TOX’s worthy acquisition

Our growth stock takes on Australia’s fastest growing waste and recycling market with its new acquisition.

TOX recently announced the acquisition of Worth Recycling, a leading NSW liquid and industrial waste treatment and services business. The price was $70 million, with $50.4m funded by debt, and a $24m equity raising at $2.55 per share. With the waste and recycling company operating in weak markets, it would be easy to make the assumption that management is trying to fix an earnings gap. But, to the contrary, the earnings accretive nature of the acquisition, geographic diversification and greater exposure to the high margin hazardous division leads us to believe this is a very positive purchase for the company.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles