Renewi plc (RWI) Renewi plc: Total Voting Rights 01-May-2024 / 07:00 GMT/BST Total Voting Rights In accordance with the FCA's Disclosure Guidance and Transparency Rules, Renewi plc hereby confirms that as at 30 April 2024 the Company's issued share capital consisted of 80,554,970 ordinary £1.00 shares with voting rights. No Treasury shares are held. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Renewi plc. About Renewi plc Re...
Having flirted with the 495-point mark on Friday, which could have triggered an extension of the correction, the market has rebounded well since then. Our technical analysis highlights a configuration in which we are only at the start of a powerful rally. Target of 622 points for Stoxx 600 index (+11%) by the end of the year confirmed. Prefer banks to insurance companies in the short term. - ...
Après avoir frôlé vendredi la barre des 495 points qui aurait pu déclencher la poursuite de la correction, le marché a ensuite bien rebondi. Notre analyse technique met en lumière une configuration où nous ne serions qu’au début d’un rallye puissant. Objectif 622 points (+11%) d’ici à la fin de l’année confirmé sur le Stoxx 600. Préférer les banques aux assurances à court terme. - ...
Renewi’s FY24 trading update was in line with management’s expectations and its improved cash generation is reassuring for investors. Attention is now likely to turn the strategic review of the UK Municipals with management stating that they remain on track to update markets by the end of June. This could lead to an exit of key liabilities and leave Renewi as an attractive circular economy investment with strong market positions and organic growth plans, which should assist in generating value, ...
>Outlook in-line with current market expectations - Renewi this morning published its FY24 (year to March) pre-close trading update:Most important: "The strategic review of UK Municipal remains on track for announcement by 30 June 2024."Outlook: "The Group is anticipated to report FY24 results in line with current market expectations."On revenues: "Group revenue for FY24 will be slightly lower year-on-year, as expected, reflecting the mixed market backd...
Renewi plc (RWI) Renewi plc: Pre-close trading update 25-Apr-2024 / 07:00 GMT/BST 25 April 2024 Renewi plcPre-close trading update Renewi plc ("Renewi" or the "Group") (LSE: RWI.L: Euronext Amsterdam: RWI.AS), a leading European waste-to-product company, today provides an update on the Group’s performance for the year ended 31 March 2024 (“FY24”). Overview The Group has continued to deliver against the strategic priorities previously communicated at Renewi’s Capital Markets Day (“CMD”) in October 2023.The Group is anticipated to report FY24 results in line with cur...
Renewi plc (RWI) Renewi plc: Block Listing Interim Review 02-Apr-2024 / 10:00 GMT/BST BLOCK LISTING SIX MONTHLY RETURN Date: 2 April 2024 Name of applicant: Renewi plc Name of scheme: Renewi plc Long Term Incentive Plans Period of return: From: 01/10/2023 To: 31/03/2024 Balance of unallotted securities under scheme(s) from previous return: 216,212 Plus: The amount by which the block scheme(s) has been increased since the date of the last return (if any...
Renewi plc (RWI) Renewi plc: Total Voting Rights 02-Apr-2024 / 10:00 GMT/BST Total Voting Rights In accordance with the FCA's Disclosure Guidance and Transparency Rules, Renewi plc hereby confirms that as at 31 March 2024 the Company's issued share capital consisted of 80,551,370 ordinary £1.00 shares with voting rights. No Treasury shares are held. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Renewi plc. About Renewi plc Re...
Renewi plc (RWI) Renewi plc: Delivering on Renewi’s organic growth commitments - Opening of hard plastics sorting facility Acht 02-Apr-2024 / 07:00 GMT/BST 2 April 2024 Delivering on Renewi’s organic growth commitments Opening of hard plastics sorting facility Acht Renewi plc (“Renewi”, the “Company” or, together with its subsidiaries, the “Group”) (LSE: RWI.L: Euronext Amsterdam: RWI.AS), a leading European waste-to-product company, announces the recent opening of its hard plastics sorting facility in Acht, The Netherlands. With this strategic investment, first announced d...
>Lowering expectations on the back of correction in recyclate prices - Today we are lowering our earnings expectations for Renewi on the back of the further weakening in plastic, glass, wood & paper prices from their 2021 & 2022 highs, as well as the slowdown in the Dutch construction market: Underlying EBITDA. We are cutting our 2024e/25e/26e underlying EBITDA expectations by 5%/9%/8% respectively to € 230m/€ 256m/€280m respectively. Underlying EBIT. Our 20...
Renewi plc (RWI) Renewi plc: Total Voting Rights 01-March-2024 / 07:00 GMT/BST Total Voting Rights In accordance with the FCA's Disclosure Guidance and Transparency Rules, Renewi plc hereby confirms that as at 29 February 2024 the Company's issued share capital consisted of 80,549,570 ordinary £1.00 shares with voting rights. No Treasury shares are held. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Renewi plc. About Renewi plc ...
Renewi is a well-placed strategic asset given its standing in the circular economy and market-leading positions in the Netherlands and Belgium. The Q3 update highlighted weaker construction and demolition markets in the Netherlands leading to reduced company guidance, although management has taken swift action to reduce costs. As these benefits come through, confidence in the company and its long-term opportunities should drive the share price once more.
To date, we believe it is a bit early to fully reweight midcaps due to the timing of the interest rate cut which our economists/strategists are expecting in mid-2024, but: i/ valuations (P/E 2024e: 12.5x - 2024e EV/EBITDA: 6.3x) offer, at least occasionally, a number of opportunities (discount close to 30% compared to large caps), ii/ expected growth is at ~4% (2024e sales) and 8% in 2024e EBITDA and iii/ the approach of easing interest rates initiates a change in the general risk per...
>Q3 trading update: continuation challenging market circumstances - Renewi this morning published its Q3 (quarter to Dec 31) trading update:Current trading. “Overall, Q3 trading performance reflected a continuation of the challenging economic backdrop in several key markets which was offset, in part, by further good progress in the Group's margin initiatives.”Commercial Waste Netherlands: Volumes, particularly in the Construction and Demolition segment, cont...
Renewi plc (RWI) Renewi plc: Trading Update 30-Jan-2024 / 07:00 GMT/BST 30 January 2024 Renewi plcQ3 Trading Update Renewi plc (“Renewi”, the “Company” or, together with its subsidiaries, the “Group”) (LSE: RWI.L: Euronext Amsterdam: RWI.AS), the leading European waste-to-product business, announces its results for the third quarter ended 31 December 2023 (“Q3”).Current trading Overall, Q3 trading performance reflected a continuation of the challenging economic backdrop in several key markets which was offset, in part, by further good progress in the Group’s margin initiatives.Wi...
Renewi plc (RWI) Renewi plc: Total Voting Rights 02-Jan-2024 / 10:00 GMT/BST Total Voting Rights In accordance with the FCA's Disclosure Guidance and Transparency Rules, Renewi plc hereby confirms that as at 31 December 2023 the Company's issued share capital consisted of 80,509,970 ordinary £1.00 shares with voting rights. No Treasury shares are held. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Renewi plc. About Renewi plc ...
Renewi plc (RWI) Renewi plc: 2023 AGM – Update Statement 05-Dec-2023 / 14:00 GMT/BST 5 December 2023 Renewi plc (“Renewi”, the “Company” or, together with its subsidiaries, the “Group”) 2023 AGM – Update Statement In its 2023 Annual General Meeting results announcement the Company noted that resolution 17, the second of the two Disapplication of Statutory Pre-Emption Rights authorities sought, did not receive sufficient support to be passed at the AGM and received over 20% of votes against. In accordance with provision 4 of the UK Corporate Gov...
Renewi plc (RWI) Renewi plc: Total Voting Rights 01-Dec-2023 / 07:00 GMT/BST Total Voting Rights In accordance with the FCA's Disclosure Guidance and Transparency Rules, Renewi plc hereby confirms that as at 30 November 2023 the Company's issued share capital consisted of 80,508,620 ordinary £1.00 shares with voting rights. No Treasury shares are held. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Renewi plc. About Renewi plc ...
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