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Renew Holdings (LON:RNWH) - Acquisition of Amco Group

Tuesday, Feb 08 2011 by

Feb 08th 2011 - Hardman and Co today published a report on Renew Holdings (RNWH.L, LSE:RNWH, LON:RNWH) entitled "Acquisition Of Amco Group". In summary, the report says:

With its proposed acquisition of Amco Group, a specialist engineering company, Renew Holdings has delivered on its strategy of growing its engineering revenue to greater than 50% of its overall turnover by 2012.  The acquisition, subject to shareholder approval, is expected to be significantly earnings enhancing, increasing earnings in the year to 30 September 2011 by 40% and in the year to 30 September 2012 by 58%.  




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Hardman & Co is a market leader in independent equity research on small and mid cap quoted companies not adequately researched by stockbrokers. Specialist expertise within the firm includes: oil and gas, mining, agriculture, technology, media and telecoms, engineering, financial services, healthcare, support services, retail, property and pubs, breweries and leisure, and building materials. We help to create an informed investor base which aids companies seeking equity finance. We also value companies for aquisition, tax and share option purposes. more »