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.

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.