Renewi Share Discussion Threads

[its the oxman] 02/3/2021 09:53

Come this far , I'm expecting us to double from here, will take some time but trend has changed for the better.

[george stobbart] 26/2/2021 14:57

43-45p was the rejection zone in the past, let's hope it can cross above it this time

[wad collector] 25/2/2021 17:01

Your guess is as good as mine.

[outsizeclothes.com] 24/2/2021 11:24

On a year chart we look to be forming a big 'reverse head and shoulders'
If the case, and we can rise above the 43p shoulder, the 1 year out target then becomes 75p and the 2 year target the previous 5 year highs at around £1.

[george stobbart] 18/2/2021 17:46

A few minutes ago on their twitter account:

'Extra storage capacity is under construction at #ATM’s location. We’re now putting the finishing touches to two steel silos of 2.000 m³ each – extra capacity and charging station for our filler. A new secondary building material used in the concrete and cement industry.' #Renewi

On p.51 of their results presentation they have their 3yr guidance and how the ATM production will peak up over time.

TCG (aka legacy ATM) will become less important going forward

[catch007] 18/2/2021 14:52

Given the positive 3rd quarter TU I was expecting some progress in share price seems to have stalled.....considering adding a few more shares at current level

[catch007] 05/2/2021 12:00

SP holding up be good to push on past 45p

[george stobbart] 01/2/2021 13:22

Leverage has dropped a lot to 2.2x and is already near the Board's medium term target of c. 2x

Low leverage, no further impairments and a jump in profit in FY ending Mar-22 means that the price should go up from here.

The more it stays this low at penny levels, the more likely a bid might come though.

[gregsc] 01/2/2021 10:20

If the share price does not rise soon, someone may be tempted to bid.

[catch007] 01/2/2021 09:48

RWI proving to be resilient in the very challenging environment.....encouraged to see a very strong cash position.

[catch007] 26/1/2021 14:43

We could use a bit of positive news flow to get share price moving. Last FY TU was March Last year and may have to wait until then at this rate

[george stobbart] 18/1/2021 11:52

More takeover bids in the sector across global listed peers:

- Suez receives a competing bid by a PE consortium
- BinGo Industries (Australia's 2nd largest waste collector) to receive a takeover bid by a PE consortium tonight

[wad collector] 14/1/2021 16:30

I wonder how much effect broadsheets have any more ; used to read one almost daily but not for 10 yrs in any format. My kids laugh at the idea of buying a paper or even online versions.

[george stobbart] 14/1/2021 11:21

Renewi bonds continue to rally

RWI 3.000% 19-JUL-2024 now at 2.796% (bid /ask 100.659/100.99)

[dplewis1] 12/1/2021 09:55

The curse of the broadsheet share tip..!

[alan@bj] 12/1/2021 09:31

Last three paragraphs of the piece in The Times:-
Taken with falls in volumes as a result of Covid-related restrictions, particularly in Belgium, profits have taken a hit. In the six months to the end of September, underlying earnings before tax were down by 24 per cent to €15.3 million, although this was better than expected.

When full capacity resumes in Moerdijk, Renewi will regain €20 million in annual profits and reckons that it can generate a further €20 million from improvements to its processes. It also estimates that initiatives, including reprocessing additional materials, will generate another €20 million of profits over the coming five years.

Renewi is well placed to capitalise on the world’s appetite sustainability. The shares, which closed down 1p, or 2.5 per cent, at 42p yesterday, have the added attraction of being cheap, trading at 9.4 times Investec’s forecast earnings for a prospective dividend yield of 2.4 per cent. Those with an appetite for risk might see an opportunity.

[george stobbart] 12/1/2021 08:59

they tend to release a Trading Update normally between 20-30 Jan each year so we might get some news later in the month

[techno20] 12/1/2021 08:47

Buy recommendation in today’s Times

[outsizeclothes.com] 11/1/2021 12:14

Nothing share-wise climbs vertically without getting profit taking pull-backs.
Nothing sinister going on, just the market being normal.

[catch007] 08/1/2021 15:58

Maybe I jinxed it this morning as it was looking string early doors

[bartyb] 08/1/2021 15:52

Very sharp drop in Holland at 2.30 our time then partial recovery but no apparent reason

[wad collector] 08/1/2021 14:56

Funny sharp drop and a burst of sells ; some nervous profit taking?

[robsy2] 08/1/2021 12:29

Good point. We are nicely positioned here, especially now the share price is reflecting the turnaround.