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
  -2.00p -0.49% 404.00p 17,203 13:33:59
Bid Price Offer Price High Price Low Price Open Price
397.00p 405.00p 405.00p 404.00p 405.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 560.8 16.3 19.9 20.3 304.08

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Renew Holdings (RNWH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:26:16401.001,2805,132.80O
12:25:13403.361,3655,505.89O
12:24:42404.0064258.56AT
12:15:11405.00312.15AT
11:49:55396.001,8757,425.00O
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Renew Holdings (RNWH) Top Chat Posts

DateSubject
25/5/2018
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 406p.
Renew Holdings has a 4 week average price of 380p and a 12 week average price of 375p.
The 1 year high share price is 466.50p 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 95,070 shares. The market capitalisation of Renew Holdings is £304,080,728.28.
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.
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.
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.
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.
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.
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.
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.
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.....
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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