Augean Share Discussion Threads

[cliley454] 07/7/2011 09:15

Just a delaying tactic imho, no big deal, with the usual over reaction from the market.

[chrisdgb] 07/7/2011 08:49

well disappointed by reaction this morning, we had already lost any of the LLP rise anyway..!!!

[site manager] 06/7/2011 17:18

Chris,

Agreed.
Hard to believe somebody else holds this & ANTP.
Regs,
SM.

[chrisdgb] 06/7/2011 10:45

would be nioe to see this push back above the 30p level...

[chrisdgb] 01/7/2011 08:11

anyone else got any thoughts on this undervalued gem....very little activity..

[chrisdgb] 29/6/2011 09:55

800,000 just gone through at the mid price.;.

[chrisdgb] 27/6/2011 08:28

Well we have seen it before but it will be interesting if the end game here is a takeover, particularly if the market continues to undervalue...

[lbo] 23/6/2011 13:25

DCC buys hazardous waste collection firm

[chrisdgb] 21/6/2011 11:56

very disappointing to see this slipping back..

[lbo] 10/6/2011 19:58

Analysts at Singer Capital Markets said winning Government approval has the potential to be "transformational".

They said: "If any commercial contracts for the handling of LLW are signed, there would be potential for upgrades to forecasts. On our assumptions, each 1,000 tonnes of LLW could add close to £0.5m to forecasts.

"Although no commercial contracts have yet been signed, we believe a number of discussions are ongoing and a positive outcome looks likely at some point this year."

Singer analysts expect Augean to report adjusted profits of £1.3m in 2011 on sales of £36.9m.

[cerrito] 07/6/2011 23:22

Went to the AGM and seemed to be the sole private shareholder.
By AIM standards they have a good and strong board and are professional people.

Going through the annual report prior to the meeting, noteworthy that the amount of hazardous material they processed in 2008 was 323k and in 2010, 192K, which shows the extent of the downturn that has hit them. Development of brownfield sites is an important driver of this business and not sure if we are going to see a great pick up in the next couple of years. Incidentally queried why last year their processing of non hazardous waste had gone up so much given that landfill is a scarce resource; apparently in one of their sites in the North, they have in very close proximity a landfill site for hazardous waste and another for non hazardous and the fact that they can deal with both is an important competitive advantage.

Incidentally I note that apart from the Bristol treatment facility they have nothing south of Peterborough/ Worcester and it would be interesting to see how much of a disadvantage not having anything in the more dynamic South is given presumably the high costs of lorry transport.

In terms of the LLW, said they would be disappointed not to have their first orders this year. They have complied with all the detailed conditions for it to be operative apart from putting a fence around it. They work with the Nuclear Decommissioning Authority-www,nda.gov.uk who sets up strategy for disposing of LLW; as I understood it the only other facility that does Nuclear LLW is in Cumbria and does not have the full range of services. Ie there is some landfill(did not get how much) that only AUG does. In addition to the NDA there are private sector potential clients-GE Health care was mentioned.

The question was asked by what the Board expectations-referred to in the AGM Statement-were and a reference to a note put out today by Singers-their broker-which as I gathered had new estimates.. Should have asked to have seen a copy. Any update has not made it to Digital Look yet who still have broker's estimate for pretax profit at £1.15m.

[lbo] 07/6/2011 12:50

Sounds like an earnings upgrade on way?



"This is a significant milestone for Augean and we expect that the site will be able to start receiving low level waste from Q4 2011 and into 2012

McDowell said the group continued to make good progress with its wider growth strategy and the board remains optimistic about delivering the original expectations for the remainder of the year.

He added: "In the event that commercial contracts for LLW disposal are signed the board will then review the forecast for the year."

[chrisdgb] 07/6/2011 07:55

Nice AGM statement here today....positive outlook...LLW ruling a landmark for the company..

Really happy with my holding here and let us hope we can make a sustained push for the 40p level and beyond..

[lbo] 30/5/2011 12:35

Shanks to expand UK waste operation

a surge in demolition and construction projects across the continent, many of which were stalled during the winter, meant the group ended the year to March 31 ahead of market expectations.

Tom Drury, chief executive, said Shanks would invest £150m ($246m) in expanding its UK business, which last year accounted for a quarter of the group's £21.2m of pre-tax profits, in a bid to cash in on the rising costs of disposing in land-fill sites. Changes in legislation mean the tax on land fill will rise from £56 per tonne to £86 in 2014.

"We see the UK as our strongest growth market, as half of all its waste is still going into land fill, but the costs of doing that are going to get prohibitive so people are going to be looking for alternatives," Mr Drury said.

Sales in the UK grew by 20 per cent during the year to £176m, buoyed by the municipal waste division, which is under contract to manage 1.5m tonnes of rubbish. The strong performance helped to offset the weaker levels of activity in the commercial and industrial sectors

[lbo] 26/5/2011 14:56

Large buys at 33.125p going through!



Deal of the day: Augean jumped 19.8% to 331/4p, after the hazardous waste Manager was granted permission by the Government to dispose of low-level nuclear waste from decommissioned power stations at its East Northants facility outside Peterborough. The company expected disposal of crushed concreted, bricks and metal to start there later this year

[chrisdgb] 26/5/2011 09:31

transformational are words we like.....I notice Edison now point towards their top end price range of 75p per share..

[imabastard] 26/5/2011 07:05

.... and more rubber stamps .... RNS .... :o)

[lbo] 25/5/2011 22:00

Small caps: Augean gains at nuclear waste award

Augean, the hazardous waste specialist, jumped 19.8 per cent to 33¼p after government gave permission for low-level nuclear waste disposal at the company's landfill site near Peterborough. Stockbroker Killik said the news was transformational for the company.

[lbo] 25/5/2011 10:41

I agree the chance of the takeover bid resurfacing now is very strong!