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Renew Holdings

December 2016

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:
  • 413p
During the month I met Paul Scott who took over as CEO in October. Scott is an old Renew hand, having previously been running its nuclear services business for 14 years and its larger engineering services side (83% of the business) for the last four so he is clearly well versed in the group’s operations. He has sat on the main board for the last two years. Plus ça change as they say.Renew also reported full year results showing sales up 1% to £525m. Pretax profit was up 14% to £22.3m with eps up 5% to 27.4p. These were all time records for the business in terms of sales, profit and margins.The Engineering Services business revenue reduced by £4m to £436m as a result of non-recurring Rail r ...

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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.

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