Renewi Share Discussion Threads

[dplewis1] 06/11/2020 08:52

Yep this is still just too cheap imo. Has ESG coming out of its ears and forward looking PE is way below industry median. Add to that a Biden win and people looking for green investment this is ripe for an LBO

[scepticalinvestor] 06/11/2020 07:46

No worries! Fingers crossed all is well - can easily hit the 40's again this year if so

[dplewis1] 06/11/2020 07:41

Ah yes, the paper I read that in has definitely got it wrong .. thanks for confirming

[scepticalinvestor] 06/11/2020 07:35

No it is the 10th...

[dplewis1] 06/11/2020 07:31

I have the results down as monday 9th?

[george stobbart] 03/11/2020 15:00

yes it is reasonable to expect another rally next week after the 10th Nov results.

they should be able to provide more financial details. debt looks very manageable and has actually declined this year even including the loss of some income due to covid.

[robsy2] 30/10/2020 17:01

patience required . If they make forcasts they will be on a PER of 3 for year end 2023, not so long to wait. so yes ( IMHO) the 49p forecast looks perfecty do-able or a 100p why not? Unless this is a company in a sector which just unearths more and more problems all the time... I think they can get it right.

[theolonghair] 29/10/2020 11:09

After preliminary results all that is to see is a short spike. Not much else. Long term is the way to go.
And yes, November ex dividend and payment in January. 2% is a good sign
that I am pretty confident a lot of cash will be invested in the company itself for growth.

[mathurin1] 29/10/2020 10:02

George S - are you locked and loaded ?

[gregsc] 24/10/2020 17:01

Just picked up on this report written by Ed Monk, Fidelity Personal Investing

PwC, the professional services firm, has predicted that the share of European assets held in ESG investments could more than triple from 15% today to 57% as soon as 2025 in a best-case scenario, meaning ESG assets will outstrip traditional investment strategies by that point. Under PwC’s base case forecast, ESG assets would rise to 41%. If that were to come to pass it could place downward pressure on those assets - company shares and bonds - which do not qualify as ESG.

The PwC forecast was reported in the Financial Times today, with the newspaper stating that it is large institutional investors driving the trend. More than three-quarters of 300 investors, including pension funds and insurance companies, surveyed by PwC said they would stop buying conventional funds in favour of ESG products by 2022.

The forecast comes with a degree of uncertainty, of course, but the trend towards ESG is clear. Large investors are increasingly aware of pressure to ensure the money run on their behalf is invested in accordance with sustainable principles.

For many investors, however, investing in ESG is now as much about future-proofing returns as it is future-proofing their reputation. The pandemic appears to have added more momentum to this trend, both in terms of returns and investor appetite for ESG.

[mathurin1] 20/10/2020 21:15

George-S .Do you see any logic in the 49p analysis forecast albeit from the company broker. What is their timescale ? I know you have a
very shrewd on the reality of this
recycling business which escapes me
with all the regulations.

[george stobbart] 20/10/2020 10:02

yes probably falling below 20p until Nov results, as per usual

[mathurin1] 20/10/2020 09:18

The forums gone quiet - I guess nothing to expect before November results and hibernating during USA election chaos.

[mathurin1] 15/10/2020 14:30

How do you see next years results please - what is going to change ?

[mathurin1] 15/10/2020 14:30

How do you see next years results please - what is going to change ?

[gregsc] 14/10/2020 16:04

Next results 10th Nov.

[8robson] 14/10/2020 15:41

just find it hard to believe after the trading update that this is drifting again. I've been in this stock on and off for 3 years and it never ceases to surprise, disappoint and more. I am genuinely excited for next years results though

[gregsc] 12/10/2020 16:59

Thanks George. Any good news on RWI is very welcome.
Last year I took a good profit on Viridor (Pennon)
Last week reasonable profit on Suez.
Still below water on RWI at the moment.

[george stobbart] 12/10/2020 12:38

Correct. That is irrelevant to TCG Soil (legacy ATM) but is directly relevant to ATM (new) material separation process that I pointed out in my post.

[30william] 12/10/2020 12:00

I am afraid that the regular Wateringen stonecrusher output has nothing to do with ATM’s thermally cleaned output material and the permits for that material.

[dplewis1] 12/10/2020 10:35

Excellent news thanks George

[george stobbart] 12/10/2020 09:23

hoah! It seems we have some good news. Looks like ATM (new) has started commercial operations this month - they must have received all the pending certs, permits etc and is now open & running.


Today From Renewi's official twitter account:


"In 2019 we invested in a new stone crusher at #Renewi in Wateringen (NL). Today, thanks to this investment, we are positioned to convert rubble and asphalt into certified granulate for use by construction companies when building roads. Universal recycling symbol #wastenomore "

In previous communication they said "outlets identified and working hard with authorities to gain permits" so it might be nice boost to EBIT FY Mar-21 if they've already started ramping up capacity there.

[horseyphil] 11/10/2020 13:44

At 40p a takeover would cost £320mn plus assumption of around £370mn debt - so under £700mn for an established company in a growth sector with AR of £1.55bn. Seems cheap and potentially attractive to PE, as long as you believe that most of the legacy issues are resolved or fully transparent. At 50p add £80mn to a bid cost.

[sirrux] 10/10/2020 09:17

Good to see the investor mix is changing, albeit slowly, and to quality names too. The business appears to be trying to extract itself from legacy issues associated with the industry and be a leader. If they can achieve that, it's a potential giant in the making. Similar stories are playing out in other industries, especially post the COVID hit. Those stuck in the old ways are doing poorly.

[outsizeclothes.com] 09/10/2020 01:46

With half the Company owned by Institutions, a bid now, pitched at anything above 40p would have a decent chance of success. 50p would definitely take us out.