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
  -0.35p -1.03% 33.65p 1,130,816 16:35:05
Bid Price Offer Price High Price Low Price Open Price
33.45p 33.70p 34.55p 33.40p 33.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 1,780.70 -89.00 -11.60 269.2

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Date Time Title Posts
18/6/201915:57There is money in muck734

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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 34p.
Renewi Plc has a 4 week average price of 29.50p and a 12 week average price of 18.98p.
The 1 year high share price is 85.10p 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 1,078,576 shares. The market capitalisation of Renewi Plc is £269,244,839.30.
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.
sirrux: Gnawe, I think we'll just need to wait and see. On the PFI stuff, the council concluded that it would be more in the public interest not to know - that always begs the obvious question, how will the public suffer if they know? The BBC are appealing that decision according to the article. Ultimately whatever Renewi's fate and I hope it's a good one the falling share price certainly indicates something troubling more than just PFI-related issues, but for all we know Renewi may not be the bad guys here just the victims. That's the gamble - if they are it's nose dive time. Clean or dirty, what's the verdict? There's potentially treasure here, so keeping an eye on it.
taximania: I have always been offered better than bid so nothing new there. No smoke without fire and the share price performance is abysmal. Dont forget theres gonna be any update very soon ...i dont really want to be holding any on that day ...will be easy enough to buy again even its a bit higher but you have to assume its not going to be pretty i think,
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.
wad collector: Yes, his contact has hinted that at some point in the future , an in-nominate organisation will decide to offer an undisclosed sum for a proportion of the equity in this company. Or maybe another one beginning with R. or was it D? It is hard to fathom quite why the share price has dropped so much this year in the absence of any clear adverse news. I am pleased to see that not much shorting interest but I always worry in this situation about hidden bad news that everyone inside the company knows but only tells their friends. My approach is to batton the hatches and buy no more , sell none and keep fingers crossed for a medium term share price recovery. But that approach has cost me a small fortune with some recent lemons ; Carillion , Interserve and Provident Finance to name a few, so don't value my advice!
Renewi share price data is direct from the London Stock Exchange
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