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Hi all,
Good news all round.
1) Good News:
CBD has signed a contract to purchase O.P. Industries for $7.5M which represents
an annual multiple of 2.4 times EBITDA and 2.7 times EBIT - in the opinion of
the board the purchase price is fair and reasonable - represents a natural
extension of current business activities - greater visibility with major
corporates, developers and builders (NB hence notice of capital
raising).
Mr Earl Sakareassean has agreed to continue in his role as MD
of O.P. Industries (for the next 3 years) and has been invited to join the board
of CBD as Executive Director.
Mr Sakareassean - "... Long identified as
an area offering growth, CBDE will provide the products, services and knowledge
necessary for O.P. Industries to credibly approach their existing and
prospective clients with energy saving possibilities. Certainly we are seeing
the demand. Tenders are increasingly seeking energy efficient alternatives ...
'
Mr Wayne Rudland, CBDE's Chief Operating Officer - " ... complementary
and overlapped skills ... far better market coverage ... vertical integration
possibilities ... cost advantages - fabrication capability ... "
O.P.
Industies have operations in Melbourne, Sydney, Wangaratta, Albury and Ballarat
with each providing a 24/7 service support capability - 220 employees - major
supplier to hospitals - approved tender for mechanical services to
Safeway/Woolworths, Melbourne Univ, Telstra - significant works for other corps
including Aust Post, The Age, RMIT, Coles/Myer, GMH, Toll Logistics, Visy, and
Pfizer. Top clients over past 5 years (>$20M of business include Probuild
Constructions, Multiplex, Telstra, Leighton Contractors, and Hooker Cockram.
Settlement for the acquisition is scheduled for
14.5.04.
________
2) Re 50:1 share consolidation - More Good News
- Shares acquired/owned by Bay Terrace Pty Ltd and Directors are subject to the
same escrow restrictions as set out in CBD's ASX Announcement dated 30.6.03,
namely voluntary escrow until 30 June 2005.
Broadly, the escrow
restrictions preclude directors of CBD Energy Limited from selling any shares in
the company on market (other than by way of special crossings), and directors
must provide the Chairman with at least 3 business days written notice of any
intention to sell shares off market (including special
crossing).
Holdings Follow:
A) Non-Exec Director: Nick Kephala -
continued to acquire late 2003
- holding 142,480,823
B) Non-Exec
Director: David Hood - has acquired 4,132,333 (direct) & 750,000 (indirect)
in total
C) Major Shareholder: Bay Terrace Holdings Pty Ltd - holding
919,845,892 (45.6% control of voting power)
D) Chief Financial Officer:
Robert Edis - new - nil holding to-date
E) Non-Exec Chairman - Gerry
McGowan (assoc TRW Holdings Pty Ltd) - new - nil holding
to-date
_______
----- Original Message -----
Sent: Tuesday, April 06, 2004 10:26
AM
Subject: Re: [sharechat] Cris' Current
Watch List & CBD Energy
CBD Update
ASX Announcement - CBD - CBD Energy -
6.4.04
Appointment of Gerry McGowan as Non-Exec
Chairman
' ... is pleased to announce that the Board of
Directors has unanimously agreed to the appointment of Mr Gerry McGowan as the
Non-Executive Chairman of the Company.
Mc McGowan is the Executive Chairman of TRW
Holdings Pty Ltd which has substantial investments in both the energy and
aviation industries. Mr McGowan has a particular interest in energy efficiency
and green energy initiatives, and the Board is of the view that he will add
significant strategic value to the Company's growing energy management
business.
Mr McGowan has advised the Board that he intends
to acquire shares in the Company in the coming weeks. ... '
----- Original Message -----
Sent: Friday, March 26, 2004 12:24
PM
Subject: Re: [sharechat] Cris' Current
Watch List & CBD Energy
Nice support building for CBD.
Sent: Thursday, March 25, 2004
11:35 AM
Subject: Re: [sharechat] Cris'
Current Watch List & CBD - CBD Energy
ASX Announcement
| CBD |
8:30 AM |
! |
$1.5m contracts for
subsidiary Parmac |
Highlights:
CBD Energy's recently acquired subsidiary,
Parmac, has secured two significant contracts - awarded by Aust Property
Network (APN) - engineering validation, delivery &
commissioning of air conditioning, mechanical services installations -
for two APN Melbourne projects, Emmy Monash Nursing Home & Liverpool
Street Apartments.
Parmac completed the $6M mechanical
services contract for APN's 380 Latrobe St, Melbourne late last
year.
These APN contracts come 'hot on the heels'
of significant refurbishment work for RMIT and Coles Myer, and along
with their general tenancy and servicing work puts Parmac well on target
to exceed our internal revenue and earnings forecasts.
' ... since acquiring Parmac on 15 January
2004, the order book has been gradually strengthening. ...
'
----- Original Message -----
Sent: Sunday, March 14, 2004
2:15 PM
Subject: [sharechat] Cris'
Current Watch List
Hi All,
As a fairly regular poster, I thought I'd share some of the more promising from my
present (evolving) watch list on the understanding it may be
different again tomorrow.
NB A good prospect today can be a bad
prospect tomorrow and vice versa depending on world events,
good/poor business planning and execution, changes in key executives
(eg KAZ last year), etc, etc, etc.
I consider all of the following to have
high growth potential. I'm reasonably sure all of these have
been summarized at varying times.
CBD - Maintain a vigil for best entry
price
INL - Wait a while for it to settle down again
IVN - May
take a while
MIC - Await confirmation of BioGold
acquisition
MUL - Great today, tomorrow, etc, etc (I researched
this one following an excellent tip from 'Oski' who posts
occasionally to an Ozzie forum.)
NLX - Hoping it will
drop a little more to make it worthwhile
PDR - Promising a return
of capital to shareholders
SKG - Market has grown a little bored
with SKG of late
VSG - Long overlooked - ticking time bomb
WAL
- Great buy today, tomorrow, etc, etc
ZYL - Wait until it
settles after Rights Offer period.
All the above notations are naturally
subject to change of circumstances.
These shares have what I consider to be
high growth potential which usually goes hand-in-hand with high
risk. I minimize risk via research and tracking.
These shares are suited to a patient,
long-term hold. Time frames will be dependent upon market trends and
factors.
As always, I like to share info
that may bring benefit to someone else.
Regards,
Cris
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