Floated at 80p this one won't go down the skip (or "tip"), I promise.

Skip? Skip it!

They do! Straight up! Straight (STT:AIM) IS worth a little look. It's highly illiquid - well rubbish is! - my cans are always empty, lol!

What am I on?

Well STT provide waste recycling products (not just skips!) and raised 1.5 million at flotation (market cap 7 million), to enable the introduction of software that will optimise its recycling targets and sales. Everyone is seeking improvements in the amount recycled and it is infact VERY big business. It won a contract that is lucrative with Northampton County Council recently. The contract is worth over 1 million and the company confidently expects to win several additional such contracts this year. Beeson Gregory didn't take a 4% stake out of some misplaced sympathy!

The rollout potential is actually very strong and that's where a 7 million market cap looks oh so much on our side. At 112p the shares have been going up (You guessed, straight up!) having floated a few months ago. Friday's buying was not huge but quite a few I suspect very well informed people spent over 5k. New contracts look certain to follow. Local authorities will have money to spend at this time of year. (And i understand they are looking for business from big name water companies too).

Worth a little dabble imho.

Another 8% move up today. Seems like the market makers may be struggling to get stock.

Hope you got in despite the lack of response, now 132.5p and the mms crying out for stock, tee hee!! They ain't getting mine!

Fabulous results today, profits up, new orders and really strong balance sheet. Only challenge left seems to be improving margins but record order book (less than 4 months in to this financial year) already 50% of market cap announced in 2004 orders.

Not exactly fashionable but who cares, business is booming!

HI/
what other company is in same line of bus but has market cap approx 50mil saw article which you had to pay for , stating this 50mil company was after aquisions so maybe stt could be in line for a offer anyone any ideas

Seems to have fantastic potential.Surely it must be a winner.
rgds aj

Following recent acquisition of main competitor, should make 15p+ eps, next year, probably rather more imho, and touched 200p yesterday before profit taking today. I reckon given market leading position a share price nearer 300p would be fair.

Another 10% so far today another all time high. Unsexy it may be, but the share price isn't! Recent director sale to aid liquidity - looks like he will have to release more to meet the demand. Nice!!

In a fantastic growth sector, but still largely undiscovered, unlike most in the sector.

Straight plc, the AIM quoted supplier of waste and recycling containers,
announces the award of a new contract worth 1.44 million to supply home
composters and accessories to WRAP (Waste & Resources Action Programme).


Home composters allow householders to easily convert much of their kitchen and
garden green waste into a soil improver. Because the waste material does not
need to be collected and sent to landfill, there are considerable environmental
benefits.


This contract, following an award earlier this year, will result in the
continuous production of more than 300,000 home composters. These will be used
towards WRAP's target of delivering 500,000 home composting bins through 2006.
The 220 litre and 330 litre compost bins, supplied under Straight's Blackwall
brand, have been a major focus of the WRAP campaign, which will now enter its
third year.


A new kitchen waste composter developed by Straight is also included in the
products selected by WRAP. This allows all biodegradeable material to be
composted by including the composting of cooked foods as well as meat, fish and
dairy products.

WRAP (the Waste & Resources Action Programme) is a major UK programme
established to promote resource efficiency. Its particular focus is on creating
stable and efficient markets for recycled materials and products and removing
the barriers to waste minimisation, re-use and recycling. The promotion and
support of Home Composting forms a major part of the work on Waste
Minimisation.

Never come across this company until I took up an offer via East Riding Council re water butts and other items.
If their customer services are anything to go by they are the worse company I have ever dealt with. I ordered these items via the web site about 3 months ago.
The amount of 45.50p was debited 3 times instead of once. On phoning the company after a wait of over 40 mins I eventually got through to be told that 2 payments would be returned. About 4 weeks later this did appear on my credit card statement. Due to further delays I again attempted to ring. After holding for over 30 mins I decided to contact via e-mail to cancel the order. Several e-mails later I still had not received any reply.
I have canceled several times via e-mail, and yet I still receive letters telling me that the order will still be sent but it may take another couple of months.
I have still not received my money back and it is impossible to contact the company or receive any reply to my e-mails.
I would think that in the East Riding this companies name is mud.
I apologies at coming onto this thread with a customer moan, but I am trying every way I can to make someone in the companies authority to sit up and take notice.
If anyone has a contact number for any of the directors(or an e-mail contact) it would be appreciated.

Probably not the best of days to be investing in new stocks but I've just dipped my toe into STT. Are there any holders still out there as this thread appears to have been pretty quiet recently?

Directors buy....and the SP goes down. Don't you just love the market.

Supplier of recycling containers Straight PLC said chairman James Newman, chief executive Jonathan Straight, operations director Mark Halford and non-executive director Colin Glass bought 2,500, 5,000, 2,000 and 2,500 respectively, at an average price of 196 pence a share.

Up 10% today after a few weeks of small falls. Anyone any ideas why?

I sold out at around 260 around 6 months ago. And would be worried to buy back in given the fall in the SP over the last 2-3 months for no apparent reason.

Just flicked through the results, they seemed very good. Maybe it is the fact that there has been so much rain that demand for a lot of their water saving items will have been close to nil for about 2 months.

Straight, the supplier of recycling containers and environmental container solutions is pleased to announce the acquisition of the assets and trade of Gummy Bins Limited.

Straight has been distributing Gummy Bins for 7 months and, although a small part of the business, saw this acquisition as an opportunity to drive revenues for this product. The acquisition further reinforces Straight's commitment to tackling the problem of chewing gum littering with this acquisition which will assist the business in gaining a significant share in a market which is set to grow considerably following last month's introduction of the smoking ban in England and Wales.

Chief Executive Jonathan Straight said 'We are delighted to consolidate these new products into our portfolio. I am confident that we will be able to quickly leverage our existing relationships with both local authority and B2B customers to further strengthen our presence in this area'.

Today's SP fall was overdone IMO:

Straight PLC's first-half pretax profit fell compared to last year due to certain one-off costs even as revenues rose 11 pct. For the six months ended June 30, the supplier of recycling containers reported a pretax profit of 0.8 mln stg compared to a restated 1.3 mln last year while turnover grew to 13.9 mln from a restated 12.6 mln.

Chairman James Newman said: 'Our trade order book is at a very healthy level with a higher margin products mix than in recent years. Consequently, the second half of the year is looking positive.'

The group has declared an increase of 4 pct in the interim dividend to 1.25 pence per share versus 1.2 pence last year.

Little comment here to explain "why" this year has been such rubbish - STT started at 80p about 2 years ago .... and now it's returned, having hit 2 as punters thought the World owed Straight a living. . . . what with the Recycling Bin demand (as Councils attempt to fine their citizens).....then we had the 2006-Drought and folks bought anything to hold water - Except in 2007 we needed fewer Wheelie-Bins/boxes ( I thoought WB's were European-sourced? )....and it was very wet, meaning that few of us wanted Straight products - combine this with the extra cost of Energy/plastic and it's hardly surprising it's been such a poor year . . . indeed what is surprising is that Straight Execs didn't know this two, or three, months ago - - - - why wait until now?
(that looks like careless, or Hope over Reality.)

Therefore, one wonders if there won't be another snipet to escape, just when we don't expect it?

Indeed the Surprising thing, straight-up - is that the SP is still close to the Float-figure, which contained much Hope/hype and Market expectations - to put it bluntly - - - that figure should now reflect the withered expectations . . . . so, sub-50p IMHO; - but DYOR, eh?

62p Somewhat lower, since Dec07 - so it's starting to look fair value IMHO.....but not yet.
I guess it depends on the Summer - with Garden centres making a call on the Weather...if 2008 is dr,y they'll re-order....but if not the stock will last until next year.....Straight really needs to find a non-weather-related product line, to avoid this Stop-Go relationship.
- - - - Any ideas?

Some good news at last!!!

Straight has said it has won tenders worth about 1.42 million pounds to supply food and kitchen waste collection equipment to seven local authorities in Wales.

The tender wins follow the Welsh Assembly's announcement in October 2007, that it is providing 14 million pounds in grants to local authorities to boost recycling across Wales over the next two years.