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.'

I think it will go down to 250p

Never.. 260p perhaps but no lower.

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

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.

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

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

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

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

hard to break the 260p level.

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.

Up nearly 25% as well, well done Q1 for keeping in there.

greatnews queen1 I knew they would be a sitting duck.

Thanks both! A negative reaction today by some and not a little profit-taking but I think this announcement shows the potential for Biffa as a takeover play. And the core business is attractive longer term as well.

plenty of support about 300p level.

Encouraging press release from Montagu private equity this morning. Could be an interesting ride.

Yes, BIFF has managed to keep its head above 3 which is good news. If we can see out tomorrow then next week could be interesting.

I am guessing the French will make a counter bid in time.

Well BIFF has suffered every time the market has seen red over the last few months but again today another little rise. Interesting times indeed.

It has to be Viola.

Some info for you from today's Times:

Info re possible counterbid for Biffa - from The Times 09 February