Biffa Share Discussion Threads

[cmackay] 20/10/2017 03:18

It's been about a month I've been holding here, bought in at 231p and wish I had bought 2-3 times more now.

[i love chicken] 19/10/2017 20:58

Thanks for posting MJ19, A diamond indeed. This share continues its upwards path.

[mj19] 05/10/2017 15:23

Far from rubbishThe best investments are often far from beautiful. Despite the rather unpleasant nature of its business, I think £585m cap waste manager Biffa (LSE: BIFF) is a far better income play.Since coming to the market almost one year ago, the company's shares have performed admirably, rising 31% to now change hands at 234p. Importantly, the debt burden that made me initially wary of the stock has come down markedly. What's more, the company is expected to post a return to profit in the current financial year.September's pre-close trading update made reference to solid organic and acquisition revenue growth over the six months to the end of September. In July, the Wycombe-based business purchased O'Brien Waste Recycling Solutions for just over £35m and is "actively exploring" more opportunities. Tellingly (and in complete contrast to those in charge at Topps Tiles), Biffa's Board "remains confident" in the company's outlook for the full year.At 3%, Biffa's forecast yield for the year may be a lot less than that offered by the tile specialist. Nevertheless, the fact that payouts are covered 2.6 times by expected profits suggests there's a lot of scope to increase dividends moving forward. Moreover, the non-cyclical nature of waste management makes it a fairly defensive pick in the prevailing economic and political climate.Trading on less than 13 times 2017 earnings, Biffa looks a diamond in the rough.

[buying] 05/10/2017 14:53

Anyone know what's driving this lovely share today

[cmackay] 26/9/2017 21:54

I've just had a small entry last week, looks like a keeper for the ISA.

[buying] 07/9/2017 17:35

Good trading update, growth area, and on low multiples. Very happy to hold

[jgoold] 31/7/2017 14:21

I've been in for a few weeks and looking for a steady rise over the next few months.

[buying] 28/7/2017 14:24

Anyone else interested in these shares. They seem to have momentum behind them

[tcarter66208] 04/5/2017 09:56

Seems to be steady, good long term projections for this one, should have lots going for it moving forward.

[philanderer] 16/3/2017 09:41

16th march Beaufort buy tp 235p
16th march JP Morgan Caz overweight tp 220p

unchanged

[wet your knot] 11/3/2017 08:28

See if this can stay over 190p with what should be a good trading update on Wednesday next week.

[philanderer] 21/2/2017 23:09

Questor: low valuation, decent yield and the chance of a bid make Biffa a buy

Telegraph

Telegraph 21 February 2017

[the patient investor] 09/11/2016 20:31

worth investing in this rubbish?

[wet your knot] 01/11/2016 17:38

Notice of an acquisition gone through.

[wet your knot] 27/10/2016 16:55

Looks like some II's buying in now.

[larva] 26/10/2016 13:55

next stop for rubbish is 70p

[larva] 26/10/2016 13:54

Shanks and Manure , shaking

[topvest] 25/10/2016 20:55

Well a very poor start to life back on the market.

[stardrops2] 25/10/2016 12:40

Naked Trader mentions these and hes posted above ??

[topvest] 22/10/2016 16:12

Looks worthy of review in my opinion. Net debt has been reduced from £0.5bn to £0.3bn in the listing and below 180p is under the expected pricing range. The vendors have only partly sold out. Who wants to pay a premium price to collect waste though!

[mj19] 20/10/2016 12:22

Biffa (LSE:BIFF), the waste company that has become something of a household name over the past few decades, is set to make a return to the London market this week.
Initial trading in the company’s shares will begin on Thursday with full public trading slated to start at the beginning of next week. The company is issuing 118m new shares to the public at 180p apiece and is expecting to raise £262m from the offering. Management has stated that the funds from the offering will be used to pay down debt and pay expenses related to a tax claim from HMRC.
A brand with heritage
Biffa is one of the most recognisable names in the UK. The company’s large branded bins can be found on almost every street, and the group has been collecting the UK’s waste for more than 100 years. The business is also highly defensive as waste collection is a relatively specialised industry — it’s becoming even more so with the introduction of new environmental regulations — where the largest players can grab the biggest market share.
However, this isn’t the first time Biffa has launched itself onto the public markets. The company was forced into an emergency restructuring during 2012 after being bought out by a group of private equity firms in 2008 in one of the last big buyouts as the financial crisis grew. Since 2012 the company has been rebuilding its finances and position in the market, preparing for a return to the stock market.
Today Biffa has all the hallmarks of a successful business. The company is the second-largest waste management company in the UK, has an annual turnover of £927.5m and employs more than 7,000 people. Last year, Biffa reported underlying earnings of £122m. The group collects, processes and disposes of 6.6m tonnes of waste and recyclables for more than 95% of UK postcodes and 2.4m households every year.
Destined for growth?
Biffa’s management believes that a combination of population growth and an increased regulatory burden for the waste industry will see the UK waste market grow 5% at year until 2020. Bolt-on acquisitions will help boost organic growth. Over the past three years, Biffa has made 20 acquisitions worth £53.4m, which includes a £13.5m deal to buy part of recycling management group Cory Environmental in June.
It’s an interesting company with a rich heritage that’s well positioned for growth. Nonetheless, as with all IPOs, Biffa’s comes with a degree of risk. The company has already cut its offering price from 220p to 180p, which implies that demand for the group’s shares may not be as robust as management would have liked.
With IPOs, it usually pays to wait and see how an offering goes and wait for City analysts to publish their thoughts on the company before taking a position. Biffa is no exception. So overall, it looks like a good investment, but it may not be sensible to buy into the company’s float.

[mj19] 20/10/2016 12:14

Profiting off waste

The float of waste company Biffa sometime in October also looks promising.

It's the second biggest waste management company in the UK by revenue. Revenue was £927 million with operating profit a respectable £62.5 million in the last year.

The real question is where is the growth coming from as surely there is only a finite amount of rubbish?

Well, the company reckons it is coming from growth in population and regulation which specifies separate collections and treatment. It also thinks it can lower its costs in disposal. And it is also buying up other companies.

I buy this story and so I think I'm probably going to buy the shares when they launch on the market. Given its profits it is likely to get entry to the FTSE 250 probably in January so funds will buy in.

At the very worst if it goes down you can say to yourself: "That was a rubbish stock pick".