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.

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.