Sydney Airport Holdings Ltd (ASX: SYD)
Sydney Airport and the NSW Government jointly announced yesterday a commitment to invest almost $500 million to improve traffic flow in and around Sydney Airport. With the airport expecting to serve some 74 million passengers by 2033, ongoing infrastructure improvements are essential to ensuring the efficient transition of customers.
Better yet, the expansions are all included in this year's profit guidance released in February, which means no downside for investors. It's yet to be seen if there will be any significant extra costs associated with the power outage over the weekend however.
Dick Smith Holdings Ltd (ASX: DSH)
Six months out of its IPO, and the new and improved Dick Smith has beaten its prospectus forecast in tough retail conditions, with like-for-like sales up 4%. It's welcome news in a company whose share price has fallen sharply recently over fears of a retail slump amid poor consumer confidence.
The company also expects to announce its Asian strategy later this week. Considering many Asian nations are enjoying booming economies and a rapidly expanding middle class, Dick Smith might well turn out to be a diamond hiding in the rough of Australian retail.
Alternative energy breakthroughs
These two tiny tech shares aren't the usual fare of a Foolish investor, not least because the rate of attrition for tech companies trying to strike it big is horrific. However, I do like to keep an eye on the ones that appear more commercially viable, two of which have big news this week.
Carnegie Wave Energy Limited (ASX: CWE) received a grant of $11 million dollars for its 1MW energy generator project CETO 6, which will sell its power to naval base HMAS Stirling. Combined with a $20 million dollar loan from the government Clean Energy Finance Corporation, the company looks very likely to complete the next step in its wave energy commercialisation.
Ceramic Fuel Cells Limited (ASX: CFU) today announced a massive improvement in their cell technology, to the point where its BlueGEN products degrade 70% slower over the course of 4,000 operating hours. It's still a fair way off the target 10-year product lifespan, but such a huge improvement is very encouraging and much welcomed by the company's customers.
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