Alesco Corporation (ALS) will go ex dividend on 10/2/2012. The current dividend payment is 3 cents and it is 100% franked. The record date is 16/2/2012 and the dividend will be paid on 9/3/2012. Based on the full year payment the dividend yield is 7.1%.
*Current Yield: 2.1% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 3/2/2011. Current yield is based on the current dividend payment only.
Alesco Corporation (ALS) will go ex dividend on 14/2/2011. The current dividend payment is 1.5 cents and it is 100% franked. The record date is 18/2/2011 and the dividend will be paid on 4/3/2011. Based on the full year payment the dividend yield is 0.5%.
*Current Yield: 0.5% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 3/2/2011. Current yield is based on the current dividend payment only.
Industrea Limited (IDL) today announced its appointment by Australia’s Marathon Tyres, a subsidiary of Alesco Corporation Limited (ALS) as the distributor in China for its RL (rubber liner) Insertion Machines and RL run flat Inserts, adding to Industrea’s range of leading mining productivity and safety equipment. The exclusive agreement signed with Industrea’s China subsidiary Wadam Industries Pty Ltd is for a three-year period through to September 2012. Manufactured in Newcastle by Marathon Tyres, the reusable rubber inserts featuring internal honeycomb tubes of air, offer significant benefits to the mining industry by eliminating flat tyres, increasing mileage and reducing the risk of accidents.
Industrea Managing Director and CEO, Robin Levison, said the company anticipated strong demand from its clientele of leading Chinese underground coal producers for the new product, which would further strengthen Industrea’s market leadership. “Industrea is determined to stay at the forefront of technological innovation in mining productivity and safety equipment, as shown by our world-leading longwall roof support carriers, underground directional drilling and methane gas drainage and collision avoidance systems. “After extensive research, we chose the Marathon RL run flat Inserts for use in our most technically advanced 80 tonne roof support carriers and 130 tonne Shearer Carriers. That process led us to further discussions with Marathon Tyres to sell its innovative products into China,” Mr Levison said. “We are delighted to have been appointed the exclusive agent in China for this innovative Australian-made product, which is already being used by several Industrea clients benefiting from our specialist flame and explosion-proof underground mining vehicles. The appointment also provides the opportunity to add to the turnover and profit of our growing product support centre in China without any capital cost.”
Marathon Tyres General Manager, Greg Nesbitt, said the company had selected Industrea based on its strong client relationships in China, local product support and reputation for reliability and successful delivery.
Industrea Limited is a diversified mining products and services group based in Australia. Industrea provides integrated mining products and services, including open cut earthmoving and equipment hire, asset management, contracting and engineering services. The company’s products and services are sold in Australia, the United States, South America, Indonesia, Papua New Guinea, Russia, China, South Africa and New Zealand. The company also acts as distributor for global mining suppliers Sandvik Voist Alpine (Scandinavia) and Tagor (Poland).
Alesco Corporation Limited (ALS) today announced that it has entered into an agreement to sell its Scientific & Medical division (Biolab) to Thermo Fisher Scientific Inc. for $175 million. The transaction is unconditional and is expected to be completed on 30 April 2009. The profit on sale before tax (but after transaction costs) is estimated to be approximately $65 million. This will result in significant reduction in debt resulting in a strong balance sheet and enhanced interest cover.
Commenting on the sale process, Alesco CEO Justin Ryan said:
“We are extremely pleased with this outcome. Over the past ten years Alesco has delivered its strategy of building a portfolio of leading industrial brands through a combination of acquisition and operational improvement initiatives. Biolab is a great example of this strategy in action. The achievement of an earnings multiple significantly higher than the current multiple being applied by the market to the Alesco group is clearly in the best interests of shareholders and recognizes the value that consistent and focused execution of our strategy can generate over time,” he said. Marijn E. Dekkers, President and Chief Executive Officer of Thermo Fisher Scientific said, “This acquisition significantly strengthens our presence in these markets, and will enable us to better serve customers in both public and private sectors through an expanded range of offerings.”
Alesco retains an attractive and diverse portfolio of leading industrial brands with a significant focus on the renovations and residential sectors as well as the water and infrastructure sectors.
