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$2.72 cleanaway waste management limited

Ann: Response to Media Speculation, page-9

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mazza28

96 Posts.

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16/03/21

21:49

Post #: 51817218
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Originally posted by dabozza: ↑

Its a good point you raise. I feel that the ACCC wouldn't necessarily look at the consolidation in the global industry, but rather the direct impact on the domestic market. So they could preference Suez/Veolia if it resulted in more competition, even if it was detrimental to Cleanaway and Bingo for instance. As opposed to preferencing Cleanaway which could lead to a single player with significantly more market share than the next biggest.

In saying that, their "preference" means little, its more of a veto power on whatever the market decides. They would be hard pressed to demonstrate even at c.30% market share in a highly fragmented and competitive sector that the acquisition by Cleanaway would be sufficiently anti competitive. If that was the case, I doubt Cleanaway would be putting this much effort in to it.

@Hopeful9 Not sure if it is like for like as Bingo and Cleanaway have quite different assets, but I personally have more belief in Cleanaways runway (at the right valuation.. )

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I found this little gem clearly articulating where and how CWY got its mojo back, thanks to Vik....

@Hopeful9 it might shed some light on how to respond to your question relating to a BIN-CWY "swap"

CWY Price at posting: $2.34 Sentiment: Buy Disclosure: Held
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0 Great analysis

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Last $2.72		Change 0.000(0.00%)		Mkt cap ! $6.063B

Open	High	Low	Value	Volume
$2.71	$2.74	$2.71	$5.683M	2.086M

Buyers (Bids)

No.	Vol.	Price($)
3	31543	$2.72

Sellers (Offers)

Price($)	Vol.	No.
$2.73	86122	6

View Market Depth

No.	Vol.	Price($)
1	5181	2.720
3	43401	2.710
5	79989	2.700
4	57718	2.690
5	23538	2.680

Price($)	Vol.	No.
2.730	7820	1
2.740	132692	5
2.750	66212	6
2.760	17298	3
2.770	7504	1

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