MULTIPLEX vor Ausbruch???? FOCUS MONEY EMPHIEHLT - 500 Beiträge pro Seite

[Bauchtrader1]

Focus-Money empfiehlt in seiner aktuellen ausgabe Multiplex.
Habt Ihr erfahrungen mit der Aktie? Momentan hat die Aktie
17% zugelegt. Denke ein klarer Kauf!

[KneeDeep]

noch 1000 eingeheimst, dann wollen wir jetzt ma sehen

bin zuversichtlich dass das ding maschieren wird

[Woodly2712]

Bin auch mit dabei! Leider findet man diesen Thread nur über GOOOOOOGLE weil keine Isin eingegeben wurde! Sollen wir einen neuen Eröffnen und uns gegenseitig hochpushen?

(Aber dann bitte mit ISIN)

[Woodly2712]

Hot stock: Multiplex Group Limited
By Geoffrey Hill
March 30, 2005

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ASX code: MXG

Price movement

There are some unhappy shareholders at Multiplex Group, especially institutional investors that invested $1.67 billion in new equity in the six months to the end of December.

The share price is down 31 per cent in just two months from its high of $6.10 to $4.20 last week. Despite the announcement of a solid first-half profit, investors have focused on the problems and profit write-down on the Wembley Stadium project in London.

Profile

Multiplex Group is a diversified real estate construction and development company that has a large investment portfolio. Multiplex builds, develops, invests and manages businesses in Australia, New Zealand, Europe, the Middle East and Britain.

Multiplexs capital structure combines a unit trust and a company as a stapled security. Investment assets are held in the trust, which pays distributions. The operating businesses are held in the company where dividends are paid.

Current details

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AdvertisementMultiplex announced a $92 million headline net profit, up 87 per cent on the year to December 2003. Property funds under management grew by 157 percent (to $5.4 billion) last year, with expectations that strong growth would continue. The Wembley Stadium project write-down ($68 million) marred the result.

However, management reiterated its net profit forecast for the financial year to June of $235 million. The dividends are expected to be about 31 cents. This makes Multiplex seem cheap on a price/earnings ratio of 12.7. The market is watching the quality of project work for potential surprises.

Multiplex has made some big acquisitions recently. The $1.7 billion Ronin Property Group will provide $90 million in earnings for the property trust. In Britain, the $450 million Duelguide merger will help consolidate its property development business.

Sector Construction companies notoriously have project delays and glitches. Companies that manage to minimise the impact of delays and maintain well capitalised balance sheets continue to be successful. Multiplex is successfully diversifying its earnings away from being dependent on construction with development and property management generating increased earnings. Construction makes up 44 per cent of earnings, development 44 per cent and property management 12 per cent.

Worth buying? Multiplex is well managed, well capitalised and has a large amount of work in hand for many years to come in Australia, Britain and the Middle East. The current price is an opportunity for investors to add a quality property developer and manager to a diversified portfolio. Buy.

Geoffrey Hill is an independent private client adviser. http://www.ghill.com.au

[Woodly2712]

Thread: Super-Rebound Chance mit Multiplex Group

[Woodly2712]

Ist das Zufall?????


Username: Bauchtrader1
Registriert seit: 02.07.2005

Username: KneeDeep
Registriert seit: 02.07.2005

[Bauchtrader1]

Hallo,
gut aufgemerkt - ist Zufall.

Gruß
J.