Updates

Renewi

April 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Having boasted four “ahead of expectations” statements in 2017, Renewi’s latest update covering the second half period to 12th February was a quieter affair, noting trading was positive and in line with merger synergy and integration plans “progressing well and on track.” At least Eu12m annualised savings will be achieved this financial year as expected while the overall Eu40m cost saving target is on track.The Commercial division (67% forecast FY’18 EBITDA), which comprises the collection, sorting and treatment of commercial waste, continued to perform well in both the Netherlands and Belgium and is well ahead of the prior year. As expected, volume growth declined towards the end of Q3 reflectin ...

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UP Global Sourcing

Coats Group

Renewi (January 2019)

Renew (May 2018)

Renewi - Waste recycling firm likely to beat forecasts due to boom in Netherlands (January 2018)

Renewi - Waste recycling group enjoys three ahead of updates (December 2017)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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