A blog on value investing for the Australian stock exchange (ASX). I analyse a large number of shares looking for those extra po..
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Leigton Cuts profit forcast
Published on 2009-05-14 17:54:00
AUSTRALIA'S biggest construction company, Leighton Holdings (ASX:LEI), has cut its profit forecast by 10 per cent after slashing the value of toll-road and infrastructure investments. Leighton shares fell more sharply than they had in more than a month, down 8.5 per cent to $22.26, after the group announced that after-tax profit was down 41 per cent for the first nine months of the financial year.The company said full-year profit would be about $430 million, compared with its February forecast o
CSR wary on outlook after $326m loss
Published on 2009-05-13 17:53:00
CSR Ltd (ASX:CSR) has emerged from its worst financial performance on record unwilling to provide shareholders with guidance on its prospects in the next year because of the uncertain economic climate.The company yesterday reported a thumping $326.5 million loss in the year to March 31 after restructuring costs, asset writedowns and the impact of the slowdown on its key building products operations. The loss represents a huge turnaround on a previous profit of $177.4 million. CSR managing direct
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Published on 2009-05-13 17:27:00
Well its been a while but the market is back to a spot where we can start looking at it fundamentally again.There are lots of stocks out there that need to be looked at so I'lls tart looking through the news again.Good luck
