BIN chart, page-681

I just spoke to someone at Macquarie to see where it might all end and he said he thinks they might all be working from home as of next week ....
Not exactly what I thought he was going to say...

But I also asked him what he thought of Bingo, and he said he liked it ...

so does Shaw & Partners ;


https://www.fnarena.com/index.php/2020/03/12/australian-broker-call-extra-edition-mar-12-2020/
Australian Broker Call *Extra* Edition – Mar 12, 2020
Daily Market Reports | 12:16 PM
An additional news report on the recommendation, valuation, forecast and opinion changes for ASX-listed equities.
In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Australian Broker Call *Extra* Edition, featuring additional sources of research and insights on ASX-listed stocks, also enlarging the number of stocks that make up the FNArena universe.
One key difference is the *Extra* Edition will not be updated daily, but merely "regularly" depending on availability of suitable quality content. As such, the *Extra* Edition tries to build a bridge between daily updates via the Australian Broker Call Report and ad hoc news stories, that are not always timely for investors hungry for the next information update.
Investors using the *Extra* Edition as a source of input for their own share market research should thus take into account that information after publication may not be up to date, or yet awaiting another update by FNArena's team of journalists......
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Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources BINGO INDUSTRIES LIMITED

Industrial Sector Contractors & Engineers - Overnight Price: $2.62
Shaw and Partners rates ((BIN)) as Buy (1) -
Bingo Limited provides end-to-end waste management solutions and operates the largest network of resource recovery and recycling facilities around NSW and Victoria.
The company handed in its report card for the first half. In terms of collections, sales were up 22% to $122m, operating profit up 28% to $25m while margins improved to 20.3%. Post-collections saw the sales up by 56% to $163m, operating profit saw an increase of a whopping 120% to $56m with the margins up 34.2%. The results were well above the broker’s forecasts.
Shaw and Partners is of the view the waste management company would enter Queensland by FY21. The broker also feels that if Bingo Industries can work on its past net investment in network and strategic acquisitions, the company would have a great FY21 result.
Shaw and Partners considers the company too conservative with respect to affirming FY20 operating profits forecast; $159m to $164m versus the broker’s $163m.
Overall, the broker is positive due to the massive infrastructure pipeline, a shift from landfill to recycling, and falling resi sensitivity, among other factors. The broker believes FY21 could be a massive year for the company.
Shaw and Partners retains its Buy rating with the target price at $3.40.
The report was published on February 21, 2020.
Target price is $3.40 Current Price is $2.62 Difference: $0.78
If BIN meets the Shaw and Partners target it will return approximately 30% (excluding dividends, fees and charges).
Current consensus price target is $3.16, suggesting upside of 20.5%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY20:
Shaw and Partners forecasts a full year FY20 dividend of 3.20 cents and EPS of 8.30 cents.
At the last closing share price the estimated dividend yield is 1.22%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 31.57.
How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 9.6, implying annual growth of 146.2%.
Current consensus DPS estimate is 4.7, implying a prospective dividend yield of 1.8%.
Current consensus EPS estimate suggests the PER is 27.3.
Forecast for FY21:
Shaw and Partners forecasts a full year FY21 dividend of 5.00 cents and EPS of 11.10 cents.
At the last closing share price the estimated dividend yield is 1.91%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 23.60.
How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 12.2, implying annual growth of 27.1%.
Current consensus DPS estimate is 5.1, implying a prospective dividend yield of 1.9%.
Current consensus EPS estimate suggests the PER is 21.5.