Ruralco waterworks

On Wednesday, Portfolio Manager Oscar Oberg attended Ruralco Holdings Limited’s (ASX: RHL) investor site day in Renmark, South Australia. The company showcased its investment in water and rural supplies businesses within the Riverland region. The company also announced a trading update, confirming that earnings in the second half of FY2017 would be similar to the first half. This represented a significant upgrade to consensus earnings expectations and was driven by the company’s cost-drive program. Shares in Ruralco closed up 6% for the week. We own Ruralco as a research-driven investment in WAM Microcap.