Renewi Share Discussion Threads

[mathurin1] 19/2/2020 20:57

A day like today for Renewi truly is a ‘champagneR17;occasion - after a three year long drought and a daily performance which may not be easily repeated .

[george stobbart] 19/2/2020 15:58

16-Dec-19 Otto buys 90k shares
20-Dec-19 ATM gets regulatory approval (RNS)

03-Feb-20 Otto buys 20k shares
04-Feb-20 Otto buys 30k shares
05-Feb-20 New ATM gets product certification
06-Feb-20 Otto buys 40k shares

Looks like he knows what he's doing!

[dplewis1] 19/2/2020 15:08

45p?? How absurd, won't get there this month! On another note those buys from Otto are looking quite well timed - he seems to be having the desired effect since he started.

[wad collector] 19/2/2020 14:24

Funny how that bit of good news has suddenly ignited the share price days after it was announced. dplewis how about disclaiming 45p?

[dplewis1] 19/2/2020 13:29

Excellent, it worked.

[dplewis1] 19/2/2020 12:58

This is definitely not going through 40p today.

[dplewis1] 19/2/2020 10:52

Yes looking pretty perky here finally, albeit on quite low volumes

[sjoerdaktetas] 19/2/2020 10:44

Clear rise in share price yesterday and today, hope for more!

[gregsc] 19/2/2020 09:58

Thanks George. Now you have put this news in print so to speak, I wonder if we PI's are the only people who look at this BB. I suspect not.
RWI's PR firm seems to be asleep, George is doing a better job.
This is a sensible BB compared to some others.

[george stobbart] 19/2/2020 09:35

Renewi released a guidance without communicating it via RNS but it was rather buried in the dutch listing presentation.

They released a presentation called 'Introduction to Renewi' on their website and the guidance is on p. 21. They believe that Dutch Commercial can reach an EBIT of c. 70mn EUR and margin >8% and ATM (new / legacy) an EBIT of c. 20mn and margin of 17-19%.
No guidance for the other RWI businesses (municipal, Belgium commercial, monostreams etc)has been given. Timeframe to reach that is "within the next 24-36 months" - see small letters at the bottom.

Current analyst EBIT mean-estimates are:

FY2020 (Mar-20): 76.58mn
FY2021 (Mar-21): 81.78mn
FY2022 (Mar-22): 90.03mn

So effectively RWI gives a somewhat punchy outlook and thinks they can reach EBIT=90mn EUR in CY2022 even without any contribution from the other parts of the business. The other parts however had significant contribution to overall EBIT in CY2019 c. +47mn EUR: Belgium Commercial +33.3mn, Monostreams +12.9mn and municipal +0.8mn

Assuming zero growth from the other bits (flat EBIT=47mn), if they meet their forecasts for Dutch+ATM, they could reach a group EBIT of 137mn in CY2020 vs. estimate 90mn. A big 'if' though.

[robsy2] 19/2/2020 07:06

Thanks brummy. Rwi looks cheap and attractive at this level.

[brummy_git] 19/2/2020 06:16

All the latest waste industry valuation multiples and KPIs can be downloaded from here, including RWI

[gregsc] 18/2/2020 19:15

I wonder why they didn't announce it. May not be important now but it's going to be.

[george stobbart] 18/2/2020 18:03

Looks like that Renewi received product certification as at 05/02/2020 for:

EN 12620:2002 + A1:2008 Aggregates for concrete
EN 13043:2002 Aggregates for bituminous mixtures and surface treatments for roads, airfields and other trafficked areas
EN 13139:2002 + AC:2004 Aggregates for mortar
EN 13242:2002 + A1:2007 Aggregates for unbound and hydraulically bound materials for use in civil engineering work and road construction

They've used BE-CERT for certification services

hxxp://www.be-cert.be/documents/titulaires-attestation-ce/granulat-ce.pdf

It is less material at the moment because they expect the new ATM to take up 100% of legacy ATM's capacity by Sep-2020, ramping up progressively.

[gregsc] 18/2/2020 16:44

RWI haven't announced certification for their secondary materials(new ATM)yet.
Hopefully they are still expecting it in February.

[george stobbart] 18/2/2020 16:37

what's the next resistance level if we break through the 37p iceberg? anyone?

[dplewis1] 18/2/2020 16:23

Excellent it worked - the law that shall make any price target incorrect! Happy to be wrong for a change :)

[dplewis1] 18/2/2020 14:40

Hasn't cracked that 37p yet.. don't think it's got the legs today.

[mathurin1] 18/2/2020 14:29

Enfin! Renewi is at last showing signs of positivity.

[wad collector] 14/2/2020 11:48

Looks like we are finally knocking on the door of a 1 yr high. Still a long way back to put me in the blue , but looking like the worst is behind us, assuming no more banana skins. Bit of an assumption!

[dplewis1] 11/2/2020 16:42

The article I read didn't seem as negative - doesn't sound like they were wilfully taking money without the intention of recycling the cups, more like the cups were not in a sufficiently clean state to recycle. https://nltimes.nl/2020/02/10/governments-paper-coffee-cups-dirty-recycled

[markjb49] 11/2/2020 16:34

Finished off up so that’s a relief

[george stobbart] 11/2/2020 10:58

More negative news keeps coming in...

De Monitor (Dutch investigative TV show - something like BBC Panorama) "exposed" yesterday that Renewi is running a scam where the government pays millions to RWI to recycle coffee cups and instead they dump most of it to incinerators and collect the money. Has gone a bit viral on Twitter / social media but share prices in LSE/AMX are
stable so far