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30.4.04 ASX Announcement
| CBD |
8:30 AM |
! |
Trading Update & Profit
Upgrade for FY2005 |
1 |
PDF |
' ... following on from its first month of
profitability in February 2004, the company has once again derived a profit in
March 2004, and anticipates month to month growth in profitability. The profit
figure in March 2004 was an increase on the February 2004 profit,
based on higher revenue. ... CBD now wishes to upgrade its earning forecast for
FY2005 from $3M to $3.4M NPAT ($3.85M NPAT pre Amortisation and Good
Will).
PS Recommend reading the whole
announcement.
----- Original Message -----
Sent: Thursday, April 15, 2004 9:06
AM
Subject: Re: [sharechat] CBD Energy
UPDATE
CBD Energy Update
I recently spoke with one of the Directors as I was
concerned with the time frames quoted: I was assured (verbally, I admit) the
placement and director options would occur before the 50:1 consolidation and
that Directors will do everything possible to ensure share value is not
compromised. (Not surprising considering their personal
holdings.)
Also must apologise - I accidentally left out important
info from my earlier post - See Item 3 which has been added
below.
Regards,
Cris
________
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
3) Re Share Issue to raise $10M - Again, Good News:
A) ' ... Directors have agreed that the capital raised may only be
utilised to fund acquisitions that result in positive earnings per share for
the Company as a whole. ... '
B) ' ... It is envisaged that the funds
will be raised by placements to institutions and sophisticated investor
clients of stockbrokers once a proposed acquisition is nearing completion. The
company is only raising funds for acquisition purposes. ... '
C) ' ...
at an issue price of at least 90% of the weighted average market price of the
Company's fully paid ordinary shares over the preceding 5 trading days before
the day on which the issue is made, and in any event, not less than
$0.011 per share[U]. ... '
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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