Ludowici Limited (LDW) will go ex dividend on 18/4/2012. The current dividend payment is 11 cents and it is 100% franked. The record date is 24/4/2012 and the dividend will be paid on 9/5/2012. Based on the full year payment the dividend yield is 1.9%.
*Current Yield: 1.0% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 27/3/2012. Current yield is based on the current dividend payment only.
Ludowici (LDW) is pleased to announce its USA business has been awarded their largest contract for vibrating screens in copper processing. The contract from an existing client in western USA is valued at USD4.7m and is for a quantity of Ludowici’s high capacity vibrating screens which will be used in a copper crushing operation.
Company CEO and Managing Director Patrick Largier said “Following on from our recent successes in Latin America, this is further proof that Ludowici vibrating screens are universally accepted as leading edge products which perform extremely well in the world’s most demanding mineral processing environments. We are extremely pleased with our continued diversification across a wide range of minerals. The Americas are a very important market for Ludowici and winning projects like these, justifies the efforts we are making throughout the region”.
Ludowici continues to strengthen its global business with significant quoting activity across a breadth of mineral applications in Australia, Africa, North America, Latin America, India and China. Ludowici Limited (LDW) is proud of its 150+ year record of innovation in engineering and design. Having been established in 1858, Ludowici’s activities today revolve around the global mining industry – designing, manufacturing and marketing mineral processing equipment. The Company’s products and services include vibrating screens, reflux classifiers, coal centrifuges, an extensive range of wear resistant products, and a variety of other products and services. Ludowici has a proven commitment to research and development to ensure its clients continue to benefit from the latest advancements in engineering design and technology. The Company’s diverse range of products and services is testimony to its reputation for innovation. Headquartered in Brisbane, Australia, Ludowici has 21 offices globally across Australia, Latin America, China, India, South Africa and the United States.
Ludowici (LDW) is pleased to announce it has been awarded its largest contract for vibrating screens in copper processing. The contract from an existing client in Peru is valued at approximately USD15m and is for a quantity of Ludowici’s high capacity vibrating screens and will be used in a copper crushing and grinding operation.
Company CEO and Managing Director Patrick Largier said “We are delighted to have been awarded this contract from one of our most important clients in one of our most important markets. Ludowici vibrating screens are leading edge products which perform extremely well in the world’s most demanding mineral processing environments. Our continued growth within the major global mining markets is very encouraging and gives us the opportunity to push on with our plans for further expansion of our footprint, allowing us to provide local service and support to our client base wherever they are located”.
In recent months Ludowici has successfully participated in major mining projects within Australia, Africa, North America, Latin America and China, clearly demonstrating the strength of the global brand. Ludowici Limited (LDW) is proud of its 150+ year record of innovation in engineering and design. Having been established in 1858, Ludowici’s activities today revolve around the global mining industry – designing, manufacturing and marketing mineral processing equipment. The Company’s products and services include vibrating screens, reflux classifiers, coal centrifuges, an extensive range of wear resistant products, and a variety of other products and services. Ludowici has a proven commitment to research and development to ensure its clients continue to benefit from the latest advancements in engineering design and technology. The Company’s diverse range of products and services is testimony to its reputation for innovation.
http://www.traderdealer.com.au/fundamentals/ldw
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.
http://www.traderdealer.com.au/fundamentals/ldw
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.
http://www.traderdealer.com.au/fundamentals/ldw
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
*Yield has been calculated on the closing price on the 15/4/2011. Current yield is based on the current dividend payment only.
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).
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.
http://www.traderdealer.com.au/Fundamentals/ldw
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%
*Yield has been calculated on the closing price on the 2/9/2010. Current yield is based on the current dividend payment only.
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.
