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Nice little rise today, keep it going
No they have not scrapped the divi - they reduced it to 0.5p per share to be paid on 1st June so it goes ex-div in a couple of weeks.
Starting to look a bit better here after the kitchen sink job - what an absolute shocker of a collapse that was. I wonder if Kabouter will sell down completely?
Can anybody help
Has this company stoped its div if not when does it go ex and whats the amount
Thanks in advance
Do not think rise anywhere near large enough for this to be the reason. We should not forget that even where is is now, it represents a massive fall from a year ago. Gut feeling is that it is being seen as oversold. It is not 9 months ago since a broker was tipping it as a buy to reverse a dip down to 75p. Most of its competitors are performing much better faced with the same market conditions.
my guess on rise is good news ref the soil product has leaked out in advance of formal announcement.
bought a few more in the 26p dip this morning
Maybe an II buying ? The directors bought more a week or so back
Any idea why the rise?
A nice welcome rise, hope it continues
42trader, sorry to hear of your loss
Looks good here again :)
Not surprised at the recovery here today. If not for been at my father's funeral today, I would certainly have brought on the dip.
The trading update was not all bad at all.
Yes cut back on divi is not great but at least they have not got rid of divi all together as that would of automatically removed some hedge funds.
Another negative will be ATM, not being sorted, but this is already written into the share price. So writing off the guidance for this only leaves an upside if regulatory clearance is given.
Brexit uncertainties are also affecting the company with ELWA.
The plus sides are, RWI have had these problems written into the share price and are showing how they are dealing with it. Savings of 30 m euros this year and 40m 2020 with 30m saved in divi is covering the losses.
RWI is forcaste to be profit making next year with all these savings. Yes it is a blow to have the forecasts lowered but as i said, most of this is written in and with the NAV price at 55p this can really not drop a lot lower.
Blimey, I wasn't expecting the recovery to be this good
Certainly seems to have paid off, up 26% from the drop this morning
23.15p now
so far so good
Harry, I think the results when published will look awful and sp will probably go down to 18p BUT the moment the ATM problem is solved the sp will double or tripple imv. The info I lack is an understanding of how/when/if that will happen. Thoughts anyone?
Hope the SP holds for you but got out took the loss as dont see any upside from here. Maybe wrong but Management get 'fat' while investors get poor. They could have 'flagged' some of this crap before now
anyone's stop loss that triggered this morning at 18p might be a bit p'ed off now. I had a couple of grand left in here, but added a few extra on the dip
I just hope those here invested in RWI have put 'stop loss' on their investment. No way SP can hold with such bad news.
Franalex, 100% agree, the toxic waste that needs recycling sits in the board room!
Executive pay needs reducing now. It has continued to rise as shareholder value has been destroyed over many years. As a long term holder, it is further evidence that the Board have no idea on how halt the flow of problems. Too little specific sector experience within the Executive team. Really needs some of the Institutions to force some major change on the business.
I can now see why they raised all the extra cash. I am hoping this update is a kitchen sink job from which 'improvements' and executive pay can rise into the future.Not sure what willhappen to sp but not expecting a rise!
We just got the update and wow its nothing short of crap. Rebased divi, debt bad, ATM problem no end in sight. Fire sale of parts of the business. Big hit from Interserve. Really could not be worse but who knows the SP may rise. My guess is it will 'tank' but who knows.