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Renew Holdings

June 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:
  • 109p
Another good  interim set from Renew. For the six months to 31 March  pretax profit of £4.1m was up 25% on the year. Earnings were flat at 5.6p mainly due to a  return to taxation, having used up its tax losses.   Two years ago when we first tipped the shares (at 49p) the company had just redefined its activities into  specialist engineering and building. The former is higher margin and two acquisitions in the past two years have already lifted its contribution so that it represented 24% of turnover and just over 50% of operating profit in these results. That changing mix lifted margins to 1.6% from 1.3%.The specialist engineering arm supplies technical services for land remediation, nuclear d ...

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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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