I’ve never bought shares just based on one positive factor....

I’ve never bought shares just based on one positive factor.

Here’s my peer comparison:

CWY, share price $2.15
Market cap: $4.5b
net debt: $650m
EV/EBITDA (factored 9% growth): 10
Net tangible asset: 10c/share

BIN, share price $1.54
Market cap (post acquisition): $1b
net debt: $205m
EV/EBITDA (assume no growth): 7.5
Net tangible asset: $1/share

Here’re updated broker targets:

Bingo Industries Price Target Raised 15% to A$2.08/Share by Morgans
01/03/2019 12:08PM

Bingo Industries Price Target Raised 33% to A$2.00/Share by Macquarie
01/03/2019 10:51AM

Treasure not trash for Bingo Industries
Another small cap stock that UBS likes is Bingo Industries Ltd(ASX: BIN), particularly now that the ACCC has approved its acquisition of Dial-A-Dump.

Bingo has also surprised the market by announcing a $75 million on-market share buyback.

UBS has a “buy” recommendation on the Bingo share price with a $2.55 price target



Obviously, share price could be up and down, no one has a crystal ball.