Updates

Augean

October 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.

Augean’s interim results were as expected with a pretax profit of £2.1m and earnings of 3p on turnover of £12m. This was generated from 99,000 tonnes of hazardous landfill tonnage, with an average price of £70.45 per tonne. The statement highlighted that volumes of chemical wastes were trending upward but Augean is still awaiting the Environmental Agency licences to convert two monocells at Thornhaugh into taking hazardous waste. Earlier, Augean announced the acquisition of Proactive Waste, a West Midlands-based hazardous waste treatment company, which is expected to make an operating profit of £1m this year, so clearly earnings enhancing. The shares have flirted with ...

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Real Good Food - Shares are due for a bounce

NETeller - Shares burst through Â£9 level

Augean - Licence delay causes earnings shortfall (August 2005)

Augean (May 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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