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Augean - Hazardous landfill operator benefots from new legislation

August 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

We think that environmental plays are going to become increasingly sought after investments on the stockmarket. We recommended Agcert last month for its exposure to emissions reduction and this month?s second main recommendation is Augean, which operates landfills for hazardous waste. Like Agcert, Augean?s business is being driven by new legislation. When we talk about hazardous waste, you might think we mean nuclear waste or glowing green slime but in fact we?re referring to much more prosaic items. The Hazardous Waste Regulation, introduced a year ago, has just extended its scope of what is classed as hazardous to include fluorescent tubes, computer monitors, batteries and fridges. It also became illegal to consign hazardous and ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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