Outlook: Sweet spot for growth
With yet another set of strong results behind Augean, it is clear that the strategy put in place by CEO Stewart Davies is paying dividends. We believe Augean will embark on an accelerated growth strategy in the coming years, with the potential to invest c £21m (c 50% of its market cap) funded by re-leveraging its balance sheet. This, combined with management’s solid track record to improve returns, places Augean in a sweet spot to take advantage of any external growth opportunities. We see upside risk to Augean shares in the long term.Augean is engaged in waste management businesses. Co.'s business units are: Energy & Construction, which disposes air pollution control residues, asbestos and other contaminated waste materials and soils; Radioactive Waste Services, which treats and disposes low level radioactive waste; Industry & Infrastructure, which is engaged in the recovery and recycling of oil and solvents and the generation of secondary liquid and solid fuels from waste; Augean Integrated Services, which provides total waste management; and Augean North Sea Services, which provides drilling waste management, production waste management, onshore & marine industrial services, decommissioning and water treatment.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.