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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 12/1/2017 13:22 by a0148009 In September completion was originally forecast for December 2016. Obviously delayed by authorities see announcement dated 17th November but cannot be far away now which should give a lift to the share price " Merger Overview -- Proposed merger with Van Gansewinkel Groep BV ("VGG") announced on 29 September 2016 to create a leading waste-to-product business in the Benelux -- Compelling strategic and commercial rationale from complementary technologies, services and geographies, together with EUR40m of cost synergies -- Shareholder approval received from both companies; awaiting anti-trust clearance in Belgium and the Netherlands, now expected in early 2017 -- Integration planning well underway, including the creation of a new brand * variances at constant exchange rates" Apologies for any duplication. AO |
Posted at 24/5/2016 14:47 by a0148009 Not excited at first blush it has taken some time to turn around their existing continental investments - Belgium economy is a basket case.Will wait and see their proposal and what the institutional investors have to say - not keen taking on more debt, for me 2.6 x EBITDA is enough bearing in mind this does not take into account PFI/PPP non recourse finance. Also partially explains weakness is share price If the reverse takeover goes ahead,unless it is a steal, it's another long slog for shareholders. Would prefer the shoe to be on the other foot. Have a look at the long term chart going back to 1993 under different managers certainly not a steady growth company. AO |
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 07/11/2013 18:43 by contrarian2investor Erogenous Jones,So the moral of your post is? I find doing my own deep research and buying what is unloved and off the radar most rewarding. Few investors or analysts were interested in SHANKS below 80p. Now they are happy to pay £1.10p or more for them. The market and investors love trends whether those are positive or negative. Recommendations and tips are merely opinions and do not dictate the price action of shares. Cash flow and profits are and will always be the main drivers. |
Posted at 22/10/2013 20:21 by contrarian2investor Thanks badtime, SKS arrowing higher. Always amuses me how investors prefer to buy an unloved stock when it is safely 30-40% above its low.Shall we start a year end share price sweepstake? I am going for £1.15p |
Posted at 05/9/2013 19:51 by contrarian2investor wad collector,Yes that's a certainty. SHANKS have been on a great run, up over 24% excluding dividends since the beginning of July. Now heading for levels last seen in 2011. Heading back into the FTSE 250, where a larger number institutional investors and more fund managers can buy the stock. This unloved, once troubled company is being recycled into a growth stock. |
Posted at 26/4/2013 14:33 by ansc It's ironic that when I read the Investors Comic's 'sell' recommendation in WHS this morning, I thought 'that's bound to be a bullish signal'. I didn't for one minute think it would be this quick! |
Posted at 11/12/2012 12:26 by betman Maybe yesterday was a "treeshake" by the institutions to flush out some cheap stock, two directors seem to think so with their buysRecovery in European economy would be beneficial. The ZEW sentiment index result was very good at +6.9 vs forecast -12 The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook. A level above zero indicates optimism; below indicates pessimism. The reading is compiled from a survey of about 350 German institutional investors and analysts. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR. |
Posted at 13/8/2012 15:49 by sanks ...the evidence is in the pie!..when you have sheepish type of investors like BalsLick, who has Marconi on his cv...where do you expect this to go?I have a buy order to help some of you more astute sheepshaggers at 17p Let me know if this helps, if not, then its by the oak tree....... .................... |
Posted at 05/10/2010 09:41 by cerrito A well balanced article in yesterday's telegraphquote One-hundred-and forty-year-old from Milton Keynes seeks partners for support and investment. Ability to see through past failings to inherent qualities obligatory. No time wasters. Shanks is looking for friends. Europe's largest independent waste management company has found them a little hard to find in recent years but, for chief executive Tom Drury, enough is enough. Tomorrow, Drury and fellow Shanks Group executives will host an investor day. The message will be simple. The City is failing to recognise Shanks' true potential it's time to make friends. How investors will react is altogether another thing. Brokerage KBC Peel Hunt recently released a research note on the company entitled "Unloved". Where shareholders are concerned, Shanks has a little work to do. Drury, a down to earth 49-year- old Yorkshireman, chooses his words carefully but is honest about the challenge. "There is some baggage associated with Shanks. We're aware of that perception and perceptions do take time to correct," he says. "I don't think unloved is fair. But the fact is that we do trade at a discount to some of our peers and we need to close that gap." At the very least, Drury has a compelling story to tell. Shanks specialises in recycling and turning waste into energy. In the UK and beyond, that is the future. Europe produces some 3bn tonnes of waste a year, the equivalent to six tonnes for every man, woman and child. As governments crack down on landfill, those companies that can put that waste to good use will be well positioned. Emphasising the political crackdown on landfill will be at the top of Drury's agenda tomorrow. In the UK, it is being driven on two fronts. The snappily-named EU Landfill Directive requires all European governments to divert household waste away from holes in the ground and into other forms of disposal, whether via anaerobic digestion (using bacteria to break waste down), recycling or other technologies. Fines will follow for those who fail to meet the targets. The other driver is landfill tax, which has long been high on the continent. The UK Government has been behind the curve but it's finally getting up to speed. "Landfill tax has gone from almost nothing a few years ago to £48 a tonne today and will go to £80 a tonne by 2014," Drury says, comparing the UK to Belgium and Holland where the majority of Shanks' work is done. "They went through this in the 1990s. If you look at the amount of waste going to landfill in those markets, it's below 3pc. In the UK it's still over 50pc." There are other drivers. The UK is Shanks' main growth engine and the Government has allocated £10bn for PFI projects aimed at establishing the infrastructure necessary for green -minded waste management. Shanks is also in the midst of a £100m investment programme launched to take advantage of those changes. The state of the economy will also be key Shanks has lost an estimated £20m to £25m in revenues in the recession as commercial clients have cut back on the amount of waste they produce. Drury suggests markets remain subdued, but he expects to get much of that back: "What hurt us on the down will help us on the up." Given the background, shouldn't it all be coming up roses for Shanks? Drury's answer is guarded. "We ought to be well positioned for growth," he says. "But you have to map alongside that the fact that it's a competitive market with some strong players and also that we've been hit hard by the crisis. Investors will have different views on the degree to which the returns on our investments will come through. There is an element there still of 'prove it'." Look at Shanks' share price and it's easy to see why. On Friday last week, the share price closed at 112.6p. In the early 1990s, it was closer to 250p. Return to that KBC Peel Hunt note and you quickly get an idea why. Explaining the company's valuation it's worth £450m the brokerage pointed to the lack of an obvious organic track record, an unimpressive acquisition record, a history of overbidding for contracts and limited growth opportunities in its largest markets in Benelux. KBC's summary read: "To buy the shares, investors need to give Shanks the benefit of the doubt." Drury, who was hired from United Utilities as Shanks' chief three years' ago, is aware of the criticism. So is he working on these issues? "Yes, along with a whole bunch of other things," he says with a half-smile. "If you take bids for the larger PFI deals the margin on the larger contracts wasn't where it needed to be, at just a couple of percent. We're on track to grow those to 7pc." The key to all of this, Drury suggests, is convincing investors he will deliver. "I think Churchill said: 'However beautiful the strategy, you should occasionally look at the results.' We're very focused on doing what we say we're going to do." One obstacle will be the track record of Drury's major acquisition since taking charge the 2008 takeover of Flemish wood processing group Foronex. So far the results have been underwhelming. "It took place shortly after I arrived so I will take accountability for that. It has made lower returns then we expected because, number one, of the amount of work we needed to do to put our own processes into a family business and, number two, because the trading business has been effected by the economic downturn," he says. "We remain comfortable that, in the long term, it will prove to be a good acquisition. I have to hold my hand up and say to date we haven't seen the results." But, he suggests, that could soon change. "We're beginning to see projects come to fruition and we're beginning to see returns. If you look at the investment case, the returns are not yet at a level where they come fully through to the bottom line. That is down the track." Drury will hope such arguments can help drive a rerating of Shanks' shares. In recent times, such reratings have come from rather different sources namely, takeover talk. Last month, rumours escalated of would-be suitors circling something Drury won't be drawn on while last year the company was drawn into talks with Carlyle after the private-equity giant made a 135p a share approach. In an unusual move, Shanks opened its books to the buyout firm but only after making it clear that it would only consider offers at 150p or more. After four months of bruising due diligence Drury diplomatically calls them "intense" Carlyle made an offer. At 120p. Presumably, Drury, a rugby- loving real-ale drinker, needed something stronger than a beer when that offer came in? "We were generally surprised," he says. "It was a distraction for four months that was unnecessary and unhelpful, but that's life." So, given the result, was the board right to open the books? "We made an assumption with Carlyle that they wouldn't waste their time or money in a process that wouldn't lead to an area that we were looking for. The fact that it didn't lead there was their choice not ours and if we had our time again we'd do the same thing." And, if the rumours are true, a new suitor is circling would 150p still be the target price? Drury greets that one with silence, before giving a hint of the board's likely view. "We're not that much further forward in time then when that approach came six months ago." Shanks' chief executive will be hoping that's not all investors want to talk about when they pay a visit tomorrow. CV Tom Drury Chief executive, Shanks Group Age 49 Family Married to a magistrate with two children Lives Cheshire Education Politics, philosophy and economics, Oxford University Interests "I did my first sprint triathlon last year. When I'm 50 I'd like to go olympic." |
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