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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Augean - Wins extension to landfill sight

April 2005

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:
  • 268p
The shares jumped 15p to a new high of 270p after Augean announced that its smaller landfill site at Port Clarence has won a licence extension from the Environmental Agency to increase its hazardous waste capacity from 100,000 to 500,000 tonnes a year, making it the biggest in the North. Augean has also purchased the royalty agreement on the site, which nullifies the previous requirement to pay substantial royalties once annual volumes rise above 250,000 tonnes. This achievement in sweating its assets harder was soon followed by interim results for the period from incorporation on 6 August until 31 December, which are virtually meaningless as Augean's two landfill site acquisitions were only consolidated for the fi ...

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