BINGO INDUSTRIES LIMITED - ASX: BIN

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ASX investor profile picture
ShareShack user name hidden until logged in February 28
Great news for Bingo today with its acquisition to buy Dial a Dump approved by the ACCC. I personally think it’s a great long term hold at the current price....Show more
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ShareShack user name hidden until logged in February 19
UBS has a price target of $2.20 on Bingo. They reckon it’s been oversold. Trading on a p/e of 12x. They say that even if the Dial a Dump transaction doesn’t get approached that if they do a share buy back at the current price, the earnings per share will only be slightly dilutive compared to if they buy Dial a Dump. I am going to hold and may top up....Show more
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ShareShack user name hidden until logged in February 19
Bingo yesterday; today Blackmores price has been smashed (though not nearly as bad as BIngo which was down almost 50%!)

That’s what happens to high growth businesses trading on high valuation multiples when the growth either isn’t there (in the case or Bingo) or is below the markets expectation (in Blackmores case)

The question is whether both are now buying opportunities due to a market overreaction ?

Unfortunately I was already holding Bingo before it fell 50%- fortunately only a small part of my portfolio. I don’t think there’s any point in selling, though I want to better understand the implications to the business
if their acquisition to buy Dial a Dump isn’t approved by the ACCC.

I will have a good look at Blackmores today. My concern is they’re in a highly competitive space selling a generic product and have simply riden the China growth story- which is now a different story (it’s slowing!). Thus the valuation multiple contraction we’ve seen reflected in today’s share price fall could be warranted.
...Show more
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ShareShack user name hidden until logged in February 18
Absolutely murdered today on BIngo 😢...Show more
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ShareShack user name hidden until logged in November 04
Just noticed the extent Bingo has been sold off over the month of October. Doesn't look to be anything company specific- as there have been no price sensitive announcements, but rather been caught in the correction in the overall market during the month. I really like this business (have posted about it before) but felt it was too expensive when I last looked at it and when it was over $3.00. At the current price of $2.38, it is now trading on an FY19f p/e multiple of 18x and 13x FY 20f (based on analyst reports I've read), which captures the full year impact of the Dial a Dump Acquisition announced a few months ago.

Interest in anyone else's views, but I reckon this would be a great long term hold for the super fund. This article in today's AFR supports this for me. Shows what a great industry waste management is and Bingo has been sold down much more extensively than Cleanaway, suggesting it's a great opportunity

https://www.afr.com/business/environmental-services/the-best-asx-bet-in-recycling-bingo-cleanaway-aim-to-grow-on-australias-waste-20181024-h171r7
...Show more
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ShareShack user name hidden until logged in September 09
ASX 200 quarterly rebalance - BIN & ELD in, GMA, GXL out, RFG understandably out of ASX300

https://www.marketindex.com.au/sites/default/files/announcements/20180907-asx200-rebalance.pdf
...Show more
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ShareShack user name hidden until logged in August 30
Anyone got thoughts on Bingo (ASX:BIN)? (other than suggestions of a load of rubbish...). I believe waste recycling & rubbish removal is probably something we don't think much about, but that there is money to be made, especially as our population continues to grow. This is a family run business & they all seem to have plenty of skin in the game....Show more