Updates

Augean - Still a very attractive situation

April 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Results for 2005 were in line with reduced expectations following December’s profit warning. Based on 180,000 tonnes of hazardous waste being assigned to landfill, Augean delivered total sales of £26.1m and a normalised profit of £4m. Eps was 4.1p. Just 18 months earlier, the expectation had been for almost 500,000 tonnes so the question is, what has gone wrong? The new legislation fell into place last July but Augean found that customers were either stockpiling or illicitly dumping waste, particularly contaminated soils which have recently been blatantly misdirected to non-hazardous facilities. That is slowly changing following greater levels of policing by the Environment Agency. Of overall volumes that Augean ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Financial Objects

Erinaceous

Augean (September 2006)

Augean (June 2006)

Augean - Receive monocell approval (December 2005)

Augean (October 2005)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

Augean - Still a very attractive situation

April 2006

Related Articles

Augean (September 2006)

Augean (June 2006)

Augean - Receive monocell approval (December 2005)

Augean (October 2005)

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW