Updates

Renew Holdings

June 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.

The steady as she goes progress at Renew has continued apace. Sales were +14% to £472m, pretax profit +8% to £27.7m and eps +5% to 27.2p, although despite the progress and a focus on maintenance and renewal of roads and rail helping to underpin demand for Renew's services, it shows how difficult markets have been in the past year, with the shares trending sideways, albeit within a short distance from their highs. Engineering Services grew sales 16% (+13% organic) to £436m, with operating profit increasing by 12% to £29.7m giving a margin down from 7.1% to 6.8%. Contracts are cost plus typically and the margin was impacted by the passing through of inflationary cost increases and also work mix. A recent leak that Network R ...

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Renew Holdings (December 2023)

Renew Holdings (June 2022)

Renew Holdings (January 2022)

Renew Holdings (June 2021)

Renew - Pension about to be consigned to history (January 2021)

Renew - Materially ahead of expectations (October 2020)

Renew - Expecting a COVID-19 bump up (September 2020)

Renew - Renewal and maintenance work not badly interrupted by COVID (June 2020)

Renew Holdings - Enters highways sector with £38m deal (March 2020)

Renew Holdings (January 2020)

Renew - Shares break into new territory (June 2019)

Renew - QTS acquisition takes rail segment to 60% of profit (June 2018)

Renew Holdings (December 2016)

Renew Holdings - WH Ireland forecasts eps of 27.5p for the year (June 2016)

Renew - Gain to date: 655% (December 2015)

Renew Holdings (June 2015)

Renew Holdings - Ultimate bit of refocusing with disposal of Allenbuild (December 2014)

Renew - Enters the gas infrastructure market with acquisition (September 2014)

Renew (June 2014)

Renew - Forecast upgrade after telecoms acquisition (May 2014)

Renew - AMCO benefits from flood remediation work (March 2014)

Renew (February 2014)

Renew (December 2013)

Renew Holdings - Eps accretive aquisition (September 2013)

Renew Holdings - Another AMCO-type deal sought (June 2013)

Renew - Full year results in the bag (June 2012)

Renew - Engineering services now 66% of order book (February 2012)

Renew - Valued as a construction company rather than higher rated support services (December 2011)

Renew Holdings (October 2009)

Renew (August 2009)

Renew Holdings (April 2009)

Renew - Cash of £28m (December 2008)

Renew (November 2008)

Renew Holdings (June 2008)

Renew Holdings (May 2008)

Renew Holdings - FY08 forecasts raised again (December 2007)

Renew (September 2007)

Renew - Cash rises to Â£27m (June 2007)

Renew - Shares jump to over Â£1 (April 2007)

Renew (February 2007)

Renew Holdings - Focus of building on retail, education and social housing improves margins (January 2007)

Renew Holdings - Chart looks set to move sharply higher (May 2006)

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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Renew Holdings

June 2023

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