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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Shanks Group | SKS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 96.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 96.50 | 96.50 |
| Top Posts |
|---|
Posted at 26/10/2016 08:45 by wad collector Presume today's drop is the rights issue.(I just noticed the chairman bought 100k 2 weeks ago.) The rights issue price is 38p right now , which on a 3/8 split is worth 14.25p per share . So SKS share price should have only dropped this much. Currently down 14p. |
Posted at 07/7/2016 09:12 by ed 123 Details of the proposed merger are out today.New shares to be issued, I'm guessing 1 for 3 rights issue at 65p. Shanks' dividend to be cut. I would have preferred to see a bid for Shanks. If anyone were considering such, they now have the target to beat. To be fair to management, they have been positive and are trying to get higher earnings for shareholders. ... significant enhancement to underlying earnings by the second full financial year after completion (i.e. the Shanks financial year ending 31 March 2019) ... |
Posted at 19/5/2016 10:49 by ed 123 Preliminaries out today.Resilient performance. Dividend held at 3.45p total, which gives a yield of about 4.2% at the current price of 80.75p. |
Posted at 10/2/2016 14:07 by ed 123 Good comment, Erogenous Jones. :-)40 years! You must have started as a boy! I have held Shanks for a while and, yes, it has disappointed me. I think the management have done ok; the problem's the weakness of their markets. Maybe I'm a mug for a good story but I took comfort from the final paragraph of the recent update, Looking forward, assuming current market conditions, the Board expects that the successful increase in capacity commissioned in the current year, together with further margin improvement and cost management initiatives, will position the Group to deliver strong growth. From where we are now, investment decision? Atm, I'm for holding and hoping the Eurozone stimulus works, and the oil and gas sector improves. Yes, there is opportunity cost but there's a lot of danger out there. In Shanks' favour it has some long term guaranteed contracts, it has been investing for future returns and (due to environmental protection legislation) serves a growth sector. Finally, there is the comfort of a safe-ish 4.8% dividend yield with the share price at 72p. Maybe I need another two years of disappointment to break my spirit! ;-O |
Posted at 03/2/2016 10:21 by ed 123 Good comment, A0148009.I suppose it's a question of how patient the major shareholders will be. I can't see a generous premium for any takeover offer, which may emerge, since the immediate prospects don't sound good and the shares are quite highly rated in terms of current earnings. At the end of the day it may boil down to: Do shareholders want to take a, say, 30% uplift (walk away with say 110p/share) or do they want to wait it out even longer, hoping that waste markets improve? I'm holding some of these and, from the above, you may have correctly surmised that I've been hopeful of a takeover bid. Dividend is useful, but it only mitigates part of the capital erosion for investors. Today's announcement may turn out to have been trigger? We'll see. |
Posted at 03/2/2016 09:57 by a0148009 Yes - disappointing. Outlook statement does not sound too bad but do not see any traction until next financial year ending 31.03.17 during which additional capacity comes on stream.Thin cover on dividend but would expect it to be maintained, p/e plus 21x so not much room there for share price increase. Debt circa 60% plus market cap would like to see that come down. Company rejected an indicative offer of 125p four years ago possibility interested party may return? With only two months to current year end outlook statement should be reliable. Outlook "Whilst the Group continues to deliver a strong improvement in the Commercial Division, it has not been possible to compensate fully for the impact of the more challenging conditions in the Hazardous Waste and Municipal markets. As a result, the Board expects the Group to deliver a result for the year ending 31 March 2016 which is slightly below its previous expectations. Looking forward, assuming current market conditions, the Board expects that the successful increase in capacity commissioned in the current year, together with further margin improvement and cost management initiatives, will position the Group to deliver strong growth." AO |
Posted at 22/5/2015 10:43 by wad collector Moving towards a 12 month high today , yesterday's finals were fairly bad , but perhaps not quite as bad as expected. Flat dividend will have to do as for last 3 yrs. Still below the yield of 1998.21 May 2015 Shanks Group plc Shanks Group plc (LSE: SKS), a leading international waste-to-product business, today announces its results for the year ended 31 March 2015. Commenting on the results, Peter Dilnot, Group Chief Executive of Shanks Group plc, said: "After a challenging first half of the financial year, we delivered our committed stronger second half performance. Our core Dutch solid waste markets are developing as predicted, with some encouraging evidence of improvement. We continue to invest in infrastructure that will deliver high-quality earnings growth and these projects are on track. In addition, we have a refined strategy and a new organisation structure to deliver profitable growth. The Board's expectations for the year ended 31 March 2016 remain unchanged excluding the impact of a fluctuating Euro exchange rate on our reported results." Business Overview -- Challenging year, particularly in the first half, with market pressure in Benelux Solid Waste and one-off operational challenges in Hazardous Waste associated with new investment. -- Business improvement programmes have delivered a stronger underlying second half and positioned the Group well for future growth. -- Core Dutch solid waste markets beginning to improve. -- Achieved 'financial close' for long-term Municipal contracts in Derby, UK and Surrey, Canada. -- GBP200m build of plants in Wakefield and Barnsley, Doncaster and Rotherham (BDR) close to completion; both to commission this year. -- Continued investment through the cycle in Hazardous Waste in infrastructure that is expected to deliver sustainable high quality earnings. Strategy and Divisional Structure -- Refined vision, strategy and organisational structure in order to ensure that they remain sharp, focused and relevant to our evolving markets. -- New divisional structure implemented to align our businesses more closely with our customers, deliver synergies and accelerate growth. Financial Summary -- Performance in line with trading update issued on 31 March 2015, with second half improvement delivered. -- Revenue increased 1% at constant currency, with underlying growth from UK Municipal. -- EBITDA down 10% at constant currency to GBP73.0m. -- Underlying profit before tax down by 22% to GBP21.7m at constant currency. -- Underlying EPS down 7% at constant currency due to lower effective tax rate. -- Total Group exceptional and non-trading charges of GBP42.2m as previously disclosed. -- Ongoing focus on capital discipline delivered strong cash performance, with lower than expected core net debt at GBP155m and net debt to EBITDA ratio of 2.3x. -- Final dividend maintained at 2.35p per share, reflecting confidence in medium term growth. |
Posted at 10/4/2015 12:26 by rabbrooks The majority of SKS profits appear to be from their non UK based co,s. A predator from ouside the UK may be interested in SKS at some stage soon. |
Posted at 09/4/2015 11:57 by wad collector Sniffing at a one year high today , though I suppose it just reflects the market rather than specifically SKS. |
Posted at 22/1/2015 14:23 by betman Super Mario has done his stuff with 1 trillion Euros of QE. Should be good for European economies and hence SKS. Surprised no reaction for shareprice, even if only hopeful |
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