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Very quiet on here! what are peoples thoughts on Renewi for 2021? It’s been on a great run since November
Https://oglinks.news/netherlands/news/renewi-nordsol-shell-produce-bio-lng-amsterdam-westpoort
Nice write up today in shares magazine
Good research- enough for me to top up for a mid length hold.
Gla
yes, good news
https://www.edisongroup.com/publication/expectations-raised/28259
Improved forecasts for 2021 and beyond. Seems to be moving the share price.
Thanks, wondered if you were talking pence. There have been a lot of falls like that over the years. The next thing we know they will be proposing a share consolidation because of price volatility caused by the low share price.
9% drop yesterday. Only a holder for a few years at an average 23p, so I have not the experience many other have had.
What movement are you referring to? I have seen nothing other than a continuation of the 10 year move downwards.
This is meant to a a boring share, not a mining company in chad or a tech company with zero revenue?
Are the market makers just mucking about here or was there any news?
We must remember that Peel Hunt are the company brokers and all broker forecasts appear to be valueless .
Well, that was a good day...... a few more like that and we’ll be back to the old timers price.
For the really old timers, it was 255p, in 1999 and the fall under £1 was seen as a buying opportunity.
Peel Hunt, which had a 'buy' recommendation on the stock, left its price target of 49.0p unchanged. But Shepherd-Barron added: "There is substantial upside beyond this if expectations begin to be delivered
For the old timers here this used to be 90p a share, it then collapsed mainly due to the ATM regulatory issues. Then it started recovering only for Covid to kick it down.
We know the ATM part of the business has now recovered so I personally believe the bottom is now in and broker reccomendation seems very reasonable.
Always useful to compare with the previous update; 7th July. At that point the sp was 27.55 with a net debt of £413, prompting Andrew Shepherd-Barron, analyst at Peel Hunt, to state: "Trading in the first quarter has been better than expected. We upgrade full-year 2021 profits before tax from €5m to €10m, and leave 2022 and 2023 unchanged at €42m and €63.6m respectively."
Peel Hunt, which had a 'buy' recommendation on the stock, left its price target of 49.0p unchanged. But Shepherd-Barron added: "There is substantial upside beyond this if expectations begin to be delivered."
Today the net debt has fallen further to £407M reflecting the further progress made and yet the sp even now languishes some 20% below the July 7th levels demonstrating the considerable upside in the short term
My thoughts exactly I actually said in my head a 'Solid update' haha. Glad ATM is getting up to speed.
Overall trading in the first half has been materially ahead of the Board's Covid-19 adjusted expectations Good recovery in Commercial volumes during Q2 with Netherlands now operating at 96% and Belgium at 90% of prior year Cost savings of €10m delivered during the first half.
The recovery of ATM has made good progress during the first half of 2020. An initial shipment of thermally cleaned soil (TGG) was completed in May. Further outlets of up to 1MT are in late stage discussions with the relevant authorities and some are expected to become available in the second half. New silos for filler and other storage equipment to enable the separation of cleaned soil into construction materials, like sand, gravel and filler, are being installed and will be commissioned on time in the fourth quarter. The order book for contaminated soil is building steadily but projects may be subject to delay as a result of Covid-19.
Hi Skid yes this was meant to be a 'defensive' holding that I'm down about 30% on .. d'oh! What's the point trying to diversify if they also lose money .. should have just stuck in all in Ethernity lol
Bidnolid, you and i seem to have an eclectic portfolio with ENET and RWI opposite ends of the spectrum - but hopefully both undervalued and under the radar in the market.
Solid update, i dont like the one off charges again, but will stop the share drift.
I assume you are talking about the 2000 £200m acquisition rather than the recent merger. This followed on from the Belgian acquisition and I think there was resentment that Shanks, who were mainly a landfill operator at the time, did not adopt the more modern Dutch approach to waste management. They also had a very strong management team in the Netherlands. Shanks then led the way in UK PFI contracts for Waste and disposed of its landfill and power business to Terra Firma who promptly merged it with WRG under the management of a former Shanks Director (now Chair of Augean). I think things started to go wrong with the retirement and departure of key executives but always believed it had good assets, some good people and a growing market that a strong Board would capitalise on. Sadly I have been waiting a long time for this team.
Very solid update, hopefully should stop this drift into the high teens
Looks bright
Franalex: I am so impressed that you have been in this share since 2008 & digesting the refused Carlyle share . As a matter of interest it would be most educational if you were able to compare Renewi’s fundamental earnings with similar waste disposal companies and why , given the ATM resolution, why the company is not performing better . Is the fault in Benelux bureaucracy or the motivation of the managers and employees? Maybe the Dutch hated the Shanks takeover and only now feel a truly European company without the British shackles . I suppose there must be hundreds of retail shareholders who would like a minimum of understanding - which you since 2008 must be in a good position to educate us .
Very few Uk staff now and even before the merger the Netherlands and Belgium dominated the Group. The U.K. staff are largely in the PFIs and the large ELWA contract has relatively few years to run. Have not understood for years why they carry the cost of a UK listing. Got to give the new CEO a chance but he has a big job. Remember this was once a FTSE250 business with share price above £2.
What any new shareholder needs to know
Is this : How good is the new CEO ? -seems a decent guy but can he lead ? - how is he viewed by the staff ? Finally how well do the English and Benelux staff get on together - has this dreadful merger finally found a clear road map.