- Stratco secretly advancing in the retail, patio and shed industry and look like taking Number 1 spot.
- Metroll also quite in their ways - but selling lots - maybe at reduced price - but maintaining increase in turnover.
- Lysaght - confused still with the BlueScope big loss at end of FY. Many staff dissatisfied with management for the big bonuses and yet laying off staff. Mr. O'Malley bought up a heap of discounted shares of BlueScope (about $50,000) on 10% of his bonus? Not looking good for this group today and plenty of angry shareholders.
- Stramit - still going OK - no word on any problems and Fletcher Building Group is doing well. Have always had a good relationships with BlueScope - but this could change quickly.
- Fielders are doing well in QLD & NSW after 7 years or so - but SA & WA still going backward. Hills also have the results of the Edwardstown contamination coming up - (not through the EPA) but settlement with PPT (a 13% shareholder of Hills) that bought the contaminated land for Colonial to develop. There's more to this story to come.
- Still on Hills - Mr G Twartz had nearly $110,000 plus of shares issued to him that was declared late - but now all sorted - what is this - a long service issue of shares?? Certainly not for performance as on September 16th - they will be taken off the ASX 200 list - not good.
- Also the release of a new roofing profile will be done on the 8th September if all goes well - it may even be highlighted here at The Roofer. There's going to be some noses out of joint in SA & WA. True!!!
- Who's the guru of the roofing industry that visited QLD last week - talks of a large indepentent Rollforming association?
- Aluminium roofing to go? By the end of 2025 - the CO2 tax alone will raise the cost by $200 per tonne while China is at $8 per tonne. The Industry will fold in Australia. See the Australiam Aluminium Council report here Australian Aluminium Council warns of carbon tax .
- Attack on the ASI by an independent Shed Information Website - ASI????
- Rollforming machines being made in China and imported by Australian Companies? Why? Because they're cheaper? But as the BCA and ASA requires that the sheets be tested in LHL by a cyclone testing centre - but these tesing centres approve the rollforming company - not the machine? Make what you want out of that?
Friday, September 2, 2011
Roofing Week - 11 Months to Go
The industry will face the CO2 Tax in 11 months or less, what procedures have been examined that will reduce this impact. BlueScope & One Steel have been looked after by the governement - lets hope they pass this on to rollformers that can compete in the open market. Container loads of finished purlins are arriving in WA and QLD ports destined for the mining projects.