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 Shares Traded Last Trade
  0.00 0.0% 232.50 430,955 00:00:00
Bid Price Offer Price High Price Low Price Open Price
225.00 240.00 232.50 232.50 232.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 91.66 16.43 12.70 18.3 244
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:39 O 2,026 226.555 GBX

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Date Time Title Posts
01/3/202108:52Augean PLC - A little company with a big future.2,490
12/10/200617:09Augean PLC - A little company with a big future2
27/9/200409:29August Tipster Result6

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Augean Daily Update: Augean Plc is listed in the Support Services sector of the London Stock Exchange with ticker AUG. The last closing price for Augean was 232.50p.
Augean Plc has a 4 week average price of 197.50p and a 12 week average price of 185p.
The 1 year high share price is 232.50p while the 1 year low share price is currently 107.50p.
There are currently 104,971,924 shares in issue and the average daily traded volume is 681,799 shares. The market capitalisation of Augean Plc is £244,059,723.30.
trainsailing: IMO results could have been a lot worse given the circumstances. Opening paragraph from the interims was very negative and obviously didn’t help the share price.
trainsailing: Only thing I can see is this tip on Motley Fool. Interims due on 21 September hopefully some good numbers coming.
cerrito: I have no Aug at the moment and took advantage of this announcement to see if I should go back in. The reality is that we are flying blind. The lack of construction/demolition activity will have hit them for six. I have no feel for EFW activity. Given current oil prices one assumes that the revenue they get in NSS from current production will be week in coming months although this low oil price will encourage decommissioning. I had never heard of the Fluff layer. At first read it seemed odd that they had not done this filing before but I trust management and it will be some time before the Court of Appeal gets to it. Good news but the £150m marcap seems rather high given current economic activity and the tax unknowns. It does reflect good management and a stable shareholder base. I will continue to sit on the sidelines. Other views welcome.
johndoe23: Most stocks have bounced this past week, seems AUG yet to join the party. Wouldn't have thought a hazardous waste business would be unduly affected by covid 19?Any thoughts/insights welcome...
cerrito: horgan The company will tell you if you ask the, The FD is very responsive. In the meantime I see that Edison has produced a report on Gresham House Strategic whose 7% holding in AUG is 32% of their NAV. I saw the reference to Christopher Mills in 2734..I wonder how many boards he is on..he is on Sureserve where I have shares.
thefartingcommie: hTTps:// The £220 million specialist in hazardous waste Augean (LSE:AUG) has affirmed strengths in a pre-close update, citing 2019 normalised pre-tax profit “at least in line” with October’s upgrade in the consensus from £16.5 million for £18.4 million. That sounds plenty confident, though not higher than expectations; management being wise not to over-egg guidance after a recent upgrade. It catches my attention less for precise figures than a corporate trend of underlying momentum and upgrades. From 210p, the stock opened at around 220p but drifted back to 212p, as if demand-supply is currently in equilibrium, the price having risen 48% since I rated Augean a “buy” last October at 152p. While a near-term “hold” stance may be appropriate, it looks like things are now coming together such that the stock remains a “buy” on a multi-year view.
martinc: Long-term, I think the question is that if it is decided that aug should have been paying more tax in the past, then presumably they will have to pay this extra tax on future business as well, which may have have an impact on future profits. I have no idea what this impact is though.
woozle1: IC from 7/11 has waste sector focus at the back. Although no specific referral to AUG, it talks about the investment in Energy from Waste. The number of incinerators has risen from 33 in 2014 to 47 at the end of 2018 with another 15 in construction. I would expect this to be good news for Augean; despite the questionable environmental efficacy of these facilities. w1
morton2011: Woozle1, Augean haz landfill sites very cash generative. It's really quite a simple business to dig a hole and then fill it.There are very few haz sites which allows for premium pricing. It's the licencing which is the difficult part and Augean are good at that albeit they bought their haz landfill sites.The landfill tax however has kept increasing and is much greater than the premium. The combination of pricing which is what the customer is interested in and allows competitors to offer alternative treatments, often these are pretty sham but that is the waste market. By not charging lft on a portion of their waste streams allows Augean to be competitive in the waste market. If I am a producer of nuclear waste my options are extremely limited and landfill is the only one. Augean put nuclear waste in the same holes and charge a premium premium + lft. The price is set more by what Augean think is the max income they will get Vs volume. There are other waste streams like this for the which landfill is the best option but why would Augean take any risk on landfill tax interpretation for them if so.I don't know which waste streams are involved in this case as Augean are not saying. The price rise we can estimate if they lose as there is an average gate ex lft price in their accounts and you then add £94.15 per tonne to that. So it will easily double in price to the customer.Augean may still keep the waste at the new price if they lose the tax case but seems unlikely as other treatment processes would be being offered to these wastes at double the prices they can currently charge. They must be worried about this or they could simply agree to pay the tax going forwards while continuing to protest innocence for past practices, as their customers will pick up the bill. They then fight the historic charges in the courts for years and lots of options to ring fence that risk if so.Still a good company with valuable assets , it's the forward p/e and pricing of share price I was questioning.
cerrito: A good AGM which went on for 75 minutes and all questions well answered by the Chairman, Jim Meredith(JM). First time for about 7 years I have made an AUG AGM-I have been to 2/3 meetings years back and I was the only shareholder there, so it was a bit of a waste of time. About 8 shareholders there. Just one NED- I have no problem with that and the COO, who is not on the Board. JM, who handled virtually all the questions, did something that set the tone in a positive way and is not often done-namely welcome and shake hands with shareholders when they registered. All resolutions passed 90 pc or above. 64m out of the 104m shares voted ie a high turn out ,which one would expect given the shareholder base. HMRC Hardship for the South has not yet been granted. They are still going on the basis that it will go to the Lower Tribunal early next year but warned that with the Tribunal’s backlog, this could be delayed. JM did not want to comment on how long the Tribunal would take to make a decision and then one has the scenario of either party appealing. That said, I have concluded that we need to brace ourselves that by the next AGM there may be no resolution-either because it is in Appeal or that the Tribunal have not decided. He said very little chance AUG and HMRC would cut a deal. AUG felt they have done nothing wrong and HMRC want a definition. Had no hard intelligence if other companies in this space are in the same situation with HMRC. Agreed that not needing to spend as much management time on this now and have strengthened the way they control tax collection/assessment. AUG act as tax collectors for HMRC and required to assess tax payable. As highlighted in the last trading update question of penalties. Depends on how cooperative they have been with HMRC - ie they have done an extensive internal audit and did come up with some genuine errors on which the level of penalties will be modest one assumes. I went into the meeting assuming until this is sorted out AUG will not be undertaking major initiatives and this was implicitly confirmed. Basically running the company for cash and non maintenance capex focused on removing bottlenecks ie in Port Clarence treatment. General business conditions. Commented that ash volumes had been lower than expected as delays in getting plants on stream-something as an ex IRV shareholder I am only too well aware of. North Sea going well and very pleased with the Curlew deal. The Scottish Government has the ability to steer that decommissioning be done in Scotland. There are five ports who can do it, one of which Lerwick is not very functional. AUG are in Dundee and Aberdeen. Curlew will take 3/6 months. That said JM did say that while big picture is great potential in North Sea, in the short term revenues can be very unpredictable. As they have stated in their previous two Trading Updates, radioactive doing well after all the frustrations of recent years. North Sea has naturally occurring radioactive waste. JM was very good at not letting the cat out of the bag in terms of how good things were going and I was surprised to see Friday#s TU. I got a clear takeaway that there will be ups and downs in trading and it will not be a straight line. He said he had to stress to the City that it is not a utility business with predictable revenues. I also gathered that N+I Singer had done a research report with a sensitivity analysis of differing levels of revenue. Brexit Not much of an issue. Going on the basis that they will continue to operate under the current EU regulations and that the UK Government will have, in the short term, other things on their minds and so will not change the guidelines. JM did comment that EU regulations based on tonnage are not fit for purpose for the current environment climate. They do send some waste to the EU. Management Structure To me interesting the pay gap between JM and the FD-respective total compensation is £271K:£354k. This reflects that JM works three days a week. Now that they have finished the general restructuring and indeed the HMRC he is now more of a traditional Chairman. Ps Forgot to ask if they have now collected all the cash from the East Kent sale but no doubt we will be told on July 17 in the interims.
Augean share price data is direct from the London Stock Exchange
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