Augean Share Discussion Threads

[cyberian] 26/8/2008 14:49

Friendly or hostile bid is the key at present, but with so many big holders some party may just try their luck with a take it or leave it offer to the AUG board. Seems like the present management know what they are doing so a sweet offer to keep key personnel on board make sense. They deserve some reward as they appear to have got the company well positioned for an exciting future and they have obviously earned some key contracts and trade connections where experience and integrity are key. Again the RNS released today evidences the excellent work/review of their strategic alliances etc.

[lbo] 26/8/2008 14:35

I am not sure I believe it but £2 has been just mentioned to me! We must not forget that One51 were happy to be buying shares at £1.50 so this would suggest they saw value at that level.

One51 have also been known to sell out themselves if the price is right!

[cyberian] 26/8/2008 14:14

LBO..thanks...again like the comment suggesting prelim. offers at "significant premium to current SP"...would think that was at the time when the actual share price was in the 75/80p range. As I mentioned earlier the key is at what premium is offered above book value of circa 123p...cant be less and more likely 150p level for starters in view of the latest company update on licences/technology tie-ups etc. Future looks very solid and should support initial share price levels closer to 100p plus. A pre-emptive, knock-out bid would make sense in view of various large holdings...but what do I know!!

[lbo] 26/8/2008 13:40

Bid approaches propel Augean higher

[cyberian] 26/8/2008 13:19

Book value was recently reduced to about 125p after conservative write-down of acquisition goodwill...before that book value was 152p. The key appears to be the degree of work/advancement that the company has clearly been working on and have detailed today. There are quite a few big holders, some looking perhaps for a nice profit but others more serious about the longer term value, ie One51 the Irish concern that has the largest holding and has the cash available. Doubt that AUG can stay independant although the prospects alone are looking extremely positive...100p looks as though it might be a holding level until a proper offer is flushed-out, which should be close to 150p. aimho.

[azalea] 26/8/2008 13:10

" a number of approaches"!!

[lbo] 26/8/2008 12:52

"the Board of Augean considers it appropriate to inform shareholders that it
has received a number of preliminary approaches which may or may not lead to an offer for the company at a significant premium to the current share price"

Its a matter of how much! The line of interested bidders is quite long I hear so One51 will not have all their own way. This business has huge barriers to entry and could be very valuable approaching the Olympics.

The question is what is the "significant premium"?

£1.50 plus?

[cyberian] 26/8/2008 12:33

Something happening? Cerrito...excellent last post but wonder if initial buying this morning was in response and now we are seeing more serious buying or positioning in anticipation of a formal offer. The recent GS purchase in what is a thin float suggests that someone wanted to accumulate.

[lbo] 22/8/2008 13:16

Waste group Greenstar in talks to buy rival Panda in deal worth €65m


WASTE MANAGEMENT group Greenstar is in advanced negotiations to buy either all or part of its rival, Co Meath-based company Panda Waste.

Greenstar, which is owned by NTR, the energy and utilities group, is conducting due diligence on Panda

[lbo] 22/8/2008 13:11

THE ROCHE family has invested over €77.4 million to increase their interest in NTR.

[lbo] 21/8/2008 13:54

Sounds like One51 could be selling out of NTR as they did not use the recent buy back cash to hold their stake unlike the Roche family. Would that leave them ready to back the One51 waste business into Augean?

Roche company ups stake in NTR


A company controlled by the family of Tom Roche has increased its stake in energy and waste group NTR to almost 40% after a €77m share deal.

NTR said Dreamport, a subsidiary of Woodford Capital, had bought just under 12 million shares at a price of €6.50 from Standard Life Investments.

Dreamport is the biggest shareholder in NTR, while investment group One51 has a 25.6% stake.

[lbo] 14/8/2008 19:15

Thats what the mms do when they want stock! Perhaps a big buy order is trying to be filled

[battlebus] 14/8/2008 19:05

Yep a few buyers sucked in .

[badtime] 14/8/2008 18:50

lol..bak to reality

[cyberian] 13/8/2008 13:33

Last year notice of H1 results was given by the company on August 3rd, for 11th September...so a bit late this year in giving specific date. However, we should expect notice any day soon unless something else is afoot! The GS purchase as mentioned at the time was interesting, but we maybe having a pre-result run, although in this market I am rather surprised.

[battlebus] 12/8/2008 18:14

Rise today due to news that plastics from landfill could be open mined for to produce oil. Estimates run to billions so AUG might just be sitting on a pot of gold.

[chrisdgb] 12/8/2008 12:14

sniff of a bid?????

[azalea] 12/8/2008 09:54

The Interims next month should show a big improvement, after which I expect 151 ltd to make a move before the year is out; if not, then one has to wonder what its strategy is?

[chrisdgb] 12/8/2008 08:55

interesting strength here........

[azalea] 04/8/2008 08:23

Apart from you touting your share on the wrong thread, there are no broker forecasts for IGP and recent director buying amounts to less than 9k between two of them.