Sector
452 stories · page 19 of 23
As one of RPM’s biggest customers in the region, through the company’s sub-distributor/direct-ship container order business, RPM will benefit from DWT’s brand profile and product acceptance in the area.
“Increased demand for commercial and industrial tyres, coupled with significant investment in our wholesale passenger tyres, were the key revenue growth drivers, contributing $22.6 million to the group’s overall record annual revenue," says
Melbourne-based CSVF now holds more than 8.333 million shares of the company representing 6.25% voting power with this forming part of an $8 million funding package.
The company, which raised $6.5 million in a recent financing to fund its forward osmosis technology that recycles wastewater into clean water for reuse, will soon go public on the TSX Venture Exchange as Forward Water Technologies Corp
There are revenue synergies through this expansion of East Coast Tyre Wholesalers into OTR and TBR tyres with RPM accessing ECTW’s exclusive brands for sale through the RPM network.
The FTSE 250-listed company's near 100% cash conversion and circa 80% payout ratio have enabled the board to deliver a sector-leading dividend yield of around 3.5%
“The recruitment and labour hire sector is worth about $40 billion and it is crying out for tech-powered solutions, so we have the potential for gigantic market growth,” says MD & CEO.
It is on track to meet its fourth-quarter FY21 projections and plans to continue with its acquisition strategy to support its expansion.
The company’s growth strategy remains on course, with organic business growth exceeding budget and further potential acquisitions in the pipeline.
The company looks set to continue its growth trend into 2021, having secured key mining service contracts, a majority stake in a laboratory business as well as almost 40 drilling rigs in the high growth region of West Africa.
“We are delivering on our promise to recycle our short-term coal cash flow into clean commodities whose use is largely in facilitating cleaner energy and technology," said Julian Treger
The acquired business is a market leader in the supply, fit and servicing of passenger, commercial and industrial tyres in the Gippsland region of Victoria.
The group distributes batteries and lightbulbs to retailers including B&M, Poundland, Asda, Iceland, Londis and Costcutter
Tesla had a meteoric 2020, comfortably the most successful in its 17-year history, which bodes well for battery metals.
RPM’s latest quarterly report features ticks across the board and paints a pretty picture for the 2021 financial year.
The Dow fell 271 points but managed to post its biggest monthly gain since 1987
The company believes its recent acquisition of Traralgon Tyre Service will fit neatly into its Repairs and Roadside Division, providing operational synergies and offering more services to existing and new clientele.
The company believes the acquisition will fit very neatly into its Repairs and Roadside Division, providing operational synergies and offering more services to existing and new clientele.
The acquisition is expected to help the company expand its national footprint and broaden the product range as well as the customer-base while complementing existing operations.
Other companies have seen stabilised, but not materially improving, conditions
