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Ausgroup - the train is moving soon
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josephyeo
Elite |
21-Sep-2017 02:53
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Brent crude up S1.02 at S56.16 at time of posting.
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josephyeo
Elite |
21-Sep-2017 02:50
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Full year profit - S$5,024,000.
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josephyeo
Elite |
19-Sep-2017 18:45
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Firming oil price should be good for the company. At time of post brent crude is up by 30 cts at $55.78 | ||||
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happyharvest
Elite |
19-Sep-2017 03:23
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The &ldquo Issue Price&rdquo of each New Share is S$0.058 and represents a premium of approximately 17.9% above the volume-weighted average price (&ldquo VWAP&rdquo ) of S$0.0492 per Share for trades done on the SGXST over the 30 market days preceding the date of this announcement. The New Shares will be traded on the SGX-ST in a minimum board lot size of 100 New Shares.
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josephyeo
Elite |
18-Sep-2017 20:55
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AusGroup^: General Announcement :: Investor Presentation - QTR4 FY2017 | ||||
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josephyeo
Elite |
18-Sep-2017 20:52
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Good, if Noteholders agree to the conversion .. see below link AusGroup - Proposed Invitation to Noteholders.pdf |
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TraderBen
Supreme |
04-Sep-2017 12:36
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http://oilprice.com/Energy/Natural-Gas/Australia-Set-To-Be-Largest-LNG-Exporter-By-2020.html Look at this..Ausgroup have lots to gain from this.. |
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westpoison
Veteran |
28-Aug-2017 16:34
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I think you can breakeven soon.
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TraderBen
Supreme |
28-Aug-2017 16:12
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my avg 290 lots at 0.055.. hopefully patience will be paid off.. since last yr.. | ||||
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westpoison
Veteran |
28-Aug-2017 15:26
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I put in $10k, 195 lots at 0.051. I think there will be a breakout soon. | ||||
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Msport
Elite |
28-Aug-2017 11:22
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https://www.theedgesingapore.com/ausgroup-swings-back-profitability-fy17-absence-one-impairments | ||||
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TraderBen
Supreme |
28-Aug-2017 11:21
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no interests? lol | ||||
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TraderBen
Supreme |
26-Aug-2017 11:31
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Dont say good things never share.. this is a gem not to be missed in the next few quaters.. AusGroup delivers net profit of AU$4.6 million for FY2017 Q4 FY2017 highlights · Increased level of revenue at AU$121.2m for the quarter and AUS$435.0m for the full year. · Increased Gross profit in the quarter by AU$9.5m to AU$44.7m for the full year to June 2017. · Continuing good performance from previous quarters resulting in further growth in EBIT of AU$4.3m to a full year EBIT of AU$18.3m. · Successfully completed debt to equity conversion resulting in a reduction in debt of AU$34.1m, realising gains of AU$5.5m. · Balance Sheet re-structuring improves balance sheet as net debt decreases by AU$40.2m since June 2016. · Work in hand has increased to AU$419.6m as at 30 June 2017, following extensions received on our key maintenance projects in the Energy & Process sector. AusGroup Limited (&lsquo AGL&rsquo or &lsquo AusGroup&rsquo or the ' Group' ) today announced its results for the three months ended 30 June 2017 (&lsquo Q4 2017&rsquo ). This release should be read in conjunction with our SGX Announcement. Income statement (abstract) Q4 2017 AU$' 000 Q4 2016 AU$' 000 +/(-) % FY2017 AU$' 000 FY2016 AU$' 000 +/(-) % Revenue 121,153 102,630 18.0 434,960 470,820 (7.6) Gross profit 9,496 8,928 6.4 44,674 34,405 29.8 Gross margin 7.8% 8.7% 10.3% 7.3% Other operating income (286) 1,922 n.m. 894 3,134 (71.5) Administration, marketing & other costs (4,926) (12,654) (61.1) (27,296) (51,248) (46.7) Impairment - (132,812) n.m. - (189,308) n.m. EBIT 4,284 (134,616) n.m. 18,272 (203,017) n.m. Net gain on debt conversion 5,541 - n.m. 5,541 - n.m. Finance costs (4,446) (5,345) (16.8) (17,104) (15,901) 7.6 Income and withholding tax (2,908) (7,261) n.m (3,574) (7,294) n.m. Discontinued operations (108) (18,242) n.m. 1,438 (32,710) n.m. Net profit/(loss) for the period 2,363 (165,464) n.m. 4,573 (258,922) n.m. Margin 2.0% (161.2%) 1.1% (55.0%) 1.0% n.m &ndash not meaningful AusGroup has now reported three profitable quarters resulting in a significant improvement in the underlying profitability of the Group in FY2017, with key contributions from all projects in the Energy & Process sector. The restructuring of the balance sheet through the successful debt to equity swap conversion has resulted in an SGX/MEDIA RELEASE For Immediate Release Company Registration Number 200413014R 15 Hoe Chiang Road, #12-05 Tower Fifteen, Singapore 089316 * Page 2 of 4 improvement in the net debt position by AU$40.2m and market capitalisation has increased to AU$70.6m as at 24 August 2017. Gross margins have also increased during the year, due to the continued good performance on the back of the improved results from the energy and process contracts with gross profit and margins increasing to AU$44.7m and 10.3% respectively for the full year to June 2017. The net profit of AU$4.6m for FY2017 demonstrates the significant turnaround in the results since the losses reported in FY2016, with sustainable quarterly profits now being produced throughout the year. Operational Performance Revenue for the quarter of AU$121.2m was up 18.0% as compared to the corresponding period of Q4 2016 and as previously reported, the results have been underpinned by a strong performance from the energy and process sector, with key contributions from AusGroup&rsquo s core project work. Gross profit for the quarter was AU$9.5m, up 6.4% from a gross profit of AU$8.9m in the corresponding period of Q4 FY2016 and for the full year the gross profit was AU$44.7m and gross margins of 10.3% (improvements of AU$10.3m and 3.0% respectively over the corresponding Q4 FY2016). As reported at Q3 FY2017, the continued improvement in the underlying gross profits indicates that the results delivered have been realised due to the operational efficiencies that have resulted from the re-organisation of the business and improved project support. Administration, marketing and other costs in the quarter were AU$4.9m, representing a 61.1% decrease from the corresponding period Q4 FY2016. The savings YoY when taking into account normalised overheads1 has realised AU$19.8m in the full year to June 2017. Discontinued operations recorded a loss in the quarter of AU$0.1m due to administration expenses incurred. Included in FY2017 discontinued operations profit of AU$1.4m are the gains related to the sale of the equipment in the Singapore fabrication and manufacturing business, realising AU$1.3m from the disposal. Financial position 30 Jun 2017 AU$' 000 30 Jun 2016 AU$' 000 +/(-) % Cash & cash equivalents 33,851 22,095 53.2 Total borrowings 150,694 179,150 (15.9) Equity 23,298 (14,867) 256.7 Cash and cash equivalents for the Group as at 30 June 2017 have risen by 53.2% to AU$33.9m due to improvement in the recovery of trade receivables during the year and also includes an increase in funding with AU$13.5m utilisation of a two month short term bridging facility pending receipt of final payments on completing contracts. Net Borrowings2 have reduced AU$40.2m since Q4 FY2016 to AU$116.8m due predominantly to the successful completion of the debt to equity swap conversion realising reductions in debt of AU$34.1m, upfront partial redemption of the Multi Currency Notes of AU$3.7m and scheduled net repayments of existing bank and non-bank debt balances. 1 Impairment, |
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TraderBen
Supreme |
24-Aug-2017 11:15
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http://infopub.sgx.com/FileOpen/AusGroup%20-%20Ichthys%20Project%20Extension.ashx?App=Announcement& FileID=468148 SGX/MEDIA RELEASE For Immediate Release Company Registration Number 200413014R 15 Hoe Chiang Road, #12-05 Tower Fifteen, Singapore 089316 Page 1 of 1 Singapore and Australia 23 August 2017 AMJV awarded further work on Ichthys Project Onshore LNG Facilities AusGroup Limited (the &ldquo Company&rdquo ) is pleased to announce that AMJV, a joint venture between AusGroup subsidiary AGC Industries Pty Ltd and Meisei Industrial Co. Ltd, has been awarded an extension of works on the INPEX-operated Ichthys LNG Project by JKC Australia LNG Pty Ltd (&ldquo JKC&rdquo ). The scope of work for the initial subcontract, awarded in 2014, has been increased to include further painting, surface protection, fireproofing and insulation works for the onshore facilities near Darwin, Northern Territory, Australia. Chief Executive Officer Shane Kimpton said &ldquo We are very pleased to be able to continue our work on the Ichthys Project Onshore LNG Facilities, providing quality services to the LNG construction sector. This AU$165 million contract extension supports increased job opportunities as well as community and economic development for the region.&rdquo The Ichthys LNG Project is a Joint Venture between INPEX group companies (the Operator), major partner Total, CPC Corporation Taiwan and the Australian subsidiaries of Tokyo Gas, Osaka Gas, Kansai Electric Power, JERA and Toho Gas. Ends Likely today or tomorrow full year results.. |
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makdatok
Supreme |
19-Jul-2017 12:55
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Oil price going nowhere..wait n see first...hiak | ||||
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makdatok
Supreme |
19-Jul-2017 12:51
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Closed long at 54...4 pips enough oso...if cannot reach tp,just take whatever profit..will enter at better entry px..hiak | ||||
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TraderBen
Supreme |
19-Jul-2017 12:47
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the usual pump and dump again..lol | ||||
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makdatok
Supreme |
19-Jul-2017 09:11
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60...but if want to giv me more,il accept it...hiak3 | ||||
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TraderBen
Supreme |
18-Jul-2017 16:57
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no 10 cents no cents seriously.. | ||||
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makdatok
Supreme |
18-Jul-2017 15:22
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Yeah man..giv me 60 | ||||
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