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Renew - AMCO benefits from flood remediation work

March 2014

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:
  • 226p
Renew, which supplies technical services for land remediation, nuclear decommissioning and contracting in the rail and water sectors, has recently received a shot in the arm from growing investor appreciation that two or three parts of the group will benefit from recent flooding.Most investors may imagine the key beneficiary will be its water side, which handles leak repairs for three water authorities. Sure, there is going to be a need for improving water run off from roads, which is the water companies’ remit, but this work requires planning and will perhaps take some 18 months or so, says finance director John Samuel.Instead, the greatest benefit is being felt in its AMCO division, which works for Network Rail and ...

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