Logo
Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome to ShareScene - Talk Shares And Take Stock With Australia's Sharemarket Community - New Here? Click To Register >

Important Notice For All Members - ShareScene Is Moving

  
 
  
Reply to this topic

BIN, BINGO INDUSTRIES LIMITED
nipper
post Posted: Dec 3 2018, 07:36 AM
  Quote Post


Posts: 5,039
Thanks: 1878


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: 5,039
Thanks: 1878


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: 5,039
Thanks: 1878


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: 5,074
Thanks: 2039


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: 5,039
Thanks: 1878


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: 5,074
Thanks: 2039


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: 5,039
Thanks: 1878


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
 
nipper
post Posted: Feb 27 2018, 08:55 PM
  Quote Post


Posts: 5,039
Thanks: 1878


Bingo Industries Limited (BIN) is a waste management and recycling company operating predominantly in New South Wales. It is a vertically integrated waste management operator having capabilities across the waste collection, processing, separation and recycling components of the waste value chain.

- MC pushing $1bill
QUOTE
Waste management group Bingo Industries has lifted prices twice in the past eight months to counter rising costs in an industry where waste volumes are growing rapidly through soaring population growth in Sydney and Melbourne and a mountain of demolition rubble from major infrastructure rebuilds.

Bingo chief executive Daniel Tartak said costs were rising across the industry because of higher tipping fees at landfill sites, higher energy bills, increases in tolls on major freeways and heavier compliance burdens as governments and authorities sought to improve recycling rates. "Costs in the industry are rising for everyone," he said.

Bingo had implemented price rises of about 5 per cent last July and then again in February to claw back the extra imposts. Mr Tartak said a landfill shortage was looming and that was why Bingo was spending $200 million to double its network capacity to 3.4 million tonnes by 2020.

"At the moment the industry is very busy. There is a capacity issue in the market and that is only going to get worse," he said. Infrastructure spending by governments and private companies on the eastern seaboard presented huge opportunities for Bingo, with infrastructure contract wins meaning that 16 per cent of revenue from its building and demolition collections revenue now came from infrastructure, compared with 8 per cent in May.


Bingo listed on the ASX on May 3 after raising $440 million in a float, where most members of the extended Tartak family sold down their stakes in a business built up by the family from 2005. The Tartak family still owns about 30 per cent of the listed company. The issue price of the shares was $1.80. Its shares sat at $2.48 on Tuesday, ending the session 2 per cent lower.The company on Tuesday announced that net profit for the first half of 2017-18 was up 30.1 per cent to $17.8 million, and that revenues were up 43 per cent to $141.7 million. Mr Tartak said Bingo was on course to deliver on its prospectus forecasts and that was important for a new ASX entrant. "I want to build credibility with the market."

The company will pay a maiden interim dividend of 1.72¢ on March 29. Mr Tartak said the family would be re-investing their dividends into the company. "This is a growth story," he said.

Bingo now has 253 of its distinctive orange-coloured collection trucks on the road, up from 173 in June. Mr Tartak said the recycling import ban imposed by China would have little impact on Bingo, because paper, cardboard and plastics represented less than 1 per cent of its revenues.

Bingo in late November spent $141 million on acquisitions to double its future capacity. Part of that was the $90 million purchase of a 60-hectare Patons Lane site in western Sydney that has approval for the development of a recycling centre and a rubbish dump for waste from building and demolition and industrial sites.

It gives Bingo an option to divert waste to that site if the Queensland government changes regulations and imposes a landfill levy on the trucking of waste to Queensland from NSW by waste management companies, which transport an estimated 1 million tonnes annually to the Sunshine State. It is earmarked to begin operating in July 2019.

Bingo has also acquired NRG, a building and demolition recycling and waste management business that operates in NSW and Victoria where it services 300 customers. It operates brands including DATS Environment Services, Melbourne Recycling Centres and Harpers Bin Hires brands. Bingo paid $51 million for NRG.

Industry experts believe it is inevitable the Queensland government will impose a landfill levy in that state. The spotlight is increasingly on the widespread industry practice of companies trucking NSW waste across the border for disposal at Queensland landfill because it is cheaper to do so.

Bingo has a five-year plan to build a national network within five years. It spent $53 million in August to acquire Konstruct Recycling, Resource Recovery Victoria and AAZ Recycling.
Read more: http://www.afr.com/business/infrastructure...r#ixzz58IxZBZds





--------------------
"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
 
 



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