Following the announcement of a dispute with HMRC and a recent profit warning, the shares have fallen 47% to the point where significant value has now emerged. With the subsequent appointment of a new board (who own c25% of Augean), management will seek to improve shareholder value. Already, annualised cost savings of £3m have been identified and will lead to a reduction in the complexity of the business and a streamlining of reporting lines. We also argue that Augean could raise £
07 Nov 2017
Value remains - how will it be realised?
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Value remains - how will it be realised?
- Published:
07 Nov 2017 -
Author:
Andy Smith -
Pages:
13
Following the announcement of a dispute with HMRC and a recent profit warning, the shares have fallen 47% to the point where significant value has now emerged. With the subsequent appointment of a new board (who own c25% of Augean), management will seek to improve shareholder value. Already, annualised cost savings of £3m have been identified and will lead to a reduction in the complexity of the business and a streamlining of reporting lines. We also argue that Augean could raise £