Augean (AUG)

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FTSE AIM All-Share

 371.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 375.00p
  • 52 Week Low: 170.00p
  • Currency: UK Pounds
  • Shares Issued: 104.97m
  • Volume: 320,343
  • Market Cap: £389.97m
  • RiskGrade: 221

HMRC to repay £1.6m in landfill tax to Augean

By Josh White

Date: Monday 26 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Waste management business Augean has been notified by HMRC that it will be repaying £1.6m of landfill tax to the company, it announced on Monday.
The AIM-traded firm said the amount related to a single biomass customer, and was part of the £40.4m of disputed landfill tax assessments which the group paid in full in December.

It said it was intending to seek interest and costs from HMRC, in addition to the repayment.

The repayment would be treated as an exceptional profit in the group's results for the year ending 31 December, the board said.

Augean added that it was awaiting the decision of another, "more significant" element worth around £16m of the disputed landfill tax from the First Tier Tax Tribunal, which was heard in September.

"The group is pleased to have received notification of HMRC's repayment," said chairman Jim Meredith.

"Nonetheless it is disappointing that the process with regard to this small element of the overall claim has taken more than three years to reach the right outcome.

"Based on legal advice received, we continue to maintain our position that we have correctly collected and paid the appropriate landfill tax throughout, and we will continue to robustly challenge the disputed remaining assessments that have been paid in full through the tax tribunal system."

At 1549 GMT, shares in Augean were up 6.48% at 203.9p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Augean Market Data

Currency UK Pounds
Share Price 371.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 375.00p
52 Week Low 170.00p
Volume 320,343
Shares Issued 104.97m
Market Cap £389.97m
RiskGrade 221

Augean Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
41.59% below the market average41.59% below the market average41.59% below the market average41.59% below the market average41.59% below the market average
28.71% below the sector average28.71% below the sector average28.71% below the sector average28.71% below the sector average28.71% below the sector average
Price Trend
96.73% above the market average96.73% above the market average96.73% above the market average96.73% above the market average96.73% above the market average
94.69% above the sector average94.69% above the sector average94.69% above the sector average94.69% above the sector average94.69% above the sector average
Income
49.77% below the market average49.77% below the market average49.77% below the market average49.77% below the market average49.77% below the market average
17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average
Growth
63.90% above the market average63.90% above the market average63.90% above the market average63.90% above the market average63.90% above the market average
64.49% above the sector average64.49% above the sector average64.49% above the sector average64.49% above the sector average64.49% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Augean Dividends

  Latest Previous
  Final Final
Ex-Div 15-Jun-17 02-Jun-16
Paid 29-Jun-17 10-Jun-16
Amount 1.00p 0.65p

Trades for 24-Sep-2021

Time Volume / Share Price
16:36 25,000 @ 370.00p
15:43 22,000 @ 370.00p
16:40 25,000 @ 370.00p
15:28 7,500 @ 369.05p
16:23 3,800 @ 375.00p

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