RENEW HOLDINGS PLC (RNWH)

RENEW HOLDINGS PLC (RNWH)

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 ...