LCC Asia Pacific's weekly market update on the Australian engineering, mining services and infrastructure services sector - including updates on valuations, deal activity and commercial developments
LCC Asia Pacific Corporate Finance Market Update 404 - 24 May 2021Nicholas Assef
edition 404 of LCC Asia Pacific's market update on the Australian Mining Services and Engineering Sectors - which includes detailed information on ASX companies in the sector's trading performance over the last week
edition 386 of lcc asia pacific's long standing weekly research into the australian mining services, mineral processing and services sector. This edition covers off on a number of developments in the sector including acquisitions undertaken by Southern Cross Electrical and NRW Holdings Limited
'United Kingdom Commercial Radio: Q2 2008' by Grant GoddardGrant Goddard
34-page presentation of historical numerical data for the United Kingdom commercial radio industry in Q2 2008 including revenues, advertisers, listening, radio receiver sales and household penetration, written by Grant Goddard for Enders Analysis in September 2008.
LCC Asia Pacific Corporate Finance Market Update 404 - 24 May 2021Nicholas Assef
edition 404 of LCC Asia Pacific's market update on the Australian Mining Services and Engineering Sectors - which includes detailed information on ASX companies in the sector's trading performance over the last week
edition 386 of lcc asia pacific's long standing weekly research into the australian mining services, mineral processing and services sector. This edition covers off on a number of developments in the sector including acquisitions undertaken by Southern Cross Electrical and NRW Holdings Limited
'United Kingdom Commercial Radio: Q2 2008' by Grant GoddardGrant Goddard
34-page presentation of historical numerical data for the United Kingdom commercial radio industry in Q2 2008 including revenues, advertisers, listening, radio receiver sales and household penetration, written by Grant Goddard for Enders Analysis in September 2008.
Lincoln Crowne & Company weekly market update on the Engineering & Resource Services Sectors for the week ended 20th December 2013
Subsequent to this report Australian companies continued to provide earnings guidance to the market with both BLY and SWK providing guidance on the morning of 23rd December. As with TSE, BLY has lower rig utilisation than earlier in the year - contributing to performance.
Oilfield services operators face severe challenges. In order to ensure viability, executives and trusted advisors must assess their current situation and act decisively.
'United Kingdom Commercial Radio: Q4 2007' by Grant GoddardGrant Goddard
28-page presentation of historical numerical data for the United Kingdom commercial radio industry in Q4 2007 including revenues, advertisers, listening, radio receiver sales and household penetration, written by Grant Goddard for Enders Analysis in March 2008.
'UK Commercial Radio In Numbers: Q2 2009' by Grant GoddardGrant Goddard
Detailed analysis of sector performance data to Q2 2009 for the UK commercial radio broadcasting industry, including revenue and audience ratings trends, written by Grant Goddard in October 2009.
Edition 404 of the LCC Weekly update report - covering developments in the Australian Engineering, Mining Services, Infrastructure Services and Technical Services Sectors
Edition 332 of the long running weekly report by award winning boutique investment banking firm LCC Asia Pacific
This report covers both corporate developments and merger & acquisition activity in sector across Australia
Welcome to the latest edition of our Weekly Engineering Market Research Update – Edition 501. This document aims to provide a comprehensive overview of the current trends, developments, and opportunities in the engineering industry. Our team of expert analysts has gathered valuable data and insights to keep you informed and empower you to make well-informed decisions in this rapidly evolving market.
Market Trends:
China’s dominance as an economic powerhouse continues to be reinforced by the slide in commodity prices as a result of slower than expected economic advancements still as a result of the post covid pandemic world.
In the past week, several noteworthy trends have emerged in the engineering sector. One significant trend is the increasing adoption of sustainable engineering practices. As environmental concerns continue to grow, companies are prioritizing eco-friendly solutions, such as renewable energy projects, green infrastructure, and circular economy initiatives. This presents an array of opportunities for businesses specializing in sustainable engineering services and products.
Another prominent trend is the integration of artificial intelligence and machine learning in engineering processes. From design optimization to predictive maintenance, AI is revolutionizing the way engineers approach complex challenges. Companies investing in AI technologies gain a competitive edge, streamlining operations, and enhancing productivity.
Opportunities and Challenges:
The current market landscape offers promising opportunities, particularly in the fields of urban development, smart infrastructure, and digital transformation. Additionally, government initiatives and increased funding for infrastructure projects are stimulating growth in the engineering sector.
However, it is essential to address the challenges too. Supply chain disruptions, skilled labor shortages, and fluctuating raw material prices pose potential hurdles for companies. Strategic planning and adaptability are crucial to navigate these uncertainties successfully.
Lincoln Crowne & Company weekly market update on the Engineering & Resource Services Sectors for the week ended 20th December 2013
Subsequent to this report Australian companies continued to provide earnings guidance to the market with both BLY and SWK providing guidance on the morning of 23rd December. As with TSE, BLY has lower rig utilisation than earlier in the year - contributing to performance.
Oilfield services operators face severe challenges. In order to ensure viability, executives and trusted advisors must assess their current situation and act decisively.
'United Kingdom Commercial Radio: Q4 2007' by Grant GoddardGrant Goddard
28-page presentation of historical numerical data for the United Kingdom commercial radio industry in Q4 2007 including revenues, advertisers, listening, radio receiver sales and household penetration, written by Grant Goddard for Enders Analysis in March 2008.
'UK Commercial Radio In Numbers: Q2 2009' by Grant GoddardGrant Goddard
Detailed analysis of sector performance data to Q2 2009 for the UK commercial radio broadcasting industry, including revenue and audience ratings trends, written by Grant Goddard in October 2009.
Edition 404 of the LCC Weekly update report - covering developments in the Australian Engineering, Mining Services, Infrastructure Services and Technical Services Sectors
Edition 332 of the long running weekly report by award winning boutique investment banking firm LCC Asia Pacific
This report covers both corporate developments and merger & acquisition activity in sector across Australia
Welcome to the latest edition of our Weekly Engineering Market Research Update – Edition 501. This document aims to provide a comprehensive overview of the current trends, developments, and opportunities in the engineering industry. Our team of expert analysts has gathered valuable data and insights to keep you informed and empower you to make well-informed decisions in this rapidly evolving market.
Market Trends:
China’s dominance as an economic powerhouse continues to be reinforced by the slide in commodity prices as a result of slower than expected economic advancements still as a result of the post covid pandemic world.
In the past week, several noteworthy trends have emerged in the engineering sector. One significant trend is the increasing adoption of sustainable engineering practices. As environmental concerns continue to grow, companies are prioritizing eco-friendly solutions, such as renewable energy projects, green infrastructure, and circular economy initiatives. This presents an array of opportunities for businesses specializing in sustainable engineering services and products.
Another prominent trend is the integration of artificial intelligence and machine learning in engineering processes. From design optimization to predictive maintenance, AI is revolutionizing the way engineers approach complex challenges. Companies investing in AI technologies gain a competitive edge, streamlining operations, and enhancing productivity.
Opportunities and Challenges:
The current market landscape offers promising opportunities, particularly in the fields of urban development, smart infrastructure, and digital transformation. Additionally, government initiatives and increased funding for infrastructure projects are stimulating growth in the engineering sector.
However, it is essential to address the challenges too. Supply chain disruptions, skilled labor shortages, and fluctuating raw material prices pose potential hurdles for companies. Strategic planning and adaptability are crucial to navigate these uncertainties successfully.
Welcome to the latest edition of our Weekly Engineering Market Research Update – Edition 500. This document aims to provide a comprehensive overview of the current trends, developments, and opportunities in the engineering industry. Our team of expert analysts has gathered valuable data and insights to keep you informed and empower you to make well-informed decisions in this rapidly evolving market.
Market Trends:
China’s dominance as an economic powerhouse continues to be reinforced by the slide in commodity prices as a result of slower than expected economic advancements still as a result of the post covid pandemic world.
In the past week, several noteworthy trends have emerged in the engineering sector. One significant trend is the increasing adoption of sustainable engineering practices. As environmental concerns continue to grow, companies are prioritizing eco-friendly solutions, such as renewable energy projects, green infrastructure, and circular economy initiatives. This presents an array of opportunities for businesses specializing in sustainable engineering services and products.
Another prominent trend is the integration of artificial intelligence and machine learning in engineering processes. From design optimization to predictive maintenance, AI is revolutionizing the way engineers approach complex challenges. Companies investing in AI technologies gain a competitive edge, streamlining operations, and enhancing productivity.
Opportunities and Challenges:
The current market landscape offers promising opportunities, particularly in the fields of urban development, smart infrastructure, and digital transformation. Additionally, government initiatives and increased funding for infrastructure projects are stimulating growth in the engineering sector.
However, it is essential to address the challenges too. Supply chain disruptions, skilled labor shortages, and fluctuating raw material prices pose potential hurdles for companies. Strategic planning and adaptability are crucial to navigate these uncertainties successfully.
Welcome to the latest edition of our Weekly Engineering Market Research Update – Edition 504. This document aims to provide a comprehensive overview of the current trends, developments, and opportunities in the engineering industry. Our team of expert analysts has gathered valuable data and insights to keep you informed and empower you to make well-informed decisions in this rapidly evolving market.
Market Trends:
China’s dominance as an economic powerhouse continues to be reinforced by the slide in commodity prices as a result of slower than expected economic advancements still as a result of the post covid pandemic world.
In the past week, several noteworthy trends have emerged in the engineering sector. One significant trend is the increasing adoption of sustainable engineering practices. As environmental concerns continue to grow, companies are prioritizing eco-friendly solutions, such as renewable energy projects, green infrastructure, and circular economy initiatives. This presents an array of opportunities for businesses specializing in sustainable engineering services and products.
Another prominent trend is the integration of artificial intelligence and machine learning in engineering processes. From design optimization to predictive maintenance, AI is revolutionizing the way engineers approach complex challenges. Companies investing in AI technologies gain a competitive edge, streamlining operations, and enhancing productivity.
Opportunities and Challenges:
The current market landscape offers promising opportunities, particularly in the fields of urban development, smart infrastructure, and digital transformation. Additionally, government initiatives and increased funding for infrastructure projects are stimulating growth in the engineering sector.
However, it is essential to address the challenges too. Supply chain disruptions, skilled labor shortages, and fluctuating raw material prices pose potential hurdles for companies. Strategic planning and adaptability are crucial to navigate these uncertainties successfully.
LCC Asia Pacific Corporate Finance edition 352 of developments in the Australian Engineering, Mining Services & Contracting Sector. Despite ongoing volatility it was pleasing to see a number of Australian companies announce contract award wins over the week - including Worley, MacMahon & GR Engineering
lcc asia pacific corporate advisory update number 294 of the engineering, construction and mining services weekly - providing information on the developments in the Australian market
Boutique corporate finance and strategic advisory firm LCC Asia Pacific today released its latest update on developments in the Australian engineering, contracting and mining services sector.
This long running weekly report, commenced in 2011, provides information on developments specific to industries including Engineering, Mining Services, Oil & Gas Services, Oilfield Services and Infrastructure Services.
For subscription request to the full report each week contact us at research@lccapac.com
LCC Asia Pacific produces a weekly report on the Australian public companies that operate in the Engineering, General Services, Oil & Gas Fields Services, Facilities Management, Construction, Contracting and Mining Services Sectors.
Each week the LCC Asia Pacific market update covers off on Merger & Acquisition Activity, changes to stock trading prices, general corporate activity and indicative valuations
The report also details both key Australian Stock Exchange announcements that are made in relation to contractual wins or key developments as well as outlining strategic activity that has taken place in the Sector
In addition to public domain, this report is uploaded weekly to a variety of international investment banking platforms, including Bloomberg, Thomson Reuters Eikon, S & P and FACTSET
LCC Asia Pacific has specific expertise in these Sectors built up over many years, and the weekly Engineering, Services, Contracting & Services market update uploaded here is Edition 226
This edition also notes that LCC’s Nicholas Assef will be speaking at the Mining Investment China Conference in Shanghai on 23rd & 24th of October this year on the topic of China’s Belt & Road Initiative and areas where companies can develop strategies to capitalise on this exciting initiative. More on the conference can be learned at www.mininginvestmentchina.com
LCC Asia Pacific also provides a number of other public resources, including the Twitter Feed @MergerNews (www.twitter.com/MergerNews) which tracks all Merger & Acquisition announcements made on the Australian Stock Exchange and the Twitter Feed @ChinaBeltRoad (www.twitter.com/ChinaBeltRoad) which tracks relevant news stories and research reports relating to China’s “One Belt, One Road” initiative where LCC Asia Pacific is building out a strategic advisory practice to assist companies in becoming involved with BRI
LCC Asia Pacific produces a weekly report on the Australian public companies that operate in the Engineering, Services and Mining Services Sectors.
Each week the LCC Asia Pacific weekly report covers off on changes to stock trading prices, activity on those stocks and indicative valuations
The report also details both key announcements that are made in relation to contractual wins or key developments as well as outlining Merger & Acquisition activity that has taken place in the Sector
LCC Asia Pacific has specific expertise in these Sectors built up over many years, and the weekly Engineering, Services & Mining Services report published here is edition 206
Lincoln Crowne & Company report on developments in the Australian Engineering & Contracting space for the week ended 11th October 2013.
Merger activity continues to bubble along with domestic deals being done by Mancala and Wood Group Wagners (both being executed by offshore parties), in addition to listed Cardno continuing its M & A activity looking to acquire US based Haynes Whaley Associates
Introduction:
Welcome to the latest edition of our Weekly Engineering Market Research Update – Edition 505. This document aims to provide a comprehensive overview of the current trends, developments, and opportunities in the engineering industry. Our team of expert analysts has gathered valuable data and insights to keep you informed and empower you to make well-informed decisions in this rapidly evolving market.
Market Trends:
In Australia the challenges of energy transition from coal to renewable energy continue to be displayed – with the aging fleet of coal fired generators expected to have their lives extended due to the slow uptake in the renewable energy sector transition.
China’s dominance as an economic powerhouse continues to be reinforced by the slide in commodity prices as a result of slower than expected economic advancements still as a result of the post covid pandemic world.
Opportunities and Challenges:
The current market landscape offers promising opportunities, particularly in the fields of urban development, smart infrastructure, and digital transformation. Additionally, government initiatives and increased funding for infrastructure projects are stimulating growth in the engineering sector.
However, it is essential to address the challenges too. Supply chain disruptions, skilled labor shortages, and fluctuating raw material prices pose potential hurdles for companies. Strategic planning and adaptability are crucial to navigate these uncertainties successfully.
Conclusion:
Busy time with macro factors weighing on the AUD and the economy. All eyes continue to focus on China’s speed to recovery / stimulus which has a major potential impact on the strengthening of AUD v USD
Edition 443 of LCC Asia Pacific's weekly update on developments in the Australian market for engineering, contracting and services companies. Issues with supply chain continue and Nicholas Assef - LCC's Founder & Principal - expects will get worse with the ongoing lockdowns in Shanghai that might spread to Beijing.
This is having an ongoing dislocation impact on the export of materials and goods which will likely continue for many weeks given the security being applied to the situation by Chinese authorities in an attempt to isolate the COVID 19 virus outbreak.
Edition 517 of LCC Asia Pacific's weekly research report released - providing an overview of public company data and de4velopments in the Australian sector. This week's news items include Perenti, NRW Holdings and Incetec Pivot news developments
LCC Asia Pacific is a specialist advisory firm that has ben publishing this report continuously over an 11 year period.
Blair Sergeant is extremely excited to have been recently engaged by Bowen Coking Coal Limited (ASX: BCB) – with some great coking coal assets in the world-renowned Bowen Basin in QLD, Australia and thus far, some drilling results and analysis demonstrating seriously good quality coal. It’s worth a close look and place on your watchlist.
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Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
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The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
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Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Australian Engineering & Mining Services M & A Activity
1. ASX200 INDEX
Australia Week Ending
28 May 2021
Date Published
31 May 2021
Edition
405
Australian Engineering, Contractors & METS Providers
Market Performance – Edition 405 – US Infrastructure Led Budget Looking to Australian Commodities
M&A Rumour, Industry News and Private Activity
LCC Australian Contractors Index®
WWW.LCCASIAPACIFIC.COM
WINNER:
BOUTIQUE
INVESTMENT
BANKING FIRM
OF THE YEAR
LCC Asia Pacific Insights | Australian Engineering, Contractors & Services Report Page 1
Sources: Thomson Reuters Eikon, LCC Research, AFR
S&P/ASX200 jumped 2.1% last week reaching a new record high following a 1.2% increase on Friday. Major banks led the gains
with diversified miners closing the week higher as a rise in base metals offset a fall in iron ore prices. Mining and energy stocks rose
sharply on Friday amid speculation that US President Joe Biden is planning an infrastructure friendly A$7.7 trillion budget.
Index
Percentage change
Fixed income Yield
Change in basis point
Week YTD 12-months Week YTD 12-months
(Australia) S&P / ASX200 2.1% 9.0% 22.7% (Australia) 2-year gov bonds 0.07% (0.01) (0.00) (0.20)
(Japan) Topix 2.2% 7.9% 23.5% (Australia) 5-year gov bonds 0.82% (0.01) 0.49 0.42
(Singapore) FTSE Strait Times Index 1.9% 11.8% 26.4% (Australia) 10-year gov bonds 1.63% (0.04) 0.66 0.75
(Hong Kong) Hang Seng 2.3% 7.0% 25.9%
(South Korea) Kospi 200 0.9% 9.4% 58.8% Rate Week YTD 12-months
(US) S&P 500 1.2% 11.9% 38.8% AUD to USD 0.7713 (0.2%) 0.1% 16.2%
(US) Dow Jones Industrial 0.6% 1.3% 6.3%
(UK) FTSE 100 0.1% 8.7% 12.9%
(100%)
0%
100%
200%
300%
400%
500%
600%
700%
800%
2013
2014
2015
2016
2017
2018
2019
2020
2021
LCCASCPI ASX200
The LCC Australian Contractors & Service Providers Index continues to perform strongly against other sectors and the ASX 200
Index and is detailed below left.
LCC Australian
Contractors &
Service Providers
Index®
CIMIC (CIM.AX) announced an off market takeover bid for the remaining shares in Devine
(DVN.AX) for $0.24 per share. CIMIC currently holds 59.11% of Devine share on issue. The
bid represents a 100% premium to DVN’s last close price and a total outlay of ~A$15.6m.
Minority shareholders in DVN have pushed ASIC to investigate how management ran the
company amid allegations that CIMIC was forcing losses to keep share price low and boost
income in core CIM construction businesses.
Engenco (EGN.AX) announced that it executed an agreement to acquire all of the shares of
Eureka 4WD for a consideration of A$4.5m. The acquisition price for Eureka represents a
an FY20 EBITDA multiple of 2.6x and is expected to be EPS accretive for Engenco. EGN
management cited their motivation for the acquisition was to strengthen their existing
registered training organisation and expand Eureka’s services in Western Australia.
Other key pieces of news from the Australian Engineering and Mining sectors:
• ALS (ALQ.AX) have increased their capacity to test samples of commodities by 15% as a
reaction to a substantial increase in mining activity. The company has received an
increase of 19% in copper and gold samples to test.
• MaxMine, a mining data management solution, has sold a quarter of their business to
Viburnum Funds for an undisclosed amount. Viburnum are seeking to expand data
analytics in the Australian mining sector.
• The Department of Industry, Science, Energy and Resources have announced they will
work with Australian METS companies to conduct a Patent Accessibility Review to
improve the IP system in Australia.
• The Western Australian Government has provided A$1.5m for the states METS
companies that are advancing net zero emissions mining projects.
4000
4500
5000
5500
6000
6500
7000
7500
'15 '16 '17 '18 '19 '20 '21
2. Sources: Thomson Reuters Eikon, Company Announcements, LCC research
News Headlines and Key Sector Developments
WWW.LCCASIAPACIFIC.COM
LCC Asia Pacific Insights | Australian Engineering, Contractors & Services Report
WINNER:
BOUTIQUE
INVESTMENT
BANKING FIRM
OF THE YEAR
We are driven to improve our technical knowledge of the Resource
Services, Oilfield Services, Electrical Services, Infrastructure Services,
Engineering and Resources Sectors, and seek to be an active member
within key industry peak bodies.
Not only does this strategy reinforce our fundamental enjoyment and
drive to better service clients within these Sectors, but it allows us to
continually build deep operational and business knowledge of both
broad and niche industries.
This differentiates LCC from other Advisory Firms as we deliver much
more to the Client Leadership Team and Board of Directors than
“commoditised” transactional experience and “general advice”
LCC’s Sector Association Involvement
Page 2
Ticker News/ Event Ticker News/ Event
CIM
CIMIC have announced a Takeover Bid of Devine
Limited for A$0.24 per share
VRS
Veris has appointed David Murray as a Non-Executive
Director
CIM
CIMIC’s contractor UGL selected for M6 Motorway
which will generate revenue of ~A$1.95bn
ALQ
ALS announced results and a distribution of A$0.146 per
share
CVL
Civmec announced strong results and expansion of
Port Hedland Project in WA
BLY
Boart Longyear presented their CEO review of the company’s
activities
EGN
Engenco acquired Eureka 4WD for a total
consideration of A$4.5m
MSV
Presented a 1H21 results overview which triggered a
positive share price reaction of 10.5%
FWD
Fleetwood is undertaking an employee share buy-
back scheme. The consideration to be paid will be
approximately A$1.68m
PPK
Change of directors interest in Li-s Energy. PPK Directors
committed $1.25m off market for their total interest in the
subsidiary
Offshore & Oilfield Oil & Gas Services News – Australia & Abroad
• Civmec limited (CVL.AX) delivered strong Q3 financial results delivering 92.6% revenue improvement over the 2020 Q3 and
bottom line improvement of 121.9%. The company also announced they will establish a permeant Civmec owned and operated
facility in Port Hedland in the Pilbara region.
• ALS (ALQ.AX) delivered their FY21 financial results which included a revenue fall of 5.0% from FY20 due to the impact of the
pandemic. However, ALS highlighted an EBITDA margin expansion across all three divisions demonstrating strong cost
management and a recovery in sample volumes in H2 FY21.
• Boart Longyear presented their CEO review and 2020 results at their AGM. Notable results include a decline in revenue of 11%
compared with the previous year and a high Net Debt/EBITDA ratio of 10.4x
Mining, Equipment, Technology & Services Sector (METS) Updates
• Australian energy major Woodside announced plans to bring 50MW of solar energy to Pluto LNG facility for Western Australia’s
Burrup Peninsula green energy push. The proposed project would comprise of more than 210,000 solar panels, making it the
largest solar project in Western Australia.
• Engineering and maintenance services specialist Sparrows Group has secured a contract with Chevron for work on the Gorgon
and Wheatstone natural gas facilities in Australia. Sparrows will conduct inspection and maintenance services for cranes and
lifting equipment.
• Australian mineral exploration company WA Kaolin has signed a 15-year contract for the supply of LNG for it Wickepin Kaolin
project. The contract is valued at circa A$22m over the full period.
3. LCC Australian Contractors & Service Providers Index®
(LCCACSPI)
WWW.LCCASIAPACIFIC.COM
The LCCACSPI Index is starting to show that “V”
shape recovery, with the iron ore price actually
driving value past pre-covid levels.
Market Data Since 2011 Rolling 1 Year Market Data
Market Data Since 2011 Rolling 1 Year Market Data
LCC index is continuing to strongly outperform vs
the ASX200, despite the continued uncertainty over
the economic environment.
All sectors changing track onto a positive path
again, with risks of second wave and stagnant
growth seemingly decreasing.
Mining Services continues to outperform many
other sectors, the industry seemingly weathering
the second wave of global virus outbreaks, and
negative global economic sentiment.
WINNER:
BOUTIQUE
INVESTMENT
BANKING FIRM
OF THE YEAR
LCC Asia Pacific Insights | Australian Engineering, Contractors & Services Report Sources: Thomson Reuters Eikon, LCC Research Page 3
(10%)
0%
10%
20%
30%
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70%
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90%
100%
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
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Jan-21
Feb-21
Mar-21
Apr-21
LCCASCPI ASX200
(100%)
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600%
700%
800%
LCCASCPI ASX200
(50%)
0%
50%
100%
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May-20
Jun-20
Jul-20
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Apr-21
LCCASCPI Engineering Services
Mining Services Others
(200%)
0%
200%
400%
600%
800%
1,000%
LCCACSPI Engineering Services
Mining Services Others