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Augean

September 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.

  • Epic Code:
  • AUG
  • Price:
  • 105.25p
Augean has established a 50:50 joint venture (Terramundo) with DEC NC (a Belgian based environmental contractor) to operate a soil treatment centre. Terramundo will target UK contaminated soil waste and also potentially contaminated soil waste from Europe. DEC will provide the necessary equipment and Augean the space at its Port Clarence landfill site. The plant will be operational by December and have a maximum capacity of 100,000 tonnes a year. Based on treating 80,000 tonnes at £47 a tonne and a 25% margin, Numis believes it could add £0.5m to next year’s profit. However forecasts have not yet been upgraded. Interims are due on 20 September, although the business is very second half weighted (H1 forecas ...

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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.

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

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