Renewi Share Discussion Threads

[dplewis1] 29/5/2020 09:58

"shorters are going to get medieval tomorrow - look at the chart. i reckon 16p will be reached tomorrow" Hope you got a receipt for your crystal ball..

[babbler] 29/5/2020 09:38

Should build up to results next week imo.

[sphere25] 29/5/2020 09:33

Nibbled a few back too. It does have a habit of disappointing this one but a bullish early move.

[dplewis1] 29/5/2020 09:23

Nice one. Just gave it a like and an RT.

[babbler] 29/5/2020 09:19

https://mobile.twitter.com/BabblerBestBets/status/1266282585723826176

[babbler] 29/5/2020 09:13

Already said I bought.

[taximania] 29/5/2020 08:52

It's been a while but I'm back on board at 19.55, decent strength at 18 and we all know that when it decides to take off it can move up quickly .

[dplewis1] 29/5/2020 08:50

Excellent news babbler.. hopefully you'll give it some coverage on twitter!

[babbler] 29/5/2020 08:40

I took a few on the news. Looks like excellent recovery play.

[dplewis1] 29/5/2020 08:11

Good to see eentweedie covering his short with that 10 share purchase

[george stobbart] 29/5/2020 07:35

252mn of available liquidity (195mn cash) and current market cap is 160mn eur.

Doesn’t sound we are going bust anytime soon based on the update.

[itsnotmeitsy0u] 29/5/2020 07:25

decent enough

[dplewis1] 29/5/2020 07:17

Covid update RNS which doesn't seem to be shown on here for some reason. Amendments to bank covenants and 20% pay cut for directors. Plenty of other cost savings gone in. €195m in cash.

[outsizeclothes.com] 28/5/2020 23:51

This isn't going to go bust.
Any Company that can get 'GREEN' funds to buy it's debt/bonds for 3% interest is viewed by the market as solid, and worth backing.

[dplewis1] 28/5/2020 18:37

Yes current price on the 22's 99.454/99.472 and the 24's 97.766/98.766 not exactly in the realms of distress

[itsnotmeitsy0u] 28/5/2020 17:10

good point

[george stobbart] 28/5/2020 16:44

interesting enough looking at the renewi listed bonds 2024 (XS2022227222) and 2022 (XS1238024035), these seem to have stabilised since the corona crash in the markets.

they are yielding around 3.5-3.9% which is far from a high yielding company about to go bust as the listed shares suggest.

[itsnotmeitsy0u] 28/5/2020 16:17

watch it close down now lol

[dplewis1] 28/5/2020 14:19

I'm not some cheerleader of Renewi, I'm perfectly aware of it's frailties and admit I'm losing money on it. However I do like turnaround opportunities and think it ticks quite a few boxes which I can't be bothered to explain to you. If I don't like the results next week then I may have to take my loss and move on, however I still don't think it'll fall to 10p.

[itsnotmeitsy0u] 28/5/2020 14:17

looks like shorts are going to need to close soon

[george stobbart] 28/5/2020 12:42

let's hope so. a positive update and a quarter with NO MORE writedowns at last should boost price

[outsizeclothes.com] 28/5/2020 12:38

I don't completely agree George.
News of more local councils permitting/allowing our recycled building product would help start a drip-drip up-rating imho.
The next trading update / set of figures might pleasantly surprise us.