03/07/2025 09:25

Downer EDI Ltd (DOW) $6.40

DOW has rallied strongly in 2025, with the engineering and infrastructure stock up over 20% year-to-date, even more than CBA! A clear standout in the group, more than doubling from its 2023 lows delivering a strong 1H for FY25, including cutting costs by a whopping $180mn.

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12/12/2024 16:30

Ventia (VNT) $3.33 & Downer EDI (DOW) $5.37

VNT -22.56% & DOW -5.95%: A tough day for both, though Ventia was the harder hit given the allegations are more influential to them. The ACCC announced civil proceedings against divisions of both companies as well as targeting  four senior executives, for “alleged price fixing relating to estate maintenance and operation services for the Department of Defence.   Both firms provide services to Department of Defence under separate billion-dollar contracts.

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14/02/2024 17:02

Downer (DOW) $4.79

DOW +11.14%: the services contractor posted strong 1H numbers, helping to stock crack 52-week highs. Management has been focussing on margins, so while revenue climbed 7%, Earnings (EBITDA) was up 13% to $151m, around 3% ahead of consensus.

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27/02/2023 16:48

Downer (DOW) $3.02

DOW -23.74%: a brutal reaction to a poor 1H result for the facilities contractor as contract losses and a restructure weighed on the outlook. Profit fell 20% to $68m while a $12m post-tax hit will be taken in the 2H following a revenue recognition error on an ongoing contract.

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08/12/2022 17:11

Downer (DOW) $3.82

DOW -20.42%: The contractor came clean this morning about an accounting issue, having incorrectly recognised revenue from a long-term, maintenance contract to the tune of $40m. As a result, they cut FY earnings guidance by $8-10m and had to explain away issues with their internal systems that led to the embarrassing mess. While it will have...

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12/08/2021 08:49

Reporting Today (GMG, MGR, DOW, QBE, WPL, TLS, NAB, AMP)

Telstra (TLS) FY21 Result: The headline act today and it looks a solid one, plus the commentary from CEO Andy Penn is bullish. At the top line, revenue of $23.1bn was a shade below expectations for $23.5bn, EBITDA of $7.4bn as expected, NPAT of $1.9bn inline with expectations and the dividend confirmed at 16cps. EPS was better at 15.4c v 13.5c expected and they announced a $1.35bn on market buy back. FY22 guidance is for underlying EBITDA of $7-7.3bn, the market is already at $7.4bn so slightly below in terms of guidance, but should be okay.

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28/04/2021 16:48

Downer (DOW) $5.71

DOW +7.33%: The global contractor Downer was higher today after announcing it would buy back up to 10% of its stock.

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