Super-Rebound Chance mit Multiplex Group - 500 Beiträge pro Seite

[Woodly2712]

Vergangene Woche empfahl Focus Money die australische Multiplex Group (ISIN AU000000MXG7) zum Kauf.

Multiplex baut derzeit das neue Wembley Stadion in England. Als bekannt wurde, dass man diesen Bau wegen gestiegener Stahlpreise mit Verlust abschließen wird, brach der Kurs von 3,50 auf 1,50 Euro ein. Und das völlig zu unrecht so Focus Money.

Der Gewinn je Aktie soll sich dieses Jahr verdoppeln und das KGV liegt gegenwärtig bei ca. 10. Hinzu kommt eine Dividendenrendite von ca. 7 %. KBV 1,1.

Die Analysten gehen davon aus, dass der Gewinn in den nächsten Jahren weiter deutlich zunehmen wird.


http://www.multiplex.com.au

[Woodly2712]

Aktuell übrigens günstig zu haben:

München MUX1 EUR 2,08
Berlin MUX1 EUR 2,00



Focus Money Schlußsatz war "Die Multiplex Aktie sollte daher in der Startelf eines spekulativ ausgerichteten Depot stehen"

[Woodly2712]

Multiplex was founded in 1962 in Perth, Western Australia, by Founding Chairman, John C Roberts AO. Multiplex has grown strongly over the last four decades and has thrived through a number of different property and economic cycles.

Today, Multiplex Group is a fully diversified property business that derives its revenue from the following activities:

Property funds management;
Construction;
Property development; and
Facilities and infrastructure management.
The Group employs over 1,800 people across these four divisions and has well established operations and offices throughout Australia, New Zealand, the United Kingdom and the Middle East.

Multiplex Group’s strong track record has given it an established brand with a reputation for quality, innovation and the successful delivery of major projects, particularly large commercial, residential, retail and specialist design and construction projects. Recent examples of such projects include:

Telstra Stadium in Sydney;
Federation Square in Melbourne;
Perth Convention & Exhibition Centre in Perth;
Wembley Stadium and the White City retail development in the UK; and
Dubai Marina in the UAE.
Listing on the Australian Stock Exchange

In December 2003, after 41 years as a private company, Multiplex Limited listed on the Australian Stock Exchange (ASX) as apart of the Multiplex Group, raising a total of $1.2 billion.

Multiplex Group was formed by combining the various businesses of Multiplex Limited and the newly established portfolio of investments held by Multiplex Property Trust, which created a truly diversified and integrated property business.

Today, the Roberts family continues to play a major role in the Multiplex Group and currently holds a 26% interest in the Group.

[Woodly2712]

Nicht ganz neu, aber trotzdem:

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

Advertisement
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

[MeisterLou]

Hallo Woodly,

habe soeben den Artikel von focus-money gelesen. Ich deute diesen Artikel als klare Kaufempfehlung, wobei ich mir mit dem Schlusssatz schwer tue - wieso ist diese Aktie jetzt auf ein Mal spekulativ, wo doch von immensen Gewinnsteigerungen in der Bausparte gesprochen wird?
Was hälts du von dem Unternehmen?

Viele Grüße MeisterLou

[Woodly2712]

Selten ist eine Kaufempfehlung in Focus Money so eindeutig wie in diesem Fall.

Spekulativ meiner Ansicht nach deshalb, weil es sich um einen Auslandswert handelt und Währungsschwankungen auch den Kurs in Deutschland beinflussen können. Das mag jetzt etwas weit hergeholt sein, aber ansonsten sehe ich da kein all zu großes Risiko.

Das Unternehmen erwirtschaftet gute Ergebnisse und der Kurs kam nur deshalb unter die Räder, weil der Bau des Wembley-Stadions finanziell ein Griff ins Klo ist. Aber wie Du ja in F.M. gelesen hast, ist das nur ein kleiner Teil am großen Kuchen des Mischkonzerns.

Dividendenrendite übrigens auf aktuellem Kursniveau ca 7,5% (0,12 Euro bzw. 0,14 AUS$). Denke das sichert den Kurs zusätzlich nach unten ab und zeugt von der Ertragsstärke.

[Woodly2712]

Heute sollen die neuen Zahlen kommen. Bin gespannt was uns erwartet!

[Woodly2712]

So! Der Bericht kann von der Website heruntergeladen werden.

http://www.multiplex.com.au

[altersfalte]

So kannst mir nun mal bitte sagen was dieser Bericht genau aussagen soll..........ist ja keine wesentliche Veränderung

[Woodly2712]

Nö, leider keine wesentliche Veränderung. Aber der verlustreiche Bau des Wembley Stadions geht dem Ende entgegen . Wenn diese Belastung erst mal aus dem aktiven Geschäft verschwunden ist, stehen die Zeichen auch wieder ganz deutlich in Richtung Gewinnwachstum. Und das nicht zu knapp. Siehst Du das anserst?

[Woodly2712]

Langsam aber sicher kommt ein wenig Leben in den Kurs. Immerhin nun bei 2,11 Euronen.

[Woodly2712]

Newport Quays Sales Set a Solid Pace
1st November 2005
Property sales at Adelaide’s newest waterfront residential development, Newport Quays, have topped $65 million in just two months of marketing.
Around $30 million of those sales were achieved within the first week of release, placing Newport Quays amongst the fastest selling residential projects currently on the market across the country.

Stage one, Edgewater, consists of 61 villas and 126 apartments, with a selection of 1, 2 and 3 bedrooms. To date, 53 out of the 61 villas released to the market have been sold while a further 53 apartments have also found buyers.

Located next to the restaurant and retail precinct that will be delivered in the $1.5 billion project’s second stage, Edgewater offers a diversity of nearby recreational pursuits such as golf, football, walking trails, bicycle paths, fishing and a host of local historic attractions.

Multiplex Developments Director Bruce Rippin said the Newport Quays, a joint venture between Multiplex and South Australian developer Urban Construct, had exceeded initial sales expectations.

“In the first week, the release of Edgewater to our data base of VIPs resulted in an impressive 42 sales. I’m pleased to say that most of these were for the waterfront product, which is at the higher price point.”

Newport Quays is part of a $1.5 billion redevelopment of the Port Adelaide Waterfront – the largest development undertaken by Multiplex in Australia.

Located on the banks of Port Adelaide’s historic Inner Harbour, Newport Quays is situated on 51 hectares of land, with 2000 homes planned and a project span of more than 10 years.

The development features six kilometres of waterfront promenades, pedestrian and cycle networks, public art, parklands, recreational facilities and private and public marina berths.

“Clearly there has been pent up demand for quality, residential property in Adelaide and Newport Quays is helping to fill that gap,” Mr Rippin said.

[Woodly2712]

Menschenskind. Immer wieder stoßen wir an die 2,20 Hürde und prallen daran ab. Danach wieder runter auf 1,85 und dann ein neuer Anlauf. Aktuell bei 2,12.

Sollte die 2,20 mal nachhaltig überschritten sein, müßte Luft vorhanden sein für ein flottes durchmarschieren auf 2,80

[Woodly2712]

In München heuer bei 2,25. Langsam aber sicher arbeitet sich Multiplex wieder nach oben.