Posts Tagged ‘DCG’

Dividends: Decmil Group Ex Dividend On 31/8/2012

Tuesday, August 28th, 2012

Decmil Group Limited (DCG) will go ex dividend on 31/8/2012.  The current dividend payment is 7.5 cents and it is 100% franked.  The record date is 6/9/2012 and the dividend will be paid on 20/9/2012.   Based on the full year payment the dividend yield is 3.3%.

*Current Yield: 2.5%    Franking: 100%    DRP Discount: Not Available

*Yield has been calculated on the closing price on the 24/8/2012.  Current yield is based on the current dividend payment only.

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ASX Company News: Decmil Group To Acquire Calliope Accommodation Village

Wednesday, August 15th, 2012

Decmil Group Limited (DCG) announces that it has entered into an agreement to acquire the remaining 50% interest that it did not own in the MGA Gladstone Unit Trust, owner of the Calliope Accommodation Village in Gladstone, Queensland from Maroon Group Holdings Pty Ltd and associated parties. The acquisition will result in Decmil owning 100% of MGA and the Calliope Accommodation Village. As announced on 29 November 2011, DGL invested $40 million and agreed to provide further funding to MGA by way of a secured mezzanine finance facility. As part of the overall transaction DGL also provided a secured working capital facility to Maroon, which was drawn to approximately $3 million. Through the structure of these agreements DGL has negotiated an outcome to acquire the 50% of MGA that it does not currently own, for the following consideration $12 million to be paid immediately; $3 million to be paid on 21 December 2012; and Decmil releasing Maroon from advances made under the working capital facility.

Managing Director of Decmil, Scott Criddle, said: “The Calliope Accommodation Village is a key asset in Decmil’s strategy to develop long term revenue streams and we are extremely pleased to move to 100% ownership. Decmil now has full control and ownership of the Calliope village, with the price negotiated to acquire the remaining 50% providing an excellent investment for Decmil that will deliver even stronger returns to our shareholders. “Decmil is on track to complete the 2,265 room village by the middle of 2013 and we continue to see strong demand for accommodation solutions in Gladstone. This further investment in the Calliope Village enables DGL to capture the full benefits of a first-mover advantage in the Gladstone region where we are establishing the benchmark for accommodation quality and developments.”

Decmil Group Limited (DGL) is a leading design, civil engineering and construction company, focussed on delivering integrated solutions to blue-chip clients in Australia’s oil and gas, resources and infrastructure sectors.

www.decmilgroup.com.au

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ASX Company News: Decmil Group To Build Accommodation For BHP Billiton

Wednesday, June 13th, 2012

Decmil Group Limited (DCG) is pleased to announce that its wholly-owned subsidiary, Decmil Australia, has won a significant contract to design an accommodation village for BHP Billiton in Port Hedland, Western Australia. The Early Contractor Involvement (ECI) includes design of the village and procurement of long lead items to the value of $94 million. Decmil has commenced design work and is in the process of securing various long-lead items required for the new village including accommodation units and kitchens.

Decmil’s Managing Director Scott Criddle said: “We are delighted to strengthen our relationship with BHP Billiton through this project. Decmil has carried out a number of projects for BHP Billiton in the Pilbara region over recent years, including the Port Haven Village we completed in 2010, and the design and construction of the Warrawandu Village which we are expecting to complete later this year.” “The Group remains in a very strong position, and we are continuing to see increasing demand from the resources sector as major projects take shape,” Mr Criddle said.

Decmil Group Limited is a leading design, civil engineering and construction company, focussed on delivering integrated solutions to blue-chip clients in Australia’s oil and gas, resources and infrastructure sectors. Listed on the Australian Securities Exchange, Decmil’s goal is to maximise returns from our operations to deliver value to our shareholders, clients and other stakeholders.

www.decmil.com.au

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ASX Company News: Decmil Secures $137 million In New Contracts

Tuesday, May 15th, 2012

Decmil Group Limited (DCG) is pleased to announce it has won a major new contract with Fortescue Metals Group (FMG) as well as variations to two other significant current contracts, totalling $137 million in value. The Company’s subsidiary Decmil Australia will construct facilities for FMG’s T155 Rail support infrastructure project in the Pilbara region of Western Australia, which will allow for an increase in FMG’s iron ore exporting capacity. This will include the construction of a new rail car workshop, amenities building and administration centre; carrying out modifications to an existing workshop; co-ordinating the fit-out of the new rail car workshop; and the design and construction of a locomotive provisioning building and rail operations office.  The contract value is approximately $50 million.

In addition to the new contract, Decmil has secured variations to two current contracts: Additional accommodation to be added to a rail camp being constructed for FMG in the Pilbara (as initially announced 16 February 2012) with a contract variation for circa $40 million. Additional rooms to be added to the Fly Camp for the Chevron-operated Wheatstone LNG Project near Onslow, Western Australia (as initially announced 11 October 2011). The contract variation is for approximately $47 million increasing the total contract to $119 million.

Decmil Group Limited Chief Executive Officer Scott Criddle said: “These wins demonstrate our ability to add significant value to key customers, providing innovative and flexible solutions to their requirements on major projects.”  Decmil Group Limited (DGL) is a leading design, civil engineering and construction company, focussed on delivering integrated solutions to blue-chip clients in Australia’s oil and gas, resources and infrastructure sectors.

www.decmil.com.au

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ASX Company News: Decmil Group Secures 5 Year Contract With Rio Tinto

Thursday, February 9th, 2012

Decmil Group Limited (DCG) is pleased to announce its wholly-owned subsidiary, Decmil Australia Pty Ltd, has secured a milestone five-year framework agreement with Rio Tinto’s Iron Ore business. Rio Tinto is investing more than US$18 billion in the next five years to expand its iron ore operations in the Pilbara, Western Australia, in two major stages, from current capacity of 225 million tonnes per annum (Mt/a) to 283 Mt/a in 2013 and to 353 Mt/a in 2015. The agreement places Decmil Australia in a preferred contractor position for civil works for the Western Stream of RTIO’s 333 Programme. It formalises the ongoing long-term relationship between the organisations and positions Decmil in an early contractor involvement role. Under the agreement, Decmil and Rio Tinto have agreed to work together to deliver mutual benefit through the guaranteeing of available resources – both equipment and workforce – in a timely manner by Decmil; while ensuring Rio Tinto can adhere to its scheduling of projects for the 333 Programme.

DGL Chief Executive Officer Scott Criddle said, “the preferred contractor agreement that Rio Tinto has entered into with Decmil Australia reflects the strength of the relationship between the two companies. The long term nature of this agreement provides both organisations with greater certainty in long-term planning. “This agreement also represents a continuation of our strategy of securing recurring revenue streams with key clients in key sectors.”

www.decmil.com.au

http://www.traderdealer.com.au/fundamentals/dcg

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ASX Company News: Decmil Group Awarded Accomodation Contract By BHP Billiton

Monday, February 6th, 2012

The Decmil Group Limited (DCG) announced it has continued to deliver on its strategic growth plan through diversification into the Queensland market with the award of a contract valued at approximately A$90 million by BHP Billiton Mitsubishi Alliance (BMA) for an accommodation village south east of Moranbah, Queensland. The contract has been awarded to DGL’s wholly-owned subsidiary, Decmil Australia Pty Ltd and the Scope of Works includes construction and installation of infrastructure and accommodation facilities for the Caval Ridge Mine Project located in the Bowen Basin. Work is scheduled to start on site in April 2012.

DGL Chief Executive Officer Scott Criddle said “this contract win aligns with DGL’s and Decmil Australia’s strategic growth plan to leverage expertise and reputation for service delivery of O&G, Mining Civil and Building Construction works into the Queensland market.” DGL moved into the Queensland market 12 months ago and the contract awarded by BMA follows the recent announcement that DGL had executed an agreement with Maroon Group to build-own- operate up to 2,265 rooms in the Calliope Accommodation Village, near Gladstone, Queensland.

As announced, Decmil Investments Pty Ltd, a wholly owned subsidiary of DGL, acquired a 50% interest in the MGA Gladstone Unit Trust, the beneficial owner of the Village and in MGA Gladstone Pty Ltd, the trustee. The Calliope Accommodation Village currently has 240 rooms completed and operational under lease to WICET and Stage 2 construction of a further 432 rooms for WICET is in progress. The village has development approval for up to 2,265 rooms.

www.decmilgroup.com.au

http://www.traderdealer.com.au/fundamentals/dcg

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ASX Company News: Decmil Group Secures $55 million Contract With Fortescue Metals

Friday, March 18th, 2011

The Decmil Group Limited  (DCG) announced its wholly-owned subsidiary, Decmil Australia Ltd,  has been awarded a  A$55 million  contract by  Fortescue Metals Group Ltd (“FMG”) to install  Stage 2 of the  Karntama (previously known as Kandama) Village at  FMG’s  Christmas Creek Project in Western Australia’s Pilbara region.

Karntama Village is being expanded as part of FMG’s broader expansion program to facilitate total iron ore production from the Chichester Hub of 95 million tonnes per annum.  Decmil designed the Karntama Village to be built in two phases, with two 800-person camps centered around a shared services area.  With completion of Stage 2, the  Karntama Village will have accommodation capacity for 1600 people.

The contract is for the installation of accommodation rooms, laundries, universal rooms as well as extension to the central facilities – including expansion of kitchen and diner facilities; installation of recreational amenities such as a lap pool,  new  BBQ areas, gymnasiums and  cafes – and  substantial landscaping.

Decmil Group CEO Scott Criddle said “Decmil completed construction of Stage 1 earlier this year and is pleased to be awarded the follow-up contract for Stage 2. It is further endorsement of the quality of work completed and demonstrates Decmil’s ability to remain agile and  responsive to its  clients’  needs and project timetables.”

Mr Criddle said Decmil has developed workforce capabilities which allow civil and building skill sets, including key trades, to be transferable across large projects. The immediate start of this contract allows Decmil to deploy staff from recently completed projects to the Karntama project.

DGL has identified a significant project pipeline of work across its key business areas of civil works, non-process  infrastructure and villages,  and is currently working on a number of associated tender submissions.

www.decmil.com.au

http://www.traderdealer.com.au/Fundamentals/dcg

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Decmil Group Secures $82 million Housing Contract With Fortescue Metals

Tuesday, April 20th, 2010

Decmil Group Limited (DCG) today announced its wholly-owned subsidiary, Decmil Australia Ltd, has been awarded an A$82.4 million contract by Fortescue Metals Group Ltd to design and construct an 800-man accommodation village at Christmas Creek in Western Australia’s Pilbara region. Work on the project will start immediately and is expected to be completed in February 2011.

Decmil Group CEO Scott Criddle said “this latest contract further cements Decmil’s position as the leading provider of accommodation villages to the WA resources and oil & gas industry. The Company’s experience and reputation for designing and constructing large-scale accommodation villages has strengthened in the past two years and remains a core business focus for the Group going forward,” Mr Criddle said. The Christmas Creek village will accommodate the permanent workforce for FMG’s mining operations and has been designed to provide ‘a superior level of comfort and service in accommodation villages in Western Australia.’  Mr Criddle said Decmil has seen a step-change in resource companies’ approach to the design of remote accommodation villages in recent years. “Decmil Australia is now designing and constructing villages that resemble a resort, rather than a traditional  workers camp with rows of accommodation,” he said. “It is clearly evident that resources companies are significantly increasing the design and standard of accommodation facilities offered to employees in line with the strong competition for labour.”

The Christmas Creek village has been specifically designed to enable a cost effective and practical expansion to accommodate 1600 people. The design clusters accommodation units in groups around a circular landscaped meeting and relaxing zone rather than in a grid. The village can be built in two phases with two 800-person camps centered around a shared services area.

Decmil Group Limited (DCG) is a multi-disciplined design, civil engineering and construction company focussed on delivering integrated solutions to blue-chip clients in the oil and gas, resources and infrastructure sectors in Western Australia through a group of wholly-owned subsidiaries. Previously known as Paladio Group Limited, the company changed its name to Decmil Group Limited in June 2009 to leverage value from its major subsidiary Decmil Australia’s 30-year history, recognisable brand and established reputation with blue-chip clients. Decmil Australia Pty Ltd is a leading provider of engineering construction, maintenance and industrial services to Australia’s resources, energy and infrastructure sectors. The company offers a wide range of construction and maintenance services, specialising in non-process infrastructure on remote sites. Decmil has been contracted to design, build and commission temporary and permanent accommodation villages, administration buildings, maintenance facilities and storage facilities for some of the world’s leading resource companies.

www.decmilgroup.com.au

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Decmil Group Awarded $74 million Contract for Gorgon Project

Thursday, December 24th, 2009

Perth-based engineering and construction company Decmil Group Limited (DCG) today announced that its wholly-owned subsidiary, Decmil Australia Pty Ltd has been awarded a $74M sub-contract by Thiess Pty Ltd for the design and construction of temporary construction facilities which form part of Thiess’ Site Preparation & Temporary Construction Facilities contract for the Gorgon Project. The scope of work includes: the installation of temporary facilities, the supply/installation of warehouses   and workshops and related engineering and design. On-site work is expected to commence mid 2010 with practical completion anticipated in September 2011. The contract award increases DGL’s order book to A$350 million, of which approximately A$132 million will be completed in the 2009/10 financial year with A$218 million in the 2010/11.

Decmil Group Limited CEO Scott Criddle said “In the past 12-18 months, Decmil Australia has been diligent in its approach to securing significant contracts in the Western Australian resources and oil and gas sectors. Securing another Gorgon contract is yet another reflection of the strong standing and respected relationships Decmil has built with major companies in the oil and gas sector, including Chevron and the Kellogg Joint Venture.”

Decmil Group Limited (DCG) is a multi-disciplined design, civil engineering and construction company focussed on delivering integrated solutions to blue-chip clients in the oil and gas, resources and infrastructure sectors in Western Australia through a group of wholly-owned subsidiaries. Decmil Australia Pty Ltd is a leading provider of engineering construction, maintenance and industrial services to Australia’s resources, energy and infrastructure sectors. The company offers a wide range of construction and maintenance services, specialising in non-process infrastructure on remote sites. Decmil has been contracted to design, build and commission temporary and permanent accommodation villages, administration buildings, maintenance facilities and storage facilities for some of the world’s leading resource companies.

www.decmil.com.au

www.decmilgroup.com.au

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Decmil To Provide Temporary Construction For Gorgon Project

Monday, November 2nd, 2009

Perth-based engineering and construction company Decmil Group Limited (DCG) today announced that its wholly-owned subsidiary, Decmil Australia Pty Ltd is in the final stages of contract negotiations with Thiess Pty Ltd for the design and construction of temporary construction facilities which form part of Thiess’ Site Preparation & Temporary Construction Facilities contract for the Gorgon Project. The sub-contract is expected to be approximately $70M. The sub-contract’s scope of work includes: in-ground services, the installation of temporary facilities, the supply/installation of warehouses and workshops and related engineering and design. Work is expected to commence in early 2010 with practical completion by September 2011.

When the contract is finalised DGL’s order book will increase to A$374 million, of which approximately A$156 million is expected to contribute to the Group’s 2009/10 financial year revenues and A$218 million in the 2010/11. The Group has an expansion strategy in place for the next 1 – 3 years and in recent years, has focused on assembling a strong team of the best people to ensure it has the resources to service contracts to the value of A$500 million.

Decmil Group Limited CEO Scott Criddle said “In the past 12-18 months, Decmil Australia has been diligent in its approach to securing significant contracts in the Western Australian resources and oil and gas sectors. These negotiations are a further reflection of the strong standing and respected relationships Decmil has built with major companies in the oil and gas sector, including Chevron and the Kellogg Joint Venture.”

Decmil Group Limited (DCG) is a multi-disciplined design, civil engineering and construction company focussed on delivering integrated solutions to blue-chip clients in the oil and gas, resources and infrastructure sectors in Western Australia through a group of wholly-owned subsidiaries. Previously known as Paladio Group Limited, the company changed its name to Decmil Group Limited in June 2009 to leverage value from its major subsidiary Decmil Australia’s 30-year history, recognisable brand and established reputation with blue-chip clients.

www.decmilgroup.com.au

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