Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

2 Pages (Click to Jump) V   1 2 >   
 
  
Reply to this topic

BIN, BINGO INDUSTRIES LIMITED
nipper
post Posted: Feb 18 2019, 03:32 PM
  Quote Post


Posts: 5,224
Thanks: 1924


In Reply To: nipper's post @ Feb 18 2019, 10:34 AM

QUOTE
BINGO’s managing director and chief executive officer, Daniel Tartak ....... remains positive on the company’s outlook.

He said: “While we have seen headwinds in some of our key markets in FY19 we expect the construction market to remain strong, with overall volumes of construction activity in NSW and Victoria of over $130 billion.”

Before adding: “FY20 will be a transformational year for BINGO as we achieve several key milestones in our redevelopment program, including the commencement of operations at our new recycling and landfill asset, Patons Lane.”

Should you buy the dip?
Whilst this update was hugely disappointing, I think the selloff has been an overreaction and potentially created a buying opportunity today.

However, a lot of this rests on whether the ACCC approves its acquisition of Dial a Dump Industries. I believe this acquisition will position the company well for long-term growth, so investors may want to hold out until this decision is made on February 28.
Motley Fool



--------------------
"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
 
nipper
post Posted: Feb 18 2019, 10:34 AM
  Quote Post


Posts: 5,224
Thanks: 1924


In Reply To: nipper's post @ Feb 18 2019, 09:13 AM

Just recently, Cleanaway CEO Vik Bansal said
QUOTE
....the many long-term rubbish-collection contracts it has with local councils and the size and scale of its operations mean it is very resilient to any economic downturn.

- I guess that's the problem with trying to buy market share



--------------------
"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
 
nipper
post Posted: Feb 18 2019, 09:13 AM
  Quote Post


Posts: 5,224
Thanks: 1924


Rubbish stock
QUOTE
Whilst BINGO’s post-collections and Toro business units have performed in-line with expectations in the first half of FY19, the following factors will impact BINGO’s full year result:
• A faster than anticipated softening in multi-dwelling residential construction activity across BINGO’s key markets in NSW and Victoria. Volumes in our Building & Demolition (B&D) collections business were above the previous corresponding period, but have not grown as much as initially forecast. In addition, competition in the B&D collections market has put downward pressure on pricing, impacting our margins.
• No BINGO price rise in FY19. BINGO’s forecasted price rise was delayed to coincide with the introduction of the Queensland waste levy, in order to ensure our customers received only one price increase during the year. Due to the delay in the introduction of the Queensland levy, together with the softening residential market, BINGO has decided not to implement a price increase until FY20
. As a result, we will absorb increased costs for the whole of FY19, including tipping and transport, that would ordinarily becovered in the price rise.
• Reconfiguration of our development projects. As previously advised, BINGO has had a number of its recycling facilities in NSW and Victoria offline for redevelopment as part of its network expansion program. Based on the proposed acquisition of DADI and pending regulatory reforms, including comprehensive new fire regulations, a further review of the network configuration plan was conducted. This has resulted in a change in scope to certain projects, impacting timing. The reconfiguration will deliver enhanced operational efficiencies and lower the overall capital program by $25 million to $30 million, a saving of 15%-20% on the original budget. In order to achieve this, the reopening of our Mortdale facility will now occur in H1 FY20, whilst the requirement to redevelop our Minto facility is currently under review. Our Patons Lane redevelopment remains on track, and our West Melbourne facility will commence operations in April 2019. Once open, this facility will provide Bingo with the first of our advanced recycling facilities in Victoria and is an important step in our margin expansion in Victoria.

The combination of the above factors will result in a reduction to our full year guidance for the financial period ending 30 June 2019. BINGO now expects underlying EBITDA for the full year ending 30 June 2019 to be broadly in line with the previous year. This compares with the Company’s prior guidance of underlying EBITDA growth in the range of 15%-20%.
::- down 40%



--------------------
"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
 
nipper
post Posted: Dec 3 2018, 07:36 AM
  Quote Post


Posts: 5,224
Thanks: 1924


QUOTE
Bingo has been upfront about its acquisition plans – it wants to expand along the east coast, consolidate a sector which is benefiting from waste generation growing at six times population growth and and build out other parts of its business.

But like many roll-ups, the pace of acquisition obscures the underlying numbers and makes it hard for investors to understand how the business really is tracking...
https://www.afr.com/business/infrastructure...20181127-h18ek7



--------------------
"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
 
nipper
post Posted: Nov 20 2018, 08:08 AM
  Quote Post


Posts: 5,224
Thanks: 1924


QUOTE
A vast amount of mixed commercial waste left over from demolition jobs could be diverted from landfill if the competition regulator allows Bingo Industries to acquire rival Dial-A-Dump Industries in a $578 million deal.

QUOTE
at present about half of the mixed commercial waste, including chairs, tables, electronic products, textiles, pallets, shelving and industrial plastics, from various commercial buildings, hotels, service stations and offices demolitions in the greater Sydney region was dumped into landfill. "The economics of processing mixed commercial waste is quite challenging," Mr Ritchie told The Australian Financial Review. "More of it should and could be recycled".


QUOTE
Bingo chief executive Daniel Tartak said in August the buyout of Dial-A-Dump would enable Bingo to expand its offerings and broaden its customer base. It wants to centralise its recycling, processing, distribution and landfill at a single site to deliver economic benefits.
- more trucks on the road.



--------------------
"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
 
nipper
post Posted: Sep 1 2018, 12:06 PM
  Quote Post


Posts: 5,224
Thanks: 1924


QUOTE
Waste management company Bingo Industries has acquired Dial A Dump Industries for $578 million to add extra muscle to take on heavyweights including multinational players Veolia and Suez and ASX-listed Cleanaway in a fiercely competitive sector where scale is becoming increasingly important.

Bingo chief executive Daniel Tartak said the acquisition was important in a sector where rivals were also expanding.

"Scale and size is important if you want to compete at a national level," Mr Tartak said.

Dial A Dump founder Ian Malouf will hold a 12 per cent stake in the enlarged Bingo, which is raising $425 million at $2.54 a share to help fund the acquisition. He will join the Bingo board.

QUOTE
Dial A Dump is a fully integrated recycling and waste management business in NSW which owns the biggest landfill and waste recycling plant in the southern hemisphere at Eastern Creek in western Sydney. Mr Malouf and a handful of minority shareholders will be paid $378 million in cash and be issued with $200 million in Bingo shares.

Bingo is also buying the Genesis Transfer Station in Alexandria in Sydney's inner city and a collections fleet of 55 vehicles. The Genesis Waste Facility at Eastern Creek is on a huge site covering 55 hectares.

Bingo expects synergies of $15 million by putting the two businesses together. "We've done the maths and we're confident in the numbers," Mr Tartak said.

Bingo has been highly acquisitive since it listed on the ASX in May, 2017 but this purchase is its biggest to date...




--------------------
"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
 


blacksheep
post Posted: Aug 16 2018, 12:27 PM
  Quote Post


Posts: 5,444
Thanks: 2084


In Reply To: nipper's post @ Aug 13 2018, 09:12 PM

Bingo Response to AFR article
QUOTE
Bingo Industries Limited (“Bingo”) (ASX code: BIN) notes the speculation in today’s Australian
Financial Review.
Bingo is continually reviewing opportunities that align with its strategy to maximise shareholder returns.
This has included discussions with various parties, including Dial-A-Dump, regarding potential
acquisitions.
While Bingo believes there is significant merit in a potential acquisition of Dial-A-Dump, Bingo would
only enter into a transaction on terms that deliver appropriate value for Bingo shareholders. This would
include a requirement that any transaction be EPS accretive.
In relation to the funding of any acquisition, Bingo notes:
• any transaction would include a significant scrip component issued to the vendors; and
• any equity raising required to fund the cash consideration would be structured as an
underwritten entitlement offer, in which Bingo CEO Daniel Tartak would participate.
There can be no assurance that any transaction will result from any discussions with Dial-A-Dump.


Notable short alert yesterday
QUOTE
Wed 15th Aug, 2018 4,314,342 414,883,467 1.04% 5,137,789 83.97%

https://www.shortman.com.au/stock?q=BIN
Attached thumbnail(s)
Attached Image


 




--------------------
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: Aug 13 2018, 09:12 PM
  Quote Post


Posts: 5,224
Thanks: 1924


PE near 40 ... everyone's hoping for a good result .



--------------------
"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
 
blacksheep
post Posted: Aug 13 2018, 08:22 PM
  Quote Post


Posts: 5,444
Thanks: 2084


In Reply To: nipper's post @ Aug 13 2018, 08:06 AM

Hopefully the Tartak family stick to their word - unlike some others who stated they would not sell, but did

The Young Rich Lister rubbishing the shorts
QUOTE
Like fellow Young Rich Lister Nicholas Molnar, Bingo Industries CEO Daniel Tartak is taking it to the short sellers


QUOTE
It's the stock rubbishing the short sellers.

Waste management group Bingo Industries has become a favourite of the short sellers over the past few months. But, to their dismay, it has proved resilient. In the past year Bingo shares have rallied nearly 50 per cent. Over the same time the short position in the stock has built from 1.8 per cent to 8.6 per cent, with the short position gathering pace over the past few months.

https://www.afr.com/leadership/afr-lists/yo...20180813-h13vyy
https://www.shortman.com.au/stock?q=bin
Attached thumbnail(s)
Attached Image


 




--------------------
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: Aug 13 2018, 08:06 AM
  Quote Post


Posts: 5,224
Thanks: 1924


On August 21, just over 104 million shares in Bingo Industries will be released from escrow when the environmental to waste management solutions business issues its own full-year earnings.

QUOTE
Bingo scotched speculation last month that the Tartak family may look to sell down some of its 30 per cent holding following the expiry of the voluntary period, noting the family had no intention of exiting its stake.

Bingo chief executive Daniel Tartak has 17 per cent of the company and said he was committed to holding on to his shares. The company repeated that intention in a late filing to the ASX on Friday where it issued details of the quantity of escrowed shares.

Bingo shares have declined by 8.5 per cent since hitting a year high of $2.95 on July 6 to close at $2.70 on Friday. Shares in the company, one of the top 20 more shorted stocks in the ASX according to shortman.com.au, listed at $1.80.



--------------------
"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
 
 


2 Pages (Click to Jump) V   1 2 >

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING