BIN Bingo Industries

Is anyone here following BIN? They look after bins - just like their code!
They have been going from strength to strength lately, they knock out a small divi and tend not to have too many on the sell side. I picked up some a little while ago to hold.
Keen to hear if anyone else if looking at these - waste management and recycling is an industry that is probably only going to grow.

I hold these, have done since not long after they hit the ASX300 and think the name is amusing.

Best Wishes
Paper Tiger

The Tartak family confirmed the rumour that they were looking to sell was just "Fake News".
Forward growth projections are high.
China stopping their imports of recycling products will only affect 1% of Bin's revenue.Could work in Bin's favour.
I have taken a small position at au $ 2.6895 per share.

Very good result today,with a positive outlook.

You are going to take up your entitlements percy?

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Originally Posted by Snow Leopard

You are going to take up your entitlements percy?

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At this stage yes..

Hope you are recycling your refuse too?

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Originally Posted by percy

At this stage yes..

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I still have a few more results I am waiting for,before deciding whether to buy/sell anything,or take up the BIN issue.
Still have some cash.
TRA in NZ, with a net dividend yield of 5.24% and a PE of 10.11 looks very tempting.The only trouble is I have a truck load of them.But I love their quarterly divies.
So not rushing to make up my mind.
So far this reporting season I have not had anything that needs to be sold.
MEL and SPK tomorrow,EBO on Thursday,GNE on the 29th .No expecting any surprises.

BIN up 10.8% today to $3.075,,so looks as though I will certainly take up my entitlement.
Trading today XE.

It has BIN a nice little earner so far :cool:.

Very interesting company.

Positives;

RoCE of 20% excellent
Family owned
Generally favourable industry tailwinds (many people environmentally conscious, china no longer taking waste, etc..)
2017 increase in pro forma NPAT was 112% and 2018 was 44.8%


Forecasted 15-20% growth for the next FY which makes purchasing right now at current prices unattractive using the Graham method or others such as PEG (assuming their forecasts come to fruition)

The question is what are the chances they beat the forecast because it looks like the chances are pretty high.

Might be worth taking a serious look at, even moreso if shareprice drops a bit.

Existing shareholders have an entitlement to take up 1 share for every 2.48 shares [approx.40%] at au $2.54.
Today BIN finished up trading at $3.17 XD and XE.
Yes I am surprised,but with such a large capital raise, I too would expect the price to come back once the new shares are issued at $2.54.To what level I do not know.
It will be a very substantial business going forward.
15-20% growth for next year? Looks very light.

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Originally Posted by percy

Existing shareholders have an entitlement to take up 1 share for every 2.48 shares [approx.40%] at au $2.54.
Today BIN finished up trading at $3.17 XD and XE.
Yes I am surprised,but with such a large capital raise, I too would expect the price to come back once the new shares are issued at $2.54.To what level I do not know.
It will be a very substantial business going forward.
15-20% growth for next year? Looks very light.

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On a PE of 31.5 at closing price and even though 15-20% grwth is surely nothng to scoff at not really a screaming buy with those numbers. Would be really interested to hear more of your thoughts.

Management certainly are putting the capital to good use, of that we can be sure

The entitlement date has passed and it's still at $3.15. How long do you think before it heads down a bit when those who took up the entitlement sell some off for easy profit? Unfortunately I was only able to take up half my entitlement

It's still hovering around $3.15ish and the entitlements have all been allocated to those who wanted. I'm happy there hasn't been a sell off, there was 2.5 million traded on Monday (800,000 over the 52 week average volume) and another 1.5 on Tuesday (slightly below avg).
$2.54 is looking like an absolute steal.

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Originally Posted by Radler

It's still hovering around $3.15ish and the entitlements have all been allocated to those who wanted. I'm happy there hasn't been a sell off, there was 2.5 million traded on Monday (800,000 over the 52 week average volume) and another 1.5 on Tuesday (slightly below avg).
$2.54 is looking like an absolute steal.

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Yes we certainly did well.
The current sp is holding up a lot better than I expected.
Nice.!