BKN - Bradken Limited
- Thread starter GreatPig
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Re: BKN - Bradken
so i supose with all thats happening with bkn,trading halt and buying another casting company and now fund raising with shares its still not enough to get people posting on this thread hey.....oohh well....i have invested in this stock because of the close ties to the mining industry and some advice i got from a friend....would be nice to here what other people think about this stock.
so i supose with all thats happening with bkn,trading halt and buying another casting company and now fund raising with shares its still not enough to get people posting on this thread hey.....oohh well....i have invested in this stock because of the close ties to the mining industry and some advice i got from a friend....would be nice to here what other people think about this stock.
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Re: BKN - Bradken
been gradually selling down...still holding some and will top up in the SPP - well worth it...like $1.80 in the money already
been gradually selling down...still holding some and will top up in the SPP - well worth it...like $1.80 in the money already
Re: BKN - Bradken
yer, will be looking to top up on the SPP meself...
this one has run rather hard over the past few weeks, I will be interested to see how BKN holds up if the resource sector continues to weaken - what are others thoughts with regard to this?
yer, will be looking to top up on the SPP meself...
this one has run rather hard over the past few weeks, I will be interested to see how BKN holds up if the resource sector continues to weaken - what are others thoughts with regard to this?
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Re: BKN - Bradken
i read from one of the bkn reports long time ago...its not so much commodity prices that are important for them but volume. The volume ramp up takes time...but its what the BHPs and RIOs have been trying to do for last couple of years and i think they are now just beginning to come through...
i read from one of the bkn reports long time ago...its not so much commodity prices that are important for them but volume. The volume ramp up takes time...but its what the BHPs and RIOs have been trying to do for last couple of years and i think they are now just beginning to come through...
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Re: BKN - Bradken
I hope we know BKN Foundry at Henderson WA has been fined by Worksafe for negligence and unsafe practice with the unfortunate death of a young person on his first day of work,
The amount of fine is $100K
Probably this is a start of a bigger problem for the company even if Henderson a small plant acquired from Downer EDI
I hope we know BKN Foundry at Henderson WA has been fined by Worksafe for negligence and unsafe practice with the unfortunate death of a young person on his first day of work,
The amount of fine is $100K
Probably this is a start of a bigger problem for the company even if Henderson a small plant acquired from Downer EDI
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Re: BKN - Bradken
as sad as it was for that young boy to lose his life...100k wont realy affect a company of that size.....doesnt justify it though...and lets hope they have turned the work place around so there are no more tragic stories like that. :bad:
as sad as it was for that young boy to lose his life...100k wont realy affect a company of that size.....doesnt justify it though...and lets hope they have turned the work place around so there are no more tragic stories like that. :bad:
Re: BKN - Bradken
BKN has been deserted by major holders BTT, UBS & WBC in recent days, driving their price lower, despite reporting record profits. Their outlook may not be that rosey but the sp is at a 12 month low, a 10c dividend is payable soon, and management seems to be taking a sensible approach to capital preservation.
So I'm think that perhaps a venture into BKN is worthwhile at present.
BKN has been deserted by major holders BTT, UBS & WBC in recent days, driving their price lower, despite reporting record profits. Their outlook may not be that rosey but the sp is at a 12 month low, a 10c dividend is payable soon, and management seems to be taking a sensible approach to capital preservation.
So I'm think that perhaps a venture into BKN is worthwhile at present.
michael_selway
Coal & Phosphate, thats it!
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Re: BKN - Bradken
Hi, it appears their Debt is an issue?
Bradken achieves record first half results
Dec 08 Dec 07 Change
NPAT and minorities $34.9m $23.2m Up 51%
EBITDA $90.7m $53.6m Up 69%
EBITDA margin 14.7% 14.9%
Sales Revenue $615.8m $358.8m Up 72%
Earnings per share 28.3 cents 21.9 cents Up 29%
Dividend per share 10.0 cents 15.0 cents Down 33%
LTIFR (Aus, UK, China) 4.3 10.0 Improved 57%
Net Debt at December 2008 of $426 million includes $164 million of net borrowings from the Engineered Products Division. The Company’s gearing remains sound with Net Debt to Net Debt plus Equity improving from 60% to 55% and Net Debt at 2.20 times EBITDA.
Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS 54.2 60.9 54.0 63.9
DPS 37.0 21.0 29.7 30.0
thx
MS
Hi, it appears their Debt is an issue?
Bradken achieves record first half results
Dec 08 Dec 07 Change
NPAT and minorities $34.9m $23.2m Up 51%
EBITDA $90.7m $53.6m Up 69%
EBITDA margin 14.7% 14.9%
Sales Revenue $615.8m $358.8m Up 72%
Earnings per share 28.3 cents 21.9 cents Up 29%
Dividend per share 10.0 cents 15.0 cents Down 33%
LTIFR (Aus, UK, China) 4.3 10.0 Improved 57%
Net Debt at December 2008 of $426 million includes $164 million of net borrowings from the Engineered Products Division. The Company’s gearing remains sound with Net Debt to Net Debt plus Equity improving from 60% to 55% and Net Debt at 2.20 times EBITDA.
Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS 54.2 60.9 54.0 63.9
DPS 37.0 21.0 29.7 30.0
thx
MS
Re: BKN - Bradken
BKN up another 22% today and now a significant 52% over the past 2 days.
Anyone else holding this stock and any conjecture on long this run will last, or is the beginning of a long upward trend?
NB - I continue to hold.
BKN up another 22% today and now a significant 52% over the past 2 days.
Anyone else holding this stock and any conjecture on long this run will last, or is the beginning of a long upward trend?
NB - I continue to hold.
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Re: BKN - Bradken
I am holding only a fraction of holding as I was too nervous (from previous missed opportunities) not to keep them and unloaded in two occassions last two days.
I for a change earned some profit but not good enough to make the total portfolio.
Some thing going too good with BKN and very nicely 22% each day rise without any announcement. Can I be cynical to say it is being managed carefully to avoid flag from ASX system ?
Do not know if the Bradken themselves are doing it or some one else is eyeing on BKN ? We will definitely know it in next week
I am holding only a fraction of holding as I was too nervous (from previous missed opportunities) not to keep them and unloaded in two occassions last two days.
I for a change earned some profit but not good enough to make the total portfolio.
Some thing going too good with BKN and very nicely 22% each day rise without any announcement. Can I be cynical to say it is being managed carefully to avoid flag from ASX system ?
Do not know if the Bradken themselves are doing it or some one else is eyeing on BKN ? We will definitely know it in next week
Re: BKN - Bradken
BKN had the "Please explain" from the asx yesterday and came back with the " I know nothing" line.
Maybe it's just a belated realisation that the SP has been beaten down too savagely. After all, directors have been pretty consistent accumulators for some time now.
Disc: No longer holding.
BKN had the "Please explain" from the asx yesterday and came back with the " I know nothing" line.
Maybe it's just a belated realisation that the SP has been beaten down too savagely. After all, directors have been pretty consistent accumulators for some time now.
Disc: No longer holding.
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Re: BKN - Bradken
They got a speeding ticket yesterday.
Gave the standard answer - "I know nothing"!
Sure looks like something is up though.
They got a speeding ticket yesterday.
Gave the standard answer - "I know nothing"!
Sure looks like something is up though.
michael_selway
Coal & Phosphate, thats it!
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Re: BKN - Bradken
Up a bit more today to as high as $2.70. Looks like the "know nothing" reply to the speeding ticket hasn't deflated the sp rise. Maybe there is something about to unfold though.
Up a bit more today to as high as $2.70. Looks like the "know nothing" reply to the speeding ticket hasn't deflated the sp rise. Maybe there is something about to unfold though.
Re: BKN - Bradken
BKN up to $3.24 closing today on its' high, which is always nice. Up around 130% since Feb 17th when I entered.
Has been a good runner over the past 2 months including the 10c fully franked dividend.
Any ideas on how much further this one could run in the near term?
Still hold though have taken some profit.
BKN up to $3.24 closing today on its' high, which is always nice. Up around 130% since Feb 17th when I entered.
Has been a good runner over the past 2 months including the 10c fully franked dividend.
Any ideas on how much further this one could run in the near term?
Still hold though have taken some profit.
Re: BKN - Bradken
Finally exited all positions in BKN today at $3.30. May go higher in the short term but with 92% net profit in 2 months I'm satisfied with this run.
May re-enter if it retraces below $3.
Wish all forays were as good as this one has been.
Finally exited all positions in BKN today at $3.30. May go higher in the short term but with 92% net profit in 2 months I'm satisfied with this run.
May re-enter if it retraces below $3.
Wish all forays were as good as this one has been.
