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Business Description: Coffey International Limited (COF) is a specialist professional services consultancy with expertise in geosciences, international development, and project management. COF has offices around the world including Australia & New Zealand, Asia, America, Europe, United Arab Emirates and Africa.
Strategy Analysis: Pre-GFC (Global Financial Crisis), COF pursued a diversification strategy across businesses and geographies, involving numerous bolt-on acquisitions. This backfired horribly for COF, as it had to shed jobs and initiate a restructuring of the business. The company now seems to be taking a more measured approach, aiming to consolidate the existing business and capitalize on its core strengths. The focus is on winning contracts that involve more than one service line.
Coffey International reported NPAT down 20% to $3.7m for the half-year ended 31 December 2012. Revenues from ordinary activities were $359.82m, up 7% from the same period last year. Diluted EPS was 1.5 cents compared to 2.5 cents last year. Net operating cash flow was $13.65m compared to $10.8m last year. No dividend was declared.
The Age 22/05/2013 |
A piece of broker research came out last week that described the budget as a sensible one but an almost suicidal one for a government four months out from an election. Instead of trying to buy votes, it seemed intent instead on putting as many noses out of joint as it possibly could.
The Age 22/05/2013 |
In last week's budget, the government missed what will probably be its last opportunity to make the superannuation system fairer and more sustainable. While the government made some tough decisions, such as reneging on promised tax cuts, one of the fastest-growing expenses is the tax concessions for superannuation.
The Age 22/05/2013 |
Baby, forget the bonus. With tax concessions gone the federal government's budget could also affect your health, writes John Collett.
The Age 22/05/2013 |
Last week's budget was a bit of aho-hum affair on many levels related to superannuation, because most of the changes to the system had been announced back in April. The transfer of the Baby Bonus into an extra (reduced) payment for families eligible for Family Tax Benefit Part A, has drawn the light fairly and squarely on the costs of bearing and raising children. The recent debate about the opposition's Paid Parental Scheme versus the government's less-generous scheme has added fuel to the fire.
The Age 22/05/2013 |
Tradies caught out by the collapse of National Buildplan Group have called for a financial "rescue" package and an investigation into the failure of the company.
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