Renewi Share Discussion Threads

[dplewis1] 12/5/2020 09:15

Good grief this is dull

[oilrich1] 07/5/2020 12:23

get rid if you can things going badly wrong in the background cannot sell online

[robsy2] 05/5/2020 13:30

I’m fully loaded with rwi shares and am ready for take off. I’ve stopped posting and have turned my back on the thing to try and help things along.

[george stobbart] 05/5/2020 08:43

Droogkloot - price now at 30 eurocents!

Dutch media suggest now that construction / infrastructure sites are reopening and 60-70% of workers returned to work last Monday, with face masks now mandatory.

So overall:

-municipal waste: no covid disruption for RWI because it has classified as 'business essential services' business
-commercial waste: sharp decline in march/april and recovery in may

lets see how this one goes

[dplewis1] 01/5/2020 20:59

Excellent first post droog!

[droogkloot] 01/5/2020 20:44

I continue buying shares untill the price rises above 30 eurocents. I believe RNW is on a verge of recovery.

[catch007] 01/5/2020 19:29

Added more today as there is resistance in a falling market. Recovery will be slow however be nice to see further upticks in the SP

[outsizeclothes.com] 30/4/2020 17:09

Chartwise 22p has now proven VERY strong resistance, and one could argue that there has been both a short-term 'triple bottom', and a long term 'double bottom' (of an optimistic potential "W") formed.
27p is weak upward resistance.
32p is stronger resistance.
35p is really major resistance at this stage.

BUT,if 35p clears it's 42p next, and then clear air right up to 70p

[catch007] 29/4/2020 17:31

60-90p take out looks pretty good from a base of 25p today .....maybe this is a false dawn and a retrace will indeed come however I see good signs of recovery and look for a decent share price rise in the months ahead. GLA

[its the oxman] 29/4/2020 16:14

Always love an optimist.

[george stobbart] 29/4/2020 15:37

for those of us following the company after the shanks merger in 2016/17, there is only one way forward: a sale of the company at a very low multiple 6-8x EBITDA (~60-90p) but the timing is uncertain.

effectively the stock is a call option now.

this Co never fails to disappoint so new buyers should be prepared for any upcoming rally to fade and retrace back.

[sphere25] 29/4/2020 15:28

And then the stock hit 26p to trade up 8% on the day. The chart is looking bullish now but let's see how we close.

The notable thing here from a trading perspective is how the spread has absolutely ballooned out during the crisis. I have nipped in and out of it with very nice tight spreads in the past, but of late, horrendous spreads at times (even worse than 25-26 currently). Liquidity just dried up and the whole dynamic of the movements here have changed.

[its the oxman] 29/4/2020 15:11

Back above 30p soon I reckon

[dplewis1] 29/4/2020 15:00

Yes you always think that and they manage to pull out another fine or regulatory hurdle just to send it even lower. Volume better today though with plenty of algo trades so maybe some buyside money taking an interest

[its the oxman] 29/4/2020 14:53

This has been a truly dire share to hold, but director buys and approval for their thermally treated soil suggest better times ahead. Can't get much worse can it?

[rumbers2] 29/4/2020 12:11

L2 looking bullish but mindful of shocking US GDP data expected at 1.30pm which could dent sentiment.
I increased my holding in XPS yesterday and took an initial position in FILTA this morning.

[sphere25] 29/4/2020 11:55

Further to yesterday's post, the chart is turning up and the stock has cleared sellers in size at 24p.

The stock is now about to test that key 25p mark. A break through that would be very bullish, but can it do it?

Oh the suspense!

[itsnotmeitsy0u] 29/4/2020 10:56

excellent volume

[itsnotmeitsy0u] 29/4/2020 10:46

well back in at 24p. good upward trend now - RSI / BoW1

[nick rubens] 28/4/2020 21:31

Added a few just before close as seems to have been some larger buys than usual I think.

Whatever happens , it seems to be on the floor at the moment, so hoping next tangible news is on the good side.

[catch007] 28/4/2020 14:55

I added a few yesterday at 23p to average down my holding. Really interesting post by Tole and I wonder if this application can be replicated elsewhere in other international markets including UK. We have had the full kitchen sink bad news in this share for several months and I do think we have reached a bottom. Fingers crossed for a recovery, waste management is an essential service and RWI share price looks undervalued to me. GLA

[robsy2] 28/4/2020 14:17

well spotted Tole and thanks for sharing . Looks like a good idea.
R

[sphere25] 28/4/2020 12:55

This is one of the few stocks that hasn't bounced at all. The stock does appear to have formed a bottom so perhaps a short term opportunity here. Watching to see it it can breakout.