Lincoln crowne engineering & mining services 070613
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sole basis for any investment decision or planning, and LCC does not accept any responsibility on this basis for actions made.
WEEKLY
7 June 2013 WWW.LCC.ASIA
Market Cap Open Price Close Price High Low Volume TEV/ TEV/
Ticker (AUD Million) (AUD) (AUD) (AUD) (AUD) % Change Trend EBITDA EBIT
AJL 215 1.40 1.50 1.52 1.35 ▲ 7.1% NM NM
AZG 11 0.00 NM 0.00 0.00 0.0% 2.0 X 3.6 X
ASL 392 1.28 1.26 1.37 1.22 ▼ -3.6% 3.0 X 5.1 X
AAX 266 2.14 2.15 2.32 2.04 ▼ -2.7% 4.1 X 4.8 X
ANG 288 4.38 3.94 4.44 3.94 ▼ -10.9% 5.7 X 6.6 X
BLY 300 0.70 0.66 0.79 0.66 ▼ -6.8% 2.6 X 4.1 X
BKN 745 4.66 4.43 4.83 4.36 ▼ -6.1% 5.1 X 6.7 X
BYL 24 0.29 0.22 0.29 0.21 ▼ -13.9% 1.6 X 2.6 X
BSA 35 0.17 0.16 0.17 0.15 ▼ -8.7% 4.5 X 11.5 X
CDD 724 5.40 5.04 5.55 4.97 ▼ -9.0% 6.4 X 7.5 X
CGH 86 0.33 0.28 1.14 1.03 ▼ -6.4% 1.3 X 2.0 X
CLO 809 1.13 1.04 1.14 1.03 ▼ -6.4% 6.8 X 7.0 X
COF 36 0.15 0.14 0.15 0.14 ▼ -3.3% 3.4 X 4.6 X
DCG 257 1.65 1.53 1.68 1.43 ▼ -8.2% 2.5 X 2.7 X
EAL 67 0.61 0.61 0.61 0.57 0.0% 7.7 X 9.6 X
EGN 50 0.17 0.16 0.17 0.16 ▼ -5.9% NM NM
EHL 219 0.41 0.38 0.44 0.37 ▼ -2.5% 2.7 X 5.8 X
FGE 366 4.69 4.25 4.70 4.15 ▼ -5.2% 2.7 X 3.5 X
GCS 77 0.43 0.45 0.47 0.41 ▲ 9.7% 3.4 X 5.1 X
GNG 61 0.43 0.41 0.45 0.41 ▼ -4.2% 3.2 X 3.5 X
HDX 52 0.29 0.29 0.30 0.29 ▼ -5.0% 4.1 X 6.2 X
IMD 166 0.85 0.79 0.88 0.77 ▼ -2.9% 3.3 X 3.8 X
LEI 5504 17.37 16.32 17.97 16.01 ▼ -5.6% 3.2 X 6.5 X
LCM 87 1.22 1.25 1.28 1.20 ▼ -0.3% 4.5 X 4.7 X
LYL 166 4.15 4.25 4.30 4.10 ▲ 2.2% 3.8 X 4.0 X
MLD 322 1.90 1.87 1.90 1.83 ▲ 1.1% 3.4 X 5.1 X
MAH 188 0.18 0.15 0.19 0.15 ▼ -17.5% 1.2 X 2.1 X
MYE 53 0.77 0.70 0.78 0.70 ▼ -4.8% 2.0 X 2.6 X
MND 1464 15.94 16.10 16.74 15.63 ▲ 0.7% 5.7 X 6.5 X
NMS 57 0.03 0.03 0.03 0.03 ▲ 18.5% 57.6 X NM
NFK 72 0.44 0.45 0.45 0.45 ▲ 2.3% NM NM
NWH 301 1.13 1.08 1.19 1.07 ▼ -8.3% 1.6 X 2.0 X
RCR 277 2.25 2.09 2.28 2.05 ▼ -5.9% 3.9 X 5.5 X
RQL 37 0.18 0.15 0.18 0.15 ▼ -9.1% 2.7 X 4.3 X
SND 57 0.68 0.74 0.74 0.68 ▲ 8.0% 6.2 X 6.7 X
SDM Sedgman Limited 118 0.55 0.54 0.57 0.52 ▼ -4.5% 1.0 X 1.5 X
SWL 82 1.05 1.05 1.08 1.04 0.0% 6.5 X 8.2 X
SXE 142 1.02 0.88 1.02 0.88 ▼ -14.3% 4.3 X 5.2 X
STS 23 0.42 0.36 0.42 0.34 ▼ -7.1% 2.2 X 5.2 X
SWK 52 0.30 0.30 0.30 0.29 0.0% 1.8 X 3.4 X
TSE 392 0.92 0.77 0.93 0.76 ▼ -12.6% 4.8 X 9.2 X
UGL 1099 7.10 6.70 7.24 6.64 ▼ -5.5% 8.5 X 11.7 X
VMG 12 0.01 0.01 0.02 0.01 ▼ -6.5% NM NM
WDS 48 0.37 0.33 0.37 0.33 ▼ -8.5% 2.3 X 5.1 X
WOR 4718 20.71 19.12 20.84 19.12 ▼ -6.1% 9.2 X 10.1 X
WTP 108 0.58 0.59 0.61 0.55 ▲ 6.4% NM NM
* Sources: Capital IQ, LCC calculation
Engenco Limited
Emeco Holdings Limited
Forge Group Limited
Global Construction Services Limited
Coffey International Limited
Clough Limited
Cardno Limited
BSA Limited
Brierty Limited
Decmil Group Limited
Austin Engineering Limited
Company Name
AJ Lucas Group Limited
Ausenco Limited
Ausdrill Limited
Hughes Drilling Pty Limited
WDS Limited
E&A Limited
Lycopodium Limited
MACA Limited
MacMahon Holdings Limited
Mastermyne Limited
Resource Equipment Limited
Saunders International Limited
Southern Cross Electrical Engineering
Imdex Limited
Seymour Whyte Limited
Transfield Services Limited
Swick Mining Services Limited
Structural Systems Limited
Watpac Limited
Allmine Group Limited
VDM Group Limited
Leighton Holdings Limited
Logicamms Limited
RCR Tomlinson Limited
NRW Holdings Limited
Norfolk Group Limited
Neptune Marine Services Limited
Monadelphous Group Limited
Bradken Limited
Boart Longyear Limited
GR Engineering Services Limited
Calibre Group Limited
WorleyParsons Limited
UGL Limited
News Headlines and Key Sector Developments
Ticker News/Event Ticker News/Event
EGN Expects full-year earnings from operations in FY13 will be an after-
tax loss of between $12M and $14M (previous guidance was an
after-tax loss of between $10M and $12M)
NFK The Federal Court of Australia ordered the convening of a
meeting of Norfolk shareholders on 17 July 2013 to consider
the proposed scheme under which RCR Tomlinson Ltd will
acquire all of the issued shares in Norfolk
GCS Awarded the principal scaffolding contract for all Woodside Energy
Limited’s North West Shelf Project onshore and offshore locations
SND Expects to announce NPAT for the current financial year of
approximately $5.6M. This represents an approximate 24%
increase over the prior corresponding period (FY2012: $4.5M)
LEI S&P’s Ratings Services affirmed its 'BBB-/A-3' ratings on LEI and
removed them from CreditWatch with negative implications, where
they were placed on 22 March 2013
STS STS advises that the full year result for FY13 is forecast to be in
range of $3.2 to $3.6M NPBT. This equates to second half
earnings of between $0.7 to $1.1M
MAH Advises that its shaft sinking project at the CSA Mine in NSW was
terminated by the client, Cobar Management Pty Ltd. MAH is
currently seeking clarification on the reasons for the termination
*Sources: ASX, Company Release, Capital IQ, Bloomberg
AustralianEngineering&MiningServices