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CWY, CLEANAWAY WASTE MANAGEMENT
blacksheep
post Posted: Oct 25 2019, 09:43 AM
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In Reply To: blacksheep's post @ Oct 17 2019, 08:05 PM

SP down 20.19% currently @ $1.70/share.

AGM Chairman's address may have something to do with this. 1H FY20 earnings flat. Expect 2H FY20 to be stronger than 1HFY20

QUOTE
Due to a combination of lower economic activity, softness in commodity prices versus the first half of
FY19 and a reduction in local Queensland volumes following the introduction of the landfill levy, we
expect earnings in the first half of FY20 to be in line with the first half of FY19.

Based on the confidence we have in the underlying performance of all operating segments, pricing
initiatives in action and cost reductions already implemented, we believe earnings in the second half of
FY20 will be stronger than the first half of FY20 and the corresponding second half of FY19.

https://www.asx.com.au/asxpdf/20191025/pdf/...vskctr4fw5d.pdf



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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: Oct 17 2019, 08:05 PM
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Large late reported crossed trade

QUOTE
1 2,716 6:03:47 pm 204 10,000,000 $20,400,000 Late Reported,Crossed



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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: Oct 11 2019, 11:04 AM
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Posts: 6,548
Thanks: 2266


QUOTE
The recycling sector is undergoing significant structural changes with a move to increase recycling within Australia to support a transition to a circular [elimination of waste] economy."
Vik Bansal, CEO, Cleanaway Waste Management Ltd

= costs. Someone has to pay.



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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
 
blacksheep
post Posted: Oct 9 2019, 09:45 AM
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Cleanaway introduces it's first fully electric vehicle in WA - https://twitter.com/CleanawayAU/status/1181456587409354757
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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: Oct 9 2019, 09:42 AM
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Posts: 6,791
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In Reply To: blacksheep's post @ Aug 15 2019, 02:50 PM

Deal done

ACQUISITION OF SKM RECYCLING ASSETS
QUOTE
Cleanaway Waste Management Limited (ASX:CWY) today advises it is the successful bidder for the
acquisition of the assets of the SKM Recycling Group (SKM) (Receivers and Managers appointed)
(Acquisition). The Acquisition follows the public sale process conducted by KordaMentha, who were
appointed Receivers and Managers of SKM by Cleanaway following the acquisition of the senior
secured debt in SKM, announced on 21 August 2019.

Pursuant to the Acquisition, Cleanaway will acquire the properties, plant and equipment and certain other
assets of SKM for approximately $66 million, subject to customary completion adjustments. Completion
of the Acquisition is expected to occur by the end of October 2019. Sale proceeds will be applied to repay
Cleanaway’s senior secured debt, accrued interest and costs associated with thereceivership.

The Acquisition will provide Cleanaway with a network of five recycling sites, including three material
recovery facilities and a transfer station in Victoria and a material recovery facility in Tasmania. The site
in Laverton North, Victoria includes an advanced plastic sorting facility which separates plastics from
material recovery facilities into clean, individual polymer grades for sale or input into a pelletising
facility. The Acquisition will also include two properties in South Australia which are not currently
expected to form part of future operations and may be sold.

The properties that will be acquired by Cleanaway pursuant to the Acquisition have a current
combined market value of approximately $50 million. Cleanaway expects to offer employment to the
majority of SKM’s full time employees.

Commenting on the Acquisition, Cleanaway CEO and Managing Director Vik Bansal said: “Since the
appointment of Receivers and Managers, significant progress has been made in clearing waste
stockpiles from the sites, repairing plant and equipment and bringing the sites to required safety,
environmental and operational standards. We expect to gradually restore operations in Victoria over the
coming months to provide councils with a quality, sustainable solution for their recycling.
“I would like to acknowledge and thank the Victorian government who helped expedite the clearing of
waste stockpiles and the return to operations at the Laverton North site through the loan provided to
the Receivers.

“The Acquisition provides Cleanaway with a strong recycling platform in Victoria and Tasmania as part
of our Footprint 2025 strategy and our mission of making a sustainable future possible.
“The recycling sector is undergoing significant structural changes with a move to increase recycling within
Australia to support a transition towards a circular economy. The Acquisition provides us with the
infrastructure to capitalise on the growth opportunities created by these changes.”

The Acquisition is not expected to contribute materially to earnings during the current financial year.






--------------------
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: Aug 28 2019, 10:54 AM
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Posts: 6,791
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In Reply To: blacksheep's post @ Aug 27 2019, 04:46 PM

CWY's plans to build a store lithium tailings at their tip near Dardanup in WA not being well received by the local community

QUOTE
The small farming and tourism town of Dardanup, also near Bunbury, is 30km away from the refinery site and 70km from the mine site.

It has got a large tip on its doorstep which already takes tailings from the local titanium processing industry.

But it was the tip's owner and operator Cleanaway's proposal to capitalise on the developing lithium industry and build a specially designed $5 million sealed cell for lithium tailings which has raised concerns in the local community

QUOTE
Designed for 'best practice': Cleanaway
Cleanaway has not confirmed who its potential client is, but it is widely accepted that it is bidding for business from United States lithium giant Albermarle, which owns the processing facility at Kemerton.

The company has stressed in its submission to the WA Environmental Protection Authority (EPA) that the tailings are inert and have been tested by Australian environmental experts.

Cleanaway general manager Damian Burton said every effort had been made to ensure it had a product that was safe and to consult with the community.

"We know exactly the makeup of that material when it comes to the facility," he said.

In July the EPA looked at the proposal and, despite more than 200 submissions pushing for more scrutiny, determined that the likely impacts were not so significant as to warrant formal assessment.

That decision is now being appealed and is before the Office of the Appeals convenor.


read more - https://www.abc.net.au/news/2019-08-28/lith...-waste/11454070



--------------------
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
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


blacksheep
post Posted: Aug 27 2019, 04:46 PM
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In Reply To: blacksheep's post @ Aug 15 2019, 02:50 PM

75mil shares @ $2.00 changed hands
QUOTE
3:08:56 pm 3:08:56 pm 200 75,000,000 4 $150,000,000 1


Big Cleanaway shareholder hits sell via Macquarie
https://www.afr.com/street-talk/big-cleanaw...20190827-p52l3x
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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: Aug 15 2019, 02:50 PM
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Posts: 6,791
Thanks: 2304


Cleanaway eyes stricken SKM Recycling in waste shake-up
extract
QUOTE
Cleanaway chief executive Vik Bansal told The Australian Financial Review that the group would closely examine the assets with a view to acquiring them, because it had the financial firepower and experience to operate them profitably.

https://www.afr.com/companies/infrastructur...20190814-p52h3f

Perhaps the market was spooked by this? SP down currently 12.39% @ $2.085

Quick glance at FY2019 Results seemed positive - https://www.asx.com.au/asxpdf/20190815/pdf/...hc5jhh4mcf0.pdf
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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: Feb 14 2019, 02:54 PM
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In Reply To: nipper's post @ Feb 14 2019, 02:14 PM

QUOTE
defensive, or duopolistic?


Yes -between CWY and BIN they've got the lions share of the waste industry - and the ACCC kept letting them biggrin.gif

Nothing new though, you have the same situation in most of our industries. What's the saying - get big or get out



--------------------
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: Feb 14 2019, 02:14 PM
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Posts: 6,548
Thanks: 2266


QUOTE
Cleanaway Waste Management chief executive Vik Bansal says the group has some of the most attractive defensive fundamentals for investors in any ASX company if the Australian economy keeps slowing.

Mr Bansal said 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 think it's as defensive as you could get," he said on Thursday after the company lifted net profit after tax by 35.1 per cent to $60.8 million for the first half of 2018-19 on the back of solid organic growth and the benefits of the $671 million acquisition of smaller rival Tox Free last year.

... defensive, or duopolistic?



--------------------
"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
 
 


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