Renew Holdings (RNWH)

Sector:

Support

Index:

FTSE AIM 50

847.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 880.00
  • 52 Week Low: 659.00
  • Currency: UK Pounds
  • Shares Issued: 79.14m
  • Volume: 52,577
  • Market Cap: £670.30m
  • RiskGrade: 189

Renew acquires NDT specialist TIS Cumbria

By Iain Gilbert

Date: Friday 27 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Engineering services group Renew has acquired nuclear manufacturing and fabrication specialist TIS Cumbria for £4.7m in cash.
Renew said on Friday that the acquisition would enhance its nuclear services offering by immediately doubling manufacturing capacity and strengthening its position in the growing nuclear decommissioning and new build markets.

The AIM-listed group said the acquisition will be funded from existing cash resources and added that there was no deferred consideration payable for the transaction.

Chief executive Paul Scott said: "This acquisition will allow Renew to continue to support its existing clients and take advantage of increasing demand across the decommissioning and new nuclear build programmes. The added manufacturing capacity will allow Renew to better support its existing clients, as well as strengthening its broader market position.

"TIS represents an excellent strategic fit with our existing multidisciplinary nuclear capability, which offers attractive long term structural growth opportunities underpinned by highly visible committed regulatory spend in a sector that we know extremely well. I am delighted to welcome the management and staff of TIS to the Renew family."

Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Renew Holdings Market Data

Currency UK Pounds
Share Price 847.00p
Change Today 5.00p
% Change 0.59 %
52 Week High 880.00
52 Week Low 659.00
Volume 52,577
Shares Issued 79.14m
Market Cap £670.30m
RiskGrade 189

Renew Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.41% below the market average88.41% below the market average88.41% below the market average88.41% below the market average88.41% below the market average
70.11% below the sector average70.11% below the sector average70.11% below the sector average70.11% below the sector average70.11% below the sector average
Price Trend
84.66% above the market average84.66% above the market average84.66% above the market average84.66% above the market average84.66% above the market average
55.34% above the sector average55.34% above the sector average55.34% above the sector average55.34% above the sector average55.34% above the sector average
Income
48.89% below the market average48.89% below the market average48.89% below the market average48.89% below the market average48.89% below the market average
38.98% below the sector average38.98% below the sector average38.98% below the sector average38.98% below the sector average38.98% below the sector average
Growth
11.33% below the market average11.33% below the market average11.33% below the market average11.33% below the market average11.33% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Renew Holdings Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Feb-24 08-Jun-23
Paid 08-Mar-24 12-Jul-23
Amount 12.00p 6.00p

Trades for 21-Feb-2024

Time Volume / Share Price
16:35 14,821 @ 847.00p
16:35 2 @ 847.00p
16:35 3 @ 847.00p
16:35 75 @ 847.00p
16:35 1 @ 847.00p

Renew Holdings Key Personnel

CEO Paul Scott

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