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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Renewi Plc | RWI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 558.00 | 16:35:08 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 570.00 | 557.00 | 570.00 | 558.00 | 558.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 25/4/2024 08:57 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 11/4/2024 18:04 by sausage7 Hello. Any feedback as to how the investor meeting went ? |
Posted at 10/4/2024 12:48 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 09:15 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 |
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 21/12/2023 05:29 by theolonghair I am afraid that The board foresaw what these macquarrie investors would be capable and likely to do to Renewi. A death house construction. Ultimately I am glad Renewi didn't take the bait.You should wonder why they made the bid in the first place. All you have done is given the board smack because they didn't fall for that bid. I'm confident it would have been disastrous if they did. |
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 13/7/2023 11:14 by sausage7 Stating that “the shares are trading in a rating more reflective of legacy issues rather than future opportunities” |
Posted at 08/12/2022 10:52 by george stobart RWI announced via social media a €40 million loan agreement provided by the European Investment Bank (EIB).No details on financing costs but these funds cover most part of the remaining of the €100 million growth capex as some of it was already funded through retained earnings and no dividend payout. Yield on Renewi's traded bond 2024 (2.7%) declined on news and trades at an all time low suggesting that credit investors are relaxed about RWI prospects. |
Posted at 19/8/2022 06:55 by george stobbart Numis estimates that Renewi is a prime candidate to move into the FTSE 250 in the Sep-22 rebalancing.Three of these companies will be promoted to FTSE 250 and all of them have similar market caps £630m-£700m so it's real battle. Getting promoted will bring signficant buying interest by ETFs, index passive investors etc. Even if RWI doesn't join this Sep, there are five companies under takeover bids in the 250 and due to be delisted so RWI could replace them in the meantime. 'The FTSE All Share Index Quarterly Review is due to be announced on 31 August (based on closing prices on 30 August)' Warehouse Reit Puretech Health Nextenergy Solar Videndum Bluefield Solar Go-Ahead Group Twentyfour Income Renewi Forterra Octopus Renewables |
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