Renewi Share Discussion Threads

[dplewis1] 10/6/2020 15:05

Sterling Strategic have increased

[extrader] 10/6/2020 14:31

Currently 3.2m t/o vs 3 month avge.2.1m....

[itsnotmeitsy0u] 10/6/2020 11:04

whoa some big trades this am

[outsizeclothes.com] 09/6/2020 15:50

32p is strong upward resistance.
But with 27p broken through that level could now become the floor of any pull-back.

[dplewis1] 09/6/2020 12:08

Yes and on an overall shocker of a day for UK stocks

[pete123456] 09/6/2020 09:20

slowly heading towards 30p and beyond.

[itsnotmeitsy0u] 08/6/2020 19:58

nice! lets hope it holds tomorrow

[catch007] 08/6/2020 19:53

Lets hope the breakout trend continues apace now

[its the oxman] 08/6/2020 12:50

Still on for a shift into 30-35p area. Break of 35p would be nice,

[sphere25] 08/6/2020 10:13

Bulls taking control.

Breakout being tested.

EDIT

Market close update:

Breakout confirmed with the stock closing up 7% at 28p

[lbond86] 04/6/2020 19:22

Not really helpful but fun to read.

[sphere25] 04/6/2020 14:52

Ok so the news is out. There was a brief sell on the news, which has now been bought up. That suggests some degree of confidence, in that the market is comfortable with the current situation and outlook. The stock is now sat at an absolutely pivotal level, which is bang in line with the resistance of early May.

Watching for a re-entry it can breakout now. It would be a very bullish move, but at the moment every time the bid hits 26.2/26.3, sellers knock it back down. Should be an interesting contest between the bulls and bears there.

EDIT:

They are well and truly slugging it out there with volume picking up. Good watch. Get the popcorn out.

MARKET CLOSE EDIT:

After round 1, it is the bears who take the initiative, closing off the breakout with a tremendous right that knocks the bulls down to a closing price of 25.2p

[wad collector] 04/6/2020 13:13

The margins are small .On the negative side makes a small drop in income from covid cause a big hit on profit , but conversely will make a small rise, as covid eventually recedes, translate to a big yield recovery.Unless some other bad news comes...

[catch007] 04/6/2020 12:42

Update shows the business is stable, thankfully no more negative surprises and Renewi 2 initiative may gain some traction. George any nuggets gleaned from the webcast would be appreciated.

[lbond86] 04/6/2020 11:20

Thats unfortunate for you

[taximania] 04/6/2020 11:05

Nothing particularly encouraging in that update. Sold mine this morning.

[george stobbart] 04/6/2020 10:10

webcast starts in a few minutes. should be interesting

[its the oxman] 04/6/2020 10:10

No new nasties in the results , with debt down and covid looking manageable could this be the start of a meaningful recovery.

[george23666] 04/6/2020 08:46

Bit of a rebound this afternoon?

[dplewis1] 04/6/2020 08:37

No it's really as Babbler said - people quite often sell on the results even if they're in line and everything looks good

[itsnotmeitsy0u] 04/6/2020 08:34

oh dear lol

[george23666] 04/6/2020 08:32

Expected it to be doing better this morning. Due to no RNS at moment?

[babbler] 04/6/2020 08:05

Sell on news brigade out.

[babbler] 04/6/2020 07:50

Rwi 2.0 sounds good to me.