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RWI Renewi Plc

671.00
-4.00 (-0.59%)
Last Updated: 11:20:41
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Renewi Plc LSE:RWI London Ordinary Share GB00BNR4T868 ORD GBP1.00
  Price Change % Change Share Price Shares Traded Last Trade
  -4.00 -0.59% 671.00 3,206 11:20:41
Bid Price Offer Price High Price Low Price Open Price
669.00 671.00 678.00 670.00 678.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
11:20:41 AT 12 671.00 GBX

Renewi (RWI) Latest News

Renewi (RWI) Discussions and Chat

Renewi Forums and Chat

Date Time Title Posts
13/6/202408:37There is money in muck2,423

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Renewi (RWI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:20:41671.001280.52AT
10:20:41671.0018120.78AT
10:19:27670.0028187.60AT
10:19:26670.0021140.70O
10:19:26670.003802,546.00AT

Renewi (RWI) Top Chat Posts

Top Posts
Posted at 13/6/2024 08:37 by george stobart
Can this RWI print 7 quid by the 21st? Frankly likely to take a bath post the rebalance ie on the 24th but we'll see
Posted at 07/6/2024 11:06 by kinwah
George Stobart. I think the reverse is true. What tends to happen is the passive funds tend to push for example RWI's share price to an unsustainable level say 850p on the day before it joins the index. This means the index funds are underweight in an overpriced share when it joins the index. The price naturally falls as they build up their position towards a market weighting. This gives them a 'profit' over the index.
Posted at 06/6/2024 12:44 by george stobart
literally if oil prices didn't collapse on Monday/Tuesday, Tullow Oil's share wouldn't have tanked -5% for that day and it would have taken Renewi's place in the FTSE 250.

sometimes 'better lucky than good' but here we are.

So going into the FTSE was a combination of RWI leaking the sale of UK business causing the price to rally weeks ahead of the cut off and oil prices falling leaving Tullow out

Renewi - a UK Midcap stock that owns zero UK assets ('better leaky than good' probably for that matter)
Posted at 04/6/2024 17:25 by george stobart
Renewi to join the FTSE 250!!! Announcement tomorrow 5/6

Sounds unreal but Renewi mcap £526.8m surpassed Alfa Financial £522.5m and Tullow Oil £514.5mn literally in the last mins of trading and auctions as both Alfa and Tullow share prices collapsed.

I may be wrong so let's wait for the formal announcement tomorrow from FTSE Russell Group
Posted at 31/5/2024 15:49 by george stobart
Yes, that would be possible - the funny thing here is, where the share price stands, Renewi is just about to be promoted to the FTSE 250 after 5 years left in small cap purgatory (cut off next Tue 4th June)

They are shutting down their UK business but their London shares (out of nowhere) are joining the FTSE 250 with a lot passive buying expected (iShares, Vanguard etc)
Posted at 30/5/2024 16:27 by sausage7
It gets my vote to Outsize. By not considering the approach and with the resulting share price performance the management have weakened their case for shareholder support. Unless as George says, it’s a cleaner business now that perhaps will command a higher take out price. Here’s hoping.
Posted at 29/5/2024 10:11 by george stobart
Renewi very close to enter the FTSE 250 (cut off date is 4th June).

Octopus Renewables (ORIT), Mobico (MCG), Ferrexpo(FXPO) are already 100% demoted.

Motlen (GROW), Atayala (ATYM), Brunner Inv Trust (BUT) are already 100% promoted.

There is a close race with XPS, TLW, LIO, ALFA, RWI on which will get the 4th place for promotion as there is an extra space due to an upcoming delisting of another FTSE250 stock.

As it stands it is XPS ahead but RWI share price is just ~3.3% off so very close to call.

It all depends what they come out tomorrow
Posted at 18/5/2024 13:22 by george stobbart
They seem to have given up marketing the stock to the UK investor audience, with the upcoming sale of the UK municipal contracts.

They will probably surrender the lease of their Milton Keynes HQ to the buyer.

Regardless RWI is not that far away from entering the FTSE250 in June rebalance if they make the announcement sometime in May and price spikes
Posted at 12/4/2024 23:08 by sausage7
Thank you for the note George. Sounds like a large anti-climax and a return to a moribund share price.
Posted at 21/3/2024 11:56 by dplewis1
Translated from Dutch article- (ABM FN-Dow Jones) Renewi still has three months to sell the British branch and the market is awaiting the outcome with curiosity.Management has repeatedly indicated that it will sell the British activities in the first half of 2024, so there are still three months left, analyst Joren Van Aken of Degroof Petercam told ABM Financial News. "I expect some movement with this sale. This business has been depressing margins and returns on investments for years. The sale will therefore visually increase margins from next year," Van Aken thinks.Renewi will present its annual figures on May 30. The company may use this moment to also announce the sale.Van Aken thinks that many investors are now tired of waiting. "They want to see effective results."The problems at waste processor ATM in Moerdijk in particular deserve a solution, the market expert believes. Hazardous waste is processed here by Renewi.Van Aken thinks Renewi is "hugely undervalued", but the analyst acknowledges that changes are needed to achieve this value. Degroof Petercam has a buy recommendation on the share with a price target of 10.90 euros.At the end of last year, Renewi's share price revived after it became known that Macquarie Asset Management was interested in an acquisition of Renewi. The company found the offers, initially £7.75 per share and later £8.10 per share, too low. Renewi did not even want to enter into discussions with Macquarie based on these bids.On Thursday morning, Renewi shares were 0.5 percent lower at 6.44 euros.
Renewi share price data is direct from the London Stock Exchange

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