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Renew

June 2014

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:
  • 241.5p
As anticipated in our recent main writeup, the latest H1 results from Renew were excellent, boosted by high levels of demand for emergency repair work on the Rail side following the abnormal weather conditions and a contribution from Lewis acquired last year. Overall, Renew reported sales up 48% to £226m and pretax profit up 65% to £7.6m for eps up similarly at 9.8p. Stripping out weather-related issues at Rail (£22m sales) and Lewis (£15m) top and bottom-line growth were c.20%. Net cash increased to £8.1m. The engineering side grew sales 53% to £169.2m and operating profit increased by 59% to £7.8m  with an operating margin of 4.6%. Outside rail, the nuclear and water sides also performed brilliantly (£22m additional sales organi ...

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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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