Management’s unchanged guidance and ongoing focus on debt reduction were the financial headlines for Renewi at the halfway point of FY20. Continued progress in the company’s largest division plus ATM appearing to be closer to resolving soil remediation issues are the two key pre-close messages, in our view. Other divisions are also performing in line with management expectations. Valuation multiples remain low in conventional terms with earnings and dividend growth expected to res
02 Oct 2019
Renewi - All divisions on track
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Renewi - All divisions on track
Renewi Plc (RWI:LON) | 574 45.9 1.4% | Mkt Cap: 462.0m
- Published:
02 Oct 2019 -
Author:
Toby Thorrington -
Pages:
3
Management’s unchanged guidance and ongoing focus on debt reduction were the financial headlines for Renewi at the halfway point of FY20. Continued progress in the company’s largest division plus ATM appearing to be closer to resolving soil remediation issues are the two key pre-close messages, in our view. Other divisions are also performing in line with management expectations. Valuation multiples remain low in conventional terms with earnings and dividend growth expected to res