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

DYOR

toxic waste is becoming a big thing, AUG are in a good position. Quite happy to sit back and watch the story unfold.

This share was chosen by Richard Fletcher on January 2 2005 in the Sunday Times as his Share of the Year. I am invested in it because it is in a niche market, listed on the AIM with a small capitalisation and is not a telecom/computer or mining share with of course growth potential.

Check out its web site www.augean.co.uk

Breaking out again.

Indeed Dil. Good news this morning.

What news Al or are you confusing it with BPG ?

Dil - RNS from this morning. Thought you'd seen it.



Augean Plc
03 March 2005

03-03-05

Augean PLC

Licence Extension and Royalty Acquisition at Augean North, Port Clarence Site

Augean PLC ('Augean' or 'the Company'), the UK's leading hazardous waste
business, is pleased to announce a hazardous waste licence extension from
100,000 tonnes per annum to 500,000 tonnes per annum at Augean North's Port
Clarence site. In addition, Augean has purchased the royalty agreement on the
site.

Augean North - Port Clarence licence extension

The Environment Agency has agreed through the issue of a licence extension, to
increase the annual hazardous waste tonnage inputs from 100,000 tonnes to
500,000 tonnes at the Port Clarence site. Total space at the Port Clarence site
comprises 103 hectares; this licence extension demonstrates management's
commitment to enhance the value of the assets in a timely manner.

Augean North - royalty acquisition

In addition, the Company has taken the opportunity of acquiring the royalty
rights payable to the former owners of the site, based on volumes. This
agreement has been acquired so that going forward, no royalties are due at any
level of tonnage intake at any date in the future. Had this acquisition not been
made, substantial royalties would have become payable once volumes had reached
over 250,000 tonnes.

John Huntington, Chief Executive of Augean PLC said:

'This licence extension and acquisition of royalty rights at Port Clarence is
excellent news for the future growth potential of the business. Importantly,
this extension and the royalty acquisition are unlikely to have an immediate
impact on the financial performance of the business, however, as volumes pick up
in the years ahead, this investment will make an important contribution to the
Company.'

Ends

For further information, please contact:

Jonathon Brill/Billy Clegg, Financial Dynamics
020 7831 3113


Notes to editors

About Augean plc

Augean plc listed on AIM on 10 September 2004, as an acquisition vehicle
designed to acquire businesses within the exciting and fast growing hazardous
waste market. In November 2004, the Company raised 100m in an institutional
placing to fund the acquisition of Atlantic Waste Holdings based near
Peterborough, which Augean bought for 80,000,000 and is now called Augean South
and Zero Waste, based near Middlesbrough, bought for 26,000,000 which is now
called Augean North. Augean is the UK's market leader in hazardous waste.

Augean is run by John Huntington, CEO, Gary Downey, FD and David Williams,
non-executive Chairman. John Huntington and David Williams were previously
involved with Waste Recycling Group plc.

The hazardous waste market

Since the implementation into UK law of the EU Landfill Directive on 16 July
2004, what was 'special waste' has been re-classified as 'hazardous waste'.
Approximately 5 million tonnes of hazardous waste are produced per annum in the
UK.

Prior to the new legislation, over 250 landfill sites accepted hazardous waste,
operated under a system of co-disposal. Since the EU Landfill Directive was
implemented into UK law, there are less than 10 dedicated landfill sites
currently accepting hazardous waste, representing just over 1 million tonnes of
capacity. The resulting supply and demand dynamic has resulted in a sharp
increase in prices.


This information is provided by RNS
The company news service from the London Stock Exchange

I thought it sounded pretty good, but didn't investigate further

There's no flag on my non streaming stockwatch so thanks for that Al I hadn't seen it.

Is there a flag on the streaming stockwatch as I can't use streaming at work ?

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 :-)