Site still under construction.

Just the way I like a company, involved in all the nasties. Forward P/E of only just over 7 and has plenty of cash and assets proping it up. Held the share for over a year now but it looks from the chart that its breaking out once more. Well worth keeping an eye on this one, especially in uncertain markets were it seems to do well. Not a fashionable stock so theres not much research around, but its certainly got a very strong balance sheet. A good strong management team aswell.

Used to be called Montpellier Group MPL.

CHIEF EXECUTIVE'S REVIEW as at last results to 30/9/2005.

In the period to the end of the financial year, and subsequently, I have visited
all of our subsidiary businesses, met our senior staff and visited a large
number of our projects. These visits have enabled me to undertake a detailed
assessment of the performance and prospects for each business. The majority of
the Group's businesses have been profitable for many years and trade under
well-respected and long-standing brand identities operating in selected markets,
defined by specialist activity, regional knowledge and experience.

This review process has enabled me to gain a full understanding of the Group's
businesses and agree with the Board a strategy for the Group going forward.
This is fundamentally a development of the Group strategy which was implemented
last year, focusing on the specialisms of our constituent brands which sets them
apart from others in the market. As mentioned in the Chairman's Statement it is
proposed to change the Group's name to Renew Group Plc to better reflect this
strategy.

The Group's specialist areas of activity are:

Land remediation
Nuclear decommissioning
Social housing
High quality residential
Structural refurbishment
Restoration
Retail
Science and Education
Rail infrastructure

These markets have good future prospects and the Board will look to grow the
Group's operations in each while building on client relationships which have
been developed over many years. All the Group's businesses will continue
developing these relationships to ensure longer term working arrangements and
increased repeat and negotiated business.

Key to the Group's strategic objectives is having an effective and efficient
executive control in place. I have formed an Executive Management Committee
comprising the Managing Directors of the subsidiary businesses, who will all
report directly to me. This new committee will co-ordinate the strategy, across
the Group, sharing knowledge and best practice, and continue to implement key
processes to ensure that we effectively manage all our risks and safely deliver
high quality services.

In addition, control will be enhanced by regular visits to the individual
businesses by me and my senior financial and commercial colleagues to ensure
that all controls are being implemented and that Group policies are communicated
widely.

The specialist differentiators within the Group give us an excellent opportunity
to develop the business further and I am confident that we will deliver reliable
and growing profits in the years ahead.



DYOR.

cheers GF.

Well at least this ones up. Mind from the other big board I see SCSW have tipped it.

yes article on the scsw website

http://www.scsw.co.uk/searchresults.php?textfield=renew

Thank you Dorothy P for that. Dorothy much obliged although I cant get in to see the report.

I take its just for members?.

Cheers GF.

Moving up nicely. Looks like this is a genuine breakout.

cheers Gf.

Just added a few more.

Forward P/E of just 8 is a bargain.

Broker recommendations, nb, one a buy the other a strong buy..

2006 2007
Broker Date Rec Pre-tax
() EPS (p) DPS (p) Pre-tax
() EPS (p) DPS (p)
Brewin Dolphin Securities SBUY 3.50 5.83 1.20 4.95 7.01 1.50
Rowan Dartington BUY 3.30 4.96 1.00 4.80 6.41 1.50

Bargain picking over the next few days in the world markets imo.

Just how i like it.

Results only weeks away.

very close to results, Tuesday 6th of June

Anyone know what the deal is with the land they have, have they still got a development site in Rugby?

13 million non mortgaged, 1 million morgaged, it all ads up especialy protecting the down side.

Digital Look just updated the stock, makes for excelent reading, a STRONG BUY and just look at these fundies..

P/E to 30th Sept 06 8.8, PEG 0.1 EPS Growth 69%

P/E to 30th Sept 06 7.3, PEG 0.4 EPS Growth 20%

Cheap as chips, little wonder SCSW are saying they will recommend the stock as a driver of the next Bull Market and probably use it for the opening of their next virtual portfolio, praise indeed from a well thought of Tip Sheet...

http://www.renewholdings.co.uk/

Britannia Rings Up 22m New Contracts
18/05/2006

Britannia Construction, one of the specialist contracting arms of Renew, has maintained its winning run with more than 22m worth of new contracts secured in the last month.

Results out in the next week or so.

Full press release:

Britannia Rings Up 22m New Contracts
Britannia Construction, one of the specialist contracting arms of Renew, has
maintained its winning run with more than 22m worth of new contracts secured in
the last month.
Two contracts from Tesco, the UKs number one retailer and long-standing client,
are worth 14m. The Cheltenham store will undergo a 7m extension and refit
while a new 64,000 sq ft store will be constructed at Brockworth, near Gloucester.
The two projects bring the value of schemes undertaken by Britannia for Tesco to
more than 225m. A 4.5m 53,000 sq ft B&Q store will also be constructed in
Folkestone, Britannia being selected despite the contract being outside its normal
geographical area of operation.
South Oxfordshire District Council has awarded a 2.5m contract to construct a
hugely popular five screen cinema in the heart of Didcot town centre. The state of
the art cinema is due to be operated by Cine-UK when it opens in 2007.
A string of civil engineering contracts have also been secured reflecting Britannias
expertise in this sector. In Cwmbran in South Wales, Prudential Assurance has
awarded a 676,000 contract for concrete and paving repairs to the town centre.
Britannia beat a number of local contractors to secure a 329,000 contract for
Birmingham City Council to improve a number of bus routes on key approaches
into the city. Separate contracts for car park extensions will be carried out in
Swindon for BMW and at Cheltenham General Hospital, worth 386,000 and
259,000 respectively.
18th May 2006
All press inquiries: Peter Weedon
Salient Communications
Tel: 01635 861112.

Edging ahead this morning. Forward P/E of only 7.

Excelent set of results.........

Renew Holdings PLC
06 June 2006



Renew Holdings plc
('Renew' or the 'Group')


Interim Results for the six months ended 31 March 2006


Renew, the specialist construction services business, today announces a strong
improvement in cash backed profits for the period and a strengthened order book.




Financial Highlights



Turnover from ongoing operations of 162m (2005: 165m)


Cash backed operating profit of 1.4m (2005: 0.7m)


Profit before tax of 1.8m (2005: 0.1m)


Earnings per share of 3.01p (2005: 0.25p)


Interim dividend of 0.4p (2005: nil)





Operational Highlights



No exceptionals, legacy contract provisions reconfirmed



Results reflect growing impact of new management control
mechanisms in place



Increased order book of 226m in specialist sectors



Appointment of Group Finance Director



Acquisition of PPS Electrical strengthening presence in
Nuclear sector





Roy Harrison, Chairman, commented:



'The Group continues to make progress, benefiting from its focus on the core
market sectors in which it has particular skills and experience. This is
reflected in the order book, which is growing both in terms of quality and
scale. Trading into the second half has been satisfactory and gives the Board
confidence that this progress will be sustained for the full year.'





6 June 2006



Enquiries:


Renew Holdings plc Tel: 020 7522 3200
Brian May, Chief Executive
John Samuel, Finance Director

Chart looks positive. we could have a breakout here.

nice to see you on another winner GF....

Yes cheers for that.

finally on the move GF!

Reasssuring trading statement yesterday.

I reckon they'll do 7.5 to 8p e.p.s this year putting them on a multiple of less than 8. Probably give the divie a good tweak too.

Happy to hold this one.

capa

Same here Capa. At some point in time its goingto break upwards.

Looking good this morning. A run up to 70p long overdue.

capa

Yup moving up nicely. Blimey how many jobs does this bloke want?.

Renew Holdings PLC
13 October 2006



Renew Holdings plc


Appointment of Director

Further to an announcement made on 28th September 2006 regarding the appointment
of John Michael Bishop as Non Executive Director with effect from 1st October
2006, the following information is being disclosed pursuant to Schedule 2
paragraph (g) of the AIM Rules.

John Michael Bishop, aged 61, is currently a director of the following
companies:


Current Directorships:

COMPANY NAME APPOINTED
Allied Investment and Property Holdings Limited (Dissolved) Pre 12/04/1991

This company entered into a Company Voluntary Arrangement on 27th
March 1991 however the company was dissolved pursuant to ss652(4) and
652(5) of the Companies Act on 15 February 2000.


Allied Investment Securities Limited (In Liquidation) Pre 26/09/1991

A Court Order to wind up was issued on 22nd July 1994 at the request
of HM Customs & Excise. A Liquidator was subsequently appointed on
26th June 1995. The company remains in Liquidation.

Beagle Aircraft Limited 05/05/2006
CLC Group PLC 01/09/2004
D K Properties (Woolston) Limited 01/02/2006
Knightspear Public Limited Company 27/01/2005
Medi-Care Developments Limited 01/02/2006
Morgan Sindall Investments (3PD) Limited 25/01/2006
Primary Medical Property Investments Limited 10/10/1995
Primary Medical Property Limited 06/09/1995
The Kingwood Trust 20/02/2001



Past Directorships (held within the last five years):

COMPANY NAME (where applicable, dissolved pursuant to s652A APPOINTED RESIGNED
CA85)

Backbone Furniture Limited 09/08/2002 01/06/2005
Barnes & Elliott Limited 07/04/1998 01/06/2005
Birchmire Limited (Dissolved) 02/01/2002 01/06/2005
Bluebell Printing Limited 01/04/1997 01/06/2005
Bluestone Public Limited Company 09/11/2001 01/06/2005
Community Solutions for Primary Care (Holdings) Limited 14/05/2002 16/01/2004
Community Solutions for Schools Limited 02/12/2002 01/06/2005
E. O'Donnell (Bradford) Limited 02/01/2002 01/06/2005
Forth Crossings Limited 11/05/2001 01/06/2005
Hinks & Frewin Limited 07/04/1998 01/06/2005
Iris Safety Limited (Dissolved) 07/04/1998 01/06/2005
Lovell Partnerships (Northern) Limited 16/06/1999 01/09/2004
Lovell Partnerships (Southern) Limited 16/06/1999 01/09/2004
Lovell Partnerships Limited 16/06/1999 01/09/2004
Magnor Plant Hire Limited 02/01/2002 01/06/2005
Morgan Est (Scotland) Limited 10/05/2001 01/06/2005
Morgan Est Plc 29/03/1993 01/06/2005
Morgan Lovell London Limited 01/04/1994 01/06/2005
Morgan Lovell Plc 05/05/1994 01/06/2005
Morgan Lovell Regions Limited 01/04/1994 01/06/2005
Morgan Sindall Investments (Lancashire Fire Stations) Limited 22/03/2002 01/06/2005
Morgan Sindall Investments (Newport SDR) Limited 19/12/2001 01/06/2005
Morgan Sindall Investments (NHS Lift) LImited 05/11/2003 01/06/2005
Morgan Sindall Investments Limited 04/10/1996 01/06/2005
Morgan Sindall Plc 26/10/1994 12/04/2005
Morgan Utilities Group PLC 02/01/2002 01/06/2005
Morgan Utilities Limited 02/01/2002 01/06/2005
Noel Street Properties Limited 09/02/1994 01/06/2005
Ottervale Estates Limited 14/01/1998 01/06/2005
Overbury & Sons Limited 07/04/1998 01/06/2005
Overbury PLC 07/04/1998 01/06/2005
Overbury Projects Limited 07/04/1998 01/06/2005
Overbury Southern Limited 07/04/1998 01/06/2005
P.L. Construction Limited (Dissolved) 02/01/2002 01/06/2005
Pipeline Constructors (Northern) Limited (Dissolved) 02/01/2002 01/06/2005
Roberts Construction Limited 01/08/1997 01/06/2005
Sindall Eastern Limited 07/04/1998 01/06/2005
Sindall Joinery Limited 07/04/1998 01/06/2005
Sindall Limited 07/04/1998 01/06/2005
Sindall Norwich Limited (Dissolved) 07/04/1998 01/06/2005
SMHA Limited 04/10/1996 01/06/2005
Snape Design & Build Limited 07/04/1998 01/06/2005
Snape Developments Limited (Dissolved) 07/04/1998 01/06/2005
Snape Holdings Limited (Dissolved) 07/04/1998 01/06/2005
Snape Parkway Limited (Dissolved) 07/04/1998 01/06/2005
Snape Roberts Limited 07/04/1998 01/06/2005
Stansell (Guernsey) Limited 05/12/2000 06/08/2003
Stansell Limited 07/04/1998 01/06/2005
T. J. Braybon & Son Limited 12/11/1996 01/06/2005
The Snape Group Limited 07/04/1998 01/06/2005
Underground Professional Services Limited 19/11/2003 01/06/2005
Vivid Interiors Limited 05/03/2002 01/06/2005
Wheatley Construction Limited 11/02/1998 01/06/2005


Mr Bishop does not have any interest in the share capital of the Company.

There are no further disclosures to be made pursuant to Schedule 2 paragraph (g)
of the AIM Rules.


Enquiries:

Renew Holdings plc Tel: 020 7522 3200
Caroline Coomber

LOL

I bet he doesn't want the England managers !!

capa

HE HE no I bet he doesnt.

Im betting he spends 2 days or less at anyone given company per year for a massive fat cheque. Probably ex-public school boy, scandolous I say.

Main smaller company tip in the Investors Chronicle.

Up 3p already.

Closing on a high today I see.

Could see a long overdue breakout here I reckon.

capa

Hope so, as I've held these since 23p, and they are still on a very low price to sales. Plenty to go for if they continue to grow margins!

You must have been in when it was Montpellior too then Canary.
Mind you I wasn't brave enough to buy when they were in the twenties, but convinced the company had turned around a bit later on and got in around 34p. I have added twice since, the last time at 50p for an average of 41p.

The rise has been steady rather than spectacular but i can live with that.

all the best

capa

Yes, I,ve held these for 2 years ,although I have to admit to taking some profit on the way up to reduce exposure. I don't expect dramatic movements ,and took a similar stance with Morgan Sindall from 2 and still holding 30% of them at 12.50.
Nice little earner!!!

Wow how spooky is that.

I have recently been researching into and today bought some Newfound (NFND) who joined AIM in September, recent director buy of 1.4 million shares by no other than John Morgan of Morgan Sindall fame.

Must be an omen. I hope its a good one.

capa

Have held shares for a few months now.

They seemed to have paused for breath recently after a very good run. Should gather momentum again after Finals 28th November. Fundamentals look really strong.

Certainly are.

Doing very nicely at the moment.

Two steps forward one step back.

Hardly gets the blood surging through the veins but highly effective way of increasing ones wealth.

Great stuff

capa

Hery Capa, dont knock it as long as its moving up. LOL.

Positive trading statement this morning from KLR, bodes well for RNWH I reckon

capa

Yup I agree.

Another positive buy rating in Share Magazine last week, can't do any harm.

Wouldn't be surprised to see Finals beating forecast next week maybe 8p EPS then hopefully time for a re-rating.

Even though share has performed very well this year, I can't believe how low they are rated. It can't last.

No it cant last forever.

Fantastic results..............

Renew Holdings PLC
28 November 2006







Renew Holdings plc

('Renew' or the 'Group')



The following replaces the final results release at 7am today under RNS number
7907M. The company website address has been updated and the record date of the
dividend should be 26 January 2007 not 24 January 2007 as previously stated. The
full amended release appears below.



Preliminary Results for the year ended 30 September 2006



Renew, the specialist construction services business, today announces a strong
cash generative performance across all its businesses, a strengthened order book
and an appropriate dividend increase.



Financial Highlights



Turnover from ongoing operations of 341.7m (2005:
330.1m)

Profit before tax of 4.6m (2005: 1.2m)

Earnings per share of 10.0p (2005: 3.46p)

Net cash balance at 30 September of 19.4m (2005: 13.6m)

Final dividend of 0.8p resulting in total dividend for the
year of 1.2p (2005: 0.2p)



Operational Highlights



No exceptional items, legacy contract provisions reconfirmed

Tightened strategic focus - operating through two distinct
business streams:

o Specialist Engineering

o Specialist Building

Order book of 208.7m (2005: 193m) of which 70% is with
repeat clients

Acquisition of PPS Electrical creating largest M&E
contractor at Sellafield



Roy Harrison, Chairman, commented:



'I am pleased to report that the Group has made good progress over the past
year. All our businesses are trading profitably and are generating
corresponding levels of cash.



'The positive actions taken by the new management team augur well for the
future, and the Board is confident of making further progress in both
profitability and cash generation in the new financial year.'



28 November 2006



Enquiries:


Renew Holdings plc Tel: 020 7457 2020 (today)
Brian May, Chief Executive Tel: 020 7522 3228 (thereafter)
John Samuel, Finance Director

College Hill Tel: 020 7457 2020
Matthew Gregorowski
Mark Garraway



A presentation for analysts is taking place at 09.30 today at the offices of
College Hill, 78 Cannon Street, London EC4N.



The report and accounts will be posted to shareholders in due course and copies
of the preliminary announcement are available upon request from the Company
Secretary, 39 Cornhill, London, EC3V 3NU or via the company's website:

www.renewholdings.com





CHAIRMAN'S STATEMENT



Introduction



I am pleased to report that the Group has made good progress over the past year.
All of the Group's businesses are trading profitably and are generating
corresponding levels of cash. These results do not include any exceptional items
and the Board remains confident that historic contract exposures are fully
provided for - evidence that the Group is in good health.



Further and stronger focus on particular areas of specialism where the Group has
strong skills and experience continues to enhance the quality and visibility of
earnings flow. This is highlighted in more detail in the Chief Executive's
report that follows. The Board remains committed to improving the Group's
Health & Safety performance and is pleased to note the progress made during the
year.



Results and Dividend



Group turnover from ongoing operations for the year ended 30 September 2006 was
341.7m (2005: 330.1m) and profit before tax was 4.6m (2005: 1.2m). Earnings
per share were 10.00p (2005: 3.46p). The Group's net cash balance, exclusive of
a specific development loan of 9.8m, at 30 September was 19.4m (2005: 13.6m).
Net assets have increased to 5.3m from 4.8m after the impact of incorporating
a 2.8m net pension scheme deficit.



The Board is declaring a final dividend of 0.8p per share, which will be paid on
26 February 2007 to shareholders on the register as at 26 January 2007. This
will result in a dividend of 1.2p per share for the full year (2005: 0.2p),
reflecting the Group's progressive dividend policy and the Board's confidence in
the Group's future performance.



Acquisition



During the year the Group acquired PPS Electrical Limited, an electrical
contractor specialising in asset support for the nuclear sector, for 664,000 in
cash. PPS has been successfully integrated into Shepley Engineers and is
trading in line with expectations.



Pension Scheme



In line with many other UK companies, the Directors, in calculating the Group's
pension position, have adopted mortality tables which now reflect the
expectation of a longer lifespan for pension fund members. As a result, the
Directors have recognised a pension deficit of 2.8m on the Group balance sheet,
net of deferred tax, compared to a surplus of 1.6m at 30 September 2005.



Board Changes



On 1 May 2006, John Samuel FCA joined the Board as Group Finance Director and
Philip Underwood stepped down from the Board to concentrate on running VHE
Construction and Shepley Engineers. On 1 October 2006, John Bishop FCA joined
as non-executive director. John Bishop has extensive experience in the
construction industry and over 30 years PLC experience at main board level. On
31 October 2006, Arnold Wagner OBE stepped down from the Board to concentrate on
his executive responsibilities at Smiths Group plc.



Outlook



The positive actions taken by the new management team augur well for the future,
and the Board is confident of making further progress in both profitability and
cash generation in the new financial year.





Roy Harrison, Chairman

28 November 2006

Agreed goldfinger these are great results. this is turning into a super recovery play and only a matter of time before they get re-rated, no reason at all why these shouldn't be a quid imo.

capa

whats your target GF?

If you compare the Price to sales to companies such as Morgan Sindall or Balfour Beatty, you can see this share has the potential to grow its' profits and hence its' share price significantly, as sentiment towards it improves imo. No more shocks though!!

I've added a few on the dip.

capa

These results are far better than I had expected, I had planned to buy some Maxima shares tomorrow, but will divert this money to increase holding in Renew.

can't be long before we see 1.

Well done.

Moving up nicely.

Brought at 68.5p this morning, looking forward to new Broker Forecast.

Does anyone know why EPS was so much higher than 7.5p forecast. When profit was in line with forecast.

Looks like there was a tax credit of 1.3M.

will this one over 100p? :-)

canary9

Thanks for the info, will look into tax credit tomorrow.

Without tax credit EPS would have been 7.74p still very good.

If Renew increased Turnover next year by 10% to 375m and increased margins from 1.4% to 2% it would make 6m profit and this after I have deducted a 1.5m tax charge a bit on the high side I know. This still gives a 10p EPS after tax.

I don't think I'm being to optimistic but there seems to be such a scope for increasing the profit margins, the upside could be very large.

Below is a statement from Chief Exec Brian May about Margins.

The objective of our Specialist Building activities is to continue to generate reliable returns whilst focusing on margin improvement and cash generation.

Continuing its steady march upwards.

healthy share volume now

Investors Chonicle give Renew Buy rating, after results ( Not Surprising )

They also point out the possibility of margin improvements.

Positive start to the day.

:-))

Another one off to a flyer.

Another one off to a flyer.

gf: What is the medium term (1 - 2 yr) target price?

My target is 95p early next year then 1.30 would be nice in a years time.

Fair dos anywhere near that will do me.

Nice to see this one in the blue again.

Nice steady progress today, it's a good old plodder this one.

And again another rise, this now has the feel of a share being re-rated.

long way to go....

and who says tree shakes are a myth!

Tends to get clobbered like this now and again.

Never mind its a solid performer.

a happy and prosperous new year GF.
are you still watching AI.?

Certainly am.

Just sitting at the moment.

was the same, today took me in...

Back into the blue.

Feel sorry for those shaken out Wednesday, dropped 10% at one stage, in hindsight what a buying opportunity that was.

capa

Truly was capa, I hadnt realised it had dropped that much.

Looks set to go for a new high.

On a forward P/E of 7.5 to end of sept 2007.

Looks very cheap.

Next leg up looks like its beginning to happen

What a great recovery play this ones turning out to be.

all the best

capa

Spot on Capa and cheap at the price too.

Positive statement from KLR this morning, confirming sector buoyant

capa

All buy transaction's again today
Re-rating seems to be under way now

Looking like a breakout today

capa

Up 2.25p now to 83.75p

And the Transaction are still nearly all buys.

out of interest and because I havent got a clue...
does anyone have any targets?

Well it trades on a forward P/E to end of september this year of just under 8.

Dare I say it should be on more something like 16 or above.

Difficult to put in a sector with all its differing divisions.

Ill be glad to see 120p in 6 months time.

interesting, cheers GF

Still a good buy at 1.20.

tipped as a main recommendation again in scsw

Should do well tomorrow then.

and is doing well as predicted goldfinger

capa

And chart looks pretty cool.

Excellent gain today 5p up to 88.5p.

Was going to ask question, if there had been a recommendation over the weekend.
Thankyou EVOULTION for the answer.

Hey spitters what a superb day.

long may it continue...

Indeed and it has.

Buying in bulk here.

What is going on here?

This is behaving in a most unRenew like way !!

Still on a single figure multiple mind.

capa

Certainly put a spurt on after lunch......... NICE.

PE of 20 is 180p

Warning share prices can go down as well as up !

Yesterdays gains gone on far lower volume, c'est la vie.

I reckon they could do eps of 12p this year excluding exceptionals, stick that on a miserly multiple of 10 and we are looking at 1.20. Thats my target come results.

capa

In the blue again.

Comforting AGM statement this a.m

Shrewd move to highlight all that cash.

capa

Indeed capa.

Confident outlook at Renew Holdings
MoneyAM
Renew Holdings said its Q1 trading has been satisfactory and that it remains 'confident' of reporting increased profitability in the first half of the year in line with expectations.

The specialist construction services firm said its current firm order book is 202.5m, more than two thirds of which is either negotiated or from framework agreements.

The company said it has completed the sale of the UK development project, Transpennine 200, and added it now has no bank borrowings and has a cash balance of about 20m.

Renew Holdings will report its interim results on May 22nd.

Lots of lovely lolly.

Yes all looking very rosy.

I still believe this is just the start, wouldn,t be surprised if above statement isn't a little on the understated side and that results are better than forecast.

When management get to work on improving tiny margins, then things could start to look a lot different imho.

Im hoping we hold at this level this time.

Notification today that Ruffer LLD now hold 5.4m shares 9.4% due to transaction 22nd Jan. Could be Goldman Sachs sale from same day.

Also two hefty buys today 900k and 500k towards end of trading day. Could be interesting tomorrow.

Amazing to see Renew at 81p when you look at the fundamentals, if investors are looking for bargains during this market correction then they need look no further.

I'm already very overweight in Renew, but fairly excited at the potential going forward.

Me too.

I sometimes think investors get confused by all the divisions.

Interesting to look at the fundies after the general market sell off.

On a prospective P/E of just 7.9 to end of sept 07, EPS 10.16p

Looks very cheap and I note buyers coming in for it today.

Moving ahead nicely again this morning.

I new bargain level couldn't last for long.

Seems to be getting on the right path again concerning the SP.

Interims due 22nd May, should get the sp moving again. (Love this Company) Would buy more but very overweight already.

Not far to go then S 43.

Trading update released this morning which is very encouraging. Shares are up 4p to 89p, so hopefully this share is now on the move again. ( Hold on to your hats )
See below

Ahead of its interim results for the half year ended 31 March 2007, which will
be reported on Tuesday 22 May 2007, Renew is providing the following update on
trading.

As reported at the time of the AGM on 24 January 2007, the Group's strategy of
focusing on specialist markets is securing a higher quality of work. The Board
is pleased to announce that this positive progress has continued throughout the
first half.

The Group's Specialist Engineering activities have seen better organic growth
than expected with margins maintained at target levels. The Specialist Building
activities have enjoyed improved margins on similar levels of turnover to last
year.

The Group's cash position has also continued to improve.

The Board looks forward to reporting on further progress at the time of the
interim results announcement.

Strong update.

Also annouced today is a major holding by Octopus Asset Management Nominees Limited of 2.515.300 = to 4.2%. Due to transaction on 28th March. It may have been a purchase for 670,000 shares at 87p which may have pushed them over the 3%.

Really coming to life now............ NICE.

Absolutely motoring along this morning

I wonder what they are planning to do with all that cash

capa

Plenty of it aswell capa.

Kinda puts a floor on any downward side.

Well they had 20 million at the AGM statement which according to the latest statement has improved.

Strip out the cash and these are on a very low p/e

capa

Indeed.

Its going SP crazy.

Chart looks interesting..

Very pleasing rise, for such a quick rise there must be something behind it that we have yet to hear.

When you read trading update, margin improvement is mentioned twice ( Interesting )

GF, you've picked a cracking share here. One thing bothers me; the creditors on the last published balance sheet outweighed the current assets, leaving about 5 mil net assets. I know that the completion of Transpennine 200 is said to have wiped out the company's bank borrowing, but surely that doesn't mean the whole 121 million creditors, does it?

Some heavy buying late pm, with 1 millon purchased at 16:10 and 300,000 at 16:42.

Hi ST, your post promped me to have another look at the accounts.

As you say creditors figure is a little heady but all in all it is covered by debtors cash and other assets.

The key here is the Cash Flow report and you will see that the company are generating cash with a net cash inflow of circa 10 million plus, interest figure is also positive.

One could argue that it would be nicer to have more tangible than intangibles but lets not forget this is a company that as gone through a large restructuring.

I guess we will get more up to minute details when results are next due.

The forward P/E to end of sept 2007 is only circa of 10
and year after 8.8.

Price to book ratio being just over 11 which reflects the nature of the assets.

Ta, mate, will keep an eye on it.

As I mentioned before, there must be something behind Fridays sp rise. Now for some speculation. Could the reason be that the market believes Renew are to bid for a company in the nuclear decommissioning sector like International Nuclear Solutions, but a smaller player. Renew do have cash of 20m.

Or more likely could another company be positioning to launch a takeover for Renew, they would be very appealing owning as they do Shepley and West Cumbrian, who are potentially the largest electrical and mecanical contractor on site at Sellafield.

I know this is all speculation, but you don't have what I believe to be the largest one day rise in sp in it's recent history for no reason. Whatever happens the company are still looking very good value.

you might have something SF.

Off to a cracking start for the week.

Volatile little devil though.

Pleased to see sp holding above 1.

Me too.

Here we go again ............

capa

Yep NICE.

Looking good plenty of buy transactions today.

In the blue again.

Impressive intra day reversal.

Showing good strength here.

capa

Buyers coming in now.

Helped by positive comments in share mag.

Heres something to think about, I have had a little play with the forecast figures and have come up with my own forecasts. In the trading update they state they are securing higher margin work and that margins are maintained at target levels.

Margins were only 1.4% last year, so I have used a 2% margin for 2007 and 2.5% for 2008. I have only increased Turnover by a modest 5%, see forecast below.

May 2007 Interims = T/O 170m - PBIT 3.4m - EPS 5.6p

Nov 2007 Finals = T/O 358.7m - PBIT 7.2m - EPS 11.96p

Nov 2008 Finals = T/O 375.9m - PBIT 10.7m - EPS 17.78p

All comments welcome.

Regards S.F

Not only that SF but the company say they are working to get those margins up.

It certainly makes interesting reading and provides more analysis that this stock is far too cheap.

Yes G.F the margins are the key, Renew has strong management that seem very capable of increasing margins.

22 May Interims will be interesting to see if my forecasts are close to being realistic.

Making its move into the blue.

Still very volatile but starting to make its way up to 120p.

Been away for a few days, pleased to see Renew gaining ground.

Also pleased to see Brewin Dolphin have updated their buy rating, and increased profit and EPS forecast for 2007 and 2008.

2007 Profit = 6.8m and EPS = 9.44p
2008 Profit = 8.10m and EPS = 10.46P

Still conservative imo. But at least they are moving in the right direction.

Driving forward.

Nice to see a rise in a falling market.

Certainly.

Cant tell wether you are going left right or centre with this one.

Good job its up..... LOL.

Positive again today.

Sound looking results at first glance.

Will have a more detailed look later.

Results look good in the headlines, same as you I will have to take a more detailed look.

Well pleased with the results and it looks positive going forward.

Good start to the week.

Pleased to hear this must admit I have been a little slack looking at the details, but I will make amends tomorrow.

Renew Holdings PLC
04 June 2007


Renew Holdings plc
('Renew' or the 'Company')

OFT Investigation

Renew has noted the recent announcements in relation to the Office of Fair
Trading ('OFT') review of tender activity within the construction industry.

The Company confirms that one of its subsidiaries has been contacted by the OFT
in relation to some historic contract tenders. These tenders represent a small
proportion of the tenders made during the period in question.

Subsequently, Renew has conducted a review of the procedures of all of its
businesses to ensure that they are in compliance with the Competition Act.

The subsidiary company has provided all required information to the OFT and
remains fully co-operative in its ongoing investigation.


4 June 2007

Enquiries:

Renew Holdings plc Tel: 020 7457 2020
Brian May, Chief Executive
John Samuel, Group Finance Director

College Hill Tel: 020 7457 2020
Matthew Gregorowski

Interesting article in shares today which should support the sp, to sum up Renew are reccommended as a Strong Buy.

When you look at Renew even after the strong run we have all enjoyed over the last year, they are still looking cheap on fundamentals.

Nice rise today up 2p.

New forecast from Brewin Dolphin 12/06/2007 = Buy

2007 = Profit - 7.02m and EPS - 11.47P
2008 = Profit - 8.3m and EPS - 10.71P

It's interesting when I looked back on my thread number 144, profit and EPS forecast in April. I used a 2% profit margin for 2007, this came out as below and its good to see that the latest Brewin Dolphin forecast is so close. See Below.

My Forecast = PBIT - 7.2m and EPS - 11.96P
Brewin Dolphin = PBIT - 7.02m and EPS - 11.47p

For 2008 I only increased my profit margin to 2.5%, but as you will see below this made a large difference. But the Brewin Dolphin forecast does seem conservative at the moment. See below.

My Forecast = PBIT - 10.7m and EPS - 17.78P
Brewin Dolphin = PBIT - 8.3m and EPS - 10.71p

I would like to think we will see some more upgrades during the rest of this year.

Good 5.5p rise to 112.5 on Friday. Hopefully the start of a more sustained rise.

Good forecasting that SF, well done.

Thank you but I won't get carried away, my forecast's are normally way off the mark.

Smashing little acquisition this morning will be a third specialist water business....

Renew Holdings PLC
26 July 2007



Renew Holdings plc
('Renew' or the 'Group')


Acquisition of Specialist Engineering business





Renew is pleased to announce that it has acquired the whole of the issued share
capital of Seymour (C.E.C.) Holdings Limited ('Holdings'), the holding company
for its operating subsidiary Seymour (Civil Engineering Contractors) Limited ('
Seymour'), the engineering services provider specialising in the water sector,
for a cash consideration of 6.8 million.



Seymour, based in Hartlepool, was founded in 1978 and is one of the leading
civil engineering businesses in the North East of England. It provides
specialist environmental services including water infrastructure development and
maintenance, flood alleviation and coastal protection, as well as urban renewal
and other infrastructure services to customers in both the public and private
sectors. Further information on Seymour's activities can be obtained from its
website,
www.seymourcec.co.uk




The acquisition is in line with the Group's stated strategy of developing its
Specialist Engineering activities through making complementary acquisitions.
Alongside a natural association with Renew's Land Remediation activities,
Seymour's Water capability adds a third major specialism to the Group's
Specialist Engineering business stream, which also includes Nuclear.



Three quarters of Seymour's work is generated from longer-term framework
agreements and negotiated contracts, including the benefit of a 10 million per
annum framework agreement with Northumbrian Water Limited, with whom Seymour has
worked for over 20 years. Seymour's expected margins are in line with the
Group's target margins for its Specialist Engineering activities. The
acquisition is expected to enhance Renew's earnings per share in the year ending
30 September 2008. Seymour's management, who did not own a material percentage
of Holdings, is remaining with the company following acquisition.


Seymour's turnover for the financial year ended 30 June 2007 was 20.7 million
with an operating profit of 0.7 million. At the date of acquisition, Seymour
had tangible net assets of approximately 2.1 million including a net cash
balance of 0.9 million and an order book of signed contracts of 13.8 million.



Brian May, Chief Executive of Renew, commented:



'Seymour is an excellent business with a highly experienced workforce and
management team. It provides a very good fit with Renew, both operationally and
culturally, based on quality of service and developing long term relationships
with key customers. It has a proven track record of delivering projects to a
high standard, safely, on time, within budget and with a high degree of
innovation. This is an important step forward in the expansion of our higher
margin Specialist Engineering activities, which now make up more than 25% of
Renew's turnover.



The Group's existing business continues to trade in line with expectations and
we expect to provide further information before the end of our financial year.'


26 July 2007

Enquiries:

Renew Holdings plc Tel: 020 7522 3200
Brian May, Group Chief Executive
John Samuel, Group Finance Director

Good to see them spend some of that cash, earnings enhancing next year, shrewd diversication imo, and on the face of it it seems they have got them quite cheaply.

Trading in line with management expectations to boot.

All in all, good news.

capa

Nice to see you around capa.

Yep lets hope we get another leg up now.

Yes, still around gf, top sliced at 1.15 a while back leaving me in for a free ride with those I have left.

Still licking my wounds from SMC and WNG !! Made decent money on SMC but nothing like the amount I could have done, as for WNG still holding, but what a farce.

all the best

capa

Looks like a shrewd acquisition, shame the markets are so shaky at the moment, or we might of seen the start of an upwards move.

I top sliced at 96p but only 25% of holdings, next target is 135p.

Looks like we have a breakout. Trading on a very lowly forward P/E of just over 9 to 30/sept/2007 PEG 0.6

sp certainly performing well and sp currently an undemanding 10.5 as far as i can determine with sp now at all time high ..... Recent strength may have something to do with the change of nomad and his clients being put into the stock, but can't say it looks a bad bet even so ...... that said, i am still pretty wary of the markets in general, so watch out

Nice to see increase in sp to 120p after broker upgrade in 2008 profits and EPS which is now forecast at 11.9p, still looks too conservative imo.

SP moving in right direction up 3.5p to 119 on the back of strong transactions, hopefully the start of a re-rating. We may have to wait for further broker upgrades, the 2006 forecast seems fair enough but the 2007 forecast looks to have plenty off scope to increase.

I wouldn't be surprised to see PBIT = 10.7M and EPS = 17.78p for 2008.

Check out the trades so far today, started with small buys of 38k upto 10:20, then after this time three very large sell orders just over 4 Million. Yet sp firms by 2p, looks very interesting.

Any ideas anyone.

The large sale on 19th was Goldman Sachs selling 3.651,20 or 6.10% now have below 3%. Stange this because I can recqll an announcement 25th Jan 2007 stating that due to transaction Goldman Sachs no longer have notifiable interest. Maybe they use Renew to trade in and out of ?

Trading statement out today, see below.

Renew Holdings plc
('Renew' or the 'Group')

Pre-close Trading Update


Prior to the end of its financial year on 30 September 2007, Renew is providing
the following update on trading.

The Board confirms that good progress has been made in the Group's Specialist
Engineering and Specialist Building activities during the second half of the
year. Trading has been satisfactory, and the Board believes that this will
result in a profit before taxation for the year, of not less than 7.0 million.

Furthermore, the Board is pleased with the integration of Seymour (Civil
Engineering Contractors) Limited, the water engineering services provider
acquired on 26 July, into the Group's existing Specialist Engineering
activities.

Renew's annual results will be announced on Tuesday 27 November 2007.

sp down 3.75 to 105 today on continued selling pressure, drifted down from a high of 120 a few months back. With finals due 28th November I'm hopeful this will stop the rot, still holding most of my original shares and shouldn't be stop/lossed out before results.

This will probably prove to be a good buying oppotunity, but I never average down, have learnt my lesson in the past.

Is anyone still in this stock.

Chart looks a bit sick!

Agreed charts show price has moved sideways and now drifting down since the end of April. But the fundamentels are still looking strong imo, 28th November should put a floor under the sp and then hopefully we may have some upgrades afterwards. Or I could be wrong.

Stopped out of this one, the sp has fallen from 110 to 94p since Thursday on very heavy selling pressure. Frustratingly I can't find any information as to why this has fallen so quickly, so if anyone still holds these lets hope the results are as forecast. Good luck.

At least I have more cash for any bargains in the next few month's.

Renew has suffered with all the other small caps, and also being to an extent a cyclical company hasn't helped. I'm out of most small caps at moment, including this one, but I will be looking to go back in at bottom of this downturn, maybe 12 to 18 months. Renew are stuffed full of cash 25m, and still trading well.

See todays trading update below.

Renew Holdings PLC said its first-quarter trading has been satisfactory but it remains confident of reporting full-year results that are in line with market expectations.

The specialist construction company said its order book at Dec 31 stood at 261 mln stg.

Renew said it is continuing to pursue suitable acquisitions to add to its specialist engineering business.

The company said it will announce its interim results on May 20.

Time to look at an old favourite again.

I have gone back in again after noticing something very interesting in January, I had been holding fire since then, in the hope of some price weakness which has now happened. The reason is a fair chance of a takeover. Now I have taken a position see below.

5th November 2008 - The Times reports speculation in the city of potental bid, the price increased to 65p then drifted down to mid 40s.

7th January 2009 - I came across an RNS statement, saying that Onet Group (Leading nuclear specialist in France) had brought Gravatom (British based nuclear engineering firm) for undisclosed amount.

7th January 2009 -
Renew CEO Brian May buys 100,000 @ 46.5p, now holds 255,000.
Renew FD John Samual buys 50,000 @46.5p, now holds 180.000.

In context of there holding these were significant purchases, and by buying on the same day as the Gravatom takeover announcement, I'm sure they think there is a good chance of a takeover of Renew, and would be receptive to one. The two Directors haven't had any return yet on these purchases, but seem prepared to wait.

I have seen no comment on the above news, and the link between them, maybe it just slipped through the net. But I'm sure they are linked.............. DYOR..........

MIDAS SHARE TIPS: Change of focus brings 95% profit boom at engineer RenewBy Joanne Hart
PUBLISHED: 22:08, 16 June 2012 | UPDATED: 10:35, 18 June 2012

..Maintenance work might not be glamorous, but in times of austerity a business whose work comes in regardless of economic conditions stands out from the crowd.

Misunderstood Renew Holdings is widely associated with its 200-year history in construction, but this is misguided as the company is focused on essential maintenance work.

It should also benefit as customers cut back on capital spending and instead look after existing infrastructure for longer.


In the swim: Renew builds indoor pools at top homes
Last month, determined chief executive Brian May, who took the helm in 2005, announced a 95 per cent surge in underlying pre-tax profits to £4.4million for the six months to March 31 and a 40 per cent increase in the engineering services order book to a record £229million.
The company knows these orders will come in over the coming months and its confidence in the future was highlighted by a five per cent rise in the interim dividend to 1.05p, the first half-year increase since 2008.


More...MIDAS UPDATE: Shares rise 61% since our tip at confident RPC
FUND FOCUS: Continental optimism despite the euro crisis

May is ambitious for Renew and has set a number of targets for the next two years. He has a clear strategy for growth and the shares are almost certain to respond.

First, he wants to increase turnover from £350million to £500million by 2014 through organic growth and acquisitions. Second, he wants to raise profit margins from 2.5 per cent to more than three per cent. And third, he wants to increase Renew’s focus on engineering services.
In 2005, this accounted for 15 per cent of group turnover. Today it accounts for 60 per cent and May intends to boost that to 75 per cent by 2014.


Determined: Renew's chief executive Brian May
Originally known as YJ Lovell, the company, based in Aberford, West Yorkshire, spent most of the past 200 years in construction, with engineering playing second fiddle.

When May joined and changed the name to Renew, he set out a plan to reduce its dependence on building and increase its engineering presence. A number of strategic acquisitions took place and non-core, unprofitable divisions were sold.

Today the company is firmly focused on two solid sectors – specialist building and engineering, particularly the provision of essential maintenance work.
On the building side, Renew has two arms. It is a leading social housing contractor in London and the South-East and, at the other end of the spectrum, a specialist in complex residential building work for multi-million pound houses and flats in central London.
Projects include indoor pools and private underground car parks, each requiring top engineering skills as customer expectations are high and neighbours will not put up with too much disruption.

Renew’s technical expertise comes into its own not just in the London property market but in its engineering services business, which covers three main sectors – environmental, infrastructure and energy.

Clients include Sellafield nuclear power station, Network Rail, Northumbrian Water and London Underground. In each case, Renew is responsible for repairs that simply have to be done, either for regulatory reasons or to keep infrastructure up and running.

With Network Rail, for example, it covers every aspect of maintenance except repairing the tracks, from mending bridges and fixing tunnels to removing foliage.
At Sellafield, the group carries out specialised maintenance and decommissioning work, often involving extremely hazardous waste. It also cleans contaminated land for the Environment Agency and it helps to maintain wind farms and power stations for energy companies, such as EDF and SSE.

Engineering contracts tend to last a long time so the company’s prospects can be more easily monitored and the business is generally more profitable than building, so May’s strategy makes sense.

Midas verdict: Many brokers still associate Renew with the construction sector, so it is undervalued by the market. But this should change as May pushes ahead with his growth strategy. At 75p, the shares are a buy


Read more: http://www.thisismoney.co.uk/money/investing/article-2160308/MIDAS-SHARE-TIPS-Change-focus-brings-95-profit-boom-engineer-Renew.html#ixzz1yhTlXZwi

CockneyRebel 13 Jan'06 - 10:16 0 0

Charts

Long Term Chart

Fundamental Data
Sector CONSTRUCTION & MATERIALS
Mkt.Sector AIM Mkt.Segment AIM
Turnover 337 Profit 8.42
Norm EPS 7.90 PE Ratio 11.14
Market cap 52.71 NMS -
News
27/11/2012 07:00 UKREG Renew Holdings PLC Preliminary Results
26/11/2012 07:00 UKREG Renew Holdings PLC Holding(s) in Company
20/11/2012 10:09 UKREG Renew Holdings PLC Holding(s) in Company
13/11/2012 09:53 UKREG Renew Holdings PLC Framework award

A new thread for the new name which took place today after yesterdays AGM

Websites:

http://www.montpelliergroup.plc.uk/



http://www.britanniaconstruction.co.uk/index.htm

http://www.vhe.co.uk/

http://www.walterlilly.co.uk/index.php?document=1

http://www.allenbuild.co.uk/



CR

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Miss Anne Thrope 27 Nov'12 - 09:36 - 4803 of 4813 0 0

I wonder how much ` contractual claims expectation of payment`is on the books, not that it will be easily available to private holders.

lignum 27 Nov'12 - 10:07 - 4804 of 4813 0 0

WJCCGHCC - there's only small (1.4m) outflow on working capital but I agree there are some huge working capital balances particularly around construction contracts where we are dependent on the company's internal controls (and auditors review).

In particular I see Note 13 to the 2011 accounts which shows a net receivable of 68.8m on construction contracts representing 3.25Bn of work done to date less 3.18Bn of billings to date under contracts. With total annual revenues of 337m (including shorter term specialist building revenues) this suggests that most of the revenues accrue under contracts which have run for more than 10 years. This gives me comfort that (i) the customer must be happy with RNWH as supplier (ii) the processes for controlling, reviewing and auditing these contracts must be well established.

Rationalising the construction contracts in progress balance suggests they are carrying around 90 days of unpaid work but this is offset by accrued income in creditors. Both debtors and creditors reduced by around 10m in 2012 so presumably they have settled up some contracts and offset cash received in advance against construction contract work completed - we'll need to see the full R&A to get the details.

interceptor2 27 Nov'12 - 10:12 - 4805 of 4813 0 0

Brought in here this morning. Have been watching these for years now, since I first held in appx 2006.

Results were very strong imo. I like to use the EPS figure of 11.9p, this doss exclude the loss on discontinued business, but includes amortisation of intangibles. I think this figure gives true reflection on how they really performed, and gives a good idea to how brokers should increase their estimates.

Pleased to see net debt continues to fall, and net margins continue to rise. They are 2.1% now, which may sound on the low side (nature of business) but the highest level achieved since 2006.

ic2...

hvs 27 Nov'12 - 10:18 - 4806 of 4813 0 0

They comes and they goes buy Brian May is a STAR

SoundBuy 27 Nov'12 - 10:25 - 4807 of 4813 0 0

This am.

RNWH Panmure Gordon Buy 87.50 82.00 Tp. 100.00p Tp . 100.00 Reiterates

RNWH Numis Buy 87.50 82.00 - Tp. 110.00p Initiates/Starts

rivaldo 27 Nov'12 - 11:51 - 4808 of 4813 0 0

And WH Ireland have increased their valuation to 130p:

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=20525295

"Renew Holdings: Numis initiates with a target price of 110p and a buy recommendation. WH Ireland raises target price from 125p to 130p, buy recommendation kept."

SoundBuy 27 Nov'12 - 13:15 - 4809 of 4813 0 0

RNWH N+1 Singer Buy 87.00 82.00 Tp 120.00 Tp. 120.00 Retains

penpont 27 Nov'12 - 16:14 - 4810 of 4813 0 0

From IC who update with a BUY rec.

"We are materially undervalued," said Brian May of Renew (RNWH). Of course, as chief executive of the engineering services group, he's expected to say that. But in this instance he has a strong case. Following a major reorganisation of the business from construction to engineering services, Renew announced a 22 per cent rise in underlying pre-tax profits to a record £10m, falling debt levels and a rising dividend. Moreover, broker N+1 Singer has raised current year adjusted pre-tax profit estimates from £9.9m £10.3m, giving EPS a 11 per cent boost to 13.3p.

Last year's acquisition of Amco has accelerated the shift of Renew's business and the engineering services division reported adjusted operating profits up £2.1m to £9.6m, on a 24 per cent rise in revenues to £214m. The £15m loan taken on to fund that deal is also quickly being paid back and net debt was cut from £6.8m to £5.5m.

The outlook is good as well. Maintenance and decommissioning work at Britain's ageing nuclear sites such as Sellafield was behind a 50 per cent-plus surge in the energy order book, which secures all that division's revenue for the year ahead. Spending is also being increased on maintaining Britain's rail network, which boosted Renew's infrastructure order book by 23 per cent to £74m. The specialist building business delivered double-digit operating profit growth on much improved margins as the unit withdrew from public sector building work in the north of England.

harrogate 27 Nov'12 - 17:08 - 4811 of 4813 0 0

Let's see if he puts his hand in his pocket to show how undervalued!!

2006stocktaker 27 Nov'12 - 17:19 - 4812 of 4813 0 0

Numis: Renew Holdings (Buy, TP: 110p) Initiation of coverage

We initiate coverage of Renew on the back of a good set of full year results, which is testament to the success of the model to date and also what we see as the attractive outlook the company faces. We also outline a target price of 110p which offers good upside in the share price - even though at this target price Renew would only trade in line with new-build companies in the built environment (where conditions are presently more challenging), and therefore still a discount to other built environment related services companies. We initiate with a Buy recommendation.

• Full year PBT of £10m to September 2012 was some 22% ahead of last year and above current year consensus estimates of £9.5m. We publish estimates here for the first time as we initiate on Renew.

• The strong improvement in EBIT (+30%) and PBT was in part due to the benefit of the Amco acquisition. We believe that organic growth for the Engineering Services - as the major driver of the group - was +4% last year and we expect this to be sustainable in the current year, notably as Energy and Rail showed strong growth over the year. Indeed, the Engineering Services orderbook rose 31% in the year with the key factor being the nuclear orderbook which increased 51% and accounts for 46% of the divisional orderbook.

• Renew's focus is into providing maintenance and renewal services into low discretionary areas where opex needs to increase over time - energy/nuclear, environmental/water and infrastructure/rail as the major areas. Moreover the group provides high technical services where procurement routes are adapting. This should lead to sustainable organic growth, which with margin mix benefits gives the group a resilient growth profile relative to other companies in the built environment universe.

• In our view this provides a major opportunity as Renew is currently valued at a P/E discount to UK building services companies, and even to construction companies with higher new-build exposure where the current outlook is clearly challenging. This seems harsh given that Renew is clearly demonstrating both revenue growth and margin gains as its business model takes effect. Our target price of 110p is based on a 2013E P/E of 8.0x, which is not demanding given that some two-thirds of group exposure is into non-discretionary maintenance work where we believe growth is underpinned.

sammy_smith 27 Nov'12 - 17:32 - 4813 of 4813 0 0 edit

Audio interview with Brian May, Chief Executive Officer, and John Samuel, Group Financial Director.
Brian May, CEO, and John Samuel, Group Finance Director of Renew Holdings, discuss the preliminary results for the year ended 30 September 2012. The record financial results were a result of a constantly growing order book and large opportunities for growth remain.

Click the link below;
http://www.brrmedia.co.uk/event/106917/brian-may-chief-executive-officer-and-john-samuel-group-financial-director

If renew only achieves a profit performance 3% ahead of this year it will hit broker targets. That leaves the shares , on a 6.6 times forecast earnings , too lowly rated.

Renew Holdings

LINK

anyone still looking at this thread? here's a nice overview of their acquisition by the CEO presentation

Excellent chart.

12 Aug 2013 Numis Add 121.50 113.50 - 130.00 Reiterates

Great performance.

AGM Statement

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, will hold its Annual General Meeting at 11am today. Roy Harrison OBE, Chairman of Renew, will open the meeting with the following remarks:

"Trading for the first quarter of the year has been strong and well ahead of the comparative position last year. The Board expects this to continue through the second quarter of the financial year and, as a result, that the results for the year ending 30 September 2014 to be much more evenly weighted between first and second half than hitherto.

In Specialist Engineering, a strong performance has been seen in all markets but particularly so in Infrastructure where our Rail business has been experiencing record levels of activity. In the Environmental market, Lewis, the water subsidiary based near Cardiff which was acquired in August 2013, is performing ahead of expectations, as is Seymour, our water business in the North East. In Energy, revenue in Nuclear has also been at record levels.

In Specialist Building, our businesses in High Quality Residential and New Build Affordable Housing have both performed in line with expectations and potential future work lists continue to offer excellent opportunities.

The Group order book at 31 December 2013 has strengthened by 27% to £433m (31 Dec 2012: £340m). The Engineering Services order book stood at £306m (31 Dec 2012: £245m), an increase of 25% over the comparative position last year.

Reflecting the profitable trading, cash generation in the first quarter has also been strong. The Group's net cash position together with its strong order book enables the Board to look forward with confidence to further profitable growth.

The Board expects to give further guidance in its pre-close announcement at the end of March 2014 prior to the announcement of the interim results on Tuesday 20 May 2014."

Moving up nicely and why not after that bullish statement.

Should be broker upgrades out in next 48 hours.

WH Ireland Increases Renew Holdings Plc Price Target to GBX 275 (RNWH)
Posted by John Perry on Jan 29th, 2014

Renew Holdings Plc logoWH Ireland boosted their price target on shares of Renew Holdings Plc (LON:RNWH) from GBX 235 ($3.87) to GBX 275 ($4.53) in a research note issued on Wednesday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. WH Ireland’s price target suggests a potential upside of 50.27% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd downgraded shares of Renew Holdings Plc to an “add” rating in a research note to investors on Wednesday. They now have a GBX 215 ($3.54) price target on the stock, up previously from GBX 185 ($3.05). Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Renew Holdings Plc in a research note to investors on Tuesday, November 26th. They now have a GBX 185 ($3.05) price target on the stock.
Renew Holdings Plc (LON:RNWH) opened at 197.00 on Wednesday. Renew Holdings Plc has a 52-week low of GBX 84.00 and a 52-week high of GBX 109.00. The stock’s 50-day moving average is GBX 181.0 and its 200-day moving average is GBX 146.4.
Renew Holdings plc is a United Kingdom-based holding company engaged in engineering services and specialist building.

Crossed 200p level.

Trading Update

Trading Update

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces an update on trading ahead of the interim results for the half year ended 31 March 2014.

Trading for the first half of the year has been strong and well ahead of the comparative position last year, in line with the Board's expectations. Performance is being driven by growth in all of our Engineering Services markets but particularly so in Infrastructure where our Rail business is continuing to experience record levels of activity. Specialist Building is performing in line with expectations.

The Board also anticipates reporting an increased forward order book and strong cash generation.
Renew's interim results for the six months ended 31 March 2014 will be announced on Tuesday 20 May 2014.

Listen: Renew Holdings (RNWH) - Acquisition of Forefront Group Limited

Click here to listen

Analyst interview - Renew Holdings

Click here

Renew Holdings - Preliminary results

Click here

Watch: Renew Holdings - Interim results video

click here