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Shorters would take advantage of profit taking after recent bounce. But they would be thinking to close the position as $75m share buybacks commencing this Friday.



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