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Biffa Plc, BIFF: 7.3% Profits Taken

Idea Profits Taken

PositionTickerDirectionCloseOpenCloseProfit
BiffaBIFFBuy15/02/20212332507.3%

Idea Summary

PositionTickerTypeDirectionDatePriceTargetStop
Biffa PlcBIFFTradingBuy08/02/2021233250220

Idea Background

Biffa has been in a broad recovery following Covid last year, blue region. Price action has recently weakened down to the lower end of the 100 and 50 period ranges, red and green regions, but has found enough support to hold the longer term trend.

Providing a positive outlook for Biffa using the the longer term trend as support and stop areas. Buy Biffa, looking for the underlying trend to remain, and look for moves to its recent highs around 250, with stops down around 220, as moves down to 220 would start to question the longer term positive outlook.

Weekly Chart

Company Profile

Biffa plc provides waste management services in the United Kingdom. The company operates in two segments, Collections and Resources & Energy. It is involved in the collection, recycling, treatment, processing, and disposal of waste; and production of energy, as well as production and sale of recovered commodities, such as energies, papers, glasses, metals, and plastics. The company offers general waste collection, dry mixed recycling, food waste collection, single stream recycling, hazardous waste collection and treatment, unplanned waste removal, skip hire, asbestos waste disposal, and bin cleaning services for businesses in sectors, including the construction, facilities management, hospitality and events, logistics waste solutions, manufacturing and production, public, retail waste management, and utilities.

It also provides household waste service, such as recycling collections, refuse collection, street cleansing, food collection, bulk haulage, waste transfer station, and household waste recycling center services; waste electrical and electronic equipment, and textile collections; domestic tanker cleaning services; and environmental consultancy services and producer responsibility compliance schemes. The company operates 2,800 vehicles. Biffa plc was founded in 1912 and is headquartered in High Wycombe, the United Kingdom.

Analyst Coverage

Fundamental Data

Ratios25.03.16(£m)24.03.17(£m)30.03.18(£m)29.03.19(£m)27.03.20(£m)
PE Ratio--16.1330.8310.42
PEG----0.760.07
EPS Growth----0.40821.5417
Div Cover---17.41
Rev. per share3430.30p814.77p423.71p437.68p466.52p
Profit per share10.73p-15.38p15.07p8.62p22.62p
Op. margin0.04770.01220.0580.04160.0637
ROCE-0.01940.09170.06150.0852
Div Yield---0.03240.013
Div Growth-----0.6569
NAV per share-0.52p9.60p7.60p32.72p
Net Gearing148.79410.99420.93460.981.1358

Technical Analysis Guide

Please review the Research2 Technical Analysis Guide for more in depth explanations of most of the techniques used in our coverage.

Remember the Rules

Please also remember to regularly review the Research2 Trading Rules. Even when following the rules trading in the markets is difficult, attempting to trade the markets outside of the rules, just makes it even tougher. Target Zones and Stop Areas are provided for general reference, all actual stop and target areas need to be fine tuned by the individual traders, in line with their own risk profile, and once the Trading Rules have been followed and individual position sizing calculated.

Our Analysts

Research2 has over 50 years combined experience in various dealing rooms. Alex Neale is our co-founder and Senior Analyst and has over 20 years experience within the dealing rooms of various investment banks.

Alex graduated with a first, and top of his year, at University with his Business Studies degree, and also came top of the year in the Financial Management course, and won awards for the best coursework in the Financial Management course and also for best performance in exams overall. 

He is also one of the most qualified Technical Analysts working in the market today. Having secured qualifications from the three major global Technical Analysis bodies. The Society of Technical Analysts (STA), The Chartered Market Technician award from the Market Technicians Association (MTA) and the Master of Technical Analysis (MFTA) from the International Federation of Technical Analysts (IFTA), where he gained the Brooks Memorial Award for the best peer reviewed paper of the year. Click here to read the award winning peer reviewed paper. Alex is also a Chartered member of the CISI (MSCI) and fully qualified to give derivatives investment advice. 

So in terms of dealing experience, qualifications, fundamental knowledge and technical expertise, Alex has it covered. 

Disclaimer

This note is issued by Research Squared Ltd (Research2).  This note is prepared and distributed for information purposes only,  as the specific needs and investment objectives of each individual reader have not been taken into consideration. This note may contain information obtained by Research2 from third parties; the source of information will usually be disclosed.  

Research2 makes no representation and gives no warranty as to the accuracy or completeness of the contents of this note.  Any person placing reliance upon this note does so at their own risk. Research2, its officers, employees and affiliates shall not be liable to any person in any way whatsoever for any losses, costs or claims arising from any inaccuracies or omissions in this note or any reliance on this note. This note should not be considered to be a solicitation, nor the offer of advice, for the purposes of the sale or purchase of any security, investment or derivative. 

The information contained in this note is not intended to form the basis of any investment decision as the specific needs and investment objectives of each individual reader has not been taken into consideration and so this note should not be considered as a recommendation by Research2 or any other person in relation to any of the companies, stock, commodities, currencies or other markets referred to in this note. The information contained in this note has not been verified by Research2 and Research2 undertakes no obligation to provide recipients of this note with any additional information or any update to or correction of the information contained in this note. This communication is not intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.

Please note the value of investments and any income derived from them can go down as well as up and the value of an investor’s investment may be subject to sudden and substantial falls. Past performance is not an indicator of a future positive performance. If in any doubt, consult an independent adviser to ensure you understand the products and are fully aware of the risks involved. 

This document is being communicated by Research Squared Ltd, a limited company incorporated under the laws of England and Wales. Company Number 12924446; registered office address Penstraze Business Centre, Chacewater, Cornwall, TR4 8PN. In the United Kingdom it is only being provided to those persons to whom it may lawfully be issued under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005.

Charts provided by Tradingview.com

Fundamental Data provided by Yahoo Finance and FTSE Russell Data Solutions


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