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 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