Posts Tagged ‘HST’

ASX Company News: Hastie Group Secures $270 million Hospital Contract

Sunday, November 13th, 2011

Hastie Group (HST) announced that it had signed major works contracts valued at $270m for the provision of mechanical, plumbing and medical gas services for the new Royal Adelaide Hospital. The bulk of revenue being generated over the next 3 years. The contracts were signed with the Hansen Yuncken and Leighton Contractors (HYLC) Joint Venture, the design and construction partners for the new Royal Adelaide Hospital – a $1.85 billion Public Private Partnership development. The new Royal Adelaide Hospital will be South Australia’s flagship public hospital and also its largest. The hospital once complete will have the capacity to admit more than 80,000 patients per year.

Hastie Group CEO, Bill Wild, emphasised Hastie’s expertise within the healthcare sector and the ability to deliver specialist services to major hospital projects across Australia. “Being awarded this project is a milestone for Hastie – to be part of the construction of the largest and most advanced hospital ever built in Australia, is a significant recognition of our expertise in this area. This contract is also the largest ever awarded to Hastie.”

Hastie Group Limited is the leading international designer, installer and maintainer of technical services to the building and infrastructure sectors – mechanical, electrical, commercial plumbing, fire and refrigeration group with well established operations in Australia, New Zealand, the UK and the Middle East. It has over 8,000 employees based at multiple locations.

The group operates under brands which are well recognised in their markets, and customers include many of the largest construction companies, shopping centre groups, industrial corporations and facility managers.

www.hastiegroup.com.au

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

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Share Purchase Plan: Hastie Group

Tuesday, August 9th, 2011

Hastie Group (INT) announced on the 8/8/2011 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 5/8/2011 on which shareholders must own the share to participate in the SPP. The closing date is 1/9/2011.  Shares will be issued on 12/9/2011 and begin trading soon after.  A maximum of $15,000 can be purchased by each shareholder at $0.14.

Discount :  -7.7% Liquidity : Poor Profitability : Ok  Stability : Poor

www.hastiegroup.com.au

*Note: Discount is based on the closing price on the 8 August 2011.

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Dividends: Hastie Group Ex Dividend On 30/8/2010

Friday, August 27th, 2010

Hastie Group Limited (HST) will go ex dividend on 30/8/2010. The current dividend payment is 4 cents and it is 100% franked. The record date is 3/9/2010 and the dividend will be paid on 18/10/2010. Based on the full year payment the dividend yield is 6.3%.

*Current Yield: 2.8% Franking: 100% DRP Discount: 5%

Hastie Group Limited

*Yield has been calculated on the closing price on the 26/8/2010. Current yield is based on the current dividend payment only.

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ASX Company News: Hastie Secures $200 million In New Contracts

Friday, August 20th, 2010

Hastie Group Limited (HST) announced that it had secured more than A$200 million of new work across Australia and New Zealand, the majority of which is for delivery in 2010/11.

“These recent contracts demonstrate Hastie’s position as the pre-eminent provider of integrated technical services to the building sector in Australia,” Hastie CEO and managing director David Harris said. “Hastie continues to build its order book with a disciplined approach to tendering that continues to provide consistent earnings,” he said.

Hastie Group Limited is the leading international designer, installer and maintainer of technical services to the building and infrastructure sectors – mechanical, electrical, hydraulics and refrigeration group with well established operations in Australasia, UK and Ireland, and the Middle East. It has over 7,000 employees based at over 110 locations. The group operates under brands which are well recognised in their markets, and customers include many of the largest construction companies, shopping centre groups, industrial corporations and facility managers.

www.hastiegroup.com.au

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

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Hastie Group Secures $66 million Projects In Qatar

Thursday, May 20th, 2010

Hastie Group Limited a leading international provider of technical services to the building and infrastructure sectors has received contracts for four projects in Qatar with a total value of A$66 million.  “These projects confirm Hastie’s increasingly strong market position in the Middle East, where we are currently undertaking work in Abu Dhabi, Qatar, Dubai and Saudi Arabia” Mr David Harris, Hastie’s Group Managing Director and CEO said.

He said Hastie was working on projects across the Middle East and was not dependent on any single market in the Middle East.  “They also demonstrate the value our customers in the Middle East place on our ability to provide an integrated range of mechanical, electrical, plumbing and refrigeration services from a single source.”  He said Qatar has the world’s third largest gas reserves and its economy is growing fast, opening up further opportunities for Hastie.

Two of the new projects relate to infrastructure. Hastie has been appointed by Leighton Contracting Qatar to provide mechanical, electrical and plumbing services, including fire and CCTV, infrastructure control systems (SCADA) & instrumentation and chlorination work, for a A$233 million water infrastructure project that includes nine reservoirs and will link two Qatari communities. Hastie’s work will begin in June 2010 and is expected to be completed over 15 months.

The second, smaller infrastructure project, for the Public Works Authority of Qatar, is to provide pipeline reticulation for office cooling systems as part of the US$2.6 billion Energy City project.  The other project involves mechanical, electrical and plumbing services, including fire fighting systems, for a major hotel development for Al Rayyan Tourism Investment Company. The scope of works relates to the construction of the Traders Hotel managed by Shangri-La Hotels and Resorts. Hastie has commenced works on the project this month with a completion scheduled for November 2011.

The final project involves mechanical, electrical and plumbing services for the New Doha International Airport (NDIA) aircraft wash apron. The NDIA is being constructed on a 22km² area east of the existing Doha airport. Hastie has been appointed by Sinohydro-Gamuda WTC Joint Venture.

The group, which established its Middle East operations in 2005 and has 2,000 employees in the region, has had experience in the Qatar market and previously completed a contract here. Among other projects in the Middle East, Hastie is currently working on a $204 million contract for a new university campus in Abu Dhabi.

www.hastiegroup.com.au

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Hastie Group Secures Two New Contracts

Thursday, February 25th, 2010

Hastie Group (HST) announced that it had secured two new contracts.

The first a $119 million contract to provide mechanical, hydraulic and medical gas services for the new $1.76 billion Gold Coast University Hospital in Queensland. The contract has been awarded to Hastie by Bovis Lend Lease, which has been appointed managing contractor by Queensland Health, following an extensive evaluation of Hastie’s integrated service offering.

Work is starting immediately and the majority of services will be delivered during the 2011 and 2012 financial years. Hastie dedicated integrated project delivery teams are being accommodated adjacent to the site.  The new hospital will provide research and teaching facilities, as well as clinical services. Constructed on a 19 hectare site at Parklands Drive, Southport, it will have 750 beds and provide a range of medical services including radio therapy neuroscience, neonatal intensive care, high level trauma response and cardiac surgery.

‘We are delighted Bovis Lend Lease has chosen Hastie for this major healthcare project,’ said Mr David Harris, Hastie’s Group Managing Director and CEO. ‘The Gold Coast University Hospital contract confirms Hastie’s position as Australasia’s leading technical building services provider for the healthcare sector, and one of the world’s leaders in this specialised field that requires the highest quality standards. The contract also endorses Hastie’s model which enables local delivery of specialist services, supported by the group’s global expertise, and provides seamless integrated solutions for major projects.

Also the Hastie Group Limited’s Rotary business has been named preferred contractor for The Co-operative Group’s new flagship headquarters in Manchester, UK. This £25 million (A$44 million) project is to design and install mechanical, electrical and public health services for a 15 storey building with 30,000 square metres of office space.

The contract, which is subject to finalisation, will be with BAM Construction, part of the Royal BAM Group nv which is one of Europe’s largest construction companies.  The new building will be one of the most sustainable buildings in Europe. It has been designed to achieve an outstanding BREEAM (Building Research Establishment Environmental Assessment Method) rating and will incorporate bio-fuel combined heating and power technology, earth tube ventilation, hydrocarbon chillers and absorption cooling.

The Co-operative Group, which has an annual turnover over £10.0 billion and 120,000 employees, operates a wide range of businesses including supermarkets, a bank, travel agencies, pharmacies, legal services and funeral homes. Its new headquarters will be the first phase in the redevelopment of its existing 20 acre campus.

‘Rotary’s selection as preferred contractor for this prestigious project confirms its strong reputation in the UK market,’ said Mr David Harris, Hastie’s Group Managing Director and CEO. ‘It also demonstrates Hastie Group’s credentials as a leader in environmentally sustainable development.’

www.hastiegroup.com.au

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Hastie Group Acquires Two Companies

Friday, November 20th, 2009

Hastie Group Limited (HST), the leading international building services and refrigeration systems group, has expanded its coverage of the northern Queensland and northern New South Wales markets with two acquisitions, increasing its recurring revenue base. The businesses have combined revenue of approximately $35 million and employ more than 100 service technicians. The combined initial purchase price, paid in cash, represents an average EBIT multiple of 2.8x, with  the opportunity for further performance-based earn-out payments over two years.

James + More provide multi-trade air conditioning and electrical maintenance services from offices in Cairns and  Townsville. It is recognised as the leader in the north Queensland market, with a strong customer base, and will enable Hastie to service its national customers, and capitalise on the projected growth, in the north Queensland market. Established in 1997, James + More services customers in the government, defence, resources, retail, commercial offices and hospitality sectors and will open up further installation opportunities for Hastie’s Mechanical & Hydraulics and Electrical divisions. Cool-it, based in Tweed Heads, NSW, services and installs air conditioning equipment for the commercial and residential markets from Coffs Harbour, NSW to Yeppoon, Queensland. It has strong relationships with project home builders, especially on the Gold Coast, and a growing presence in the premium apartment and nursing home markets.

‘These two acquisitions are in line with Hastie’s strategy to increase recurring maintenance revenue and expand our geographic coverage,’ said Mr David Harris, Group Managing Director and CEO of Hastie. ‘Both businesses are leaders in their markets, with strong growth expected over the coming years.’

Hastie Group Limited is the leading commercial and industrial air conditioning, mechanical, electrical, hydraulics and refrigeration group with well established operations in Australasia, UK and Ireland, and The Middle East.

www.hastiegroup.com.au

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Hastie Group Secures $67 million Of New Contracts

Tuesday, October 27th, 2009

Hastie Group Limited (HST), the leading international building services and refrigeration systems group, has been awarded two contracts totalling $67 million to provide services for new medical facilities in Cambridge, UK and Melbourne. Hastie’s Rotary business has secured a £21 million (A$37 million) contract to provide electrical services for new facilities for the Medical Research Council Laboratory of Molecular Biology in Cambridge. The contract, which is due to start in February 2010 and finish in early 2012, covers the supply and installation of all electrical equipment including lighting, alarm systems, closed circuit television, access control and wiring for the telephone/data system. The MRC Laboratory of Molecular Biology is a world-class research establishment that has been the home of 14 Nobel laureates for chemistry or for physiology or medicine. Hastie has also won a $30 million contract to provide mechanical, hydraulic and electrical services for the new Parkville Neuroscience facility that is being constructed on the University of Melbourne’s Parkville campus. The project which will bring together more than 500 research staff from the Florey Neuroscience Institutes, the University of Melbourne and the Mental Health Research Institute, is due for completion in 2011. The facility will be pivotal in Australia’s understanding of brain function, mental health and mental health disorders.

Both are prestigious contracts for Hastie ‘These are very prestigious contracts, reflecting Hastie’s growing reputation in the healthcare and medical sector, which requires the highest quality standards and where we have successfully completed projects in Australasia, Europe, Africa and the Caribbean totalling more than $1 billion,’ said Mr. David Harris, Group Managing Director and CEO of Hastie. ‘The Cambridge contract confirms Rotary’s strong market position and ability to continue to win new work across a wide range of market sectors despite the economic down-turn in the UK. ‘The Melbourne contract demonstrates Hastie’s growing success in winning multi-service contracts for major projects,’ said Mr. Harris.

Hastie Group Limited is the leading commercial and industrial air conditioning, mechanical, electrical, hydraulics and refrigeration group with well established operations in Australasia, UK and Ireland, and the Middle East. It has over 6,000 employees based at over 110 locations. The group operates under brands which are well recognised in their markets, and customers include many of the largest construction companies, shopping centre groups, industrial corporations and facility managers.

www.hastiegroup.com.au

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Hastie Group Secures 2 New Contracts Valued at $38 million

Wednesday, July 1st, 2009

Hastie Group Limited (HST), the leading international building services and refrigeration systems group, today announced that its Rotary business has secured two contracts in the United Kingdom with a combined value of approximately £19 million (A$38 million). Both contracts are for mechanical, electrical and public health services. One of these contracts, valued at A$30 million, is for the new vocational College of Westminster in London which is being funded by the UK government’s Building Schools for the Future program. Work is due to be completed in September 2010. The second contract, valued at A$8 million and due for completion in February 2010, is for the office tower at Media City, a A$2 billion development at Salford, Lancashire which has been planned as a new home for the BBC, media-based universities and other media organisations.

‘These two prestigious contracts confirm Rotary’s strong market position and ability to continue to win high quality public and private sector work in the UK, despite the economic down-turn,’ said Mr. David Harris, Group Managing Director and CEO of Hastie. ‘Hastie remains focused on organic growth for all its operations in Australasia, the UK and Ireland, and the Middle East. Our experience and track record in completing specialist healthcare, education and other infrastructure projects place us in a strong position to continue to win work flowing from government economic stimulus packages.’

Hastie Group Limited is the leading commercial and industrial air conditioning, mechanical, electrical, hydraulics and refrigeration group with well established operations in Australasia, UK and Ireland, and the Middle East. The group operates under brands which are well recognised in their markets, and customers include many of the largest construction companies, shopping centre groups, industrial corporations and facility managers.

www.hastiegroup.com.au

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Building Services Still Booming

Thursday, February 26th, 2009

Hastie Group Limited, the leading international building services and refrigeration systems group, today announced a 119 per cent increase in profit after tax to $32 million for the half year to 31 December 2008.  Revenue increased by 82 per cent to $923 million and earnings per share grew by 58 per cent to 19.4 cents.  These results include contributions from Rotary which was acquired in April 2008. 

The directors have declared a fully franked interim dividend of 7.0 cents per share, payable on 17 April 2009 to shareholders on the register at 6 March 2009. 

“This strong result reflects the resilience of Hastie’s operations during these challenging times,” said Mr. David Harris, Group Managing Director and CEO. “The group’s continuing contract wins and 20 per cent organic growth demonstrate the robust nature of its strategy and business model, which provides diversification across sectors and regions.” 

http://www.hastiegroup.com.au/

 

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