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WDS provides specialist development, design, engineering, construction, fabrication and maintenance related services to the energy, mining and infrastructure sectors.
Company History
Since a management buyout was initiated in April 2005, the company has grown strongly via a number of acquisitions. The most recent acquisition was that of Titeline Energy, a specialist drilling services company servicing the coal seam gas industry in Queensland.
Differentiating Factor
The mining services industry is fragmented and is comprised of a number of small independent operators. Industry participants compete not only on the basis of price, but also on the basis of a company's quality of services, historical operating performance, skill levels and safety record and initiatives. WDS has a competitive advantage in these areas. Substantial growth opportunities to scale the business model to adjacent industries where highly regulated industries provides barriers to entry.
Major Customers & Competitors
WDS has long term relationships with domestic blue chip clients such as BHP Billiton, X strata, Centennial Coal, Santos, and Origin Energy. Its competitors are predominantly Australian based mining services companies.
Financial Summary
Year to Jun
NPAT Rep $M
NPAT1 Adj $M
EPS c
EPS chg %
PER x
PER rel All Ords x
PER rel Sector x
DPS c
Yield %
Franking %
ROE %
2007A
0.0
0.0
0.0
n/a
0.0
0.0
0.0
0.0
0.0
0
n/a
2008A
25.6
25.6
0.0
n/a
0.0
0.0
0.0
0.0
0.0
0
n/a
2009A
20.6
20.6
19.2
n/a
3.1
0.2
0.1
8.3
13.8
100
22.1
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
Sydney Morning Herald 13/03/2010 | THE Australian Competition and Consumer Commission has delayed until late next month the release of the findings of its inquiry into National Australia Bank's friendly $13.3 billion all-cash acquisition of AXA Asia Pacific. The ACCC is seeking further information.
The Age 13/03/2010 | THE Australian Competition and Consumer Commission has delayed releasing the findings of its probe into National Australia Bank's friendly $13.3 billion all-cash acquisition of AXA Asia Pacific until late next month as it seeks further information on the planned deal.
The Age 13/03/2010 | FORMER Australian Idol finalist Lisa Mitchell made the ultimate credibility leap yesterday when she became the youngest musician to win the Australian Music Prize with her dazzling debut album Wonder.
The Age 13/03/2010 | AUSTRALIA'S economic recovery has been so strong that analysts believe Treasurer Wayne Swan may be on track to bring down a budget surplus next year instead of the official forecast of 2015.
Sydney Morning Herald 13/03/2010 | We Australians appear to be turning into a nation of contrarians when it comes to economics and business. Our economy is booming while the rest of the world is in the doldrums. Our interest rates are rising where others are hovering just above zero and our currency is strengthening as other developed nations race to the bottom.
$ 0.600
