Updates

Renew

May 2018

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.

The shares fell after Renewi, having flagged the review of UK Municipal contracts in February’s update, announced one-off provisions of £73m, representing capitalised losses and contract exit costs in respect of recognition of expected future losses over the residual lives of certain PFI contracts. However, there won’t be any material impact on cash flow or lending covenants while underlying trading remains in line with expectations.With the group starting its financial year in April, the prospective PE is now just 11.3 (forecast ’19 eps: 6.6p). Meanwhile, Kabouter, a Chicago-based fund manager specialising in investment in small caps outside the US, has increased its stake from 10.1% to 12.1%. We will l ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Enquest - Kraken oil field will transform cash generation

Mortgage Advice Bureau

Renewi (January 2019)

Renewi (April 2018)

Renewi - Waste recycling firm likely to beat forecasts due to boom in Netherlands (January 2018)

Renewi - Waste recycling group enjoys three ahead of updates (December 2017)

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