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'm liking the look of this stock and think I have to get in.

Well Greyhound it's green, growing and a takeover target - join the party!

..Mes amities mes ami/es .D'accord completement. .Chartwise -.ln employing relatively basic simple variables 260p signalled the point of entry. And chartwise 320 was point of exit... .. 335p+ seems a little too heady for myself at THIS time and the current precarious s/p , whilst perhaps no more than a minor bleep, is looking slightly overbought and overpriced . l fully anticipate a little profit taking as % players like myself lock into some healthy profits - followed by an ensuing fall in s/p , ; and a very temporary retracement to perhaps the 300p level; at which point there is solid intrinsic support and an s/p l would consider taking a position. At 300p there is massive support. . Talk about the s/p being walked uo the upper bolly band from 260 to 310 , and the ensuing push to wards 350 makes Biff looks as if there is more downside as opposed to upside; and hence temporarily overvalued. .Juste as MMs can walkthe s/p up the upper bollinger bandwith it can wan walk them back down the lower band . ..ln saying that i suggest this scenario will be shortlived as BIFF has some very healthy fundementals coupled with impressive organic growth fuelling its monumental 30% since Dec and to boot a 2.1p maiden divi All in all - One to follow VERY closely . ,,,,Finally has anyone any idea if Sev Trent in disposing of this none core asset hived off ANYof the enlarged groups debts to its newly spun off enterprise- juste as BT with O2. ....Last i heard SEV were making noises that this waste management outfit was not as cost effective as the board anticipated . .......Any comments .... @+ J..............OT - A look @ WNG may prove of great interest to many on this board . ......... . . ..............

Interesting bit about possible rerating for outfits like BIFF In AFX below I thought.

http://www.moneyam.com/action/news/showArticle?id=1836916

Thanks Stan

Merci beaucoup FC...

Managed to get out with over half of my holding before the little quick drop from 341.5p.

....Moves about this one doesn't It?

Proving to be a reliable trading opportunity this one.

Proving to be a reliable trading opportunity this one.

Anyone know If this Is adding or selling?

http://moneyam.uk-wire.com/cgi-bin/articles/200703231615086391T.html

http://moneyam.uk-wire.com/cgi-bin/articles/200703261713447424T.html

Might provide a nice little spike In SP around that time.

One would hope so Stan. Most market comments have been favourable with the exception of the recent broker note. Still a potential bid target as well.

Queen1, did you see they even got a mention In the Pennon results yesterday -):

I didn't - what was the gist of that?

It's In the link below, If the link does not highlight I will cut/paste It.

http://www.moneyam.com/action/news/showArticle?id=1864026

ED: No highlight, I will get the relevant stuff.

Her we are then Q1,

"Pennon Group continues to be seen as a prime takeover target as infrastructure funds show increased interest for water and waste assets, interest evidenced by the recent acquisitions of Cory Environmental in the UK and Saur in France.

Analysts said that an absence of obvious candidates for failed bidders, as well as European protectionism, make Pennon and Biffa stand out."

Thanks Stan. The more reporting like this the better IMO. Biffa's a quality product in the right market at the right time. Let's see how the story unfolds.

Certainly get the feeling that something may be In the offing, only problem Is when of course -):

Still patience Is a virtue as they say.

http://www.iii.co.uk/investment/detail?code=cotn:BIFF.L&it=le&display=news

Well didn't expect that, SP been down around 331p. all day on bigger then usual volume.

Will they take It down another 20/30p or up by a similar amount...answers on a postcard

please?

Biffa cautions on profits
MoneyAM
Biffa has told the market that full-year profits and revenues will be at the lower end of expectations.

The waste management firm, which demerged from utility Severn Trent last September, said profits from its Collection Division were likely to be below those achieved last year as it raised prices only selectively instead of across the board in order to retain more customers.

Biffa CEO, Martin Bettington, said the earnings slowdown was a strategy to keep hold of customers when new regulations come in in October requiring customers to pre-treat waste before it is taken away for landfill by Biffa. This will raise costs for consumers and the company wants to retain market share by not raising prices across the board.

'We've been looking at our local accounts,' he told reporters. 'The biggest change is that last year we put in a double-digit across the board price increase, which we've not done this year as it's not appropriate. The way the market is developing with the new regs in October we wanted to concentrate more on service and being more focused in terms of prices increases.'

Biffa's Leicester plant has also affected this year's numbers as it will not open following upgrades until the Summer.

Bettington said the company was not angry about Chancellor Gordon Brown's Budget decision to raise the landfill tax by 24/tonne to 32/tonne by next year.

'Even with 24 a tonne you're below EU levels,' he said. '32/tonne will bring it closer. It's something we've been saying for some time: if we really want to get serious as a country about recycling, then you have to put the tax up.'

The resource recovery/landfill division and the power divisions are expected to show good growth, added the company.