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Renew Holdings

December 2023

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:
  • 826p
As the largest provider of maintenance and renewals services to Network Rail, looking after the tracks, bridges, tunnels, embankments and points that are crucial for trains to run safely nationally, Renew has managed to stretch out a 20 year run in eps growth (only one down year) from 9.6p in FY11 to 63.5p in FY23, a 17% annual clip. And it looks set to continue with chief executive Paul Scott noting that the new Control Period 7 (CP7), the national rail body’s next investment period starting next March, sees the government commit to spend £44.1bn on repairs and renewals for 2024-29, an increase of £3bn on the previous five-year period. Even this spend looks constrained as aged rail infrastructure was built in Victorian times and there h ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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