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Renew - Materially ahead of expectations

October 2020

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:
  • 456p
Just five days after the last SCSW issue landed with Renew as the main buy, an unscheduled announcement from the company confirmed that it now expects profits to be “materially ahead of expectations.” Management guide for £39-40m ebit, which means it is going to exceed even last year’s results. It also expects to end the year with net cash of £1m.Liberum lifts its eps forecast for the year by 7% from 35.6p to 38.1p.Nice to see SCSW get in ahead of the masses again - incidentally that’s three front page write ups on the trot to report a “beat’ within a week of the issue landing. I’m expecting the shares to keep moving higher. Buy.  ...

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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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