Renewi Share Discussion Threads

[george stobart] 04/10/2021 11:14

SP likely to stabilise around these levels ahead of the Capital Markets Day in a couple of weeks.


should be a catalyst for share price to move further up

[catch007] 04/10/2021 10:41

Excellent TU and great to see the company progress its recovery.

[its the oxman] 04/10/2021 09:22

Just hold tight, break of 1000p feels inevitable to me. If our ship has turned could be a good few years ahead.

[george stobart] 04/10/2021 09:17

Peel Hunt analyst Andrew Shepherd-Barron cites improved economic outlook

o Boosts PT to 1,080p vs 850p
o Lifts FY22-24 pretax estimates to EU70.9m/EU77.2m/EU85.5m vs EU57m/EU68.5m/EU75m
o Raises EPS estimates to 66.3c/72.2c/80c vs 53.3c/64.1c/70.1c
o Says previous net debt expectation for March 2022 now too high

[dplewis1] 04/10/2021 08:55

Think maybe they're getting the debt lower before divis? I don't mind tbh, this company is now nicely turned around and in a great sector .. it'll come soon enough

[robsy2] 04/10/2021 08:49

Where is George today?

[its the oxman] 04/10/2021 08:34

Plenty to go here, surely it's the kind of environmental story investors want to buy into if the finances are getting back on track.

[wad collector] 04/10/2021 08:27

Encouraging TU , though no mention of restarting dividends. Guess need a bit more patience...

[pugugly] 04/10/2021 07:42

"Renewi has performed strongly in the first six months of the year, with increased volumes, improved recyclate prices and ongoing cost management continuing to support better than expected trading. Revenues on a like-for-like basis in the first five months have been more than 10% above the Covid-affected prior year and 7% ahead of the pre-Covid year ended 31 March 2020. "

Happy days -

[robsy2] 04/10/2021 07:26

Indeed. The broker conscensus is BUY with a price target of 782p, that's 30% upside before any probable upward adjustments in light of the better than expected figures in todays TU.
Looking good.

[dplewis1] 04/10/2021 07:07

Very nice TU

[robsy2] 30/9/2021 09:41

Ah ok gotcha!

[george stobart] 30/9/2021 09:25

In 2018,2019,2020 they've released an update on 1st Oct. Let's wait and see

[robsy2] 30/9/2021 09:17

Tomorrow George?
Isn't it 12th October according to the RWI calender?


Next Key Dates
12 Oct 2021 | Capital Markets Day
9 Nov 2021 | Interim Results FY22

[george stobart] 30/9/2021 09:00

tomorrow's H1-22 interims. let's see what's in store for this one

[outsizeclothes.com] 28/9/2021 13:34

Spice still adding

[outsizeclothes.com] 28/9/2021 13:32

A closing low over the next couple of days of no less than 580 keeps a very nice looking upward channel in place, with a 'next peak' target of 630 inside 2 weeks.
A 570 close breaks the channel pattern.

[dplewis1] 24/9/2021 15:07

Will be highest close in 3 years if it stays here

[outsizeclothes.com] 23/9/2021 12:57

They should send the timber to Ireland. - Wood prices here have sky-rocketed because the main 'environmental' charity is blocking all timber felling applications in court.
Timber is now being imported to Ireland from Russia to replace native timber.

[george stobart] 23/9/2021 09:45

Recyclates price changes since Renewi's FY-21 end (Mar-21)

Bloody hell, that's a lot!

+12.8% Ferrous metals
+58.5% Plastics
+174.3% Waste Paper
+174.8% Netherlands Electricity

On the flip side, Wood prices have tanked more than 50%

[george stobart] 23/9/2021 09:16

1st Oct approaching for an update and Recyclates prices have been surging aggressively (in line with commodities and electricity prices)

p. 53-57 within the FY21 presentation: Renewi provides its sensitivity assumptions to changes in Paper, Plastics, Electricity, Metal

All else equal we will likely see a surge in profits in H1 FY22 (ending Sep-21) due to the contribution from spiking Recyclate prices

Whilst it's inorganic/unsustainable and will likely (?) wash out in the next 12months, it is always welcome for investors to get an extra profit +contribution.

[george stobart] 15/9/2021 16:46

yes almost 6 quid and the euro shares above 7 EUR. looking good

[dplewis1] 15/9/2021 16:37

Closing in on 6 quid / 60p

[dplewis1] 14/9/2021 09:29

Looking solid here, better volume etc