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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 +1.11% 365.00p 43,697 16:35:05
Bid Price Offer Price High Price Low Price Open Price
365.00p 369.00p 367.00p 361.00p 361.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 541.47 30.33 13.60 26.8 274.7

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Renew Holdings (RNWH) Discussions and Chat

Renew Holdings (RNWH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:35:05365.00414.60UT
15:52:47370.006,71924,860.30O
15:35:47366.001,8906,917.40O
15:30:40366.008503,111.00O
15:27:56369.002,86510,571.85O
View all Renew Holdings trades in real-time

Renew Holdings (RNWH) Top Chat Posts

DateSubject
23/1/2019
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 361p.
Renew Holdings has a 4 week average price of 330p and a 12 week average price of 330p.
The 1 year high share price is 460p while the 1 year low share price is currently 330p.
There are currently 75,267,507 shares in issue and the average daily traded volume is 68,430 shares. The market capitalisation of Renew Holdings is £274,726,400.55.
22/1/2019
08:31
hopeful holder: I hate to mention the Brexot word but just wondered how much impact this may be having on the share price.It was'nt that long ago I was seeing a share price gathering pace to £6.Best wishes to all.
14/12/2018
07:52
harrogate: Don't think there is any chance of a share price recovery until the issue that is causing it disappears and I am sure that is the current chance of an election and then a labour government. This share should be rock solid as there can't be many that are as certain to hit its numbers so it must be the political risk which could get worse from here. One of my core holdings so a painful year for me for sure
13/12/2018
16:39
thecroots: Seems crazy that share price won't recover although i suspect when she does start to recover she will do so quickly!
27/11/2018
07:31
rivaldo: Pretty good results and outlook at first glance. The headline 35.5p adjusted EPS is up from last year's 33.4p, but the comparative has been adjusted upwards only due to the new rules on discontinued businesses. Adjusted operating profit is up 10% year on year, and the 10p dividend is now a decent yield at this share price. Most importantly, the Engineering order book is up a whopping 16% to £510m. QTS is integrating well. And telecoms are looking up at last: "During the year the Group were awarded new frameworks for Telefonica in the North and London on their latest network programme. We have also expanded our customer base with national programmes being delivered for BT Link and on the Emergency Services Network." The outlook is confident: "we have good momentum going into 2019 and look forward to delivering on our strategic priorities over the next 12 months."
31/10/2018
07:56
harrogate: Yes - I had 3 main worries about RNWH a couple of months ago - Has the QTS deal gone well, would the budget mess with IHT relief for AIM shares ( RNWH is a core holding for many AIM funds) and will they win what they need to win in CP6 rail programmes ( and could this be impacted if a general election and a labour government messed with this ). The first 2 have gone so we are left with the last worry - This is now getting cheap at 9x times this year and yielding more than 2.75%. Hard to understand really other than being dragged down with the rest of the shares that had actually gone up this year!! Life is so unfair! You would have thought that any positive news on CP6 rail is going to be significant for the share price. My searching on that well known search engine doesn't seem to have anything current on likely announcements of the CP6 awards
02/10/2018
13:24
harrogate: I have no doubt that now we know the QTS deal has bedded in, that the share price is down here until 1) we know that they have won their share of Rail CP6 and 2) that the chance of an imminent labour government recedes and/or their view of how they will run rail becomes clear. In terms of growth this story is now all about Rail
01/10/2018
06:09
rivaldo: Encouraging year end trading update today, nicely in line with expectations. The share price should now start to move up towards analyst targets of 580p, with 39.4p EPS forecast for this year and a current year P/E barely above 10: Https://www.investegate.co.uk/renew-holdings-plc--rnwh-/rns/year-end-trading-update/201810010700033738C/ In particular: - Engineering Services gets stronger and stronger - margins are up - order books are up - debt is in line with expectations Most importantly, the large QTS acquisition appears to have been a very good one and has gone "extremely well".
11/5/2018
08:38
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.
09/5/2018
06:23
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.
20/4/2018
11:03
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."
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