ABC

Adelaide Brighton (ABC)

Sun, 22/06/2008 - 12:35

Stock Code

ABC

Stock Exchange

Australian Securities Exchange

Adelaide Brighton (ABC) is an Australian-based company engaged in the production and supply of lime products and other construction materials. ABC was listed on the Australian Stock Exchange on the 31st of May 1962. Its average annual revenue reaches approximately AUD$791 million. Its headquarters is located in Adelaide, Australia and to date; around 1300 people are employed in the company. Majority of the end-users of the products of Adelaide Brighton Ltd includes engineering construction, both residential and non-residential construction, steel production, mining and alumina.

Adelaide Brighton Profit Goes Up


Adelaide Brighton’s (ABC) net profit goes up by 6.1%. The company projected weakening levels of demand for cement during 2009 driven by the decline in commercial and residential construction activity across all markets. Revenue for the year to December 2008 rose 15.1% to $1.022 billion, although the company has warned the year ahead would be marked by tougher economic conditions with construction activity to decline by as much as 20%.

Strategy Updates


Here is a strategy update on the Budget Impact on Equities provided by Australian market analyst UBS.

Strategy – Budget Impact on Equities

Broker Recommendations Rundown


If you wish to use these broker recommendations for trading shares listed on the Australian Stock Exchange, it is highly recommended that you back up your analysis using fundamental or technical analysis or a combination of both before investing in any company.

UBS has a Neutral 2 recommendation for National Australia Bank (NAB) with a target of $35 per share.

Stock Tip: Shares that will Benefit from the Australian Budget


Last week the Australian government handed down their 2006-07 federal budget. Macquarie Research Equities (MRE) notes that "The centre piece of the Budget was the personal income tax cuts which were more widespread and extensive than the financial markets had been anticipating. This will inevitably provoke fears that interest rates may have to rise in order to offset the fiscal stimulus.
The key initiatives announced in the Budget that have notable implications for the Australian listed market are as follows:
- Reductions in the tax rates on personal income as well as increases to the thresholds for each tax rate;
- Accelerating the depreciation allowance for eligible business investment;
- Abolition of the Reasonable Benefit Limit (RBL) and age based contribution limits, and the elimination of tax of benefits paid to retires from taxed superannuation funds."
Here are some Australian listed stocks that MRE believes that will benefit from the budget:

Top ASX Stock Picks for 2006: Small Caps


These are the Top ASX Stock Picks for 2006 for the Small Caps provided by ABN Amro:

CDO, TBG, ARQ, CBH, QCG, ABC, ACL, CCP, QMT, OAK.

Now, I'm not suggesting you go out and buy these top picks for the small caps stocks arena - they may look cheap, may have a lot of upside but you also have to consider what you exit plan is if you do decide to trade these small cap stocks.

Share Price and Cost Pressures Intensifying… Where are the Risks?


Macquarie Research Equities (MRE) have conducted an extensive analysis of stocks that are at risk of earnings downgrades due to increasing cost pressures. While softer revenues are a problem, the real concern lies with accelerating cost growth that is effectively eating into company margins. Against this backdrop, MRE believe that rising costs present an increasing risk to company Earning Per Share (EPS) growth forecasts for FY06.

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