BRS - Broadspectrum Limited

[jjbinks]

Re: TSE - Transfield Services

Transfield seems like it would be good value especially if it drops below .90. given earning forecast of .11 per share is still decent even if it is a downgrade and it had good yield.

Am I missing something.

 

[mreversion]

Re: TSE - Transfield Services

Transfield seems like it would be good value especially if it drops below .90. given earning forecast of .11 per share is still decent even if it is a downgrade and it had good yield.

Am I missing something.

Unless Transfield is going bankrupt and the company just lied to the stock market with its update, it's got to be the best valued of all of the services companies right now. At 76.5c it's worth $390m. A current P/E of about 7. What it really needs to do right now is lose about a quarter of its staff and show that it's serious about turning the company around, but even if it just holds on, the market will give it a break soon enough.

 

[skc]

Re: TSE - Transfield Services

Unless Transfield is going bankrupt and the company just lied to the stock market with its update, it's got to be the best valued of all of the services companies right now. At 76.5c it's worth $390m. A current P/E of about 7. What it really needs to do right now is lose about a quarter of its staff and show that it's serious about turning the company around, but even if it just holds on, the market will give it a break soon enough.

NWH update today for NPAT of $73-76m. That's a PE of 3.7x. And it hasn't got massive debt like TSE.

Not saying NWH is a buy - but relatively it's probably better value AND lower risk than TSE.

And it's not really like TSE management was lying. They make forcasts based on certain assumptions and those assumptsion can and do change. Management is often optimistic but the market probably isn't sharing that optimism right now.

 

[jjbinks]

Re: TSE - Transfield Services

well i don't know alot about NRW.

But TSE seems to be better diversified than NRW.

Even though some of TSE sources of business are drying up it has other projects outside the resource area, with >50% of revenue coming from various private and government infrastructure.

In comparison, NRW projects seem to be largely mining related.

Of course, this was only a very brief look at both companies activity. (in fact only glanced through NRW reports to get a rough idea of where revenue was coming from).

 

[skc]

Re: TSE - Transfield Services

well i don't know alot about NRW.

But TSE seems to be better diversified than NRW.

Even though some of TSE sources of business are drying up it has other projects outside the resource area, with >50% of revenue coming from various private and government infrastructure.

In comparison, NRW projects seem to be largely mining related.

Of course, this was only a very brief look at both companies activity. (in fact only glanced through NRW reports to get a rough idea of where revenue was coming from).

Don't forget the balance sheet if you are doing a comparison between the two.

 

[Country Lad]

Re: TSE - Transfield Services

Might be worth a look if you believe in turnaround stories as it does appear they are heading in the right direction.

Not a traditional cup & handle on the chart but it may act like one.

Cheers
Country Lad

 

[piggybank]

Re: TSE - Transfield Services

A nice jump today as a result of the 2014 year result(s) - http://www.stocknessmonster.com/news-item?S=TSE&E=ASX&N=814798

 

[piggybank]

Re: TSE - Transfield Services

And another big jump today of 26%, this time the result was of Spanish giant Ferrovial submitting a non-binding proposal to acquire Transfield Services for $1.95 per share.

More info can be found here:- http://www.stocknessmonster.com/news-item?S=TSE&E=ASX&N=823982

 

[System]

On November 4th, 2015, Transfield Services Limited (TSE) changed its name and ASX code to Broadspectrum Limited (BRS).

 

[System]

On June 28th, 2016, Broadspectrum Limited (BRS) was removed from the ASX's official list following the compulsory acquisition of all of the fully paid ordinary shares in the Company by Ferrovial Services Australia Pty Limited in connection with its off-market takeover bid for all of the issued shares in the Company.