just went through their presentation...here are things i like
1) Utilisation rate has been trending up each month since May 15 ( page 7)
2) They have been able to make up $300m of the $500m in drop of hydrocarbon ( oil) contracts with new non oil sector related contracts...(Page 8)! Also Oil contracts repersent 60% of the new Half 2 contracts they one......vs the 85% they historically have been...(Page 8)
3) they remained cashflow positive despite incurring signficent restructuring costs ( page 19)
4) "Comfortably within debt covenants" ( page 20)
5) "No plans for equity raising" ( page 20)
6) they are holding $410m of physical cash which is up 7% from LY (page 21)
7)They have cut overheads by $120m and are targetting another $180m of overhead custs ( page 24)
This is what they say on Outlook......( page 28)
"While WorleyParsons anticipates trading conditions to remain challenging in the short term, making forecasting difficult, WorleyParsons expects FY2016:
● Aggregated revenue to be flat half on half
● Overhead reductions to support second half underlying earnings
● Underlying earnings biased to second half
● Balance sheet metrics to improve half on half"
i reckon fair enough. I am buying more today![]()
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Last
$14.93 |
Change
-0.300(1.97%) |
Mkt cap ! $7.876B |
Open | High | Low | Value | Volume |
$15.06 | $15.08 | $14.79 | $50.34M | 3.363M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6092 | $14.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.98 | 4999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6092 | 14.930 |
1 | 7145 | 14.910 |
2 | 7212 | 14.900 |
1 | 13241 | 14.890 |
1 | 2865 | 14.880 |
Price($) | Vol. | No. |
---|---|---|
14.980 | 4999 | 2 |
15.020 | 7145 | 1 |
15.030 | 8660 | 3 |
15.040 | 7145 | 1 |
15.060 | 7386 | 2 |
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