US Markets were closed for the Thanksgiving Holiday. European markets fell by 3% following news that Dubai World, the Dubai government investment company, wish to delay repayment of their debt.
Archive for November, 2009
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US Markets Closed For Thanksgiving On 26/11/2009
Friday, November 27th, 2009East Coast Minerals Share Purchase Plan
Friday, November 27th, 2009East Coast Minerals (ECM) announced on the 26/11/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is the 3/12/2009 on which shareholders must own the share to participate in the SPP. The closing date is 18/12/2009. Shares will be issued on 23/12/2009 and begin trading soon after. A maximum of $15,000 can be purchased by each shareholder at $0.06.
Discount : 36.8% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 26 November 2009.
East Coast Minerals Share Purchase Plan
Friday, November 27th, 2009East Coast Minerals (ECM) announced on the 26/11/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is the 3/12/2009 on which shareholders must own the share to participate in the SPP. The closing date is 18/12/2009. Shares will be issued on 23/12/2009 and begin trading soon after. A maximum of $15,000 can be purchased by each shareholder at $0.06.
Discount : 36.8% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 26 November 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/
Neptune Marine Services Secures $20 million In New Contracts
Friday, November 27th, 2009Neptune Marine Services Ltd (NMS) today announced that it has been awarded a new round of international contracts for some of the oil and gas industry’s leading operators. Spanning all of the world’s major geographic regions, the contracts include- A combined services project off the West Australian coast for global exploration and production company, Apache Energy; Various pipeline stabilisation and free span rectification projects including that for the Pipeline Replacement Project 2 being carried out by Leighton International for India’s Oil and Natural Gas Corporation; A range of inspection and maintenance support services on Australia’s North West Shelf including a five-year program of inspection services for a leading FPSO operator; Design and manufacture of specialist subsea equipment for some of the oil and gas industry’s major multinationals; and Extended fabrication scope on the Pelamis Wave Power Eon Project in the UK that generates electricity from wave energy.
Neptune’s Managing Director and CEO, Christian Lange, said the new round of work, valued at more than $20 million, was indicative of the improving domestic and international oilfield service environment.
Neptune Marine Services (NMS) is one of Australia’s leading providers of engineered solutions to the international oil and gas, marine and renewable energy industries. The company employs more than 600 people in Australia, the UK, USA and Asia and provides a full suite of innovative services including subsea and pipeline engineering; commercial diving; specialist fabrication; inspection, repair and maintenance; pipeline stabilization and protection; ROV and vessel supply; hydrographic surveying and geophysical services; project management; rope access and tension netting IRM; and the patented NEPSYS dry underwater welding technology.
iSOFT Acquires Patient Safety International
Friday, November 27th, 2009iSOFT Group Limited (ISF) – Australia’s largest listed health information technology company today announced it acquired Patient Safety International Pty Ltd. (PSI) in a deal worth up to $5 million as part of the company’s strategy of boosting its portfolio of innovative solutions through bolt-on acquisitions. The acquisitions provides iSOFT with state-of-the-art patient safety software that enables healthcare organizations to record, monitor and take relevant management action to minimize future adverse medical events. South Australia- based PSI’s AIMS solution uses an ontology that comprises a comprehensive set of some 25,000 terms developed by the Australian Patient Safety Foundation. iSOFT paid an initial consideration of $1.07 million. The remainder may be paid out as an earn-out over three years. The company expects PSI to contribute $2 million in revenue at 25% EBITDA in FY10 and grow this contribution going forward. Currently used in Australia, South Africa and the U.S, the AIMS solution can be applied in most markets including the emerging Patient Safety Organizations (PSOs) in the U.S.
“This is the kind of acquisition that goes straight to the heart of improving patient safety and lifting the overall quality of health care,” said Gary Cohen, iSOFT Executive Chairman & CEO. “PSI’s software is an explicit example of how innovative technology is being used directly to enhance patient safety through analysis and prevention of errors. PSI is an outstanding contribution to iSOFT’s reputation as a world-class provider of healthcare IT solutions.”
iSOFT Group Limited (ISF) is the largest health information technology company among the world’s biggest providers of advanced application solutions in modern healthcare economies. iSOFT works with healthcare professionals to design and build software applications that answer all of the difficult questions posed by today’s healthcare delivery challenges. Patient Safety International Pty Ltd (PSI) was formed in October 2000 as a fully owned subsidiary of the Australian Patient Safety Foundation (APSF). As the commercial arm of the APSF, PSI is responsible for the marketing, technical development and support of the AIMS incident management system. The APSF forms the research basis of PSI and is responsible for on-going development of the classification schema.
UXC Limited To Install Smart Meters In Victoria
Friday, November 27th, 2009UXC Limited (UXC) is pleased to announce that it has signed a contract with SP Ausnet for the roll-out of Advanced Metering Infrastructure (AMI) smart meters in Victoria. This makes UXC the market leader in the provision of installation and associated services for the inaugural roll out of smart meters. UXC is one of two service providers to install more than 650,000 meters plus associated equipment, with an estimated contract value of some $40 million. Under the agreement, UXC will provide services like Planning and workforce scheduling; Installation of AMI Smart Meters; Installation of Communications Technology; Interaction and liaison with SP Ausnet customers; and Communication and reporting activities associated with the AMI smart meter roll out.
UXC Executive Chairman Geoff Lord commented “We now have a significant role to play in 2 of the three AMI smart meter contracts awarded to date. We are pleased to have become the market leader in this area in such a short time, and believe it will position us strongly for the remaining 85% of the Jemena roll-out and such work in other states when undertaken.”
UXC Limited is an S&P / ASX 300 listed Australian business solutions company. UXC has a successful history of creating shareholder wealth and has established a strong track record in growing revenue, earnings, EPS and dividends over an extended period. UXC provides its services through three operating divisions: Business Solutions Group; Business Applications and Infrastructure
Professional Solutions Group; and Field Solutions Group. All manually-read electricity meters in Victoria are going to be replaced with new remotely read advanced metering infrastructure (AMI) ‘smart meters’.
A wonderful year for GrainCorp
Thursday, November 26th, 2009The year has been kind to GrainCorp, recovering from a $20 million loss last year to a return a full-year net profit of $63.2 million for the year ending September 30.
GrainCorp’s managing director referred to this as a “wonderful year for GrainCorp”, and shareholders receiving the fully franked dividend of 7.2c per share would probably agree.
Results from the merchandise operation were less impressive, with an EBIT loss of $23 million.
For the 09/10 year, the company expects lower port-related earnings. Strategically, half of GrainCorp’s future earnings will come from barley and wheat value adding through the newly acquired GrainCorp Malt business (formerly United Malt Holdings).
GrainCorp
ASX Code: GNC
Chart source: Market Analyser. Sign up for a free charting software trial!
For more on this business news story:
- The Australian: “Drought breaks for Graincorp’s books”
- GrainCorp: “Media Release: GrainCorp releases FY 08/09 results”
Thursday, 26 November 2009 Morning Wrap
Thursday, November 26th, 2009Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (968Kb).
General Advice Only
************************************************
In this morning s wrap
DOW: up 0.3%
Fed: 2010 Growth 2.5% to 3.5%;IT, Financials Weigh;
Energy & Industrials Lead
Dollar Index: Breaks Support
US$ Smashed Down;
A$ higher 93.22
FTSE: up 0.8%
BoE:Recession Till 4Q;3Q Economy Contract 0.3%(Better);
DAX up 0.6% & CAC up 0.3%
CHINA: up 2.1%
China Spends $18bn up 36% More YoY on Iron Ore;
Hang Seng up 0.8%;
Oil: up 2.3% ($78)
Fuel Demand Up for Second Week;
Gold: up 1.6% ($1188) India to Buy More
Commodities Higher;
Dollar Lower
SPI Futures up 24 (0.5%)
Yet to Crack Oct. Highs
ASX News
RBA Aus. Economy has entered into a new upswing
BHP zero chance of Rio t/o Charlie Aitkins (SC)
Offices Buyers studying $932m Aus Office Towers
Iron Ore stocks – Refer to MDSReflections Articles
Possible takeover targets (source AFR):
CEU; BXB; CEY; AOE;
BEC; FGL; AMP; RIC;
HSP; OZL; WOR
Materials, Banks & Energy stocks to recover
ASX to open higher
US & UK recover gains
US Markets Close Higher On 25/11/2009
Thursday, November 26th, 2009The US markets finished slightly higher ahead of the Thanksgiving Holiday on Thursday. The Dow closed up 30 points or 0.3% at 10,464, the S&P500 was up 5 points or 0.4% at 1110 and the Nasdaq was up 7 points or 0.3% at 2176.
Gold and oil were both higher. Gold settled up $20.60 at $1188.00/oz and crude oil was up $1.88 at $77.90/bbl.
Clancy Exploration Share Purchase Plan
Thursday, November 26th, 2009Discount : 23.5% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 25 November 2009.
