To accommodate expected growth, Macadams has bought the six hectares of ground adjacent to its existing plant on which it plans to build a new assembly plant and warehouse as demand increases. It was lucky enough to buy the land for the bargain price of R1,4-million from a French company looking to sell. Macadams has been popular with financial institutions such as Coronation, BOE, Norwich and Investec . It is therefore virtually debt-free and McEvoy says expansion plans will be financed from cash flow. Potential for the share doesn't seem to have been dampened by high growth over the past year.
Investors are likely to see a further uptick in their investment.