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Yes remember a real shocker...nearly got take out though...perhaps a bird of Prey is Circling again here....mmmmm GL
aug was a shocker, back in the early days... ...but hope springs...
Steady as she goes...................Always a good sign
...good ol' aug...safe haven lol
Business description Augean manages hazardous waste through: Land Resources (45% of 2012e sales), Waste Network (19%) and Oil & Gas Services (28%), plus its ANSS subsidiary (8%). It provides services in12 locations and through mobile assets across the UK.
Valuation: On course for value creation The pre-close statement highlighted that the new strategic markets are beginning to create value across the group. Though the pace may be a little slower in 2012, we believe the long-term value case holds true based upon a DCF of the new strategic markets. With the group restructured to commence dividends, and cash generative growth anticipated to be delivered from new markets in 2013, shareholders will also begin to benefit from increasing cash returns.
Activity in the core business appears largely as we had forecast, with Land Resources delivering year-on-year improvement while the challenges remain in Waste Network. As such Augean is therefore anticipated to meet our revenue targets of c £42m. With the indication that LLW volumes derived from the framework agreement with Low Level Waste Repository Ltd have been slightly slower to release, with some delays into Q113, we are easing our PBT forecasts by c 8% in 2012 as lower margin volumes from other shorter-term LLW contracts have replaced these volumes. We remain confident that volumes will increase through 2013.
New market strategy delivering Trading in H2 was described as satisfactory and although there was a slightly slower uptick in LLW, the group is still expected to hit our £42m revenue forecast for 2012, a c13% year-on-year increase. This is supported by the strategy to expand into new markets as laid out in our October 2012 Outlook note and has proved the ability of the group to create new waste streams and ventures to capitalise on its combined capabilities. With integration of the new businesses complete, contributions should increase further in 2013.
Augean’s pre-close statement highlighted that progress has been made across all strategic markets and performance in the core has been maintained despite the uncertain economic environment. With revenues broadly expected to be in-line with our £42m forecasts, mix issues in Low Level Waste (LLW), where framework agreement volumes have not flowed through at predicted rates as yet, cause us to shave our PBT forecast by c 8%. We see this merely as a timing issue as LLW volumes build and framework contracts begin to deliver increasing quantities. With full year results on 23 March we view the stated intention of the Board to initiate a maiden dividend as a signal of the group’s confidence that the value from the new strategic markets will begin to show through in earnest throughout 2013.
Development of new business streams in industrial services, hazardous waste incineration and offshore waste management drove revenues during the period. The group's traditional hazardous waste markets, on the other hand, were broadly flat throughout the year. Augean added LLW market development, alongside new businesses, are expected to continue to enhance shareholder returns during the coming year. "While the general economic outlook for the wider hazardous waste sector remains subdued the board believes that the group is well placed to deliver continued growth during 2013," it added. "The investments and new business streams delivered during 2012 are expected to lead to improvements to revenues, earnings per share and cash flow during the year."
Augean's shares dropped Monday after the waste management firm said it expects full year results to be at the lower end of its revised forecast. The UK company pegged revenues at a range between �42m to �43m for the year. "Trading in the second half of the year delivered a satisfactory performance despite delays in the delivery of the expected volumes for Low Level Waste (LLW)," the group said in statement. However, Augean remained confident the routes to the LLW market remain in place and will continue to develop as the challenges of unlocking volumes are met this year.
could be a buy ,that one..
Pre-close Trading Update Augean plc, one of the UK's market leaders in the management of hazardous waste, is pleased to update the market prior to commencement of its close period the ahead of the publication of its 2012 Full Year results on 26th March 2013. Trading in the second half of the year delivered satisfactory performance despite delays in the delivery of the expected volumes for Low Level Waste (LLW). As a consequence the Full Year results are expected to be at the lower end of the Board's revised forecasts, with revenue expected to be in a range of £42.0m to £43.0m. However, the Board remains confident that the routes to the LLW market remain in place and will continue to develop as the challenges of unlocking volumes are met during 2013. Revenues during 2012 were supported by the development of new business streams in industrial services, hazardous waste incineration and offshore waste management, whilst the Group's traditional hazardous waste markets were broadly flat throughout the year. Alongside LLW market development these new businesses are expected to continue to enhance shareholder returns during the coming year. Strategic developments The key strategic opportunities identified during 2010 have all now been delivered and the Group is well positioned for the next phase of its strategic development. In September the Group announced that two significant contracts had been secured for disposal of LLW at East Northants Resource Management Facility (ENRMF), through the framework managed by Low Level Waste Repository Limited, as well as receiving numerous smaller enquiries. The pace at which volumes have been released from the relevant sites through this framework has been slower than originally planned, with a number of deliveries being delayed until Q1 2013, impacting the total value of LLW revenue secured during 2012. However, thanks to other LLW contracts the Board still expects LLW activities to make a material positive impact on the results for the full year. The Group has completed the integration of the new businesses announced during the first half of the year and each is now well established in their respective markets and trading in line with management expectations. The activities at East Kent Waste Recovery Facility (incineration and energy recovery), Augean North Sea Services (offshore waste management) and Cooks Hole (minerals extraction) had limited financial impact during 2012 as they were being integrated, but all are expected to deliver profitable returns during 2013.
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at 32.xp to have spread narrowed so soon after! Interesting to see volume (and, if high, direction of sp)
small/micro 1.7k @ 31.92 have traded from 25p up to 35p before, but happy to re-enter here given improved AIM sentiment DYOR/Not Investment or Trading Advice, of course
Augean Plc Adviser Change of Name RNS Number : 9378S Augean Plc 07 December 2012 Augean plc ("Augean" or the "Company") Adviser Change of Name Augean PLC, one of the UK's leading hazardous waste businesses announces that is has novated its Nominated Adviser and Broker agreement with Singer Capital Markets Limited to Nplus1 Singer Advisory LLP ("N+1 Singer") with immediate effect. This follows the completion of the merger between Singer Capital Markets Limited and N+1 Brewin LLP. For further information, call: Augean Plc Paul Blackler, Chief Executive Richard Allen, Finance Director 01937 844 980 N+1 Singer Shaun Dobson 020 7496 3000 This information is provided by RNS The company news service from the London Stock Exchange
Haha Is that the 'news' promised at 4pm on da ox?lol
The poster NEWS will be watching you now...imho
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2634 codes will have to do....as this lot are getting the hang of the mapping with AIM now......sack the lot
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