Longer-term recycling trends remain favourable and the next phase of strategic development indicates greater focus in core areas to pursue growth. In the near term, we acknowledge that ATM will be a distraction until full permit authority is formally restored and is weighing on our earnings expectations, which have stepped down by c 20% this year and by a lower double-digit percentage in the following two years. In a period of stark, risk-averse market sentiment, Renewi’s share price ha
17 Dec 2018
Renewi - Near-term trading distracting from long-term trend
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Renewi - Near-term trading distracting from long-term trend
Renewi Plc (RWI:LON) | 573 45.8 1.4% | Mkt Cap: 461.5m
- Published:
17 Dec 2018 -
Author:
Toby Thorrington -
Pages:
6
Longer-term recycling trends remain favourable and the next phase of strategic development indicates greater focus in core areas to pursue growth. In the near term, we acknowledge that ATM will be a distraction until full permit authority is formally restored and is weighing on our earnings expectations, which have stepped down by c 20% this year and by a lower double-digit percentage in the following two years. In a period of stark, risk-averse market sentiment, Renewi’s share price ha