Member Info for bidnolid

There are plenty of reasons for people not to invest here so attracting new PI's is tough. Even the nomad has dropped analyst coverage until there's more clarity on financials. They are not flogging a dead horse at these conferences though, they are presenting market leading products and we've not got long to wait until we hear how the market is accepting them. I'm happy to wait, especially as I'm currently on the gulf coast of Florida and it doesn't seem as stressful anymore!

MWC Shanghai in June http://ethernitynet.activetrail.biz/MWCS2019-landing

https://twitter.com/BraveBisonIO/status/1126798631133163520

#BraveBison - #7 Most Viewed Global Media Property of 2018

@VTRNDnews - #3 Most Viewed UK Media Creator of 2018

#BluntKommunity - #5 Most Viewed UK Media Creator of 2018

Yes I agree. Over a month in the role and not a peep to reassure investors. People are of course going to assume the worst..very poor from Kate considering she's so highly regarded.

They found a brave soul willing to risk a grand..

Doesn't need to be one. MMs had a big overhang in the mid 30's when I spoke to my broker yesterday - could have bought 100k if you had wanted to. IMO they are just trying to spur a little buying interest by dropping it .. so far they have not tempted anyone into a purchase.

Welcome back the 20's. I'm back in the red on these now .. someone buy some!!

Dropped on no volume, presumably trying to tempt in buyers to offload the stock they've accumulated with the recent sells. Wonder who will bite..

Thanks for the info TL - good to have some reassurance from the company. I assume they are having to sooth the larger institutional investors with similar questions. Good to see none of them are selling out either.

Selling below bid now. I guess if you believe, this is the time you need to be brave and take advantage.

As PIs we are effectively being asked to keep our money in here in blind faith.. longy I agree the level of interaction with the market is ridiculous. I'm either going to be left holding my todger with a massive loss in 6 months or bragging about how much foresight I had. Given the AGM is in July I sincerely hope David and the team have been telling the truth and the market is in fact going crazy for their products.

Yes small amounts, but there's only so much topping up I will do. Danger of endlessly adding on drops is that if things don't go to plan you're too far underwater to rescue it and you end up as one of those lunatics on a chat board who lives his entire life vicariously through a company.. I don't fancy that much!

20's in sight this week. All hope from earlier in the year seems to have evaporated..yuck.

Yes I probably have a similar mindset. I don't hold that many AIM shares and I like to give the ones I do invest in a fair chance. David has stated many times that interest in their products is significant so I'm in for at least another 6 months to see if he's right.. let's hope these dry flip flop days don't last too much longer..

Yeah I've built a reasonably big position here and am basically flat which is quite frustrating. Given the news void it could go back to the 20's if someone decides they don't want the risk and sells out. Out of interest do you guys hold a decent chunk of shares here or are you waiting to see what the company comes up with in the results due in June before diving in?

https://www.electronicsmedia.info/2019/05/02/zte-selects-intel-easic-devices-for-its-5g-wireless-products/

https://www.ethernitynet.com/blog/data-plane-acceleration-more-recognition-for-fpga/

Down to 6.3 from 6.81%

Found it:

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%.

There's a new Edison Research note out.. can't access the full report at the mo.

Management flagged stronger Q4 trading, in line with its expectations. Netherlands soil remediation activities require regulatory approval and a prudent stance has been taken over resuming shipments there, which is the primary driver of our significant estimate reduction. In this light, the steps being taken for debt management, including a proposed dividend reduction, are entirely logical. Renewi’s rating is at depressed levels – we feel due to earnings uncertainty and higher debt levels – but potential resolutions to both issues are visible. The company is still yielding 4.4%.