Netrex Capital Markets’ Post

Costain Group PLC has reported a solid improvement in profitability, with pre-tax profit doubling to £17m in the first half of 2024. Operating profit also saw a significant increase to £13.9m, reflecting the company's strategic progress. Revenue softened slightly by 4% to £639.3m, with the #Transportation division experiencing a decline, while the #NaturalResources division saw a 10% revenue increase. The board remains confident in Costain's performance, aiming to meet operating margin targets for this year and beyond. Chief executive Alex Vaughan highlighted the company's strong performance, growth in earnings per share, and significant increase in operating profit. With a net cash balance of £166m and a forward work position of £4.3bn, Costain is well-positioned for future success. The company's focus on delivering industry-leading solutions, maintaining long-term customer relationships, and strategic growth in key markets has positioned them for continued success. With contract wins across all sectors and a positive outlook for the second half of the year, Costain is poised for further growth and continued improvements in their business. Read more: [https://lnkd.in/e4fSQRBu] The Construction Index Ltd

🤝 𝗪𝗲𝗲𝗸𝗹𝘆 𝗪𝗿𝗮𝗽 𝗼𝗳 𝗠&𝗔 𝗱𝗲𝗮𝗹𝘀 🤝 Lendlease will sell its US military housing business to Guggenheim Partners Investment Management for $480m. Saudi aramco and ADNOC Group have reportedly been considering separate takeover bids for Santos Ltd. Origin Energy acquired a 20% stake in Climatech Zero. Whiteoak Growth Fund acquired a majority stake in Datanova Cloud. Moelis & Company Australia is exploring options for the $500m sale of Contract Resources Pty Ltd. David Ellison's Skydance has reached an agreement to buy National Amusements, including its controlling stake in Paramount Global, owner of Australia's Network 10. Motorola Solutions purchased Noggin, a Sydney-based company that offers cloud-based software for business continuity and operational resilience. Anacacia Capital is looking to acquire 80% of MGI Golf for close to $100m. I-MED Radiology Network, Australia’s largest diagnostic imaging company, is acquiring US-based StatRad. Opal Healthcare is considering a sale and has hired Morgan Stanley to explore options. Get a full round-up of the day’s deals in your inbox each morning — sign up at letterofintent.com.au

# Only Put Off Until Tomorrow What You Are Willing to Die Having Left Undone ## Seize the Opportunity to Grow Your HSA with Arcosa's Acquisition! In a strategic move, Arcosa, Inc. ACA has recently acquired the construction materials business of Stavola Holding Corporation and its affiliated entities for a staggering $1.2 billion, expanding its market presence and enhancing its growth potential. This acquisition comes hot on the heels of ACA's successful divestment of its steel components business in August 2024. The synergies brought about by this buyout are expected to deliver substantial benefits for Arcosa. The transaction was financed through a $600 million 6.875% Senior Note issuance, demonstrating the company's confidence in the long-term prospects of this venture. As an experienced investment advisor, I encourage you to act now to leverage this opportunity and maximize the growth potential of your Health Savings Account \(HSA\). By participating in the dynamic healthcare and construction materials sectors, you can secure a diversified portfolio that aligns with your financial goals. Remember, investing in healthcare not only strengthens your HSA but also supports the well-being of yourself, your family, and society as a whole. Don't let the Fear of Missing Out hold you back from capitalizing on this exciting investment pathway. Take action today and unlock the power of your HSA to build a healthier and wealthier future. Let's embark on this journey together! 💪💼📈 #hsa #investing #healthcare #health #family #wellness 🌱🏥🏠💰

📈 The activity surrounding new #tanker contracts has experienced a notable surge in interest throughout 2023, culminating in 394 formalized orders, a peak not observed since 2015. A significant portion of these acquisitions has been concentrated on #MR2 and #Aframax/ #LR2 segments, amassing orders for 109 and 93 vessels, respectively. The #Suezmax sector also witnessed robust contracting with 54 vessels, whereas the VLCC segment saw a more modest completion of 18 orders. However, this trend did not continue into January 2024, which saw a reduction in activity, especially among larger vessel sizes, although MR2 vessels still dominated the interest with 24 contracts. Into the first three weeks of February, there has been a resurgence of interest in crude carriers, highlighted by 8 #VLCCs being commissioned. The outlook for newbuilding tanker operations remains optimistic for 2024, buoyed by favorable rates, fleet modernization efforts, and historically low delivery levels, providing ample space for fleet growth. This year is particularly significant in terms of delivery volume, marking the lowest volume of deliveries in over three decades. Specifically, the total dwt scheduled for delivery in 2024 is approximately 9.18 million tons, the lowest since 1990. This trend is especially pronounced in the crude sector, with a mere 3.49 million dwt expected, setting a record low, with the previous low in 2015 at 8.42 million dwt. #marketanalysis #research #shipping #shippingindustry

Tomorrow we will present our results for the first quarter of 2024! Today was the turn of HOCHTIEF, which during the first quarter of the year increased net profit by 16% on a like-for-like basis, reaching €142 million. Sales increased by 9% year-on-year, driven by all divisions, and the backlog stood at 58.7 billion euros, an increase of 6.9 billion euros compared to the previous year. ACS Group and Hochtief CEO Juan Santamaria noted, "Hochtief has achieved a positive start to 2024 with strong growth in sales, new orders and the Group's backlog, as well as higher profits." More information at: https://lnkd.in/d3UFr2cB #Buildingabetterfuture #OneGroupOneTeam Turner Construction Company, CIMIC Group Limited, Dragados SA, Flatiron Construction, Iridium Concesiones de Infraestructuras, S.A. , Abertis

Blackstone’s purchase of AIR Communities (NYSE: AIRC) for $10 billion, 25% above last trading price following our L&B’s engagement with the company, including a board refresh, highlights the benefits of enhanced corporate governance and shareholder engagement. This deal – and Blackstone’s activity on the M&A front – underscores the discount between the value of real estate assets in the public and private markets. We except more action to come.   https://lnkd.in/eTjMqj7x

🚚💨 When This Truck Rolls Up, We Get to Work! Expect nothing but excellence when you see the Capital truck on your site. We're ready to dive in, get to work, and get the job done right. No delays, just results. #CapitalPaving #QualityConstructionbyQualityPeople #MoreThanJustPaving #40YearsandCounting #CanadasBestManagedCompanies

📢📢EUA Utility Networks Members: Steve Vick International Ltd & Wales & West Utilities 👇👇🎉 👉Wales & West Utilities (WWU) has proudly announced the acquisition of 128 trailers from industry leader Steve Vick International (SVI) over the past three years, significantly enhancing operations for its gas mains replacement programme across Wales and the south west of England. 👉These acquisitions are a testament to WWU's commitment to reducing environmental impact while enhancing operational efficiency across its network in Wales (Cardiff, Llandarcy, Wrexham), Central (Bristol, Swindon Bridgwater), and South West (Exeter, Plymouth, Redruth) regions. 👉The strategic partnership between WWU and Steve Vick International is a critical building block in WWUs long term plans for improvement and transformation of gas transportation across its distribution network. The Hexi Trailer's introduction marked a significant leap forward in their sustainability goals, enabling WWU to substantially reduce pipe wastage while maximising the benefits of insertion techniques. Read full details https://lnkd.in/ek7ZgcEc

AerCap Announces New Engine Order, New Share Repurchase Authorization and First Cash Dividend at Capital Markets Day in New York. Read the full press release here: https://lnkd.in/dVPkz4as #WeAreAerCap #NeverStandStill #AerCapCapitalMarketsDay2024

Majestic Corporation plc (AQSE:MCJ) is entering a new phase of growth. We’re excited about our plans for the future and look forward to sharing our progress with our customers, investors, and the wider community.   What we do is a vital part of the engine behind so much of what powers society, our day-to-day lives, and the circular economy.    From creating the phones that let you read these LinkedIn posts to manufacturing the vehicle components that take you to work and helping build the energy infrastructure that powers your home – we sustainably provide the critical materials that make these essential parts of our modern world possible. #MCJ #Majestic #CircularEconomy #Sustainability Aquis Stock Exchange, Guild Financial Advisory, UK Investor Group, Proactive Andrew Joe Lionel Peter Jonathan Ross John