sound money
29 Nov 2016
Re: New framework win for Clarke Telecom Thanks gretel for keeping us informed. Looking to take a position here. Just biding my time.M
gretel
29 Nov 2016
New framework win for Clarke Telecom Excellent news - Clarke Telecom have won a place as a supplier on this new £200m infrastructure framework:[link] "Home Office awards £200m ADB agreement to support ESN Neil Merrett Published 25 November 2016 Five suppliers take places on new framework designed to undertake a series of competitions to implement, construct and manage passive infrastructure requirements for ESMCP The Home Office has awarded a £200m valued framework agreement to design, develop and support key infrastructure that will underpin the Emergency Services Network (ESN). In total, five suppliers have been awarded places on the Acquire, Design and Build (ADB) agreement. This will be used to procure a number of functions including the acquisition and management of greenfield sites on which to build “passive infrastructure” such as radio and transmission bases and masts. ESN is the government’s chosen option to replace the existing Airwave service used by key responders as part of a procurement exercise currently broken up into three separate lots. The network is intended to serve as an interoperable communication service that will make use of the existing commercial 4G network to try and save costs as part of a service overhaul in the form of the Emergency Services Mobile Communications Programme (ESMCP) launched in 2011. The award of the ADB framework represents a wider focus as part of ESMCP to provide additional products and services within dispersed geographical areas to ensure ESN can be more effectively delivered nationwide. Out of nine tenders received by the Home Office, the suppliers awarded places on the framework include Ericsson, Obelisk Communications and Lend Lease Construction. Clarke Telecom and Daly International are also included.etc"
gretel
25 Nov 2016
RNS : Hargreave Hale buying more They're now up above 15%, with 9.39m shares. Their last disclosure was for 8.75m shares, so they've actually bought 640,000 shares since then:[link]
gretel
25 Nov 2016
Tipped by Questor today Here's the tip...."Questor: This Aim stock offers growth, dividends and a way to avoid inheritance tax Richard Dyson | TelegraphToday's addition to the Income Portfolio is a long term Questor recommendation.The Aim-listed Renew Holdings (LSE: RNWH.L - news) , first tipped a buy at 289p in September 2014 and updated a buy again in June this year at 362p , remains attractive now at 392p.Results earlier this week for the year ending September confirm the original attractions.This is a cash-generative, low-debt business that has evolved away from traditional construction into highly specialised engineering services. Its lengthy contracts make earnings highly visible. Margins are healthy and rising, and the order book is growing.More than three quarters of revenue arise from the engineering support operations, where customers tend to be operators of nationally critical energy or transport assets and include the Nuclear Decommissioning Authority and Network Rail.While this might limit margin growth overall, it gives security.The technical nature of much of Renew’s engineering, and the highly regulated fields in which it operates, mean barriers to competitor entry are high.Renew divisions are responsible for cleaning nuclear waste at Sellafield, for example, as well as maintaining distribution networks for other forms of energy including gas. The company is growing its specialisms and access to new contracts through acquisitions.In February it spent £235,000 buying a specialist nuclear decommissioning business; in October it bought for £7m Giffen Holdings, a provider of signals and power systems for overground railways and the London Tube.Revenue for this main part of the business was £436m, with underlying growth for the year of 3pc.The second, smaller arm of Renew is a specialist builder providing ultra high-spec property services. These are mainly residential, involving, for instance, the creation of luxurious basements for London townhouses.They also include civic projects such as building Damien Hirst’s Newport Street Gallery in south London and maintenance work on the Palace of Westminster. The residential work is so specialist and so upmarket it is “untouched” by Brexit, tax changes and other drags on the upper echelons of the housing market, Renew says. Revenue for this division rose from £79.5m to £90m. This holding sits within Questor’s Income Portfolio not so much for its yield today (a modest 2.5pc) but because it offers growth and dividend growth. As regular readers of this Friday page will recall, the project is to build a sustainable portfolio delivering 5pc income. More than half of the £500,000 set aside for this purpose has now been invested in a range of shares, corporate bonds, permanent interest bearing shares and quoted funds.Some £20,000 (4pc) of the portfolio will be invested in Renew.Questor says: buyTicker: RNWH"
erasser
25 Nov 2016
Daily Telegraph Renew added to Questor's Income Portfolio today as a long term recommendation.
gretel
24 Nov 2016
Autumn Statement good for RNWH In addition to the digital signalling work for Giffen Group, RNWH's Clarke Telecom should also get some work from the proposed 5G rollout.Here's a specific mention for RNWH as one of the winners from the Autumn Statement, from Russ Mould, investment director at stockbroker AJ Bell:[link] continued, ‘Infrastructure plays such as.....Renew Holdings will doubtless welcome more spend on road and railways"
gretel
23 Nov 2016
£450m signalling cash benefits RNWH? Today's Autumn Statement noted "that the government will spend £450m of the NPIF cash on trials for digital signalling technologies on the rail networks, with an aim of expanding capacity and improving reliability":[link] just so happens that the Giffen Group - acquired by RNWH just 3 weeks ago - specialises in "the capability to design, install, test and commission major signalling projects":[link] 
))
gretel
23 Nov 2016
Tipped on T.M.F Based on over 32p EPS forecast this year, the current year P/E is actually only around 12 now.This is now looking very good value imho:[link] has shown good PEG valuations in recent years, and though forecasts suggest a bit of a rise to 0.7 in the coming year, I think that's still within an attractive growth range. With a forward P/E of 12.3, I can see a small cap growth opportunity here, and with a market cap of £240m company, I don't think the risks are too great."
wineberry
22 Nov 2016
Re: results Good, solid results as expected, and no debt which is commendable. PE is, I think, around 16.5 which does not seem expensive to me for a growth company. Brokers or investors must have been expecting an awful lot if they think that today's results justify the sell-off. A buy in dips, in my opinion.
gretel
22 Nov 2016
Numis increase price target to 450p Numis have increased their price target to 450p (from 390p):[link] also noting that this week's floods will likely give rise to lots of short notice additional work in terms of (a) alleviation and (b) rail repairs for Network Rail a la Dawlish - for example, there's a big operation going on in Exeter where the line will be closed for at least 2 days due to flood damage.
dazedandconfused
22 Nov 2016
Re: Decent results, excellent outlook Morning market seems to think otherwise (or perhaps market makers pushed it up pre-results)
gretel
22 Nov 2016
Decent results, excellent outlook Results out and at the top end of expectations with 27.43p EPS and an 8p dividend, plus almost £5m net cash (spent post year-end on the new acquisition).Forecasts for this year are just over 32p EPS, which looks within reach given the increased order books, acquisition etc:[link] optimistic outlook, and order books nicely up, particularly Engineering Services.Looks like gas and telecoms continue to improve too.
gretel
17 Nov 2016
Clarke Telecom starting to thrive? News of Clarke Telecom managing the build-out of two new "massive" masts in the Forest of Dean for Vodafone and Telefonica:[link]
gretel
08 Nov 2016
Further analyst comment FYI a couple more comments from WHI's 1/11 note following the new acquisition and their increased 470p target price: "· Complementary deal This morning's deal from RNWH, the acquisition of Giffen Holdings, shows the company in a good light. We see the new business complementing the existing rail business within RNWH (accounting for over a third of the engineering activity) by providing skill-sets which will enable the company to win contracts in areas that were previously closed to it, notably where the maintenance of a tunnel or bridge required power installation as part of the package from RNWH. · Numerous opportunities This is exciting in itself but we believe that with CP6 coming down the tracks, there will be substantial further opportunities both with existing Network Rail customers and with potential new clients in the regions. With Giffen on board, the company also has the capability to develop in new areas such as signalling maintenance, which has obvious similarities to the existing model of maintaining or repairing assets which are vital to the functioning of the network.· Upgrades on acquisition following recent inline update We have upgraded FY2017E as below, assuming a 5% operating margin on Giffen / £20m revenues."
gretel
07 Nov 2016
RNS : results on 22nd November Results will be out on 22nd November - we already know they'll be good, so hopefully we'll see a run-up beforehand (and afterwards!):[link]
