Renewi Share Discussion Threads

[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.

[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.