Waste companies are mopping up
Amid all the mud, debris and heartache clinging to Brisbane in the wake of last week's flood it is hard to find any companies that will emerge as winners.
Transpacific Industries might have a chance. Its shares defied the gloom on the broader market yesterday, rallying 2.5 per cent.
The waste management specialist is -- by its own admission -- at the "coalface" of the disaster and has fleets of trucks scattered around the city, slurping up sludge and blasting water. It also has drain cleaning and inspection units, bulk bins, and other haulage trucks.
Transpacific's shares rose 3.5c to $1.455 yesterday and have shot up from $1.28 a week ago when the flood crisis began to bite.
The company has said that it would be closely involved in the massive cleaning effort necessary post-flood.
"We are mobilising resources from around the country and putting disaster management plans into action," the company said on its website.
"While the floodwaters may not have physically lapped at everyone's doorstep, the damage, inconveniences, and after-effects will be felt for a long time across the state and the nation.
"We believe that industry and infrastructure will be crucial to the re-building process -- and the hard work starts now."
Chief executive Trevor Coonan was not available for comment yesterday.
The company had a number of its own sites, including its head office at Milton (on the banks of the Brisbane River) evacuated last week.
The reconstruction effort will also throw up some opportunities for listed construction and infrastructure companies such as Leighton Holdings and building product manufacturers such as Boral and James Hardie.
Source: http://www.heraldsun.com.au/business/waste-companies-are-mopping-up/story-e6frfh4f-1225989898376
