Painting, repairs drive Programmed share price surge
Painting, building repairs and laying turf are shaping as a new economic driver for Australia as the mining boom fades, with investors piling into the beaten-down labour hire and maintenance firm Programmed as demand for basic services rises.
Programmed, which late last year merged with ASX rival Skilled Group, has an army of 20,000 people across Australia and New Zealand busily painting, installing lights and mowing lawns for companies, large government departments, universities and aged care facilities, along with a big fleet of staff doing temporary white-collar and blue-collar jobs for clients.
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