Mercury Recycling Share Discussion Threads

[troys] 19/4/2007 15:25

22% on forthcoming legislation? Something more here than meets the eye.

[drw1] 19/4/2007 14:49

People realising the forth coming legislation can only speed up MRG's growth.

[troys] 19/4/2007 13:57

Whats going on here then?

[wispaman] 18/4/2007 09:41

Red Hot Penny Shares 18th April.

[wispaman] 05/4/2007 10:36

Press Release: 2nd March 2007

Mercury Expands to be Ready for WEEE

Project News
Mercury Recycling has initiated a significant expansion of its recycling services in anticipation of the implementation of the WEEE Directive later this year. The expansion programme, which has entailed a major investment, which has increased the company's capabilities in terms of volume, scope of service and geographical coverage.

Mercury Recycling has already led the way in the UK in the specialised field of recycling of discharge lamps and tubes and operates one of the few facilities able to recover and recycle all components of these lamps including the distillation of mercury for recycling.

More recently, the company has been able to offer battery recycling facilities and now intends to increase the scope of services to cover other items covered under the WEEE Directive.

A key part of the Mercury service is the ability to collect waste from customers' properties and transport it in compliance with relevant legislation, so the logistics arm of the operation has also been broadened to widen geographical coverage.

[wispaman] 05/4/2007 10:33

Had this on my watch list for 12 months, and decided to take the plunge this week as 22p seemed like to good to miss, and going by yesterday I was right.

With line 2 up and running now for nearly 6 months figures should be v. good, and forecast even better, with still room for expansion.
lol wispa

old news but posting anyway.

Lamp recycling plant doubles capacity as demand grows
(20.10.06)

Lamp recycling company Mercury Recycling has doubled the capacity at its Manchester plant, responding to high demand for its services.

The company has added a second line at its Trafford Park plant and is now capable of handling around 40 million lamps every year – around 8,000 tonnes of material.


Mercury Recycling has installed a second processing line at its Trafford Park site
Mercury Recycling designed the new machinery itself, with several engineering firms involved in its £500,000 installation.

Managing director Bryan Neill said the entire 30,000 square foot facility was now worth in the region of £2 million.

He explained that demand for lamp recycling services had grown as a result of the Landfill Directive and hazardous waste regulations. He said next year's waste electrical and electronic equipment (WEEE) regulations would bring further growth in demand.

Mr Neill said: "There are 122 million lamps sold every year and we have room at our plant to build a third line. We have only just increased capacity to 40 million lamps, but if the demand is there in a few years we could expand again."

Materials
More than 99% of the materials derived from processed lamps can be recycled, although Mr Neill explained that many of the lamps being accepted at the plant are now 100% recyclable.

Metals, glass, plastics, phosphor powders and sodium are all reclaimed from the waste lamps for recycling – all of which are sold by Mercury for reuse or reprocessing. Recovered mercury can be made into new scientific instruments or new lighting equipment.

Mercury offers a nationwide collection service, called Lampsafe, for lamps from all businesses, who are given collection receptacles for their sites suitable for holding 150 fluorescent tubes at a time.

Mercury Recycling has also provided its collection drums for civic amenity sites.

[hosede] 19/3/2007 13:27

Slight stirring in this share. I guess the Company's future depends on whether the EU ACTUALLY passes and starts to enforce the legislation on July 1st as planned

[drw1] 30/11/2006 17:27

A little interest creeping into these,presumably due to Corporate Synergy's note.

[doctorbird] 10/6/2006 00:23

You are probably right hosede. I am however finding it frustrating to be missing out on excellent break outs because of caution/fear as to where the market is heading. CW., BSY are examples from my watch list.

[hosede] 05/6/2006 09:09

Well it seems to have stabilised around 23p, but with the whole market likely to drift down over the summer I can still see it reaching 20 - unless there is some news to excite it (which seems unlikely)

[doctorbird] 25/5/2006 21:54

It's a year and a half since MRG closed below 20. Unless there is something wrong the present price should be a good entry. It is at this level that I bought in December 2004 and caught the breakout. I wonder if I can do that again?
Presumably the increased loss has put some off, but there appears to be a satisfactory explanation for it.

[hosede] 18/5/2006 07:36

Well the market is having it's say - maybe top up around 20p

[hosede] 17/5/2006 11:37

true, but the PE which I calculate at around 36 (286k profit = 0.85p EPS) already reflects that I would have thought

[drw1] 17/5/2006 10:22

But look how fast its growing.Prospective P.E. is much lower and continued rapid growth appears likely.

[hosede] 17/5/2006 07:59

Good progress but I can't see any reason why the shares should move up significantly. take out the restructuring costs and the EPS is still well under 1p so PE well over 30

[drw1] 17/5/2006 06:41

Think it would be fair to say the company is making strong progress and this seems set to continue for some time with the help of a friendly push from forth coming legislation.

[jbarcroftr] 09/5/2006 15:17

Last year the results were out on 20/05/05.I suspect that the results will be early and good

[charmer1_23] 09/5/2006 13:29

What the score here guys/gals? Bit of a storming performance today. ;--))

[jbarcroftr] 09/5/2006 11:33

Arent the results due any day now.Share price seems to have perked up a bit.I could easily see the price up 50% [only 15m market cap]if they are in line

[castleford tiger] 28/3/2006 15:53

What did lancast have to say (in a polite form pls)

I did know about the tip, but it seems unfair that stop losses were triggered for no reason.

tiger

[Abuse team] 26/3/2006 19:05

Post removed by ADVFN

[blackrabbit] 26/3/2006 17:50

tiger

I don't know whether you know but MRG was recommended as a BUY at 30.5p by City Confidential in their January 2006 issue. It also set a stoploss at 24p ie 20% - that fact alone may have triggered a few sells recently. It considered MRG to "have great potential going forward". Results should be 3rd week in May.

BR