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TOX, TOX FREE SOLUTIONS LIMITED
blacksheep
post Posted: Dec 13 2017, 10:37 AM
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In Reply To: blacksheep's post @ Dec 12 2017, 02:28 PM

Shortman shows two notable short alerts this week
Tue 12th Dec, 2017 2,085,119 194,418,716 1.07% 8,544,596 24.40%
Mon 11th Dec, 2017 1,035,929 194,418,716 0.53% 12,332,224 8.40%
https://www.shortman.com.au/stock?q=TOX

QUOTE
UBS rates TOX as Downgrade to Neutral from Buy as the stock is trading largely in line with valuation. Target is raised to $3.50 from $2.85.

The broker believes Cleanaway's bid goes a long way to closing the valuation gap and peers may not be able to extract the same synergies, or be too heavily geared, to make a counter bid.


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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Dec 12 2017, 03:27 PM
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In Reply To: blacksheep's post @ Dec 12 2017, 02:28 PM

seeing the number of ToxFree and VacVator trucks at work on OUR light rail, doing the urban rebuild (a large part of the work and most of the problems are around relocation of existing services), and the big infrastructure spend likely to accelerate across the nation, they're onto a winner
QUOTE
Hydro-Vacuum excavation is a proven method of exposing utilities and other underground items within a few metres of the surface, in a safe and environmentally low impact manner.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: blacksheep  
 
blacksheep
post Posted: Dec 12 2017, 02:28 PM
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In Reply To: blacksheep's post @ Dec 11 2017, 09:47 AM

Brokers Keen On Cleanaway-Tox
Australia | 12:41 PM
QUOTE
Cleanaway Waste Management intends to acquire Tox Free Solutions, consolidating Australia's waste management industry, and brokers are largely positive about the merger.

-Significant areas in common but broadens Cleanaway's geography and exposure
-Synergies need to be realised to generate real value
-Unlikely another competitive bid for Tox Free will emerge


read more - https://www.fnarena.com/index.php/2017/12/1...-cleanaway-tox/
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 11 2017, 09:47 AM
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extract from SMH..

QUOTE
There's a bit of deal news around this morning, with Cleanaway Waste Management offering to buy smaller rival Tox Free Solutions for $3.425 a share in cash, valuing Tox at $671 million on a diluted basis.

The Cleanaway offer is at a 20.6 per cent premium to Tox's closing level on Friday of $2.84.

Under the deal, Tox shareholders would e entitled to receive an interim dividend of $0.05 a share in fiscal 2018, the company said in a statement.

In a separate statement, directors of Tox Free said they unanimously recommended that shareholders vote in favour of the Cleanaway offer.

http://www.smh.com.au/business/markets-liv...210-h028dm.html

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nifty49
post Posted: May 20 2013, 04:38 PM
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In Reply To: whirl's post @ Feb 7 2013, 10:32 PM

In for the SPP @ $3.16. A bargain!

 
whirl
post Posted: Feb 7 2013, 10:32 PM
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In Reply To: nifty49's post @ Jan 3 2013, 03:47 PM

Im surprised this isn't mentioned more in the active topics.
Slow and steady... but sometimes jumps well!
People have a look and see what you think.


bought and sold since the early days. In the low 20s i think. Now a hold, almost (almost just in case it flops!!) forever!

 


nifty49
post Posted: Jan 3 2013, 03:47 PM
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As a long term holder of TOX I thought I should note that it closed above $3 today for an ATH.

With a regular dividend, TOX has been one of the best in my stable!

Nifty

 
nifty49
post Posted: Feb 24 2012, 05:17 PM
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In Reply To: nifty49's post @ Jan 5 2012, 06:07 AM

Disappointed to read SPP has been scaled back 50% of those who participated.

Good news is the unfilled demand!

Nifty

 
nifty49
post Posted: Jan 5 2012, 06:07 AM
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Meteoric rise no hazard for Tox Free
Peter Williams, The West Australian
January 4, 2012, 6:26 am


If there are people who fear ambitious industrial waste manager Tox Free Solutions is growing too fast, managing director Steve Gostlow isn't one of them.

After snapping up small players in a relentless national expansion, Mr Gostlow has taken the WA company to a new level with his latest deal.

The $53 million buyout of four east coast firms from DoloMatrix International will result in Tox Free emerging as Australia's leading hazardous waste business and a rival to dominant industrial waste handlers Transpacific and Veolia Environmental Services.

The move follows Tox Free's buyouts last year of Waste Solutions in the Northern Territory, Pilbara Waste and Queensland's Mackay Maintenance Services.

The DoloMatrix deal will be the biggest bolt-on for Tox Free since a 2008 spree culminated in the $25 million purchase of east coast cleaning business Barry Bros.

"There was criticism we were spending a lot on corporate costs while we were still growing," Mr Gostlow says. "After Barry Bros we did take a bit of a breath and just really focused on getting the foundations set.

"Now we're off again. I'm probably more comfortable or confident now in our ability to grow quite rapidly, definitely."

The DoloMatrix purchase has been partly funded by a $27 million placement to institutions and a share purchase plan Mr Gostlow expects to raise $5 million to $7 million.

In addition to new technology, customers and markets, acquisitions in this industry also bring the vital asset of local government- issued licences to handle hazardous waste.

"The licences create a high barrier to entry," Mr Gostlow says. "That's why we like to acquire other companies because if you try to get a licence, it takes forever."

On top of hazardous waste, the managing director wants Tox Free to become the top waste management player in regional resource hubs, cleaning up mine and oil and gas sites.

It wants to provide full waste management services for the blue-chip clients already on its books, which include BHP Billiton, Rio Tinto, Woodside and Chevron.

Longer term, Mr Gostlow said he hoped to capture 15 per cent of the estimated $4 billion regional market and achieve net profits in the range of $80 million to $100 million.

 
nifty49
post Posted: Dec 21 2011, 08:55 AM
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In Reply To: OZGAZ's post @ Dec 15 2011, 07:41 PM

TOX - TOX FREE SOLUTIONS LIMITED

RBS Australia rates TOX as Buy (1) - Target $2.60 (was $2.44). Tox has bid for the assets of DoloMatrix ((DMX)) and RBS suggests the deal is attractive as it should boost margins and expand Tox's hazardous waste division.
To reflect the proposal RBS has adjusted its earnings forecasts and price target higher and retains a Buy rating on Tox.

Target price is $2.60 Current Price is $2.15 Difference: $0.45 If TOX meets the RBS Australia target it will return approximately 21% (excluding dividends, fees and charges).

The company's fiscal year ends in June. RBS Australia forecasts a full year FY12 dividend of 4.00 cents and EPS of 19.00 cents . At the last closing share price the estimated dividend yield is 1.86%.

At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.32.


 
 


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