Operating in a niche market thats growing and forecast to make 18p+ eps in 2005.

DYOR

Didn't see the flag - never use them or Stockwatch unless away from home. I saw it as I went through all the RNS releases before open.

Cheers , I'll bring it to someones notice.

From Killik's daily report:

AUGEAN License Extension

Augean, the hazardous waste operator created by the acquisition of two leading players in the sector last December, has announced a license extension to one of its sites. Currently, the companys Norths Port Clarence site is licensed to handle 100,000 tonnes of hazardous waste per annum but this has been extended to 500,000. With landfill disposal costs in this area around 50 per tonne, the additional capacity off a relatively fixed cost base is helpful. It is not expected to achieve this volume immediately, but it serves to demonstrate good early action from the new management team in creating value out of the deals.

Further, the company has acquired the royalty rights from the former owners of the site which would have become payable had volumes exceeded 250,000 tonnes. No price has been discussed but we believe terms were advantageous relative to what would have been payable had the agreement remained.

Augean shares have risen by around 40% since the December placing to value the company at 170 million. Profits are anticipated to come in around 17 million for the first year of ownership rising to north of 20 million in the following year. However, the company now has a debt free balance sheet and therefore ample internal resource for further deals in the sector. We remain buyers of the stock.

Hi Dil

Any reason for the fall in price?

General market sentiment I guess , I know of no other reason but sold all my holdings back in March so haven't kept up to speed with these.

lucky week sofar

What caused that then ?

You were right 3 years ago?

;-)))

Yeah to flog them when it hit my stop ... I bought a lot higher than this :-)

Good move.

You should have been long MDX about 4 1/2 years ago. You'd have lost a fortune. ;-))) It was the best move I ever made. ;-0

My name is Tabby. LOL!

No , he sold MDX at the top (don't they all) .... as did I even though I hadn't bought any :-)

RNS Number : 2517H

Augean Plc

25 May 2011

Augean Plc ("Augean" or "the Group")

Appeal Upheld for Low Level Waste Disposal

Augean, one of the UK's market leaders in the management of hazardous waste, is pleased to report that the Secretary of State for Communities and Rural Affairs has upheld its appeal for the granting of planning permission for the disposal of Low Level Waste ("LLW") at its East Northants Resource Management Facility ("ENRMF"). The decision is in line with the Environment Agency and the County Council planning officer's recommendations which supported the Company's initial planning application. The disposal of LLW at appropriately permitted landfill sites is consistent with Government policy for the decommissioning of redundant nuclear facilities.

The Group anticipates that ENRMF will be able to start receiving LLW from Q4 2011 and into 2012 and has engaged with the decommissioning sector on a number of contracts. The waste streams will be managed to the highest standards and regulated by the Environment Agency. The waste which will be deposited at the site will typically be construction and demolition materials such as rubble, soils, crushed concrete bricks and metals.

Commenting on the decision, CEO Paul Blackler said:

"We believe Low Level Waste disposal represents a significant opportunity for the Group as we look to continue delivering growth for our shareholders. Whilst we are very pleased with today's decision, we are aware of the strong views surrounding the subject and are determined to work closely with local communities and other interested parties on an ongoing basis to address any concerns."

Augean Plc ("Augean" or "the Group")



Environment Agency grants permit to dispose of LLW at East Northants Resource Management Facility


Following yesterday's decision by the Secretary of State for Communities and Local Government to uphold Augean's appeal for the granting of planning permission for the disposal of Low Level Waste at the Group's East Northants Resource Management Facility, Augean is pleased to announce that the Environment Agency has granted Augean South Ltd a permit to dispose of Low Level Waste at the site. The permit allows the disposal of wastes with a range of hazardous, non-hazardous and inert properties with low levels of radioactivity.


The decision follows a rigorous assessment of the company's application, extensive consultation with the local community and approval from the European Commission. Further information can be found on the Environment Agency's website http://www.environment-agency.gov.uk

listen - Augean - Pre-close trading update

click here