Additional contract wins announced last week underpin the progress of green waste specialist TEG Group, whose shares have come up from the 121.5p at which I recommended them in February (with the advice to buy on a pullback, they subsequently touched 114p) to 139p now. One of the contracts is a fill-in while TEG and its partners wait for the PFI contract with Greater Manchester Council to be signed and sealed. The other represents the first business for the new Todmorden waste processing facility. TEG says it has other contracts under negotiation that should be sufficient to fill the first two lines at Todmorden when it opens for business in April. Continue to hold.
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