Renewi Share Discussion Threads

[babbler] 02/6/2020 09:30

Yup. Profit takers today... Let them. Results Thursday will be good imo.

[itsnotmeitsy0u] 02/6/2020 09:16

Nah holding through results - am now up almost 50%, reckon that it will be 100% in a few weeks

[sphere25] 02/6/2020 08:51

Another near 10% move higher. We'd take 10% a day, every day!

It's been a lovely move higher. Lobbing a few into this spike now. I won't be holding into the results due to not being sure it if its setting up for a sell on the news type move or what the expectations are here.

Possibly have another go post results if the large buying interest continues to show up here. Still, well done if you caught this move and good luck to longer term holders.

[dplewis1] 02/6/2020 08:36

Eentweedrie hasn't posted since 28th May.. hope he's ok..

[catch007] 01/6/2020 12:49

Got to be positive on recovery prospects now. Any write back in prior year provisions will give the share price a further lift. Only few days ago we were at 18p if the results highlight progress we are looking beyond 30p. I am still heavily underwater with RWI however waste will never go out of fashion so long term hold. GLA

[babbler] 01/6/2020 12:31

Strangely... Thats my near term target. Its now my biggest holding.

[george stobbart] 01/6/2020 12:11

let's see what the real numbers are on Thursday 4 June

i found it encouraging that legacy ATM was 'relatively unaffected' and has already shipped 150-200KT of TGG soil before 31 March

if there is pent-up demand they could write back up those 21mn EUR from last years provisions

[its the oxman] 01/6/2020 11:25

Bit bonkers really. Surprised it went down so much, hoping to see 35p here.

[dplewis1] 01/6/2020 10:53

300k algo trade gone through at 25

[sphere25] 01/6/2020 10:53

Whopping big buy orders appearing here. Stock up nearly 9% after that big move on Friday. Mentioned possibly lobbing some at 25p from a short term trading view, but on seeing those orders going to sit and wait now and see if we can push on from here.

This and FIF are the two interesting stocks this morning. Both threatening significant moves.

[itsnotmeitsy0u] 01/6/2020 09:18

40p on the cards soon. Will almost certainly retest the year high soon imo

[george23666] 29/5/2020 18:40

Yep, thanks DP, what you said on this thread made me buy in! This is bound to get up to 30 over next week. The company have made savings and prudent with dividends in light of situation. They supply a vital service with contracts still rolling, good cashflow and should be fine. Obviously, dependent on transition out of lockdown. But nothing is a cert but this is a good investment.

[itsnotmeitsy0u] 29/5/2020 17:44

well done dplewis - looks like it actually will hit 30p before 10p!

[george23666] 29/5/2020 17:28

Saw the 10mil. Crikey. I got in at 20.016. Took 40 minutes to close shares to fund this one! I need to find another broker!

[outsizeclothes.com] 29/5/2020 16:49

As the end of day (& end of week) target of 22 has broken, 27p becomes the initial weak resistance, followed by strong resistance at 32p.

[dplewis1] 29/5/2020 16:36

Yikes 10m in the uncross. Some big 'target close' algos there!

[sphere25] 29/5/2020 16:31

Monster orders in the closing auction as part of the MSCI review.

Edit: 10.1m exchanged at the high of the day of 23.4 - more than doubles the daily volume.

That sets things up beautifully for a move higher next week.

[itsnotmeitsy0u] 29/5/2020 16:30

bloody good show today

[outsizeclothes.com] 29/5/2020 13:59

Chartwise 22p had proven VERY strong resistance on the downside, and one could argue that there had been both a short-term 'triple bottom', and a long term 'double bottom' (of an optimistic potential "W") formed, before the recent dip to 18.

22p is now upward resistance to be overcome.
IF it goes end-of-day,- 27p is weak upward resistance.
32p is much 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

[wad collector] 29/5/2020 13:42

I seem to remember that he was ramping this heavily last year as it was falling; he must have changed his tune. Shame because he is on my list of respected posters with great insight and great mastery of language.

[babbler] 29/5/2020 12:25

Crying over his short losses.

[itsnotmeitsy0u] 29/5/2020 12:16

where is eentwedrie? lol

[sphere25] 29/5/2020 11:49

Initial move looks good with the stock up over 20% and buyers in size paying well through the offer. If we can close well, a short term move to 25p looks reasonable. From a short term perspective, I'd be looking to lob some there and see if it can keep pushing on.

When sentiment is this poor with a stock, it can clearly go bananas. Some of the moves in this market have been astronomical even in recent days (likes of TUI) when volatility as a whole has settled down significantly.

[babbler] 29/5/2020 10:03

Lol I see... OK cool. Yes he was very wrong.