Renewi Share Discussion Threads

[outsizeclothes.com] 18/6/2020 23:44

32p is what I think the chart is pointing to as a "must break" to form a reverse head and shoulders. 27 as support.
If 32 goes, it's a 37p / 45p target to complete the pattern.

[its the oxman] 17/6/2020 13:55

Needs to test 35p , and soon hopefully

[george stobbart] 17/6/2020 12:55

and the public bonds are looking good

Bid/Ask: 100.026/100.309 on the 2022's

[george stobbart] 15/6/2020 15:36

back above 30 eurocents now, keeps grinding up

[outsizeclothes.com] 12/6/2020 11:37

If we can get 'green bonds' away at 3%, as we recently have done, imho it's a better source of financing the Company, as opposed to share dilution.

[dplewis1] 11/6/2020 18:52

Non pre-emptive placing announced at Biffa. Reckon RWI a much better bet on comparison

[sphere25] 11/6/2020 13:33

Re-testing the recent resistance here, but it's all wider market dependent now. Been cautioning in recent posts on the exuberance out there and it looks like we might have called the market on this board. It's quite plungeville out there today!

It would be surprising if the majority weren't ready for a short-term correction and possibly more. Nonethless, I'm sure RWI (being the lovely short term trading share it is) will provide more opportunities to profit from.

[george stobbart] 10/6/2020 16:44

meh, share price puked towards the close

[nick rubens] 10/6/2020 15:56

Nice to see Sterling Strategic add, but I wish these major shareholders would be more active in pushing the directors to properly earn their salaries and not just let them ride gravy trains to the point of company destruction. Seen it too many times.

[sphere25] 10/6/2020 15:51

Must be close! :-D

The DOW does look like it is having a real good think about breaking a key support level at present.

Just wondering if longer term holders here (and other lagging stocks) might benefit from the company announcing bankruptcy proceedings? Might help the stock double and some?

(If you don't know what we're talking about, we're not completely bonkers...just passing time with an effort at topical humour)

[dplewis1] 10/6/2020 15:16

Lol I think we'll look back at Dave Portnoy saying he's better than Buffett a market top signal

[sphere25] 10/6/2020 15:12

Another whopper just hit 3.49m. Clearly alot more interest here with 9m now traded. Just have to keep an eye out on these where there is notable interest - they might outperform a wider market tumble (unless the Robin Hood traders save the day of course!).

[george stobbart] 10/6/2020 15:05

Sterling added another 8mn shares these days.

[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