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Articles by BWP Trust
Rio extends Primero contract
Share Price Closing price for the last 90 trading days Powered by Morningstar ® Winner 2013 All Rising Stars winners for 2013 Alyka BG&E Bhagwan Marine Global Electrotech Monford Group Present Group Primero Group Site Projects Group Vesco Foods Yahava KoffeeWorks Total Shareholder Return as at 29/05/20 1 year TSR5 year TSR 314th BWP Trust 11% 8% 482nd Finbar Group -15% -4% 583rd Swick Mining Services -30% 1% 657th Primero Group -42% 687th Veris -48% -15% 671 WA (and selected non WA) listed...
Primero goes significant on Barton Gold’s register
ASX-listed Primero Group has become a “significant” shareholder on unlisted Barton Gold’s share register as the private equity backed company gears up its ready-to-mine South Australian gold assets and makes preparations to go public.
Finbar brings sales in house
Share Price Closing price for the last 90 trading days Powered by Morningstar ® BN30 Index Index = 100 as of 4 Jan 2016 Source: Morningstar Total Shareholder Return as at 30/04/20 1 year TSR5 year TSR 292nd BWP Trust 0% 9% 336th Lycopodium -0% 31% 427th Empired -15% -15% 445th Finbar Group -17% -6% 618th Primero Group -44% 674 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue Powered by Morningstar ® Share Transactions Total value...
Primero in legal dispute with Wärtsilä
Share Price Closing price for the last 90 trading days Powered by Morningstar ® Winner 2013 All Rising Stars winners for 2013 Alyka BG&E Bhagwan Marine Global Electrotech Monford Group Present Group Primero Group Site Projects Group Vesco Foods Yahava KoffeeWorks Total Shareholder Return as at 30/04/20 1 year TSR5 year TSR 292nd BWP Trust 0% 9% 445th Finbar Group -17% -6% 557th Swick Mining Services -35% -1% 618th Primero Group -44% 747th Veris -64% -22% 674 WA (and selected non WA) listed...
Perth contractor develops locally built ventilator
Share Price Closing price for the last 90 trading days Powered by Morningstar ® Total Shareholder Return as at 31/03/20 1 year TSR5 year TSR 268th BWP Trust -6% 8% 319th Lycopodium -14% 29% 331st Finbar Group -15% -5% 415th GR Engineering Services -30% 2% 461st Empired -35% -20% 669 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue Powered by Morningstar ® Share Transactions Total value as at the date of the transaction Powered by...
Swick confirms dividend, launches buy-back
Share Price Closing price for the last 90 trading days Powered by Morningstar ® Total Shareholder Return as at 31/03/20 1 year TSR5 year TSR 268th BWP Trust -6% 8% 544th Swick Mining Services -47% -8% 619th Veris -55% -18% 620th Primero Group -55% 669 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue Powered by Morningstar ® Share Transactions Total value as at the date of the transaction Powered by Morningstar ® Revenue 30th BWP...
Rio awards Primero $20m in extra work
Share Price Closing price for the last 90 trading days Powered by Morningstar ® Winner 2013 All Rising Stars winners for 2013 Alyka BG&E Bhagwan Marine Global Electrotech Monford Group Present Group Primero Group Site Projects Group Vesco Foods Yahava KoffeeWorks Total Shareholder Return as at 28/02/20 1 year TSR5 year TSR 246th Finbar Group 14% -0% 271st BWP Trust 8% 11% 392nd Swick Mining Services -8% 2% 461st Veris -17% -7% 663rd Primero Group -48% 671 WA (and selected non WA) listed...
Miners hit by COVID-19 regulations
Mining companies are scaling back their operations, with Newmont Corporation and Kirkland Lake Gold cutting exploration in Australia, and others including Rio Tinto are shelving some of their international mines. Swick Mining Services announced to the market today that Newmont advised the contractor it had demobilised exploration activities at the Tanami gold mine in the Northern Territory, in response to coronavirus-related state government measures.
Finbar to kick off second stage of Applecross apartments
Finbar's Aurora development will comprise larger apartments than its Sabina Applecross counterpart. Image: Finbar Group facebook twitter linkedin print Finbar Group is responding to increased demand for larger apartments with the launch of the second stage of apartments of its Applecross development, a $143 million tower to complement its nearly-completed Sabina building on Canning Highway. To read more, please Login below or Subscribe.
Swick Mining to review core businesses
Swick has declared a fully franked interim dividend of 0.3 cents per share. Photo: Swick Mining Services facebook twitter linkedin print Swick Mining Services has begun a strategic review of its drilling and mineral technology divisions, while at the same time announcing its first dividend in five years. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Developers still wary in South Perth
facebook twitter linkedin print Recent planning decisions have been positive for developers in South Perth, but several major players have cautioned that significant challenges remain in the near-city suburb. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month. Login (existing subscribers) Username/Email * Password * The password field is case sensitive. Request new password Problems, questions, feedback?
Minister issues go-ahead for $300m South Perth tower
The Civic Triangle site is considered to be South Perth's flagship development area. Image: Finbar Group facebook twitter linkedin print ASX-listed apartments developer Finbar Group has gone into a trading halt following Planning Minister Rita Saffioti superseding local planning authorities and approving its $300 million, 39-storey Civic Heart project. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Minister issues go-ahead for $300m Civic Heart
The Civic Triangle site is considered to be South Perth's flagship development area. Image: Finbar Group facebook twitter linkedin print ASX-listed apartments developer Finbar Group has gone into a trading halt following Planning Minister Rita Saffioti superseding local planning authorities and approving its $300 million, 39-storey Civic Heart project. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Primero wins $100m in contracts
Cameron Henry says the contracts add to the company's already strong order book. facebook twitter linkedin print Primero Group said it has increased its order book to $195 million for the 2020 financial year after securing major engineering and construction contracts with Rio Tinto and Fortescue Metals Group. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Primero wins $115m Rio contract
Primero will raise $7.6 million to fund working capital required for new and existing contracts. facebook twitter linkedin print Primero Group has secured three new construction contracts, including a $115 million award with Rio Tinto, while also announcing a capital raising of $7.6 million. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Swick to raise up to $17m
The funds will provide Swick with additional liquidity to support its growth plan. facebook twitter linkedin print Swick Mining Services has raised $15 million via share placement, as the company positions itself for a period of growth. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month. Login (existing subscribers) Username/Email * Password * The password field is case sensitive.
BWP to pay special dividend from Bunnings sales
Property group BWP Trust has reported a 7 per cent fall in full-year profit but will still pay shareholders a special dividend, after selling four properties vacated by Bunnings for about $72 million.
BWP to pay special div from Bunnings sales
Property group BWP Trust has reported a seven per cent fall in full-year profit but will still pay shareholders a special dividend after selling four properties vacated by Bunnings for about $72 million.
Next gen takes reins at listed companies
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Finbar lowers FY profit forecast
Finbar Group has lowered its profit guidance by up to $5 million for this financial year, following delays at its Vue and Palmyra Apartments Estate projects.
Empired loses out on Main Roads works
Shares in Empired fell as much as 20.5 per cent today, after the IT services provider announced it was not selected as a preferred bidder in the provision of ICT infrastructure and systems services for Main Roads WA until 2023.
Swick posts strong Q3 results
Shares in Swick have jumped 10 per cent, after the drilling business revealed its earnings before interest, tax, depreciation and amortisation (EBITDA) rose 58 per cent compared to the prior corresponding period.
Not all is gold for Swick as it wins $210m of work
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Finbar in property management move
Darren Pateman says it is the right time to add a new suite of services to the Finbar offering. Photo: Gabriel Oliveira
Finbar forecasts strong second half on Vue, Palmyra completions
Apartments developer Finbar Group is poised for a strong performance in the second half of the 2019 financial year, forecasting a solid uplift on its first half net profit of $1.89 million with the expected completion of its Vue Tower and the first stage of the Palmyra Apartment Estate.
Planning changes pave way for two-tower Civic Heart
Finbar Group’s new $330 million Civic Heart will comprise two towers at 39 and 22 storeys, with the state government giving its tick to planning guideline changes for the site.
Strata changes offer premium potential
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Finbar plans share buy-back
Finbar Group has announced an on-market share buy-back program that could see the company spend about $16 million repurchasing seven per cent of its own shares.
Finbar facing stinky situation at Palmyra apartments
Finbar Group is embroiled in a court battle over whether it has to tell potential buyers of apartments at its $50 million Palmyra project that the D’Orsogna factory across the road may produce bad smells.
Finbar buys out Harmony partner
Apartment developer Finbar Group has bought the final stage of the Symphony City development in East Perth from its joint venture partner Ventrade Australia for $4.5 million. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Empired wins $9m+ NZ contract
Empired subsidiary Intergen has won a $9 million plus contract to develop a digital transformation program for New Zealand’s Department of Internal Affairs. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
GCS solidifies contracts worth $25m
Global Construction Services has today secured two contracts, totalling $24.6 million, in Victoria. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
GCS wins $7m contract
Global Construction Services has secured a $7.4 million contract in Melbourne, with merger partner SRG set to complete part of the work.
SCEE wins $50m in contracts
Perth-based Southern Cross Electrical Engineering has been awarded a number of new contracts across the country in the commercial, resources and telecommunication sectors.
Southern Cross wins $55m NSW infrastructure contract
Southern Cross Electrical Engineering has been awarded a $55 million electrical instrumentation installation contract at the Westconnex M5 road project in New South Wales.
CTI in $4.5m freight buy
ASX-listed CTI Logistics has agreed to purchase regional freight company Stirling Freight Express for $4.5 million.
Finbar on the lookout for hotel operator
Finbar Group is inviting expressions of interest from hotel operators for a proposed 18-storey hotel located on Adelaide Terrace, a site previously home to the ABC radio and recording studios.
Empired wins education contract
Catholic Education Western Australia has modified its delivery strategy for the ambitious ICT project it has created in collaboration with Microsoft, with local firm Empired wining work under a new fixed-price contracting model. CEWA told Business News it has moved away from a ‘time and materials’ delivery process for its Leading Lights digital project. This process normally means the cost of a project is open-ended, and has been replaced with fixed price contracts with local suppliers.
Empired flags modest revenue
IT services provider Empired has flagged modest results for the first half of the financial year due to a drop in public sector revenue in New Zealand. The Perth-based company released a trading update to the ASX today that said earnings before income taxes, depreciation and amortisation was expected to be between $7 million and $7.3 million.
Swick drilling picks up
Swick Mining Services revenues are up, in another sign of a strengthening mining sector. Swick managing director Kent Swick said the new financial year had brought some optimism. "There appears to be a change in sentiment in the mineral drilling market, with clients generally indicating that more drilling will be undertaken than there has been of recent years," he said. To read more, please Login or Register below
CTI buys Jayde Transport
CTI Logistics has acquired national business Jayde Transport in an all-cash deal worth up to $7.5 million, as it looks to lessen its reliance on the local market. Perth-based CTI said it would pay an initial $6.5 million to acquire Jayde, a road and rail transport and warehousing business which operates in all states and owns facilities in Perth, Melbourne and Adelaide, plus a further deferred $1 million payment.
BWP ups annual payout
Bunnings’ property arm, ASX-listed BWP Trust, will deliver a higher distribution payout to its stakeholders after achieving a solid full-year result. BWP has announced a final distribution per unit of 8.88 cents, for a total payout of 17.51 cents for the 2017 financial year, up 4.3 per cent on FY16. The trust posted a net profit of $223.8 million for FY17, down 28 per cent, with revenue up 2 per cent to $152.5 million. To read more, please Login or Register below
Blackburne to lead Cedar Woods
Paul Sadleir has announced plans to retire as managing director of Cedar Woods Properties, with chief operating officer Nathan Blackburne to step into the role. Mr Blackburne will move from Melbourne to Perth to take on the new role when Mr Sadleir steps down in September after 14 years at the helm. The incoming CEO has spent 15 years with Cedar Woods in a number of roles, including as COO and as state manager in Victoria before that. To read more, please Login or Register below
Cedar Woods sells Target HQ for $58m
Cedar Woods Properties has found a buyer for a commercial development in Melbourne suburb Williams Landing, which is currently under construction and will become the Australian headquarters for Wesfarmers-owned department store chain Target. Cedar Woods today announced it would sell the Target HQ to Centuria Property Funds Limited, with the deal worth $58.2 million.
CTI founder sells down to Forager
CTI Logistics chairman David Watson has sold down his stake in the company for the first time since he founded the business in 1972, with Forager Funds Management acquiring the shares and investing further funds to become a substantial shareholder. Mr Watson told shareholders on Monday that he had sold about 2.2 million shares in CTI to Sydney-based institutional investor Forager for $1.63 million.
Swick raises $5m, buys tech business
Swick Mining Services has raised about $5 million from investors to fund the buyout of minority shareholders in a mineral analysis and measurement technology company in which it already owns a major stake. Perth-based Swick said it would pay $2.9 million in cash to acquire the 29.5 per cent stake it doesn’t already own in Orexplore AB, a tech company that has created a portable X-ray mineral scanner that has the potential to provide accurate, real-time assay and structural analysis in the field.
Hard-nosed realities of the hardware business
OPINION: Wesfarmers has received some positive news on its move into UK hardware, but things are less rosy for investors in the local property trust in which it holds a major stake. Cold comfort as it may be for investors in its Australian property associate, BWP Trust, Wesfarmers’ ambitious adventure into the British hardware business has passed its first inspection by hard-nosed financial experts.
Empired raises $16m
IT services provider Empired has tapped investors for $16 million to pay off debt and meet $7.7 million in outstanding vendor payments. Perth-based Empired raised the funds through the placement of 36.3 million shares at 44 cents each, representing a 6 per cent discount to the company’s five-day volume-weighted average price. The proceeds will be used to reduce Empired’s net debt, fund $7.7 million in vendor payments between May and July, and for working capital.
Empired wins GovNext work
One of the three prime contractors undertaking the state government’s GovNext ICT infrastructure project has recruited Perth-based IT services provider Empired as a subcontractor under a $15 million deal. Empired will assist NEC Australia in supplying cloud-based ICT infrastructure as a service to the government over an initial five years, with Empired’s contract coming attached with a further 5-year option.
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