1.Water Utility:
Water has become a precious commodity these days in many countries.While its priced as high as crude oil, still it takes a lot of resources to tap groundwater. process it to set standards and distribute it for consumption. There are are a few water companies listed in the exchanges.
Cascal B.V., with ticker HOO, is a water utility from UK. They listed their ADR in the NYSE in January of this year. The company operates in the provision of potable water and treatment of waste-water services. They operate in eight countries: the United Kingdom, South Africa, Indonesia, China, Chile, Panama, Mexico and The Philippines.
After hitting a high of $15 in April the stock is now at $11+.
Company: Cascal B.V.
Ticker: HOO
Sector: Water Utility
Country: UK
More info on Cascal can be found here.
2.Scrap Metal Recycler:
Sims Group of Australia is a scrap metal recycling company.A brief overview of Sims:
“Sims Group (www.sims-group.com) is the world’s largest listed metal recycler with over 200 operations globally. Sims’ core business is metal recycling, with an emerging business in recycling solutions. Sims earns around 80 per cent of its revenue from international operations in the United Kingdom, Continental Europe, North America, New Zealand and Asia. Sims has over 6,000 employees, an annual turnover of $8.5 billion and has its ordinary shares listed on the Australian Stock Exchange (ASX CODE: SGM) and its ADRs listed on the NYSE (NYSE SYMBOL: SMS – News).”
Due to the high demand for steel, scrap steel makers are performing very well these days.Back in April there was a news item titled Sector Snap: Scrap Steel Shares Rise.
Company: Sims Group
Ticker: SMS
Sector: Scrap Metal
Country: Australia
After their IPO on March 17,2008 the stock has risen form $21+ to $33 now.Probably a good idea to keep an eye on this ADR before jumping in since commodity prices can be highly volatile.
