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Programmed Maintenance Services Ltd (PRG.AX)

PRG.AX on Australia Stock Exchange

1.75AUD
26 May 2017
Change (% chg)

$0.03 (+1.74%)
Prev Close
$1.72
Open
$1.71
Day's High
$1.76
Day's Low
$1.69
Volume
771,512
Avg. Vol
772,660
52-wk High
$2.22
52-wk Low
$1.34

Latest Key Developments (Source: Significant Developments)

Programmed Maintenance Services HY profit attributable to members $3.7 million
Tuesday, 22 Nov 2016 05:58pm EST 

Programmed Maintenance Services Ltd - : HY profit for period attributable to members $3.7 million . HY group revenue $1.338 billion, was up 88% .Board has determined to pay interim dividend of 3.5 cents per share fully franked payable on 31 January 2017.  Full Article

Programmed Maintenance lowers FY17 EBITDA forecast to about $100 mln
Wednesday, 28 Sep 2016 06:37pm EDT 

Programmed Maintenance Services Ltd : FY17 EBITDA is now projected to be approximately $100 mln (previous guidance $120 mln) . Net reduction in revenue will lead to lower earnings in year to 31 march 2017 than previous guidance . Net debt is projected to be less than $200 mln at march 2017 . Has concluded that in short term revenue growth in staffing business will now not offset steep decline in marine business .Further redundancies have been made and offshore / marine business has been merged into a single larger operations.  Full Article

Programmed Maintenance Services updates on FY17 forecast
Tuesday, 26 Jul 2016 09:21pm EDT 

Programmed Maintenance Services Ltd : Currently maintain forecast of EBITA between $100 million and $110 million, before nontrading items, for our 2017 year .  Full Article

Programmed Maintenance Services secures infrastructure maintenance contract
Tuesday, 22 Mar 2016 07:00pm EDT 

Programmed Maintenance Services Ltd:Prg secures $1.5 billion infrastructure maintenance contract.Contract, which will involve providing services to seven government agencies, has a maximum duration of 15 years.New contract is expected to generate revenue of between $90 million and $120 million per annum.The new contract will take effect from 1 July 2016.  Full Article

Programmed Maintenance Services says sells vessels for $25 million
Wednesday, 6 Jan 2016 05:38pm EST 

Programmed Maintenance Services:Programmed sells vessels for $25 million.Agreement remains subject to due diligence, bank and board approvals.Remaining vessel is subject to a separate offer from an overseas buyer conditional upon inspection and other normal vessel sale terms.Says proceeds from the sale will be used to retire debt.Current trading performance of broadsword business has weakened and transaction will remove the risk of further volatility in earnings.  Full Article

Westpac Banking Corporation and associated entities becomes initial substantial holder of Programmed Maintenance Services Limited
Monday, 29 Jun 2015 02:52am EDT 

Programmed Maintenance Services Limited:Says that Westpac Banking Corporation and associated entities becomes initial substantial holder of the company effective June 25 with 6,293,980 ordinary shares and 5.30 pct voting power.  Full Article

SKILLED Group Ltd to be acquired by Programmed Maintenance Services Ltd
Tuesday, 23 Jun 2015 07:11pm EDT 

Skilled Group Ltd:Skilled group to be acquired by Programmed Maintenance Services Ltd.Co's shares will be acquired for consideration of 0.55 programmed shares plus $0.25 cash per skilled share.Skilled shareholders to own 52.4 pct. of combined entity post-transaction.In excess of $20m of pre-tax synergies expected within 12 months of implementation Double-digit accretion expected in pro-forma Programmed FY16 and FY17 earnings per share.Says expected transaction completion mid-Oct. 2015.  Full Article

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