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Renew - Shares jump to over £1

April 2007

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • RNWH
  • Price:
  • 102p
The shares surged over £1 after Renew announced that its recent positive progress reported at the AGM in January had continued. In specialist engineering, the company has experienced higher than expected revenue growth whilst its specialist building activities have experienced better margins on similar levels of turnover to last year. Brewin Dolphin has upgraded its forecasts by 5% for this year to eps of 6.8p and by a similar amount next year to 8.1p. Interims are due 22 May. Hold for more. * The writer has a holding ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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