Biffa Share Discussion Threads

[baddeal] 24/5/2021 14:07

Numis up to 355 tp and maintain buy rating which is encouraging.

[18bt] 24/5/2021 07:47

It was a nice deal.

[maxwellman62] 22/5/2021 08:57

Nice little rise yesterday

[maxwellman62] 16/4/2021 17:35

Time to load up

[thewheeliedealer] 16/3/2021 20:42

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast last week and part of our discussion includes BIFF and the concept of the ‘Circular Economy’ and how BIFF and some other similar Stocks fit into this. As always we also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management.

Specific topics in this one include the risks of anonymous Twitter Accounts and the devious tricks the ‘owners’ get up to, and we give examples of our own Trades and how we have Scaled in and Scaled out etc.

Anyway, if you use Youtube, Apple, Audioboom, Overcast, Google+ or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 44) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, with the intent being that it is like you are eavesdropping on us having a chat down the local boozer (we can dream !!).

Cheers, WD
@wheeliedealer

[18bt] 03/3/2021 14:35

Strong update and feel strategically well placed for growth.

[baddeal] 03/3/2021 14:05

Encouraging update this morning, I feel this still has some way to run. Numis raised tp to 315p. Let's hope their clients buy in!

[purchaseatthetop] 25/2/2021 08:32

My wife works for BIFFA and they are really going through changes. Their savings on offices and releasing land/buildings will be incredible as they have created a whole mass of home-workers no longer needing space.

[18bt] 25/2/2021 07:35

That's a very interesting acquisition which by rights shold turn them into an ESG darling. It feels a though they can really build on that business strategically. May try and listen to the presentation, but meetings mean that I may have to listen to it later.

[miss womble] 12/2/2021 11:20

igoe104 Thanks very much

[igoe104] 11/2/2021 16:19

AJ bell are ok.

[miss womble] 11/2/2021 16:16

Can anybody recommend better brokers than iii

[the deacon] 02/2/2021 16:55

Contract win today, and also confirmation of a recovery fund taking a notifiable position

[the deacon] 31/1/2021 20:11

It's the JV's with Covanta that Interest me. Eventual acquisition of Biffa would give Covanta a good foothold in the UK market. Something their CEO is keen on, given his comments on various presentations and earnings calls.

[stavros28] 31/1/2021 14:49

Good buy level but debt position could cause Biff to ask shareholders for more money .
Growing company look at last years figures ....
Stav

[lasata] 09/9/2020 07:35

Decent trading statement?

[volvo] 16/7/2020 08:02

...so the theme continues, business's not opening back up so less waste.

[ariane] 13/7/2020 10:30

ANDOVERADVERTIZER

Biffa installs electric vehicle charging at sites

By Sophie Day @ChronicleSophie Multimedia reporter
Biffa

Biffa
1 comment

THE waste collection company Biffa has entered into a partnership to install electric vehicle charging facilities across their UK sites, including Winchester.

The business has teamed up with ENGIE in support of its ‘Resourceful, Responsible’ sustainability strategy launched earlier this year.

ENGIE will install an initial 14 Alfen EV chargers (6 single & 8 dual socket) which will be a combination of 22kW twin socket load balanced units as well as some single and dual socket 7kW units. The chargers will all be operated and managed by ENGIE’s GeniePoint Platform, providing Biffa staff, drivers and visitors to site, reliable and easy to use charging facilities to support the transition to electric vehicles.

Mark Robson, Biffa head of procurement, said: “In order to meet the current and future demands for vehicle charging it was essential that Biffa found a reliable, experienced and cost effective partner to deliver an effective solution. In Engie we have found just that partner and we are very much looking forward to working with them to expand our coverage of charging points to support both front line vehicles and other company vehicles.”

Alex Bamberg, managing director of ENGIE EV Solutions, said: “Biffa is clearly demonstrating its commitment to cleaner air and reduced carbon output across all aspects of its business. ENGIE are ideally placed to support these efforts by providing the latest in EV charging technology in a scalable solution to support future growth as it transitions to zero carbon transport in the coming months and years.”

[ariane] 28/6/2020 09:53

resource.co


Financial results show ‘successful217; year for Biffa
By Rob Cole | 5 June 2020 | Add a Comment
PrintPrint EmailE-mail ShareShare

Waste management company Biffa’s financial results for 2019/20 have revealed an increase in its underlying operating profits of 10.8 per cent, putting it in a “strong position” to withstand the impacts of the Covid-19 pandemic.

Released today (5 June), the Biffa Group revealed its underlying operating profits had increased by £8.8 million to £90.5 million, while its underlying profits before tax increased by 12.1 per cent to £71.7 million.

Financial results show ‘successful217; year for BiffaThe company’s increase in profits has been driven by a strong performance in its recycling and waste collections operations. Strong performance has also been recorded in its Industrial and Commercial (I&C) and Specialist Services operations and recycling activities, while its operations in Inerts, Organics, Municipal and Landfill Gas remain solid.

The Group’s net revenue has increased by seven per cent to £1,102.8 million, up from £1,030.8 million in 2018/19. This represents a greater increase in revenue to 2018/19, which saw a growth of 4.4 per cent.

The Covid-19 pandemic has caused great disruption to recycling and waste services due to the government implementing lockdown and social distancing measures. Despite strong performance over the financial year, Biffa’s I&C and landfill businesses have seen revenues fall by 50 per cent, though they have begun to recover to 40 per cent down.

Biffa has taken swift action to protect the health of employees and communities, ensure business operations are able to continue with minimal disruption and protect the financial strength of the Group. As a result of Biffa’s cash conservation package of measures, no financial dividend will be paid to shareholders for this financial year.

Commenting on the financial results, Michael Topham, Chief Executive of Biffa, said: “Events since March have, for obvious reasons, completely overshadowed what was otherwise a very successful year for Biffa. We delivered a strong set of financial results, continued to execute our exciting growth strategy, and committed to an ambitious 10-year Sustainability Strategy, ‘Resourceful, Responsible’ which will see the Group unlock £1.25 billion of investment in green economy infrastructure by 2030.

“We continued to make good progress in our I&C business, through a combination of organic growth, a number of acquisitions and a standout performance in our Specialist Services business. The Municipal business stabilised with some excellent new business wins and contract extensions. In Resources and Energy, a strong performance in our Biffa Polymers business offset some weakness in the recycling facilities that arose from ongoing softness in commodity prices.

“Whilst the Covid-19 pandemic has brought unprecedented challenges, I am very proud of the way Biffa has responded with a series of swift and decisive measures focused on protecting our people, continuing to serve our customers and maintaining our financial strength. Proactive steps to conserve cash have included temporarily suspending M&A activity and dividends; reducing capex, operating costs, pay and bonuses; utilising government assistance where appropriate and securing the necessary support from our lenders and suppliers.

“These actions have placed us in a strong position to withstand the immediate impact of the crisis as we continue to provide critical and sustainable infrastructure and services.

“I would like to offer my thanks and appreciation to all of Biffa’s stakeholders, in particular our employees, for their exceptional response to the Covid-19 crisis. Although the crisis will continue to be tough for everyone and the short-term outlook remains uncertain, we are confident that the measures we have taken ensure we are able to be clearly focused on making sure Biffa emerges a stronger and better business.”

[adrian j boris] 28/6/2020 08:44

Supported at 197.40p

[florenceorbis] 28/6/2020 07:03

BUSINESSGREEN.COM


Infrastructure

Engie to install EV charging at Biffa sites nationwide
Biffa drivers will be able to use any charger on the nationwide GeniePoint network.
Cecilia Keating

@cecilia_keating
26 June 2020


Partnership will give Biffa waste truck and company cars drivers access to EV chargers at company facilities as well as those across Engie's nationwide EV charging network.

Zero-emissions waste truck and company car drivers will soon be able to refuel at Engie GeniePoint electric vehicle (EV) chargers installed at Biffa's waste management sites nationwide.

Engie EV Solutions revealed yesterday it has bagged a deal to roll out EV charging infrastrcture at all of the waste giant's UK facilities.


The infrastructure boost will benefit Biffa's existing fleet of more than 600 electric Nissan NV200 vans, as well as a growing number of company car drivers and other site visitors who are swapping from internal combustion vehicles to EVs, Engie said.

The partnership also gives Biffa employees and drivers access to Engie's nationwide network of EV chargers, dubbed the GeniePoint Network.

"In order to meet the current future demands for vehicle charging it was essential that Biffa found a reliable, experienced and cost effective partner to deliver an effective solution," said Mark Robson, head of procurement at Biffa. "In Engie we have found just that partner and we are very much looking forward to working with them to expand our coverage of charging points to support both front line vehicles and other company vehicles."

Fourteen Alfen EV chargers with a combination of 22kW twin socket load balanced units as well as some single and dual socket 7kW will be installed initially, according to Engie. All of the chargers will be run on the energy company's GeniePoint Platform.

Alex Bamberg, the managing director of Engie EV Solutions, toasted the deal, noting that the company was "ideally placed" to support Biffa's decarbonisation efforts by "providing the latest in EV charging technology in a scalable solution to support future growth as it transitions to zero carbon transport in the coming months and years".

The two firms have worked together since 2018, when Engie was hired to deliver a ‘fully integrated facilities management service' to optimise the waste giant's sites and operations.

The announcement comes just weeks after Engie announced that it had bagged a deal to install 13 new rapid chargers in the West Midlands.

[husbod] 05/6/2020 11:43

Trying to buy some of these and thought it would be easy given the drop but really struggling online atm. Seems strange.

[18bt] 05/6/2020 07:59

Decent results, but overtaken by events. I suspect one of the effects is that smaller players will go to the wall or become available on attractive terms and bigger companies and local authorities will want bigger partners. But this is a wait and see