I think in the C&I division, only a minor impact as contracts...

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Bl-Aq

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04/08/20

19:06

Post #: 46300112
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Originally posted by Aceboy: ↑

I live in the north shore, i see their skip bins around. don't see much of a disruption so far.

But then again, this is a limited view.

I think the biggest effect from the lock will come from commercial waste (not construction). But according to the latest macquarie investor presentation, this segment only represent 17% of their revenue.

post collection work is contractual, think about it this way, the amount of waste collect from a construction site are fixed. it may be delayed, but the material and waste created will be not change .

Also in regards to lockdown, fortunately they have a waste site in both states. So the boarder closure should not affect their work.

As a matter of fact, i think there is a potential upside with qld boarders being locked, now NSW commercial waste will need to be disposed locally, rather than through QLD (with a lower rate).

For the reason above, I've recently added a significant stake worth 20% of my portfolio.

Previously had a great run with Bingo from the $1.5 low and sold around $3. Hopefully it will pay the same return come next year, when the infrastructure projects come online.

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I think in the C&I division, only a minor impact as contracts like Meriton are BAU according to that driver I spoke to.

Congrats on your previous profit. I bought in around 1.50 last year too but failed to take profit! 50% of my portfolio is BIN and I have been topping up whenever I have extra cash. Hopefully this will come out just fine.

BIN Price at posting: $1.97 Sentiment: Buy Disclosure: Held
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0 Great analysis

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