Added Bingo Industries Ltd(BIN) to the portfolio today. It is...

  1. 704 Posts.
    lightbulb Created with Sketch. 62
    Added Bingo Industries Ltd(BIN) to the portfolio today. It is providing essential services of picking up the household bins for the councils and dumpster bins for the businesses and various industries that are still operating.

    There will be some impact on the bottom line as not all the businesses are operating in full capacity therefore making the regular dumpster pickups less regular. I am aware of this and have taken that into consideration before making the purchase. For example lets take a school that has it's dumpster bins (general waste & recycling) picked up once a week. In the current environment with only one or two classrooms running at best in most states those dumpster pickups may be reduced to once a fortnight or once a month.

    There are industries that are still in operation that would require Bingo services like in construction. Whether that is the building of a road or a building, rubble and waste still needs to be taken off sites.

    https://hotcopper.com.au/data/attachments/2138/2138445-a5fc497e0f089212b0a9d7d0694f8939.jpg


    Not sure how busy the housing construction environment is, perhaps tech/a has a better idea as he operates a small business that serves the construction industry. If it's busy, then Bingo is going to get smaller skip bin pickups as well.

    https://hotcopper.com.au/data/attachments/2138/2138449-ca88001a703483b49e665305ca38c834.jpg


    Furthermore there is still work to be done to address Australia's recycling issue where Bingo can make a big impact.

    Also there has been an update on Collins Foods Ltd (CKF), which gave the stock a boost today:

    https://hotcopper.com.au/data/attachments/2138/2138450-ed9060f894f9137f44270ec688515fd1.jpg

    Open Portfolio:
    https://hotcopper.com.au/data/attachments/2138/2138451-7f04901323fdb7816185c09d6c1cd2b5.jpg

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.