Renewi Share Discussion Threads

[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.

[george stobbart] 28/5/2020 12:17

yes absence of any news, the stock will stay dead atm. any rally will fade it seems.

only viable exit for shareholders is a takeover of rwi

[itsnotmeitsy0u] 28/5/2020 11:50

lol even with massive buys RWI is marked downcouldnt make it up

[itsnotmeitsy0u] 28/5/2020 10:37

pretty chunky buys coming in now

[dplewis1] 27/5/2020 19:27

I'll have some money it reaches 30p before it reaches 10p

[itsnotmeitsy0u] 27/5/2020 14:36

nah thats what I call your mum

[itsnotmeitsy0u] 27/5/2020 12:37

If you indeed are short here, my name is Mickey MouseLout

[itsnotmeitsy0u] 27/5/2020 10:28

still a massive seller here

[itsnotmeitsy0u] 27/5/2020 08:42

lol like clockwork - dumped a few at 19.20p - looking to add more at around 18p

[dplewis1] 26/5/2020 15:57

Well if it can keep churning through 3mm volume each day then any seller will be out fairly quickly