Australian SPO share price has raced 60% higher since August

Shares of Spotless Group Holdings Limited closed at 1.69 last week. The company currently has a total float of 1.10 billion shares and on average sees 14,226 shares exchange hands each day.

The company is traded on the ASX – Australian Securities Exchange – and has an interesting liquidity profile. Gaining accreditation for listing in the index is always a positive for companies given that the popularity that comes with the same goes a long way in enticing investment as well as research from stock broking firms and analysts. Stocks listed in the index come from a wide range of sectors ranging from utility financials to healthcare and the Spotless Group Holdings Limited liquidity position heated the attention of numerous investors from abroad.

The company provides outsourced facility, laundry and linen, technical and engineering, and maintenance and asset management services; and refrigeration solutions to various industries in Australia and New Zealand. The firm operates through Facility Services and Laundry Services divisions and offers a wide range of services, such as air-conditioning, mechanical and electrical services; asset maintenance and management services; catering and hospitality services; cleaning services; facilities management services and laundry management services.