Stock Analysis

What does the acquisition of TOX mean for Cleanaway?

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In mid-December, Cleanaway Waste Management (ASX:CWY) announced the acquisition of Toxfree Solutions (ASX: TOX). The acquisition is expected to be completed in the June 2018 quarter and remains subject to approval from TOX shareholders and the ACCC. Cleanaway Waste Management (CWY) has the largest fleet of collections vehicles. They operate from over 100 depots across Australia and is the largest collection of municipal council waste, servicing 90+ municipal councils. The largest part of the business is the collection of commercial …

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RIO shares on course to hit $90

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Price action for Rio Tinto (ASX:RIO) continues to look positive and the stock appears poised to retest the $90 level. This represents a return of nearly 24% from current levels. Iron ore prices have improved recently and the lower Australian dollar is set to benefit the earnings of Australia’s big miners. RIO – longer term chart The first point to note is the breaking of a 5-year downtrend that started in 2011. From nearly $90 at the start of 2011, …

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The reasons behind the falling ALS Ltd share price

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The share price of ALS Ltd (ASX:ALQ) has taken a tumble in the last several weeks. What are the reasons for it and does this now represent a buying opportunity? ALS Ltd is a global provider of testing services, with operations in more than 350 locations across 55 countries. Services include laboratory testing for the mineral, coal, environmental, food and pharmaceutical industries. The Life Sciences division is the largest contributor to revenue (~50%). It conducts analytical testing in the Environmental, …

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Fortescue sets up for a big rally

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I often get asked “when is a good time to buy shares in Fortescue (ASX:FMG)?”. Having endured a very soft few months, the Fortescue share price appears ready to launch higher again. The price of iron ore looks to end 2017 at a higher level than where it started. Despite this, we’ve seen a negative performance from Fortescue this year. Much has been made of the discount that the company sells its ore at. Fortescue produces a lower quality ore. …

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Is Automotive Holdings Group now a buy?

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Automotive Holdings Group (ASX:AHG) is a diversified automotive retailing group. The Company is Australia’s largest automotive retailer, with operations in NSW, Queensland, Victoria, WA and NZ. The Company has over 184 franchises at 111 dealerships across five Australian states and NZ, selling passenger and commercial vehicles as well as trucks and buses. Automotive Holdings Group recent announcement In late November this year, AHG entered into an agreement to sell its troubled refrigerated logistics division. This means that the Automotive aspect …

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