Renew Holdings Share Price (RNWH)

Firstly, a nice 8 year water sector framework from Thames Water:

Https://browne.co.uk/news-blog/7mffzo5tdzmm5qbsj8je5ablyq4a6y

"June 26, 2024

We are delighted to confirm that Browne has been awarded a place on the £167m FA1756 Non-Infrastructure Medium Projects - Runway 1 Civils Framework by Thames Water.

The framework involves the design, construction, and commissioning of above ground non-infrastructure projects across Thames Water's clean and wastewater non-infrastructure assets.

The individual works, valued between £250k and £5m, include the refurbishment, replacement and provision of new potable water and wastewater treatment assets, plus service and storage reservoirs.

We look forward to bringing our innovative approach to deliver successful and sustainable outcomes during AMP8 for our new client, Thames Water. We will work closely over the term of the 8-year framework to drive efficiency, sustainability, and resilience across their operations."

Secondly, rail electrification work in Scotland:

Hhttps://projectscot.com/2024/06/major-140m-railway-project-set-for-three-days-of-continuous-work/

"East Kilbride to Glasgow rail electrification work gathers pace

25 June 2024

ENGINEERS are to work ‘around-the-clock’ from July 19 until 22 to support the electrification of the East Kilbride to Glasgow railway line.

Network Rail will work alongside contractors, SPL Powerlines, Story, AmcoGiffen, Siemens, and QTS to deliver a range of works across the three days – which includes the installation of the remaining steel pile foundations between Busby and Thornliebank.

etc"

Amati UK Smaller Companies have now bought in per their May newsletter published last night:

Https://www.amatiglobal.com/wp-content/uploads/2024/06/SMCO-Factsheet-May.pdf

"We introduced a new position, Renew Holdings, this month. Renew are a well-established engineering services group supporting critical infrastructure projects in sectors such as rail, water and environmental. It enjoys excellent long-term visibility supported by major spending commitments across its key sectors."

Northumbrian Water have today announced that they're tripling their investment programme under the new AMP8 to 2030 to £3.6 billion.

And that they've appointed a number of companies to carry out this investment programme - two of which are RNWH subsidiaries, namely Enisca Browne and Seymour Civil Engineering:

Https://www.watermagazine.co.uk/2024/06/18/northumbrian-water-completes-its-procurement-in-preparation-for-amp8/

I listened to that very podcast and came here for a look. Very informative posting rivaldo, thank you. I’m going to spend a bit longer going through the website but I think I will be buying in. Seems to be a company that will benefit from Labour coming in, grid upgrades, the need for more electricity and a host of other tailwinds.

RNWH is highlighted in the new Investors Champion monthly podcast, saying its new acquisition is a picks and shovels play on the National Grid upgrades (about 26 minutes in):

Https://youtu.be/V7mwIBtoyQU?si=PW4qI77q_1m9pUYL