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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Renew Holdings Plc | LSE:RNWH | London | Ordinary Share | GB0005359004 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -4.00 | -0.42% | 940.00 | 293,908 | 16:29:55 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 940.00 | 944.00 | 946.00 | 935.00 | 940.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gen Contractor-oth Residentl | 921.55M | 43.38M | 0.5482 | 17.15 | 743.86M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:50:45 | O | 21 | 937.594 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 09/4/2024 | 10:01 | ALNC |  Renew buys Route One for GBP5 million to boost highways offering |
| 09/4/2024 | 07:00 | UK RNS | Renew Holdings PLC Acquisition of Route One |
| 02/4/2024 | 09:56 | ALNC | Renew Holdings performs in line with strong demand across key markets |
| 02/4/2024 | 07:00 | UK RNS | Renew Holdings PLC H1 Update, Directorate Change & Notice of Results |
| 28/2/2024 | 07:59 | UK RNS | Renew Holdings PLC Holding(s) in Company |
| 30/1/2024 | 11:39 | UK RNS | Renew Holdings PLC Result of AGM |
| 30/1/2024 | 09:58 | ALNC | IN BRIEF: Renew Holdings reports strong quarterly trading ahead of AGM |
| 30/1/2024 | 07:00 | UK RNS | Renew Holdings PLC AGM Statement |
| 21/12/2023 | 10:29 | UKREG | Renew Holdings PLC Holding(s) in Company |
| 21/12/2023 | 07:00 | UKREG | Renew Holdings PLC Annual Report & Accounts and Notice of AGM |
Renew (RNWH) Share Charts1 Year Renew Chart |
|
1 Month Renew Chart |
Intraday Renew Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/4/2024 | 22:43 | Renew Holdings - formerly Montpellier - big sales, big profits | 10,197 |
| 13/3/2024 | 19:45 | this share is shat | 15 |
| 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 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-04-24 16:50:45 | 937.59 | 21 | 196.89 | O |
| 2024-04-24 16:15:34 | 943.81 | 282 | 2,661.53 | O |
| 2024-04-24 16:14:53 | 939.99 | 2,956 | 27,786.19 | O |
| 2024-04-24 16:13:59 | 940.11 | 700 | 6,580.75 | O |
| 2024-04-24 16:12:51 | 942.58 | 745 | 7,022.23 | O |
| Top Posts |
|---|
Posted at 24/4/2024 09:20 by Renew Daily Update Renew Holdings Plc is listed in the Gen Contractor-oth Residentl sector of the London Stock Exchange with ticker RNWH. The last closing price for Renew was 944p.Renew currently has 79,133,889 shares in issue. The market capitalisation of Renew is £743,858,557. Renew has a price to earnings ratio (PE ratio) of 17.15. This morning RNWH shares opened at 940p |
Posted at 03/4/2024 13:49 by rivaldo Today's news from Network Rail looks good for RNWH - Network Rail have announced £2.8 billion of expenditure in the next 5 years to protect railways from climate change and extreme weather.They particularly note repairing railway cuttings and embankments, improvements in drainage, anti-flooding measures etc which are RNWH's bread and butter. In addition, there's a £19.3bn spend on replacing old assets with new ones and investing in projects such as digital signalling, with £12.6bn earmarked for maintenance - again all grist to RNWH's mill: |
Posted at 03/4/2024 07:42 by rivaldo The respected columnist Richard Beddard has just carried out a thorough analysis of RNWH to conclude whether to buy shares for his ongoing Decision Engine portfolio.He scores RNWH with 7 out of 10, which indicates it's good value, and will be returning to potentially buy RNWH if one of the existing portfolio members is sold or excluded for some reason: |
Posted at 02/4/2024 07:21 by rivaldo Yep - you can always rely on Renew :o))From memory the broker commented that RNWH have always either beaten or met expectations since 2006, and that continues today. Once again RNWH is trading nicely in line and experiencing "strong demand for its services across all key markets", with "excellent" visibility for H2 given the order books and long-term framework contracts. Last year's H1 update was worded almost exactly the same, and RNWH ended up beating expectations by some margin. The cash pile was up to almost £36m at the year end, so should have increased further since and provides a healthy backdrop to likely acquisitions soon. |
Posted at 05/3/2024 08:49 by rivaldo 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: |
Posted at 19/12/2023 10:44 by rivaldo As promised, a few more details on Numis' update note. They say Buy and raise their target price to 950p.They conclude interestingly that RNWH's "financial characteristics and track record" increasingly look like UK services value providers rather than outsourcers and contractors, and RNWH trade at a 30% discount to the former. They see the current £35.7m cash pile increasing to £57m by next September, enabling further acquisitions. Their EPS forecast - as always! - is incredibly conservative for this year at 63.6p (up from 63.3p EPS last year), but once again this leaves room for plenty of upgrades during the year. A few snippets: "Resilience and differentiation Renew delivered record FY23 results in line with or slightly ahead of our upgraded expectations, a testament to the resilience of the business model and differentiated offer even amidst challenging macro conditions. With the Group having made a strong start to FY24E we upgrade FY24-25E EBITA by 5-7%, continuing the track record of positive earnings momentum. This, allied to a strong balance sheet offering ample scope for further value and capability-enhancing M&A, means we remain enthused despite the strong recent share price performance. We increase our PT to 950p (10.5x FY24E EV/EBITA) and retain a BUY." "Collaboration benefits: As outlined at the FY22 and 1H23 Results, collaboration between operating companies is helping the Group access framework opportunities that were historically out of reach, contributing to the strong organic growth delivered in the period. We think collaboration is a key competitive differentiator for Renew, and could help sustain above-market organic growth in future years." "Maintenance and renewal over enhancements: The statement notes that in a weak macro backdrop the Government is often prioritising investment in maintenance and renewal of existing infrastructure, rather than large-scale enhancement projects. We think this plays into Renew's strengths in both the short term, and longer term (as ageing infrastructure requires greater spend on renewal and maintenance)." |
Posted at 29/11/2023 08:37 by harrogate A very solid set of results and the share price recovery fully deserved. It was disappointing to see the net margin reduced from 6.9% to 6.6% and forecasts don't show it recovering. We now sit at the 5 year average PE of 12 and with Numis showing EPS flat for FY24 at 63.6p EPS due to a higher tax charge, I still don't see what will shift us to a higher rating. The dividend at under 30% of EPS seems miserly and that is not helping. It is to be hoped that this hoarding of the cash is because they have an eye on a significant deal that will give a step change in EPS. With the £80m facility they put in place a year ago they have the firepower for something sizeable. That would put some momentum behind the share price.I don't know if it really makes a difference but their communication with PIs is shocking. A nice presentation to view on line but almost all companies of this size are doing IMC or similar presentations where we can ask some questions and hear what management have got to say. A strong hold for sure as almost zero chance of missing their numbers |
Posted at 03/10/2023 08:14 by rivaldo Agreed rimau. I've already addressed Harrogate about this before, so will repeat my prior post as they render his point about EPS forecasts completely redundant.Forget the conservative broker forecasts going forward - they've always been irrelevant in the past and they will likely continue to be so. For newbies, I repeat....In Jan'17 the forecast to Sept'19 was 35.8p EPS. RNWH achieved 40.5p EPS. In Jan'18 the forecast to Sept'20 was 37.9p EPS. RNWH achieved 40.9p EPS - even with six months of Covid! Prior to that RNWH beat forecasts from earlier years in each of 2016, 2017 and 2018. Since then EPS has grown from 40.5p EPS to Sept'19 to 59.3p EPS to Sept'22 - almost 50% in 3 years, always beating broker forecasts. And that's with Covid. - so it's best to ignore forward broker forecasts, which are evidently and traditionally conservative not only in terms of organic growth but also because they (rightly) exclude potential earnings-enhancing acquisitions - the perception of RNWH is shifting to a more exciting proposition with high visibility of future income, yet also involvement in multiple long term growth sectors and much less contract risk than other sector comparators - institutions love companies which consistently outperform and have high security of income. Thus over time RNWH should benefit from a double whammy of outperforming or at least meeting conservative forecasts and a re-rating from the current multiple to one more befitting of RNWH's record, i.e imo around 15-16. And to update regarding this year to Sept'23, we now know that RNWH have yet again beaten forecasts. In Oct'22 Numis were forecasting 55.4p EPS for the year to Sept'23. It's now likely that RNWH will have achieved between 63p-65p EPS. Another significant outperformance. The various analysts covering RNWH have converged around a price target of 900p-950p. I see no reason why the share price shouldn't move towards this from here, with further upside from acquisitions and/or trading statements. |
Posted at 13/6/2023 10:45 by rivaldo Once again, forget the conservative broker forecasts going forward - they've always been irrelevant in the past and they will likely continue to be so.For newbies, I repeat....In Jan'17 the forecast to Sept'19 was 35.8p EPS. RNWH achieved 40.5p EPS. In Jan'18 the forecast to Sept'20 was 37.9p EPS. RNWH achieved 40.9p EPS - even with six months of Covid! Prior to that RNWH beat forecasts from earlier years in each of 2016, 2017 and 2018. Since then EPS has grown from 40.5p EPS to Sept'19 to 59.3p EPS last year - almost 50% in 3 years, always beating broker forecasts. And that's with Covid. - so it's best to ignore forward broker forecasts, which are evidently and traditionally conservative not only in terms of organic growth but also because they (rightly) exclude potential earnings-enhancing acquisitions - the perception of RNWH is shifting to a more exciting proposition with high visibility of future income, yet also involvement in multiple long term growth sectors and much less contract risk than other sector comparators - institutions love companies which consistently outperform and have high security of income. Thus over time RNWH should benefit from a double whammy of outperforming or at least meeting conservative forecasts and a re-rating from the current multiple to one more befitting of RNWH's record, i.e imo around 15-16. The various analysts covering RNWH have converged around a price target of 900p-950p. I see no reason why the share price shouldn't move towards this from here, with further upside from acquisitions and/or trading statements. |
Posted at 17/5/2023 08:57 by rivaldo There are many things to say about that post :o))- back in December'20 the forecast to Sept'22 was for 45.4p EPS. RNWH actually achieved 59.3p EPS - beating that forecast by a whopping 30% - similarly, back in Sept'20 the forecast to Sept'21 was for 40.8p EPS. RNWH actually achieved 50.1p EPS - so it's best to ignore the broker forecasts, which are evidently and traditionally conservative not only in terms of organic growth but also because they (rightly) exclude potential earnings-enhancing acquisitions - the perception of RNWH is shifting to a more exciting proposition with high visibility of future income, yet also involvement in multiple long term growth sectors and much less contract risk than other sector comparators - institutions love companies which consistently outperform and have high security of income. Thus over time RNWH should benefit from a double whammy of outperforming or at least meeting conservative forecasts and a re-rating from the current multiple to one more befitting of RNWH's record, i.e imo around 15-16. The analysts covering RNWH have converged around a price target of 900p-950p. I see no reason why the share price shouldn't move towards this from here, with further upside from acquisitions and/or trading statements. |
Posted at 05/4/2023 15:57 by lammylover RNWH share price being deliberately held below 700p to shake out loose shares. Up at 5% earlier, before ATs really kicked in, to drive price down yet again..I'm expecting 700p to be breached soon.. |
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