Year to date trading has been in line with management’s expectations, which are also unchanged for the year as a whole. Forward momentum in the important Commercial division is continuing and we see other noted actions as positive, logical moves. Investor sentiment appears to have waned since the FY19 results announcement, but the investment case is gradually strengthening in our view and from a single-digit P/E base.
11 Jul 2019
Renewi - Start to FY20 as expected
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Renewi - Start to FY20 as expected
Renewi Plc (RWI:LON) | 585 210.6 6.5% | Mkt Cap: 471.2m
- Published:
11 Jul 2019 -
Author:
Toby Thorrington -
Pages:
3
Year to date trading has been in line with management’s expectations, which are also unchanged for the year as a whole. Forward momentum in the important Commercial division is continuing and we see other noted actions as positive, logical moves. Investor sentiment appears to have waned since the FY19 results announcement, but the investment case is gradually strengthening in our view and from a single-digit P/E base.