Member Info for boldboy

The borrowings for this acquisition were reported in the RNS annoucement as 12m over 4 years as was the Clarke acquisition, both over a repay of 4 years. .As you say Dyna, repayments are covered on profitability if it is proifitable,The profits on the Parent group year ending were based on a no debt scenario.Now the group is loading itself with debt buying companies that are at best low earning and at worst non earning so I can see a tricky couple of years with the construction division of Renew Group being very marginal for the full year. As I said in a previous post the restructuring of the group into an infrastructure services organisation needs a divest of some of the non core activities ,as yet that is not happening.

The acquisition of this company adds on another £12M to the group Debt bringing circa £25m in the last 4 months,The vendor sold it probably because of those less than sparkling figures at year end. With the synergys within Renew Holdings it is going to be an internal cash flow generator but not exactly the kind of add on I would like to see ,especially with the founder at the helm ,in my experience never bodes well tends to feel like a demotion answering to someone else after running a company. Hope it goes well but I think the group is diversifying a little to much.

Thanks for your support and let me assure you that any decision made regarding the sale of my shares are based on instinct . I have never bought shares on the type of criteria that you use and obviously my stockpicking is done on what I know about certain companies and the market they're in.I also traded in lloyds when they were 25p during the crash and bought and sold two are three times a week on two and threepence movements,when a share as a spread of one quarter of a penny you can make money that way. Now it as stabilised it might be time to go back in and look for growth again. You are a very experienced trader and analyst and I respect your approach and it works for you . Renew are fundamentaly a good stock with a clear vision and a superb management but I feel they have stalled and the construction division is holding them back from there true potential,it will not be easy or profitable to dispose of what are now non core activities so the upward surge of the share price will now falter until some radical decisions have been taken .That time lapse is getting in the way of my target so that is why I have sold. Good luck to you all in the stock and I hope it does well.

You are obviously a clever fellow who has'nt even done your homework before putting your feeble brain into drive. First of all its not my first post .and secondly if £347k profit in 30 months is idiocy then I am an idiot . Don't make any more comments on this subject the hole is deep enough already.

Hi fellow investors Just a word in recent comments by Mogie and others I have been investing in this stock on and off since it was Y J Lovell and in those days the shares were 10p I have been through the Mill when they were montpellier and attacked by the animal rights group and personally threatened as a shareholder, but suffice to say I have stuck with them and traded in and out for years making modest profits. I was in negative equity during the crash and recession but just stuck it out. Over the last two years I have invested heavily at circa 80p noting that they were about to regain there pre crash status but to be honest I never expected them to got to 250 .I have set my stall out for £5 like others but I have decided after reading the half term results that £5 may be too long in the making. The worrying part for me as a contruction guy is the performance of that aspect of the group. On increased turnover of 17% the profit is static and £1m margins of profit can quickly switch from + to - in the building game. These are supposed to be niche markets that or operated in but the only one I can see is the Walter Lily side who need very experienced artisans which are in short supply therefore slowing the growth up. The affordable housing building side is fraught with attack from all sides Both political and financial. And refitting supermarkets is another minefield of cost impacts. So after due considereration I have sold my 220k of shares and looking for new pastures ,I'll let you work out the profit.

I did promise you all some exiting news and as with all of these things timing is of the essence.The consolidation into a Infrastructure services group is now a reality in all but two or three members of the group I would expect disposal of non core activities in the medium term, watch this space.

As Rivaldo as diligently spotted Shepley engineers are in the box seat and as they are excellently placed for more of the same watch for some more exciting news,With all the strings to the bow this group as it is unlikely that this stock is going anywhere but up.Add to this the update on friday regarding the Amco Contribution from recent activities, then the weekend annoucement from Network rail regarding £billions of infrastructure spending,which is were Amco is a main player.

The Bad weather and floods are another bonus to Renew, the disciplines it operates in cover the whole spectrum of environmental improvements in structures so every cloud as a silver lining for the shareholders.

Already pointed out the attractive values of this company earlier this year and these latest annoucements and acquisitions show what a top class management team and Board are in place.The forward order book and specialist diciplines of this group make it one of the most exciting prospects in this sector for sometime.When and not if the predators start knocking on the door it will be a cat fight to own this group which should be reflected in the price the winner as to pay.

There have been some significant changes in the past couple of months in the share ownership Hargreave Hale as upped its Holdings to over 15% which along with Octopus investments give them over 30% of the stock the other two major shareholders have another 12% which means that nearly 50% of the companies stock is held by four decision makers. These factors including low debt make them vunerable to a predator who will have to pay a premium, watch this space.

Funny that, bit of speculation at 10 am regarding takeover coincides with a half a million share purchase one minute before the market closes for the weekend.There is definitly something going on here.

This company in light of recent events (May G Cost /Kier)bid is a strong candidate for a takeover from one of the big boys probably an international.If you look at the structure of Renew it as some tasty ingredients. It is not a bog standard builder or road layer it as highly specialized difficult market entry companies within the group which larger companies have to use wether they like it or not . In my experience that usually leads to those companies saying why are we paying these for services when we could own them. Watch this space we could see some action when it is least expected.