Tag: ALQ

Is the takeover offer for ALS a replay of Treasury Wine Estates and the way it fought off numerous approaches from private equity groups trying to buy the company before a turnaround became apparent – a rebound that has seen Treasury shares double from the original offer price?

Another global Australian company is under takeover threat.

Brisbane-based testing group ALS Ltd (ALQ) saw its shares hammered more than 11% lower yesterday as investors gave the full year results and weak outlook the thumbs down.

Brisbane-based global testing group ALS (ALQ) has managed to survive a second lot of impairments on its 2013 foray into the oil and gas sector when it paid $580 million for the purchase of the US oil and gas testing and services business, Reservoir Group.

Shares in testing giant ALS (ALQ) shook off a small first half downgrade revealed at yesterday’s annual meeting in Brisbane to close up more than 3%.

Brisbane-based testing services group ALS Limited (ALQ) is not letting the downturn in the mining, oil and gas and other areas of the economy (such as water) and a loss in 2014-15 stop it from continuing on its growth plan.

It was a case of good timing when testing and services group ALS Ltd (ALQ) reported its interim financial figures yesterday.

Shares in testing group ALS (ALQ) dropped by more than 17% yesterday after the company produced a surprise profit downgrade, driven by the continuing fall in business from the mining sector.

Brisbane based testing group, ALS (ALQ) upset the market yesterday afternoon with a realistic, but nevertheless gloomy first half profit forecast at the annual meeting in Brisbane.

A brave, confident reaction from investors to the expected weak result from Brisbane-based resource and environmental testing group ALS (ALQ) yesterday.

The huge publicity over the weak Qantas result and job cuts overshadowed a number of other weak reports and warnings yesterday. Transfield Service was one such weak reporter, while yesterday afternoon, a sharp profit downgrade warning from ALS, the country’s biggest testing group servicing the resources sector, was missed by many, but not all investors.

Major testing group ALS (ALQ) reported the expected downturn in revenue and profit for the six months to September 30 yesterday, and not surprisingly, declined to give any guidance for the rest of the 2013-14 year.

Obviously the board of Brisbane-based ALS (formerly known as Campbell Brothers) isn’t too worried about the slump in activity in the mining and resources sector (its key area of interest) lasting too long, judging by the announcement of two purchases in the sector yesterday – including its biggest deal yet – the more than half a billion dollar purchase of a big UK-owned oil and gas services group called Reservoir Group.