Other Industrials

Following the sale of the last of Wesfarmers’ insurance business, brokers speculate as to whether the proceeds will be used to fund acquisitions, or shareholder returns, or possibly both.

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. CIMB thinks Downer EDI is being underestimated by the market.

Orica expects its first half will be weak but has resisted changing FY14 guidance, placing pressure on second half expectations.

Cardno has acquired a major oil and gas field service business, its largest to date.

Adelaide Brighton’s loss of a cement supply contract in South Australia has stirred a hornets nest of speculation.

Major shareholder, Hochtief, has announced a bid to acquire more of Leighton and brokers appear uncomfortable with the proposal.

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Transpacific has repaired its balance sheet and brokers suggest re-rating is ahead.

The outlook for Ausdrill remains subdued but brokers were relieved there was not more bad news in the interim result.

Brokers welcomed the strong third quarter and buoyant outlook for James Hardie but there are some misgivings around valuation.

Ship builder Austal pleased brokers with the first half results, especially regarding potential reduction in debt.