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.
