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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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pharoah88
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26-Aug-2010 11:04
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when PAiD cOverage Is dIscOntInued tIme tO CHERRY PiCK accUmUlatIOn nEEds tO bE lOw kEy fOr maxImUm EffEct
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pharoah88
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26-Aug-2010 10:59
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BHP profit more than doubles to $12.7b SYDNEY Net profit for the year to June 30 was US$12.7 billion ($17.2 billion),up from US$5.9 billion the year before, the Melbourne-based company said in a statement. Net debt fell to US$3.3 billion, down 41 per cent from last year. Revenue for the year was US$52.8 billion, up 5.2 per cent from US$50.2 billion a year earlier amid record sales of iron ore, metallurgical coal and petroleum. Despite the strong result, the company said it remained “cautious” on the short-term outlook for the global economy. The company declared a final dividend of 45 cents a share, up from 41 cents the year before. Last week, BHP launched a hostile US$38.5 billion takeover offer for Canadian fertiliser company Potash Corp of Saskatchewan Inc. On Monday, Potash said its board voted unanimously to reject the bid. Shares of BHP closed down 10 cents, or 0.3 per cent, to AU$37.44 ($45.1) on the Australian stock exchange yesterday. — BHP Billiton, the world’s biggest miner, said yesterday its full year earnings more than doubled, as the company slashed its debt and enjoyed record demand for iron ore.AP |
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pharoah88
Supreme |
24-Aug-2010 10:05
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AusGroup Ltd: Discontinuing coverage on low visibility Summary: While AusGroup Ltd’s 4Q10 revenue of A$123.2m actually rose 4.3% YoY, these gains were more than erased with gross margin falling a whopping 12.9 percentage points versus 4Q09 to 7.7%. 4Q’s loss after tax of A$5.3m compares to a profit of A$6.9m in 4Q09. We note that even if we strip out the Cactus impairment charge, AusGroup is running at a net loss for the quarter. For FY11, AusGroup expects higher revenue levels compared to FY10 but earnings are expected to remain weak. While management expects stronger tendering activity in 2H11, the key caveat is that the Resource-Tax overhang and global macro uncertainties have made “it difficult to accurately predict project opportunity timings”. At the same time, the group is moving to “rationalize” its Australian manufacturing & fabrication business. This entails both scaling back capacity and selling off equipment; our concern is this could further impact earnings in the coming quarters. With continued lack of visibility on earnings recovery and ongoing restructuring activity at Cactus and the fabrication business, a concrete turnaround in performance looks a long way off. As such, we are DISCONTINUING COVERAGE on the group [prev: HOLD, FV:S$0.45]. (Meenal Kumar) |
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pharoah88
Supreme |
24-Aug-2010 08:30
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Need to see whether the drop is caused by One-Off event or regular operations ? Need to see whether SUPER PROFIT TAX will be REMOVED after the Election ? Those who it is the bOttOm [like when Genting was S$0.850], they will CHEERY PiCK now. The FACT that AUSGROUP declares DIVIDEND at this UNCERTAIN TIME is a SIGN of MANAGEMENT's CONFIDENCE that this is their bOttOm. Otherwise, MANAGEMENT would nOt WASTE its CASH nOw.
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stkoh78
Member |
24-Aug-2010 00:57
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So will Ausgroup rally or drop tomorrow drop on this news => The Group’s net profit attributable to equity holders for FY2010 decreased by 89.2% to AU$2.4 million. or rally on this news => Proposed final cash dividend of 0.64 Singapore cents per share
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pharoah88
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23-Aug-2010 19:44
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Latest NewsAusGroup FY2010 earnings at AU$2.4 million Net cash flow of AU$37.3 million from operating activities Cash and cash equivalents of AU$26.4 million as at 30 June 2010 Order Book stands at AU$362 million (as of end July 2010) Proposed final cash dividend of 0.64 Singapore cents per share AusGroup Limited (‘AGL’ or ‘AusGroup’ or the 'Group') today announced its results for the three/twelve months ended 30 June 2010 (‘4Q FY2010/ FY2010’). |
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pharoah88
Supreme |
13-Aug-2010 19:22
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Thanks for the posting.
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benjitan
Member |
13-Aug-2010 14:10
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AusGroup Awarded New Contracts AusGroup Limited is pleased to announce the award of several contracts across the AusGroup business including fabrication, construction and scaffolding services projects. The first contract is the award of a AU$25 million contract by Rio Tinto. AusGroup’s subsidiary, AGC Industries Pty Ltd, was awarded the contract for the Cape Lambert Port A Sustaining Works Project comprises of the implementation of a replacement iron ore product screen building located at Cape Lambert in North Western Australia. The scope of work includes the fabrication and construction of a new screen building, feed and discharge conveyors and associated transfer station consisting of 840 tonne of structural steel, platework, conveyor systems and installation of 150 tonnes of client supplied mechanical equipment. Completion is expected in May 2011. AusGroup also secured a AU$12 million contract for scaffolding installation services for BHP Billiton Worsley Alumina Pty Ltd. The contract was awarded to MAS Australasia Pty Ltd, a subsidiary of AusGroup Limited, who will undertake the provision of scaffolding installation services to support construction works for BHP Billiton Worsley’s Efficiency and Growth Project, located in South Western Australia. Completion is scheduled for August 2011. AusGroup’s Managing Director John Sheridan said “We are delighted to secure these contracts and look forward to delivering these projects to the complete satisfaction of our clients.” With these new major awards and other various project awards, the Group’s order book now stands at AU$362million. |
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benjitan
Member |
11-Aug-2010 12:43
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...it was an impairment loss by its subsidiary & reflected as an expense thus contributing to its loss for the 4th.quarter. But it is expected to be still profitable for the full year ended 30 June 2010. | ||||
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pharoah88
Supreme |
10-Aug-2010 18:44
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Profit guidance for fourth quarter ended 30 June 2010The Board of Directors of AusGroup Limited (the 'Company' and together with its subsidiaries, the 'Group') deems it appropriate to announce that the Group is expected to report a loss for the fourth quarter ended 30 June 2010. |
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lowchia
Veteran |
05-Aug-2010 22:17
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On Thursday, AusGroup re-test its major resistance at $0.54 and closed at $0.525 with high volume of 7.81 million shares traded. Separating lines occurred. If the lines occur during an uptrend and the first line is black and the second is white then this suggests that the uptrend should continue. However we would like to highlight that we do not like the long upper shadow which indicates profit taking at resistance level. Both RSI & MACD are turning bullish as MACD lines about to perform a golden cross. Important Resistance of AusGroup: $0.54 Immediate Support of AusGroup: $0.515 Currently the prices are resisted by the technical/100 days MA at $0.54. We would not encourage any long term investors to enter this stock as prices are trending in a long term falling channel since Sept 2009. As of now, AusGroup are supported by the short term rising line and prices tried to break out of $0.54 with high volume today but failed. SEE ANALYSIS FOR SMRT If Ausgroup managed to break out of the major resistance at $0.54 with high volume, it could be a sign of bullish and more upside will be expected. |
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pharoah88
Supreme |
05-Aug-2010 15:29
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down trend channel REVERSAL ?
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guppy724
Member |
05-Aug-2010 10:58
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Thanks for this Interesting news. Let's see if it will do good for ausgrp.
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benjitan
Member |
05-Aug-2010 10:30
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Perhaps due to the recent news (yesterday) on renewed interest in spending/investment by mining giants. Rio Tinto plans to invest an additional US$790m (375 million dollars for marine works related to the construction of a new wharf at its Cape Lambert port, in the iron-rich Pilbara region, and 415 million dollars for equipment and infrastructure) to expand the capacity of its iron ore operations in Western Australia's Pilbara region (Western Australia). Rio Tinto and BHP Billiton are hoping to get regulatory approval to combine their operations at Pilbara into a joint venture. Both RT and BHP are already clients of AusGroup. And the super tax (Australia) is likely to be scrapped by the opposition Liberal-National coalition who edged ahead of the Labor party in the polls for the first time (the election will take place on 21 August)... |
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guppy724
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05-Aug-2010 10:02
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Ausgrp is active today. Not sure, someone buying or selling? hope to see .60c again : ) |
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pharoah88
Supreme |
26-Jul-2010 08:39
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pharoah88
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24-Jul-2010 17:33
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(RTTNews) - That outlook appeared to be under threat, however, by former Prime Minister Kevin Rudd's plans for a 40% tax on miners' profits. Several mining giants threatened to pull out investment from the country and halt projects because of the resource super tax, which they said seriously risked Australia's competitiveness.
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pharoah88
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15-Jul-2010 08:48
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What BP and Obama Still Won't Tell You
By Ian Cooper | Wednesday, July 14th, 2010
Shortly after being sworn in, the President of the United States is briefed on secrets of national security... secrets of our nation's frailty... secrets that aren't revealed to anyone except top government officials. But what Obama let slip — and what commentators on NBC, Fox, and MSNBC completely missed — could send the price of oil skyrocketing... and a nation into panic mode: Oil is a finite resource... We consume more than 20 percent of the world’s oil, but have less than 2 percent of the world’s oil reserves. And that’s part of the reason oil companies are drilling a mile beneath the surface of the ocean: because we’re running out of places to drill on land and in shallow water. For decades, we have known the days of cheap and easily accessible oil were numbered. For decades, we’ve talked and talked about the need to end America’s century-long addiction to fossil fuels. And for decades, we have failed to act with the sense of urgency that this challenge requires. Anyone with any doubt that cheap, easily-found oil is still out there is delusional. If there's still cheap, easy oil to be had... Then why would BP be drilling in miles-deep water? |
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susan66
Master |
12-Jul-2010 18:50
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Rather slowing moving but looks like accumulating now, may see improvement soon. Be patient, chart looks healthy, it will come. 
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yummygd
Supreme |
12-Jul-2010 16:34
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quite disappointing this counter. was one of my fav but sold it when it fell to 60cent. all the contracts never make it?? hmmm
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