Market's view on Renewi Plc
Published on April 2024
- Speculation exists about potential dodgy trading in anticipation of a date making Renewi eligible for a go-shop period for a new takeover bid.
- Positive sentiments on the company’s recent updates and the strategic inclusion of a dividend announcement, though questions remain if this is enough to attract new investors.
- Renewi’s upcoming annual figures release on May 30 might include an announcement regarding the sale of the company.
- GLG Partners has increased their short position in Renewi to 2%.
- The newly appointed Director of Investor Relations at Renewi dodged critical questions at an introduction meeting.
- Renewi’s investor meeting lacked the facility for pre-asking questions, leaving some stock watchers dissatisfied.
- Discussion involves Renewi’s confidence in the UK PPP sale and potential for future takeover bids.
- Amsterdam appears to be becoming the primary trading hub for Renewi, with speculation about a potential UK delisting.
- Renewi has three months left to sell its UK business as previously promised to investors.
- Concerns are raised over Renewi’s management strategy, including the hiring of a former Dutch MP with a substantial salary for lobbying, which some view as a misuse of funds that could be better spent on strategic financial advisories.
- Macquarie Asset Management’s expression of no intention to bid under certain conditions, following their unsuccessful attempts to engage with Renewi’s board for a takeover.