Shanks Share Discussion Threads

[a0148009] 25/11/2008 07:56

I think so too - obviously not a retailer!

It is dangerous making posts like that without a caution.

AO

[9degrees] 24/11/2008 20:47

P68 undersupport services+
I think it must have been a misprint
Shanks - The management of could call in the administrators within days unless they can secure a rescue deal with lenders .The board of the retailer has alerted its banks that it could be legally obliged to put the group into admin by the middle of next week .

I thnk they must be referring to woolworths ??!!

[a0148009] 24/11/2008 08:09

I did not see that what was the precise comment.

AO

[9degrees] 22/11/2008 17:25

Ther times today says administration possible this week ? Is this
true ??

[a0148009] 21/11/2008 13:23

wig123

I have been looking at these for some time but I think it is the debt that has caused the recent decline after the figures although the PFI is non-recourse
market cap £250m see below:-

Table 7: Summarised Group Cashflow

H1 08/9 H1 07/8
Non-PFI PFI Total Total Diff
£m £m £m £m £m

Trading profit 33 - 33 27 6
Depreciation & landfill provisions 24 - 24 17 7
EBITDA 57 - 57 44 13
Working capital movement and (21) (5) (26) (6) (20)
other1
Net replacement capital (23) 1 (22) (11) (11)
expenditure
Interest & tax (19) 1 (18) (8) (10)
Underlying cashflow (6) (3) (9) 19 (28)
Dividends / issue of shares (10) (10) (8) (2)
PFI cross funding (5) 5 - - -
Net growth capital expenditure (13) (7) (20) (11) (9)
Acquisitions (incl wrkg cap. (25) - (25) (21) (4)
injection)
Net cashflow (59) (5) (64) (21) (43)
Exchange 1 - 1 (6) 7
Opening net debt2 (212) (111) (323) (257) (66)
Closing net debt2 (270) (116) (386) (284) (102)

This was acceptable a year ago but times have changed.
£270m net debt plus £116m PFI non-recourse.

AO

[wig123] 21/11/2008 08:43

RNS Number : 6519I
Shanks Group PLC
21 November 2008







Cumbria County Council Awards 25 year Public-Private Partnership (PPP) Contract to Shanks

Shanks is pleased to announce that Cumbria County Council has approved the award of its 25
year, £700 million PPP waste management
contract subject to satisfactory financial closure.

The award of this contract will see Shanks develop and manage new waste and recycling
facilities along with Cumbria's existing household
waste recycling centres (HWRCs). In order to achieve this, Shanks will employ its proven
Intelligent Transfer Station (ITS) Mechanical
Biological Treatment (MBT) technology used in waste facilities across Europe and the UK.

Shanks continues to anticipate financial closure and contract commencement in early 2009.


For further information contact:

Shanks Group plc
Tom Drury; Group Chief Executive telephone: + 44 (0) 1908 650 580

Tulchan Communications
David Allchurch, Stephen Malthouse telephone: + 44 (0) 207 353 4200




This information is provided by RNS
The company news service from the London Stock Exchange

END

CNTFESSAFSASEDF

[wig123] 20/11/2008 18:57

hmm! all time lows being hit, very strange considering recent interims. Perhaps skeleton or two in cupboard???

[w.bramley] 07/11/2008 11:39

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility
and Connected Persons

I believe this is the Finacial director FRASER WELHAM - anyone got any information on this?? Could today's fall have anything to do with this??

[little beaker] 06/11/2008 07:10

Sneaky tax charge in there I didn't know about until now.

[wig123] 06/11/2008 07:06

Oh YESSSSSSSSS!!!


Now they were worth the wait:




RNS Number : 5647H
Shanks Group PLC
06 November 2008



6 November 2008
Shanks Group plc, Europe's largest listed independent waste solutions company, today
issues its results for the six months ended 30
September 2008.
Financial Highlights
* 30% increase in Revenue to £351m (2007/8: £271m)
* 23% increase in Group Trading Profit1 to £33.3m (2007/8: £27.0m)
* 22% increase in Group Operating Profit to £33.0m (2007/8: £27.0m)
* 13% increase in underlying PBT2 to £24.7m (2007/8: £21.9m)
* 16% increase in underlying earnings per share3 to 7.3p (2007/8: 6.3p)
* 5% increase in half year dividend to 2.1p per share (2007/8: 2.0p)
Business Highlights
* A strong first half performance delivered with growth in all geographies
* ATM water treatment issue resolved
* Orgaworld 100k tonne p.a. anaerobic digestion project in Amsterdam
* Success in achieving lower than anticipated decline in Belgian landfill
* Good progress achieved towards each of our strategic goals as set out in May
* UK Solid waste margin increased to 4.4% (H1 2007/8: 2.8%)
* Growth in Dutch business excluding currency of 5%
* Firm plans to launch Orgaworld in UK in 2009
* Belgian non landfill growth excluding currency of 10%
* Good progress with PFI pipeline and Cumbria expected to close in early 2009
Commenting on the results, Tom Drury, Group Chief Executive of Shanks Group plc, said:
'We are pleased to report a strong set of results slightly ahead of our expectations. All
divisions reported growth during the period
and the investments we have made position us strongly for the future.
A less certain economic environment is a challenge we all have to meet and therefore we
continue to manage our businesses appropriately
and invest only in those areas which will deliver attractive returns. On balance our
businesses have remained robust during the first half
and we believe that we are well positioned going forward due to the broad based nature of our
portfolio and our focus on new technologies
offering more sustainable waste management solutions. The Board therefore remains confident of
meeting our expectations for the current year
and making further progress for the future.'

[wig123] 05/11/2008 09:31

HY, I put it down to many were expecting news today, general markets down, plus mms pulling it down to gain more in the morning ;-)

Been topping up again, didnt think we would get back here again so quick. Just hope the reports are as expected.

[hy3nas4] 05/11/2008 09:20

Why the big drop??

[wig123] 05/11/2008 08:31

HY3NAS4, report is out tommorrow. RBS a bit irresponsible........

[hy3nas4] 04/11/2008 17:58

I think it's tomorrow.

Glasgow-registered waste treatment group Shanks, one of the few companies to advise brokers to upgrade forecasts this year, should announce a 7% lift in underlying first-half profits to around £23.5m on Wednesday, according to analysts at RBS.

[wig123] 04/11/2008 10:33

Nice action, results Thursday ;-) P&F 225+

[wig123] 30/10/2008 16:45

creeping up. 6th November 1 week away.............................

[wig123] 29/10/2008 13:25

lonely, I am so lonely, on my own........................lol

[wig123] 29/10/2008 13:05

on my own here ;-)

[wig123] 29/10/2008 10:59

looking even better ;-) Takeover Time?????

[wig123] 29/10/2008 10:45

Looking very good............

[wig123] 28/10/2008 16:52

off the lows & highs, not sure what the old chart tells us, spinning top or dodgy doji. Anyway looks good for next week.....