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Tag: MND

Markets / Shares

Monadelphous Engineers a Solid Result

February 22, 2022February 22, 2022 - by Glenn Dyer

December half year earnings for engineering contractor Monadelphous rose more than 17% despite increased margins pressure from continuing labour shortages in the WA resource sector.

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Markets / Shares

Sometimes You Can’t Win for Losing

August 24, 2021August 24, 2021 - by Glenn Dyer

Strong results and increased dividends from SEEK, Ansell and Monadelphous weren’t enough to satisfy the market, with each company’s shares falling in Tuesday’s ASX session.

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Broker News

MND – UBS rates the stock as Neutral

November 25, 2020 - by Broker News

Monadelphous has guided to sales being up around 10% in the first half versus the prior half, better than UBS anticipated. The stronger resumption in activity is reflected in improved staffing levels which have increased by around 20% since June.

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Commodities / Shares

Analysts Downgrade Monadelphous As Rio Tinto Makes $493m Damages Claim

August 6, 2020August 6, 2020 - by Glenn Dyer

Shares in Perth-based mining services company Monadelphous have dropped to a four-year low as broking analysts cut their ratings on the stock in the wake of news of a $493 million damages suit from Rio Tinto.

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Shares

Rio Tinto Launches Legal Action Against Monadelphous

August 4, 2020 - by Glenn Dyer

Shares in Perth-based engineering company Monadelphous Group dropped more than 10% on Monday after news broke that it was being sued by Rio Tinto over a fire at one of Rio’s iron ore export terminals at Cape Lambert in the Pilbara.

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Broker News

MND – Citi rates the stock as Upgrade to Buy from Neutral

May 26, 2020 - by Broker News

The company’s balance sheet is the strongest in Citi’s coverage, courtesy of having negligible debt. The broker likes the combination of relative resilience in mining, coupled with optimism regarding the pace of recovery in energy from 2021.

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Commodities / Shares

Bargains For The Brave In The Mining Services Sector

May 12, 2020May 12, 2020 - by Tim Boreham

The New Criterion’s Tim Boreham highlights several mining services contractors, large and small, and their potential at this time.

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Markets / Shares

DNR Capital Assesses The Impact Of COVID-19 On Australian Small Cap Equities

March 27, 2020March 27, 2020 - by Company News

Capturing the outstanding long-term opportunities will require staying calm and committed to your investment process.

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Shares

Monadelphous Outlook Overshadows Earnings Slip

February 19, 2020February 18, 2020 - by Glenn Dyer

Shares in Perth-based engineering company, Monadelphous Group Ltd rose more than 5% yesterday despite the company cutting interim dividend by 12% for the half-year to the end of December.

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Broker News

MND – Bell Potter rates the stock as Buy

January 21, 2020 - by Broker News

Bell Potter has a positive take on Monadelphous due to the announcement of contract awards worth circa $350m, putting it on track to achieve its $1.5bn target in awards for FY20.

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Shares

The Factors Underpinning A Recovery In Monadelphous

October 31, 2019November 1, 2019 - by Michael Gable

On closer inspection of the fundamentals and outlook, we consider that there are a number of factors that could potentially underpin a recovery in Monadelphous. The catalyst for this recovery would be what upcoming AGM on 19 November.

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Broker News

MND – UBS rates the stock as Upgrade to Buy from Neutral

September 26, 2019September 26, 2019 - by Broker News

Following the recent underperformance of the share price, UBS upgrades to Buy from Neutral. The broker expects Monadelphous to return to sales growth in FY20 as it transitions into iron ore replacement and sustaining capital projects from LNG construction.

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Shares

Earnings Shorts: Monadelphous, Tassal, Beacon Lighting, Asaleo Care

August 21, 2019August 20, 2019 - by Glenn Dyer

Monadelphous has slashed its dividend, now it’s the raw prawn for salmon farmer Tassal, weak housing has weighed on Beacon Lighting while Asaleo Care has revealed a small return to profit.

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Broker News

MND – UBS rates the stock as Downgrade to Neutral from Buy

July 3, 2019 - by Broker News

UBS updates its database for iron ore capital expenditure, now estimating total investment in Western Australia could be around US$21bn. This expenditure is expected to be delivered through FY19-22.

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Shares

Monadelphous, NRW Offer Differing Perspectives Of Mining Services

November 21, 2018November 21, 2018 - by Glenn Dyer

The vagaries of the resources sector and the servicing of it were on display in Perth yesterday for NRW and the much larger Monadelphous Group.

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Shares

Mining Recovery Helps Monadelphous Regain Mojo

February 21, 2018September 5, 2018 - by Glenn Dyer

Perth-based engineering services firm Monadelphous Group has rediscovered its growth mojo, judging by the latest financial report, with help from the rebound in commodity prices and activity, especially in oil, gas, gold and iron ore.

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Shares

Mining Downturn Bites Monadelphous

August 24, 2016 - by Glenn Dyer

Perth-based engineering contractor Monadelphous’s (MND) 2015-16 performance got a very solid thumbs down from unimpressed investors yesterday with the shares losing more than 17% by the close.

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Shares

More Challenges Ahead At Monadelphous

November 18, 2015 - by Glenn Dyer

The downturn in spending in resources, especially mining and oil and gas has again caught up with engineering group Monadelphous (MND) which yesterday issued a warning about a looming fall in first half revenue, and presumably profits.

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Shares

Resources Slump Weighs On Monadelphous

August 19, 2015 - by Glenn Dyer

Not unexpectedly, Perth-based contractor and engineer, Monadelphous (MND) reported lower earnings for 2014-15 and slashed its dividend as it looks to another tough year in the resources sector.

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Shares

Monadelphous Survives Profit Fall & Dividend Cut

August 20, 2014 - by Glenn Dyer

Shares in engineer contractor, the Perth-based Monadelphous Group (MND), jumped by nearly 7% at one stage in trading yesterday after it revealed a market forecast-beating net profit for the full year ending in June.

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Shares

Monadelphous Looking At A Slowing Year

November 20, 2013 - by Glenn Dyer

Yet another downgrade/warning from the mining services and construction sector, with Perth-based Monadelphous Group (MND) telling shareholders at yesterday’s AGM that revenue and earnings will be down on the record 2012-13 year.

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Shares

MND Profit To Double

May 31, 2007 - by Glenn Dyer

Engineering group, Monadelphous Group (MND) says it is looking at an 80 per cent rise in revenue for the 2007 financial year and a doubling in profit; news which sent the company's shares jumping 84c to $13.44.

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4Q reveals more focus on profit and cash flow

• LBY’s 4Q FY22 quarterly activities update showed continued solid growth in top line metrics, albeit slowing, with GMV of NZ$203m (+26% on pcp) and income of NZ$12.1m (+23% on pcp).
• Net Transaction Margin (NTM) disappointed at -0.5%, due to further increase in credit losses from 4.0% to 4.9% of GMV. However, new fraud and credit risk management tools have seen losses recover materially with NTM back to 1.2% in March and LBY is confident of further recovery in coming months.

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    Signs MOU with Ford Company – Kachi is now sold out!

    Lake Resources (LKE. ASX) – LKE has signed two non-binding MOU’s in the space of 10 days. Ford Company (Ford) has signed an MOU for ~25,000t/year and last week Hanwa, a Japanese commodity trader signed a MOU for up to 25,000t/year. Subject to execution, this is an amazing feat as Ford and Hanwa are prepared to enter into longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing but are expected, especially if Ford & Hanwa inject new equity into LKE, to further de-risk the project financing & thus ensure LKE and Kachi are fully funded.

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      Strategic Vanadium-battery growth with Titanium & Iron earnings resiliency

      TNG Ltd is an ASX-listed technology owner and developer of the world-class Mount Peake near-surface vanadiferous titanomagnetite deposit. To unlock value, TNG will concentrate ore from its central Northern Territory mine for processing through its patented TIVAN® process produce three premium quality revenue streams: hi-purity vanadium pentoxide (V2O5) for steel alloys and Vanadium Redox Flow batteries, a quality titanium pigment for paints and a premium steel input with >64%Fe iron ore fines.

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        Promising exploration and development update while SOP prices continue to rise

        Two recent gravity surveys have considerably exceeded expectations and revealed potential for extensions to the existing MRE at Lake Throssell, plus a material growth opportunity at Lake Yeo. This reinforces the potential for a multi-decade, Tier-1 SOP production hub based around Lake Throssell.

        TMG is currently completing work towards the PFS due early 2023, including drilling to start in Q3 2022, evaporation trials and permitting activities. Results from these programs will support the PFS and any future resource upgrade.

        Benchmark SOP prices have risen to ~US$940/t due to recent geopolitical developments. The Oct 2021 Scoping Study assumed a SOP price of US$550/t and contained a sensitivity analysis showing every 10% increase in price drives a +$144m increase in the project NPV of $364m. The c.70% increase above the Scoping Study thus implies a project NPV of ~$1.4bn.

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          Biopharmas Hit, but Buying Opportunities Created

          The news being reported about the performance of biotechnology has been dour, to say the least, for some time now. Those dour articles have been deserved with the iShares Biotechnology Exchange-Traded Fund down 25% and the SPDR® S&P® Biotech ETF is down 45% from their highs. However, those articles are backward-looking, and successful investors need to be looking forward.

          Recently, however, an article in Nature Reviews Drug Discovery caught our eye which we believe should point the way forward for the vast majority of Australian biotechnology investors. This article indicates that, at least, two companies, Antisense Therapeutics (ANP) and Kazia Therapeutics (KZA), are right in the sweet spot in terms of the future of drug development.

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            Biopharmas Hit, but Buying Opportunities Created

            The news being reported about the performance of biotechnology has been dour, to say the least, for some time now. Those dour articles have been deserved with the iShares Biotechnology Exchange-Traded Fund down 25% and the SPDR® S&P® Biotech ETF is down 45% from their highs. However, those articles are backward-looking, and successful investors need to be looking forward.

            Recently, however, an article in Nature Reviews Drug Discovery caught our eye which we believe should point the way forward for the vast majority of Australian biotechnology investors. This article indicates that, at least, two companies, Antisense Therapeutics (ANP) and Kazia Therapeutics (KZA), are right in the sweet spot in terms of the future of drug development.

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              Coal prices up, debt down – It’s payback time

              Strong 1H22 but the real story unfolds in 2H22.

              TerraCom made two announcements to the ASX on the 28th February – the first was their 2021 Half Year 2021 result which indicated that TER continues to report strong operating metrics as well as enjoying buoyant thermal coal markets which is allowing them to pay down debt at an accelerated pace.

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                Hitting goals – Making four material announcements

                We initiated on Magnis Energy Technologies (MNS.ASX) in December 2021 and since then, MNS has made four material announcements. Firstly; a conditional offtake contract for 600,000t of graphite concentrate from the Tanzanian Nachu Project (net 100%) was signed with Traxys, a global
                commodities merchant with annual revenue of ~US$6Bn; secondly; semi autonomous production has started at battery gigafactory iM3NY, thirdly;
                exciting Extra Fast Charge battery tests were reported and most recently, the game changing launch of the Lithium Slim Energy Reserve battery platform, which supports C4V’s growing EFC capability.

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                  Increasing our Target

                  Despite the lower realised oil and gas price, which fell by 5.4% and 19.7% respectively in August, Calima managed to show improvement in its key business metrics.

                  We expect higher production in November due to the contribution by the new Thorsby wells which will be drilled in August/September which will see Calima meet its 2021 production guidance of 4,500 boe/d.

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                    Emerging Financial Wealth Advisory Group

                    WT Financial Group Limited (WTL) is a growing diversified financial services company, founded in 2010 and listed on the Australian Stock Exchange (ASX) in 2015. Its advice and product offerings are delivered primarily through a group of independent financial advisers operating as authorised representatives of WTL under its Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group) dealer group operations. It has around 275 advisers across more than 200 financial advice practices Australia-wide. It also operates a direct-to-consumer operation under its Spring Financial Group brand.

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                      Immutep Taking the Fight to Cancer

                      In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). So impressed was he with IMM that Corporate Connect felt it imperative that a follow-up report be released placing a valuation on the company, because the market was not seeing the vast potential of eftilagimod alpha (efti).

                      This follow-up report has been released today. Using comparables, after adding cash back to their EV estimate and dividing by the total number of issued shares, Corporate Connect now places the fair value of an Immutep share at $A2.20.

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                        Phillips 66 to acquire 16% in NVX – 12-month target price rises 7% through project de-risking

                        Phillips 66 (PSX) has entered into an agreement with NVX to acquire 77.9m new shares for US$150m (A$203m). PSX is the worlds largest producer of speciality petroleum coke a precursor for battery grade synthetic graphite anode materials found with an Enterprise Value of US$47.5Bn and assets of US$57Bn.

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                          Market leading lifelong learning platform technology company in Australia and SE Asia

                          PayGroup (PYG) delivers multi-country BPO services and cloud SaaS HCM solutions, assisting companies to manage employees in multiple, complex jurisdictions. The company has many growth opportunities, including new clients, new jurisdictions, new products, partner expansion, and new revenue sources. PYG’s scalable business model allows operating leverage and with savings from in-housing third party technology, support margin expansion.

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                            Market leading lifelong learning platform technology company in Australia and SE Asia

                            OpenLearning (OLL) is a higher education technology company that operates a scalable online learning platform through a software-as-a-service (SaaS) business model and provides a global marketplace of high quality courses for learners of all levels. Its primary customers are education providers based in Australia and South-East Asia (primarily Malaysia). OLL started operations in Australia in 2012 and expanded to Malaysia in 2015, Singapore in 2018, and recently also Indonesia.

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