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
  -1.00p -3.23% 30.00p 28.50p 30.50p 31.00p 29.00p 31.00p 81,208 16:35:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 76.0 1.3 0.4 75.0 30.88

Augean Share Discussion Threads

Showing 2251 to 2273 of 2275 messages
Chat Pages: 91  90  89  88  87  86  85  84  83  82  81  80  Older
DateSubjectAuthorDiscuss
30/10/2017
11:19
Edison updated forecasts2017 PBT £6m EPS 5.56p DPS 1.2p2018 PBT £8.1m EPS 6.88p DPS 1.44p
lbo
25/10/2017
17:25
That's a sizeable buy.
value hound
19/10/2017
08:25
https://www.research-tree.com/companies/uk/waste-services/augean/research/n-1-singer/n-1-singer-augean-board-changes-and-reduction-in-expectations/CN74_7_1Augean has announced a number of Board changes. These include the resignation of CEO Stewart Davies and a move from Non-Executive Chairman to Executive Chairman for Jim Meredith. They also include the appointment of two new NEDs: Roger McDowell, who was a senior Board member of the group until 2015 and Christopher Mills, founder of Harwood Capital which is now the largest shareholder in Augean. The group has also announced further cost saving measures in response to continued weakness in trading. We have reduced our adjusted PBT forecasts by 12% for 2017, with more modest reductions of 8% for 2018 and 6% for 2019 as the cost savings take effect.
lbo
17/10/2017
11:02
Fair question Morton2011 as to why Davies resigned as CEO. I do not hold him responsible for the tax situation which for me at the end of the day is a board decision and as you say predates his mid 2013 appointment although he may have misread the smoke signals coming from HMRC. The fact is that he was paid a lot of money to run a pretty small company which never seems to fulfil its potential and so he was vulnerable. We do not know if he fell out with his colleagues or if Meredith was/is feeling bored and wants to get his hands on the driving wheel. Should he have spotted the bad contract COLT had entered into pre acquisition? On his salary the answer has to be yes. Was he responsible for the slow take up of LLW? Not in my book. Was he responsible for the issues at the East Kent incinerator? Have no idea. I did get the impression (which may well have been erroneous) that he had a sharper focus than his predecessor. It will be interesting to see how successful Meredith is especially giving the uncertainty around the UK economy-reflecting the blame they laid on the General Election which I find hard to believe.
cerrito
17/10/2017
10:01
Why did Stewart Davies resign ? The tax issues predate his appointment
morton2011
16/10/2017
10:32
As a holder of AUG,IRV and PRES had a busy morning. I think the initial price fall was overdone this morning but not sure if I see much scope for further improvement from levels as I write. I can understand why they say that they do not see imminent resolution of HMRC issue. Would have been good to have had more insight into where trading was weaker and the impact of HMRC issues. As flagged up there will be legal expenses but not sure how this uncertainty is impacting the underlying business. I think we can wave goodbye for any dividend in the near future. Regret not having made it to an AGM recently which would have given me a feel for Meredith. He has the experience but he has been the chair for 5 years so does have some input for the current situation. I see last year he got £60k which is a bit on the high side to chair a company of AUG’s size and the CEO got £362k in 2016 and £264k in 2015 which in the circumstances was very generous. I see the CEO’s name has been removed from the website. I got the impression that Meredith will be around for a while; incidentally saw in the AR his signature. Be interested if there are any handwriting specialists among you and what you made of it. I have no feel for Mills; McDowell comes across well and is a plus. Given my holding in AVG-post HAYT- I have quite a lot riding on him. I should have smelt a rat when there was no Edison report on the interims. I see at these share price more of a buy than a sell but I have enough thank you at the moment and do not have a strong enough conviction to buy more.
cerrito
16/10/2017
06:56
Another profit warning today. I'm sure having Chris Mills on the board will help. Prefer to have an interest through his investment trusts, rather than directly. Too risky.
topvest
21/9/2017
12:40
http://ehslaw.co.uk/about/
lbo
21/9/2017
12:37
http://www.bloomberg.com/research/stocks/people/person.asp?personId=22548075&privcapId=13292276Mr. Andrew John Bryce is the Owner of Andrew Bryce & Co. Mr. Bryce serves as Convenor of Waste Working Party of United Kingdom Environmental Law Association. He served as an Equity Partner and Head of Environmental Services of City law firm Cameron Markby Hewitt (now part of CMS Cameron McKenna). Mr. Bryce has a long and distinguished career in environmental law in the UK. He trained to be a lawyer at Newcastle University and College of Law Lancaster Gate. During his career, he has focused practical experience on: waste management; contaminated land; regulatory advice on pollution control; EU environmental law; legal aspects of environmental management systems; environmental insurance issues and environmental warranty negotiations. Mr. Bryce has a wide range of contacts, environmental law and regulatory experience. He serves as Vice Chairman of the Planning and Environmental Sub-Committee of the City of London Law Society. Mr. Bryce served as Chairman and Vice Chairman of the United Kingdom Environmental Law Association. He has been Non-Executive Director of Augean plc since September 4, 2017. Mr. Bryce served as a Non Executive Director of Augean plc since June 2005 until July 27, 2017.
lbo
21/9/2017
12:30
https://www.letsrecycle.com/news/latest-news/augean-hmrc-assessment-without-merit/
lbo
20/9/2017
17:33
“Augean believes this assessment to be without merit and we will appeal.” and yet the market thinks otherwise as the share price got battered by 60%. Market tends to be right.
1he warrior
19/9/2017
19:34
Well I'm happy to take the risk through North Atlantic Smaller Companies Investment Trust and Oryx both run by Christopher Mills. Lakehouse and Augean have both been added aggressively recently. Wouldn't buy either myself but don't deny the value angle if Christopher Mills is involved. That's the value of holding his investment vehicles if he is good at something you don't personally feel comfortable in investing in.
topvest
19/9/2017
19:22
http://www.thebusinessdesk.com/yorkshire/news/2008970-waste-management-firm-robustly-challenge-hmrc-land-fill-tax-probeBased on the legal and other advice received by the group over several years, Augean is very confident that the group has met its obligations in respect of landfill tax, consistent with the law and official guidance at the time."Augean believes this assessment to be without merit and we will appeal."The company also said that landfill tax legislation is "not totally prescriptive on the tax treatment of the many types of waste received by the group which can lead to differences in opinion on the applicable rate of landfill tax", hence the reason the group has taken"extensive legal and other advice" over several years.
lbo
19/9/2017
19:02
Tempting at this price, but think I will give it a miss. I guess this area of landfill tax is very much an area potentially open to dispute/judgement/fraud given that hazardous waste costs about 40 times more than non-hazardous waste. Trouble is we don't know whether Augean is 1. clean, 2. poorly controlled or 3. fraudulent. Probably 1 or 2, but too much of a gamble. Christopher Mills buying more is a real vote of confidence, but not sure I will follow that.
topvest
19/9/2017
13:39
Really? how much hrmc is claiming + interest? How do they pay up what's due? If HRMC wins which I am pretty certain they will, it's obvious AUG will have to increase their pricing and margin will come under pressure. And what happened if during litigation customers accelerate dumping at the low price? which means aug will have to pay up more to hrmc There are many unknown unknowns here in reality.
1he warrior
19/9/2017
12:40
A loss is priced in - I think?
wageslave
19/9/2017
11:35
and what happens if they lose against HRMC
1he warrior
19/9/2017
09:50
Some comments on the Interims I see they talk about market expectations of the different units and I assume these come from the Edison July 27 report Surprised if the decline in construction soils was caused by the General Election as I would not have thought that the switch for the underlying construction projects would have been turned of so quickly. I see the Edison July 27 report was talking about renegotiating the COLT contract in September but see no mention. Nice and clean that here were no exceptionals in H1 but I see that we will have a cost reduction one of £0.7m in H2 and perhaps some for HMRC related legal costs. I always like the way they split the capex into maintenance and development; also good the way they split it between the five units. Good to read about the ongoing support of HSBC in light of the HMRC issue. I was not expecting any update on HMRC; incidentally I wonder if other companies in Aug’s space have had these assessments. A look at HI cash flows show that the dividend cost of £1m was covered by borrowings and so even if AUG win against HMRC one should not expect an increased dividend. Too bad they did not define what market expectations are for full year financials; Edison in July 27 had PBT-as per their definition-of £7.3m compared to 2016’s £7m so I suppose AUG are saying they will be flat year on year. I was surprised that it fell so much first thing and well done to those who bought and have benefited from subsequent increase. I have quite enough as it is so did not join you.
cerrito
14/9/2017
12:24
omg MASTERBATEGUY IS HERE. HE'S THE KISS OF DEATH
douglas macarthur
12/9/2017
11:53
Amazing citywire don't think the spat with the tax man worth a mention. Unless of course their research is based on little more than tea-leaves.
dozey3
12/9/2017
08:21
Took an initial position here this morning @29.9p.
masurenguy
11/9/2017
23:33
"I have just bought Augean (AUG) which looks very oversold, with the shares 55% down over the last month. It is a specialist in the growing hazardous waste sector, with landfill and specialist treatment services including radioactive waste. Projected revenue for 2017 is £83m for a pre-tax profit of £7.5m. The shares are trading on a 5x earnings, with a price to earnings growth ratio of 0.2 and a projected yield of 4.4%. The shares have been battered on news of halved profits from exceptional items; however revenue was still up 25% and confidence in the future was demonstrated by a 54% hike in the dividend. Last week’s announcement of FY profits ‘at the lower end of expectations’ further disappointed the market, but a cost reduction programme to save £2m annually was also indicated. I’m encouraged by the very savvy bunch of institutional shareholders, one of whom increased his holding last week." http://citywire.co.uk/money/david-kempton-two-new-share-buys-and-two-howlers/a1048162?ref=citywire-money-latest-news-list
masurenguy
04/9/2017
19:07
Yes it looks so Chris Mills has decided to double the stake to around 14%.
brummy_git
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