ASG Group Limited (ASZ) will go ex dividend on 25/3/2011. The current dividend payment is 2 cents and it is 100% franked. The record date is 31/3/2011 and the dividend will be paid on 15/4/2011. Based on the full year payment the dividend yield is 6.8%.
*Current Yield: 1.9% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 14/3/2011. Current yield is based on the current dividend payment only.
IT services provider ASG Group (ASZ) is pleased to announce that it has signed a contract to provide IT services to an electricity utility company. The $15 million contract is to provide services for a 5 year term. Under the terms of the contract, ASG Group will deliver a comprehensive range of services including mid-range server and network services support, disaster recovery and project work. ASG’s continued push into the Energy and Utilities sector is based on the organisation’s cost effective and low risk management of IT infrastructure and applications. ASG provides the Energy and Utilities clients with in depth advice and knowledge from its vast experience working with a wide range of clients in the sector.
ASG Group General Manager, Sales and Delivery, Murray Rosa was very pleased to announce this new contract in the Energy and Utilities sector. “This contract is a significant achievement for ASG and highlights not only our technical expertise but our ability to forge strong relationships through our previous engagements within the Energy and Utilities Sector,” he said. “Our collaborative working approach ensured we had a clear understanding of the business needs and future IT requirements of the organisation.” “This contract win highlights the flexibility and responsiveness of ASG’s proposed Services. We pride ourselves on being agile to meet the specific needs of our clients,” said Mr Rosa.
Against this backdrop, ASG has $53 million of new contracts secured in H1, including $20 million in target growth business segments and has identified a solid pipeline of qualified opportunities which is expected to supplement the Company’s bank of contracted business over the next few years.
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IT services provider ASG Group (ASZ) is pleased to announce it has acquired Progress Pacific, further expanding its capabilities and footprint in the SAP space.
Progress Pacific is a Sydney and Melbourne based SAP Services provider that has strong client relationships across a range of industries. A highly successful SAP consulting company with 40 plus employees in Sydney and Melbourne, Progress Pacific’s blue chip client base includes Broadcast Australia, Device Technologies, Fresenius Medical Care, George Weston Foods, IAG, ING, Kimberly-Clark, Pepsico and Smiths.
The total purchase price is based on a multiple of five times average earnings before interest and tax (EBIT) for the 2011 and 2012 financial years, capped at $12 million. Consideration, in the form of 50% cash and 50% scrip, is payable across two instalments – 25% up front and the outstanding 75% to be paid in September 2012. The first scrip component will be issued at $1.25 and the second component will be calculated on a 20 day Volume Weighted Average Price period prior to payment date. The cash component will be funded by a combination of existing cash reserves and debt.
ASG General Manager Sales and Delivery, Murray Rosa, said the acquisition sees ASG expanding its SAP presence in key growth markets on the east coast where there is an opportunity to leverage its existing deep customer relationships and IT infrastructure. “Progress Pacific, together with the recently acquired Courtland Business Solutions in WA, sets the spring board for ASG to grow its SAP business throughout Australia,” said Mr Rosa. “These acquisitions, combined with our core capabilities, enable ASG to reach the market with various SAP offerings, including being one of the first accredited SAP Partners for SAP SaaS. “We have already witnessed the benefits of working with our other recent SAP acquisition, Courtland, to capture market opportunities and we anticipate the same success with Progress Pacific.”
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ASG Group Limited (ASZ) will go ex dividend on 20/9/2010. The current dividend payment is 5 cents and it is 100% franked. The record date is 24/9/2010 and the dividend will be paid on 7/10/2010. Based on the full year payment the dividend yield is 4.9%.
*Current Yield: 3.7% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 2/9/2010. Current yield is based on the current dividend payment only.
IT services provider ASG Group (ASZ) has extended its contract with the Western Australian Department of Treasury and Finance Shared Services (DTF Shared Services). The contract will deliver revenues of $16 million per annum over 5 years with scope to provide $20 million in additional project services over the contract period. The extended contract is for the continued provision of a comprehensive range of IT services as well as additional services including application services, technology review and extended professional consulting services. ASG Group has now secured major contracts in 2010 across a range of public and private clients, such as Vodafone Hutchison Australia and the Department of Prime Minister and Cabinet with a total value of more than $220 million. These new contracts, coupled with recent acquisitions and a robust project pipeline provide a strong platform for earnings growth.
ASG Group Chief Officer Sales and Strategic Operations Murray Rosa was very pleased to continue strong momentum in securing contracts into the new financial year by announcing this contract extension with DTF Shared Services. “ASG secured a number of major contracts in the last half and we are particularly pleased to announce such a significant contract extension so early in the new financial year,” Mr Rosa said. “This contract extension demonstrates ASG’s strong performance during the initial contract period and coupled with recently secured contracts confirms ASG’s presence as one of Australia’s leading IT service providers.
Following ASG’s three recent acquisitions, ASG has strengthened its national presence, exposure to the mining and energy sectors and strengthened relationships with blue chip corporate and government clients. Against this backdrop, ASG Group estimates it has an opportunity pipeline in excess of $626 million and is working to convert these opportunities into secured contracts.
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IT services provider ASG Group (ASZ) today announced it has secured a significant new contract with Vodafone Hutchison Australia (VHA). The contract is to provide services for an initial term of five years with two one-year extension options. Under the terms of the contract ASG will deliver Corporate IT Support Services. In addition to the terms of the contract, there is scope for ASG to provide additional project services. Should this occur it would increase the value of work with VHA. ASG has been providing IT services to Hutchison Telecommunications (Hutchison) since 2006. Hutchison 3G Australia (which owned and operated 3 mobile) merged with Vodafone Australia to form VHA in 2009.
ASG Group Chief Officer Sales and Strategic Operations, Murray Rosa was very pleased to announce the contract with VHA. “This contract represents a significant broadening of our relationship with VHA in terms of revenue generation and services. ASG has been providing services to Hutchison for 3 1⁄2 years and is very pleased to deliver this expanded offering to VHA. This contract win was secured against strong competition highlighting the newly merged VHA’s satisfaction with ASG’s existing service offering and our ability to provide flexible solutions to meet the increased and evolving needs of VHA. ASG has now secured more than $140 million in new public and private sector contracts across Australia in 2010, confirming our presence as the nation’s premier IT service provider,” Mr Rosa said.
ASG Group recently announced three strategic acquisitions. Firstly ASG has consolidated its presence in Victoria and increased its high-end consulting services via the acquisition of Dowling Consulting. Secondly through the acquisition of Courtland Business Solutions, ASG has entered the SAP market, a move that effectively doubles ASG market opportunity and increases ASG’s exposure to the booming mining and energy industries. Finally, ASG has significantly strengthened its relationships with blue chip corporate and government clients through the EPS accretive acquisition of Capiotech. The outlook for ASG’s earnings growth remains positive and is underpinned by a project pipeline of qualified contract opportunities of $784 million in FY11. ASG is confident of continuing this trend of organic and acquisitive earnings growth into FY11 and beyond.
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IT services provider ASG Group (ASZ) is pleased to announce the acquisition of leading Australian IT consulting firm Capiotech. The acquisition completes a program of growth initiatives – including major new contracts and acquisitions – that create a platform for ASG to deliver significant growth in earnings in FY11. Aside from a substantial earnings contribution from its existing business base, Capiotech is also set to deliver major additional opportunities operating in conjunction with ASG in areas such as managed services. The $30 million Capiotech acquisition follows $112 million in new contracts secured by ASG since January 2010, along with the recent acquisitions of high end IT consulting group Dowling Consulting and SAP software provider Courtland Business Solutions.
ASG Chief Executive Officer Geoff Lewis said the Capiotech acquisition capped off a deliberate strategy by the Company to boost its capability is key, high value service areas. “We set out to build our capabilities in Business Intelligence, SAP and consulting – and we’ve now delivered on this,” said Mr Lewis. “At the same time, we’ve invested heavily in our next wave of contract growth, with major wins in recent months with customers such as the Department of Prime Minister & Cabinet, Western Power
and the West Australian Department of Education. This substantial investment in growth gives ASG a springboard to achieve a very significant increase in earnings in FY11. We are particularly excited about what we can deliver to customers such as Qantas, where ASG and Capiotech currently work alongside each other and together can offer a stunning service offering for our client.”
Capiotech represents a major boost to ASG’s service capabilities, particularly in Business Intelligence Solutions and Enterprise Performance Management and further strengthens ASG’s presence on the eastern seaboard of Australia, an area identified as a key growth market for ASG. It is a highly successful and well regarded IT consulting company with 90 employees in Sydney, Melbourne and Brisbane that specialises in the analysis, design and implementation of corporate analytical solutions. Its strong blue chip client base includes Qantas, ANZ Bank, Commonwealth Bank, Macquarie Group, NAB, Vodafone, Origin Energy, CSL and the Queensland Department of Transport and Main Roads. The Capiotech acquisition is forecast to deliver FY11 underlying earnings per share (EPS) accretion of 15%. The total purchase price is expected to be $30 million. The purchase price is based on a multiple of five times average earnings before interest and tax (EBIT) for the 2011 and 2012 financial years. Consideration will be in the form of cash and scrip, payable in three instalments from the date of agreement through to August 2012. The scrip component will be calculated on a 20 day Volume Weighted Average Price period prior to payment date. The cash component will be funded by a combination of existing cash reserves and debt.
IT services provider ASG Group (ASZ) today announced it has secured a multi million dollar contract with the Department of Prime Minister and Cabinet (PM&C) worth up to $41 million over 9 years.
Under the terms of the contract, ASG Group will deliver an expanded range of services including, Service Desk, Desktop, Server/Network Services and Project Services. The contract extends across a broader range of PM&C portfolio agencies including the Department of Climate Change and Energy Efficiency, Old Parliament House, Australia Parliament House and the National Water Commission.
ASG Group Chief Officer Sales and Strategic Operations Murray Rosa was pleased to announce the contract with PM&C. “This contract represents a significant broadening of our relationship with PM&C in terms of revenue generation, duration of contract and services offered. “ASG has been providing IT services to PM&C since 2004 and we are very pleased to have the opportunity to continue and improve this relationship. We are looking forward to delivering the now expanded services and to leverage our existing knowledge base to develop solutions to meet PM&C’s ever changing needs,” he said.
ASG Group has secured $112 million in new contracts in 2010 including a $13 million contract with the Department of Broadband, Communications and the Digital Economy, a $23 million contract with the WA Department of Education and a $35 million contract with Western Power. ASG Group also recently announced the acquisition of Melbourne-based IT consulting firm, Dowling Consulting and continues to assess a number of acquisition opportunities.
ASG Group Limited (ASZ) will go ex dividend on 25/3/2010. The current dividend payment is 1.5 cents and it is 100% franked. The record date is 31/3/2010 and the dividend will be paid on 15/4/2010. Based on the full year payment the dividend yield is 4.9%.
*Current Yield: 1.2% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 5/3/2010. Current yield is based on the current dividend payment only.
IT services provider ASG Group (ASZ) is pleased to announce the acquisition of Melbourne-based IT consulting firm, Dowling Consulting. The acquisition significantly enhances ASG’s presence on the east coast and increases its capabilities nationally in providing high end consulting services aligned with the Company’s core managed services offering. The Dowling acquisition will be earnings per share accretive for ASG in its first full financial year and will provide ASG with a springboard into important new markets. Dowling has traditionally advised client organisations on managing their IT functions like a standalone business, including organisational design and commercial arrangements with suppliers. Dowling’s clients include Australia Post, National Australia Bank, Victoria Police, Bluescope Steel, Pacific Brands, CorpTech, Melbourne University, Adelaide University, StarTrack Express, Visy, ANSTO, Energy Australia, Nyrstar, Intact and SA Health. Existing ASG clients will also be able to tap into Dowling’s extensive knowledge base and experience in managing IT functions across a range of major organisations, served by Dowling’s 33 professional staff located in Sydney, Melbourne and Brisbane.
ASG CEO Geoff Lewis said that the acquisition was part of ASG’s strategy of building capability and national reach through organic growth and targeted acquisitions. “The acquisition of Dowling positions ASG uniquely within the Australian managed services marketplace by bringing together the senior management consulting capability of Dowling with the industry recognised capability of ASG’s managed services platform,” said Mr Lewis. “We see great potential for ASG to leverage Dowling’s extensive knowledge and expertise to secure contracts for our other divisions, especially managed services.” Dowling Managing Director David Dowling said ASG was an outstanding strategic and operational fit for his company. “The attraction of ASG to Dowling was that it is nimble, agile but strong performer in the outsourcing space with services that are complementary to our own offering,” said Mr Dowling. “We assessed a number of opportunities and joining with ASG was by far the best choice in terms of strategic fit, growth orientation and cultural alignment. The combined service offering in the market will be very compelling.” Mr Lewis said ASG was currently assessing a number of additional acquisition opportunities as the organisation focuses on re-investing in the business and setting the platform for the next wave of growth.
