Tipped in today's Mail on Sunday1 Dec 2024 07:59
RNWH are re-tipped by Midas in today's Mail on Sunday - subscriber-only, but available for free using certain sites.
And the article doesn't even mention nuclear decommissioning, 5G etc etc.....
Https://www.dailymail.co.uk/money/investing/article-14143101/MIDAS-SHARE-TIPS-UPDATE-tipped-Renew-2012-75p-shares-10-79-come.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
Extracts:
"MIDAS SHARE TIPS UPDATE: We tipped Renew in 2012 at 75p, now the shares £10.79 and there should be more to come
By JOANNE HART
Updated: 16:50 EST, 30 November 2024
The Furness Line between Barrow-in-Furness and Lancaster was rendered impassable after Storm Bert battered the country last weekend. Tracks were flooded and services suspended, to the frustration of thousands of passengers. Renew Holdings was called in to clear up the mess.
Within hours, a specialist team was on hand, using sophisticated kit to pump 450 gallons of water a second from the line. A vacuum pump was driven down the track and excavators put in place to re-engineer the line, even as the rain continued to fall.
Fixing problems is just one branch of Renew's business. The group also works proactively across Britain, upgrading and maintaining railways, roads, energy and water services. Business is brisk. UK infrastructure was once the envy of the world. No longer.
By early next year, 70 per cent of main roads, motorways and bridges will be more than 45 years old and in urgent need of repair. Around £45 billion has been earmarked for rail lines over the next five years, almost £90 billion of investment is expected on the water front and billions more will be needed to re-engineer electricity networks as we move to wind, solar and nuclear power.
Renew is a key supplier to all these industries."
"Companies are swiftly integrated into the group, retaining a degree of autonomy but collaborating with other parts of the business as well.
The approach has delivered consistent expansion for the past 15 years with profits up 80 per cent in the past five years alone and dividends more than doubling in that time.
Midas verdict: Midas first recommended Renew in 2012, when the shares were just 75p. By 2020, the stock had soared to £5. Now they are £10.79 and there should be more to come. UK infrastructure needs a revamp and Renew is working on some of the biggest projects in the country. Existing shareholders should hang on to their stock. Long-term investors might also take a close look at this one."
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