Buy Hold Sell: Riding the infrastructure boom

With numerous infrastructure projects now ramping up at the same time, the well-flagged East Coast infrastructure boom is very much on. By next year, the total spend is forecast to be $16 billion, double what it was last year. There will be obvious winners from this, but what about some of the lesser-known players that may provide investors with great opportunities? Join us this week as Jeremy Hook from TMS Capital hosts Ben Rundle from NAOS Asset Management and Shane Fitzgerald from Monash Investors Limited, as they pass their verdict on Emeco, Big River, recent IPO Wagners, as well as industry leader, Boral, and a surprise entrant from the tech space.

Key points: 

Boral (BLD): Provides great exposure to Australian infrastructure boom. The US acquisition also gives good exposure to US property, but it may need time to bed in? 

Wagners (WGN): This Toowoomba-based building infrastructure company has soared in the two months since its IPO. A great company with a great track record.  

Emeco (EHL): This has done a great job of consolidating the market at right time in cycle. Has now got an expanded fleet, a better balance sheet, and better pricing. Could see continued growth in earnings here.One for the watchlist.  

Next DC (NXT): An infrastructure play supplying data centres. Perhaps fairly valued right now, but has long-term growth optionality. 

Big River (BRI): A leading manufacturer of timber formply, which is a key input of concrete pouring. The company has a long track-record of dividends, a strong balance sheet, and a reasonable multiple. 

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