Bradken
Bradken (BKN) is a holding company engaged in the manufacture and supply of mining, construction and railroad industry equipment. The Company serves resources and freight rail industries and employs over 2,800 people. Its manufacturing facilities are spread across Australia, US, New Zealand and the UK. The Company’s products consist of ground-engaging tools, crawler systems, mill and crusher liners, freight wagons, rail bogies and engineered products. BKN listed on the ASX on 18th August, 2004. BKN is organized into five divisions.
ComputerShare
Share registry services provider Computershare Ltd's (ASX:CPU) full year profit fell by 10.4 percent while net profit dropped to $264.09 million for the 12 months to June 30 from $294.76 million last year. Revenue was flat from the previous year at $1.604 billion. ComputerShare declared final dividend of 14 cents per share, 60 per cent franked, unchanged from last year.
Dominos
Read up on the dividend history for BRADKEN LIMITED. Dividends are a payment declared by a company's board of directors and given to its shareholders from the company's current or retained earnings. Dividends are usually released as cash (cash dividend). Dividends provide an incentive to own shares in the company. Companies are not required to pay dividends. You are eligible to receive BKN dividends if you own the BRADKEN LIMITED shares on the ex-dividend date.
Australian mining services company, Bradken (ASX:BKN) have posted their full year profit. The company reported a net profit of $70.4 million for the 2010 fiscal year, compared to a net profit of $64.3 million the previous year, the increase providing some evidence of a recovery from the global financial crisis. Bradken said in a statement: "strong, sustained recovery from levels experienced during the GFC, with mining capital products leading and energy markets also improving".
Here is an update on the Australian Mining Services Sector provided by Australian market analyst UBS.
Energy Boom – The Beneficiaries!
Bradken (BKN) was the overall worst performing stock taking in a 40 percent drop in its share price. Among the worst performing stocks for the week 50 of 2008 on the Australian sharemarket were a mixture of commercial explosives, mining, steel and crop protection: Dyno Noble (DXL), Zinifex (ZFX), Boart Longyear (BLY), Bradken (BKN), Nufarm (NUF). These top 6 worst performing stocks for week 50 recorded losses above 10 percent by the end of the trading week. The overall worst performing stock, Bradken had a significant gap between the next highest worst performing stock.
Credit Suisse have rated the Bradken (BKN) stock with an Outperform rating with a sare price target of $7.00. The result was in line with expectations. The stockbroker has a positive view on the stock as a result of the solid result and guidance.
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