Biffa Share Discussion Threads

[mitzis] 01/9/2007 11:08

This recent fall has been a great opportunity to buy some very cheap shares... thank you.
A defensive share for those frightened to buy Barclays and bank shares.

[peterz] 31/8/2007 23:07

Ideal420, thanks for response. They do look to have good potential mid to long term.

[theband] 31/8/2007 22:50

Hey Mark, just read that article again, i think you had a misprint on the last line, look..........

'We think markinthepark should follow their example and keep buying.' :o)

[markinthepark] 31/8/2007 15:50

Just a reminder of that article in the telegraph last week......lovely week this week to be a BIFFA shareholder......Citigroup's target here is 345p so plenty of milage left to go yet.......

Don't rubbish Biffa shares

Shares in Biffa (238.25p), the waste management business spun out of Severn Trent last October have had a torrid time in recent months. The stock, which listed at 260p, has fallen more than 30 per cent since the company announced its preliminary results in June, and some 17 per cent since the market correction. We believe the shares have been oversold and reiterate our "buy" recommendation of eight weeks ago.

Waste management as an industry should be relatively immune to any downturn in the economy. Biffa has also had a good start to the year; it collects more than 4m tonnes of waste each year from around 80,000 commercial customers and 1m households. Analysts at Citigroup have a price target of 345p on the shares and the company is forecast to grow earnings per share by around 16 per cent in 2009 and 2010. Its shares are trading on a price earnings multiple of just 14.4 times for 2008, a discount to its peers. Biffa's directors have also backed the company, buying around £340,000 worth of shares in the last two months. We think readers should follow their example and keep buying.

[mitzis] 31/8/2007 12:55

Only joking theband I am more happy this week.

Thats a spike up.
Still 30p down from float .

[peterz] 31/8/2007 10:54

New boy on the block so please excuse my question if obvious. What impact if any is the reduction in bin collections likely to make to Biffa? Looking to buy and co seems good value.

[46pete] 31/8/2007 07:26

I still have 30p to get back to break even,a nice steady rise would be more than welcome.

[johne1] 30/8/2007 17:52

Although I had some success with spread betting on the way down, I must confess that I was getting rather fed up with my shares going down in value.

Onwards and upwards, we hope.

[46pete] 30/8/2007 09:40

Perhaps we can breathe a sigh of relief for the time being!!

[theband] 30/8/2007 08:51

could be right pf

[pictureframe] 29/8/2007 20:53

up 3-5% tomorrow me thinks ;0)

[ygor705] 29/8/2007 20:32

Have faith chaps.........a reverse head and shoulders looks to be developing on the chart. The share price also has a firmer feel to it of late.

[46pete] 29/8/2007 13:01

Perhaps they are reading it a few days late.

[theband] 29/8/2007 12:34

mitzis....Why ?

[mitzis] 28/8/2007 13:17

Blast those Telegraph readers.

[markinthepark] 28/8/2007 09:35

More like visiting the Madhouse today........still the longer term should give us rewards....

[theband] 28/8/2007 08:56

Whereas this mornings chart is visiting the pau valley.

[theband] 28/8/2007 08:54

Bart (12 month chart) has definitely morphed into alpine stage of tour de france and is now on the ascent to alp d'uez.

[markinthepark] 28/8/2007 08:51

If they get to 300p you won't be able to sleep due to my partying all night.......

[theband] 28/8/2007 08:45

Great, wake me up when they get to 300 so i can get my money back.

[pictureframe] 28/8/2007 07:58

i like this bit


Analysts at Citigroup have a price target of 345p on the shares and the company is forecast to grow earnings per share by around 16 per cent in 2009 and 2010.

[mitzis] 26/8/2007 12:48

270p to 280p I guess.

[pictureframe] 26/8/2007 12:26

Agree plenty of mileage here. Should break £2.70 upon next days trading imho.

Nice divi is a bonus.