Updates

Renew - Cash rises to Â£27m

June 2007

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.

Renew has reported strong interims to 31 March. This was the third successive reporting period without exceptionals, with pretax profit and eps both up 70% to £3.2m and 5.3p (on a zero tax charge). Overall turnover was only up 6% to £173m, reflecting a reduction in the building division offset by growth on the specialist engineering side. The key driver during the period was specialist engineering which grew sales and profit by 23% to £34m and £1.71m. This is the high margin part of the group’s activities (with margins maintained at 5%). Particularly strong was the land remediation work with a re-award of a three year land remediation contract with National Grid (£10m p.a.) and a two year multi ...

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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

Renew - Cash rises to Â£27m

June 2007

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