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Renew Holdings Share Price (RNWH)



Share Price Information for Renew Holdings (RNWH)


Share Price: 399.00Bid: 393.00Ask: 398.00Change: 6.00 (+1.53%)Riser - Renew Holdings
Spread: 5.00Spread as %: 1.27%Open: 390.00High: 400.00Low: 390.00Yesterday’s Close: 393.00

Renew Holdings Plc Ord 10P

Renew Holdings is listed in the FTSE AIM All-Share
Renew Holdings is part of the Support sector






Share Price SpacerPrice
399.00
Share Price SpacerBid
393.00
Share Price SpacerAsk
398.00
Share Price SpacerChange
1.53%6.00
Share Price SpacerVolume
24,950
Share Price SpacerOpen
390.00
Share Price SpacerHigh
400.00
Share Price SpacerLow
390.00
Share Price SpacerClose
393.00
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 75.27m £300.32m 1,000

52 Week High 464.75 52 Week High Date 30-OCT-2017
52 Week Low 355.00 52 Week Low Date 5-FEB-2018

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
18 14,199 10,751 20.050 19.90 8.35 2.09


London South East Users info for Renew Holdings




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

23-Jul-18
13:54:13
399.00
270
Buy* 
393.00
399.00
1,077
Trade Type:
Automatic execution

23-Jul-18
13:47:20
398.40
4,015
Buy* 
393.00
399.00
16.00k
Trade Type:
Ordinary

23-Jul-18
13:42:42
399.00
269
Buy* 
393.00
399.00
1,073
Trade Type:
Automatic execution




View more Renew Holdings trades >>

Directors Deals for Renew Holdings (RNWH)
Trade DateActionNotifierPriceCurrencyAmountHolding
21-Jun-17Sell
Trade Notifier Information for Renew Holdings
John Bishop held the position of Non-Executive Director at Renew Holdings at the time of this trade.
 John Bishop
451GBX2,5009390
13-Jan-17Exercise of option
Trade Notifier Information for Renew Holdings
John Samuel held the position of Group Finance Director and Company Secretary at Renew Holdings at the time of this trade.
 John Samuel
0112,518265548
13-Jan-17Sell
Trade Notifier Information for Renew Holdings
John Samuel held the position of Group Finance Director and Company Secretary at Renew Holdings at the time of this trade.
 John Samuel
434GBX112,518265548
View more Renew Holdings directors dealings >>


rivaldo
Posts: 5,453
Opinion:Strong Buy
Price:409.00
Positive interview with CEO
7 Jun '18
Brief interview with the CEO here:

Https://www.insidermedia.com/insider/yorkshire/renew-targeting-growth-following-80m-acquisition

"Renew targeting growth following �80m acquisition

Renew Holdings, the listed engineering services group, is targeting further growth both organically and through acquisitions following a recent �80m deal.

Earlier this month (May 2018), the Leeds-based group agreed a deal to acquired QTS Group, a Scotland-headquartered rail contractor with bases across the UK.

The company reported an operating profit of �12.9m on �262.2m turnover in its interim results for the six months ended 31 March 2018.

Chief executive Paul Scott told Insider: "QTS adds in the region of �70m in revenue to the group. The priority for the rest of the financial year is to integrate it successfully. Thereafter, we'll look to grow organically and will focus on the synergies between the businesses.

"One of the key attractions of QTS is that it has pushed out across the regions and now operates nationally across the rail network. It fits strategically with our existing business."

Scott added that further growth is being targeted following the integration of QTS, both organically and through acquisitions.

He said: "We're targeting organic growth across our three main sectors. In infrastructure, we renewed our place on the Civils and Buildings Asset Management Frameworks. We also secured a place on the Environment Agency�s Flood and Coastal Risk Management Framework.

"We will also continue to be acquisitive. We're looking at the markets that we understand and are looking for businesses we're familiar with but we'll consider all options."
rivaldo
Posts: 5,453
Opinion:Strong Buy
Price:400.00
The IC says Buy today
22 May '18
and concludes as follows:

"IC View

The plethora of challenges means shares in Renew have traded sideways for several months, despite recent earnings upgrades. We don't think a forward price to earnings value of 11 times fully accounts for the potential of the QTS acquisition and the recovery in the wider group. Buy."
rivaldo
Posts: 5,453
Opinion:Strong Buy
Price:397.00
Numis: Buy with 500p target
22 May '18
Numis retain their Buy and 500p target - their annualised P/E is only 9.9:

"RENEW (BUY 500P)

Interims results in line and positive outlook, key points:

1. Interim PBT of �12.5m was in line with NSe and we look to maintain full year results for this and next year (9/18E PBT �29.1m, EPS 35.1p, 9/19E PBT �37.1m, EPS 39.7p), though would point out that we recently increased estimates by +2% and +9% respectively to take account of the QTS acquisition. DPS was increased 11% to 3.33p.

2. H1 net debt of �2.5m was in line with NSe and also in keeping with comments initially made by management at the AGM about the impact of 'slower than usual payment profile' which we argued at the time related to Renew's rail business. Management indicates that recovery of this is progressing as expected, and we continue to expect that total quantum of the WIP increase to be recovered will be c.�7m and we also retain our FY net debt figure (which was adjusted at the time of the QTS acquisition to account for the portion of debt funding for the deal).

3. Engineering Services profit was marginally ahead of last year when treating Forefront as a discontinued activity (disposed in February), and revenue reflected both some H1 adverse weather impact and also a flat profile as the Rail CP5 programme comes to a close. EBIT margin rose from 5.6% to 5.8% over this period, however, and with orderbook +9% (showing progress across all three parts of the division) plus the expected shift upwards in rail spend from 2019 onwards, we expect resumption in top-line growth in H2 and beyond.

4. Specialist Building continues to operate a highly selective approach so while we expect some normalisation of revenue back toward NSe �72m for the full year (and H1 revenue was some 24% below last year), we expect the full year EBIT contribution to be flat.

5. Conclusion. Interims as expected, though it is comforting that rail-related working capital flows are being recovered in line with expectations and that management confidence about the outlook in rail remains positive. Elsewhere, in both Engineering Services and Specialist Building, trading is in line with expectations.

Post the QTS acquisition, the shares offer an attractive mix both in terms of rail exposure (ahead of the major shift up in opex spend from 2019 onwards), and scope to organically grow in other areas of non-discretionary infrastructure opex.

Moreover, the 13% EPS growth we forecast for next year looks attractive given the 12/18E annualised P/E of 9.9x, and we believe Renew merits a forward P/E nearer 12x given track record and outlook. We retain our target price and BUY recommendation."
rivaldo
Posts: 5,453
Opinion:Strong Buy
Price:400.00
Looking good for the year ahead
22 May '18
Interim results are out. The historic numbers are flat. However, the order books have grown nicely, and in H1 Engineering Services was up in terms of profitability despite slightly lower revenues. The Specialist Building division has had a harder time, which has dragged the overall figures down.

With Engineering's order books up 9%, the exit from Forefront and the earnings-enhancing QTS acquisition, the reasons for optimism for H2 are clear.

With expected revenues for the year to September already fully secured, achieving forecasts of 34p-35p EPS shouldn't be a problem, and there may even be a beating of expectations if all goes well.
rivaldo
Posts: 5,453
Opinion:Strong Buy
Price:391.00
RNS: Polar Capital buy more than 5%
17 May '18
Polar Capital have bought 3.84m shares and now own more than 5% of RNWH:

Https://www.investegate.co.uk/renew-holdings-plc--rnwh-/rns/holding-s--in-company/201805161540103265O/
View more share chat for Renew Holdings (RNWH) >>







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