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Famous last words, but for what it's worth, I reckon next stop is 2.50-2.60. The original idea was to float this at 2.20, but they floated at 1.80. It is a much more consolidated company since then with an increased dividend so 2.20 - 2.30 seems a bit light. L&G wouldn't buy in for a small 30p rise and I keep wondering why Goldman have 25m shares in this. They must see the potential. Debt is high, but not a major long term issue if they keep buying good companies. The income stream from a business in something we produce all the time is secure - they just need to make sure the margins remain viable and the more companies they own, the more they can scale the businesses. I also reckon the recycling/energy from waste divisions (2020) will put this on the ethical buy lists of investment companies that want an alternative to energy utilities. So on balance, it's a good bet with a dividend - but like I say, famous last words...
I really believe in the long term outlook for this company, which was why I was happy to hold them at a big loss back in January when they were 178p. Riffgo, do you think the current price is sustainable in the short term? I feel 220+ is a fairer value for this company.
causing a squeeze. Legal and General picked up almost 6%, I see. This is fast becoming a good alternative to the utilities that Corbyn might nationalise... if that disaster ever happens.
Why would Avenue pick up a further 2% in this? They bought it back to market in 2017 by selling a stake. Their 17.5% + Goldman's 10% takes them (or someone they are working with) close to the trigger point... Or perhaps it's all just my over-active imagination.
Seem to be holding or reducing slightly
Also 6+million on loan
The plan they and the director had seems to have gone array !!!,
Might need to clear the decks if they reduce anymore ??.
Why would Goldman buy 250m shares in a UK waste company? I understand 3% for an investment, perhaps, but 10%... Anyway, from an income POV it's becoming more attractive daily at the moment.
and the large directors buy
Was expecting a bigger set of numbers.
Maybe their is a takeover around .?? because them buys were not for the interim results
Richards Pike bought in big time yesterday. Goldman's stake is now over 10%.
So they're the ones who have been buying those chunks... looks like a classic buying operation to help someone build a stake. It also goes up when everything else is falling. Things are getting interesting and the chart looks like 2.75 is in sight.
in coffee cups.
Someone keeps buying chunks on the quiet. The market makers tried to knock the stops out twice last week. A director buys this week. The chart is looking to break out... hmmm. I'm wondering about the Chinese. Of course, it could just be the heat.
who runs this company steptoe and son
Hahaha subtle
Bet you feel a bit stupid now...
been great for the last couple of weeks, looking forward to the finals. market expectations are increase in revenue, pretax profit, and EPS.
Wafer thin margins and shares being dumped, what is the opportunity? Because it has dropped in price? Numbers don't add up, look at fundamentals rather than just buying a dip.
I would guess it is a hint at a profit warning to come. could be wrong
Worth a long term punt at these prices?
Seems a very strong reaction to the trading statement today. Trading, growth, cash generation and net debt all in line with their expectations. The negative of China's new regulations only effect one division and have been covered by strong performance elsewhere. Topped up at 215. Will hold until results in June. GLA
Biffa PLC (LON:BIFF) insider Mick Davis sold 200,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of GBX 251 ($3.40), for a total value of £502,000
I think you will find that it was the first time that they were allowed to sell any of them. No conspiracy theory I'm afraid.
Biffa picks up refuse from 2.4million households and 72,000 businesses, including major chains such as John Lewis and Sainsbury’s. The company is heavily involved in waste processing too, recycling paper, plastic and metal, and creating energy from food and landfill gas. Read more: http://www.thisismoney.co.uk/money/investing/article-5188209/SUNDAY-NEWSPAPER-TIPS-Biffa-Carpetright-WH-Smith.html#ixzz51tP3irhR Follow us: @MailOnline on Twitter | DailyMail on Facebook
Someone is trying to manipulate biffa there are a lot of 47 48 49 share sells the deal charge alone would out strip the value of the deal
No news so why the sell off? Better not be insider trading !!
2.80s next then £3