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.

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.