Great Co.
No Seller.
Big Dividend.
Have a look!
BPT Half Yearly Report
We picked up a smallish parcel of BPT yesterday at $0.735. I was a bit nervous this morning when it went straight down to $0.71 before they announced their half year report. I think it's not a bad result. To summarize:
BEACH PETROLEUM MORE THAN DOUBLES FIRST HALF PROFIT CONFIRMING UNDERLYING EARNINGS STRENGTH --
- Beach's net profit after tax jumped 117% to a record $127.5 million from $58.8 million in the previous corresponding opening half.
- By excluding the gains from commodity hedging and write-off adjustments from the latest first half profit, the strength of Beach's normalised profit is further highlighted – up 142% to $52 million compared with the previous corresponding period.
- The profit hike was achieved with further strong growth in total revenue, up 41% from $340 million to a record $480 million, while higher oil and gas sales of 5.5 million barrels of oil equivalent (mmboe) and surging oil and gas production of 5.0 mmboe were also first half records for Beach.
- The Company's shareholders registered on 31 March 2009 will be paid a steady interim dividend of 0.75 cents per share by late April 2009.
BPT is sitting at 0.765 at the time I write this.
Half Year Results
All goods.. Including RUL, REX, BPT, AWE, IBA, IDL.
TGR is now on preopen...
Technically, RUL looks very strong at this moment.
Tassal Group (TGR), I am not sure what is happening there. The last 10 transactions today only trades either 1 or 2 shares in quantity, and pulling the share price down misserably:
| Tassal Group Limited (TGR) | |||||
|---|---|---|---|---|---|
| Date | Time | Price ($) | Quantity | Value ($) | Conditions |
| 24-02-2009 | 12:10 PM | $1.885 | 2 | $3.770 | |
| 24-02-2009 | 12:08 PM | $1.870 | 1 | $1.870 | |
| 24-02-2009 | 12:03 PM | $1.970 | 1 | $1.970 | |
| 24-02-2009 | 12:03 PM | $1.975 | 2 | $3.950 | |
| 24-02-2009 | 12:00 PM | $1.980 | 2 | $3.960 | |
| 24-02-2009 | 11:57 AM | $1.980 | 2 | $3.960 | |
| 24-02-2009 | 11:55 AM | $1.980 | 2 | $3.960 | |
| 24-02-2009 | 11:39 AM | $1.980 | 1 | $1.980 | |
| 24-02-2009 | 11:39 AM | $1.985 | 1 | $1.985 | |
| 24-02-2009 | 11:38 AM | $1.990 | 1 | $1.990 | |
And it's a good result - with a 4 cents dividend.
Crikey, they're manipulating the price before my eyes, and I can not do anything..:(
Anyway, I hope it will be a good day today afterall
IDL- What's the Catch?
A while ago, I would falling over myself to get in.
Consider this statistics:
IDL is trading at 1.5 Price Earning (P/E) Ratio
15% Dividend.
Sure it is creeping forward, but I just can't understand the masive sellers under 10 cents.
Update on Half Year Results to 31 December 2008
- First half Adjusted net profit after tax* $24.65 million – up 106% on prior comparative period.
- Impairment on Customer Contract, $17.18 million, recognised in first half reflecting previously announced termination of Handlebar Hill contract.
- Reported Net Profit $3.7 million (2007: $9.5 million), inclusive of non-cash amortisation and impairment charges.
- Confirms Adjusted NPAT* guidance range for FY2009 of $42 - $47 million.
In the course of finalising the audit review of half-year results to 31 December 2008, Industrea Limited has become aware that the half-year result is likely to be materially different from the prior comparative period.
Full disclosure and commentary on the half-year result will be released in due course however, in accordance with the continuous disclosure requirements of Listing Rule 3.1, the company is providing this market update.
Industrea is expecting to report an adjusted net profit after tax* for the half of $24.65 million, up 106% on the prior comparative period. The increase in adjusted net profit after tax* reflects improved financial results across Industrea’s businesses and the inclusion of trading results from the Huddy’s Mining Services business for the full period (2 months trading in the prior comparative period).
Reported net profit after tax for the period, of $3.7 million, is inclusive of a non-cash impairment charge on customer contract intangible assets, of $17.18 million. The impairment has arisen from the termination of the Handlebar Hill Open Cut contract, advised to the market on 14 January 2009 and, in consultation with the company’s auditors, is expected to be recognised in the first half results.
The first half result is in line with directors expectations and the company reaffirms its full year guidance for FY2009 of adjusted net profit after tax* in a range of $42 - $47 million.
* Net profit after tax prior to non-cash accounting adjustments to recognise the amortisation and impairment of customer contract intangible assets and the equity component of convertible bonds.
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