Bingo's strategy is long-term.
Graham and Michelle Rowe, co-owners of Centaur Packaging on the NSW south coast, are battling to keep up with demand as cafes, restaurants and hotels in their region make the switch to paper straws and ditch the plastic version.The cost of paper straws is about two-and-a-half times as much, but the tide has turned across most of the hundreds of different businesses they supply.Sales of paper straws are 80 to 90 per cent higher than they were six months ago in their business, which employs 10 people.
It will also hold plastics, furniture, glass and white goods, but there are a few things you can’t toss.With 13 conveniently located recycling centres in New South Wales and Victoria, BINGO is your local recycling centre. Bingo Industries Limited (BIN) is a waste management and recycling company operating predominantly in New South Wales and Victoria. Its headquarters are in Hawthorn, Victoria; and it is listed on the Australian Securities Exchange.
Our vision is simple -
BINGO has come a long way from our humble beginnings as a small family-owned skip bin business in Western Sydney. Macquarie has a 12-month price target of $2.40 on Cleanaway, and said in a note on October 25 it was confident that 2018-19 performance would be in line with sharemarket expectations.Cleanaway in early October won the waste services contract for seven years from July, 2019 to collect waste in the City of Sydney council area and to run recycling and kerbside collections for electronic waste like old televisions and computers.JP Morgan analyst Russell Gill said while it's only a small contract in the grand scheme of things, with an extra 25 new trucks on the road in metropolitan Sydney generating between $10 million to $15 million in revenue, it is a "highly visible" win which should help the company build its profile.Follow the topics, people and companies that matter to you.Lockdowns have proved too much for many couples, but lost jobs, falling property values and social distancing means many are forced to stay under the same roof.The blame game continues over why private security guards were chosen over police or the Australian Defence Force for quarantine hotels.A report by the special commission of inquiry into the Ruby Princess debacle recommends law changes to avoid a future catastrophe.States cannot attempt to keep a clean sheet on infections at home while they undermine the collective economy. ASX Listed Green Companies The following is a listing of companies listed on the ASX that involved solely in the green arena covering waste recycling, water, wind energy, biogas & biofuels, green building materials, transport technologies or carbon management.
But investors who took up new shares at $2.54 each in a $425 million raising to help pay for the acquisition are wincing, with the share price having tumbled from $3.17 on October 1 to now be underwater at $2.42. Amcor is a global leader in responsible packaging solutions supplying a broad range of rigid and flexible packaging products into the food, beverage, healthcare, home and personal careand tobacco packaging industries.
Lithium Australia owns 23.9 per cent of Envirostream following its most recent top-up. The decision has disrupted the global recycling trade. Woolies and Coles have both banned single use plastic bags.
The ASX Group's activities span primary and secondary market services, including capital formation and hedging, trading and price discovery (Australian Securities Exchange) central counter party risk transfer (ASX Clearing Corporation); and securities settlement for both the equities and fixed income markets (ASX Settlement Corporation). Just over six months on from its initial investment in battery recycling company Envirostream, Lithium Australia (ASX:LIT) is looking to put the asset into a separate listed entity.
The company's operations are spread across building and demolition and commercial and industrial waste streams with capabilities of waste collection, processing, separation, and recycling components of waste value chain. But it is a complex sector and the risk of changing regulations is ever present.Cleanaway is Australia's biggest waste management company, which operates 4000 rubbish trucks, recycles 320,000 tonnes of paper and cardboard each year and is the It is down only 5 per cent since the start of October, to around $1.76.
But its waste management rival, Bingo Industries has fared much worse, with its shares having lost 24 per cent in value since October 1.Bingo, which floated on the ASX in May, 2017 made its biggest acquisition yet in mid-August with Bingo chief executive Daniel Tartak is a believer in the importance of size and scale.