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RWI Renewi Plc

563.00
-7.00 (-1.23%)
19 Apr 2024 - Closed
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
  -7.00 -1.23% 563.00 61,994 16:35:09
Bid Price Offer Price High Price Low Price Open Price
564.00 565.00 569.00 559.00 569.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
18:07:18 O 1,423 563.00 GBX

Renewi (RWI) Latest News

Renewi (RWI) Discussions and Chat

Renewi Forums and Chat

Date Time Title Posts
19/4/202410:25There is money in muck2,378

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Renewi (RWI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 17:07:41563.001,4238,011.49O
2024-04-19 16:53:03562.0615.62O
2024-04-19 16:53:03564.06739.48O
2024-04-19 16:53:03561.06739.27O
2024-04-19 16:50:24561.618814,947.78O

Renewi (RWI) Top Chat Posts

Top Posts
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 12/4/2024 18:51 by george stobbart
A newly appointed IR lady did an intro to Renewi and was probably a rehash of the capital markets day presentation that is on the website. She looked much more capable and aggressive in her PR promo of the RWI moat compared to the previous IR guy that got sacked.

She dodged answering critical questions on the timing of the UK municipal sale and the M&A saga.
Posted at 10/4/2024 11:27 by george stobart
The Dutch chat speculating the recent share rise is due to them looking confident regarding the UK PPP sale (CEO Otto hinted it at a radio interview with BNR) which would effectively increase the margins.

Also from month-end Apr-24 they can invite back takeover bids, and pruning the UK municipal onerous contracts could potential command a better take private bid.
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.
Posted at 12/3/2024 10:15 by george stobart
Renewi welcomes Bruno Bruins as Chief Strategy Officer, a former Dutch MP and Govt Minister.

So we are adding a Dutch politician on the payroll (most likely at 200k+ EUR p.a. judging from the current executive pay) for lobbying efforts in Brussels.

RWI could use the same money to hire Rothchilds or Lazard for a strategic review and to invite takeover bids instead of wasting money on former politicians
Posted at 07/2/2024 22:53 by mr george stobbart
Ben Verwaayen has been appointed Renewi Chairman nearly 4 years ago (Apr-2020).

He hasn't bought even £1 of RWI shares ever since and is sitting nicely on a £200k fixed salary with no variable 'at risk' incentives whilst Otto has significant skin in the game.

In the 2023 AGM, Verwaayen was voted Against his re-election by c. 20% of valid ballots.

He opposed all Macquarie bids and keeps grabbing fixed £200k p.a. (unprecedented number for a UK small cap NED Chair) while RWI shares are falling towards 5 quid.

I predict that during the 2024 AGM in July this 20% will increase significantly and Verwaayen will most likely get the boot.
Posted at 19/12/2023 18:15 by outsizeclothes.com
Serious questions need to be asked.
At "up to 900p" the Board rejected a 50% over then shareprice premium out of hand without consulting shareholders ?
Either Otto and Co. are aloof, ignorant and dismissive of shareholders, or just greedy for what's in it for them (wages and perks), or they really think they can get us to over that level in at least the Medium [Jan. 2026 at latest) term.
Based on the "ifs and buts" in the bid rejection/Capital Markets Day, they would need to hit every target they set WITHOUT further share dilution.
A very tall order.
But Otto and Co. now need to deliver big time.
Posted at 19/12/2023 11:24 by gregsc
part of Sunday Times article.


Shareholders in Renewi, the Milton Keynes-based rubbish and recycling group once known as Shanks, are demanding answers after the board rejected a £720 million takeover bid from Australian infrastructure investor Macquarie without first consulting them.

Macquarie, it has emerged, made an approach of up to 900p a share earlier this year, but it was rejected by the Renewi board. The company did not tell its shareholders of the potential offer. Macquarie subsequently went public with a lower bid of 775p in October, equivalent to £636 million. This, and a slightly higher subsequent offer, were also rejected by the company.
Posted at 18/12/2023 12:51 by horseyphil
Renewi's inclusion from today in the ASCX index on the Amsterdam exchange probably accounts for the price rise.

There was also an article in yesterday's Sunday Times which seemed to suggest that Renewi had received an approach at 900p earlier this year, but never disclosed it to shareholders.

The article was behind the paywall, so I didn't get to read it, just saw the headline. Does anyone have access to it? Is it connected to Macquarie?
Posted at 09/11/2020 10:37 by gregsc
Several articles recently highlight advantages of investing in ESG stocks, but this hasn't moved the undervalued RWI share price yet. It's got to come eventually.
Renewi share price data is direct from the London Stock Exchange

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