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Renew Holdings

June 2015

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:
  • 323p
Interims were good as expected and despite tough comparables (the £22m for emergency repair work on the Rail side having boosted the first half last year), Renew made good progress. In part, the gap was filled by two acquisitions of Forefront (gas) and Clarke Telecoms (wireless telecoms infrastructure). Overall, sales were up 21% to £252.1m, pretax profits by 19% to £9.5m and earnings by 20% to 12.2p. Speaking to finance director John Samuels, he says excluding the two acquisitions, the underlying organic growth rate was 14%.The engineering side grew sales by 24% to £210m and operating profit by 24% to £9.7m  with an operating margin flat at 4.6% (H2 always sees better margins and a full period in ...

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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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