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Re: TPI & CRT
Chart still looks OK to me. Did anyone buy in the recent correction?
Chart still looks OK to me. Did anyone buy in the recent correction?
CWY - Cleanaway Waste Management
- Thread starter tech/a
- Start date
michael_selway
Coal & Phosphate, thats it!
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Re: TPI & CRT
I should have yes
But long term its still ok?
Chief Wigam said:
I should have yes
But long term its still ok?
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Re: TPI & CRT
I did not pick up any in the correction either. But still holding from 4.52 as my second trade. I think it's a great long term buy. Growth, growth, growth with this co.
I did not pick up any in the correction either. But still holding from 4.52 as my second trade. I think it's a great long term buy. Growth, growth, growth with this co.
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Re: TPI & CRT
Big acquisition will be coming up soon with Brambles Cleanaway Industrial liquid waste section being sold off. TPI front runner one would think.
Big acquisition will be coming up soon with Brambles Cleanaway Industrial liquid waste section being sold off. TPI front runner one would think.
michael_selway
Coal & Phosphate, thats it!
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Re: TPI & CRT
TPI has teamed up with CHAMP to buy Brambles and Industrial Services division. I wonder how much they could get the assets for. Serious investment here.
But do u think that has been incorporated in the price already?
thx
MS
Chief Wigam said:
TPI has teamed up with CHAMP to buy Brambles and Industrial Services division. I wonder how much they could get the assets for. Serious investment here.
But do u think that has been incorporated in the price already?
thx
MS
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Re: TPI & CRT
I wish I knew. The SP hasn't moved since the CHAMP partnership was announced. Boils down to when insiders knew of this new strategy and compare to the price action.
There are other bidders for the Brambles division so no guarantee TPI/Champ will get it.
I wish I knew. The SP hasn't moved since the CHAMP partnership was announced. Boils down to when insiders knew of this new strategy and compare to the price action.
There are other bidders for the Brambles division so no guarantee TPI/Champ will get it.
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Re: TPI & CRT
Bio-diesel is their next project. This ties up nicely with the diesel they produce already from waste oil, so fits in nicely with their business. They also have a truck fleet which will use this as a fuel. They are building a hydrotreater for diesel on the NSW central coast too, so it is all happening.
Bio-diesel is their next project. This ties up nicely with the diesel they produce already from waste oil, so fits in nicely with their business. They also have a truck fleet which will use this as a fuel. They are building a hydrotreater for diesel on the NSW central coast too, so it is all happening.
michael_selway
Coal & Phosphate, thats it!
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Re: TPI & CRT
what is bio-diesal used for? How much is used atm?
also any links regarding the above?
thx
MS
Chief Wigam said:
what is bio-diesal used for? How much is used atm?
also any links regarding the above?
thx
MS
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Re: TPI - Transpacific Industries
Since this thread has evolved into one primarily about TPI, I have removed a couple of posts and renamed it accordingly.
Since this thread has evolved into one primarily about TPI, I have removed a couple of posts and renamed it accordingly.
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Re: TPI - Transpacific Industries
I hope you boys topped up before it went to $8.
Note the volatility Thursday/Friday. Something is brewing.
I hope you boys topped up before it went to $8.
Note the volatility Thursday/Friday. Something is brewing.
michael_selway
Coal & Phosphate, thats it!
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Re: TPI - Transpacific Industries
what is brewing u think?
has done well since the merger with WNZ
Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 11.4 23.8 34.1 46.9
DPS -- 11.2 17.5 23.2
EPS(c) PE Growth
Year Ending 30-06-06 23.8 36.1 108.0%
Year Ending 30-06-07 34.1 25.2 43.3%
Chief Wigam said:
what is brewing u think?
has done well since the merger with WNZ
Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 11.4 23.8 34.1 46.9
DPS -- 11.2 17.5 23.2
EPS(c) PE Growth
Year Ending 30-06-06 23.8 36.1 108.0%
Year Ending 30-06-07 34.1 25.2 43.3%
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Re: TPI - Transpacific Industries
Another acquisition is brewing for sure.
Why do you say they have done well since then?
Another acquisition is brewing for sure.
Why do you say they have done well since then?
michael_selway
Coal & Phosphate, thats it!
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Re: TPI - Transpacific Industries
Transpacific drives waste industry shake-up
Date : 09/04/2006
Reporter: Alan Kohler
ALAN KOHLER: In the recent flurry of takeover activity, the big $770 million merger between Transpacific Industries and its trans-Tasman rival, Waste Management New Zealand, has pretty well flown under the radar. While it's still to be formally approved, it's part of an extraordinarily rapid and aggressive consolidation of the waste management industry by Transpacific since it was floated last year. It also strengthens the company's position for the biggest catch of all - the Brambles' Cleanaway and Industrial Services divisions, which are on the block for, as some analysts are tipping, well over $1.5 billion. I spoke to the driving force of the waste industry shake-up, Transpacific's founder, major shareholder and executive chairman, Terry Peabody, from his Brisbane headquarters.
Terry Peabody, I count about half a dozen press releases about acquisitions since you floated Transpacific last year, culminating in the current bid for Waste Management of New Zealand. Is there any danger of making too many bids, of growing too fast, of getting indigestion?
TERRY PEABODY, EXECUTIVE CHAIRMAN, TRANSPACIFIC INDUSTRIES: Not really, Alan, I think something you need to realise is that this has been our mode for a number of years and actually, the New Zealand acquisition will be our 18th in the last year. But we've been traditionally doing this by taking on small, bolt-on acquisitions somewhere between $5 million and $20 million and tying them into our group and this is - about half our growth has been through acquisition and about half through organic growth historically.
ALAN KOHLER: So is this sort of acquisition program what you had in mind when you floated Transpacific? Is this why you went to the market for capital?
TERRY PEABODY: Yes, it really was. And although of course we weren't aware that the New Zealand transaction would occur, we certainly were aware that there was going to be opportunities to consolidate in the industry and it made a lot of sense to go public in that regard.
ALAN KOHLER: And you've said that your next plan is to bid for and win Cleanaway, the Brambles operation that's being sold. It's unusual to so publicly stalk another company like that. Why have you done that?
TERRY PEABODY: Firstly we thought we were the most natural to in that business, and once we joined with Champ, who we thought were certainly the most prominent private investor group in that arena, we felt that it made sense for us to go public and let people know that we were intent on this acquisition. Certainly our company has far more synergies than anyone else because we have operations throughout Australia. Every little town that you'll find a Cleanaway depot and office, you'll normally find Transpacific there. By combining Australia's leading and largest liquid waste company with Australia's leading and largest solid waste company, you're going to have a company that is set to service the industry and commerce at large like certainly no other one in Australia.
ALAN KOHLER: But usually bidders at an auction try to appear casual or disinterested, thinking the vendor will jack up the price if they don't. I mean, you sort of present a picture of somebody who's prepared to pay whatever it takes to get Cleanaway, is that the case?
TERRY PEABODY: Well, to a degree. I mean, we're certainly not going to do anything that doesn't make sense for the company in the long term, but certainly I believe we're the best position to give Brambles the best price for that business. We bought several other businesses from Brambles over the last couple of years and they've become very successful, the people are extremely content working for our organisation and some of their people are in very prominent positions in our company. So I think we've demonstrated to Brambles that we're extremely responsible in those acquisitions and we certainly could and would be with Cleanaway.
ALAN KOHLER: The waste management business in Australia is quite fragmented. Do you have a longer-term plan to consolidate the industry, leaving aside Cleanaway, and get growth that way?
TERRY PEABODY: We certainly do, but once we purchase Cleanaway, I think more the major consolidations, the bolt-on-type acquisition that we've been doing in the liquid waste business will be more appropriate. However there certainly is a great opportunity ahead with the sale of the NSW waste business that's currently owned by the government and that's a business that would be very accretive and very complimentary to the Cleanaway assets that exist so we'll of course be very interested in that as well.
ALAN KOHLER: And, just in general, do you picture your company in future, Transpacific, becoming a global player?
TERRY PEABODY: In time, well, certainly in Asia, I think more confined to Asia. I believe the European markets and the North American markets are reasonably well catered for in out industry.
ALAN KOHLER: Have you identified any potential candidates in Asia now?
TERRY PEABODY: Not of huge significance, although we are working on a transaction in Beijing to recycle waste hydrocarbon oil and we're - that's at early stages but that would appear that it may be a sizeable opportunity. We do have a small business in Singapore, one in Malaysia and one in Taiwan, but they're quite small and they are certainly not hugely successful at this point in time.
ALAN KOHLER: You started out in business collecting fly ash from government power stations and selling it to concrete companies. Is there anything that you're doing now that has similar characteristics to that? I'm thinking particularly of biodiesel or recycling organic waste into power generation. Is that sort of a line of thought you're now pursuing?
TERRY PEABODY: Yes, it certainly is. In fact, we're very close to announcing the purchase of a biodiesel plant for our operations here in Queensland. We collect roughly 20 million litres a year of waste cooking oil, which is a very good feed stock for biodiesel, so our intention is to build a plant here and utilise that feed stock and value-add to it by producing a high-grade biodiesel.
ALAN KOHLER: I guess you're a company that benefits from regulation. Would it be fair to say that as governments around the world increase their environmental regulations, your business will benefit from that?
TERRY PEABODY: No, that's certainly true. Probably 70 per cent of the liquid waste that we collect today, in 1988 when we started was being either illegally dumped or going to landfill sites and contaminating the landfill sites. But not only regulation, but the policing of that regulation has changed our whole program in that regard and changed our whole business, and this, of course, is what we believe will ultimately happen in Asia.
ALAN KOHLER: Just on a personal note, Terry Peabody, you started with nothing and made a billion dollars. Not many people do that. How did you do it - what's the secret of that?
TERRY PEABODY: I don't think there's any secret. I guess, probably - and I don't like to talk about personal wealth - but probably the success that we've had in business is related to taking advantage of opportunities when they arose. And so many people believe that opportunity will wait, but it won't and you can't plan the timing of opportunity either. So, I guess if you had to pick out a single fact, probably the fact that we've always taken advantage of opportunity no matter of the timing.
ALAN KOHLER: Apart from your 51 per cent of Transpacific, your family also has a number of other businesses such as wine-making and distribution and also importing heavy commercial vehicles and transport. Any plans to float these other businesses?
TERRY PEABODY: No, certainly not. Those are family businesses of long standing and we'll continue to keep them as family businesses.
ALAN KOHLER: We'll have to leave it there, but thanks very much, Terry Peabody.
TERRY PEABODY: Thank you, Alan.
http://www.abc.net.au/insidebusiness/content/2006/s1612015.htm
http://www.abc.net.au/reslib/200604/r80622_232672.asx
http://www.abc.net.au/insidebusiness/content/2006/s1600989.htm
Chief Wigam said:
Transpacific drives waste industry shake-up
Date : 09/04/2006
Reporter: Alan Kohler
ALAN KOHLER: In the recent flurry of takeover activity, the big $770 million merger between Transpacific Industries and its trans-Tasman rival, Waste Management New Zealand, has pretty well flown under the radar. While it's still to be formally approved, it's part of an extraordinarily rapid and aggressive consolidation of the waste management industry by Transpacific since it was floated last year. It also strengthens the company's position for the biggest catch of all - the Brambles' Cleanaway and Industrial Services divisions, which are on the block for, as some analysts are tipping, well over $1.5 billion. I spoke to the driving force of the waste industry shake-up, Transpacific's founder, major shareholder and executive chairman, Terry Peabody, from his Brisbane headquarters.
Terry Peabody, I count about half a dozen press releases about acquisitions since you floated Transpacific last year, culminating in the current bid for Waste Management of New Zealand. Is there any danger of making too many bids, of growing too fast, of getting indigestion?
TERRY PEABODY, EXECUTIVE CHAIRMAN, TRANSPACIFIC INDUSTRIES: Not really, Alan, I think something you need to realise is that this has been our mode for a number of years and actually, the New Zealand acquisition will be our 18th in the last year. But we've been traditionally doing this by taking on small, bolt-on acquisitions somewhere between $5 million and $20 million and tying them into our group and this is - about half our growth has been through acquisition and about half through organic growth historically.
ALAN KOHLER: So is this sort of acquisition program what you had in mind when you floated Transpacific? Is this why you went to the market for capital?
TERRY PEABODY: Yes, it really was. And although of course we weren't aware that the New Zealand transaction would occur, we certainly were aware that there was going to be opportunities to consolidate in the industry and it made a lot of sense to go public in that regard.
ALAN KOHLER: And you've said that your next plan is to bid for and win Cleanaway, the Brambles operation that's being sold. It's unusual to so publicly stalk another company like that. Why have you done that?
TERRY PEABODY: Firstly we thought we were the most natural to in that business, and once we joined with Champ, who we thought were certainly the most prominent private investor group in that arena, we felt that it made sense for us to go public and let people know that we were intent on this acquisition. Certainly our company has far more synergies than anyone else because we have operations throughout Australia. Every little town that you'll find a Cleanaway depot and office, you'll normally find Transpacific there. By combining Australia's leading and largest liquid waste company with Australia's leading and largest solid waste company, you're going to have a company that is set to service the industry and commerce at large like certainly no other one in Australia.
ALAN KOHLER: But usually bidders at an auction try to appear casual or disinterested, thinking the vendor will jack up the price if they don't. I mean, you sort of present a picture of somebody who's prepared to pay whatever it takes to get Cleanaway, is that the case?
TERRY PEABODY: Well, to a degree. I mean, we're certainly not going to do anything that doesn't make sense for the company in the long term, but certainly I believe we're the best position to give Brambles the best price for that business. We bought several other businesses from Brambles over the last couple of years and they've become very successful, the people are extremely content working for our organisation and some of their people are in very prominent positions in our company. So I think we've demonstrated to Brambles that we're extremely responsible in those acquisitions and we certainly could and would be with Cleanaway.
ALAN KOHLER: The waste management business in Australia is quite fragmented. Do you have a longer-term plan to consolidate the industry, leaving aside Cleanaway, and get growth that way?
TERRY PEABODY: We certainly do, but once we purchase Cleanaway, I think more the major consolidations, the bolt-on-type acquisition that we've been doing in the liquid waste business will be more appropriate. However there certainly is a great opportunity ahead with the sale of the NSW waste business that's currently owned by the government and that's a business that would be very accretive and very complimentary to the Cleanaway assets that exist so we'll of course be very interested in that as well.
ALAN KOHLER: And, just in general, do you picture your company in future, Transpacific, becoming a global player?
TERRY PEABODY: In time, well, certainly in Asia, I think more confined to Asia. I believe the European markets and the North American markets are reasonably well catered for in out industry.
ALAN KOHLER: Have you identified any potential candidates in Asia now?
TERRY PEABODY: Not of huge significance, although we are working on a transaction in Beijing to recycle waste hydrocarbon oil and we're - that's at early stages but that would appear that it may be a sizeable opportunity. We do have a small business in Singapore, one in Malaysia and one in Taiwan, but they're quite small and they are certainly not hugely successful at this point in time.
ALAN KOHLER: You started out in business collecting fly ash from government power stations and selling it to concrete companies. Is there anything that you're doing now that has similar characteristics to that? I'm thinking particularly of biodiesel or recycling organic waste into power generation. Is that sort of a line of thought you're now pursuing?
TERRY PEABODY: Yes, it certainly is. In fact, we're very close to announcing the purchase of a biodiesel plant for our operations here in Queensland. We collect roughly 20 million litres a year of waste cooking oil, which is a very good feed stock for biodiesel, so our intention is to build a plant here and utilise that feed stock and value-add to it by producing a high-grade biodiesel.
ALAN KOHLER: I guess you're a company that benefits from regulation. Would it be fair to say that as governments around the world increase their environmental regulations, your business will benefit from that?
TERRY PEABODY: No, that's certainly true. Probably 70 per cent of the liquid waste that we collect today, in 1988 when we started was being either illegally dumped or going to landfill sites and contaminating the landfill sites. But not only regulation, but the policing of that regulation has changed our whole program in that regard and changed our whole business, and this, of course, is what we believe will ultimately happen in Asia.
ALAN KOHLER: Just on a personal note, Terry Peabody, you started with nothing and made a billion dollars. Not many people do that. How did you do it - what's the secret of that?
TERRY PEABODY: I don't think there's any secret. I guess, probably - and I don't like to talk about personal wealth - but probably the success that we've had in business is related to taking advantage of opportunities when they arose. And so many people believe that opportunity will wait, but it won't and you can't plan the timing of opportunity either. So, I guess if you had to pick out a single fact, probably the fact that we've always taken advantage of opportunity no matter of the timing.
ALAN KOHLER: Apart from your 51 per cent of Transpacific, your family also has a number of other businesses such as wine-making and distribution and also importing heavy commercial vehicles and transport. Any plans to float these other businesses?
TERRY PEABODY: No, certainly not. Those are family businesses of long standing and we'll continue to keep them as family businesses.
ALAN KOHLER: We'll have to leave it there, but thanks very much, Terry Peabody.
TERRY PEABODY: Thank you, Alan.
http://www.abc.net.au/insidebusiness/content/2006/s1612015.htm
http://www.abc.net.au/reslib/200604/r80622_232672.asx
http://www.abc.net.au/insidebusiness/content/2006/s1600989.htm
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Re: TPI - Transpacific Industries
Down significantly from recent highs.
I am still holding. How's everyone else going?
Down significantly from recent highs.
I am still holding. How's everyone else going?
GreatPig
Pigs In Space
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Re: TPI - Transpacific Industries
Yes, I'm still holding. Looking for support around current level, otherwise I'll be out.
Cheers,
GP
Yes, I'm still holding. Looking for support around current level, otherwise I'll be out.
Cheers,
GP
GreatPig
Pigs In Space
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Re: TPI - Transpacific Industries
Now I'm out.
GP
Now I'm out.
GP
GreatPig
Pigs In Space
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Re: TPI - Transpacific Industries
And at an opportune time it would seem.
Sold for $8.57. Currently $8.26.
GP
And at an opportune time it would seem.
Sold for $8.57. Currently $8.26.
GP
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Re: TPI - Transpacific Industries
good for you GP.
I am still holding. I need to give it another day.
Technically it may bounce back up in the next few days. It's gone done too sharply in the last few days.
good for you GP.
I am still holding. I need to give it another day.
Technically it may bounce back up in the next few days. It's gone done too sharply in the last few days.
michael_selway
Coal & Phosphate, thats it!
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Re: TPI - Transpacific Industries
yeah but it has gone up alot in a short period of time also
Btw when are they buying cleanaway?
thx
MS
Chief Wigam said:
yeah but it has gone up alot in a short period of time also
Btw when are they buying cleanaway?
thx
MS
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Re: TPI - Transpacific Industries
We should know more about Cleanaway by the end of this month.
I sold all my holdings for 9.39 yesterday. So I'm out. Bought in at 4.49 around late last year. Had a good run.
We should know more about Cleanaway by the end of this month.
I sold all my holdings for 9.39 yesterday. So I'm out. Bought in at 4.49 around late last year. Had a good run.
