Industrial Stocks – BXB, ALQ, MMS

  • May 11, 2019 AEST
  • Team Kalkine
Industrial Stocks – BXB, ALQ, MMS

What are Industrial stocks?

The industrial goods sector relates to the production of goods which would be used for manufacturing and construction businesses. This business covers companies that focus on commercial services, industrial services, operations, equipment and more. Industrial companies cover everything from airlines to farming to railroads and beyond.

Brambles Limited

Brambles Limited (ASX: BXB) is a supply chain logistics company, known to cater to the fast-moving consumer goods sectors.

The company notified the exchange about the shares being issued in lieu of Brambles Employee Share Plans. On 6 May 2019, BXB announced an issue of 6,456 ordinary shares $0.00 per share under the various Brambles Employee Share Plans. Similarly, On 29 April 2019, BXB had issued 347 ordinary shares @ $0.00 per share and another 22,319 @ $0.00 per share (on 23 April 2019) because of the exercise of share awards under the various Brambles Employee Share Plans.

As per its third-quarter trading update, BXB reported sales revenue from continuing operations of USD3.41 billion, for the first 9 months of the financial year ending June this year. The revenue was up 7% compared to its pcp.

As for the future outlook, Brambles continues to expect an improvement in constant-currency Underlying Profit in FY19 , with an increase in price realisation and remitting cost efficiencies which are majorly offset by the current global input-cost inflation. The IFCO sale is anticipated to be finalized by the end of financial year 2019.

As on 10 May 2019, the stock closed at A$12.270, up 0.656% compared to its previous day’s close.

ALS Limited

ALS Limited (ASX: ALQ), a testing services provider known for catering to consulting and engineering firms, industry and governments. It is headquartered in Brisbane, Australia.

On April 29, the company announced that it has successfully completed the sale of its environmental and analytical testing business in China for $57.3m. The net cash was adjusted to SUEZ, a international front-runner in smart and sustainable resource administration. Across China, the company would provide three environmental and analytical testing services in Shanghai, Beijing and Guangzhou.

Earlier in April, the company received strong support from US Private Placement (USPP) investors. As a result, ALQ placed new long term USPP senior notes amounting to AUD $252m. The placement would occur in three tranches each of 15 years- AUD$125m, EUR€40m and STG£35m. The debt maturity profile was extended to 5.3 years whereas the total weighted average funding costs were reduced by 20 bps.

In February, the company procured BioScreen Testing Services. A personal care and pharmaceutical testing unit.

As on 10 May 2019, the stock closed at A$8.040, down 0.124% compared to its previous day’s close.

McMillan Shakespeare Limited

Mcmillan Shakespeare Limited (ASX:MMS) , an Australian company formed in 2003 operates across Australia and UK. It provides services of salary packaging, fleet management, retail finance services and vehicle leasing administration.

In April, company announced to the exchange that MMS and Eclipx Group (ASX: ECX) Limited have ended the Scheme Implementation Agreement. The agreement dates to 8/11/2018.

The company provided a trading update in March for the first five months of FY19. On the positive side, the Assets Under Management amounted to $2.46 bn and increased by 5.85 percent on the previous corresponding period. As for the company’s outlook, MMS is looking at improving its credit worthiness and cash management.

In its Half year revenue performance presentation from February, it was noted that in 1H19, the revenue was up 1.2% to $273.1m. The EBITDA was down 3.8% to $65.3m. The UNPATA performance was down by 3.9% and amounted to $42.6m. The underlying EPS was down 4.1% to 51.5 cents/share. The fully franked dividend was up 3.0% to 34.0 cents/share.

As on 10 May 2019, the stock closed at A$13.260, up 1.221% compared to its previous day’s close.


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