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Renew

December 2013

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:
  • 159p
Renew's full year results to end September were a far cry from the fairly horrible ones we saw way back in 2006 when we visited the vast vaulted Cornhill office in the City that Renew occupied back then. The company was a total rag bag at the time (share price was miserable c.40p) but under chief executive Brian May and finance director John Samuels, the duo have continued their  process of asset reallocation.Sales in the latest year were down by £3m to £334m with further controlled shrinkage on the construction side (down £20m to £102m) being replaced by growth in its specialist engineering business (up £18m to £232m). The latter is higher margin and consequently profit was up 7% to £10.7m. Next year new accounting st ...

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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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