Augean Share Discussion Threads

[mrx9000] 22/1/2015 22:41

Certainly dropped some, however I see volume picking up.

[lbo] 22/1/2015 09:06

WASTE management business Augean said this morning it performed well in the second half of 2014, and confirms that underlying profit before tax is expected to be in line with market expectations.

In an update prior ahead of issuing its preliminary results for the year ended December 2014, the Wetherby-headquartered firm added that net debt, as at December 31 2014, is lower than market expectations.

Dr Stewart Davies, chief executive officer, said: "2014 was the first full year of trading since the announcement of the group's new strategy. We have seen the strategy gain traction during 2014, with an extremely encouraging performance for the year, which we expect to be reflected in 2014 earnings and cash flow compared to 2013.

“Despite the adverse conditions currently seen in one of the markets in which we operate, we continue to see benefit from the diversity of the sectors that we serve and from our ability to provide an integrated offering to our customers, from energy-from-waste to nuclear decommissioning and high value manufacturing. We are well positioned to continue the delivery of our strategy and to further strengthen our position in specialist waste markets"

The group's preliminary results for the year ended December 2014 are expected to be announced in March

[woodcutter] 16/1/2015 13:26

Investors waking up to the drop in POO here. Must impact the north sea drilling waste revenue! Off a few more pence today.

At interims NSS revenue was £5.8m that's a fair chunk of the £24.9m total for H1. Expect to see a profit warning for H2?

Woody

[lbo] 16/1/2015 10:54

Volume picking up again

[cerrito] 13/12/2014 18:50

From FT Today
Not all that accurate as it was Wednesday of 10 days ago that he bought the shares
quote
Shares in Augean were on the slide in the autumn.
Having peaked at the end of August, the stock had fallen 13 per cent by mid-October. Jim Meredith, chairman, kept a cool head, spotting a bargain at 46p and buying at that price three times in a week. It was the first time in 30 months he had traded.
As the pendulum swung back towards positive sentiment, dealers piled in and Mr Meredith was buying at a 10 per cent premium within a month. The momentum continued, but he maintained buying last Wednesday with his largest trade to date at 56p a share. The company this week settled a protracted legal dispute with the original owners of HiTech, a business acquired six years ago, with the court finding in favour of Augean.
unquote

[woodcutter] 12/12/2014 14:35

sold out my small holding today after the rise, all the TA indicators/oscillators now showing overbought. Although it continues to trend upwards the overall market is choppy and volatile. In a strong trending market similar to the last few years i would have continued to hold but we're in a very volatile market just now so taking profits when you can and cutting losses early is more important.

Just about every company i review that's had decent results has seen the share price move up (some have remained static) only to retrace again within a few months and the number of profit warnings seems to be increasing too.

Will revisit on any decent pull back, good well run business.

Markets for traders now imv.

Woody

[lbo] 11/12/2014 20:22

The directors purchases, the analyst day feedback and the Edison note all imply a bias to the upside.

[cerrito] 11/12/2014 18:24

For me the legal settlement is good news-even if the £1.6m total proceeds is well short of the claim for up to £2.5m referenced in the annual report, to which one would have added costs and interest.
It seems that AUG needs all the good news that it can get if indeed North Sea activity is going to drop as much as commentators say as a result of the new oil price.
We need to note that in the first half revenue of Augean North Sea was £5.7m and Augean Industry and Infrastructure(ex Augean O & G and as far as I can see heavily dependant on North Sea activity) was £7m out of a total of £27m. Also note operating profit of £277k for Augean North Sea and £609k loss for Industry and Infrastucture so heaven knows what their operating profit will be next year.
Note in the 18 months to June they invested £1.4m in North Sea and interesting to see if the write any of this off in their year end accounts.

[lbo] 04/12/2014 20:48

And more director purchases

[lbo] 28/11/2014 11:56

Its looking interesting



"encouraging progress is now being made on converting contractual opportunities for later in the second half of the year."



As East Kent growth is delivered, this would support our base case valuation of
57.5p/share, while a sustained outperformance in E&C and RWS could push this
on towards our 77.7p fair value

[p1nkfish] 28/11/2014 11:27

Market Day presenation is now up:

[lbo] 28/11/2014 11:15

More director purchases also

[p1nkfish] 28/11/2014 10:57

Breakout at last?
That 50-53p has been a frustration.
Some good assets, useful sector to operate within.

[lbo] 28/11/2014 10:00

Over 3m shares traded this morning and still continues to tick up

[lbo] 26/11/2014 21:58

Another spike in volume today and an uptick

[lbo] 13/11/2014 16:40

Spike in buying volume today

[p1nkfish] 17/10/2014 21:56

another reduced, UBS, hence freeing stock for Hambro and Dir.

Can't remember volumes so may be other stock not taken off market looking for buyer.

[site manager] 17/10/2014 13:23

Director buy, Large investor increases stake to over 10%.

1/4p rise.

Careful we all don`t get nosebleeds.