This years agm was the best attended in a number of years and...

This years agm was the best attended in a number of years and even included some analysts from abroking firm.
The message was the same as usual , everything going to plan and some hints that some big contract wins are just around the corner,
there is still a huge amount of internal growth and cross seling opportunitys within the group as they have the size to take bigger jobs on.
With the new legislation in western australia requiring hazardous goods transporters to have an accredited emergancy operator, tox will be able to garner an annuity style business by charging operators a fee to be on call, great high margin business.
The barry brothers purchase has been bedded down better than expected, time might show that this was a company defining purchase.
Very little direct exposure to the mining sector, so they are not too efected by the slowdown in that sector.
Managment indicated that they have a number of investment houses showing interest in following them, this can be only good for the share price.
They indicated that they are on target for their forecasts,so it should be one of the few companys to achieve ebitda growth of 80% this year,all of this in essentially a defensive recession proof industry.
Dividends are on the agenda for this year, they would have been paid last year, but barry brothers came along.
This is a very credible company who have always made or beaten their forecasts, they are starting to build some good instos on the register, and with transpacific seemingly mirred in the debt spiral problems, tox is ideally placed to benefit, indeed it should have great growth without any nasty suprises.