AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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4781-4800 of 5048
Yup, u r right.
Trading shares should not merely for the div, a trader goes for capital gains, div is just an added bonus if happened to hold tat stock, I will still exit if there is any sell sign and ignore the div.
louiewoo ( Date: 19-Aug-2009 11:39) Posted:
1 lot=$6/40 only DIV.
bennykusman ( Date: 19-Aug-2009 11:33) Posted:
| wow.. that's high div.. which means the price will be going up more than 0.64 cts |
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1 lot=$6/40 only DIV.
bennykusman ( Date: 19-Aug-2009 11:33) Posted:
wow.. that's high div.. which means the price will be going up more than 0.64 cts ?
richtan ( Date: 19-Aug-2009 10:48) Posted:
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Div - 0.64 cts
ex - 24/10
Payable - 6/11 |
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wow.. that's high div.. which means the price will be going up more than 0.64 cts ?
richtan ( Date: 19-Aug-2009 10:48) Posted:
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Div - 0.64 cts
ex - 24/10
Payable - 6/11
bennykusman ( Date: 19-Aug-2009 10:34) Posted:
| when ausgroup share the dividen ? anyone knows how much |
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Trade Summary shows more buy-up:
| WEIGHTED AVG PRICE : 0.6036 |
LAST DONE PRICE : 0.605 |
| SPREAD/PRICE RATIO : 0.0000 |
AVG TRADE SIZE : 59.495 |
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Div - 0.64 cts
ex - 24/10
Payable - 6/11
bennykusman ( Date: 19-Aug-2009 10:34) Posted:
when ausgroup share the dividen ? anyone knows how much ?
richtan ( Date: 19-Aug-2009 10:03) Posted:
| Vol in one hour of trading had aredi exceeded yesterday's vol |
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when ausgroup share the dividen ? anyone knows how much ?
richtan ( Date: 19-Aug-2009 10:03) Posted:
Vol in one hour of trading had aredi exceeded yesterday's vol.
richtan ( Date: 19-Aug-2009 09:44) Posted:
| Vol in less than an hour of trading, almost catched up with yesterday's vol. |
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From OCBC Mkt Pulse:
AusGroup Ltd:
Dust has settled & we like what we see.
AusGroup Ltd's 4Q revenue rose 19.2% YoY and 18.7% QoQ to A$118m, while profit after tax
jumped 21.6% YoY and 67.5% QoQ to A$6.9m.
4Q09 earnings beat our (conservative) expectations significantly and also beat management
guidance given at 3Q results.
Management expects an adverse effect on 1H10 revenue and earnings due to anemic tendering
over 4Q CY2008 to 2Q CY2009. Tendering and project planning is now back in full-swing,
at least for the blue-chip customers AusGroup targets.
Earnings visibility has improved, increasing our confidence in our FY10F and FY11F estimates.
Key earnings drivers include BHP Billiton's RGP5 project, Woodside's Pluto LNG project and
the Chevron-led Gorgon LNG project.
The better medium-term outlook is not fully priced in, in our view.
We peg our valuation to 14x FY10F earnings (prev: 11x FY10F) or 10x FY11F earnings.
Our revised fair value estimate is S$0.70 (prev: S$0.51).
Upgradeto BUY.
Morning Call
AusGroup Ltd: Dust has settled & we like what we see.
4Q surpasses expectations.
AusGroup Ltd reported a 19.2% YoY and 18.7% QoQ increase in 4Q09 revenue to A$118m.
Profit after tax meanwhile rose 21.6% YoY and 67.5% QoQ to A$6.9m.
For the full-year, revenue grew 26% to A$478.2m, while net profit rose 52% to A$21.9m.
4Q09 earnings beat our (conservative) expectations significantly and also beat management
guidance given at 3Q results.
The company booked a A$4.1m impairment on Cactus over 2H09.
AusGroup's balance sheet was in a net-cash position as of 30th June.
Current order book stands at A$403m.
This has been a tough year particularly for the minerals resources sector, which was
hit hard by significant declines in commodity prices and by tight credit markets.
Majors and minors alike froze or deferred capital expenditure programs.
Tendering slowed to a virtual halt over 4QCY2008 to 2Q CY2009 creating an "order book hole".
Management expects an adverse effect on 1H10 revenue and earnings.
We're currently estimating a 17% sequential dip in 1Q10 revenue, which may be slightly optimistic.
Negative operating leverage - a fixed cost/falling volume effect - may also impact margins.
But industry is making plans again. We note that the minerals resources sector is rapidly ascending
the hierarchy of needs from necessity capex to replacement capex and back to expansion capex.
Tendering and project planning is back in full-swing, at least for the blue-chip customers
AusGroup targets.
Meanwhile, the oil & gas sector is underpinned by major LNG projects flowing through the next
one to four years.
More confidence in estimates.
Our earnings estimates are unchanged but reflect a lower-than-expected share base post the
Modern Access (MAS) acquisition. Earnings visibility has improved, increasing our confidence in
our FY10F and FY11F estimates.
Key earnings drivers include BHP Billiton'sRGP5 project, Woodside's Pluto LNG project and the
Chevron-led GorgonLNG project.
Dust has settled and the view is good.
We believe 2H10 and FY11,especially, will present a very different picture of the company.
The better medium-term outlook is not fully priced in, in our view.
The current share price values AusGroup at 11.6x FY10F and 8.5x FY11F earnings.
We peg our valuation to 14x FY10F earnings (prev: 11x FY10F) or 10x FY11Fearnings.
Our revised fair value estimate is S$0.70 (prev: S$0.51).
Upgrade to BUY.
Key risks include
1) deterioration in industry outlook;
2) marginsqueeze on competition;
3) project slippage;
4) execution risk on MAS.(Meenal Kumar)
starting monitoring this one now....
OCBC also upgrade to BUY for this counter....towards a quite positive perspective
Vol in one hour of trading had aredi exceeded yesterday's vol.
richtan ( Date: 19-Aug-2009 09:44) Posted:
| Vol in less than an hour of trading, almost catched up with yesterday's vol. |
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Vol in less than an hour of trading, almost catched up with yesterday's vol.
 x 0
 x 0
* Alert Admin |
Imo, Ausgroup is also forming cups with handle similar to Straits Asia (SAR), see my chart posting in SAR
Below is my chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start
making unconstructive comments and plse do not be so childish or lunatic as to abuse the
rating system by rating it as "bad post", accumulating for yourself and your
next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing.
This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
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Congrats to u too.
Lets HUAT together
star-trader ( Date: 18-Aug-2009 22:09) Posted:
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RichTan,
I vested on this too at 0.575. Half-engulfing bullish pattern forms today and increase of volume as per say..
rgds, star-trader
richtan ( Date: 18-Aug-2009 14:56) Posted:
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Trade Summary shows more buy-ups:
| WEIGHTED AVG PRICE : 0.5762 |
LAST DONE PRICE : 0.585 |
| SPREAD/PRICE RATIO : 0.0085 |
AVG TRADE SIZE : 54.151 |
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Congrats especially to those who followed my chart analysis and dared to buy last Fri when it presents one of the best opportunity
when it bounced off the 15ema with tight stop-loss if it close below the 25ema or 65ema.
AusGroup delivers record earnings of AUD$21.9 million for FY2009
Earnings surged 52% against an increase of over 26% in turnover to AUD$478.2 million
Robust net cash flow of AUD$63.1 million from operations
Strong balance sheet with a net cash position gearing wise
Current order book of AUD$403 million as at 31 July 2009
SINGAPORE AND AUSTRALIA – 18 August 2009 – AusGroup Limited (“AusGroup” or “the Group”), specialist service provider to the natural resources sector, today announced strong earnings growth for the twelve months ended 30 June 2009 (“FY2009”).
Increased activity levels in the Australian construction segment fuelled the revenue growth for FY2009.
The gross profit jumped over 48% to AUD$71.5 million in FY2009 as the gross profit margin improved from 12.7% in FY2008 to 14.9% in FY2009.
The margin improvement was due to improved project execution and timing of variation approvals of several projects within the Australian engineering segment which were finalized in the last quarter of FY2009. However, increased depreciation charges, as a result of the capital works program of FY2008 and FY2009 and certain lower margin contracts in the Australian services segment have offset the increase in gross profit margins faintly.
Other operating income for FY2009 increased by 86% to AUD$3.6 million due to the sale of properties (14 Tuas Link 1 and 4 Tuas Link 1) in Singapore and due to increased interest income earned during the financial year on the cash balances held.
Overall, total overhead expenses (excluding impairments) increased in line with the increased business activity, but remained stable at about 7.0% – 7.5% of the Group’s revenue.
The Group had impairment expenses of AUD$4.1 million in FY2009 that related to impairment of assets held for sale of AUD$1.3 million and the impairment of goodwill related to Cactus of about AUD$2.7 million.
The net profit margin improved from 3.8% in FY2008 to 4.6% in FY2009. The basic earnings per share for FY2009 were 5.5 Australian cents compared with that of 3.6 Australian cents in FY2008.
There was no material impact on the Group’s profit after tax as a result of the acquisition of Modern Access Services Pty Ltd (“MAS”) as MAS was part of the Group for only one month in FY2009.
Higher profit level and better working capital management helped generate robust net cash flow from operating activities of AUD$63.1 million in FY2009.
The cash and cash equivalents on the balance sheet as at 30 June 2009 stood at AUD$25.2 million.
In FY2009, the Group repaid borrowings of AUD$27.6 million and ended the financial year with a net cash position gearing wise.
Shareholders’ equity increased from AUD$88.6 million as at 30 June 2008 to AUD$116.1 million as at 30 June 2009 mainly due to FY2009 profit contributions.
In addition shareholder equity was positively impacted by an increase in the foreign exchange translation reserve as a result of the Singapore dollar strengthening against the Australian dollar and from the issue of additional shares on the acquisition of MAS.
“We are pleased by the Group’s performance in FY2009. The results are encouraging and indicate we are on the right track as we continue to implement
our FIX, BUILD, GROW strategy. We still have a lot of work to do as we seek to improve the consistency of earnings across all parts of our business. This will be a major focus for us over the next 12 months. That said we have a challenging 6 months ahead as the effects of the Global Financial Crisis (GFC) impact our revenues and earnings, particularly in the mineral resources sector.
Activity in this sector has been impacted over the last 9 months as a number of resource development projects were delayed, deferred or cancelled.
What is encouraging is that we are now seeing increased tendering activity across the mineral resources sector which in turn will flow on to improved demand for the Group’s services in the second half of 2010FY.
On the oil and gas side of our business we remain quietly confident as we are well positioned to secure opportunities from the strong Western Australian LNG
sector.
We have a strong order book, a healthy balance sheet, a clear and focused strategy and good exposure to the recovering demand in the natural resources
markets. We are well positioned to continue to deliver solid returns to our shareholders”
John Sheridan, CEO and Managing Director, AusGroup Limited
The Group’s order book stood at AUD$403 million as at 31 July 2009.
The Group continues to implement its strategic plan to improve operational performance and the strategy is being progressively implemented.
The Group expects, from time to time, delays in the finalizing of variations around certain types of construction projects which can create a degree of variability in the Group’s results from quarter to quarter. The Group’s accounting policy is to recognize costs as they are incurred, which may not match revenue from variations, as these have to be negotiated (sometimes protracted) with clients.
The Group wishes to inform that the presentation slides for the Group’s full year results briefing are available at the Group’s website, www.ausclad.com.au
--The End--
RichTan,
I vested on this too at 0.575. Half-engulfing bullish pattern forms today and increase of volume as per say..
rgds, star-trader
richtan ( Date: 18-Aug-2009 14:56) Posted:
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Trade Summary shows more buy-ups:
| WEIGHTED AVG PRICE : 0.5762 |
LAST DONE PRICE : 0.585 |
| SPREAD/PRICE RATIO : 0.0085 |
AVG TRADE SIZE : 54.151 |
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richtan ( Date: 18-Aug-2009 14:55) Posted:
| I m a buyer just now, bot at 0.57 but will exit if it hit my stop-loss below 0.565 on closing for 2 continuous days. |
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Hope this is good news for all! =)
Full yr Revenue up 26.2% fm 48.2 to 71.4M GP up 48.3% PBT up 70.2 to AUD 33.2M
Dividend amount per share - 0.64 Singapore cents
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A5AF7FA625A8303E48257616002E800F/$file/AusGroup.FinancialStatementsAndDividendAnnouncement.pdf?openelement
With 2 more hours to go, vol will definitely exceed yesterday's vol, now almost on par aredi
richtan ( Date: 18-Aug-2009 14:56) Posted:
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Trade Summary shows more buy-ups:
| WEIGHTED AVG PRICE : 0.5762 |
LAST DONE PRICE : 0.585 |
| SPREAD/PRICE RATIO : 0.0085 |
AVG TRADE SIZE : 54.151 |
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richtan ( Date: 18-Aug-2009 14:55) Posted:
| I m a buyer just now, bot at 0.57 but will exit if it hit my stop-loss below 0.565 on closing for 2 continuous days. |
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Trade Summary shows more buy-ups:
| WEIGHTED AVG PRICE : 0.5762 |
LAST DONE PRICE : 0.585 |
| SPREAD/PRICE RATIO : 0.0085 |
AVG TRADE SIZE : 54.151 |
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richtan ( Date: 18-Aug-2009 14:55) Posted:
| I m a buyer just now, bot at 0.57 but will exit if it hit my stop-loss below 0.565 on closing for 2 continuous days. |
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I m a buyer just now, bot at 0.57 but will exit if it hit my stop-loss below 0.565 on closing for 2 continuous days.
Hi will040,
Many thanks for your sharing.
Lets HUAT together.
will040 ( Date: 18-Aug-2009 14:32) Posted:
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Phillip Capital
Morning Notes
Calendar
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| Earning Announcement – Singapore |
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Name |
Expected Report Date* |
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Ausgroup Ltd |
August 25, 2009 |
richtan ( Date: 18-Aug-2009 14:25) Posted:
Trade Summary shows more buy-ups, see my chart analysis (but dyodd n BOSAYOR):
| WEIGHTED AVG PRICE : 0.5747 |
LAST DONE PRICE : 0.575 |
| SPREAD/PRICE RATIO : 0.0000 |
AVG TRADE SIZE : 46.529 |
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