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Acceptable practice in south Asia and also in a popular company in Australia owned by a real Aussies
CWY - Cleanaway Waste Management
- Thread starter tech/a
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They have been a slow but steady climb, as councils find their recycling and rubbish disposal obligations more onerous, companies like CWY are an easy out for them.Acceptable practice in south Asia and also in a popular company in Australia owned by a real Aussies
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The pressure on councils continues.
www.smh.com.au
Council clean-up costs soar on back of pandemic
Household bulky rubbish collection volumes have risen as much as 75 per cent across Sydney since 2018-19.
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Cleanaway finalised the purchase of Suez Sydney based assetts on 20 December.
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Dona Ferentes
A little bit OC⚡DC
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Cleanaway says higher fuel costs will lop $10 million from its bottom line over the second half of FY 2022, and drag EBITDA between $15 million and $20 million lower than previously expected for the period.
It also warned difficulty in finding labourers, and flood and pandemic-related costs meant margins would be lower over the second half of the financial year.
- off a few per cent; still above $3
It also warned difficulty in finding labourers, and flood and pandemic-related costs meant margins would be lower over the second half of the financial year.
- off a few per cent; still above $3
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i have heard anecdotal info some industries are trying to lure drivers as well ( to different companies )
seems the truckie shortage is real in Australia as well ( even at local levels , not just long-haul drivers )
seems the truckie shortage is real in Australia as well ( even at local levels , not just long-haul drivers )
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Capital raising to fund acquisition
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And the detail is:
Dona Ferentes
A little bit OC⚡DC
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raising $400M, so quite a bit in the kitty
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Waste management is the issue that is quietly simmering in the background, a mate who has just retired from that field, is always saying the problem is bigger than Ben-Hur for councils.
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YEP , even worse when 'talent-scouts ' are actively approaching drivers on the job ( won't be long before they hunt the plant operators , too )
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He was a plant operator, they are asking him to think about coming back part time, as the have had to stand down a truck.
After two months in retirement, the pension has just come through, in his words, "I'm living the dream". ?
No way he is going back.
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as a retiree ( also ) i can understand what he is saying ( and hope he is enjoying every moment of it )
but unless the workplace is convenient to home there are plenty of empty seats on dozers and graders , if he wanted a few bucks on the side
Garpal Gumnut
Ross Island Hotel
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Does anyone else feel this is not a goer atm. at prices above $2.60 ?
gg
gg
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I already have some, but I wont be adding, they have been a steady income share and I can't see why they wont continue to be so.
It isn't a very exciting sector.
The other thing I find also is that when I apply for a SPP, they have a scale back and it ties up my money for a couple of months and the share price seems to go to the SPP price anyway.
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the current numbers don't look attractive to me , if i am correct in assuming they face rising costs ( and i assume councils trying to contain budget expenditure )
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The share price has held up fairly well over the last few weeks closing today at $2.87.
SPP closes next Monday. Now I'm thinking I'll put in for some at $2.50.
SPP closes next Monday. Now I'm thinking I'll put in for some at $2.50.
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Total SPP applications exceeded $190 million. Target for SPP was $50 million, so allocations are to be scaled back.
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When SPP are good value, they get scaled back.
