Renewi Share Discussion Threads

[taximania] 12/11/2018 18:58

I just have the original tranch , thought about more at4 5 but didnt get them , have a limit buy at 41.4 but in reality the time to buy will be the day ATM is given the go ahead as that then brings the 36m per annum back into the fold , probably better to wait until the announcement and get back in even if its risen a little on the day.Im just holding on to the original regardless tho , collect a year or two of divis if i have to.

[eentweedrie] 12/11/2018 18:16

Agreed, still worth monitoring, damn shame about ATM though.Reckon this still has further to fall though imo

[dplewis1] 12/11/2018 17:17

As is standard though, the market tends to overreact in both directions so there will be a point where this becomes quite a solid buy. The market cap of the combined group is less than the purchase price of van gansewinkel and they are in a growing market with a maintained divi. Certainly worth monitoring closely.

[eentweedrie] 12/11/2018 15:34

sad to see but as I mentioned previously this drop was always inevitable after that IS...aimo

[taximania] 08/11/2018 22:58

And he also says in the presentation that they have already written off the soil earnings for this year so any early resolution will help no doubt.Im not planning to buy any more unless we go back to 44 which seems doubtful....well not before 08-45 tomorrow at least -)

[dplewis1] 08/11/2018 16:31

The investor presentation is quite reassuring on the ATM issue. "Technical and legal dialogue continuing at pace at all levels" as well as the backlog of contaminated soil at customer sites requiring treatment makes me think they'll get this sorted.

[eentweedrie] 08/11/2018 12:24

well timed - looks like the momentum will be downwards from now.

[eentweedrie] 08/11/2018 12:04

lol was positive as the company tu's made out that all was on track when it turns out that it perhaps wasn't. this sort of cancels out the gain i made from the late 60s to 80s but might take a look at entering again when its 40p as a longer term hold

[dplewis1] 08/11/2018 11:58

It's effectively now back to where it was before the IC tip. Snore..should have bought some in the mid 40's!

[wad collector] 08/11/2018 11:57

If you read my post ,the words were that it "may not turn out to be that significant" which is rather different.
EEntweedrie has been posting optimistically all the way down from 80p and now is suddenly speaking with a different tongue. So not sure the opinion has much value....

[taximania] 08/11/2018 11:56

sold first 8k at 50.1

[taximania] 08/11/2018 11:33

Not sure who said it wasn't significant but of course it is, my point is everything has come in flat and will probably remain so , this statement predicts no further soid sales this year so i guess the price is now discounted due to that...any resumption of sales should help to the tune of a minimum of 3m per month...you pays your money and takes your choice i guess ...don't want to tempt fate but i can sell the last lot soon and be left pretty much where i started the day ...i hope!
interesting timing on the news from the regulator tho lol.

[eentweedrie] 08/11/2018 11:09

not significant? they are losing €3m a month in rev by having to curtail the soil supply. I'm afraid this is likely to see the early 40's soon, def a value trap imo

[taximania] 08/11/2018 10:22

The soil issue is priced in now but resumption of supply is not , this year will be several months of producing something that can not be sold resulting in reduced revenue but if production and sales resume that will be free bottom line money. Im not anticipating a 10 percent return today tho from here ...50 would be nice !

[wad collector] 08/11/2018 10:08

Decided to throw some good money after bad at 49p. I am only looking for a quick 10% with this buy. Maybe a mistake but we shall see. The soil issue may not turn out to be that significant.

[eentweedrie] 08/11/2018 10:06

so what have you moved on to?

[dplewis1] 08/11/2018 10:01

On the plus side, at least the IC is still a solid reverse indicator.

[eentweedrie] 08/11/2018 09:16

good luck mate, you are going to need it here!!

[warranty] 08/11/2018 09:02

Newly in this morning at 47p, this looks a promising growth stock for my ISA, good income whilst waiting for any recovery. Have to say I thought the results today looked more promising than worrying and feel the drop is a little overdone. Recycling has to be a growth industry and with both previous company's experience in the business this looks a good bet going forward.

[taximania] 08/11/2018 08:47

back in with the ballance just above 46

[eentweedrie] 08/11/2018 08:42

yes pity, they are in a high demand, growing industry but can't seem to quite get it right. i was betting on the fact that PD would leave things looking rosy before moving on to melrose...aimho dyor

[dplewis1] 08/11/2018 08:36

Sold most first thing. Unfortunately this was a case of buy high sell low for me, but the company seem to go from one calamity to another. That new CEO has got his work cut out!

[eentweedrie] 08/11/2018 08:30

sorry to say but prob best to exit now.

[eentweedrie] 08/11/2018 07:54

outlook is overall positive at least