Posts Tagged ‘LDW’

ASX Company News: Ludowici Receives Takeover Offer From FLSmidth

Tuesday, January 24th, 2012

Ludowici Limited (LDW) and FLSmidth & Co. A/S have entered into an agreement in relation to a proposal received from FLSmidth to acquire 100% of Ludowici shares at $7.20 cash per share (less any dividends paid by Ludowici before the transaction is completed) by way of Scheme of Arrangement. FLSmidth is a $3.5 billion global engineering company providing one source plant, systems and services to the minerals and cement industries.

Phil Arnall, Chairman of Ludowici, commented “The Board was very pleased to receive and review this approach as it represents a premium of more than 100% to the current share price and vindicates the Board’s belief in the value of the company.”

Under the Process Agreement, the Board of Ludowici has granted confidential due diligence to FLSmidth on an exclusive basis for a period of seven weeks and the parties have agreed to negotiate the terms of a detailed Scheme Implementation Agreement which will reflect key commercial terms which have been agreed in the Process Agreement. The Board has agreed not to solicit alternative

proposals and to pay a break fee in certain circumstances, the precise terms of which together with other important aspects of the transaction are set out in the attached Process Agreement. If the transaction proceeds, the Board expects completion to occur in May 2012.

www.ludowici.com.au

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ASX Company News: Ludowici Acquires Meshcape Industries

Friday, August 5th, 2011

Ludowici Limited (LDW) is pleased to announce that it has agreed to acquire Meshcape Industries located in South Africa.  Meshcape is a major supplier to the mining sector, aggregate and industrial markets, manufacturing, importing and distributing predominantly screen consumables – including polyurethane, woven wire mesh, woven screens, wire conveyor belts, wedge wire and perforated material solutions.

Ludowici Managing Director, Patrick Largier, said the acquisition would strengthen the Company’s position in Africa, providing a platform of scale from which to grow in one of the world’s fastest growing resource regions. Commenting on the strategic, cultural and operational alignment of the two businesses, Mr Largier

said: “We are excited about the opportunities that the acquisition provides for Ludowici and Meshcape. The broader African continent is experiencing rapid growth with a number of new resource projects being established. This acquisition will provide Ludowici with the scale to leverage this rapid resource project growth and support its major customers as they expand in Africa, with a locally sourced offering of both consumable and capital product.”

The proposed acquisition is consistent with Ludowici’s strategy to grow its consumables business, Meshcape provides Ludowici with immediate scale in Africa and a platform to grow rapidly in one of the world’s fastest growing resource regions ; develop a geographically balanced portfolio of capital and consumables businesses; and acquire businesses that are core or complementary to Ludowici – there will be significant potential to expand the African operations given Meshcape’s complementary nature to Ludowici’s current operations. The acquisition of Meshcape is consistent with Ludowici’s strategy to become a leading specialist supplier to the global mineral processing industry. Under the acquisition, Ludowici will acquire Meshcape’s manufacturing assets based in Johannesburg, its established branch and distribution network throughout the major centres of South Africa, and a 50% interest in a South African joint venture with French company, Euroslot (wedge wire manufacturer). Ludowici has agreed to pay ZAR85.2 million (A$11.7 million*) for this acquisition. Approximately 22% of the purchase price will be deferred for 12 months, resulting in an interim debt level increase of ZAR$66 million (A$9.1 million*) for Ludowici.

Ludowici Limited (LDW) was established in 1858. Its activities today revolve around the global mining industry: designing, manufacturing and marketing mineral processing equipment. This includes vibrating screens, reflux classifiers, coal centrifuges, an extensive range of wear resistant products and a variety of other products and services. The Company’s diverse range of products and services is testimony to its reputation for innovation. In over one hundred and fifty years, Ludowici has evolved and adapted to changes in industry, technology and society. Head office is in Brisbane, Australia with international offices established in Latin America, China, India, South Africa and the United States.

www.ludowici.com.au

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ASX Company News: Ludowici Ex Dividend On 18/4/2011

Monday, April 18th, 2011

Ludowici Limited (LDW) will go ex dividend on 18/4/2011. The current dividend payment is 10 cents and it is 100% franked. The record date is 27/4/2011 and the dividend will be paid on 9/5/2011. Based on the full year payment the dividend yield is 3.9%.

*Current Yield: 1.9% Franking: 100% DRP Discount: Not Available

Ludowici Limited

*Yield has been calculated on the closing price on the 15/4/2011. Current yield is based on the current dividend payment only.

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ASX Company News: Ludowici Acquires Rojan Advanced Ceramics

Sunday, December 5th, 2010

Ludowici Limited (LDW) announced that it has signed an agreement to purchase 100% of the shares in Rojan Advanced Ceramics Pty Ltd for cash. Rojan, established in 1991, is a fully integrated manufacturer and supplier of innovative solutions for wear, thermal and corrosion problems to the minerals processing and industrial markets. It is arguably the most technologically advanced ceramics company in the Southern Hemisphere. The industries Rojan supplies include hard rock mineral processing, heavy clay bricks and pavers, chemical and fertilizer plants as well as the power generation industry. The company is based in Western Australia and has a strong presence in the local market and exports its products globally.

Chairman Phil Arnall commented “This acquisition continues the implementation of Ludowici’s strategy to develop world leading positions in niche global markets servicing the mineral processing industry. The Rojan business sells predominantly consumable items to the mineral processing and industrial markets and this acquisition will further increase the proportion of Ludowici revenue derived from sales of consumable items. On the financial side, this transaction should deliver immediate earnings accretion of approximately 5% or circa 2 cps”

The transaction value includes Initial cash payment of AUD$4.9m (approximately 4 times normalized EBITDA) together with potential earn-out payment of AUD$2.3m (payable over the next two years upon achievement of specified EBITDA growth).

www.ludowici.com.au

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ASX Company News: Ludowici Secures New Coal Mining Contract

Thursday, October 21st, 2010

Ludowici Limited (LDW) announced it has won the contract to supply mineral processing equipment to the second stage of the new coal preparation plant at Energy Resources’ UHG Coal Mine in Mongolia. The contract has a value in excess of USD2.5 million. This equipment will be delivered in very late 2010 and early 2011. Ludowici has already supplied the equipment for the first stage of this Mongolian project and this repeat order highlights the company’s growing worldwide capability of supply high quality mineral processing equipment to all mining and mineral processing areas.

Ludowici Limited (LDW) was established in 1858. Its activities today revolve around the global mining industry designing, manufacturing and marketing mineral processing equipment including  vibrating screens, coal centrifuges, an extensive range of wear resistant products and a variety of other  products and services. The Company’s diverse range of products and services is testimony to its reputation for innovation. In over one hundred and fifty years, Ludowici has evolved and adapted to changes in industry, technology and society. Head office is in Brisbane with international offices established in Chile, China, India, South Africa and the United States.

www.ludowici.com.au

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

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Dividends: Ludowici Ex Dividend On 8/9/2010

Sunday, September 5th, 2010

Ludowici Limited (LDW) will go ex dividend on 8/9/2010. The current dividend payment is 10 cents and it is 0% franked. The record date is 14/9/2010 and the dividend will be paid on 24/9/2010. Based on the full year payment the dividend yield is 4.7%.

*Current Yield: 2.9% Franking: 0% DRP Discount: 5%

Ludowici Limited

*Yield has been calculated on the closing price on the 2/9/2010. Current yield is based on the current dividend payment only.

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Ludowici Ex Dividend On 20/4/2010

Monday, March 29th, 2010

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%

www.ludowici.com.au

*Yield has been calculated on the closing price on the 26/3/2010. Current yield is based on the current dividend payment only.

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Ludowici Share Purchase Plan

Thursday, December 24th, 2009

Ludowici (LDW) announced on the 23/12/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is the 17/12/2009 on which shareholders must own the share to participate in the SPP. The closing date is 26/2/2010. Shares will be issued on 5/3/2010 and begin trading soon after. A maximum of $15,000 can be purchased by each shareholder at $2.65.

Discount : 17.2% Liquidity : Poor Profitability : Good Stability : Ok

www.ludowici.com.au

* Note: Discount is based on the closing price on the 23 December 2009.

For More Share Purchase Plans go to http://blog.mdsfinancial.com.au/category/share-purchase-plans/

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Ludowici Share Purchase Plan

Thursday, December 24th, 2009

Ludowici  (LDW) announced on the 23/12/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is the 17/12/2009 on which shareholders must own the share to participate in the SPP. The closing date is 26/2/2010.  Shares will be issued on 5/3/2010 and begin trading soon after.  A maximum of  $15,000 can be purchased by each shareholder at $2.65.

Discount : 17.2%  Liquidity : Poor Profitability : Good  Stability : Ok

www.ludowici.com.au

* Note: Discount is based on the closing price on the 23 December 2009.

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Ludowici Acquires Johnson Screens Mining Division

Thursday, December 24th, 2009

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.

www.ludowici.com.au

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