Renewi Share Discussion Threads

[george stobbart] 08/2/2019 13:40

Hopefully RWI is the next Earthport (AIM: EPO.L)!

EPO share price got destroyed daily like Renewi for a year or so and is now +600% off the lows because Visa/MasterCard are bidding to buy them out

[taximania] 08/2/2019 12:47

Am i reading that announcement correctly ...they now own 9% ?



------ ------------------------
Bram Cornelisse 3.01% 0% 3.01%
---------------------- --------------------- ------------------------
Farringdon Netherlands
BV 3.01% 0% 3.01%
---------------------- --------------------- ------------------------
Farringdon I 0.92% 0% 0.92%
---------------------- --------------------- ------------------------
Blackwell Partners
LLC 2.10% 0% 2.10%

[sirrux] 08/2/2019 11:12

Thanks George, probably just funds selling based on poor analysis - they waste tons of pension money this way but hey ho that's business. Then the vultures come along and just scoop it up. Funny old game.

[sirrux] 08/2/2019 11:07

Lol Sunny,great, we are in vulture territory now - that's a positive!

Company's clearly not dead unless it gets shot by an angry ruler but either way someone's got to process the waste.

Seller still possibly at large, so might wait for the big dump to confirm job done.

[george stobbart] 08/2/2019 09:59

Short interest it tiny at 0.84%. Only short seller is BlackRock that does market neutral investing ie going long 100 stocks and short 100 etc. So it is not a fundamental short.

[sunnybeachboy] 08/2/2019 09:58

Rns large buyer taken 3% not surprised at all.

[sirrux] 08/2/2019 09:33

What's the shorter's view on this? It can't just be China and shifting regulatory goalposts. The waste is going nowhere and someone will need to process it. Won't be done for free either. The vultures will be circling now so something positive or negative should emerge sooner or later.

[pugugly] 06/2/2019 15:27

gs - certainly looks like it - if looking to buy possibly best market bid in auction (imo)

[george stobbart] 06/2/2019 15:21

Nearing 3.30pm - another daily dose of the happy dump hour?

[george stobbart] 05/2/2019 20:36

Long story..healthy revenue and profit growth, fully covered dividend and manageable debt level but legacy issues with the dutch regulator, china waste ban and market pricing issues.

Long story short, you can double or triple your money if you buy here @25p but nobody can predict if we are at the bottom or if theres another leg down

[runner2018] 05/2/2019 19:47

director buy got my attention, just starting to read-up, whats the main reasons for the share price decline here? high debt lowish profit company compared to large revenue???looks interesting going to watch for a whilechart still looks a little bit more down????

[taximania] 05/2/2019 17:32

buyers all day, solid till 4.28 ...usual pre close action .

[sunnybeachboy] 05/2/2019 16:44

Close 24.5pOnce that large seller clears this moves up.

[dplewis1] 05/2/2019 16:35

Not sure how you know dark pool activity.. it's called dark for a reason so it's not printed for all to see. There are lots of SI trades going through but not sure that's an indicator either. I do agree there's a large seller though - volume is high and the price is going down!

[sunnybeachboy] 05/2/2019 16:28

750,000@25.04 buy...

[pugugly] 05/2/2019 16:14

Dark pool in operation - So lots of hidden activity - You have been advised. Looks as though (imo) major unloads still going on in the dark

[sunnybeachboy] 05/2/2019 11:12

Thank you for the reply. Much appreciated

[george stobbart] 05/2/2019 11:10

Not agreed but management has highlighted that they are open to M&A and their competitor Attero was recently acquired as well. A lot of PE and Chinese money is circling the waste Benelux sector.

Neptune (one of largest shareholders released last month this commentary that highlights that takeover is within the investment thesis.

31/12/2018

“Another major detractor to performance was Renewi due to lower than expected results for the first half of the year. This was due to increased disposal costs due to a lack of incineration capacity and other outlets over the summer, lower recycling pricing, mainly on paper and plastics, related to the Chinese ban on polluted waste which has increased supply in Europe and ATM’s slowdown in production as a result of regulatory investigation. Other key detractors included Circassia, RPS Group and Devro.

The acquisition of Van Gansewinkel in 2016 should give Renewi further pricing power, and management confirmed this to us at our recent meeting. Whilst there is a delay to passing on price increases, those increases are being implemented and management are confident they will stick. This is a large part of the reason for our continued confidence in the company, as well as the long-term structural drivers around recycling growth to which Renewi is well exposed. In addition, management are in the process of divesting two sizeable assets (one in the Netherlands, Reym, and one in Canada) which will refocus the business, reduce debt and potentially increase the group’s strategic value to acquirers of Renewi. We expect progress to be announced regarding these disposals within a couple of months.”

[sunnybeachboy] 05/2/2019 10:53

Has a sale be agreed?Are they in talks with anyone to sell ?

[george stobbart] 05/2/2019 10:46

that fact that this is cheap doesn't mean it can't go lower.

Definitely someone is manip the price with these penny trades but I wouldn't sell it or flip it.

Once the announcement comes in you will be doubling or tripling your money that week

[sunnybeachboy] 05/2/2019 10:30

Double bottom

[sunnybeachboy] 05/2/2019 10:29

Was that a double double today 42p target within 1 month.

[sunnybeachboy] 05/2/2019 09:26

Someone or something is hella bent on dragging this down with the tiny sells.Stick with 42p target in 1 month.