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Yeah, I have Mcduffy. Thanks.
I bought more shares today cos the Boral overhang of stock is out of the way which should give the sp a boost in a few days or so. Would be more interesting to see who bought Boral's stake.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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Took a punt on ABC AdBri (Adelaide Brighton) yest. S/P drop seems way overdone, 25% drop to $2.35.50 year contracts with Alcoa not being continue in 2021. Increasing comp from
Download Document
Download Document OUTLOOKPROJECTIONS
250
200
150
100
50
RESIDENTIAL APPROVALS (000’S)
80
70
60
50
40
30
20
ENGINEERING WORK DONE (EX MINING) ($B)
0
2018 2019* 2020* 2021* 2022* 2023* 2024* 2025* 2026*
2015 2016 2017 2018 2019* 2020* 2021* 2022* 2023* 2024* 2025* 2026* *Forecast
Detatched Multi
*Forecast
Source: Macromonitor, ‘Australian Construction Outlook 2019’
Long-term outlook remains strong
- › Residential approvals continue to be challenging in near- term
- › Access to finance and confidence remains low but is expected to improve in 2021
- › Long-term outlook for population growth, which will drive the demand for residential and infrastructure construction, remains strong, particularly on the eastern seaboard of Australia.
Source: Macromonitor
|
|
Pipeline of infrastructure investment
- › Pipeline of infrastructure work supports long-term demand for construction materials
- › Strong support across levels of government for investment
- › Timing of commencement and spend rate of projects difficult to predict
Source: Macromonitor
|
|
Infrastructure spending continues
- › Infrastructure spending expected to remain at substantially elevated levels for more than five years
- › Significant number of projects have either commenced or are in the planning stages, with bipartisan support for investment across all tiers of government
Source: Macromonitor
|
29
Adelaide Brighton | Results presentation for the year ended 31 December 2019
Projected inflection point
OUTLOOK
PROJECTIONS
OUTLOOK FOR GOLD
VALUE OF MINING WORK DONE ($B)
WA ALUMINA PRODUCTION AND PRICE
30 25 20 15 10
5
0
2018 2019* 2020* 2021* 2022* 2023* 2024* 2025* 2026*
*Forecast
Price for gold and nickel supports growth
Improved mining investment
Stable outlook for Alumina
- › Pricing for gold remains at historic highs, particularly in AUD terms
- › Nickel price recovering with strong outlook for WA production
- › Activity in sector looks to support further demand for cement and lime, particularly in WA
Source: Department of Industry, Science, Energy and Resources Resource and Energy Quarterly, December 2019
- › New mining investment will begin following 2019, driven by iron ore and gold production capacity expansion
- › Growth outlook is strong in our key markets of Western Australia and the Northern Territory over the long-term.
- › The Group’s Western Australian and Northern Territory operations, deliver key contributions to the Group’s profitability and have remained robust through the cycle, supported by a low cost and competitive resources sector.
Source: Macromonitor
- › Projections for Alumina volumes are stable
- › Low cost Australian operations well placed to weather recent decline in price which is expected to stabilise
Source: Department of Industry, Science, Energy and Resources Resource and Energy Quarterly, December 2019
30
Adelaide Brighton |
Results presentation for the year ended 31 December 2019
OUTLOOK
2020 MARKET OUTLOOK
Competitive pressures and subdued construction markets in 2020
Mining sector demand expected to grow again, driven by demand from new gold and nickel projects
- › WAmarketforcementandlimeexpectedtogrowin2020driven byresources sector demand. New gold and nickel projects improve outlook for lime and cement.
- › EarlysignsofrecoveryinQldmarket,drivenbyresourcesa ndconstruction activity. However, increased market capacity in both cement and concrete will impact pricing. Sunstate volumes will be impacted by our joint venture partner settling supply agreements with third parties.
- › SAcementmarketrebasedfollowingentryofimportcompeti tion,withprices stabilising in 2H19. Underlying demand expected to be marginally lower following completion of infrastructure projects.
- › NSWresidentialdemandrecoverynotexpecteduntil2021
- › Vicstableasaresultofcurrentinfrastructureprojects, combinedwithdemand from the industrial and commercial sectors
- › Improvedpenetrationintoinfrastructureprogressing,h oweverprojecttiming means no immediate addition to volumes until 2021.
- › NTtodeclinemarginallyfollowingcompletionofprojects
- › Costpressuresremain,withanticipatedincreasetocosts of$20millionoffsetby cost-out program savings in 2020 of $30 million which remain on target
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Originally Posted by lakedaemonian
CEMEX NYSE= CX
CX bought CSR's cement company RINKER 10 + years ago but ever since its been a down ward slope, total disaster IMO.
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Originally Posted by Joshuatree
Took a punt on ABC AdBri (Adelaide Brighton) yest. S/P drop seems way overdone, 25% drop to $2.35.50 year contracts with Alcoa not being continue in 2021. Increasing comp from
Download Document
Download Document OUTLOOKPROJECTIONS
250
200
150
100
50
RESIDENTIAL APPROVALS (000’S)
80
70
60
50
40
30
20
ENGINEERING WORK DONE (EX MINING) ($B)
0
2018 2019* 2020* 2021* 2022* 2023* 2024* 2025* 2026*
2015 2016 2017 2018 2019* 2020* 2021* 2022* 2023* 2024* 2025* 2026* *Forecast
Detatched Multi
*Forecast
Source: Macromonitor, ‘Australian Construction Outlook 2019’
Long-term outlook remains strong
- › Residential approvals continue to be challenging in near- term
- › Access to finance and confidence remains low but is expected to improve in 2021
- › Long-term outlook for population growth, which will drive the demand for residential and infrastructure construction, remains strong, particularly on the eastern seaboard of Australia.
Source: Macromonitor
|
|
Pipeline of infrastructure investment
- › Pipeline of infrastructure work supports long-term demand for construction materials
- › Strong support across levels of government for investment
- › Timing of commencement and spend rate of projects difficult to predict
Source: Macromonitor
|
|
Infrastructure spending continues
- › Infrastructure spending expected to remain at substantially elevated levels for more than five years
- › Significant number of projects have either commenced or are in the planning stages, with bipartisan support for investment across all tiers of government
Source: Macromonitor
|
29
Adelaide Brighton | Results presentation for the year ended 31 December 2019
Projected inflection point
OUTLOOK
PROJECTIONS
OUTLOOK FOR GOLD
VALUE OF MINING WORK DONE ($B)
WA ALUMINA PRODUCTION AND PRICE
30 25 20 15 10
5
0
2018 2019* 2020* 2021* 2022* 2023* 2024* 2025* 2026*
*Forecast
Price for gold and nickel supports growth
Improved mining investment
Stable outlook for Alumina
- › Pricing for gold remains at historic highs, particularly in AUD terms
- › Nickel price recovering with strong outlook for WA production
- › Activity in sector looks to support further demand for cement and lime, particularly in WA
Source: Department of Industry, Science, Energy and Resources Resource and Energy Quarterly, December 2019
- › New mining investment will begin following 2019, driven by iron ore and gold production capacity expansion
- › Growth outlook is strong in our key markets of Western Australia and the Northern Territory over the long-term.
- › The Group’s Western Australian and Northern Territory operations, deliver key contributions to the Group’s profitability and have remained robust through the cycle, supported by a low cost and competitive resources sector.
Source: Macromonitor
- › Projections for Alumina volumes are stable
- › Low cost Australian operations well placed to weather recent decline in price which is expected to stabilise
Source: Department of Industry, Science, Energy and Resources Resource and Energy Quarterly, December 2019
30
Adelaide Brighton |
Results presentation for the year ended 31 December 2019
OUTLOOK
2020 MARKET OUTLOOK
Competitive pressures and subdued construction markets in 2020
Mining sector demand expected to grow again, driven by demand from new gold and nickel projects
- › WAmarketforcementandlimeexpectedtogrowin2020driven byresources sector demand. New gold and nickel projects improve outlook for lime and cement.
- › EarlysignsofrecoveryinQldmarket,drivenbyresourcesa ndconstruction activity. However, increased market capacity in both cement and concrete will impact pricing. Sunstate volumes will be impacted by our joint venture partner settling supply agreements with third parties.
- › SAcementmarketrebasedfollowingentryofimportcompeti tion,withprices stabilising in 2H19. Underlying demand expected to be marginally lower following completion of infrastructure projects.
- › NSWresidentialdemandrecoverynotexpecteduntil2021
- › Vicstableasaresultofcurrentinfrastructureprojects, combinedwithdemand from the industrial and commercial sectors
- › Improvedpenetrationintoinfrastructureprogressing,h oweverprojecttiming means no immediate addition to volumes until 2021.
- › NTtodeclinemarginallyfollowingcompletionofprojects
- › Costpressuresremain,withanticipatedincreasetocosts of$20millionoffsetby cost-out program savings in 2020 of $30 million which remain on target
Alcoa faces wrath of WA government over Adbri snubwww.afr.com › Companies › Manufacturing
s/p still dropping atp. DYOR
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Steadyrecovery for ABC , am up re 27% (what isn't though). Alot of cement demand ahead.
Adbri Secures Contract Extension with BHP
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