Renewi Share Discussion Threads

[gregsc] 06/7/2022 08:25

There seems to be a growing disparity between the price in London and Amsterdam.
What are the chances that RWI will ditch their London quote.

[spypat] 29/6/2022 07:43

hxxps://site.recognia.com/recognia_news/serve.shtml?page=event&eid=UKvzNyAAQ4bwAagABAACAAAA_iZg&lang=en

Renewi PLC forms bullish "Upside Breakout" chart pattern
Jun 28, 2022

Trading Central has detected an "Upside Breakout" chart pattern formed on Renewi PLC (RWI:LSE). This bullish signal indicates that the stock price may rise from the close of 752.00 to the range of 917.00 - 955.00. The pattern formed over 125 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

[outsizeclothes.com] 28/6/2022 09:48

750 approaching. Rising wedge pattern broken to the upside, 3 month target 830.
Also a rising channel has been established.
All very looking good chart-wise ;-)

[outsizeclothes.com] 24/6/2022 22:59

710 'Ceiling' broken end of week. Very positive. I'm now looking for 750-760 as first upwards resistance, and, as I've said before, 820 after that.

[outsizeclothes.com] 24/6/2022 12:35

Again pushing against the 710 'ceiling'
Once it goes, it's the previous 750-760 October & Feb. "shoulders" that become a weak target, followed by 820 early Dec. "head"

[george stobart] 20/6/2022 10:11

Coast Capital Management takes 4.61% activist stake in Renewi according to RWI's FY22 annual report (p.80).


Coast Capital's most recent two UK investments have either being taken private by private equity (Blue Prism) or are currently under a bidding war (FirstGroup) from private equity groups.

They are effectively a US activist event driven fund.

Two things to consider for us.

i) we know what's coming for Renewi...

ii) why hasn't Renewi issued a TR-1 yet? Can't find anything over the past few months.

[outsizeclothes.com] 17/6/2022 23:21

A nice little rise into the close. Almost back against the 710 ceiling on a 'close of week'.
There's hope yet that this can be overcome, and a new target of 820 established again.
Today's move also now makes a short-term (since May) rising channel, whilst forming a rising wedge.
The rising wedge target is around 850 - 860 [ being 710 plus the length of the 150 point 'long side' March rise].
So all looking reasonably good chart-wise, and very good if 710 is breached.

[count dis] 15/6/2022 08:08

ABN Amro initiates Renewi with Outperformer, PT € 10.90.

[outsizeclothes.com] 13/6/2022 16:45

710 now very much a ceiling that will take a really sustained effort to overcome :-(

[wad collector] 09/6/2022 13:11

I'll not repeat myself. The price might go up. Or down. I don't know which but I believe it will not be at the same price next week...

[outsizeclothes.com] 08/6/2022 13:06

I'll repeat myself. Having gone through it yesterday, 710p now needs to hold on an 'end of day / week.'
If it does, a resistance base is formed at 710, with a shorter term target of the previous high at 820/830.

[theolonghair] 08/6/2022 09:21

(ABM FN-Dow Jones) The Renewi share is one of the few trendsetters on the Damrak in Amsterdam on Tuesday with a price gain of 7.1 percent.
The price increase seems to be due to the takeover bid for British Biffa, a sector competitor of Renewi, by Energy Capital Partners of 1.7 billion British pounds. The offer is 37 percent higher than Monday's closing price.

Investment bank Peel Hunt notes that Biffa is valued a lot higher than Renewi, but that the offer is still on the meager side. Biffa is offering £4.45 per share, but Peel Hunt believes a £5.00 offer per share is justified.
Biffa shares rose almost 27 percent to 4.12 pounds on Tuesday.
Source: ABM Financial News

Got it fromn a waste newsletter.

Hope this helps.

[dplewis1] 07/6/2022 16:11

Energy Capital Partners LLC's takeover approach for Biffa PLC could set off a wave of acquisitions in the U.K. waste-management industry. Renewi PLC and assets from French merger partners Veolia Environnement SA and Suez SA are potential targets.Biffa said Tuesday that it has received a takeover proposal from Energy Capital at GBP1.36 billion ($1.70 billion), or 445 pence a share in cash, compared with Monday's closing stock price of 325 pence. Analysts at Peel Hunt note the price is only 10% more than the shares traded at in the second half of 2021 and the 8.2 time enterprise value-to-Ebitda multiple is only slightly better than the sector's long-run rating of 7.0 times. Biffa shareholders might hope for a counter bid but its valuation is clouded by a current landfill tax compliance investigation with a possible maximum liability of up to GBP153 million.Meanwhile, other assets could prove attractive to prospective buyers. Biffa's smaller peer Renewi, which has operations in the U.K., Belgium and the Netherlands, trades at an EV-to-Ebitda multiple of 5.39 times according to FactSet. Analysts at Liberum suggest oil major Shell PLC could be interested in its recycling assets, having already invested in waste-to-chemicals company BlueAlp. Renewi shares climbed more than 8% on Tuesday. The planned merger of Veolia and Suez could also mean further waste-management assets come on to the market. U.K. authorities said last month the planned combination of the French companies created competition concerns in multiple markets within the British waste-and-water management sector, raising the likelihood they could be forced to divest some assets.

[wad collector] 07/6/2022 11:47

As the IC article last week highlighted, it seemed a good investment at £7 based on future earnings, so the possibility of a sometime bid makes it a good time to hold in my book. Historically most takeovers are at least 20% to the current market price, or they fail amongst the institutions, so that seems a reasonable level to look at.
All pure conjecture of course, but good to spread a bid rumour....

[gregsc] 07/6/2022 10:46

I wouldn't want to sell at less than £10

[george stobart] 07/6/2022 09:26

@sausage7 Yes agreed if mgmt and brokers don't sweat to bring inst capital in to improve RWI's trading multiple, PE approach will low ball offers < £10 is almost inevitable

It's just a matter of time (if it hasn't happened already)

[gregsc] 07/6/2022 09:14

I'm still hanging on to my 100K shares. Let's see where this goes.

[sausage7] 07/6/2022 09:09

At last! Will this be the catalyst for a sustained re-rating? The private equity boys are having a field day in the public markets, especially the UK. I think it is only a matter of time before Renewi receives a similar approach from a PE shop. If Mr de Bont wants to run a public company he has to get the shop broker to stimulate serious institutional interest and get up the price otherwise it will be too late.

[george stobbart] 07/6/2022 07:15

Boom! Takeover bid for Biffa at >8x EV/EBITDA while Renewi trades <5x at disstressed equity levels.

Will be scooping some more Renewi shares this week.

Looking across Europe, with the recent takeovers of Suez, Augean, Biffa (likely), Viridor (Pennon), Covanta, effectively the only pure plays left are Renewi and Veolia. You could argue that Veolia is a mix bag of waste, efw, water, utility asssets etc.

So Renewi is the only pure play recycler left to invest in Europe.

In theory, it should attract invesror flows given it's the only one left + takeover multiples more than support current valuation.

[sausage7] 06/6/2022 20:11

Sortera, a company backed by Nordic Capital, continues to grow internationally and is now acquiring a new company through O’Donovan Waste Disposal Ltd, one of the leading companies in London in collection and recycling of construction waste, with about 100 employees.The acquisition of O’Donovan is the first in U.K and is part of Sortera´s effort to expand in Europe’s major cities and to become one of Europe’s leading companies in collection and recycling of construction waste.

[george stobbart] 03/6/2022 08:33

CFO buying shares on her first day on the job.

+ve sign

[sausage7] 29/5/2022 15:47

Thanks for the heads up Wad !

[wad collector] 29/5/2022 10:04

IC have an article looking past the liabilities and loss making UK contracts to a surge in profits in the Low Countries , a rise in recycling material prices .BUY (702P)

[spypat] 25/5/2022 15:12

Renewi PLC forms bullish "Symmetrical Continuation Triangle" chart pattern
May 24, 2022
Trading Central has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Renewi PLC (RWI:LSE). This bullish signal indicates that the stock price may rise from the close of 685.00 to the range of 962.00 - 1,028.00. The pattern formed over 132 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Source: hxxps://site.recognia.com/recognia_news/serve.shtml?page=event&eid=UKvzLiAAQ4bwAggABAACAAAD6CZg&amp;lang=en

[sausage7] 25/5/2022 10:34

A disappointing opening today. We won’t see a sustained share price re-rate until the house brokers can bring in board proper long only insti money. The longer this situation persists the more vulnerable the company will be to a take private. I hope the new CFO understands this and courts larger investors, unless they prefer running a private company of course.