Renewi Share Discussion Threads

[dplewis1] 20/5/2020 13:22

Already above the 90 day average volume by lunchtime so seems to have caught someone's attention

[itsnotmeitsy0u] 20/5/2020 12:28

something has certainly kicked it up the backside !

[itsnotmeitsy0u] 20/5/2020 10:30

huge volume this amlooks like a bounce is on the way

[itsnotmeitsy0u] 20/5/2020 10:13

looks like support at 18p has held...

[itsnotmeitsy0u] 20/5/2020 09:39

its interesting to see the pattern - literally after every buy the algo sells / shorts kick indecided not to sell for now for a number of reasons

[pugugly] 20/5/2020 09:36

Calling this sub 15p - Should have been OK as essential service with COVID but suspect that construction lockdown is putting it under very significant pressure (all imo - have not been able to find any data to back up this concept)

[sbb1x] 20/5/2020 09:26

New 52 week low and still going lower.

[dplewis1] 20/5/2020 09:19

I agree 18 is an interesting level. I'm not buying more here but would do if it drops to the old intra-day low

[itsnotmeitsy0u] 20/5/2020 09:18

that is exactly the issue here.once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth.

[itsnotmeitsy0u] 20/5/2020 09:16

imo 18 is key support. if it falls through, next support is circa 15

[dplewis1] 20/5/2020 09:16

Worked down? This isn't a quote driven book that can be messed about with by market makers. It's either an insti selling or shorting and I haven't seen any short disclosures

[itsnotmeitsy0u] 20/5/2020 09:10

its obviously being heavily worked down...

[dplewis1] 20/5/2020 09:07

Why would it fall 10%?

[itsnotmeitsy0u] 20/5/2020 09:07

algos waiting for buys then work share price down by multiple sells

[itsnotmeitsy0u] 20/5/2020 09:04

looks like 15 / 16 will be breached today.hmm tempted to bite the bullet and take my losses

[dplewis1] 20/5/2020 08:28

Yeah weird start. There seems to be an algo buy order working though so hopefully that will support the price today

[itsnotmeitsy0u] 20/5/2020 08:22

very odd - buys seem to be forcing the share price down!!

[itsnotmeitsy0u] 19/5/2020 20:49

sorry meant WHAT not WHY. bloody autocorrect

[gnawe] 19/5/2020 19:11

hxxps://www.bioenergy-news.com/news/arcelormittal-receives-eib-grant-for-belgian-biocoal-and-biofuel-projects/

[dplewis1] 19/5/2020 17:55

Well the return will have to be an uptick in share price because we're not getting a divi..!

[catch007] 19/5/2020 17:51

Titanic the star formally known as Renewi!

Everyone me included catching a falling knife here for a long time. I was pretty sure bottom range was 21/22p and was supported by the trading update. See where we are end of the week and will decide then whether to add. Good luck to those that have bought you deserve a return.

[dplewis1] 19/5/2020 17:12

Yep most of them are 50% down already

[george stobbart] 19/5/2020 17:07

they bought because i) Legacy ATM got approval to start treating soil again and be able to sell existing inventory, ii) New ATM for secondary building materials got product certification

the buys were concentrated around those dates

[itsnotmeitsy0u] 19/5/2020 16:43

why did they buy at again?

[dplewis1] 19/5/2020 16:36

I'm quite glad those director buys from earlier in the year are all now heavily underwater.. might concentrate their minds a bit..