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PM Group - Waste could emerge as a fifth utility

November 2004

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.

  • Epic Code:
  • PGP
  • Price:
  • 254p
Sales in the six months to 31 December lifted 54% to £15.5m boosted by the acquisition in February last year of WCS and the September acquisition of MDT. Excluding acquisitions, organic sales growth was 49%. Pretax profit lifted by 34% to £1.58m for eps of 8.4p, up 40%.The historical core business of PM, supplying on board weighing systems for the bulk haulage industry to ensure drivers don't overload their lorries (Bulkweigh), accounted for 33% of turnover. But this proportion is  falling as the Binweigh division continues to grow, now 67% of sales. There is increasing evidence that environmental and legislative pressures in mainland Europe, Ireland and the UK will create significant opportunities for Binw ...

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Related Articles

PM Group (September 2005)
Primary Health Properties - Another beneficiary of NHS plans (May 2005)
PM Group - Councils defer orders ahead of election (April 2005)
PM Group - Waste Management - a fifth utility? (February 2004)

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.

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