Full steam ahead: Aurizon extends buy-back
Aurizon Holdings (ASX:AZJ) has announced a $100m extension to its on-market share buy-back program, bringing the total buy-back to $250m.
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Market rejects Aurizon’s strong results
A thumbs down from the market to rail group Aurizon's (ASX:AZJ) 2023-24 financial report and outlook for the coming year. The shares traded down more than 8% during Monday trading, despite a result that showed the company benefited from the lack of a La Niña's big wet.
Read MoreAurizon boosts interim dividend amid favourable weather conditions
The absence of La Nina-driven rain and flooding events in the coal fields and ports of central Queensland and the NSW Hunter Valley helped rail freight giant Aurizon (ASX:AZJ) boost its interim dividend by 39% to 9.7 cents a share for the December 31 half-year.
Read MoreAurizon dividends shrink
Shareholders of rail group Aurizon (ASX:AZJ) are facing yet another year of reduced dividends as the company grapples with weak earnings.
Read MoreAurizon presents growth prospects at Darwin Investor Day
18 Jul 2023 – Aurizon (ASX:AZJ), the leading integrated rail provider in Australia, unveiled its progress and growth opportunities during an Investor Day event held in Darwin.
Read MoreMarket Morsels: IAG, FBU, AZJ
New Zealand’s wild weather is playing havoc with companies on both sides of the Tasman, with updates from IAG and Fletcher Building released Monday, as well as one from Aurizon.
Read MoreFY2021-22 a Slight Derailment for Aurizon
No matter how Aurizon tried to spin it, the 2021-22 results justified Monday’s slide, with the share price dipping 7% at one stage before a late rally saw it end the session down 3.4%.
Read MoreAurizon Rail One Deal Still on Track after ACCC Tick
The ACCC says it will not oppose the proposed $2.35 billion purchase of One Rail by Aurizon after accepting a court-enforceable undertaking from Aurizon to sell One Rail’s east coast business.
Read MoreACCC Concerns Derail Aurizon Deal
Aurizon’s proposed $2.35 billion purchase of One Rail from Macquarie Asset Management has hit trouble after the ACCC revealed some concerns with the deal regarding competition.
Read MoreAZJ – Morgans rates the stock as Add
Target rises to $3.91 from $3.73, Add retained.
Read MoreBourse Discourse: BPT, BLD, AZJ, CAR
A busy old Monday session on the ASX with a bunch of news out from various companies and sectors. Here’s the latest from Beach Energy, Boral, Aurizon and Carsales.com.
Read MoreAurizon Makes $2bn Play for OneRail Australia
Aurizon today announced it had signed an agreement with Macquarie Asset Management, on behalf of its managed funds and client, to acquire One Rail Australia (ORA) for $2.35 billion.
Read MoreAZJ – Morgans rates the stock as Add
Morgans upgrades to Add from Hold, assessing returns are improving at current prices. Target is raised to $4.14 from $4.06.
Read MoreEverything Looking Stationary at Aurizon
Rail group Aurizon inched up its final dividend after reporting stagnant revenue and earnings for the 2020-21 financial year and forecasting not much of an improvement for 2021-22.
Read MoreAurizon on Track to Deliver as Promised
China’s continuing ban on Australian coal seems to have missed rail freight company Aurizon, which yesterday reaffirmed its full-year earnings guidance at its investor day in Newcastle.
Read MoreCashflows Stay Strong During COVID-19
The positive results from core shareholdings for 2021 FY reiterate why Investors Mutual invests in good quality, well-established businesses which produce real cashflows, earnings, and dividends.
Read MoreAurizon Still Chugging Along Despite China Ban
Rail group Aurizon has edged up interim dividend to 14.4 cents a share for the December half from 13.7 cents for the first half of 2019 despite a weak performance.
Read MoreDo Fundamentals Matter? (Part 2)
Anton Tagliaferro and Phillip Gray from Investors Mutual follow up their earlier article with some further insights into whether or not fundamentals still matter.
Read MoreWhy Earning Income from Shares Has Taken on Extra Significance
Looking back over 35 years of investing, I never thought that I would ever see the day in Australia where interest rates are as low as they are today.
Read MoreYield Support Rescues Aurizon
Aurizon Holdings faces several challenges in FY21 not the least being the weak coal pricing affecting haulage earnings.
Read MoreAurizon On Track With Higher Dividend, Profit Lift
Queensland-based railroad group, Aurizon has boosted final dividend despite forecasts of a weak performance for 2020-21.
Read MoreAZJ – Morgans rates the stock as Add
As a result of volume weakness in the June quarter Morgans expects FY20 earnings (EBIT) at the lower end of the $880-930m guidance range.
Read MoreAZJ – Credit Suisse rates the stock as Outperform
Credit Suisse lowers coal volume forecasts by -5.8% for FY21. Overall, the impact on the Australian export market is more benign compared with other global markets because of the relatively higher quality of Australian coal, and higher fixed costs.
Read MoreAurizon Shares Edge Higher On Refinancing Deal
Shares in Queensland-based rail freight company Aurizon edged up 1% on Wednesday after the company provided an encouraging update to investors on COVID-19 and its debt refinancing which will see more money borrowed, but a whack of short term debt repaid.
Read MoreCOVID-19 And The Implications For Dividends
Scott Kelly, Manager of the DNR Capital Australian Equities Income Portfolio, provides an update on his firm’s outlook for dividends in the Australian equity market.
Read MoreDifficulties Mount For Aurizon’s Coal Haulage
Aurizon Holdings has reaffirmed FY20 guidance but appears to be increasingly cautious about the outlook for the coal haulage segment.
Read MoreAZJ – Macquarie rates the stock as Underperform
Aurizon’s result was solid, the broker suggests, as network earnings normalised and the bulk division posted a beat. Strong cash generation has led to an expansion of the buyback, given meaningful growth opportunities are hard to find.
Read MoreAurizon Lifts Buyback After Solid H1
Queensland-based rail freight operator Aurizon has lifted interim dividend 20% percent and will spend another $100 million on its share buyback following a solid performance in the six months to December.
Read MoreInvestors Focus On Aurizon’s Buyback Plans
Investors are expected to focus on the prospect of sustained capital management as rail freight operator Aurizon seeks to gear up operations following a legal restructure.
Read MoreAZJ – Citi rates the stock as Neutral
Citi increases estimates for FY20 earnings (EBIT) by 1% and FY21 by 5% to reflect the company’s deal with network customers.
Read MoreAZJ – Morgans rates the stock as Hold
Morgans is more confident in the outlook for the regulated network after the briefing. However, concerns continue regarding competitive pressures above rail. With the revenue allowance for operating costs fixed until FY27 for the UT5 agreement, management was upbeat about the cost-cutting potential.
Read MoreAZJ – Credit Suisse rates the stock as Outperform
Aurizon has announced a new 10-year commercial agreement with its coal mine customers for pricing its Queensland network. If agreed to by the regulator, this will replace some parts of the four-year UT5 regulatory decision.
Read MoreAZJ – Citi rates the stock as Upgrade to Neutral from Sell
First-half results revealed a decline in earnings from continuing operations of -16%. Citi forecasts underlying EBIT for the non-network business towards the midpoint of management’s guidance range of $390-430m.
Read MoreACCC Stymies Aurizon Rail Sale
Trouble for rail group Aurizon’s planned sale of its Queensland intermodal business with the competition regulator revealing severe reservations about the plan to sell it to Pacific National.
Read MoreFreight Derails Aurizon Profit
Rail freight operator Aurizon is selling its troubled intermodal business, cutting another 250 jobs, revealed the financial cost of the impact from Cyclone Debbie and has slashed its final dividend after reporting a bottom line loss of $188 million. But it will run a multi-million dollar buyback this financial year to provide support to the share price.
Read MoreImpairments Derail Aurizon
Shares in the rail group, Aurizon absorbed the news of yet another round of massive impairments and write downs yesterday, with the shares up 0.2% to $5.06, leaving them lower than when they started 2017 at $5.12.
Read MoreAurizon Counts Cyclone Debbie Cost
Rail freight giant Aurizon (AZJ) has joined the growing list of companies and industries hit by Cyclone Debbie and the flooding that followed its near record rainfall last week.
Read MoreAurizon Flags New Earnings Hit
Rail operator Aurizon says it will take another huge write down – the 4th in as many years with directors yesterday revealing a $321 million hit from write-downs and other cost cuts and charges.
Read MoreAurizon Cuts To Profit Slump
Rail giant, Aurizon (AZJ) is facing a tough 2016-17 after it forecast flat rail haulage volumes in the coming year in the wake of a weak result dominated by a series of impairments that turned the final six months of 2015-16 into a series of bad news events.
Read MoreAurizon Confirms More Cuts
The other shoe dropped at rail group, Aurizon late yesterday – 15 days ago it revealed a restructure and slimming of top management jobs – it revealed another write off of its abortive WA iron ore play, more job cuts among employees, and said 2015-16 results would be a bit better than expected.
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