I'm not sure what issue she was referring to. Her argument seems to jumping from one point to the other. My observations regarding her views:
an enormous earning risk largely due to construction market - DADI acquisition was to mitigate some of this risk by extending themselves in recycling.
They need to plug this earning hole and buying DADI will just be okay for some time - DADI's earnings is about 1/3 of total earnings. Is this still not sufficient to plug this earning hole? May be she's just really pessimistic about the DADI acquisition.
QLD levy increase - how is this an issue for Bingo? BINGO plan toimplement a price increase in FY20. They have adsorbed the costs for thewhole of FY19, including tipping and transport. These would also be covered in the pricerise.
Regarding my sentiment I'm indecisive at the moment. I think first resistance is at $2.09 and then $2.27.
BIN Price at posting:
$2.07 Sentiment: Hold Disclosure: Held
