24 November 2011
tagged: asx-clh debt-collection financial-services | 0 comments
Today Collection House (ASX:CLH) have announced that they have raised $5.84m at 70.1c per share (last traded at 74c). $0.849m of which is actually part of the Dividend Reinvestment Plan (DRP), the rest from the actual capital raising itself. A total of 8,343,413 shares will be issued diluting the stock by 7.8% and increasing to total number on issue to approximately 107m shares. This should come as no great surprise. On 12th September 2011 I...
07 November 2011
tagged: asx-ccp debt-collection financial-services | 0 comments
Today Credit Corp Group (ASX:CCP) held their AGM and provided some details on their start to the first four months of the financial year. The company also revised upwards the previous FY12 guidance issued in August 2011. PDL acquisitions: $50 - $65m (previously $45 - $65m) NPAT: $23 - $25m ($21 - 23m) EPS: 50 - 55 cents (46 - 51 cents) If the improvement in EPS for the first four months is extrapolated over...
26 October 2011
tagged: asx-mce mining-services | 0 comments
Matrix Engineering's (ASX:MCE) share price has been cascading down since we last spoke. Unfortunately the situation has gotten worse. Management have revised their FY12 revenue guidance growing 20% to 0-10%. And what's more, they've indicated that it'll be skewed towards the second half of the year. On top of this the company is also staring down at barrel of increased "non recurring" expenses due to the decommissioning and writedown of the Malaga plant and the...
14 September 2011
tagged: asx-web technology | 0 comments
Google acquired flight data company ITA Software for $700m over a year ago. Today they've added Google Flights, an air-fair search engine, to their search offering. It's US only for the time being, but I'm sure more locations will be added quickly. Webjet (ASX:WEB) shareholders should be a tad concerned with the medium-long term outlook of the company. Google has a habit of slowly iterating their products over time and eating the lunch of others....
11 September 2011
tagged: asx-ccp asx-clh debt-collection financial-services | 0 comments
It's always a good exercise put direct competitors together and see how they stack up. Credit Corp Group (ASX:CCP) and Collection House (ASX:CLH) are the two largest publicly listed debt collection companies in Australia. On the surface it's easy to put a case forward for Collection House. Fourth year of profit growth, 25% growth in underlying profit before tax year-on-year and an aggressive outlook with the company aiming to increase ledger purchases significantly (to $60...
30 August 2011
tagged: asx-sts construction mining-services | 0 comments
Structural Systems (ASX:STS) today reported FY11 results with further evidence that the company is on the verge of hitting its stride. The bottom line result itself was not of particular surprise with the company posting a NPAT near the top of its guidance two months ago coming in at $4.47m. In reality it probably did a bit better than expected as the company incurred an extra $600K before tax loss in the second half than...
25 August 2011
tagged: asx-clo asx-fge mining-services | 0 comments
Forge Group's (ASX:FGE) FY11 results came out last week and it's business as usual. Growing well, cash building up, strong order book ($355m after the last couple of contracts), JV with Clough started up with first contact win, Africa strategy sounds promising though have risks attached. Reasonably priced at around 11 trailing P/E. Revenue: $424.7m (up 72% year-on-year) NPAT: $38.8m (up 32%) Diluted EPS: 45.24c (up 20.2%) There's a bit of margin compression (employee salaries...
23 August 2011
tagged: asx-mce manufacturing mining-services | 0 comments
Matrix Composites and Engineering (ASX:MCE) manufacture buoyancy devices for offshore oil and gas producers and explorers. I collected a handful of stock over the last couple of weeks during the volatile period. Today the company reported their FY11 results. Although the year-on-year numbers are good, there were a few worrying items that had caught my attention. Second half of the year wasn't flash. Revenues were similar to first half but NPAT was down so margins...
16 August 2011
tagged: asx-ccp debt-collection financial-services | 0 comments
Credit Corp Group (ASX:CCP) reported their FY11 annual results today, and although slightly beating their last management guidance, it was pretty much as expected. Some of the main figures compared to the previous year are detailed below: Ledger acquisitions up 42% to $92.6m Ledger collections and fees up 14% to $206.8m Ledger amortisation up 6.3% to $93.1m Adjusted EBITDA up 11% to $129.8m NPAT up 55% to $21.0m EPS up 54% to 46.9c/share Dividend up...
11 July 2011
tagged: asx-mld mining-services watchlist | 0 comments
Mining services company who's services include contract mining, loading and hauling, drilling and blasting, crushing and screening, and civil infrastructure requirements. Many of these services appear to be operation types, and as such contacts tend to be longer than construction based mining services companies. In fact, the average term of a project is currently approaching 4 years. Listed in November 2010 at $1.00 and has been upward ever since. $33m of the $60m raised went...