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Business Description: Watpac Limited (WTP) is involved in contracting and property developing businesses. WTP is headquartered in Brisbane with operations supported by offices in Townsville, Adelaide, Melbourne, ACT, Sydney, Darwin and Perth. WTP consists of four business divisions: Civil & Mining, Property, Construction and Specialty Services.
Strategy Analysis: WTP is committed to expanding from a single focus construction company, to extending operations into property development and geographically across the eastern states of Australia. The next phase in the company's evolution is focused on becoming a major eastern seaboard construction and property player. Diversifying across the eastern states is planned to provide natural geographic diversification from individual economic fluctuations. Given that earnings are expected to remain strong due to a number of State government infrastructure projects and the strong demand for resources, emphasis will be placed on risk management strategies. This will effectively manage the risks associated with these complex projects. Policy framework updates, site visitations and management presentations will continue to be part of the risk monitoring process. .
Watpac reported NPAT down 74.17% to $1.26m for the half-year ended 31 December 2012. Revenues from ordinary activities were $943.9m, up 47.59% from last year. Basic and Diluted EPS was 0.69 cents compared to 2.65 cents last year. Net operating cash flow was $105.21m compared to $49.47m last year. No dividend was declared.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
â€śIf you want to have a better performance than the crowd, you must do things differently from the crowd.â€ť Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
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