Correct & don't forget they're now truly national by scope. So besides Qld re-build, all the other poor unfortunate places like Vic will need re-building. There seems to have been a lot of natural disasters that whilst terrible for the citizens will result in massive spending by Govt and insurance & individuals. This is not just homes but vital in infrastructure. In Qld again with the large work book our mining services arm caters to will need not just to start up but significant repairs & upgrades.
WTP is being marked down for weather, its own prudence in announcing a profit downgrade, now the much reduced dividend (a lot of Qld based retirees on on the register) so they've sold to chase dividend.
This is a well managed, geographically & sector spread organisation that has about a $2b order book going forward made up of Govt or major blue chip clients. These aren't spec builders, white shoe developers or Flash Harry directors living the good life on shareholders funds - its run lean & mean.
WTP Price at posting:
$1.56 Sentiment: ST Buy Disclosure: Held