Augean Share Discussion Threads

[lbo] 24/3/2010 10:22

Augean battles through the most challenging year it has faced



exceptional costs of £55.7m mainly from goodwill impairments on its landfill and treatment divisions

Augean said while it expects a "challenging" first half, it believes it will return to profit in the second half.

[philo124] 23/3/2010 19:59

What was the £55 write off? Writing off the value of holes in the ground?

[half a scargill] 23/3/2010 19:53

It's always darkest before the dawn eh!

Bad news has been priced in for a while, since their peers reported less-than-good results earlier in the year.

In for a punt, and happy to hold longer term for the inecitable recovery.

[contrarian2investor] 23/3/2010 18:46

The only catalyst that I can see for this company is a takeover by a larger US peer. However I might still be tempted to make an initial purchase at sub 22p.

c2i

[azalea] 23/3/2010 16:45

After dismal FY results can things get any worse? I doubt it. Its probably just a question of how long the major holders are prepared to wait for a recovery, or willing to accept a bid and take a loss on their original investment.

[cerrito] 17/3/2010 15:21

no surprise that just before an election this proposal was turned down by the councillors...and they could not have delayed it till after the election as it would have been a hot election issue which raises the stakes and will be interesting to read what the inspector says

[praipus] 16/3/2010 13:33

Ecofin (ECWO,ECWS,ECWZ,ECWL) have an investment in Marwyn and the ords trade at a discount to assets.

[lbo] 16/3/2010 13:29

BORD na Móna and the Philip Lynch-led One51 have been tipped as the two strongest contenders in the race to buy Greenstar, the waste management arm of NTR

[lbo] 15/3/2010 20:49

Northamptonshire County Council is likely to approve the use of a local landfill site to store hundreds of thousands of tonnes of nuclear waste.

Tomorrow, the council's planning committee will respond to the application from waste management firm, Augean.

[azalea] 15/3/2010 13:12

Buying strengthening, but the 'offer' is still 26% below what directors paid -38p in the Sept 09 Placing.

[lbo] 15/3/2010 08:29

A Killik buy recommendation lifted waste management group Augean to 33.5p before a close of 28.25p, up 2.25p.

The broker is hopeful-that the company will gain approval from the Northants County Council for storage of low level radioactive waste. The award would be transformational and lead to a substantial re-rating of the business






Council to approve plan to send nuclear waste to landfill

Waste management company Augean is seeking to use a site in the village of King's Cliffe, Northamptonshire, to store up to 250,000 tonnes of radioactive debris a year

[azalea] 15/3/2010 07:55

Not for SKS that's for sure, unless they pay the asking price - circa 150p.

[solarno lopez] 15/3/2010 07:47

No bid from Carlyle will arrive

[azalea] 15/3/2010 07:31

Cerrito
If the likes of Carlyle can bid for SKS, then I do not see the validity of your argument. You would also have to then question the thinking and credibility of the financial institutions with major holdings. Only time will tell.

[cerrito] 14/3/2010 23:00

azalea your 1589

I would be very surprised if Carlyle or indeed any other financial investor of their ilk would look to bid for AUG given that it is is such a specialized field any any bidder would have to be a SKS/Biffa type entity or someone with industrial background

[azalea] 13/3/2010 16:22

Further to the IC report, today's Mail reports that brokers Killick, have given 'AUG' a 'buy' rating.

[skyship] 12/3/2010 16:20

Ah - I keep these on my Monitor to buy back in at some stage; and wondered why they popped better today - thnx - hadn't clicked on to read that IC piece yet.

[azalea] 12/3/2010 15:50

The reason why so many of us bought into AUG(up 8-12% today) when it was thought to be at a low(having dropped further since)appears to be still intact with the IC today naming it as one of several top takeover tgts. Whilst it names One51 as a stumbling block with 18% and well out of the money at current levels, it suggests that a predator could gain a majority stake from just a handful of other major holders willing to sell. The question is, at what price?

[sir beeksalot] 09/3/2010 09:08

And do I spy a tentative double bottom on the chart?


vbrs


Hugh Heff

[azalea] 09/3/2010 09:01

SKS has broken off talks with its potential bidder, will the latter now turn its eye onto the only other UK listed waste disposal company -AUG.