WCO - Waste Co Group.

[Left Field]

Where there's muck, there's money.

New company Waste Co to list 6 Dec from the shadows of Goodwood Capital via a reverse take-over.

Details here; http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/GWC/403572/385021.pdf

$18.8 Mill revenue, but not much other financial  info or projections.

Current Board:
Shane Edmond, Non-executive chair
James Redmayne, Executive Director
Carl Storm, Executive Director
Roger Gower, Independent Director
Angus Cooper, Independent Director

One to watch..... maybe.

[Hectorplains]

Nice background article in BusinessDesk today.  They're looking to grow $100m in revenue by 2027. Pretty simple business model - they divert more than 40% of waste collected from landfill.  Anything that is not dumped or dumped at a lower rate than landfill prices makes them $$$. They're keen on acquisitions and will fund that through equity.   My concern is that debt gearing is high.  I have dipped a toe in this one.

[lorraina]

I drove past their Blenheim Road yard on Monday.
I lot of expensive vehicles sitting there idle.
Idle vehicles are not generating income.

[Hectorplains]

I drove past their Blenheim Road yard on Monday.
I lot of expensive vehicles sitting there idle.
Idle vehicles are not generating income.

Fair point but one of my concerns was more with humans, than machines.  It's a labour intensive model, and their staffing has already increased from 50 to 300 in  three years. Anyhow; some of the machines must be doing something some of the time.  They reckon that one of them pulls  1.5 tonnes of nails from construction waste timber DAILY! 

[lorraina]

Yes another was in the city tonight sweeping the streets.