Updates

Augean

May 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.

The Office of Fair Trading (OFT) has announced that it is looking into Augean's acquisitions of Atlantic and Zero Waste to see if there is a competition issue and will give its response on 16 May. According to Augean's broker, Numis, Augean has been advised by its lawyers that there is not an issue and in any case, the broker estimates that Augean's market share ranges from 15% to just over 20% which should not be alarming to the OFT. Numis has upgraded its recommendation to a buy with an unchanged target price of 303p. Await developments. ...

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Edinburgh Oil & Gas - Goldman Sachs initiates coverage with 350p price target

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Augean (October 2005)

Augean - Licence delay causes earnings shortfall (August 2005)

Augean - Wins extension to landfill sight (April 2005)

Augean - Legislation creates huge opportunity in landfill sights (January 2005)

Augean - Ambitious cash shell close to a deal (December 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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