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Biffa - Waste not, want not (BIFF)     

queen1 - 06 Dec 2006 08:49

Looking good since the demerger. Lots of potential growth opportunities, a potential bid target and green credentials to boot. what more could you ask for?!

Biffa has posted first-half profit before tax up 19.9% to 41.6m, boosted by organic growth.

The waste management services company, which recently demerged from water company Severn Trent, also saw revenues up 5.8% to 376.5m in the six months to September 29th.

Biffa's maiden interim dividend was set at 2.1p per share.

CEO, Martin Bettington, said, 'Biffa has delivered a strong set of maiden results, with all divisions achieving organic growth in the first half of the year.'

queen1 - 12 Jun 2007 19:08 - 41 of 76

I still think it was overdone. Still, what do I know?!

Dil - 12 Jun 2007 20:17 - 42 of 76

Don't tempt me :-)

mitzy - 13 Jun 2007 08:58 - 43 of 76

Worth buying this morning after yesterdays poorly received results.

hrfulleruk - 14 Jun 2007 14:55 - 44 of 76

3 directors bought stock at around 285p

queen1 - 14 Jun 2007 18:45 - 45 of 76

That doesn't surprise me. This is still a quality play with a lot of long-term potential (or the potential to be taken over). The Directors know this and saw the post-results slump as a buying opportunity.

Fred1new - 14 Jun 2007 20:08 - 46 of 76

Although this company has had some good press coverage since its disappointing results and in the very long term should be a winner, it is likely to trade sideways for some time, probably months waiting for fundamentals to catch up.

From the maps, it could rebound and trade between 310 and 360p, but is more likely to trade between 280 and 310 p for months waiting for and improvement in projected fundamentals. (Some of the CEO comments could be reread.) From what I can see the bounce to-day has less than hoped for volume to support it.

BUT DYOH I am known to be wrong

queen1 - 14 Jun 2007 22:07 - 47 of 76

You're probably right but I'm a long-term shareholder and in the case of this share I believe I will profit in the long term. But of course I too am known to be wrong!

Stan - 21 Jun 2007 10:33 - 48 of 76

STOCKWATCH Biffa weak; Morgan Stanley placing 22.8 mln shares


LONDON (Thomson Financial) - Shares in Biffa PLC were weak in early morning
trade, with Morgan Stanley understood to be placing 22.8 mln shares in the waste
management firm via an accelerate book-build in a price range of 280-285 pence,
according to dealers.
At 9.18 am, Biffa shares were 11-3/4 pence lower at 282 in volumes of
898,790 shares traded, while the FTSE 250 index was down 126.3 points at
11,671.2.
tf.TFN-Europe_newsdesk@thomson.com
jmh/lce

...In case your wondering -):

Down 4.5% to 280p on a volume of 37 million. (average vol. of late is about 4 mill. from memory) so a serious correction here.

hlyeo98 - 21 Jun 2007 10:49 - 49 of 76

Looks like it is AVOID Biffa in the short term.

Stan - 21 Jun 2007 10:53 - 50 of 76

Agree H98, to much bad news with this one lately.

hlyeo98 - 21 Jun 2007 11:03 - 51 of 76

I think it will go down to 250p

mitzy - 21 Jun 2007 12:14 - 52 of 76

Never.. 260p perhaps but no lower.

queen1 - 03 Jul 2007 10:09 - 53 of 76

Three separate positive comments in Shares magazine last week. They appear to have called the bottom. Let's see what the market decides.

queen1 - 01 Oct 2007 08:50 - 54 of 76

Biffa said the FY performance of its waste collection division is likely to be in line with the prior year.

Biffa said in July that the collection division was facing tough competition in its local account markets and technical problems at its Leicester mechanical-biological waste treatment plant.

Waste company, Biffa, said a number of significant new accounts had come on-stream in the second quarter in the division's national accounts business.

The unit is continuing to implement its revised pricing strategy and customer services initiatives in the local account arena.

'Following the completion of plant modification works to our mechanical-biological treatment plant earlier this year, our operations at Leicester have now returned to profit,' Biffa said in a trading update.

Biffa said it had continued to see encouraging performances from its resource recovery and landfill and power generation divisions into the second quarter and both divisions are expected to show continued growth. 'We continue to make good progress across the company in preparation for the introduction of the pre-treatment regulations which come into effect on 30th October,' the group said in a trading update for the 26 weeks to September 28th.

mitzy - 01 Oct 2007 19:08 - 55 of 76

Great day rise today tomoorow even better back to 260p..

queen1 - 01 Oct 2007 21:29 - 56 of 76

It would be good to see a consolidation or continuation of today's rise mitzy.

mitzy - 02 Oct 2007 13:09 - 57 of 76

looking great again today queen a couple of papers have buy ratings which should help.

queen1 - 02 Oct 2007 13:48 - 58 of 76

Well it is a quality outfit mitzy and talent will out eventually. Let's hope it keeps going northwards!!

mitzy - 12 Oct 2007 15:00 - 59 of 76

hard to break the 260p level.

queen1 - 23 Nov 2007 22:18 - 60 of 76

Big news for Biffa and the SP reacted accordingly:

Montagu Private Equity LLP said Biffa PLC has rejected the joint approach by the company and Hg Pooled Management Ltd (HgCapital).

Montagu said it and HgCapital approached Biffa to secure a recommended cash offer for Biffa and any offer, if made, would be at a significant premium to its share price immediately prior to the approach on Sept 4.

Despite the rejection, Montagu said it and HgCapital are committed to pursuing an investment in Biffa. The bid vehicle formed for the purpose of making any offer currently holds a 2.4 pct stake in Biffa.
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