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Renew

November 2008

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:
  • 50p
Ahead of results later this month on 26 November, Renew has issued a trading update. This said that pretax profit for the year to 30 September will be in line with market expectations of £9.4m (eps 13p), whilst the cash position is strong at £27m, close to the current market cap. of £30m. The specialist engineering arm, which supplies technical services for land remediation, nuclear decommissioning and contracting in the water sector saw strong trading but in the last few months, there has been weak demand on the land remediation business as a result of declining housebuilding activity, which is the principal end market. The specialist building division has also experienced weaker conditions. Consequently, Renew has refocused i ...

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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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