Renew Holdings Share Price (RNWH)

Great to see a £57,000 buy at 441p at the close......hopefully bodes well for more to come.

Another strong move up today. Buying coming in at 434p now, and the bid price is up to 425p.

It seems that sentiment is at last changing for the better here. Deservedly so.

Encouraging to see the bid price up to 410p, where it's not been for a while. Online looks good too - you can only buy a maximum 6k at 420p, whilst you can sell 10k at 411p.

RNWH looks extremely undervalued now imho given the prospects, secure revenues and single-figure P/E.

EDIT - the offer price is now up to 425p.

Thank you.

Tipped overnight on Master Investor as one of three companies ready to bounce:

Https://masterinvestor.co.uk/equities/aim-to-bounce-back/?utm_source=Daily+Bulletin&utm_campaign=b068ee4e8c-Daily_Bulletin_20191128&utm_medium=email&utm_term=0_25eff0bb7f-b068ee4e8c-34898813

Conclusion:

"Overall, I believe that the shares look like a good bet, with management being a particularly good asset here. What’s more, the business is strongly cash generative, with a £16.6 million inflow from operations in 2018, and the current order book represents just over a year’s worth of historic revenues.

Notable growth opportunities come from Network Rail’s current Control Period 6 (CP6) five-year financial period, which has had £48 billion allocated to its budget, with an increase of around 25% in planned spending on operations, maintenance, support and renewals activities, compared to CP5.

Renew shares have slipped a few percent since the October trading update, which seems unfair given that it was in line and there were no negative points.

In September this year, analysts at Peel Hunt initiated coverage on the shares and slapped on a 500p target price, implying upside potential of 33%. Top management seems to agree with that view, with the chief executive, chief financial officer and another director recently splashing out a combined £50,000 on buying the shares."