Share Name Share Symbol Market Type Share ISIN Share Description
Bioganix Plc LSE:BGX London Ordinary Share GB00B128L167 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3.50p 0.00p 0.00p - - - 0 06:31:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.28

Bioganix Share Discussion Threads

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RNS Number : 1611N Bioganix PLC 11 February 2009 ? Bioganix plc ` The Directors of Bioganix plc ("the Company") announce that they have filed a notice of appointment of an Administrator to Bioganix Composting Limited ("BCL) which, along with BCL's wholly-owned subsidiary Bioganix Research Limited, is the sole operating entity within the Bioganix Group ("the Group"). This follows the announcement on 26 January 2009 that it appeared unlikely that the proceeds receivable from any disposal of the operating business and assets of the Group would result in a surplus to shareholders. Discussions were then progressing to a disposal through a sale of the entire issued share capital of BCL, thereby avoiding insolvency. It became clear for the first time during Thursday 5 February, however, that the Bank believed that the only remaining offer from potential purchasers was for the purchase of certain assets of Bioganix Composting Ltd out of administration using a "pre-pack" arrangement. The Directors therefore have had no alternative than to commence steps for the appointment of an Administrator to BCL. The Company will not itself be placed in administration but is likely to be wound up in due course. Blue Oar Securities Plc resigned on February 10th 2009 as the Company's Nominated Adviser. In consequence as the Company does not intend to appoint a replacement nominated adviser, the Company's AIM listing will be cancelled with effect from 7am 10 March 2009. Trading of the Company's shares on AIM remains suspended. In the next few days the Directors will be posting on the Company website a more complete account of the Group's activities and history. Contacts: Nick Helme 01568 619115 Managing Director - Bioganix Plc
1p on the bid, not looking good
Possible that the "potential offer has fallen through and or banking facities have been reduced. Unless companies have cash and are profitable no market for them in these days. Market cap (according to ADVFN) is only £1 million - Tempted to buy the coy if any chance of making it profitable. Edited 9:30am - Having just looked at the accounts looks very bad - Bleeding cash and poor level of sales.
market makers obviously know something, i wonder when we will find out?
Just read front page of Daily Telegraph 'Warning of council tax rises if landfill waste is not cut'. 'If the target is missed, individual councils could be penalised by £7 million each PER year' I guess that this company was ahead of its time. It is the Rolls Royce of the industry with the best air cleansing system going(odour management). Under capitalised and someone will by this for a snip and make a killing. .......Unless a bidding war starts!!!! I see that it has market cap of under £3 million and the last 48,000 tonne plant cost over £4 million, which is cheap compared with other players. Just look at what Manchester is paying TEG, without any odour management. SRV
I guess that this is saying the company is up for sale. I remember an article in a weekend FT in mid August about a private composting company (Green Earth???) that was going to go public next year with a flotation. I wonder if they know that they could get a listing , plus some useful plants by bidding for this one?
RNS Number : 3186E Bioganix PLC 25 September 2008 Bioganix Plc ("Bioganix" or "the Group") Statement re Possible Offer The Company announces that it has received an approach from a third party which, if discussions are successful, might lead to an offer being made for the entire issued share capital of the Company. It is emphasised that discussions are at an early stage.
market makers are short of stock.
RNS Number : 3853D Bioganix PLC 15 September 2008 Bioganix Plc ("Bioganix" or "the Group") Trading Update The Group's trading performance over recent weeks has been disappointing principally for the following reasons: * Volumes of waste material being processed at Parham have been lower than expected due to delays in securing a number of key contracts for food waste. * The anticipated increase in volumes of waste material being processed at Sharpness has been slower than expected. Although the Group is continuing to pitch for new waste material, the Board now considers it likely that the ramp-up to acceptable levels of operation at Sharpness will take longer than previously expected. * Operating costs at both Parham and Sharpness have been generally higher than expected particularly in respect of chemicals and fuel. As a result of lower revenues and higher costs, the Group's cash position has deteriorated. The Group is currently trading within its existing bank overdraft facility and is in discussions with its bankers over providing enhanced facilities. The Board is continuing to work on securing planning permission for the proposed new Bioganix plant at Aylesbury and continues to consider options for its financing. The Company expects to announce its interim results for the six months ended 30 June 2008 on 26 September 2008.
Very good report about a site visit.
I emailed Islington as I was curious about where the food / green waste they collect goes... this is their reply Dear Mr Wolterix Thank you for your email regarding the North London Joint Waste Strategy Strategic Environmental Assessment. In answer to your questions about what happens to the food waste that is collected from your door in Islington, it is delivered to an 'in-vessel' composting facility owned by LondonWaste Ltd and located at Edmonton. The facility can process up to 30,000 tonnes of mixed green garden and kitchen waste each year and produces an accredited soil conditioner as a result which is being used in both agriculture and on local parks and green spaces. There is some information about the compost centre on the LondonWaste website at A visit is also being organised to the facility by Islington council on 25th September. Please email if you are interested in joining the trip. In terms of our awareness of companies such as Bioganix, yes we are aware of them. However, at present the North London Waste Authority has a 20 year contract with LondonWaste Ltd for managing waste. This contract expires in 2014 and we have therefore started a procurement process for developing new services and facilities after this date. Further details are available in the 'procurement' section of the North London Waste Authority website at
This share interests me, principally as I'm a SEO holder - biodegradable compostable 'plastics'... there was a radio 4 programme Thursday night on packaging and the environment with a guy from ASDA on it who I've since had correspondence with, simply ASDA are NOT in favour of compostable packaging... 'the infrastructure isn't there' to deal with 'life end' - other retailers are a bit more savvy and do have digesters producing methane / elec from their food waste... is anyone prepared to give me the headlines on this company? and does this ring true with holders here?
Glad to see some good news coming through. 'Where there's muck there's brass!!!'
RNS Number:3182S Bioganix PLC 15 April 2008 15th April 2008 BIOGANIX PLC Trading Update Bioganix plc ('Bioganix' or 'the Group'), the AIM listed waste management services group, is pleased to announce that the contractual dispute between Bioganix and a major customer ("the Customer"), as reported in the trading statement of 21st January 2008 has now been satisfactorily resolved. The matter was due to be dealt with by arbitration but after an approach by the Customer, a settlement agreement has now been concluded between Bioganix and the Customer in advance of the arbitration hearing. A Consent Order has been signed to stay the arbitration proceedings. Under the terms of the settlement agreement, the Customer will make an immediate payment of £100,000 followed by 12 monthly instalments of £10,000 each. In addition, the Customer has signed an agreement whereby the Customer will process material supplied by Bioganix over the next two and a half years, in one of the Customer's facilities, for a reduced gate fee. The value of this arrangement to Bioganix over the period of this agreement is anticipated to be approximately £840,000. The total value of the settlement agreement to Bioganix is therefore expected to be approximately £1,060,000 over the next two and half years. All of the figures stated in this paragraph exclude VAT which will be added at the prevailing rate. The Customer has also entered into a further agreement, the terms of which are that the Customer will continue to deliver certain gate fee material to the Bioganix Parham plant under similar terms to those that were in place under the previous contractual arrangements. This new agreement will remain in force until August 2011 and will result in Bioganix receiving a minimum of 26,000 tonnes of material from the Customer.
I have been trying to compare BGX with TEG. This one appears to break even or lose a bit , TEG seems to lose it by the £million. TEG announced its last big order at about £20 per tonne gate fees, BGX seems to be quoting gate fees of about £45. TEG was proud of contract size of £250,000.00 per year, BGX is talking of new contract at £1,450,00.00 per year. Why is heavy loss making TEG valued at £33 million and BGX only valued at £8.5 million? Is TEG overvalued or BGX undervalued? Please can somebody who knows the industry explain?
RNS Number:6156M Bioganix PLC 28 January 2008 Bioganix plc Bioganix plc is pleased to announce that it has been awarded preferred bidder status by Buckinghamshire County Council for a contract to process 30,000 tonnes per year of green and kitchen waste. The contract is expected to be worth in excess of £22m over the life of the proposed 15 year term.
RNS Number:1256M Bioganix PLC 21 January 2008 21st January 2008 Bioganix plc Trading update Bioganix plc ('Bioganix', 'the Group' or 'the Business'), the AIM listed waste management services group, today announces the following trading update. * As reported in the Interim Results on 28th September 2007, volumes at Parham have been significantly lower than expected during the second half of the year because of a shortfall in minimum contracted levels of supply of material from a major customer ("the Customer"). The situation deteriorated in the last six weeks of 2007 in that the Customer did not deliver any significant amounts of material to Parham during that period, despite being contractually obliged to so do. The situation has improved in 2008 since the Customer has recommenced delivery of material at similar daily levels compared with the second half of 2007 (excluding the period of dramatically reduced deliveries in the last six weeks of 2007). A contractual remedy through arbitration is being pursued in accordance with the terms of the contracts between Bioganix and the Customer. A binding decision of the arbitrator is expected in the first or second quarter of 2008. Having taken legal advice, the Directors are confident as to the strength of Bioganix's contractual position and would expect to receive a significant payment from the Customer during 2008. * The 2007 results will therefore be materially affected by the outcome of the arbitration. If the arbitration award is of an amount representing the shortfalls in minimum contracted delivery levels from the Customer, then the Business should break even in its activity in the second half of 2007, in line with expectations. An arbitration result significantly adverse to Bioganix could however result in a second half loss of approximately £600,000. * Revenues in 2008 are likely to be affected by a number of factors. If 2008 deliveries from the Customer to Parham continue below the minimum contracted levels, Bioganix will again pursue claims for delivery shortfalls and damages. In order to mitigate this situation the Group has contracted to process an additional source of waste material under a three-year contract with Norfolk and Waveney Council and is in discussion with other producers of waste for processing at Parham, should the need arise. In addition a major supplier of waste material to the Wharton plant has recently ceased sending certain types of material to Bioganix for processing. Although the Directors are confident that other waste streams will be available from this supplier and other suppliers to replace a significant proportion of this lost revenue, some impact on 2008 revenues is possible. * The construction of the Sharpness plant is proceeding well and processing of waste material is expected to start towards the end of the first quarter of 2008. Operations are likely to start slightly later than previously expected (due to final discussions with the landlord and the planning authorities taking longer than anticipated) and, in consequence, revenues from the Sharpness plant during 2008 are likely to be less than previously estimated by the Directors. The Directors are in discussions with a number of customers regarding waste material for this plant and are confident that ample supplies of waste material will be available from the start of production. * Final contractual negotiations are taking place for a significant capital grant from WRAP (Waste Resources Action Programme) towards the construction costs of the Sharpness plant. * The directors are in final negotiations with an English Local Authority concerning the award of preferred bidder status in respect of processing approximately 30,000 tonnes per year of green and kitchen waste. In order to fulfil this contract, a new facility is likely to need to be constructed in due course. The directors are excited about this new potential long-term contract, which demonstrates continuing confidence in Bioganix and its technology, and are exploring how best to exploit this opportunity. * Bioganix are in the final stages of being awarded the PAS100 Accredited Compost Standard. The Directors anticipate being awarded the Standard within the next few weeks for the Wharton Plant output and in due course, the Parham and Sharpness plants.
Bioganix: Speculative buy AIM Analyst 19.11.07 A tip from the AIM Newsletter These recommendations do not constitute advice, please read the risk warnings Bioganix (BGX) describes itself as a leading authority in the composting of animal and fish containing waste from the food processing and catering trades, and local authorities. It was formed in 2001, following an investment from farming organisation 7Y and over the next three years successfully designed and built its first composting plant. The company listed on AIM in April 2006 and is currently pursuing an expansion strategy to take advantage of a growing demand for its services. The company currently owns two processing plants, one in Wharton, Herefordshire and one in Parham, Suffolk, where organic waste, mainly sourced from local authorities and catering businesses, gets turned into compost. To simplify the process, waste is poured into large steel drums which in turn transfer it to a mixer where it is broken down into smaller pieces. The chopped up waste is then left for up to four days before being screened and then pasteurised to kill germs. As you can imagine the process smells dreadful although the company is able to control this. Its premises are sealed and kept under negative air pressure to stop smells escaping. Air is regularly sucked out, replaced and chemically scrubbed and filtered before being released into the atmosphere. Bioganix generates revenues in two ways. Firstly it charges fees for processing waste, mainly determined by the weight of the material that is processed. The Parnham plant, which has a total capacity of around 35,000 tonnes per annum, has a 10-year contract with Suffolk County Council for around 12,000 tonnes of waste per annum and commercial contracts for a further 20,000 tonnes a year. The Wharton plant currently processes over 12,000 tonnes of waste a year. The company generates most of its revenues on a contracted basis although some come from one off deals. Bioganix also sells the processed waste as fertiliser to farmers and although it has many benefits over other composts and fertilizers its sale is not yet profitable due to the distribution costs involved. Legislation drives demand Like many 'green' businesses, the main driver in the demand for Bioganix services is changes in legislation. There are a number of rules and regulations covering the disposal of waste that have come into force or will be coming in over the next few years. Firstly, the EU Landfill Directive requires that the biodegradeable proportion of waste sent to landfill sites must be reduced to 65% by 2010 compared to 1995 levels, falling to 35% by 2020. Biorganix's composting process will help local authorities to meet their government set targets and to avoid a fine for every excess tonne that is sent to landfill. Additionally, in his last budget as chancellor, Gordon Brown announced that landfill tax will rise by £8 a tonne every year until 2011. This should further boost demand as recycling becomes an ever more affordable option when compared to landfill. Secondly, the Animal By-Products Regulations, which enforces EU legislation within England, aims to control the disposal of animal waste to prevent dangerous pathogens from being released into the food chain and causing food related crises. It has increased the range of materials that are considered to be animal by-products and sets a framework for their safe disposal. Although certain waste from commercial kitchens, factories and domestic waste that fall into the new categories can currently be land-filled it is easier from a legal point of view for organisations to dispose of waste using the Bioganix process to ensure compliance and this is expected to drive demand. The company's last set of results reported on the six months to 30 June 2007 and were in line with expectations. Revenues were up by 23% to £1 million, however losses stood at £0.5 million compared to a small profit of £8,000 in the comparative period mainly as a result of modifications to equipment and higher fuel and electricity prices. Cash flow from operations fell by 60% to £0.1 million. The major bull point in the investment case is the company's third composting plant, which is currently being built at Sharpness, Gloucester. Over the period the company raised £2.24 million from a placing to fund its development. The plant is expected to open early in 2008 and will have a capacity of 48,000 tonnes per year. Full capacity In calendar 2008, both the current plants are expected to be operating at full capacity and production volumes will be further boosted when Sharpness comes on stream. Revenues in calendar 2008 should be around £4.3 million, with pre-tax profits of £1.3 million and earnings of 3.8p per share. That puts the shares on a forward multiple of nearly 40 times earnings. At the moment, this figure may look high but if the company manages to open a new plant every 18 months or so - which we think is possible - the numbers could become a lot more interesting beyond next year. With a proven and compliant technology Bioganix looks well-placed to take advantage of the growing demand for waste disposal in the UK and on the assumption that production is quickly ramped up this stock is a specualtive buy. The AIM Newsletter was established 10 years ago and is a winner of the prestigious AIM award for Best Research. Every month AIM Newsletter publishes two news tips and updates. This newsletter was published by Ltd which is regulated by the Financial Services Authority and can be contacted on 020 7033 9389. The articles in it are for general guidance only and we cannot assume legal liability for any errors or omissions they might contain. assurance - all editors and contributors to the Tips service will declare any personal interests they have with any individual company they are discussing. The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not necessarily a guide to future performance. The difference between the buy price and the sell price for smaller company shares can be significant. 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RNS Number:5918A Bioganix PLC 20 July 2007 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Bioganix plc 2. Reason for the notification (please place an X inside the appropriate bracket/s): An acquisition or disposal of voting rights: (X) An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( ) An event changing the breakdown of voting rights: ( ) Other (please specify) : ( ) ................. 3. Full name of person(s) subject to the notification obligation: HSBC Global Custody Nominee (UK) Ltd 4. Full name of shareholder(s) (if different from 3.) : Landfinance Limited 5. Date of the transaction (and date on which the threshold is crossed or reached if different): 17 July 2007 6. Date on which issuer notified: 19 July 2007 7. Threshold(s) that is/are crossed or reached: Above 7%
The placing was well recieved, even the directors picked a few up according to the prospectus... I expect they will give a director holding rns when these shares list on 20th.
26 June 2007 BIOGANIX PLC ('Bioganix' or 'the Group') PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2006 Bioganix, the AIM listed waste management services group, is pleased to announce its maiden preliminary results for the year ended 31 December 2006. HIGHLIGHTS * Successful placing and admission to AIM in April 2006, raising #2.52m net * Turnover up 130% to #1.6m * Opening of first full scale commercial plant in Suffolk in May 2006 * Capacity of Suffolk plant increased from 24,000 to 35,000 tonnes p.a. during second half of the year- significantly ahead of schedule * Commencement of DEFRA sponsored research project at Wharton site * Planning permission granted, after year end, for a 48,000 tonne capacity plant at Sharpness, Gloucester, to be operational in early 2008. 'Long term' lease agreed with British Waterways Board for 55,000 sq ft site * Further placing announced today raising approximately #2,250,000 net of expenses Commenting on the results, the Chairman, Andrew Walker, said; "This has been a year of significant achievements for Bioganix. Our flotation on AIM has allowed the continued development of our composting facilities at a time when the waste market is evolving and demanding more innovative waste solutions. Gate fees and waste volumes have increased and we are continually developing important strategic commercial partnerships. Your Board is very encouraged by the progress made in this year and believe that legislative changes as well as a broader awareness of waste management issues will continue to support the ongoing growth of your business."
RNS Number:9930Y Bioganix PLC 26 June 2007 Bioganix plc is pleased to announce that it has completed a conditional placing of 1,659,133 New Ordinary Shares at a price of 145p per share to raise approximately #2,250,000 net of expenses. The proceeds of the placing will be used primarily to provide equity content of the funding required for the construction and development of the Company's next in-vessel composting plant. This plant will be built at Sharpness Docks in Gloucester and will be a 48,000 ton per year facility. The placing is subject to shareholders' approval which will be sought at an EGM to be held on 19 July 2007.
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