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AUG Augean Plc

371.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 371.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Augean Share Discussion Threads

Showing 2226 to 2248 of 2625 messages
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DateSubjectAuthorDiscuss
19/9/2017
19:22
Based 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."
masurenguy
04/9/2017
19:07
Yes it looks so Chris Mills has decided to double the stake to around 14%.
brummy_git
04/9/2017
18:56
Two holding notices tell us who is buying the shares
robizm
04/9/2017
08:09
Very odd - surprised no rns on volume - what do people make of it ?
wolfhound1
04/9/2017
06:39
11:34:31 23 7,100,000 1,633,000
11:33:58 23 210,000 48,300
11:33:45 23 250,000 57,500
11:33:26 23 2,837,500 652,625
11:30:05 23.08 1,000,000 230,800
11:27:12 23 6,294,741 1,447,790

I see the 23p trades as sells

Following those Volumes for the rest of the day were less than 1M shares ie MM's marked it up as follows

Volume Value
16:29:46 26.511 1,650 437
16:14:56 26.511 29,000 7,688
16:14:46 27.5 75,000 20,625
16:12:25 28.48 12,000 3,418
15:46:13 28.48 2,000 570
15:28:23 28.5 13,991 3,987
15:14:44 27.94 40,000 11,176
14:59:24 25.6251 3,459 886
14:54:54 27 14,000 3,780
14:26:06 26.8999 8,018 2,157
13:53:34 25.51 5,000 1,276
13:53:21 26.5199 10,000 2,652
13:51:45 27 232,000 62,640
13:36:19 26 100,000 26,000
13:31:22 23.99 9,000 2,159
13:30:44 23.99 1,000 240
12:28:46 23.99 250 60
12:17:51 23.97 20,000 4,794
12:12:19 23.97 20,000 4,794
11:43:25 24 250,000 60,000

buywell3
01/9/2017
15:25
Nice ending to the week for AUG, which way from here is another matter. Good Luck to those still holding.
clocktower
01/9/2017
12:56
MM playing a good game keeping the visual spread so wide.
clocktower
01/9/2017
11:49
9m are purchases done on a small turn to the bid.
tiltonboy
01/9/2017
11:49
Nice spot wolfhound - yes, there appears to have been 4 trades at 23p totalling 17.2 million shares at circa 11.30am.

Clearly somebody (probably a serious value investor) is prepared to step in at these incredibly low levels and take advantage of a seller who appears desperate to get out

brummy_git
01/9/2017
11:21
volumes of 18mn shares sold on LSE showing for 11-11:40 am today - is that correct ?
wolfhound1
31/8/2017
16:47
Up to the men and ladies in wigs now.

HSBC won't care as there are a lot of assets in Augean assuming they rank above HMCE which I think they do.

The landfills make oodles of cash each day and buyers will queue up for them. Augean can charge the full LFT if they have too and may lose a lot of business but there is already some waste paying the full LFT anyway. This decision if upheld simply reduces the cashflow day to day.

If Augean do start charging full LFT however what does that say about their past practices ... HMCE will see that as vindication of their case and go for the last 4 years of tax as they are statutorily bound to do.

So the BOD have to fight the case, if they lose then the company is very likely doomed. The underlying businesses, assets or employees are not doomed as they produce cash but maybe not enough to meet the one off tax bill so would get bought out in a liquidation. Unusual situation.

morton2011
31/8/2017
14:15
Always hard to hit the floor but has it reached there today and will the last buys be the turning point towards 30p before it settles and awaits news?
clocktower
31/8/2017
11:36
It's all about speculating for the future.
dragonboy
31/8/2017
11:24
The company is in crisis now.

This is not about the taxman.

If there are issues with pricing, do they have to hike the price up?

what happens if clients dump tens of thousands of tons on them now, before any pricing hikes?

Just speculating here

will the ops become massively loss making?

dragonboy
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