Other Industrials

A decisive equity raising has saved air conditioning installer Hastie from a near death experience, brokers suggest.

As part of an update on earnings Emeco Holdings has indicated capex spending will increase and brokers see this as a positive for earnings growth in coming years.

Two new Buy ratings today take mining services company Ausdrill four from four Buys in the FNArena database.

A recent placement has cut debt and made acquisitions more likely. With earnings growth set to accelerate beyond FY12 Moelis sees value in Bradken.

While its share price has risen strongly over the past year Imdex continues to offer value and with earnings risk to the upside Moelis rates the stock a Buy.

Bradken surprised the market yesterday with a $162m capital raising and both Credit Suisse and Deutsche Bank have downgraded to Hold ratings on the news.

A site visit by brokers to a UGL rail facility showed some possibilities but also highlighted an increasingly competitive market.

Daily update on share prices and consensus price targets.

Norfolk Group delivered a good quality profit result and with guidance for FY12 viewed as conservative brokers continue to rate the stock as a Buy.

The full year profit result for Programmed Maintenance Services showed a far stronger second half, leading to increased broker confidence of a recovery year for earnings in FY12.