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Business Description: Transfield Services Limited (TSE) is an international provider of operations, maintenance, asset management and project management services. It operates in Australia, New Zealand, the United States, the United Arab Emirates, Qatar, South East Asia, India and Canada across diverse industries, including mining and process, hydrocarbons, roads, rail and public transport, water, power, telecommunications, facilities management and defence.
Strategy Analysis: TSE is a market leader in Australia and NZ in outsourced asset maintenance. Its Services business comprises contracts of medium to long term duration across numerous industries such as power, rail, road, oil and gas, minerals, oil refineries, petrochemicals, water utilities and telecommunications. The willingness to establish alliance-style contracts allows the company to extend its skills to new areas. Solid cash flows and balance sheet support a strategy of growth via acquisition.. Many customers are blue-chip and there are solid growth prospects.
Transfield Services reported a net loss of $19.73m for the year ended 30 June 2011, which was a result of several non-recurring items totalling $119.9m relating to the execution of strategic initiatives during the year. Revenues from ordinary activities were $2.76bn, up 5.4% from last year. Basic and Diluted EPS was (4.0) cents compared to 17.1 cents last year. Net operating cash flow was $82.21m compared to $225.04m last year. The final dividend declared was 9 cents, taking the full year dividend to 14 cents compared with 14 cents last year. The company is targeting an absolute growth rate of up to 5% in operational NPAT (pre-amortisation) in FY12. This is based on USD/AUD parity and is subject to no deterioration in economic conditions.
An educational booklet to help you learn the language of residential property financing with an introduction on how the tax system can help improve your cashflow.
The Age 7/02/2012 | ISRAEL'S Foreign Minister was headed for Washington overnight amid signs that the US and its Middle East ally hold diverging views on how best to resolve the standoff over Iran's disputed nuclear program.
Sydney Morning Herald 7/02/2012 | There will be fewer love hearts and boxes of chocolates this Valentine's Day for the short-lived chief executive of Perpetual Limited, Chris Ryan.
Sydney Morning Herald 7/02/2012 | HOTEL owners and operators are preparing for a busy year of openings and renovations as demand increases from domestic travellers.
The Age 6/02/2012 | AUSTRALIA has a reputation for embracing technological developments quickly. We had a record take-up of VHS, DVD and widescreen television, and it is widely claimed that the Land of Oz has more home theatres per head of population than anywhere else in the world.
Sun Herald 5/02/2012 | INVESTORS cheered during the week, perhaps convinced that the latest rearrangement of deckchairs on the good ship euro will do the trick and right the heavily listing vessel.
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