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Augean

October 2005

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:
  • AUG
  • Price:
  • 166p
Augean was established last December as a shell to make acquisitions in the hazardous waste sector and results for the six months to 30 June reflect the acquisitions of Atlantic Waste and Zero Waste, both of which now trade as Augean. In line with reduced expectations, Augean reported a pretax profit of £2.1m and sales of £12m. Earnings were 3p. Operating cashflow was strong at £2.5m, leaving net cash at £6.8m.During the half, Augean consigned to hazardous landfill a total of 99,000 tonnes at an average price of £70.45. The second half is set to see volumes rise to 180,000 at a broadly similar price, although this is well short of the company's original expectations last December when total vol ...

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Augean (September 2006)
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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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