Aurizon Holdings Limited

Aurizon (ASX: AZJ) is Australia’s largest rail freight operator and a top 50 ASX company. Each year, we transport more than 250 million tonnes of Australian commodities — connecting miners, primary producers, and industry with international and domestic markets. We provide our customers with integrated freight and logistics solutions across an extensive national rail and road network, traversing Australia.

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COVID-19 And The Implications For Dividends
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Freight Derails Aurizon Profit

Rail freight operator Aurizon is selling its troubled intermodal business, cutting another 250 jobs, revealed the financial cost of the impact from Cyclone Debbie and has slashed its final dividend after reporting a bottom line loss of $188 million. But it will run a multi-million dollar buyback this financial year to provide support to the share price.

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Aurizon Confirms More Cuts

The other shoe dropped at rail group, Aurizon late yesterday – 15 days ago it revealed a restructure and slimming of top management jobs – it revealed another write off of its abortive WA iron ore play, more job cuts among employees, and said 2015-16 results would be a bit better than expected.

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Aurizon’s Hedge Fund Admirer

News that one of the world’s leading hedge fund managers had identified Aurizon Ltd (AZJ), the old Queensland Rail business, as one of his best investment ideas, sent the shares of the rail giant up 3.6% yesterday to $4.55, within sight of its all time high of $4.57.

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Analyst Views

AZJ – Morgans rates the stock as Hold

Morgans is more confident in the outlook for the regulated network after the briefing. However, concerns continue regarding competitive pressures above rail. With the revenue allowance for operating costs fixed until FY27 for the UT5 agreement, management was upbeat about the cost-cutting potential.

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