate.co.uk/renew-holdings-plc--rnwh-/rns/acquisition-and-placing/201805090700084321N/ The acquisition of another company involved in non-discretionary expenditure from Network Rail is another big plus for me. However, the placing price is pretty poor. Numis can't have worked very hard for their fee. And some must have got wind of the placing price last night given the late share price fall..... At least the director have put some more skin in the game by participating - though the placing price makes this somewhat of a no-brainer. If all goes well, the quality of the deal, and its size, will support the share price. Read Full Thread Follow Reply
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." Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
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..... Read Full Thread Follow Reply
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. Read Full Thread Follow Reply

Renew Holdings share price data is direct from the London Stock Exchange

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