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.

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.