BINGO INDUSTRIES (BIN) Shares

ABOUT BINGO INDUSTRIES

Bingo Industries Limited is an Australian waste management company with a history dating back to 2005 when it was first founded by the Tartak family.

Today the company operates a broad waste management services portfolio handling commercial and residential waste, recycling services and bin manufacturing. The company was established with the family’s initial decision to purchase a building and demolition (B&D) skip business in Western Sydney, with 4 trucks and 100 bins.

In 2014 the company expanded into the commercial and industrial market with the opening of the Mortdale recycling centre, operating with a fleet of 65 trucks. In 2015 the company went on to acquire Toro Waste Equipment, increasing its fleet to 95 trucks and opening the Minto, Tomago and Smithfield recycling centers.

The company was floated on the ASX top 200 in 2018 with a total fleet of 254 trucks and announced the acquisition of Dial A Dump Industries.

OVERVIEW OF BINGO INDUSTRIES

• Today Bingo Industries has evolved into a fully integrated recycling and waste management company, providing solutions across the entire waste management supply chain including collection, processing, separation, recycling and disposal.

• BINGO diverts waste from landfill by sorting and processing mixed waste received from customers to be re-used and recycled. Through investing in recycling and resource management infrastructure, the company assists customers, governments and communities to move towards a circular economy by closing the resources loop.

• The company employs almost 800 staff, servicing more than 18,000 customers each year. The company also oversees the largest network of resource recovery and recycling centers across NSW and Victoria.

• The company’s strategic purpose is to divert waste from landfill in order to facilitate Australia achieving a global recycling best practice of 100% diversion of waste from landfill. To date the company has achieved several strategic growth points which work to differentiate it in the market.

• The company has optimized its core markets and enhanced its network capacity while advancing its recycling processing capacity in New South Wales and Victoria.

VISION & VALUES OF BINGO INDUSTRIES

• Bingo Industries bases its ethos on values of loyalty, lawfulness, determination, greatness and teamwork. To this end, the company seeks to maintain an open discourse with all its stakeholders, while operating ethically as it strives to grow and improve its service delivery.

• The company also seeks to achieve a level of greatness by the teamwork and intelligence of its employees.

MARKET PERFORMANCE OF BINGO INDUSTRIES

• Bingo Industries Limited currently trades on the Australian Stock Exchange (ASX), where investors can buy shares under the stock symbol –BIN.

• Data from the company’s 2019 financial analysis shows revenue growth of 32.4% to US Dollar 402.2 million from US Dollar 303.8 million in the prior year. Underlying EBITDA was US Dollar 106.1 million and statutory EBITDA was US Dollar 72.4 million, which includes a partial-year contribution of the Dial a Dump business.

• The company grew Underlying NPATA by 22.2% to US Dollar 58.9 million and generated strong operating free cash flow of US Dollar 116.5 million. The company also maintained its dividends to shareholders of 3.7 cents per share for 2019.

Buy BINGO INDUSTRIES stocks / shares – A Step by Step Guide how to Buy / Purchase BINGO INDUSTRIES Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy BINGO INDUSTRIES Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN BINGO INDUSTRIES STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE BINGO INDUSTRIES STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of BINGO INDUSTRIES stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

1. Is it the best time to buy this stock / share?
2. Should I buy BINGO INDUSTRIES stocks / shares in the current economic climate?
3. Can I afford to buy this stock / share?
4. What is the forecast of the stock / share growth?
5. What is the current price per earning ration on the stock / share?