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November 2011
Stocks to watch at close on Tuesday
AngloGold Ashanti, Austar Communications, BHP Billiton, VDM Group, Brickworks, Campbell Brothers, Harvey Norman Holdings, Premier Investments, UGL
- Updated
VDM Group wins BHP contracts worth $30m
Struggling mining services and contracting company VDM Group has won two contracts with BHP Billiton worth a total of $30.6 million.
- Updated
- Trevor Hoey
June 2011
Companies briefs
Rio Tinto has appointed its global head of exploration, Eric Finlayson, as the new chief executive of Riversdale Mining.
February 2011
Size is strength but there are exceptions
The notion that size is strength was well supported during the reporting period, with a greater number of small industrial companies missing earnings predictions.
- Updated
- Brendon Lau
December 2010
Hartleys slashes VDM’s price target
As the mining services sector kicked back into gear, analysts at Hartleys identified VDM Group as a company that should not only benefit from the rebound, but represented good value on a forward earnings estimate basis.
- TREVOR HOEY
August 2010
VDM resumes dividends
VDM Group earned net profit of $16.77 million in the year ended June 30 compared with a net loss of $105.97 million for the previous year.
Mining services in for a tough time
There are several signs pointing to tough conditions for mining services companies over the next 12 months.
- Updated
- Trevor Hoey
July 2010
Expectations are exceeding fundamentals
The reporting season is just about here and this will keep investors on tenterhooks with worries that earnings expectations have run ahead of fundamentals.
- Updated
- Brendon Lau
Shot in the arm for Biota
Shares in the anti-influenza drug developer Biota Holdings have staged a rebound now that the bad news regarding the drop in royalty payments is out of the way.
- Updated
- Brendon Lau
VDM Group one of Hartley’s top picks
With some equilibrium being restored following the revamping of the Resources Super Profits Tax, analysts at Hartleys have run the ruler over engineering and construction companies that are exposed to the mining sector.
- Trevor Hoey
June 2010
- Opinion
Reporting season wrap - engineering, construction and mining services
The recovery among engineering, construction and mining services companies is at a delicate stage, with projects in the pipeline but not much money coming through.
- Updated
- Trevor Hoey
January 2010
Brief: VDM Group
VDM Group expects earnings before interest, tax, depreciation and amortisation for the December half to be more than $17 million and net profit after tax $5 million.
October 2009
September 2009
Briefs
TFS raises $28m Sandalwood grower and processor TFS Corp has made an institutional placement of 28 million shares at $1 a share raising $28 million to reduce net debt and for growth opportunities
- Carrie LaFrenz, Simon Evans
August 2009
So far so good as minnows report
It's early days yet, but it almost seems like small-cap companies can do no wrong this reporting season
- Brendon Lau
Macquarie Leisure in high demand
Macquarie Leisure Trust Group (MLE) Strong demand for its shares prompted Macquarie Leisure Trust Group to increase the size of its security purchase plan from $18 million to $25 million last week
- David Ciampa and Peter Wells
June 2009
VDM cancels payout to save cash
Engineering services provider VDM Group may sell property to pay down debt and aims to resume paying dividends next fiscal year as the value of orders from key clients for civil and mining projects recovers
- Jeffrey Hutton
VDM Group (VMG)
Investors have sold down shares in engineering contractor VDM Group since the company announced it would not pay its second-half dividend for fiscal 2009
- David Ciampa
More bad news costs VDM dearly
VDM Group (VMG) Shares in the engineering and construction services company plunged 12 per cent on Monday after it unveiled its second profit warning since the start of the year
- Brendon Lau
May 2009
VDM Group (VMG)
VDM's share price has been hammered since it released an extremely disappointing interim result for 2008-09
- Trevor Hoey