Ludowici Limited (LDW) will go ex dividend on 20/4/2010. The current dividend payment is 6 cents and it is 0% franked. The record date is 27/4/2010 and the dividend will be paid on 7/5/2010. Based on the full year payment the dividend yield is 4.3%.
*Current Yield: 2.1% Franking: 0% DRP Discount: 5%
*Yield has been calculated on the closing price on the 26/3/2010. Current yield is based on the current dividend payment only.
Ludowici Limited (LDW) today announced that it has agreed to acquire the Mining Division (JS Mining) of Johnson Screens globally (except Africa) for US$27.7m ($31.3m based on an exchange rate of A$/US$0.8850). JS Mining is a leading player in the mineral processing consumables market, supplying a complementary range of screening and separation products to the mining and quarrying industry in Australia, North and South America and India. The acquisition is expected to be completed on 31 December 2009. The consideration payable to Johnson Screens for the business comprises $18.5m in cash and the issue of 2.5m shares in Ludowici at $3.00 per share (Johnson Screens Issue). Johnson Screens will also retain $5.3m of net debtors and creditors. The cash component will be funded by a placement to institutions (Institutional Placement) and a Share Purchase Plan (SPP) to shareholders, raising $9.3m, with the balance to be funded by debt.
Ludowici’s Chairman, Phil Arnall said “The acquisition is an excellent addition to Ludowici’s existing product offering, optimising the Company’s mix of consumable and capital products, and will allow Ludowici to take advantage of its existing global footprint and sales infrastructure. This is also the first time that Ludowici has undertaken a significant share placement to new investors and we welcome the new shareholders to the company as we look forward to driving growth in Ludowici.”
JS Mining designs, manufactures and markets screening products (stainless steel, polyurethane, rubber and woven wire) and wear liners (chute, SAG, ball and impact mills). The business operates in the same geographic markets as Ludowici and has a complementary product suite and customer base. JS Mining has forecast 2010 revenue of circa $52m, EBIT of circa $6m and employs 185 personnel.
Ludowici Limited (LDW) will go ex dividend on 9/9/2009. The current dividend payment is 6 cents and it is 0% franked. The record date is 15/9/2009 and the dividend will be paid on 25/9/2009. Based on the full year payment the dividend yield is 3.9%.
Current Yield: 2.9% Franking: 0% DRP Discount: 5%
*Yield has been calculated on the closing price on the 4/9/2009. Current yield is based on the current dividend payment only.
Ludowici Limited (LDW) today announced it had won contracts amounting to AUD$19million to supply mineral processing equipment for two new coal handling plants as part of a major expansion of the Shanxi Coking Coal Group in China.
Patrick Largier, Chief Executive Officer of Ludowici said that the company has been working closely with John Finlay Engineering Pty Ltd, a leading provider of mineral processing solutions to the global resources industry, to win this project.
The contracts will be delivered progressively over the second half of 2009 and the first half of 2010. Mr Largier said that this contract further demonstrates the high international regard held for Ludowici minerals processing equipment.
Ludowici’s strategic objective is to become a leading supplier of separation and wear resistant technology and services to the global mineral processing industry. To meet this challenge Ludowici has em phasized a clear business strategy of development and ownership of world class technology as the essential backbone of it s business, supported by outstanding service to its customers.
