Share Name Share Symbol Market Type Share ISIN Share Description
Augean Plc LSE:AUG London Ordinary Share GB00B02H2F76 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.80p +5.00% 37.80p 35.00p 38.00p 36.50p 36.00p 36.00p 12,220 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 84.7 -3.1 -3.4 - 39.10

Augean Share Discussion Threads

Showing 2301 to 2325 of 2325 messages
Chat Pages: 93  92  91  90  89  88  87  86  85  84  83  82  Older
DateSubjectAuthorDiscuss
24/5/2018
23:41
I thought of AUG attending the AGM todsy of the private equity Investment Trust FPEO when they discussed their new investment in an Aberdeen company called TWMA who like AUG are in drilling waste management services. They do the separation between the water ,oil and powder on the rig and can discharge the water back onto the sea as long as it meets the quality standards which are far more rigorous than for The Gulf of Mexico. Doing it on the rig is apparently far more cost effective than the normal skip and ship to an onshore processing plant; my impression is that AUG's ANSS uses the skip and ship model but of course ANSS has a much wider product line. Anyway perhaps a question for the AGM which I plan to attend and it would be great if there was a good turnout as I have been the only person there on the ones I have been to in the past. PS Interested to see AGM at Harwood's office and perhaps AUG saving a bob or two on room hire or wanting to send a message on Harwood support
cerrito
17/5/2018
07:16
ALS, Not sure I agree with you; as do Mills and management. w1
woozle1
16/5/2018
21:37
It looks like HMRC have already triped your investment Woozle!
arthur_lame_stocks
16/5/2018
20:08
so we are nearly half way through the year and the company are on track to meet market forecasts of 6.3 EPS. A p/e of 5 is hardly demanding. We should at least be doubling or triping our investments in the next 5 years. w1
woozle1
16/5/2018
19:27
Cerrito, the big play is Augean NSS and a play on decommissioning
woozle1
16/5/2018
18:34
I was surprised that the share price fell initially this morning given that net debt had fallen to £6.6 m as of May 14 from £8.9 m at March 19 and £10.8m at year end. One assumes that the AIS monies have been received. Also given that decisive action is being taken by Mr Meredith and let's hope that the people affected can get redeployed. I am somewhat confused with COLT as the prelims suggest that there was just a problem with one contract which had been resolved and the implication I drew-which appears to have been wrong-is that the rest of the business is OK. That said I see the COLT impairment charge last year of £6.3m The loss in YTD for COLT of £600k does seem high and also note that in 2017 the operating loss pre exceptionals for I&I were £760k. Somewhat surprised we have had neither the AR or AGM notice
cerrito
26/4/2018
11:26
Great spot LBO and the reason that the North Sea Services business is set to grow and become the engine of earnings growth for the company. That said, that may well have been one of the worst written pieces of journalism ever to have crossed my screen. I had to re-read it understand it.
woozle1
26/4/2018
10:38
http://www.coherentchronicle.com/drilling-waste-management-market-is-expected-to-show-significant-growth-over-the-forecast-period/
lbo
12/4/2018
10:24
"The one confusing smoke signal from this HMRC issue is that although the board believe the HMRC claim to be without merit, they've axed the dividend until the HMRC matter is settled. I'm wondering if they've been told to do this by the bank or they speak with forked tongue." Its in one of the RNS that they breached their loan with HSBC given it was a tax issue but HSBC allowed them to continue with the bank loan until March next year from memory.
morton2011
12/4/2018
08:39
Took some profits yesterday on that rise,,,,silly not to,,,,,but will hold the rest to see how it all pans out
cheshire man
12/4/2018
07:58
https://www.thetimes.co.uk/article/enva-wastes-no-time-in-eyeing-rilta-takeover-t7cnt60dq
lbo
12/4/2018
07:38
I think that Chris Mills is looking at the North Sea business and can see that it's gaining traction. The Dundee facility came into operation in June last year; revenues grew by 50% but it doesn't make much money as it's still sub scale. He and the management can presumably see the pipeline and know what's coming. I guess, he's also thinking that once the market shines the light on the North Sea Decomm opportunity, this will be a more valuable company.
woozle1
12/4/2018
00:19
"The one confusing smoke signal from this HMRC issue is that although the board believe the HMRC claim to be without merit, they've axed the dividend until the HMRC matter is settled. I'm wondering if they've been told to do this by the bank or they speak with forked tongue." Well if they're fighting it they're hardly likely to publicly admit that they owe the money are they. I can't for the life of me see what Chris Mills likes about these. They never seem to make any money, they're not an asset play, they don't pay a dividend and if HMRC win things are only going to be worse. But what do I know, Chris Mills is pretty shrewd and the management should know better than anyone what it's worth.
arthur_lame_stocks
11/4/2018
15:47
The one confusing smoke signal from this HMRC issue is that although the board believe the HMRC claim to be without merit, they've axed the dividend until the HMRC matter is settled. I'm wondering if they've been told to do this by the bank or they speak with forked tongue. Re landfill tax, this is from wikipedia and I'm wondering how HMRC set about verifying this, short of digging up the waste and checking. I can see how an operator could seek to win council business by collecting it as one category and disposing of it as another. Given that this requires self certification and it is unlikely the HMRC will come and dig up land, the temptation to cheat must be considerable. And so one is relying on the integrity of the management team. "The amount of tax levied is calculated according to the weight of the material disposed of and whether it is active or inactive waste. Inactive waste covers most materials used in a building's fabric as well as earth excavated for foundations. Most forms of concrete, brick, glass, soil, clay and gravel are classified as inactive. Active waste covers all other forms of waste such as wood, ductwork, piping and plastics. Inevitably there will be some mixing of waste such as inert bricks and concrete mixed with small amounts of wood or mineral dust packaged in polythene bags. It is for the producer of the waste to decide what is reasonable and acceptable in terms of active waste contamination of inert waste. The landfill site operator is responsible for paying the tax and will pass the cost on to businesses and local councils on top of normal landfill fees."
woozle1
11/4/2018
14:52
woozle1 - the tax will all be paid at once. Augean did not pay landfill tax on waste they say is exempt and/or at low rate they deposited in or close to their landfills, HMRC say it should have had tax paid at a different rate. It sounds like its going to tax tribunal and possibly higher in the courts. If AUG lose then the tax bill will apply to all the wastes in those catgeories up to the date of the decision so will come as one big payment AND as importantly going forward to all the waste they want to take in. HMRC have to issue formal demands close to 4 years old as otherwise Augean can claim it is disallowed purely on time grounds which is clear in their RNS Mr Market, and the directors, seems to think there is no tax to be paid or it will be at lower rates than HMRC have asked for. If they get lower rates than the full demand then what does it mean for all their business going forward as from the waste producers point of view they have to pay the extra tax on top of the disposal fee as its the total cost thy focus on as no one can claim 'back' landfill tax. So customers will look at other treatment plants/ methods/ operators imho. Augean have a reasonable reputation and are generally well run so at least this is all buying them time to prepare for the different outcomes.
morton2011
11/4/2018
13:09
Not sure a share this illiquid lends itself to TA. w1
woozle1
11/4/2018
12:44
Yes I agree VH but was just looking at resistance on the chart,,,,,,,may be wrong of course
cheshire man
11/4/2018
11:48
I'm not sure this tax situation is big deal because if it does go against them it is clear that it will be for much smaller amounts (the first summons has been drastically reduced) and it will be spread out over time (as these summons are spread out over 4 years)/ w1
woozle1
11/4/2018
10:52
IF...the tax situation goes in their favour - they're worth a fair bit more than 55p IMO, but it's a big if obviously.
value hound
11/4/2018
10:26
Maybe it is technical Woozle1 but if the tax situation goes in their favour and looking at the chart we could be heading straight back to the 55p range,,,,,,time will tell :-)
cheshire man
10/4/2018
16:26
I think it's just technical and it will probably fall back. In the short term this stock is worth 60-70p on a p/e of 10 and once it starts growing again (I think North Sea decommissioning could be a big business here) it will march onwards. I'm in this for 5 years at least and expect to make 10-15 times my investment. Chris Mills is rather good at these situations. He bought in Telecom Plus and RPC at v low levels and in both cases the stock went up by more than 10 times.
woozle1
10/4/2018
16:07
Wonder if there's some news floating about in the back round ? 14% up
cheshire man
10/4/2018
12:49
I tried buying 100k shares when the market was 34/5 and was told that I'd have to pay 36.5. So I've so far managed to pick up 100k by buying 50k units at 35 and limiting the order at that level.
woozle1
10/4/2018
12:24
Yes, if you want to buy odd lots but if you want say 100k clips it's not easy
woozle1
10/4/2018
11:36
Thanks Woozle – haven't over 400,000 shares been traded morning? I think what you mean is that there aren't enough willing sellers at price current levels to meet the much higher demand?
brummy_git
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