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RWI Renewi Plc

805.00
-3.00 (-0.37%)
03 Dec 2024 - Closed
Delayed by 15 minutes
Renewi Investors - RWI

Renewi Investors - RWI

Share Name Share Symbol Market Stock Type
Renewi Plc RWI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-3.00 -0.37% 805.00 16:35:03
Open Price Low Price High Price Close Price Previous Close
806.00 802.00 810.00 805.00 808.00
more quote information »
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Posted at 28/11/2024 11:23 by sphere25
Another one gone...the right way.

If our markets aren't going to re-rate the proper (as in outside of all that speculative garbage on AIM where de-listing's are on a tear) companies, then they're just sitting ducks really.

RWI joins LGRS and DLG. Bid rumours swirling around ITV. NWOR caught a bid, TTG has apparently had a significantly higher offer than the VLX offer. That is just very recently. Clearly a much longer list beyond that.

Some interesting comments by funds today as well:

SCP:

"Within the wider UK market, the mid-cap sector is looking particularly attractive given earnings growth expectations and healthy dividend prospects. These factors help explain the increased merger and acquisition activity within the mid-cap sector from both domestic and international corporate buyers as well as private equity investors"

OIT also out today:

"Sentiment towards UK equities, including small and mid-cap equities, remains depressed and fragile. However, as earnings appear to be troughing out in cyclical sectors, the Board shares our Portfolio Manager's view that, in the absence of a widespread re-rating of UK small and mid-cap equities, a resurgence in M&A, especially from overseas trade buyers, seems likely"
Posted at 16/11/2024 20:02 by outsizeclothes.com
If this was the States you would already have a class action against our “snouts in”.
But this isn’t litigation city, so all we can do is point out obvious excessive greed and poor management from a shareholders point of view, and hope that the institutional investors row in behind efforts to vote the snouts out at an AGM.
OR — - - - - the snouts DO justify their fat pay by actually delivering, inside a couple of years, a share price which justifies their £9 a share refusal
Posted at 04/7/2024 14:30 by george stobart
INVESTOR MEET COMPANY - Whoever wants to join there is an RWI Group Call planned for 08 Jul 2024, 13:30 BST

hxxps://www.investormeetcompany.com/

Doing some PR work I reckon to minimise Against votes for Verwaayen ahead of the 11th Jul AGM
Posted at 20/6/2024 08:23 by spypat
That would be too easy. Trackers & funds don't wait for the inclusion date to buy. If that were true, retail investors/traders would buy on the cut-off day (taking no risk as they inclusion would be certain) and then wait for the ETFs, etc. to buy higher.

AI explanation (Gemini) of what happens:

Funds and ETFs that track an index typically don't buy shares directly in response to a stock being added to the index.

Instead, they follow a process called rebalancing to align their holdings with the new index composition.

Here's a breakdown of how it works:

Index Announcement: The index provider (like S&P Dow Jones Indices or FTSE Russell) announces changes to the index composition. This includes adding new stocks, removing existing ones, or adjusting the weighting of existing holdings.

Rebalancing Period: The index fund or ETF manager has a designated window to rebalance the fund. This period can vary but usually falls within a few days (often 1-3 business days) after the announcement.

Portfolio Adjustment: During rebalancing, the fund manager buys or sells shares of underlying holdings to match the new index weightings.
For a stock being added: The fund manager allocates capital to purchase shares of the new addition, proportional to its weight in the index.
For existing holdings: If the weight of a stock increases in the index, the fund might buy additional shares. Conversely, if the weight decreases, the fund might sell some shares.

Key Points:

The exact timing of share purchases within the rebalancing window may depend on market conditions and liquidity.
Rebalancing helps maintain the fund's alignment with the target index and minimizes tracking error (the difference between the fund's performance and the index's performance).

Additional Notes:

There can be tax implications associated with rebalancing, especially for ETFs. Fund managers try to minimize these tax impacts through various strategies.
Index funds typically rebalance less frequently than ETFs, due to their structure and trading mechanisms.
Posted at 31/5/2024 14:35 by wad collector
As it divests from the UK business, will it see this as a reason to drop it's London listing , especially as the next Government is unlikely to be investor friendly?
Posted at 18/5/2024 12:22 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 15/5/2024 09:38 by george stobart
From the Dutch chat - apparently Renewi management 'whispered' to a select group of investors two weeks ago in the Netherlands that they have managed to get a sale price
of 100-120mn EUR for the UK business.

An attendee analyst from these meetings discusses that, from 45min onwards if you add English subtitles. The same analyst had suggested that the announcement will likely come with 30th May annuals.



100-120mn EUR is nearly 100% premium to its last reported NAV of the UK PPP assets and might explain price movement recently.
Posted at 25/4/2024 07:57 by sausage7
Steady as she goes looking at the update this morning. I like the way they drop a one liner at the end about the small divi. Is there enough there to entice new investors?
Posted at 10/4/2024 11:48 by outsizeclothes.com
Renewi are having an "Investor meet Company" meeting tomorrow.
It does not have a facility to pre-ask questions, unfortunately.

Time
11 Apr 2024, 16:00 GMT+1 GMT+1
Duration
1 hour
Meeting Type
CDM
Presenter
Anne Metz - Director of Investor Relations
Posted at 02/4/2024 08:15 by george stobart
Today's RNS looks like a PR stunt rather anything meaningful.

They have now less than 3 months to sell the UK business as promised to investors to sweeten the pill when they rejected the takeover bids

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