Buying more Transpacific

Transpacific Industries’ share price has fallen 29% since it reached $1.19 in March and is now down around 10% since a recent fatal accident involving a Transpacific truck in Adelaide, which led to the grounding of the company’s entire fleet.

We’re unable to quantify the cost but so far the incident has had no impact on the company’s long-term earnings power. We’ll know for sure when the investigations are finalised, but for now we’re focused on bigger challenges.

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