Share Name Share Symbol Market Type Share ISIN Share Description
Renewi Plc LSE:RWI London Ordinary Share GB0007995243 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 31.55 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
31.55 31.80 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 1,780.70 -89.00 -11.60 252
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
17/10/201917:13There is money in muck852

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Renewi Daily Update: Renewi Plc is listed in the Support Services sector of the London Stock Exchange with ticker RWI. The last closing price for Renewi was 31.55p.
Renewi Plc has a 4 week average price of 29.85p and a 12 week average price of 28.75p.
The 1 year high share price is 58.80p while the 1 year low share price is currently 18.98p.
There are currently 800,133,252 shares in issue and the average daily traded volume is 558,615 shares. The market capitalisation of Renewi Plc is £252,442,041.01.
robsy2: Edison Update: Management’s unchanged guidance and ongoing focus on debt reduction were the financial headlines for Renewi at the halfway point of FY20. Continued progress in the company’s largest division plus ATM appearing to be closer to resolving soil remediation issues are the two key pre-close messages, in our view. Other divisions are also performing in line with management expectations. Valuation multiples remain low in conventional terms with earnings and dividend growth expected to resume in FY21 on our estimates. The end H120 update reiterated the AGM message regarding ongoing progress in the Commercial division sustained by firmer pricing and synergy benefits. There are likely to be general market effects from trading difficulties at AEB in the Netherlands (most obviously, reduced incinerator capacity and reduced refuse derived fuel or RDF intake) as the supply chain adjusts. Renewi’s contractual positions and other mitigating actions taken lead management to believe that there will be little impact on the company during FY20. Encouragingly, ATM appears to be clearing soil testing hurdles to satisfy the regulator in Holland and a re-opening of the market is expected although no firm date is provided. Additionally, ATM has developed potential markets for separated/graded soil components sufficiently to invest in processing capacity in this area; once certified, these products will aid diversification in end market application and revenue generation for the company. Apart from a new service agreement at Derby, no further detailed comments were made on UK Municipal or Monostreams, which are performing in line with board expectations. This perhaps indicates greater stability in these two divisions following portfolio adjustments and some management changes, respectively. Other corporate activities, ie green financing initiatives and business disposals, are as previously reported save for confirmation that the Canadian Municipal disposal completed and the initial C$82m/c €55m proceeds were received prior to the period end. Valuation: Single-digit multiples, c 5% dividend yield Renewi’s share price is broadly flat year-to-date and yet to regain the year high of 37p seen just prior to the FY19 results announcement in May. On our unchanged estimates, the company’s P/E and EV/EBITDA (adjusted for pensions cash) compress to 5.2x and 3.8x respectively by FY22 with a prospective FY20 dividend yield of 4.6%.
sjoerdaktetas: I think that all negative scenarios are reflected in the current share price. I don't expect very good news but i'm slightly optimistic
dibbs: Very likely. They still hold 5% or just under 40 million shares so they might be at 37 million now! Over recent months their holding has steadily reduced. The removal of this overhang of stock can't come too soon but could still be with us a while. Shareholders in RWI can but hope that someone picks up a lump of stock soon removing this constant drip feeding of stock into the market. Hopefully RWI remains a good example of a company having a few issues which caused it's relegation from FTSE 250. That in turn saw massive selling by funds which has destroyed the share price beyond where it probably should be. No my biggest holding but I'm optimistic RWI will do ok before too long. Dibbs
dplewis1: Edison note FY19 in line, guidance reduced for FY20 The Commercial division had a stronger Q4 including delivering planned synergies following price increases at the start of the quarter. As seen at the H1 stage, other divisional performances remain variable but overall group profitability was as management anticipated. Cost-reduction actions are underway in all divisions to improve performance and plant efficiencies, which will strengthen the group platform for future growth. Separately, we now expect total exceptional charges, which are mainly non cash, of €80m+ in H2, over half of which (c €45m) relates to the Derby energy from waste project delays and financial difficulties at prime contractor Interserve. Other components include synergy delivery costs and proactive provisioning at UK Municipal ELWA, given possible Brexit impacts. Looking ahead, guidance is now to expect no resumption of remediated soil deliveries from ATM in FY20, which explains over two-thirds of our 36% lower group PBT for that year (with a 20%+ reduction in FY21 also). The existing 3.5x net debt:EBITDA covenant has been extended for a further year (previously due to step down to 3.25x in June), which looks sensible given our projected c 3x end FY19 position and allowing for some normal seasonal working capital fluctuation. A flagged dividend reduction (to 1.45p/1.68c) for the year including a proposed 0.5p final, versus our previous expectation of a flat 3.5c (3.05p) payout), forms part of this debt management strategy. Previously flagged disposals (ie Hazardous, Reym, and Municipal, Canada) are said to be progressing, with the latter business at the due diligence stage, and are expected to reduce net debt in due course. Valuation: Event-driven net debt reduction upside Renewi's share price has rallied to January 2019 levels but remains over 60% below its 86.9p year high (June 2018) with estimates also under pressure during this time. Factoring in our revised forecasts, the FY20 P/E has compressed to 8.3x with EV/EBITDA of 4.9x, which become 5.7x and 4.2x respectively one year further out. The group net debt position could improve significantly if disposals complete and/or the ATM position is resolved, although the timing is uncertain. Even following the proposed dividend reduction, Renewi is yielding 4.4%.
betman: After months of relentless falling has the share price actually bottomed out and turning the corner ? I do hope this isn't a dead cat bounce as this has felt like a dead cat as my capital has disappeared. Too late to sell now. I hope all the bad news is out there and now we can look forward to some more positive news
sunnybeachboy: Nobody posting is great.No parasite or leeches talking the share price down.The bid is increasing every single day since it bottomed at 23.4p. If this doesn't hit 42p in March I will be extremely upset. Good luck all.I know a couple of posters missed for last 2 days :) Catch you all Monday!
george stobbart: Hopefully RWI is the next Earthport (AIM: EPO.L)! EPO share price got destroyed daily like Renewi for a year or so and is now +600% off the lows because Visa/MasterCard are bidding to buy them out
taximania: Good is that its not bad R2 :-) Would have been easy to kitchen sink it after the 70% fall in the share price and upcoming change in management, ive long since given up on trying to make short term money but a 10% yeild and that reassurance make it worth a punt imo.
taximania: I would have said the soil is the issue, when you merge like that and then find out you are losing 3m a month in profits it doesn't inspire confidence ...that oncoming update will make things clearer, share price suggests lower profits and maybe a suspension of the divi imo but i hope not...if the update is solid easy to see a near 100% rise but would rather invest more after the facts are clearer.
jdung: the share price is 50p at 3 months ago, I say that time, the tared line maybe at 35-40p, today price is 29p what is tared support line? I ask city boy, who working city, he just say: not buy.
Renewi share price data is direct from the London Stock Exchange
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