Biffa Share Discussion Threads

[theband] 25/9/2007 11:22

Volvo, from now on i will only post constructive posts. Oh ooby doo,I wanna be like you woo woo.

[volvo] 25/9/2007 08:43

peter what it is showing is that Biffa is changing.

It has a strong position in the uk waste industry and as recycling comes to the fore the cowboy dustbinman will not be dealing with respectable companies and authorities.

The signs of stability are all we are looking for so trading to expectations would see a good recovery.

[peterz] 25/9/2007 08:12

Is this going to add income to Biffa or take away due to reduction in costs of recycling and/or new ways of processing waste?

[volvo] 25/9/2007 07:51

There is plenty more.


Pioneering Energy From Waste Project Is On Schedule
Wednesday 19th September 2007

Construction work on the Isle of Wight will begin this month to install groundbreaking government-backed technology that creates green energy from waste.

A new £8 million gasification plant – the first of its type in the UK – will generate 2.3MW of electricity, enough to power more than 2,000 homes on the island when the project becomes fully operation early next year.

Technology provider Energos, which is investing £4 million in the project, will begin to deliver the specialist equipment to site during late September and construction is scheduled for completion before the end of this year.

Instead of incinerating waste, gasification converts it into a gas using an advanced two-stage thermal treatment process. The resulting heat energy is used to produce steam, which is then used to generate electricity.

Alongside the gasification equipment, investment is being made in the waste processing and recycling equipment at the Isle of Wight Council's Resource Recovery Facility operated by Biffa subsidiary Island Waste Services, the Isle of Wight Council's integrated waste management contractor.

The new facility will extract recyclable material from waste delivered to the site and residual waste will be processed to provide fuel for the gasification plant.

The project is part of Defra's New Technology Demonstrator Programme, which promotes innovative ways of reducing biodegradable waste sent to landfill. Defra is providing £2.7m to meet 35 per cent of the £8m cost of developing and operating the facility during the first year.

The groundbreaking facility is expected to attract visitors from local authorities across the UK and Europe as the drive to develop greener waste processing technology gathers pace.

"This project will deliver significant environmental benefits to Isle of Wight residents. It is on course, on budget and on time," said Tony Grimshaw, Project Director at Energos, which is part of the UK-based ENER-G group.

"Local people may notice a temporary increase in heavy traffic as equipment produced at our Norwegian company is delivered. However, when this small scale, local facility is operational it will cut out the need to use heavy vehicles to transport floc fuel to the mainland".

Tony Grimshaw added: "Another benefit of this localised solution is that because the energy will be used on the Island, there will be little wastage during the transmission process."

The plant will generate electricity from 30,000 tonnes of fuel produced from 60,000 tonnes of waste processed through the Isle of Wight Council's Resource Recovery Facility.

"The additional fuel requirements of the new facility will mean that waste currently sent to landfill will be diverted for processing in the new facility" said Bruce Gilmore, General Manager of Island Waste Services.

Bruce Gilmore added "This will demonstrate the capability of the technology to divert post-recycling refuse from landfill, therefore extending the life of the landfill site and helping the Isle of Wight Council to meet its Landfill Allowance Trading Scheme targets."

There are currently six similar Energos plants operating in Norway and Germany and the technology has a ten year track record with over 280,000 hours of operating experience.

[46pete] 25/9/2007 07:30

Well done for the posting,nice to see something positive about the company.

[jezboy1] 24/9/2007 21:33

Thanks VOLVO good posting.

[peterz] 24/9/2007 20:07

theband - no worries, humour always welcome.

[volvo] 24/9/2007 18:10

Stafford Waste Collection Awarded to Biffa
Friday 21st September 2007

The responsibility for the collection and recycling of waste for Stafford Borough Council has been retained by Biffa Waste Services.

Biffa fought off competition from seven other companies to secure the £17 million, six-year contract.

Biffa came out top of all the rival bids on both quality of service they could deliver and price. Councillor Stan Highfield, Cabinet Member for Environment and Health at Stafford Borough Council said, "It is very clear that Biffa has, despite competition from another number of tenderers, submitted the "winning bid" not just for the service option which I have selected but also for other service options which were being considered."

The new waste collection service will begin in February 2008 and will introduce changes to the way waste is collected in the Borough. This will seek to increase recycling rates in line with legally binding targets set by Central Government.

The service will introduce a new recycling collection based on successful trials run in the Borough over the last three years. These trials resulted in recycling rates of nearly 60 per cent, compared to 30 per cent for the rest of the Borough.

Biffa's general manager for municipal services, Gary Bowles said, "Having introduced a similar service in Wirral, we increased recycling from 13 per cent to 27.5 per cent in just 12 months. A similar service introduced in Mole Valley, Surrey in 2004, has seen recycling rise from 20.6 per cent to 39.2 per cent."

Staffordshire has to achieve a recycling rate of 40 per cent by 2010. Failure to do so will incur punitive fines, which will impact on Council taxpayers. In addition, landfill is becoming increasingly expensive. Every tonne of household waste that is landfilled is subject to landfill tax, which is an additional burden on council taxpayers. The current rate of landfill tax is £24 per tonne, rising to £48 per tonne in 2010.

"Our aim is to provide a top quality service that is easy for people to use and which improves recycling in Stafford," added Gary. "We are delighted to be continuing our relationship with the Council in making the people of the Borough our top priority."

[peterz] 22/9/2007 11:57

Would love to read the article!

[mitzis] 22/9/2007 10:42

I dont understand if the frenche offer 300p a share he will turn it down its insane.

[mr.oz] 22/9/2007 10:30

interview where ? ... theband. Will this be published? TIA

[mitzis] 21/9/2007 18:35

Maybe the Sunday Telegraph will give them a mention again tis weekend.

[volvo] 21/9/2007 18:32

Yep bought in over the this week and now hold a good amount.First target 2.50p but will hold for more if the statement is ok.Either way good untility at a good price.The market just wants some stability and I believe its coming.

[jezboy1] 21/9/2007 16:52

yes, NEXT monday rather than THIS monday.

have you bought some then VOLVO?

the FD bought some at 2.22, a good price if you ask me.

[volvo] 21/9/2007 15:23

The trading statement will be a week on Monday 1st October.

Was told this week that the directors buying in June and July would be an indication.The main directors bought at good amounts at 2.87p.

I understand from the company that it is trading to current forecast and is undervalued.

[jezboy1] 21/9/2007 15:23

they moved the trading statement to next monday apparently... see recent RNS

[pictureframe] 21/9/2007 14:03

closed out here and gone long nrk ;0) , should see £2+ there by close as shorters close for the weekend imho.

[mitzis] 21/9/2007 11:52

And indeed high..!

[mitzis] 21/9/2007 11:04

225p seems to be the trading low established the last two days.