Smelly shares - Composting and Waste March 5, 2006
Posted by CamdenKiwi in : Environment, Investing , trackbackI’ve got one more unit of shares to buy before the taxman’s contribution to my SIPP arrives, and I thought I’d look at TEG Environmental, a company specialising in composting, which has started to get a few reasonable contracts for its Silo-Cage composting system. Investors Chronicle have good things to say, there is a reasonable level of liquidity and they are starting to bring in some cash. However, their shares have rocketed from 70p to 85p in the last few weeks, possibly due to news about a new partnership with Glendale Parks Management, which will help them get more business with local authorities, and possibly because of the publicity they’ve had in the press. I’m going to watch this for a few weeks and see how it goes.
While looking at TEG, I stumbled upon Straight, who manufacture all sorts of useful plastic things for recycling and composting. They’re involved in some inovative schemes including kerbside collection of kitchen waste for composting. They also have decent liquidity, profits, improving cashflow and cash at hand. They even pay a small dividend. I’ve put in limit order for this for tomorrow morning.
Comments»
no comments yet - be the first?