adri67 schreef op 1 oktober 2020 13:45:
Renewi Surges; Peel Hunt Says Covid Impact Less Than Expected (Bloomberg) -- Renewi shares rise as much as 23%, the most since May 29, after the waste management firm said trading has been materially ahead of its expectations. • Peel Hunt (buy) says the impact of Covid-19 on the business is proving less than expected and the 1H update is encouraging • Current low valuation at 3.4x FY22 EV/Ebitda “looking increasingly unsustainable” as investor confidence grows in Renewi’s recovery, analyst Andrew Shepherd-Barron writes • NOTE: Renewi shares down 36% YTD