ASX Announcements
June
Buying the dip? Seven trashed ASX stocks fundies are snapping up
Lovisa, Worley and Orora are among the recent laggards that fund managers have been buying at – what they believe – are rare discounts.
- Joshua Peach
May
- Opinion
- Chanticleer
Down markets draw out the year’s biggest share trades
Big block trades are flying this week, which only ramps up the chase for the next big trade.
- Updated
- Anthony Macdonald
April
Worley block trade priced at $14.35 a share; Dar cashes out $1.4b
It’s the biggest block trade since Royal Dutch Shell sold $1.2 billion worth of Woodside Petroleum in 2017 to clean out its position.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Worley’s long-time agitator Dar Group launches $1.4b block trade
It’s the biggest block trade to cross Street Talk’s desk since Vitol sold $714 million worth of Viva Energy shares in September.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
‘Big Short’ hero’s new big idea is one Aussie investors can ride
Famed US investor Steve Eisman says that when things are good, markets trade on stories. But there’s one theme that stands out from the rest.
- James Thomson
February
Worley writes off Ecuador claims as interim net profit rebounds
Worley CEO Chris Ashton says the global engineering group could pursue claims for work done in Ecuador through the South American country’s courts after a $58 million write-down.
- Jenny Wiggins
January
Worley devoting ‘extensive resources’ to corruption allegations
Worley has until February 7 to respond to a US court claim filed by Ecuador that alleges it paid “improper benefits” to state-owned companies.
- Jenny Wiggins
Corruption claims ‘not material’, Worley tells ASX
The global engineering group did not disclose an arbitration decision that found it wilfully ignored the corruption of an Ecuadorian subcontractor.
- Updated
- Jenny Wiggins
Worley CEO fights to restore engineering group’s ‘integrity’
The engineering group’s global boss, Chris Ashton, is holding meetings with investors, analysts and customers to try to assure them the company is “not corrupt”.
- Jenny Wiggins
Worley denies Ecuador corruption allegations, but shares slide
The South American country claims the engineering group “engaged in corruption and bad faith” in securing contracts with its national oil corporation.
- Jenny Wiggins
October 2023
AEMO, CEOs in call-to-arms on clean energy build-out
The nation’s energy market operator will urge developers to exploit all available government schemes to get projects into construction, and get community backing.
- Angela Macdonald-Smith and Mark Ludlow
September 2023
Don’t get ‘left behind’ on renewables investment, engineering CEO says
Countries that don’t emulate the US and provide financial incentives to kick-start renewable energy projects risk missing out on billions of dollars of investment.
- Jenny Wiggins
August 2023
Worley CEO Chris Ashton takes ‘laser-like’ approach to AI
The engineering company has set up a new working group to examine how to incorporate artificial intelligence into its global business.
- Jenny Wiggins
June 2023
Advisian rides the decarbonisation boom
The consulting arm of Worley says the best time to improve sustainability is in the study phase of capital projects.
- Michael Collins
May 2023
Worley in ‘prolonged upcycle’ says CEO Ashton
Worley’s global boss told investors that the engineering group is on track to boost its earnings and profit margins.
- Jenny Wiggins
February 2023
Worley stashes cash for energy transition
Worley has warned investors to expect a new dividend payout ratio because it wants to retain cash to fund its transition to sustainable energy projects and make acquisitions.
- Jenny Wiggins
November 2022
Why this fundie thinks Medibank is a buying opportunity
Martin Currie’s Reece Birtles says Aussie businesses are performing far better than feared and likes the look of Worley, Aurizon and Telstra.
- Emma Rapaport
September 2022
Why engineering salaries are beating inflation
Bosses in the engineering sector have been competing to retain staff, offering wage increases that are above inflation and other pay incentives.
- Jenny Wiggins
August 2022
Ukraine war creates opportunities for Worley
The engineering group is talking to German customers that want to convert LNG back into gas and Ukraine pipeline operators that need to fix infrastructure.
- Updated
- Jenny Wiggins
June 2022
Investors position for rocky markets in new financial year
Fund managers are preparing for sustained inflation and rising interest rates by avoiding consumer-facing stocks and bolstering exposure to resources.
- Alex Gluyas