Biffa Share Discussion Threads

[mj19] 20/10/2016 12:12

Biffa has announced an offer price of 180p a share, giving it a market capitalisation of £450m, ahead of its planned listing on the main market on 20 October. The offer constitutes 47 per cent of the waste management group’s total share capital and should generate gross proceeds of £262m. Management plans to use the proceeds to make legacy VAT payments to HMRC and pay down net debt to two times underlying cash profits immediately following the IPO.

[ricky46] 20/10/2016 08:32

Just seen this, way too much debt here, that's why the float price is no were near what they originally wanted.

[pineapple1] 19/10/2016 09:45

They like to expand thru aquisition. I believe they bought Cory recently. Don't believe the integation of a regional player fits to well with a national player like Biffa. Will the customers accept charges per lift far in excess of what they were paying.
I doubt it.
imho

[spob] 19/10/2016 06:05

That's why i highlighted the date you cheeky monkey

[theoriginalyoda] 19/10/2016 04:34

Lol, that article is from 2012.... Slightly dated. I'm not even invested here and I can see through your troll status spob!

[spob] 19/10/2016 04:18

30 September 2012

[spob] 19/10/2016 02:23

could this be downgraded to Junk status :)

[larva] 18/10/2016 18:27

heading to 90p

will warn in due corse


this kind of rubbish always ends up in a black bag

[pineapple1] 18/10/2016 16:49

A good short i would think here.
imho

[pineapple1] 18/10/2016 16:49

A good short i would think here.
imho

[spob] 18/10/2016 11:10

the only reason for this float is to pay off debt and pay off existing shareholders

i'm guessing they will be looking to take shareholders for a ride in the future in regard to raising more funds / paying off debts

all just my opinion

please do your own research and read the prospectus for a start

[spob] 18/10/2016 10:59

stay well clear

far too much debt imho

[spob] 18/10/2016 10:13

Prospectus pdf

[spob] 17/10/2016 08:48

one hundred and eighty

[tsmith2] 17/10/2016 08:40

What price have these been floated at?

[rock star] 17/10/2016 08:22

A bit of a disaster for the Private Equity behind it..

[tommy25] 17/10/2016 08:18

who the hell is this company

[spob] 17/10/2016 07:53

Biffa refloated, 180p, Mcap 450m, and loads of debt, 17 Oct 2016

As of 24 June 2016 ....Net current Asset Value = MINUS 645m (current assets minus total liabilities)


2014...Op profit 5.9m ...Net Finance costs 32m ...Pre tax Profit/(loss)....(26.1m)
2015...Op profit 28.6m ...Net Finance costs 36.1m ...Pre tax Profit/(loss)....(7.5m)
2016...Op profit 44.2m ...Net Finance costs 41.3m ...Pre tax Profit/(loss)....2.9m


The Company expects to receive net proceeds of approximately £220.9 million from the issue of Offer Shares in the Global Offer and subscriptions for Subscription Shares.

Number of shares at re-float 250m











ITF -

Offer price -

Prospectus -

[madjock2] 12/3/2009 09:02

Possibly

The labour party so as to allow masses of immigration into the UK from a "war zone".

[loverat] 11/3/2009 20:39

This is actually very interesting. Nobody knows for sure who shot down the President's plane which triggered the conflict.

Hutu's possibly because they were worried the Hutu president was going to give concessions to the Tutsis. The Tutsi army possibly?



What followed was a terrible conflict which later spilled over into The Democratic Republic of Congo. Still ongoing.

[loverat] 11/3/2009 17:21

Madjock

There is loads more to it and yes - it is largely about class and status. This part of Africa used to be under the Belgians and the Tutsis although representing a small percentage of the population were made the ruling class.

It is believed that the Tutsis are from Ethiopia originally (they are lighter skinned and more attractive than the darker skinned Hutus). Resentment and jealousy going back years plays a big part.

By the way - the trigger of the conflict was the shooting down of the President of Rwanda's plane (a Hutu). Not proven which side did it yet.

[ignatius j reilly] 11/3/2009 16:59

Sorry MJ, high horse gotten down from. You do always seem to seethe with the_doctorial levels of anger when I express my opinions though which is why I'm a bit defensive.

Right, Rwanda. It looks to me like there has been a long history of Hutus massacring Tutsis and Tutsis massacring Hutus with a fair smattering of presidents and prime ministers being assassinated. As usual, it all looks too complicated to apportion blame absolutely although the Tutsi RPF invading Rwanda from Uganda seems to have been the main catalyst for the 1994 genocide.

Interestingly I had a vague idea that Hutu and Tutsi weren't clear-cut ethnic differences and I found this on Wikipedia to confirm this.

Tutsi and Hutu today
In the modern day, the difference between Tutsi and Hutu is often stated as that between those in commanding and subordinate social positions. Tutsi can often be physically distinguished as taller than Hutu, but according to the vice president of the National Assembly Laurent Nkongoli, frequently "[y]ou can't tell us apart; we can't tell us apart." Some Hutus own cattle and have important social standing. However, the Tutsi are the elite of the country, and people have been known to switch groups, reinforcing the idea that the Hutu and Tutsi labels are labels of class or caste rather than tribe or ethnicity as is usually portrayed by the media and militants on both sides.[citation needed]

Since all three groups now speak the same language and regularly intermarry, some argue that the differences between Tutsi and Hutu may be exaggerated cultural constructs.[13]