FY18 results confirmed that the merger integration process is being well controlled and on track to deliver the synergy benefits flagged at the outset. Renewi is well positioned from a number of perspectives and has a clear path to achieving a good earnings uplift from current levels. Our headline estimates are unchanged and we expect the recent de-rating to reverse, resulting in a positive share price performance.
30 May 2018
Virtuous circular economy
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Virtuous circular economy
Renewi Plc (RWI:LON) | 564 -39.5 (-1.2%) | Mkt Cap: 454.7m
- Published:
30 May 2018 -
Author:
Toby Thorrington -
Pages:
8
FY18 results confirmed that the merger integration process is being well controlled and on track to deliver the synergy benefits flagged at the outset. Renewi is well positioned from a number of perspectives and has a clear path to achieving a good earnings uplift from current levels. Our headline estimates are unchanged and we expect the recent de-rating to reverse, resulting in a positive share price performance.