AGM Reports

Renew Holdings management (RNWH) AGM 2014

Lunchtime meeting with Renew Holdings management. Several ShareSoc members and I attended a meeting with Renew management this lunchtime, to review their interims announcement released this morning. Some brief notes on the meeting: Visibility of forward revenues is excellent based on the current order backlog. No account is taken of new work that may be won in the second half. Whilst some investors are concerned about negative working capital, management confirmed that is this standard in the construction industry, as advance ...

Renew Holdings plc (RNWH) AGM Report 2014

The meeting, which was sparsely attended by shareholders, commenced promptly at 1100 hrs with a statement read by the company chairman Mr RJ Harrison OBE. Copies of this were passed to all attendees. “Trading for the first quarter of the year has been strong and well ahead of the comparative position last year. The Board expects this to continue through the second quarter of the financial year as a result of which the results for the year ending the 30 September 2014 ...

Leaders and Laggards

Laggard Renew Holdings Bars Individual Shareholders From Its Results Meeting

I have held shares in Renew Holdings (AIM:RNWH) since 2006. It has been my most profitable single investment, due to opportunities to add at very low prices in the aftermath of the financial crisis. Unfortunately, however, in recent years it has developed an unfortunate tendency to exclude individual investors from its results meetings. Renew published its preliminary results for Y/E September 2020 today. The announcement included an invitation to "sell-side analysts and investors" to attend a virtual meeting, with instructions to contact their ...