Renewi Share Discussion Threads

[dplewis1] 06/9/2018 12:00

The 7.5k share buy that just went through is mine. Divi over 5% now so happy to collect that.

[george stobbart] 06/9/2018 10:59

Hi Pen, current valuation makes no sense. Fidelity and Legal&General have been pounding the stock the month when it became clear it would drop out the FTSE250.

No too long until it gets a takeover bid, given the activity in the space the last few months (Attero - 3i, Schoeller Allibert - Brookfield).

Beijing Enterprises have missed out on Attero and are actively looking and Suez Intl as well but advisers suggest both could face again antitrust issues.

Renewi will most like be acquired by PE consortium or/and Brookfield.

[pen8] 06/9/2018 09:00

Any thoughts on why a 45% drop in share price as company seems stronger now and can easily Service it’s Debt etc which
Did look precarious years ago but not now ?

[eentweedrie] 05/9/2018 17:31

so were officially out of the ftse250

[eentweedrie] 05/9/2018 11:34

tracker funds will need to all sell out now by the 24th if they havent already i suppose

[eentweedrie] 05/9/2018 11:00

cheers - any further talk of acquisition from your sources

[george stobbart] 05/9/2018 10:49

today after market close

hxxps://www.ftse.com/products/index-notices/Home/GetReviews/ALL?productTitle=All%20Reviews

[eentweedrie] 05/9/2018 10:39

when is the shuffle announced? cob today?

[george stobbart] 04/9/2018 16:51

last two days of muck remaining

[eentweedrie] 04/9/2018 10:58

looks like you may be right.

[george stobbart] 04/9/2018 09:48

Wait for eod trading when the huge sell orders will come and price will collapse. Better to scoop cheap shares at the closing. approaching floor at 59-60

[wad collector] 04/9/2018 09:46

3 September 2018

Renewi plc

Press Release

Renewi completes strategic exit from UK organics sector with sale of Cumbernauld facility

Leading waste-to-product company, Renewi plc (LSE: RWI) has sold its 50% share in the Energen Biogas ("EBG") anaerobic digestion (AD) facility in Cumbernauld to Bio Capital Limited ("BCL") which is owned by Helios, Equitix and Aurium Capital.

The sale of this non-core asset is fully aligned with Renewi's stated strategy to actively manage its business portfolio. The transaction successfully completes Renewi's planned exit from the UK AD sector, following the sale of its Westcott Park AD facility to Olleco earlier this year. The exit from this non-core sector enables the Municipal Division to focus its effort and resources, while also generating cash and a profit on sale.

EBG contributed GBP1.6m to Group profit before tax in the year ended 31 March 2018. The sale was completed for an undisclosed cash consideration which will result in GBP10m profit on sale (proceeds above book value). This will be reported as an exceptional item in the current financial year.

Bio Capital Limited has recently been established to own and operate a number of AD plants within the UK and Ireland. The acquisition of EBG represents a cornerstone investment within this portfolio. All employees at the facility will transfer across to EBG, securing continued employment for the people working at the site.

James Priestley, Managing Director of Renewi's Municipal Division said:

"I am pleased that we have completed our planned exit from the UK organics sector with the sale of our non-core EBG facility. The sale of EBG is fully aligned with our strategy, generates cash and profit, and allows us to focus on delivering profit growth within the Municipal Division. We will now work with BCL to ensure a seamless transition."

[eentweedrie] 04/9/2018 09:03

then again, maybe not! blue in the morning = red at close; red in the morning, red at close!!!

[eentweedrie] 04/9/2018 08:01

looks like a very well timed buy!

[taximania] 03/9/2018 16:43

hope not ...back in at 61.9

[eentweedrie] 03/9/2018 12:06

yes, it looks as though we will soon see the 50's...

[wad collector] 03/9/2018 11:30

"Once it gets sold to a PE group"
Such confidence.

[george stobbart] 03/9/2018 09:37

The IPOs of Avast, Vivo Energy and Amigo will create a technical relegation for Renewi from FTSE 250 to FTSE Small Cap and that’s most likely why tracker funds have been actively selling before the quarterly review due to be announced on Wednesday 5 September(based on closing prices on Tuesday 4 September). Expecting a final sell-off this week and we have an open order to fully load up at 59-60p.

Once it gets sold to a PE group we are estimating a profit / takeover premium of 70-75% to the entry price of 59-60p

[eentweedrie] 29/8/2018 16:37

well managed to add at just over 64p again - this is bound to re-rate soon...

[eentweedrie] 29/8/2018 16:34

3rd bounce off 65p. could be forming a lower base

[eentweedrie] 28/8/2018 19:44

looks like those LRGS trades were sells? Assume the share price would be slightly higher if not!!presume tracker funds are selling down as mentioned on here previously

[eentweedrie] 22/8/2018 15:29

looks like this is going all the way to 60p...really negative momentum here