Renewi Share Discussion Threads

[outsizeclothes.com] 03/4/2019 17:00

I'm looking at these with a finger over the buy button. The last results do seem to be a "worst case" throwing in of the kitchen sink. (and we can recycle that sink!)
If ATM get going in any meaningful way at all inside 6 months, we're looking at a doubler in 18 months from here.

[outsizeclothes.com] 03/4/2019 16:54

Sunny, At that small change it looks more like a bit of tax-year end tweaking than 'position reduction'

[sunnybeachboy] 03/4/2019 09:53

Rns. Big gun still selling then.

[wad collector] 29/3/2019 20:14

How many times has bottom been called here in the last year?

[george stobbart] 29/3/2019 17:21

Not bad really given that guidance includes worst case scenarios:

- ATM Facility will not open in the next 12 months
- Derby sinfin got almost fully impaired + legal costs to chase Interserve
- Hard Brexit impairment
- Div cut to keep it 2x-2.5x covered
- Sale of the two businesses not yet finalised

lot of these have already been baked in the price fall the last months, so low 20s might actually be the bottom

[dplewis1] 29/3/2019 15:57

To contain that absolute calamity of an update this morning to a 3% loss is pretty surprising. Really thought this was staring down the barrel of mid-teens today.

[wad collector] 29/3/2019 15:56

You correctly predicted that the price might be back into the blue at the end of the day. Almost.

[taximania] 29/3/2019 13:41

Not sure about the advisors, basically they have chucked everything out and gone for worst case senario on everything but it still leaves a good dividend for people buying on at these levels but unless there's a bid it doesn't give much hope to those who are in much higher. There is scope for improvement over the mid term so I might rebuy depending on the price movement.

[sirrux] 29/3/2019 12:51

Very interesting, key now is how they are handling the issues and who their advisers are. Let's hope they are not same as the ones who advised IRV and the ones Mike Ashley is complaining about who advised DEB. It's really treacherous for businesses these days if you cannot trust your advisers, who are the really serving? Brexit is one thing, but shareholder value is being destroyed in many ways. This one, down 80% or so in about 1 year, nearly £1BN wiped out but we're getting there guys, hold your nerve!

[taximania] 29/3/2019 12:43

Dumped all my 28p buys at 23.25

[sunnybeachboy] 29/3/2019 12:31

And back to 23p

[taximania] 29/3/2019 11:05

I saw some went thru but all I got was the unable to deal message, when I finally got a quote is was 20 plus so didn't bother.

[1squintyflinty] 29/3/2019 11:01

Those recent director share purchases look a bit silly now.Perhaps they're cofident long term.Sensible to cut the divi though.

[dplewis1] 29/3/2019 10:53

Did anyone have the nerve to buy any in the high teens?

[wad collector] 29/3/2019 10:08

I think it is time the header was renamed.

[taximania] 29/3/2019 09:50

Bound to finish the day possitive then -)

[dplewis1] 29/3/2019 09:34

Peel Hunt cuts PT to 60p from 87p.

[taximania] 29/3/2019 09:20

I'm not quite sure how you arrive at that conclusion.... Would you like to elaborate?

[salpara111] 29/3/2019 09:04

Well they are now on the brink of ending up in the bondholders hands, equity is pretty worthless at this point.
I am taking them off my watch list today as their future is just too uncertain for the next 12 months.

[its the oxman] 29/3/2019 09:04

Another cut to eps so going nowhere fast and could now drift lower. Need some positive news to convince things are turning around.

[taximania] 29/3/2019 09:04

Dividend going forward around 7 %then sale of two business's more like 60m and used to reduce debt, bit of a disappointment but that's life, I'm just going to mothball mine and come back to them in a year or two 7% will have to do.

[dplewis1] 29/3/2019 08:10

Ahh the sweet smell of capitulation.

[dplewis1] 29/3/2019 07:26

Yup kitchen sink job for the new CEO to attempt a miraculous recovery. Dilnot leaving under a major brown cloud. Possibly the final capitulation today / next week and then the recovery from there..maybe..