Not a gamble this one, but an excellent medium term investment,
with all the AIM tax breaks.

Mercury Recycling Group Plc was formed in September 1997 and it's first recycling plant was opened in February 1998.

Mercury Recycling's Manchester-based plant offer safe and controlled destruction and recycling of fluorescent tubes and street lamps by splitting them up into their seperate parts - glass, metal and mercury - all of which can be processed and re-used. The Company also recycle dental amalgam, the silver coloured material used for dental fillings, which is seperated into mercury and silver. Other items recycled for hospitals and clinics include button cell batteries from hearing aids and mercury thermometers.

Clients of the Company come from both public and private sectors, though predominantly in the service and manufacturing industries.

In July 2004 new European Legislation comes into force, meaning that certain wastes categorised as Hazardous can only go to suitably licensed recycling facilities or to authorised landfill sites of which after the new regulations, there will be only 10 - 15 Nationwide.

Mercury Recycling supply safe storage bins to companies, and collect them when they are full, charging for each item collected.

They have an impressive client list which is growing all the time, including;
NHS Hospital Trusts
Goverment Offices and Departments
Leisure and Fitness Centres
Electrical Wholesalers
Highway Maintenance Contractors
Network Rail
London Underground
Education Departments
Exhibition Venues
HM Prison Sevices
Sports Stadiums
Local Authorities
Airports
Banks and Building Societies
Police and Fire Services
The Sunbed Industry
and many others

http://www.mercuryrecycling.co.uk/
a nice Green company on AIM, with excellent future growth prospects.

The new European Legislation comes into effect from today,
this can only be good for business for MRG.


Employers are set to face increased costs and possibly fines for the improper disposal of fluorescent lamps, according to waste management firm Biffa.

From 16 July 2004, fluorescent lamps, which contain mercury, will be classed as hazardous waste under the European Landfill Directive. Every user of fluorescent lamps will have a responsibility under the Environmental Protection (Duty of Care) Regulations 1991 to dispose of them correctly.

This will mean that fluorescent lamps can only be disposed of at designated hazardous landfill sites, or recycled.

However, the Environment Agency estimates that there will be fewer than 10 hazardous waste landfill sites available for fluorescent lamp disposal in the country. And the cost of disposing of such lamps at these sites is expected to increase by a significant margin.

Alternative options are available as fluorescent lamps can be recycled to recover the mercury within them.

Andy Carey, Biffa general sales manager for special waste, said:
"With the cost of hazardous landfill set to rise, recycling is becoming a more viable option for businesses. At the same time, mercury is a valuable natural resource, so recovering it, along with other materials within tubes, makes sound environmental sense."

Excellent results today. Excellent future prospects

Price moving accordingly


Some key extracts from Chairman's statement:

..results reflect the continuing progress of the Group, and show
an increase in sales to 783,000 from 484,000, an overall increase of 60%
compared with the previous half year. The Simister acquisition contributed
210,000 so without Simister, the overall increase would have been 18.4%. The
profit of the Group for the 6 months, before goodwill amortisation, was 96,000
against 71,000 for the full year ended 31 December 2003...
...Sales are now being driven by the implementation of EU Directive on Waste
Electrical and Electronic Equipment ('WEEE'), together with the large reduction
in the number of landfill sites which are able to accept mercury bearing waste.
Thus the market for recycling is expanding rapidly, and our number of
customers is growing monthly. The Group is well placed to take advantage of
these forthcoming opportunities...

...The total potential market is such that the Board is considering a major capital
investment programme in 2005 to increase capacity, and meet the increasing
demands for our services. The bank position continues at a healthy level with
159,000 in hand despite having paid the cash element of the acquisition, and
the sales growth has resulted in an increase in debtors from 154,000 at June
2003, to the current level of 293,000.

...Undoubtedly, the future now looks exciting, and offers serious growth potential.
We are the leaders in the field, with near national coverage, the appropriate
technology, and the credibility to take advantage of this large market. Sales
in the second half of the year seem likely to at least maintain the first half
growth...

Any idea why these have been rising so much lately?

rhps tip for one reason.....excellent company/prospects for another.

Thanks. S

Why has the share price fallen back so heavily from 45p to around 30p. Anyone know? Is this an opportunity?

It looks like a repeat of last year's trading.A big surge up in January and then in a trading range until results in May(?).The dramatic drop was probably profit taking,IMO.This is still a loss-making business,albeit improving.I would like to see profits at the next results.Until then,on no news,I would wait until the sp shifts up before/after next set of figures,before buying.Alternatively,once you see the pattern you can trade within the sp range.
Ethel

Governments commitment to compulsory recycling of lamps containing mercury may finally happen this summer.This would have a significant effect on MRG sales whose results are due shortly.

Classic case of MM manipulating SP which is up 5p(20%) most buys shown as sales. Results due soon.

Starting to perk up in front of results due shortly, hoping for a maiden dividend.