Mercury Recycling Share Discussion Threads

[antonz] 21/9/2004 15:37

Sales up 60% but no profit. Anyone know why?

[jonny wilko] 21/9/2004 14:19

I know that they have signed to move into a new 15/20k sq foot unit on TRAFFORD PARK.
This company is going places and the board owns about 60%.
That shows that they put their money where their mouth is.....its all looking good.
The NEW manchester site is at least 3/4 times as big as the old site.

M/M are looking for shares. Good comment tomorrow and these could be 30p by w/e.

tiger

[m.t.glass] 21/9/2004 09:21

"People are still catching on," she said. "It's in the news right now. People are beginning to understand mercury is dangerous. There's a lot of headshaking; (people are saying) 'I used to play with it as a kid.' But there's also awareness it's not good stuff, it's not good to have it in the environment."

That quote is from a newspaper article in Springfield, Missouri, last week. For anyone unclear what all the fuss is about and why mercury needs isolating from the environment (separately from other waste) this article is very well worth a read. It goes into great detail:

[el cuerpo] 21/9/2004 08:41

LONDON (AFX) - Mercury Recycling Group PLC six months to June 30 2004
Sales - 783,000 stg vs 484,000
Pretax loss - 5,000 stg vs loss 9,000
Operating profit before goodwill - 96,000 stg vs 71,000
Operating loss - 5,000 stg vs loss 9,000
Loss per share - 0.02 pence vs LPS 0.04

[saturn5] 10/9/2004 10:12

Legislation is not tough enough
I still see people throwing fl.tubes in the skips.

[teesside] 06/9/2004 19:42

i hope the results will be good ,i hope for a 4-5 p rise in short term.lets hope so

[keeping calm] 04/9/2004 22:06

interims due out this coming week, lets hope that 6 months of simister have boosted revenues

[jonny wilko] 02/9/2004 10:27

Tiger joined the fray today..hoping that the half way stage will be good.

[keeping calm] 24/8/2004 22:40

WELL the legistation has come into effect from July of this year.

Large firms, hospitals, government offices etc, could nothing else than to send old tubes for re-cycling.

Mercury seem well placed to take full advantage of the potential new demand for the safe disposal of spent tubes, bulbs etc.

This is still a very young company, lets hope they are switched on hungry and motivated, with good technology to take this recycling forward.I bought in last week at 23P.

Does any one have the script from MEN of 2nd July, thanks K.C.M.

[shineeqa] 13/8/2004 11:25

It was May 2003 before the December 2002 £200,000 loss was announced, three-quarters of which was down to amortisation. Sales were moving briskly however, and it was clear that the company had not yet stepped into the ring proper. But an interim, June 2003, statement which showed sales of £500,000 and a £70,000 pre-amortisation profit indicated that it could be in very good form when it does.

In November the company made over 7.25 million shares and paid £150,000 for the acquisition of a complementary business, Simister, which had made a pre-amortisation profit of £80,000 to December 2002.

The final, December 2003 figures - a £100,000 loss - showed the company still in idling mode, expecting a European Union directive which will reduce the number of landfill sites authorised for the reception of hazardous waste reduced from 250 to 11; and not all of the 11 permitted to accept mercury bearing waste products. That, the fact of course that only one month's turnover from Simister, an expanded gross margin and £168,000 goodwill amortisation charge combine to mean that the modestly-presented report conceals a steelier core than it might appear at first glance.

[pugugly] 13/8/2004 11:19

Over ramped and over tipped it looks as though this loss maker (currently but moving towards profitabilty - How often have we heard this?) is moving back towards (but still some way to go) a more realistic level. (All imo and dyor)

[mayiguo] 28/7/2004 21:01

KWI (keyword inv) is going to fly, massive buys has already started....

[daza75] 17/7/2004 16:34

Anybody seen any press articles anywhere today??

[daza75] 16/7/2004 13:57

Fully agree i sold some earlier to take a profit and then bought 25,000 when the price moved down, im thinking of getting more if the offer touches 31.

[happydayz] 16/7/2004 13:09

Daza,
your post on the 8th of July looks very familiar!!
Crazy aint it ;o

Great share though, plenty of upside from here with the new legislation coming into effect.

[daza75] 16/7/2004 10:27

AND BACK TO WHERE WE STARTED, THIS HAS BEEN GREAT TODAY, SOLD SOME BOUGHT SOME! VERY EXCITING STUFF!

[daza75] 16/7/2004 08:12

Legislation day! And looking like a good start again today, has anyone seen any news anywhere??

[daza75] 15/7/2004 13:02

Really starting to motor now! More and more purchases going through!

This is looking like a good breakout!

[daza75] 15/7/2004 11:20

STARTING TO MOVE AGAIN TODAY - THIS IS LOOKING GOOD FOR THE BREAKOUT SOON!

[daza75] 14/7/2004 16:11

Thanks schull -

I reckon this will be featured in the shares or ic mag because of the important date on Friday!

This will push the price up towards breakout level hopefully.

[schull69] 14/7/2004 15:57

daza25 ....... thanks for your informative post...I bought in November at 12.5 so am very happy with the one bagger to date and expect more as the story unfolds....good luck with your investment.

[daza75] 08/7/2004 07:57

Some good info for all of you!


Not a gamble this one, but an excellent medium term investment,
with all the AIM tax breaks.
Mercury Recycling Group Plc was formed in September 1997 and it's first recycling plant was opened in February 1998.
Mercury Recycling's Manchester-based plant offer safe and controlled destruction and recycling of fluorescent tubes and street lamps by splitting them up into their seperate parts - glass, metal and mercury - all of which can be processed and re-used. The Company also recycle dental amalgam, the silver coloured material used for dental fillings, which is seperated into mercury and silver. Other items recycled for hospitals and clinics include button cell batteries from hearing aids and mercury thermometers.
Clients of the Company come from both public and private sectors, though predominantly in the service and manufacturing industries.
In July 2004 new European Legislation comes into force, meaning that certain wastes categorised as Hazardous can only go to suitably licensed recycling facilities or to authorised landfill sites of which after the new regulations, there will be only 10 - 15 Nationwide.
Mercury Recycling supply safe storage bins to companies, and collect them when they are full, charging for each item collected.
They have an impressive client list which is growing all the time, including;
NHS Hospital Trusts
Goverment Offices and Departments
Leisure and Fitness Centres
Electrical Wholesalers
Highway Maintenance Contractors
Network Rail
London Underground
Education Departments
Exhibition Venues
HM Prison Sevices
Sports Stadiums
Local Authorities
Airports
Banks and Building Societies
Police and Fire Services
The Sunbed Industry
and many others


Buy Mercury Recycling at 22p

argues Mark Watson-Mitchell of WatsHot.com

I first tipped AIM listed Mercury Recycling on WatsHot.com less than a month ago at 15.75p. Although it has gained 40% I am still not satisfied and it has further to go. The recent results largely escaped the attention of the market but there is clearly a significant growth story bubbling away here. Mercury is the UK's largest lamp and fluorescent tube recycling company (valued at just 7.17 million pounds) however legislation due from the EU in August is set to transform its prospects.
Company Background
Founded in 1997, the Company's progress has been held back by a lack of regulation forcing change. The EU Directive on Waste Electrical and Electronic Equipment (WEEE) is expected to lead to a reduction in landfill sites capable of accepting mercury bearing waste from 250 to as few as 11. This makes recycling an environmentally friendly alternative that most users will have no choice but to adopt.
The mercury from just one fluorescent tube can pollute 30,000 litres of water, so there are clearly very dangerous side effects. These include a loss of feeling in limbs to tunnel vision and, in extreme cases, individuals can even go into a coma. A total of 100 million lamps are disposed of in the UK every year of which only an estimated 7 million are recycled.
Mercury Recycling has a large site in Manchester, its capacity was added to last year when it acquired Bushey based rival Simister. As the market inevitably expands Mercury is looking out for more acquisitions. The Company's client list includes NHS Hospitals Trusts, retailers, property maintenance companies, motor manufacturers and the food and drink industry.
Financials
Last year sales jumped 23% to 947,000 pounds and Mercury achieved an operating profit of 71,000 pounds (versus a loss of 23,000 pounds before). After a goodwill write down the bottom line figure was a halving of losses to 97,000 pounds. Cash is steady at 232,000 pounds.
Brokers are still to issue a forecast for Mercury but it is not unreasonable to assume that current year sales could double to nearer 2 million pounds with a bottom line profit in sight. Trading in the first few months of 2004 is 'substantially ahead' of the comparative period and as Mercury starts to pick up new customers there should be plenty of news flow.
I reckon that Mercury Recycling could well make between 400,000 to 500,000 pounds pre-tax profits this year, worth around 1.4p per share in earnings. Next year should see significantly more. With legislation the key driver for Mercury, the shares have further to run and I set a Target Price of 30p by end 2004. The way the shares are going I think this will be beaten well before then. Now could be the right time to buy shares if you haven't already.
Key Data
EPIC: MRG
Spread: 21.5p - 22.5p
Market: AIM
Market Cap: 17.17 million pounds
NMS: 1,000


Fluorescent Lamps

Research shows that there are more than 100 million fluorescent and highway lamps used in the United Kingdom each year which produce in excess of 3,100 tonnes of waste material which, until recently, has ended up in landfill sites.

Even though each lamp only contains a small amount or mercury the sheer volume of waste means that large quantities of hazardous mercury could find their way into our land and water supplies.
The mercury from only one fluorescent tube can contaminate up to 30,000 litres of water beyond a safe standard for drinking.

It is no longer acceptable to use landfill sites for disposal and the modern and environmentally sound treatment is to recycle the lamps extracting the glass and metal components and distilling the elemental mercury from the powder in the lamps for reuse.



Costs Mount for Illegal Fluorescent Lamp Disposal


17 June 2004 news item



Employers are set to face increased costs and possibly fines for the improper disposal of fluorescent lamps, according to waste management firm Biffa.

From 16 July 2004, fluorescent lamps, which contain mercury, will be classed as hazardous waste under the European Landfill Directive. Every user of fluorescent lamps will have a responsibility under the Environmental Protection (Duty of Care) Regulations 1991 to dispose of them correctly.

This will mean that fluorescent lamps can only be disposed of at designated hazardous landfill sites, or recycled.

However, the Environment Agency estimates that there will be fewer than 10 hazardous waste landfill sites available for fluorescent lamp disposal in the country. And the cost of disposing of such lamps at these sites is expected to increase by a significant margin.

Alternative options are available as fluorescent lamps can be recycled to recover the mercury within them.

Andy Carey, Biffa general sales manager for special waste, said:
"With the cost of hazardous landfill set to rise, recycling is becoming a more viable option for businesses. At the same time, mercury is a valuable natural resource, so recovering it, along with other materials within tubes, makes sound environmental sense."

[daza75] 07/7/2004 13:39

Also just found out that the date is 16th July! After this hazerdous waste will be alot harder to dispose of! MRG are in the perfect position to benefit from this legislation!

[daza75] 07/7/2004 13:17

Just had a really good look at the website, fantastic, very impressed with it!