Recent newspaper reports of counter bid might have some merit. Lots of buys are a bit larger than usual uninformed punters.

M.

A new high and Level 2 looking very strong!

:-)

Among the second-liners, Shanks soared 13.15 to 113p amid mutterings that the waste- management company could be snapped up by a private equity player, although others were mystified by the rumours. Takeover talks with Carlyle collapsed in March 2010 after the buy-out firm reduced its indicative offer price from 135p a share to 120p. But there were murmurings that a private equity house could be ready to take another tilt at Shanks.

Andrew Shepherd-Barron, an analyst at Peel Hunt, suggested that Shanks could appeal to a private equity player or a trade buyer as it is cash-generative and has done a good job of restructuring its balance sheet.

Dominic Nash, an analyst at Liberum, also thought that Shanks held attractions for a private equity suitor. He pointed out that Shanks was in an “interesting industry segment”, with growth coming from factors such as the landfill tax, which is pushing organisations to find other ways of dealing with their waste

Bought SKS looks like all brokers have a Buy on it. SP target around 120p.

Forward P/E of just over 10 to next year....

Shanks Group PLC

FORECASTS WIRES 2013 2014
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Investec Securities
26-06-12 BUY 40.00 7.50 3.60 46.00 8.60 3.80
Peel Hunt
22-05-12 BUY 39.50 7.37 3.70
Charles Stanley Securities [R]
07-02-12 BUY 43.40 7.85 3.40

2013 2014
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 40.17 7.49 3.62 46.00 8.60 3.80
1 Month Change -0.48 -0.03 0.00 -0.96 -0.20 -0.20
3 Month Change -1.70 -0.25 0.01 -0.96 -0.20 -0.20


GROWTH
2012 (A) 2013 (E) 2014 (E)

Norm. EPS 32.64% 36.37% 14.87%
DPS 11.67% 8.00% 5.03%

INVESTMENT RATIOS
2012 (A) 2013 (E) 2014 (E)

EBITDA £102.40m £108.77m £121.70m
EBIT £47.10m £m £m
Dividend Yield 4.28% 4.62% 4.85%
Dividend Cover 1.64x 2.07x 2.26x
PER 14.27x 10.46x 9.11x
PEG 0.44f 0.29f 0.61f
Net Asset Value PS 25.00p p p

It just seems a bit trapped at the moment. It's trying to push higher. It must be one of the lowest priced FTSE 250 companies. If it could move by 3p rather than 1p it might get noticed!

More than 70% of revenues are generated in the Benelux region, so maybe the weak € isn't helping margins.
Interim results 8th Nov '12.

Slow & steady, but we seem to have turned the corner. My first target is 92p.

I agree Harry, there are clods out there, but they weron the big risers board yesterday and there has been movement up this week.

Hopefully they can creep up a bit more. It need to drag itself away fro 80p. 92 sounds good!

Nice looking chart - thanks.

Bought into this today after getting a long signal for potential uptrend. Will hold until trend reverses. Please note I do not follow fundamentals, only price action. GLTA

Steve

Post 14 for forecasts updated. from hemscott premium.....

Shanks Group PLC

FORECASTS WIRES 2013 2014
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Peel Hunt
09-08-12 BUY 39.50 7.37 3.70 44.71 8.34 3.90
Investec Securities
26-06-12 BUY 40.00 7.50 3.60 46.00 8.60 3.80
Charles Stanley Securities [R]
07-02-12 BUY 43.40 7.85 3.40

2013 2014
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 39.82 7.44 3.65 45.28 8.46 3.86
1 Month Change -0.11 0.07 0.14 -0.01 0.51 0.11
3 Month Change -2.03 -0.29 0.04 -1.68 -0.35 -0.14


GROWTH
2012 (A) 2013 (E) 2014 (E)
Norm. EPS 32.64% 35.48% 13.67%
DPS 11.67% 8.92% 5.67%

INVESTMENT RATIOS
2012 (A) 2013 (E) 2014 (E)

EBITDA £102.40m £105.99m £115.78m
EBIT £47.10m £m £m
Dividend Yield 4.11% 4.48% 4.73%
Dividend Cover 1.64x 2.04x 2.19x
PER 14.84x 10.96x 9.64x
PEG 0.46f 0.31f 0.70f
Net Asset Value PS 25.00p p p

Agree with you Steve, I like the nice rounded bottom on the chart. Bought 5k this morning. H

.

PEG of 0.31 for 2013 forecasts............. bang tidy.

Forecasts plenty of growth to come for this established stock. Although agree with Harry not without risk re- to euro.

SHANKS GROUP SKS

Broker views and SP targets.....

Shanks Group Broker Views
Date Broker Recommendation Price Old target price New target price Notes

20 Jul Liberum Capital Buy 83.90 160.00 120.00 Reiterates
19 Jul Investec Buy 83.90 145.00 120.00 Reiterates
19 Jul Jefferies International Buy 83.90 119.00 119.00 Retains
09 Jul Goldman Sachs Neutral 83.90 133.00 135.00 Reiterates
18 May Jefferies International Buy 83.90 133.00 119.00 Retains

I agree something is happening up another 2p. Hopefully we're getting away from the lows!

Going strongly this morning.......

Not complaing but preferred slow & steady. May now have to consider selling before my target is reached.

Pull back so Ive added a few. Not a lot...... just to get a round number.