A brief mention of Neptune in the West Australian. As we already...

A brief mention of Neptune in the West Australian. As we already know, Patersons is pretty keen on the mining services industry....

Apr 15, 2008 (The West Australian - ABIX via COMTEX News Network)

A 40% yield from Australia's listed mining services companies is expected over the next year. The median total return for the sector over the next 12 months was forecast by Patersons Securities. The broker is predicting average earnings per share growth of 32%, with Forge Group expected to outperform with 58.6%. Neptune Marine Services and Coote Industrial are both expected to generate returns of more than 55%, while lower returns of 15.6% and 12.8% are anticipated for Monadelphous and Macmahon. Patersons stated mining services shares have been sold off along with the broader market, despite a strong outlook for the sector.

Publication Date: 16 April 2008