Archive for May, 2009

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    • Monadelphous Group Secures $170 million Contract

    Friday, May 29th, 2009

    Monadelphous (MND) announced it has secured a $170 million contract with Woodside for major works associated with the $12 billion Pluto Liquefied Natural Gas (LNG) Project in the north west of Western Australia. The contract includes structural, mechanical and piping works for the installation, erection and precommissioning of the plant Offsite Utilities and Acid Gas Removal Unit (AGRU). Project works will begin immediately with completion scheduled for the second quarter of calendar 2010. 

    Commenting on the new contract Managing Director Rob Velletri said “the work awarded on Pluto is a landmark win for Monadelphous. We are very pleased Woodside has chosen us as a key partner on this prestigious project. This win strengthens our position in the oil and gas sector and will enable us to capitalise on the pipeline of LNG projects ahead.”  “Together with other projects announced since October 2008, this brings the total new construction contracts awarded to Monadelphous to approximately $500 million and further strengthens the company’s forward workload for the 2009 / 2010 financial year.” 

    www.monadelphous.com.au 

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    Leighton Joint Venture Agreement with Energy Australia

    Friday, May 29th, 2009

    Leighton Contractors (LEI) today signed an agreement with EnergyAustralia to create the Energy2U Alliance to support the delivery of the proposed $8 billion electricity network upgrade and renewal program for the Sydney, Hunter Valley and Central Coast regions between 2009 and 2014.  The newly formed Energy2U Alliance brings together Leighton Contractors, AECOM, PowerServe and EnergyAustralia as the owner participant.

    The Energy2U Alliance will provide EnergyAustralia with additional capacity to manage expected overflow works from EnergyAustralia’s proposed capital works program. The Energy2U Alliance is one of two private-sector service alliances awarded by EnergyAustralia for this purpose.  EnergyAustralia expects to provide the Energy2U Alliance with approximately $100 million of over-flow project work per annum.  The exact value of the Leighton Contractors component of the Energy2U Alliance is subject to EnergyAustralia’s over-flow works requirements. Projects will be assigned as they become necessary and the specific terms of individual projects will be negotiated on a case by case basis.  Discussions on the first project for the Energy2U Alliance are underway. 

    Peter McMorrow, Managing Director, said securing the alliance with Energy Australia was a significant step for Leighton Contractors’ presence in the energy infrastructure market in NSW.  “As part of the Energy2U Alliance, Leighton Contractors brings extensive skills and experience in delivering multi-disciplined projects and services from asset development and design, to electrical infrastructure installation, and heavy civil and building works,” Mr McMorrow said.

    EnergyAustralia Managing Director, George Maltabarow, said the Energy2U Alliance would assist in the delivery of the largest energy infrastructure program in the country.  “We will be renewing, replacing and upgrading our electricity network so that it continues to deliver reliable supply of power to homes and businesses,” Mr Maltabarow said. “Our upgrade will also mean that the electricity network can meet increasing demand for power.” 

    www.leighton.com.au

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    Hamilton James and Bruce Preferred Supplier for Govt Contract

    Friday, May 29th, 2009

    Hamilton James and Bruce (HJB) are pleased to announce that we have been selected as a preferred supplier for the NSW Government, on the Contingent Workforce Contract 100 (C100) in the following 4 categories from a total of 9 categories; 

    • Category E – Professional
    • Category F – Technical
    • Category H – IT Management, Implementation & Support
    • Category I – IT Applications / Database / Systems 

    With a total estimated value of $400 million, the C100 represents a huge opportunity for the listed recruitment company to increase their penetration in the Government sector.

    The Contract 100 is set to provide best price, best value for government agencies and other eligible customers. Of the 18 agencies selected to work on this major contract, Hamilton James and Bruce is one of only 7 agencies who was selected to work on 4 categories or above. 

    Hamilton James & Bruce have existing relationships with numerous Government clients across Australia including Local, State and Federal Government. With previous experience working with the NSW Government on the now concluded 1078 Contingent Workforce Contract, Hamilton James & Bruce are well placed to take advantage of this major opportunity. 

    www.hjb.com.au

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    Companies bracing for swine flu impact

    Thursday, May 28th, 2009

    As the government warns of a likely increase in confirmed cases of swine flu, companies and organisations are feeling the impact.

    • Qantas and Virgin Blue have quarantined flight attendants who came in direct contact with confirmed swine flu cases
    • News Limited is advising any staff returning from overseas to stay away from the office for 48 hours, and then only return after clearance from HR
    • The Commonwealth Bank has conducted planning and risk assessment scenarios
    • Jetstar has cancelled almost a third of its flights to Japan, as concern for the flu impacts on demand
    • A McDonald s outlet in northern Melbourne was closed after a staff member was diagnosed

    So while the Prime Minister encourages us all to wash our hands, CIOs are busy dusting off business continuity plans

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    Thursday, 28th May 2009 Morning Wrap

    Thursday, May 28th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (1046Kb).

    General Advice Only

    *************************************************
    In this morning s wrap

    DOW: down 2.1%
    GM $US27bn Debt Plan Fails (Going to ZERO)

    NASDAQ: down 1.1%
    Microsoft – Yahoo Talks?
    BroadCom up 3.6%

    FTSE: up 0.1%
    House Prices to Fall 14%
    DAX up 0.3% & CAC up 0.7%

    NIKKEI: up 1.4%
    Financials Weigh (down ~2%); Toshiba (#3) Raises $US3bn
    Hang Seng up 5.2%

    Oil: up 1.6% ($63)
    OPEC Meeting
    (Output on Hold)

    Gold: up 0.5% ($956)
    Commodities Mixed;
    USD Lower (4 month Lows)

    SPI down 29 (-0.8%)
    SPI: Critical Level(s): 3850 to 3600

    ASX News
    ANZ $2.5bn capital raising RBS Asian Assets
    BHP Kloppers caution about signs of recovery
    Skilled Jobs Ads down over 60% in year
    QAN cuts Jobs; delaying new planes
    CTX to buy 302 petrol stations from Mobil
    AAX – $78 contract in Indonesia
    Golds to see further profit taking
    Materials, Financials and Energy to trade lower
    ASX to open lower; US & UK bears back

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    US Markets Lower on 27/5/2009

    Thursday, May 28th, 2009

    The US markets gave up most of the previous days gains as GM bankruptcy looks likely and treasury bond auction attarcts little interest.   The Dow closed down  173 points or 2.0% at 8300, the  S&P500 was down 17 points at 893 and the Nasdaq was down 19 points or 1.1%  at 1747.  

    Gold and oil both continued to climb higher.   Gold was up $0.10 at $955.20/oz and crude oil was up $1.00 at $63.45/bbl.

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    ANZ Bank, Allied Brands and Minemakers Share Purchase Plan

    Thursday, May 28th, 2009

    There were three companies that announced their intention to conduct share purchase plans today.

    ANZ Bank will offer eligible share holders the opportunity to subscribe for up to $15,000 of shares at a price to be specified.

    Allied Brands will offer eligible share holders the opportunity to subscribe for up to $10,000 of shares at $0.15 to fund their acquisition of Villa Hut.

    Minemakers will offer eligible shareholders the opportunity to subscrip for up to $15,000 of shares at $0.43, with 1 option being issued for every 2 shares purchased.

    Further details will be provided as they become available.

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    Navigator Resources Share Purchase Plan

    Thursday, May 28th, 2009

    Navigator Resources (NAV) announced on the 27/5/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 27/5/2009 on which shareholders must own the share to participate in the SPP and the closing date is 10/6/2009.  Shares are to be issued on 15/6/2009 and begin trading on 17/6/2009.  A maximum of $5,000 can be purchased by each shareholder at a 15% discount to the volume wieghted average price (VWAP) prior to issue.  

    Discount : 15% Liquidity : Poor Profitability : Ok Stability : Poor

    www.navigatorresources.com.au

    * Note: Discount is based on the closing price on the 27 May 2009.

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    Navigator Resources Share Purchase Plan

    Thursday, May 28th, 2009

    Navigator Resources (NAV) announced on the 27/5/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 27/5/2009 on which shareholders must own the share to participate in the SPP and the closing date is 10/6/2009. Shares are to be issued on 15/6/2009 and begin trading on 17/6/2009. A maximum of $5,000 can be purchased by each shareholder at a 15% discount to the volume wieghted average price (VWAP) prior to issue.

    Discount : 15% Liquidity : Poor Profitability : Ok Stability : Poor

    www.navigatorresources.com.au

    * Note: Discount is based on the closing price on the 27 May 2009.

    For More Share Purchase Plans go to http://blog.mdsfinancial.com.au/category/share-purchase-plans/

    To Buy Shares And Participate in Share Purchase Plans use Trader Dealer http://www.traderdealer.com.au/

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    Bondi Mining Share Purchase Plan

    Thursday, May 28th, 2009

    Bondi Mining (BOM) announced on the 25/5/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date wis the 2/6/2009 on which shareholders must own the share to participate in the SPP and the closing date is 30/6/2009.  A maximum of $5,000 can be purchased by each shareholder at $0.09.  

    Discount : 25% Liquidity : Poor Profitability : Ok Stability : Poor

    www.bondimining.com.au

    * Note: Discount is based on the closing price on the 27 May 2009.

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