Australian (ASX) Stock Market Forum

SWL - Seymour Whyte

Once again PB strikes with his "Kiss Of Death". The $1.56, I mentioned in the prior posting turned out to be the top of that run. Then it fell to $1.10 (in Mid November) before rising to today's price of $1.60.

SEYMOUR WHYTE CONTINUES TO STRENGTHEN – HALF YEAR RESULTS AND COMPLETION OF ACQUISITION

HIGHLIGHTS

[*]Acquisition of civil construction and micro-tunnelling utilities specialist Rob Carr Pty Ltd completed.

[*]Increased Net Profit After Tax (NPAT) by 42.1% up to $4.9 million, on prior year comparative.

[*]Increased revenue by 15.3% up to $150.7 million, on prior year comparative.

[*]Strong balance sheet with cash up 12.3% to $53.6 million compared to $47.7 million (FY13).

[*]Interim Dividend of 2.5 cents per share (fully franked) compared to 1.75 cents for the same period last year.

[*]Total Forward Order Book is $224 million as of 31 December 2013 of which $130 million is scheduled for completion in FY14.

[*]Substantial pipeline of opportunities in FY15 and FY16 projecting growth in transport and utilities sectors following new acquisition.

[*]New guidance announced for FY14 NPAT of $10 – 11 million to reflect acquisition.

The rest of the release can be viewed here:- http://stocknessmonster.com/news-item?S=SWL&E=ASX&N=784615

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On October 30th, 2017, Seymour Whyte Limited (SWL) was removed from the ASX's official list in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement under which VINCI Construction Australasia Pty Ltd will acquire all the issued shares in the Company.
 
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