Biffa Share Discussion Threads

[mr.oz] 26/10/2007 21:12

Bid hopes lift Biffa and Shanks (I.C. Week in reveiw)

Created: 24 October 2007 Written by: Algy Hall

Shares in waste management companies Biffa and Shanks plunged during the summer as market turmoil destroyed the perceived takeover potential that had buoyed them.

However, news from the US of a private equity-backed management offer for Waste Industries USA has rekindled investors' bid hopes and sent Shanks shares 8 per cent higher on Tuesday.

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IC View
GoodValueThere have been some issues with Biffa's local collection business but its strong asset base makes it the most likely takeover candidate. Shanks and Biffa are good value at 264p and 256p respectively.


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[theband] 26/10/2007 15:13

Agreed Ideal, you are not alone.
Robbie Burns says if you find youve bought a dog, sell it. He says most people, if they have a share thats in profit and one thats down they sell the one in profit to prove to themselves they can make a profit. However more often than not, that share continues to rise, whereas the dog continues to slide.
So i read that and promptly sold ICAP when i was just back in profit, but hung on to BIFFA, where i am currently down 12%. ICAP has risen almost every day and is up approx. 12% since i sold.
At least now BIFFA is starting to come back, but its painfully slow.
The moral of this story, patience is a virtue. Wish I had the time.

[janes bond] 25/10/2007 21:38

46pete - 3 Oct'07 - 10:45 - 2 of 2

All very quiet, must be lots of people sitting with their fingers crossed!!

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Not so quiet on the BIFF thread. You might want to have a read through.



If you prefer to stay here, I will look in and post on this thread as well.
It is crucial that biff posts positive updates from here.
I have been invested since BIFF demerged from Severn Trent. I did short the shares after the poor announcements. I added to my holding with the proceeds from the short. I will hold with a long term view. I have only a few longs. I am normally short on shares but make exceptions with companies like this one which has been hit far too hard. The management appear to be sound but it might take some time for their efforts to show through. A nice dividend gives more incentive to hold.

[ideal420] 25/10/2007 21:28

theband, this boat we share rides some frickin choppy sea's my freind :)

I will never diss the day job again.....at least until Monday.

I only started this stock thing in March, right about the peak of the ftse, 6700. Things went well for a few months, made 15% (which included some big winners and losers). Since then, its been a disaster, lost the 15% and lost another 30% on top of that.

The banks and share mags are screaming buy or hold, while they are dumping left, right and centre. I'm learning, just slightly concerned I'll run out of cash before I've got the basics down.

From all the books I read, I understand this is a common complaint.

Still, its a damn site more focusing than paper trading!

[theband] 25/10/2007 08:32

I was listening to news early this morning. Bank of England warns that shares could fall further. I decided i would sell first thing, but something came up and i left it. How wrong can one be. I have decided i know f all and should have stuck to my day job.

[46pete] 25/10/2007 07:29

Lets hope thats the case,will abolishing the rubbish tax be helpful to us?

[watwungyi] 24/10/2007 22:43

we might see a finish of above 260 this week. if that were the case, it would confirm the share price is on its way to another reisistence at 280.

[mitzis] 24/10/2007 21:14

filter the above

[ideal420] 24/10/2007 21:12

In that case, Robbie must have said he sold nearly every stock in my portfolio, every single one is down....... I broke even with biff yesterday, but thats down now too.

[theband] 24/10/2007 15:25

Robbie Burns said he bought vanco, so up it went. Could somene invite him here please.

[watwungyi] 24/10/2007 12:47

hope so, the band. yesterday it went as high as 263.we need a finish of above 260. that would be reassuring.

[theband] 24/10/2007 09:29

Morning all, share price looking strong again today, could finish blue

[9degrees] 23/10/2007 16:48

waste amangement in US going to private equity stirs up sector ?

[peterz] 23/10/2007 16:29

Someone snapping up 150k at 258p.

[peterz] 23/10/2007 15:48

Other shorters taking profits - £3 could be a long way off unless a bid.

[watwungyi] 23/10/2007 14:01

i'll take some profit at around 290. come on move there quickly. next week?? perhaps that's unrealistic.

[theband] 23/10/2007 12:27

We've been here before, much more comfortable. Wonder whats occuring

[peterz] 23/10/2007 12:23

Looking very promising at 6.26% rise. Lets hope it holds. I wonder if Sunday papers have a tip and its got out?

[46pete] 23/10/2007 11:58

Back up to issue price at last,Ive still got a bit more to go into profit.

[tom89] 23/10/2007 09:36

I'll just be happy to get back into profit.

[pictureframe] 23/10/2007 09:10

Well I sincerely hope you all make a killing with the share.