Shanks Share Discussion Threads

[forsaken] 29/3/2001 15:39

ttt in the hopes the didddymen look at it carefully :-)

[forsaken] 23/3/2001 13:11

Shanks Group (SKS) - Further to fall?

RNS Number:9119Y Shanks Group PLC 15 February 2001 15 February 2001 Company Announcement Shanks Group plc - Trading Statement Despite difficult UK trading during the last 4 months Shanks Group plc expects, barring any unforeseen circumstances, to announce a 20% increase in profit before taxation, exceptional items and goodwill amortisation to #45m in the year ending 31 March 2001. .............No immediate improvement is foreseen for the start of the coming financial year and, additionally,the Group will lose the benefit from April of a London waste by rail contract (c.#2.5m revenue). The Group however remains confident in its strategy of exploiting longer term regulatory trends, particularly the Landfill Directive, which will provide enhanced prospects. In this context the Group remains pleased with its acquisitions in the Netherlands in 2000.

Company Announcement 1 November 2000 Shanks Group plc - Interim Results * Group continues to make significant progress * Profit Before Tax, Goodwill Amortisation #25.2m : UP 25% from # 20.1m and Exceptionals * ........* Major contributor was the recently acquired Netherlands operation

Perhaps the reasons why the success of the Company now seems to rely rather heavily on the non - UK operations in Belgium and the Netherlands has influenced the institutions?

Between 061200 and 080301, Fidelity International reduced their holding in Shanks from 5.01% to 3.93% of the issued shares, with the main reduction of about 1% between 1st-8th earlier this month.

As to shareholders' funds, this £ 151m is now represented by £ 180m of intangible assets. A preliminary look at the balance sheets suggests that the Belgium and Holland acquisitions which now contribute about half the net profit, have put the company into a net current liabilities situation, and increased long term borrowing by a slightly larger sum than the equity shareholders funds.

Currently 166p from 225p in January, there is unconfirmed support at 145p. Potential buying opportunity at around 75p-88p at its 1995 levels before it ran up to peak at 260p in early December 1999.

And it hasn't gone up on the bounce today :-)

[gulliverr] 17/3/2001 09:44

Looks like you were right Acronem : the pre-emptive cull making disposal by off-site means more likely. SKS may well get contracts.

[gulliverr] 06/3/2001 15:57

Most of the carcases are burnt on site so am I missing something? This is a good defensive stock, whatever temporary blips occur. The world's rubbish is not going to decrease and energy demands continue to increase. Sites are becoming harder to get hold of but I believe Shanks are OK for the immediate future. Recycling has profit in it too. There is some concern at the moment, I believe, owing to high gearing due to acquisition but this will reduce over time. Not a day trader's stock because the revaluation will emerge slowly. I've bought this one to hold.

[acronem] 27/2/2001 11:17

Foot and Mouth. has tremendous knock on effects.one to watch??

[derek wild] 04/4/2000 15:32

ADVFN NewsWire (15:29) - Shanks Group announces that the acquisition of Waste Management Nederland has now been completed.

dw

[derek wild] 04/4/2000 15:31

ADVFN NewsWire (15:29) - Shanks Group announces that the acquisition of Waste Management Nederland has now been completed.

dw

[derek wild] 10/3/2000 09:09

The Shanks Group has entered into a conditional agreement to acquire Waste Management Nederland from Waste Management International for some £207.7m., subject to certain closing balance sheet adjustments.

The purchase will be financed through a vendor placing of 21,134,000 shares underwritten by Hoare Govett Limited at a minimum price of 170p a share to raise a minimum of £35.9m, with the balance being funded from a new multi-tranche, multi-currency banking facility provided by ABN Amro Bank NV and the Royal Bank of Scotland.

Waste Management Nederland is the fourth-largest waste operator in the Netherlands by turnover and the largest industry participant in Randstad, the principal economic region in the Netherlands.

Waste Management Nederland operates five solid waste businesses and two hazardous waste units, as well as a substantial industrial cleaning business and a leading electronic recycling business.

For the year ended December 31, Waste Management Nederland had a turnover of £124.4m, an operating profit of £18.7m and cash flow from operating activities of £28.8m. The Shanks board expects the acquisition will enhance earnings per share before goodwill amortisation in the first full year of ownership.

GH Waddell, Shanks' chairman said: "The acquisition of Waste Management Nederland BV is a further step in the Shanks strategy of building an integrated business with number one or two market positions in each geographic segment.

"Waste Management Nederland BV will increase our ability to provide advanced waste solutions to customers through the use of new technologies. We look forward to working with Waste Management Nederland BV's strong management team to grow their business. We are enthusiastic about the prospects for the enlarged group resulting from this acquisition.