EARTHMOVING MACHINERY – AUSTRALIA

Seven remains upbeat on China despite exit

roymorgansocial Leave a comment

Original article by Tess Ingram
The Australian Financial Review – Page: 13 & 26 : 23-Aug-17

Listed conglomerate Seven Group Holdings has posted a 2016-17 net profit of $A44.5m, which is 77.4 per cent lower than previously. The result was marred by impairment charges associated with Seven West Media. Seven Group’s EBIT of $A333.3m was 10 per cent higher than previously, and the group forecasts EBIT growth of 5-10 per cent in 2017-18. Meanwhile, Seven has struck a $A540m deal to sell the Chinese division of its WesTrac heavy equipment business to Lei Shing Hong Machinery.

CORPORATES
SEVEN GROUP HOLDINGS LIMITED – ASX SVW, WESTRAC HOLDINGS PTY LTD, WESTRAC CHINA COMPANY LIMITED, LEI SHING HONG MACHINERY, CATERPILLAR, COATES HIRE LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, BEACH ENERGY LIMITED – ASX BPT, LATTICE ENERGY LIMITED, ORIGIN ENERGY LIMITED – ASX ORG, GOLDMAN SACHS AUSTRALIA PTY LTD

Seven Group new boss set to take helm

roymorgansocial Leave a comment

Original article by Max Mason
The Australian Financial Review – Page: 20 : 23-Jun-15

Seven Group Holdings’ incoming CEO Ryan Stokes will receive an annual salary of $A1.6m when he succeeds Don Voelte in July 2015. Stokes has been an executive director of the conglomerate since 2010, and became COO in 2012. His remuneration also includes both short- and long-term incentive plans. Voelte revealed his intention to step down in April.

CORPORATES
SEVEN GROUP HOLDINGS LIMITED – ASX SVW, SEVEN WEST MEDIA LIMITED – ASX SWM, WESTRAC HOLDINGS PTY LTD

Seven set for uptick

roymorgansocial Leave a comment

Original article by Tess Ingram, Anthony Macdonald
The Australian Financial Review – Page: 25 : 26-Feb-15

Seven Group Holdings has posted a 2014-15 interim net profit of $A69.2m, which is 74 per cent lower than previously. The WesTrac division’s sales revenue was down 47 per cent at $A323m, although revenue from equipment servicing and parts sales rose by 16 per cent to $A750m. Meanwhile, Seven Group will undertake an on-market share buyback via Goldman Sachs. The group’s shares closed 11 per cent higher at $A6.85 on 25 February 2015

CORPORATES
SEVEN GROUP HOLDINGS LIMITED – ASX SVW, WESTRAC HOLDINGS PTY LTD, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S (AUSTRALIA) PTY LTD, CATERPILLAR, WOODSIDE PETROLEUM LIMITED – ASX WPL