SEDGMAN BLAST OFF WITH MORE CONTRACTS

Written on the 14 May 2010

SEDGMAN BLAST OFF WITH MORE CONTRACTS

SEDGMAN Limited (SDM) has signed another $50 million worth of contracts, with managing director Mark Read (pictured) confident about earnings outlook for FY 2010.

The contract will include design and balance of supply work for Riversdale Mining Limited’s (RIV) Benga coal handling and preparation plant (CHPP) in Mozambique, following a $13 million contract signed in December.

Last week Sedgman signed a $50 million deal with Narrabri Coal Operations Limited (NCO).

Read says the latest contracts will give the company a positive outlook for 2011.

“We expect to continue to grow our order book by capitalising on the increasing number of project opportunities both in Australia and abroad,” he says.

“Having achieved market leadership in Australia, we are now winning significant international projects in our targeted regions.”

WHTM Corporate Finance recently upgraded Sedgman’s 12-month target price from $1.80 to $2.10.

SDM shares dropped 0.3 per cent today to $1.67, most likely due to sentiment surrounding the Henry Tax Review and European market jitters.


Latest News

2017 BRISBANE TOP COMPANIES REVEALED

WHILE Queensland is regarded as an economy in transition with the winding down of the mining boom, the 2017 top 50...

2017 BRISBANE TOP COMPANIES 1-10

FROM insurance and banking to travel, gambling, retail, property and pizza, these "heavyweights" have ha...

2017 BRISBANE TOP COMPANIES 11-20

RETAIL, property, an airline, cars, real estate, software services, energy, agriculture, veterinary services bathr...

2017 BRISBANE TOP COMPANIES 21-30

JEWELLERS Michael Hill International listed in 2016 with a half-billion dollar market capitalisation and a new CEO...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter