Dizzy1815
19 Jan 2016
Re: Holdings Geldman, don't get me wrong, this is probably the best share in my portfolio, bought back in last year at 310 and just topped up last week. To see Directors offload for no reason is a concern, they did not make 300% on those if you look at the share dealings. This group has got a huge prospective work load and is well managed, would not surprise me to see 500+ in a year. Dividends increased as well.
geldman
18 Jan 2016
Re: Holdings Why would one be upset when one sees Directors responsible for a 300% increase in the share price cash in their LTIPs?Renew will benefit in 2016 from repairing UK infrastructure damaged by floods and other weather related destruction and it was these Directors that led the company.
Dizzy1815
18 Jan 2016
Holdings I am never happy when I see Directors off loading shares, 400,000 worth £1.5m, especially CEO and Finance Director. However, to see Octopus increasing their holding is nothing but firm faith in the Company. I have held and sold an hold again and topped up last week, this Company has so many strengths and the Industry(s) they operate in, require those strengths and capabilities. They have a long way to go yet! D
claude reins
15 Jan 2016
Re: RNWH tipped in today's IC Never quite sure whether a tip from IC is the kiss of death or something more positive!
gretel
15 Jan 2016
RNWH tipped in today's IC Anyone got the full text?[link] skies ahead for RenewThe recent spate of winter storm damage to railway networks across the UK will have caused much distress to travellers. Yet for Renew (RNWH) - the only national provider of engineering maintenance services to Network Rail - it represents yet another chance to crank up its earnings. And transport is not the only end market from which the engineering services provider is reaping rewards. Through its 10 subsidiaries Renew has a solid track record of winning new work catering to the water utilities, energy suppliers and mobile telecoms operators. And operating in regulated industries means its income stream has a reassuringly high degree of visibility to boot.etc"
IOMINVESTCOM
11 Jan 2016
and trim Renew stake Godber and Hamilton have also trimmed their holding in Renew Holdings (RNWH) to below 5% after the engineering services company hit a new 52-week high when it reached a share price of 405p.The pair have cut their holding to just under 5% of the business worth £12 million at a share price of 391p.The majority of the shares are held in the Miton UK Value Opportunities fund, with the remainder held in the Miton Undervalued Assets fund co-managed by the duo.Renew Holdings provides engineering services for UK infrastructure, environmental and energy markets. Over one year, the shares are up 37.9%.In its latest results the firm reported revenues of £520 million and an adjusted operating profit of £20.4 million for the year ending 30 September 2015. It also announced a dividend of 7p per share[link]
gretel
06 Jan 2016
Lots of catalysts for RNWH There are a number of potential catalysts for a jump in RNWH's EPS figures: - acquisitions : the last acquisition was in August'14, so about time for another one given that RNWH must now be approaching positive net cash - increasing momentum in the gas infrastructure sector for Forefront etc - similarly for the wireless telecoms infrastructure delivery market for Clarke Telecom - increased flood defence/alleviation/repair work as previously outlined
gretel
03 Jan 2016
Tipped in the Mail by Miton Nice plug for RNWH in today's Mail on Sunday....[link] "One of the most memorable images of British storm and flood devastation in recent years – during the winter of 2013 and early 2014 – was that of the demolished railway line on the coast at Dawlish, South Devon. The repair bill for this section of line, which connects Devon and Cornwall with the rest of England, came to £35million. Among the companies invited to come to the rescue was engineering group Renew Holdings – a role that helped boost company profits and also returns for shareholders. Among these is Miton UK Value Opportunities, a young fund whose managers scour the market for shares in firms they believe are not as loved as they should be. Renew is one. George Godber, who runs the fund with fellow manager Georgina Hamilton, says: ‘Renew is one of our best performing holdings since we launched in March 2013.’It fits the bill of the managers’ ‘ideal’ investment: an unglamorous business with a healthy balance sheet whose shares are undervalued, backed by a strong management team. Godber and Hamilton closely study companies’ finances – making sure capital is well spent, cashflow is strong and debt limited or at least managed sensibly. And as added protection – all part of what the pair call their ‘safety check’ approach – no stock they buy can represent more than three per cent of the fund.
tejo
30 Dec 2015
Re: floods etc. I think that it is pretty clear that there will be a huge amount of work in not only clearing up and repairing from the floods but also from the future work needed to try to avoid this happening again. The stoic shown this year will turn to outrage if we are not better protected. Renew is in pole position in one sense, but I question whether they have or could organise the resources needed in addition to their ambitious programme. House builders and construction companies are already facing shortages of both labour and materials and this can only make matters worse. RNWH is still a strong buy and I have added again, but believe there will be constraints.
gretel
29 Dec 2015
Re: floods, and nuclear opportunities The continued tragic and extensive flooding in the North is now even better news for RNWH - not only lots of damage to clean up, but also likely to be decently increased Government expenditure on flood alleviation/prevention:[link]
geldman
08 Dec 2015
300% profit My broker recommended Renew at 99.7p. They have over 13% of the company for their managed accounts and don't appear to have any intention of selling-neither do I. There will have been a substantial amount of work to do on the West Coast Main Line and in helping the unfortunate people who have been devastated by the floods.Not often that one can say that one is running the profits-I have cut several losses this year, on the basis that the first cut is the best cut. I am in grave danger of "falling in love" with Renew but the company is so well managed and throws off so much cash that it bodes well for divi hikes over the next 3 years.
tejo
08 Dec 2015
Re: floods eyc. Quite agree Gretel. sp has doubled since dawlish and 25% increase in profits per annum is, I think a realistic target. I have doubled my investment.
gretel
07 Dec 2015
Re: floods, and nuclear opportunities IMO there will be lots of additional work likely for RNWH on the repair of bridges and rail lines etc a la Dawlish. This year may have a nice early boost.There was a nice mention for RNWH in this week's Shares Magazine as regards the likely growth in its nuclear division.Extracts: "All but one of the UK’s 16 nuclear facilities across nine sites are due to shut down by 2023. Together, those plants generated around one-fifth of the energy consumed in the UK in 2014.""Many of the other businesses with scale in nuclear operate at the decommissioning end of the life-cycle, though this too could remain a growth market as old stations are phased out.Babcock International (BAB), which already operates across 12 nuclear sites as well as the UK’s nuclear submarine base, and engineering services group Renew (RNWH:AIM), which works at 15 sites, are key calls in this space."There are truly staggering opportunities and figures involved: - Western Europe has 150 plants to decommission by 2030 - the UK sites alone will cost £70 billion plus to decommission - the NDA's current year expenditure is £2.91 billion
IOMINVESTCOM
07 Dec 2015
Godber and Hamilton ramp up Renew stake [link]
IOMINVESTCOM
06 Dec 2015
This weekends floods Hi all,Very sad for all those affected by the above even more so at this time of year so condolence to them.One thought I had while watching news tonight is in Carlisle which was badly flooded had 35 million invested to stem the floods was it built by renew or were they involved in some point. Would this be very negative for all involved as big questions will have to be asked why 6 years later owners of properties will go thru the same pain.On the other hand will companies like renew get massive order book for road, bridge repairs three times over ie emergency saw up now, temporary fix before a final resolution plan put in place.Interested to get other views to the above
