Member Info for billybigwig

Biffa (LON:BIFF, 193.25p) – Buy Biffa, a leading UK integrated waste management company, yesterday announced its results for the 52 weeks ended 24 March 2017 ('FY2017'). During the period, net revenue (revenue excluding Landfill Tax) advanced by +8.3% to £898.8m, comprised of; +3.3% organic growth and +5.0% from acquisition, against the comparative period (FY2016). On an underlying basis, EBITDA margin improved by +0.7% to 13.9% which resulted in EBITDA growth of +12.6% to £137.7m. Operating profit grew by +18.1% to £73.8m as operating margin rose by +0.8% to 7.5%, leading to significant jump in pre-tax profit of £45.1m, up +112.7m, or profit after tax of £35.8m, up +251.0%. On a statutory basis, loss after tax was £10.9m (FY2016: £5.1m), primarily reflecting Biffa's IPO costs of £29.0m and the impact of the reduction in the real discount rate on landfill provisions charge of £17.9m (FY2016: nil). Underlying free cash flow stood at £28.8m (FY2016: £35.9m), cash and cash equivalents amounted to £56.4m (FY2016: £106.0m), while net debt at the year-end was £246.1m (FY2016: £505.9m), implying net debt to EBITDA of 1.8x. On the operational front, the Group completed 5 acquisitions (total investment: £25.7m) and signed an exclusive partnership agreement with Covanta, a leading developer and operator of Energy from Waste (EfW) recovery facilities, to jointly explore 2 potential EfW projects in Leicestershire and Cheshire. The Group was admitted on the main market of the London Stock Exchange in October 2016 through IPO raising £262m. Biffa's CEO, Ian Wakelin, commented "Biffa delivered a strong performance in the year that also saw our successful listing on the main market of the London Stock Exchange. Our expectations for the year ahead remain unchanged and we look forward with confidence". The Group declared its maiden dividend of 2.4p per share, to be paid on 28 July 2017. Our View: Biffa delivered FY2017 results in line with expectation and with pre-close trading update announced in March. The Group's all 4 divisions; Industrial & Commercial (58% of net revenue), Resource Recovery & Treatment (12% of net revenue), Municipal (20% of net revenue), and Energy (10% of net revenue) performed well. In particular, Industrial & Commercial division showed strong performance with organic growth of +5.9% driven by new customer wins, a further +3.1% revenue growth led by the 5 acquisitions, together with a significant margin improvement of +1.7% during the period. Looking ahead, the Board confirmed that its expectations for the FY2018 remain unchanged with strong pipeline of acquisition opportunities. Outlook for Industrial & Commercial division is encouraging as continued revenue and margin growth will drive organic growth, while the Group retains its strong acquisition pipeline. Resource Recovery & Treatment division also has positive

2.30 is my target then reassess it brokers have this at 2.60 by the looks of it if it carrys on that could be Thursday or Friday ;-) and good old biffa paying a divi always helps too. looks very promising. ..you've only got to look at viridor to see how the rubbish business is booming

Looks to be coming up quick a small divi too sweet!

Viridor lost a 17 billion pound contract it can only benifit the likes of biffa

Back to £10 :-)

17th November

This doesn't want to hit £9 does it" getting itchy fingers but the minute I buy back this will drop to £8.50

Well tempted to buy back wanted £9 or lower but this is holding up very well

Well I sold after I got my divi the moment it went back over £10 in august winner! it's been downgraded along with seventrent water,now its £9.40

Oh matey self select isa stop giving the tax man your wonga

Think £24 is more likely that under £18

Pounds sterling and euro equivalents announcement date June 13, 2016 Payment date June 27, 2016

Fantastic day today more to come. when this gets back around the £24 mark that'll do me nice :-)

About feckin time it's been emotional to say the least :-)over £20 yeeeeeeees

It does seem to perk up in April but I'm thinking it's more in line with people getting in for the ex divi day

28821sold 13401 bought price drops 1.5 points tinkler sells 2 million hardly a ripple HOW?

I'll be honest I thought this would of started to tick up to the £1.20s by now instead it ticked downwards,come ex divi date I am expecting this to be nearer to £1.30,we have got some good contracts under our belt in bio mass and more euro to the pound can only be good for stobby air ie more people using it

tinkler,He sold 2 mil on the 3rd of march and there was another 1.9 million sold too why as the share price not dropped any thoughts on this?

Always for his self

He's like a magician nobody knows what he is up to at any one point.you can be sure of one thing, he will make money.