Member Info for Colt45

Correct KK. HMRC are extremely unpredictable and usually issue an assessment to cover the worst case scenario and then leave you to prove otherwise. Aug has done an extremely good job to date and are confident of a favourable outcome or least a manageable settlement. I do not hold at present and probably shouldn’t post too many positive comments until I get back on board. I really would like to get some in around £1 but probably missed the boat.

HMRC are not dropping their claim. They have already issued two assessments (at greatly reduced levels than the market expected) but these are being challenged through the tribunal system. HMRc have agreed that they do not need to be paid until a tribunal decision has been reached and the fact that the business has not raised a provision would indicate to me that they are confident that their lawyers / environmental consultants will get the assessments overturned. If Augean produce detailed reports detailing how they treated the hazardous waste so that it qualified for the lower rate of tax then they will win the case - this is how the process works. Meanwhile quietly in the background JM has been slashing debt by selling of non performing assets, cutting huge amounts of overheads and winning some very lucrative long term contracts to secure future earnings. He has made well over £1m profit on his own shareholding - I love to see directors with skin in the game. Mark my words, this business is being lined up for a sale at a price significantly higher that today's share price. I work in the industry and know this game inside out, including many fights with HMRC over landfill tax.

Hello Kernowken
I am patiently waiting for a sp dip to get back into this stock but it just is not coming. I really cannot say too much or my cover will be blown but sit tight if you hold this stock. I will be back in if it dips below £1 again but I fear I have missed the boat. Colt45

You beat me to it Bearscarer. The ATM stake will prove to be very valuable when they eventually off load it.

KPMG partner raising a €3 billion fund for investment in green technology including energy storage. The future is bright - the future is BE!

Hello Pdup - this company will be taken over sooner than everyone thinks. I know the history and track record of a major shareholder as I work with them day in day out on the board of another investment vehicle.

Not intended Knuttie and apologies if it came across that way.

I am fully aware of everything in Pdup's response Loudspeaker. I am also aware of other connections that are not clearly visible. All positive mind you and I have absolutely no concerns about this short term loan offer. You keep doing your own research and do not concern yourself about what research I have done. Regards Colt45

Pdup - there is much more connection between ATM and Bmn than the visible Bmn shareholding in ATM. This is not the first time that bmn provided short term finance to support a connected partner that is also another major shareholder in ATM. The two company bases may be in Africa but the control handles are in Guernsey.

Really appreciate your posts by the way. Colt45

I would be in full support of a buyback rather than dividends. However, a clear dividend policy from steady profit streams is what attracts institutional investors. Once they are on board then shorting is less of an option.

No - two 50k lot purchases by me. I have followed this company since 2016 when a fellow shareholder of my company went in big when it was only a few pence a share. I also have huge confidence in Geoff Sproule.

Having had the pleasure (not!) of dealing with HMRC on the same issues that Augean have I would not be so confident that this will end well. They may well manage to defer the payments but will have to settle at some point.

Re the recent results, if you strip out the income from asset sales then they do not look so rosey.

I did buy in just after the HMRC news as I felt the share was way over sold. I took my profit at 49p with no regrets. One more bad negative communication from HMRC and this will nosedive again. Stand well back!