Renewi Share Discussion Threads

[george stobbart] 07/7/2021 14:35

The Renewi Bond 2020 3.65% that matures in a few days has rallied a lot recently and now yields just 1.6%

vote of confidence for renewi by bond investors

[dplewis1] 07/7/2021 12:45

Pushing ever closer to 60p

[pdosullivan] 07/7/2021 00:52

And worth mentioning here that most of the proceeds will be going on redeeming a 3.65% green retail bond; the lower coupon on the new issuance likely reflecting the Group's enhanced standing with investors.

[outsizeclothes.com] 06/7/2021 19:35

In inflationary times, I view getting a chunky bond away at 3% is actually quite a good deal.

[gregsc] 01/7/2021 18:37

Hopefully, we will have a trading update on 6th July.

[skinny] 27/6/2021 12:27

Renewi are mentioned in the "Powering the circular economy section.

[george stobbart] 08/6/2021 11:16

Research Note this morning from Investec.

RENEWI PLC: Target Px increased to 70 GBp
Renewi (RWI.L, BUY, TP 70p (vs. 60p))

•We describe Renewi’s strategy as 20/20/20, or more precisely a target of adding €60m EBIT within 3-5 years, comprising three pillars of c.€20m, part self-help, and part growth investment.

•With growth capex of €25m targeted for FY22, and a driver of EBIT growth, complemented by Renewi’s confidence in delivering Renewi 2.0 and the ATM turnaround, we believe that Renewi is on a pathway to deliver the bridge, with our updated estimates suggesting €57m of additional EBIT by FY26E vs. underlying FY20A.

•The innovation pipeline offers a variety of opportunities, some more advanced than others. We see potential for Renewi to make additional investment to deliver incremental earnings.

•Our near term (FY22E) EBIT estimates are raised as a consequence of Renewi beating our FY21 expectations, in turn providing confidence that our largely unchanged medium-term (beyond FY22E) EBIT forecasts are achievable, while our valuation moves up to 71p (from 63p), supporting a higher target price of 70p (vs. 60p).

•We believe that Renewi is well placed to benefit from tightening regulatory targets, and the EU’s Green Recovery Ambition

[george stobbart] 03/6/2021 10:45

Yep let's hope so!

Looking at their Results Presentation, it seems that Legacy ATM is progressing well despite delays.

i) New (Inbound) Soil Production

FY21: Capacity increased from 2% to 30%
FY22: Capacity could possibly move from 30% to 50% based on existing pipeline.
*They might be setting conservative forecasts here, in order beat low expectations in coming quarters.*

ii) Old Inventory (that's been seating for years in warehouses and costing millions in storage costs)

c. 50% of remaining inventory is 'under signed contracts' with the rest under discussions

[wad collector] 03/6/2021 10:27

George looks like might move above 60p this WEEK!

[robsy2] 02/6/2021 17:13

Sit tight.An opportunistic bid is the least worst outcome here.

[george stobbart] 02/6/2021 16:53

Yes let's hope you are right and share price moves above 60p this month

[its the oxman] 02/6/2021 14:05

Think it will be 60p before the statement, but agree it will probably push it higher still. Just a case of holding tight and waiting for the rise.

[george stobbart] 02/6/2021 13:56

they normally provide a trading update during the first week of July so we might get some positive news next month to push the price above 60p

[dplewis1] 01/6/2021 17:18

3m volume not to be sniffed at

[gregsc] 01/6/2021 17:10

Disappointing end to the day. This share continues to be frustrating. Seems to be trying to move ahead on AMX, but held back in UK.

[george stobbart] 01/6/2021 12:55

Stifel raises TP to 80p from 74p

[dplewis1] 01/6/2021 08:14

What's with all the volume?

[pugugly] 29/5/2021 14:15

cda - Thanks for sharing - My take AOK apart from debt worries

[its the oxman] 27/5/2021 22:52

Agree , strong possibility we are bid for as every month goes buy as debt gets managed and business recovery continues. Might be a shame if it comes too soon though and takes away the upside.

[outsizeclothes.com] 27/5/2021 10:44

I'm happy with what i'm reading, although would like to have seen the divvy restored.
With Augean possibly being bid for, and our performance looking ever more positive going forward, we are now looking an attractive target for any potential preditor,- or private capital buy-out.
£8 / €9 a share post consolidation ?

[spypat] 27/5/2021 09:56

A fund manager may run a low-risk portfolio with an internal rule that restricts buying shares priced under 100p since they are considered risky penny shares.

[george stobbart] 27/5/2021 09:54

'compliant portfolio rules'

This practically means that a lot of small- to mid- cap managers tend to avoid stocks that trade <100p. That is the case mainly in Cont. Europe where most managers avoid stocks trading <1 Eur.

A share consolidation has zero effect on your shareholding - you will still own the exact same monetary amount post consolidation. The only thing that changes is the number #shs and the price per share.

[robsy2] 27/5/2021 09:36

Interesting, the compliant portfolio rules. Can you elaborate?