June 25. 2005:New create by mental act and layout finished and uploaded to OSWD. Since it is my first contribution to this place it has been given the title "andreas01".
Construction companies undergo powered ahead typically generating profits ahead of forecasts and so supporting prices. Today’s new highs were littered with construction related shares.
One analyst from Imara SP Reid has the forward PE on Aveng dropping from a trailing 18,7 times to 13,4 times and Murray and Roberts from 27,5 times to 19,3 times. Naturally as earnings go in stronger than the general forecasts then valuations appear more attractive helping to push up prices change surface more.
WBHO drops from close to a 22 times PE to 14,5 times. These companies are benefiting from large government pay on big projects but also increase in spending by mines.
Ceramic Industries produced annual results to the end of July. These furnish some indication of the strength of the domiciliate building and improvement merchandise. This company’s 2 main sales categories are tiles and sanitary ware. Sales of cover increased 21% but sanitary drop up a massive 57% albeit it a much smaller locate.
Margins came under some pressure however and the sales increase of 26,7% only translated into operating acquire up 13,1% to just shy of R400m. Headline EPS increased15,7% to 1250c per overlap.
The dividend was raised 25,9% to 340c. The one aspect about this company is that its shares in issue have actually declined slightly from 18,2m to its current 17,28m shares in air.
The overlap price remained unchanged at 17399c. It’s a tightly held share
Cashbuild came out with a trading update today saying that it expects its advertise earnings per share to increase some 40% to 46% based on 53 trading weeks against 52. Stripping out the 53rd week this drops to 30% to 36% so still not bad. These shares ended flat at R64.
Murray and Roberts up a advance 3,99% to 8950c now with a merchandise cap of R29,7 billion.
Esor up 6c to 660c. This has been an excellent new listing coming onto the market at just below 200c in walk 2006. The market is expecting excellent results as its trading on a trailing PE of 29 times. At the beginning of the month it issued a trading modify saying that interim period to August should see earnings up between 21c and 25c compared to 8,4c for prior six month period.
Allowed XHTML tags: <p ul ol li dl dt dd communicate blockquote ins del span bdo br em strong dfn code samp kdb var have in mind abbr acronym q sub sup tt i b big small>
Forex Groups - Tips on Trading
Related article:
http://blog.sharenet.co.za/index.php/der/2007/09/11/construction_companies_making_new_highs
comments | Add comment | Report as Spam
|