Wasteco Group Ltd ---WCO

[Cabinet]

Thanks for that BlackPeter, always interesting to hear from someone who was actually at the meeting. I have a very small holding which I bought at 6c but have no plans, as yet, to top up.

[Rawz]

Good work BP, good summary, very helpful post

[Sideshow Bob]

https://www.stuff.co.nz/southland-ti...for-87-million

[BlackPeter]

https://www.stuff.co.nz/southland-ti...for-87-million

Interesting - well, its obviously not news - all the info has been released more a month ago:

https://www.nzx.com/announcements/416225

... but I am wondering why stuff tries to sell it as "new" - slow news day or do they really need more than a month to process a quite simple NZX announcement?

[Ricky-bobby]

https://businessdesk.co.nz/article/m...wth-of-wasteco “That’s money” haha live it

[percy]

I drove past their Blenheim Road yard on Monday.
I lot of expensive vehicles sitting there idle.
Idle vehicles are not generating income.

[BlackPeter]

I drove past their Blenheim Road yard on Monday.
I lot of expensive vehicles sitting there idle.
Idle vehicles are not generating income.

Funny, I made the same observation on a recent Friday early afternoon after the AGM. Somebody needs to find out at which times they actually employ their expensive vehicles ...

[Ricky-bobby]

Might be in there busy sorting rubbish Percy!

[percy]

Might be in there busy sorting rubbish Percy!

Big trucks/equipment sitting idle would take a huge amount of profitable rubbish to fund.
Would be interesting knowing what % of their fleet is working on any day.
OK their fleet does look good.

[BlackPeter]

Big trucks/equipment sitting idle would take a huge amount of profitable rubbish to fund.
Would be interesting knowing what % of their fleet is working on any day.
OK their fleet does look good.

Their fleet looks good, this is true. Some would say - much better than their books ...