A director at Worley Limited bought 7,886 shares at 15.050AUD and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...
Summary Marketline's LogiCamms Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by LogiCamms Limited - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investmen...
The independent financial analyst theScreener just upgraded the general evaluation of WORLEY (AU), a company active in the Oil Equipment & Services industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains as risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date January 4, 2022, the closing price was AUD 11.12 and its ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
We increase our fair value for no-moat WorleyParsons by 2% to AUD 9.20 on time value of money considerations. Our fiscal 2019 and 2020 EPS forecasts are unchanged. Including Jacobs ECR, we still assume 5-year revenue CAGR of 18.3% to AUD 11.0 billion by fiscal 2023. However, after normalising for Jacobs, our revenue CAGR for the combined entity is a more pedestrian 3.1%. Worley completed the USD 3.2 billion acquisition of Jacobs in late April 2019 and work to combine the two businesses is underw...
WorleyParsons is an established provider of engineering and other professional services to the oil, gas, mining, power, and infrastructure sectors. It primarily delivers projects, including engineering, procurement, and construction facets. Hydrocarbons is the largest business, with infrastructure and minerals, metals, and chemicals the balance. A recently completed AUD 4.6 billion acquisition of Jacobs ECR reduces reliance on hydrocarbons to 52% from 75% including downstream, and increased the ...
We increase our fair value for no-moat WorleyParsons by 2% to AUD 9.20 on time value of money considerations. Our fiscal 2019 and 2020 EPS forecasts are unchanged. Including Jacobs ECR, we still assume 5-year revenue CAGR of 18.3% to AUD 11.0 billion by fiscal 2023. However, after normalising for Jacobs, our revenue CAGR for the combined entity is a more pedestrian 3.1%. Worley completed the USD 3.2 billion acquisition of Jacobs in late April 2019 and work to combine the two businesses is underw...
We make no change to our AUD 9.00 per share fair value estimate for no-moat WorleyParsons or to our fiscal 2019 and 2020 EPS forecasts. We have, however, altered the growth and margin assumptions underlying our estimates following the company’s first-half fiscal 2019 results. Underlying NPAT increased by 26% to AUD 98.4 million, in line with our expectations. But segment margins were generally lower than we’d anticipated, offset by higher than expected revenue growth. Group first-half revenu...
We make no change to our AUD 9.00 per share fair value estimate for no-moat WorleyParsons or to our fiscal 2019 and 2020 EPS forecasts. We have, however, altered the growth and margin assumptions underlying our estimates following the company’s first-half fiscal 2019 results. Underlying NPAT increased by 26% to AUD 98.4 million, in line with our expectations. But segment margins were generally lower than we’d anticipated, offset by higher than expected revenue growth. Group first-half reven...
WorleyParsons is an established provider of engineering and other professional services to the oil, gas, mining, power, and infrastructure sectors. It primarily delivers projects, including engineering, procurement, and construction facets. Hydrocarbons is currently the largest business, contributing 75%-80% of revenue, with infrastructure 10%-15% and minerals, metals, and chemicals the balance. A proposed AUD 4.6 billion acquisition of Jacobs ECR will reduce reliance on hydrocarbons to 52% incl...
We make no change to our AUD 9.00 per share fair value estimate for no-moat WorleyParsons or to our fiscal 2019 and 2020 EPS forecasts. We have, however, altered the growth and margin assumptions underlying our estimates following the company’s first-half fiscal 2019 results. Underlying NPAT increased by 26% to AUD 98.4 million, in line with our expectations. But segment margins were generally lower than we’d anticipated, offset by higher than expected revenue growth. Group first-half revenu...
In October 2018, we upgraded our fair value estimate for no-moat WorleyParsons by 43% to AUD 9 per share. This assumes an announced AUD 4.6 billion purchase of chemicals and resources engineer Jacobs ECR goes ahead. The combination will double Worley’s earnings and create a global leader in professional project and asset services in resources and energy. It will also generate cost savings of AUD 130 million per annum, which we credit in our valuation. Our FVE has limited downside risk. AUD 3.7...
In October 2018, we upgraded our fair value estimate for no-moat WorleyParsons by 43% to AUD 9 per share. This assumes an announced AUD 4.6 billion purchase of chemicals and resources engineer Jacobs ECR goes ahead. The combination will double Worley’s earnings and create a global leader in professional project and asset services in resources and energy. It will also generate cost savings of AUD 130 million per annum, which we credit in our valuation. Our FVE has limited downside risk. AUD 3....
In October 2018, we upgraded our fair value estimate for no-moat WorleyParsons by 43% to AUD 9 per share. This assumes an announced AUD 4.6 billion purchase of chemicals and resources engineer Jacobs ECR goes ahead. The combination will double Worley’s earnings and create a global leader in professional project and asset services in resources and energy. It will also generate cost savings of AUD 130 million per annum, which we credit in our valuation. Our FVE has limited downside risk. AUD 3....
In October 2018, we upgraded our fair value estimate for no-moat WorleyParsons by 43% to AUD 9 per share. This assumes an announced AUD 4.6 billion purchase of chemicals and resources engineer Jacobs ECR goes ahead. The combination will double Worley’s earnings and create a global leader in professional project and asset services in resources and energy. It will also generate cost savings of AUD 130 million per annum, which we credit in our valuation. Our FVE has limited downside risk. AUD 3.7...
We applaud WorleyParsons’ monetising healthy priced scrip in a proposed AUD 4.6 billion acquisition of Jacobs Engineering Group’s energy, chemicals and resources divisions, or Jacobs ECR. However, we don’t recommend shareholders take up the 1-for-1.47 entitlements in an associated AUD 2.9 billion capital raising, as the AUD 15.62 offer price is well above even our upgraded AUD 9.00 fair value estimate. Further, the entitlements are unfavourably nonrenounceable and trading of shares issued ...
We applaud WorleyParsons’ monetising healthy priced scrip in a proposed AUD 4.6 billion acquisition of Jacobs Engineering Group’s energy, chemicals and resources divisions, or Jacobs ECR. However, we don’t recommend shareholders take up the 1-for-1.47 entitlements in an associated AUD 2.9 billion capital raising, as the AUD 15.62 offer price is well above even our upgraded AUD 9.00 fair value estimate. Further, the entitlements are unfavourably nonrenounceable and trading of shares issued ...
We applaud WorleyParsons’ monetising healthy priced scrip in a proposed AUD 4.6 billion acquisition of Jacobs Engineering Group’s energy, chemicals and resources divisions, or Jacobs ECR. However, we don’t recommend shareholders take up the 1-for-1.47 entitlements in an associated AUD 2.9 billion capital raising, as the AUD 15.62 offer price is well above even our upgraded AUD 9.00 fair value estimate. Further, the entitlements are unfavourably nonrenounceable and trading of shares issued ...
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