Results Wrap | Reporting season blog

Live blog | Welcome to the Financial Review reporting season blog. Companies that are due to report today include: ■ Qantas ■ Adelaide Brighton ■ iSelect ■ Nine Entertainment.

• Updated Aug 29, 2014

• Construction

Austin Engineering (ANG)

Shaw Stockbroking has a ‘hold’ recommendation on Austin Engineering adding it is ‘high’ risk and its price target is under review.

• Updated May 23, 2014
• Elise Shaw

• Market Wrap

Bradken (BKN)

Deutsche Bank has a “hold” rating on mining services company Bradken and a 12-month target price of $6 a share.

• Updated Dec 20, 2013
• Sineva Toevai

• Investment banking

Bradken makes bid to buy Austin Engineering

Mining services company Bradken, which currently owns 21.5 per cent of Austin Engineering, said it has made a non-binding proposal to acquire all the shares it doesn’t already own.

• Updated Dec 18, 2013
• Will Willitts

• Construction

Austin widens its base with Servigrut takeover

The acquisition of Antofagasta-based Servigrut represents an important development for Austin Engineering. The bulk of Servigrut’s income will be recognised in the second half of 2013-14, continuing the company’s current theme of a heavy bias of earnings weighted towards the second half of the financial year.

• Updated Oct 7, 2013
• Trevor Hoey

Austin Engineering still a ‘buy”

Analysts at Bell Potter recently slashed the 12-month share price target of Austin Engineering from $5.65 to $4.65. However, the broker maintained its “buy” recommendation given that the company is trading at a significant discount to the target price.

• Updated Jun 27, 2013
• Trevor Hoey

• Construction

Austin bucks trend in struggling mining services sector

The company expects to increase revenues, profits and dividends in 2012-13 despite volatility in the mining services sector.

• Dec 11, 2012
• Trevor Hoey

• Construction

Austin Engineering (ANG)

Commonwealth Bank has maintained its “buy” rating on Austin Engineering, saying that the company is on the right track after reporting a solid first-half result.

• Updated Mar 16, 2012
• Bianca Hartge-Hazelman

• Construction

Austin Engineering will outperform: Bell Potter

It has been an impressive fortnight for Austin Engineering, featuring robust orders, an acquisition and an upbeat management update.

• Nov 28, 2011
• Trevor Hoey

• Construction

Austin flexes its muscles in South America

Austin has been awarded a contract to the value of $US10.5 million to supply 52 high-performance dump truck bodies.

• Nov 14, 2011
• Trevor Hoey

Into the brave new world

News concerning the health of the US and European economies see-saws daily, but for many companies, the message is clear. Emerging markets is where the growth is. Increasingly, Australia’s smaller businesses are braving the odds and pushing for expansion into emerging markets, where well-resourced, large cap companies are usually more successful.

• Updated Sep 19, 2011
• Claire Stewart

• Construction

Austin Engineering (ANG)

Shares in Austin Engineering are recovering from market volatility, buoyed by renewed speculation mining services peer Bradken may consider it a takeover target.

• Updated Aug 14, 2011
• Claire Stewart

• Market Wrap

Cashed-up Bradken on acquisition trail

Austin Engineering would be a perfect fit for Bradken, which is looking to expand its operations.

• Jun 2, 2011
• Trevor Hoey

• Market Wrap

Mining equipment providers do well

While the manufacturing industry in Australia has faced many challenges in the last decade, some companies involved in the development, manufacturing and distribution of mining equipment have been very successful.

• Updated Mar 3, 2011
• Trevor Hoey

Austin Engineering

Diversified engineering group Austin Engineering said its expansion strategy is bearing fruit as market conditions improve across the mining services sector.

• Updated Feb 23, 2011