Augean has announced the sale of its East Kent high temperature incinerator (HTI) to Wastecare Ltd, a customer of the group, saving it the time and cost of mothballing the facility. Augean will receive £3.35m in cash, with £1.0m due immediately and £2.35m within three months, generating a profit on sale of £2.5m. We have updated our forecasts to remove planned closure costs for the HTI and to reflect the exceptional profit on sale. This has increased our estimate for net cash to £17.0m for 2019. ....
