Augean Share Discussion Threads

[deep powder] 10/7/2008 13:37

I 'm just wonering why we now have such a delay in the trading update????


bid approach..????

[deep powder] 09/7/2008 17:39

well I was told update should have been today?????

I agree LBO about the £1 level, if my memory serves me right, you were in PRG??

This is it all over again!

Out of interest, the stock is still being bid for by a shrewd broker...

[lbo] 08/7/2008 20:59

I see it another way! They can now buy the 70% odd that they don't own for 50% less so if they buy a few more shares now at 67p and then bid now for the whole company when the price is depressed they have saved/made money (Roughly £50m - £15m they are down on their initial £30m stake = £35m made). I am sure many would accept a £1 bid now with open arms! I doubt a £1 bid would have been accepted at the end of 2006 when One51 originally bought shares at £1.48p. One51 know exactly what they are doing IMHO and were in no rush to overpay for the outstanding 70% especially after they had secured a blocking stake and as sterling depreciated against the Euro by 10% also.



If I was a cynic I would say the shares which are now very tighly held by a few shareholders were being shorted before a very belated bid. But of course that would not be allowed and would be very risky unless you knew when the bid was coming!

[azalea] 08/7/2008 17:06

151 Ltd is now making a paper loss of circa 50% on its stake.Ouch!

[deep powder] 08/7/2008 14:50

update in the morning.....

[cyberian] 02/7/2008 17:29

Difficult to work out the specifics for the 2 Black Rock share declarations but both dated 30th June, like North Atlantic purchase. Anyway, some positioning appears to be going on for a possible bid/take-out, I guess.

[cerrito] 02/7/2008 15:01

I see that altium capital have today reiterated the buy recommendation they last put out June 2 lowering the target price from 160 to 140.

[azalea] 01/7/2008 17:29

North Atlantic(J.O. Hambro) upped its stake yesterday from 12.35% to 16.05%. Given the recent notable fall in the sp, it could have hardly been a better time for a major holder to add. Whilst smaller holders apppear to have dropped below the 3% mark, the end game is clearly still on. At the current price, 151 Ltd could finally be tempted to make it's move!

[deep powder] 01/7/2008 16:15

Yep normally a good sign when these guys start adding, brokers bidding for stock today so looks like want more..........

[lbo] 01/7/2008 16:07

North Atlantic Value buying!



This will put pressure on one51 IMHO

[cyberian] 30/6/2008 14:06

Interesting 2,000,000 trade at 66p which is about 3% of the company...must have been a sell but whether someone happy to take this line up could be important in the near term. Either someone wants to accumulate and has an interest at a certain share price, and someone happy to sell may be clearer as to share price over coming days, perhaps.

[lbo] 26/6/2008 13:40

Sell-offs swell NTR annual profits
Thursday, 26 June 2008 13:27

Waste and energy group NTR has reported profits of €830.8m for the year to the end of March, boosted by profits from the sale of Dublin's West Link toll bridge and its wind energy business Airtricity.

Underlying profits (EBITDA) from continuing businesses increased by €2.4m to €86.5m, on 67% higher revenue of €421.4m. Waste management business Greenstar contributed €68.3m, an increase of 17%. EBITDA from tolls and other businesses fell by almost €7.5m to €18.2m.

The sale of the West-Link to the National Roads Authority generated a profit of €344.2m, while the Airtricity sale contributed €535m. But there was a charge of almost €80m linked to NTR's decision to withdraw from the European bio-fuels business.

The board is planning to pay a 10% higher final dividend of 3.95 cent per share

[chrisdgb] 26/6/2008 11:25

expecting trading update early July...

[simon gordon] 25/6/2008 19:39

I think they now carry around 21m of bank debt.

[deep powder] 25/6/2008 19:12

Not sure I like these moves.

[lbo] 04/6/2008 08:32

Roches to gain €118m in NTR liquidity event


NTR CHAIRMAN Tom Roche and his family are poised to receive some €118 million from a €275 million liquidity event at the company. Investment firm One51 will receive €70.4 million

Approval for the distribution to shareholders, including payment of €20.35 million to Standard Life in respect of its 7.4 per cent holding in NTR, will be sought at an extraordinary general meeting on June 26th.

Mr Roche's company Dreamport, which owns 35.5 per cent of NTR, and Philip Lynch's One51, which owns 25.6 per cent, have already backed the scheme

The liquidity event follows NTR's realisation of a some €1.3 billion from the disposal of its interest in windfarm operator Airtricity to Eon and Scottish Southern and the sale to the Government of its interest in the West-Link toll bridge in Dublin.

[chrisdgb] 02/6/2008 15:24

Anybody get Altium research?? Would be good to see why they believe there is such upside..

[azalea] 02/6/2008 14:58

In which case 151 ltd had better get a wiggle on and buy the rest out now.

[cerrito] 02/6/2008 14:35

02-Jun-08 Augean AUG Altium Capital Buy 86.00p 160.00p(target price) - Reiteration

[foreverbull] 02/6/2008 13:50

Acquisition




RNS Number : 6990V
Augean Plc
02 June 2008


2 June 2008

Augean Plc ('Augean' or 'the Company')

Acquisition

Augean Plc, one of the UK's market leaders in the management of hazardous waste, is
pleased to announce the acquisition of Astec
Chemical Waste Services Limited ('Astec') for an initial cash consideration of £1.0 million
satisfied by existing bank facilities. In
addition, further cash consideration of up to a maximum of £0.3 million will be due in 2010
if certain performance criteria are met in the
first 18 months of trading under Augean's ownership.

Astec provides bespoke services in the collection, transport and disposal of chemical
waste to a wide range of customers including
educational establishments, chemical and pharmaceutical manufacturers, local authorities and
research bodies. Astec operates from a
permitted site in Rochdale in the North West of England. The acquisition further broadens
Augean's services to customers, geographical reach
and client base. Astec will be integrated into Augean's Treatment Division. There are a number
of clear cross selling opportunities.

The book value of the Astec assets being acquired was £0.3 million at 30 June 2007. In
the year ending 30 June 2007, Astec generated
revenue of £0.7 million and profit before tax of £0.2 million.

Paul Blackler, CEO of Augean Plc, commented:

"By bolting Astec straight onto our treatment division, this acquisition has accelerated
our ability to provide specialist services to
our existing and new clients in line with our strategy. As well as the clear service
complement, the acquisition also broadens our
geographical reach. We look forward to growth in this service area as we integrate the
business and welcome a strong technical and
commercial team to our group."

- Ends -

For further information, please contact:

Paul Blackler/Peter Southby, Augean Plc - 01937 844 980

Billy Clegg/Ed Westropp, Financial Dynamics - 020 7831 3113

James Wellesley Wesley, Landsbanki Securities (UK) Limited - 020 7426 9000

This information is provided by RNS
The company news service from the London Stock Exchange

END

ACQUAARRWKRNRAR

[foreverbull] 02/6/2008 13:49

Augean buys Astec Chemical Waste Services for up to 1.3 mln pounds




LONDON (Thomson Financial) - Augean Plc. said it has acquired Astec Chemical
Waste Services Ltd. for an initial of 1.0 million pounds cash.
Additionally, a further payment of up to a maximum of 300,000 pounds will be
due in 2010 if certain performance criteria are met in the first 18 months of
trading under Augean's ownership.
The waste management company said the initial payment will be made from its
existing bank facilities.



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ash/vs

[chrisdgb] 28/5/2008 08:10

Wonder if we will get any statement soon, must be the AGM coming up ???

[foreverbull] 21/5/2008 17:00

140p! love it but would settle for 120p if offered.

[chrisdgb] 21/5/2008 10:22

TICK, TOCK..........

What price the bid???

140p.

[lbo] 21/5/2008 10:12

Recycling springs One51 profits into 130pc jump


One51, the investment company headed up by Phillip Lynch, saw its earnings increase by 130pc last year as the company expanded its presence in the recycling area and drove organic growth in most of its other sectors