Augean Share Discussion Threads

[hectorp] 23/5/2012 10:56

Yes good news, but the share starts to languish.
Could it be that investigation, that such plants are dangerous, and may have to reduce some of the materials presently disposed there? This is on my watch list but I'd need to know more.
" where there's muck there's brass" should apply here.

[lbo] 15/5/2012 16:03

Revenues at its Environmental division increased by 24.7% to €132.7m while operating profits rose by 22.6% to €14.2m as it benefited from the first time contribution of Oakwood Fuels. It said the business in Ireland performed well, driven by the development of innovative solutions for hazardous waste and tight control of costs.



Waste and recycling M&As hit record levels

[lbo] 09/5/2012 09:00

Augean hits year-high 2nd time in three months

[hectorp] 03/5/2012 08:01

I read there is to be an investigation into high heat incinerators as they are creating bacterial pollution nearby. Perhaps they will have to restrict the work they do on food waste.

[lbo] 18/4/2012 11:37

Discovery deal boosts Augean

[lbo] 17/4/2012 20:08

Augean has continued its development of a range of solutions to treat and manage a variety of waste streams with the announcement that has entered into a 10-year agreement to manage and operate a commercial high temperature incinerator at Discovery Park in Sandwich, Kent. This is another string to Augean's bow and provides the opportunity to increase utilisation across the group, offer a further added value service to external customers and reduce certain internal costs. We view this as another step in the strategy to provide an integrated waste management service aligned with the trend towards waste recovery.

[lbo] 17/4/2012 10:54

At Kings Cliffe, Augean is seeking a development consent order allowing it to treat up to 150,000 tonnes of soil and up to 150,000 tonnes of hazardous waste per year, subject to an overall upper annual limit of 250,000 tonnes across both categories.

Augean's Kings Cliffe operation has been the subject of local controversy. In January, campaigner Louise Bowen-West lost a Court of Appeal challenge against a decision by communities secretary Eric Pickles to allow temporary disposal of low-level radioactive waste at the existing landfill until 2013.

Bowen-West claimed that Pickles' decision set a precedent for the expansion proposal, which would allow treatment and landfilling to continue until 2026. But the court held that it was correctly reache



Augean wins incinerator deal

Once fully operational, the facility is expected to deliver revenues to the group of between £2m and £3m per year and EBITDA [earnings before interest, tax, depreciation, and amortisation] contributions between £300,000 and £500,000.

Over the remainder of 2012 we expect to begin to leverage trading throughout our network to supply the new facility, particularly focusing on promoting the benefits of energy recovery to our customers.

[lbo] 10/4/2012 21:27

Shanks reports 'robust' financial performance

[hectorp] 10/4/2012 10:24

I am making up a list of quality plays , with low debt and strong assets. My idea is to by the lot of them, even if done on paper. See my MISC thread if interested. My basic list will include

SDY Speedy Hire
AUG Augean
VDN Vindon
AHT Ashtead
WTM Waterman
LVD Laverdon Group
DRV Driver Group
and, SHFT.
PS I was amused by their choice of company name - you can get a lot of sh+t in an Augean Stable . Seems to be turning out well for them so far.

[lbo] 04/4/2012 11:30

2012 could well see the shares re-rate as further evidence of management's ability to deliver the recovery in the core and expected initial volumes of LLW becomes reality and upgraded forecasts are met. With a bearish low case valuation around the current share price, we believe the opportunity to participate in the upside to our conservative mid and high value cases of c 54p and 82p is considerable.

[lbo] 02/4/2012 15:05

Augean hits twenty-seven-week high on strong volume



TECHNICAL ANALYSIS

Uptrend

Breakout: the stock traded at high of GBX35.35

[zyper2] 30/3/2012 14:57

....and here we go again, you can predict this share like death & taxes. It goes up a few pennies pre & post results then starts dropping down in subsequent weeks. I'm sure we might see mid 20's soon as always. I nearly soldsold at break even yesterday but was encouraged by the results & decided to hold. Let's hope I've made the right decision as I've been here a number of times before!! gla. z

[lbo] 29/3/2012 09:52

New UK strategy for managing low level radioactive waste

[zyper2] 29/3/2012 09:49

indeed!! and judging by yesterdays buys of c5m shares & continued, albeit much smaller buying this morning, lloks like someone is building a nice stake. i wonder if we'll see an rns on shareholdings soon enough?! gla. z

[lbo] 28/3/2012 15:59

HAZARDOUS waste firm Augean is forecasting profits will more than double this year as it starts to take low level waste from decommissioned nuclear power stations.



A report by Edison Investment Research in March 2010 suggested that if Augean was to accept its full quota of radioactive waste, its profit from the King's Cliffe site would be in excess of £100 million per year. With an extension of ten years Augean could make £1 billion in profits over the next 10 years.

"Based on Augean's initial predicted volumes of 2,500t, we
believe that this could potentially add c £1.2m of sales and c £1m profit to 2011 numbers,effectively doubling our current forecast. Given that the group is seeking permission to handle 250,000t/pa, this waste stream could add significant future profits"

[lbo] 31/1/2012 22:10

Augean's pre-close statement has both reassured and excited us. The core underlying performance is in line with expectations despite the economic climate and stiff competition, while the potential volumes in Low Level Waste (LLW) and the progress achieved on other strategic opportunities hint at the step-change to come. In our view, 2011 was a year full of preparation, positioning and restructuring for the future, both in organisational structure and market focus. We believe 2012 will be the year this groundwork begins to translate to a significant potential performance uplift that could well accelerate in the years beyond.

[morton2011] 27/1/2012 08:07

Huttonr - I would take their offer if it is above yesterdays share price although you might want to ask them how they know you have the shares!

Todays Trading Statement:

* strange comment on cashflow. Of course ones cashflow improves after year-end if you adjust for customer collections?
* debt generally from what they say not an issue particularly as they say they have £ 6 million of headroom which is going to extend for 3 years
* LLW - edison will need to redo their forecasts. Augean guiding for 2000 tonnes in the 'year ahead' which at £ 500 per tonne would not pay last years legal bills (but will improve the profit this year but not by much)
* 12% increase in Landfill Sales has not translated into a profit increase, or much of a profit at all and no reduction in debt. Disappointing, more work at lower margins?
* Insurance claim - they do not quantify the value but often these provide short term profit lift. Previous statements have suggested the plant is not going to operate again. They also have not stated if the money was received in q4 which could have 'improved' the debt position if so and would not recur.

Outlook - if there are no 'material improvements to revenue and profit' this share price is only going down. So good luck to them, I remain an interested spectator but can see no reason to buy.

[huttonr] 24/1/2012 15:29

I've just been rung up by someone asking about Augean shares in relation to a possible takeover - I assumed that it was some sort of scam so, in order to get rid of him, said I had sold the shares.
Is anything actually going on?

[morton2011] 19/1/2012 10:03

Commercial implications presumably means increasing their earnings forecast via their in(house)dependent analysts Edison and the like. Hopefully for the rest of us it will be via a detailed RNS.

Site must be ready as they have taken in waste already. They do however need to extend the planning permission for the site which runs out in 2013 and which is what the locals will now focus on challenging.

For shareholders they now have to deliver on the volume and prices for LLW. It will be profitable for Augean but not seen any truly independent analysis of how big the market will be for the next 2 years which is the timeframe of most investors these days.

Would not be surprised to see on 27 Jan some large goodwill and other writedowns, site closures, redundancy, cost cutting etc accompanied by cheery words about the future being bright on the prospects of LLW in Q2 2012 eg more jam tomorrow

Industrial Waste sector generally pretty moribund. Shanks down 30% or so over the last 12 months. Worth holding Augean I guess at these prices but still very risky if the LLW market is not what they expect.

[cerrito] 18/1/2012 15:55

To me a confusing RNS
They talk about commencing commercial operations in H1 2012; on Jan 5 they talked about making available the site in Q1 2012. It is either sloppy wording or there have been further delays.


Also I have no idea what they mean about considering the commercial implications of the judgement as it was what they had led us to believe they were expecting.
Let's hope we get greater clarity on Jan 27.