COF Open Briefing Session - worth a listen, page-2

First 2 Last

Share
Profile

Follow
septic1

554 Posts.

4

10/02/15

08:41

Post #: 14726100
Share

Originally posted by lost ↑

Hi All

Interesting Open Briefing session with John Douglas and Urs Meyerhans, link as follows:
http://www.openbriefing.com/OB/1666.aspx

Key points I took from the session are:
- With NSW picking up in Transport & Infrastructure Engineering requirements, market is no longer lowering margins in other states to get work. There is an expected upturn in 2016, with significant tender volumes being published. Expectation of work beginning before 2016 starts.
- Geoservices division restructured by reducing by 70 staff. Urs mentioned that due to this right sizing to the market, they did not announce it as a restructure. 70 staff will reduce staff expenses by $10.5 Million (assuming an average of $150k per engineer).
- International Development is picking up across the globe, except for Australia. With Australia decreasing COF has targeted the Scandinavian countries with considerable success and see this as developing into a large target market.
- Next point isn't verbatim, I am reading between the lines. If Queensland and Victorian governments get organised, market will pick up for services. Growth has stalled in these markets due to change of governments. Pick up expected in 2016.
- Positive signs in other markets they are in. The UK and Canadian governments are building Railway infrastructure for the first time since the Victorian Era.

Best of Luck
Lost

Expand

Isn't it a pleasant change to find a CEO who takes restructuring costs on the chin as a normal part of business, rather than trying to remove from the result as extraordinary items. I also like their straight up approach. I have confidence in COF, but will probably be 2016 beofre serious rerating.

COF Price at posting: 24.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

AXP

Tambourah chases gold veins and mineralisation extension with drilling

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 1 more message in this thread...

First 2 Last

Add COF (ASX) to my watchlist

(20min delay)
Last $1.21		Change 0.020(1.69%)		Mkt cap ! $755.6M

Open	High	Low	Value	Volume
$1.18	$1.21	$1.18	$1.454M	1.207M

Buyers (Bids)

No.	Vol.	Price($)
2	11977	$1.20

Sellers (Offers)

Price($)	Vol.	No.
$1.21	14478	2

Last trade - 16.10pm 25/11/2024 (20 minute delay)

COF (ASX) Chart

COF Open Briefing Session - worth a listen, page-2

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Tambourah chases gold veins and mineralisation extension with drilling

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

COF Open Briefing Session - worth a listen, page-2

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Tambourah chases gold veins and mineralisation extension with drilling

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News