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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Renewi - Waste recycling group enjoys three ahead of updates

December 2017

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.

  • Epic Code:
  • RWI
  • Price:
  • 105.5p
The old Yorkshire saying “Where’s there’s muck, there’s brass” is proving extremely apt for Renewi, a FTSE-250 company formed via the merger of UK-quoted Shanks, a waste recycling business founded in the 19th century and its Dutch counterpart, Van Gansewinkel (VGG), established in the 1960s. Since July the enlarged group has unleashed no fewer than three “ahead of expectations” updates, leading to sharp upwards revisions to forecasts. Peel Hunt has just increased its eps forecasts by 38% to 4.7p for the year to next March, rising to 6.8p and 7.9p in FY’19 and FY’20. Credit Suisse is more bullish still, expecting 4.8p, 6.9p and 8.4p.It’s fair to say that a couple of years ago Shanks would not have set TMI pulses racing, due to the c ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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