Tag: BKW
Tenth dividend increase in a row for Brickworks
The usual one cent a share lift in Brickworks' (ASX:BKW) interim dividend tells us the statutory and underlying losses for the six months to January 31 were just all numbers and accounting moves.
Read MoreRBA on rates, Why Australia’s market is globally important, Building sector stocks
Fund Manager Chris Pedersen discusses the overnight rate, macro market concerns, the ten-year bond yield, commodity prices, James Hardie, Reliance WorldWide and Brickworks.
Read MoreHuge Half Year for Soul Patts and Brickworks
Investment company Soul Pattinson had a strong six months to the end of January, lifting profit 38%, and subsidiary Brickworks joined in the fun with a record half-year.
Read MoreStock Snippets: BKW, TNE
Tuesday’s trading session on the ASX saw cautious optimism on the part of Brickworks Ltd and software firm TechnologyOne throw caution to the wind.
Read MoreSoul Patts, Brickworks Deliver as Expected
After New Hope’s recent bonanza, a big rise in the earnings of major shareholders and associated companies Washington H Soul Pattinson and Brickworks was always on the cards.
Read MoreMomentum Building for Brickworks
Brickworks had a very strong six months to January thanks largely to its various investments, with strong revenue and underlying net profit after tax up 269% to $330 million.
Read MoreSolid Results from Soul Patts, Brickworks
The market reacted favourably to strong earnings results from investment group Washington H. Soul Pattinson and its major shareholder Brickworks, pushing both companies’ shares higher on Thursday.
Read MoreConstruction Ban Stymies Brickworks
The current spate of Covid-driven restrictions imposed on Sydney construction activity has forced Brickworks to cut production by around a third and stand down a number of manufacturing staff.
Read MoreBrickworks Foreshadows Record Earnings
An upbeat update from Brickworks on Wednesday which told the ASX that it now expects record-high earnings from its property assets in 2020-21, although sustainability remains uncertain.
Read MoreBKW – Citi rates the stock as Buy
Brickworks’ result was driven by demand for industrial property driving valuations higher, Citi notes. Buy retained, target rises to $23.00 from $22.70.
Read MoreBKW – Morgans rates the stock as Add
The first half result was materially better than Morgans had feared due to stronger contributions from Property and Investments though building products north America (BNPA) was weaker than expected. Add rating and target price increases to $21.60 from $21.00.
Read MoreProperty Trust Arm Saves Brickworks
Brickworks will lift its interim dividend to 21 cents a share after its interim results were saved by its property development arm and not its core building products operations.
Read More“Strong Pipeline Of Work”: Solid Outlook At Brickworks
Brickworks says it has started its new financial year in a positive fashion with its core Australian building products (bricks and tiles) boosting earnings for the first quarter well ahead o the same period in 2019-20.
Read MoreTPG Trick Helps Brickworks Boost Payout
A one-off change of accounting treatment for its indirect holding in telco, TPG saw Brickworks nearly doubled its full-year profit to $299 million and lifted its final payout. It was that boost only that helped Brickworks in a year when sluggish housing activity and the coronavirus pandemic wreaked havoc on its normal operations.
Read MoreBKW – Morgans rates the stock as Hold
Morgans reviews Brickworks ahead of the company’s FY20 result for the July year-end on September 24.
Read MoreBrickworks Cuts Jobs Amid Weak Construction Demand
Brickworks says it has laid off staff as it suffered a 10% slide in its Australian sales revenue over the last four months.
Read MoreBrickworks, Soul Patts Hang Tough On Dividends Despite Headwinds
While coronavirus uncertainty has seen Brickworks join the long list of companies dropping guidance, the interim payout was boosted. Parent Soul Patts has also lifted its interim dividend by a cent to 25 cents a share, despite a 33% fall in NPAT.
Read MoreBKW – Macquarie rates the stock as Neutral
At its AGM, Brickworks noted it expects a short down-cycle for building products locally, with order intake improving in the first half next year. Property should perform well in FY20 from further development completions.
Read MoreBKW – Citi rates the stock as Neutral
Citi notes Brickworks’ FY19 performance beat the company’s own guidance (4% growth versus flat guidance), broadly showing off the inherent resilience that stems from a diversified set of operations. Record earnings from the Property business helped, of course.
Read MoreProperty Earnings Boost Brickworks, Soul Patts Up Payout
Shares in Australia’s biggest brick maker Brickworks jumped more than 6% yesterday despite a weak full-year result. Meanwhile, the weak performance by Round Oak Minerals saw Washington H Soul Pattinson, Brickworks’ major shareholder report a 7% decline in earnings for the year to the end of July.
Read MoreBrickworks, Soul Patts Survive Property Downturn
A strong surge in the contribution from its property business allowed Brickworks Ltd, part of the Washington H Soul Pattinson Group of companies to report a solid improvement in interim net profit for the six months to January 31.
Read MoreInvestment Earnings Underpin Brickworks
Building products group Brickworks’ full-year net profit has more than doubled to $186.2 million, helped by a land sale and increased investment earnings, but not so much its signature building products arm – its brick manufacturing operations.
Read MoreBrickworks Profits Rises 35%
Linked companies, Washington H. Soul Pattinson and Brickworks are major shareholders in each other, and share board members. And they also share a rather parsimonious approach to rewarding shareholders.
Read MoreBrickworks Sees Solid Outlook
Building materials group Brickworks (BKW) has given a bullish outlook for the sector running into 2017.
Read MoreBuilding Boom Boosts Brickworks
Building products and property group, Brickworks Ltd has confirmed it is expecting better than anticipated earnings for the 2015-16 financial year, thanks to buoyant building activity coupled with a higher than expected contribution from its property development arm.
Read MoreBuilding Boom Boosts Brickworks
Brickworks shares fell yesterday despite a record interim profit and higher dividend, all thanks to the booming housing sector.
Read MoreBrickworks Sees Housing Stronger For Longer
Australia’s biggest brick maker, Brickworks (BKW) has rejected claims from some in the building industry that the home building and apartment boom in the eastern states is nearing a peak, with a big drop to follow.
Read MoreBrickworks Sets Itself To Ride Building Boom
Brickworks Ltd (BKW) has lifted its interim dividend despite a slight fall in half-year net profit because it expects to keep reaping the rewards of the current upturn in housing activity, which “shows no sign of easing”.
Read MoreBrickworks To Enjoy Profit Surge In 2015
Thanks to the still high levels of new home and apartment building, Brickworks (BKW) says it’s heading towards the best market conditions it has faced in more than a decade, as the building products group reported a 20.7% jump in full-year net profit to $102.8 million.
Read MoreBrickworks Rides The Housing Recovery
First it was Boral (BLD) with its interim profit, revealing a sharp improvement as the local building boom kicked in – next week it will be CSR no doubt reporting signs of life.
Read MoreBrickworks Sees Building Growth
The impact of the federal government’s stimulus spending has shown up in a first quarter trading update by Brickworks. The country’s leading brick and tile maker.
Read More
