Past year: ▲ 43%(3.82 – 6.03 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Mar 2013half year report▼ Bad
Half to 31 January 2013: profit before tax $93.2m (-8.5%) and net profit $68.8m (-31.9%, the prior half had a one-off tax benefit). Revenue fell 16.9% to $322.9m. Interim dividend unchanged at 6c. Cost-cutting continues against weaker prices and a higher A$.
15 Nov 2012other● Neutral
AGM presentation repeating the full-year results, record production and 31c dividends. It stresses over $1.5bn cash with virtually no debt and a challenging year ahead. No new major information evident.
14 Nov 2012regulatory community update● NeutralMajor
New Hope unveiled a scaled-back New Acland continuation plan to run the mine to about 2029, with production at least 25% below the originally proposed 10 Mtpa. Without it, closure would come in 2017. It still needs environmental assessment.
9 Oct 2012director officer appointment● Neutral
Ian Williams, a commercial lawyer with 25 years in energy and resources, is appointed non-executive director from 1 November 2012. He joins alongside Sue Palmer, who was appointed in September.
27 Sept 2012listing compliance notice▼ Bad
ASX queried a late Appendix 3Y for Robert Neale's change of interest on 1 August 2012, lodged after the 9 August deadline, and asked why. Possible listing rule breach; it is a compliance query only.
18 Sept 2012annual report● Neutral
Media release on the full year: record 6.29 Mt production, $171.1m profit before one-offs, $1.5bn cash, and a 5c final plus 20c special dividend. New Hope is reviewing the pace of its development projects after weaker coal prices and a strong Australian dollar.
18 Sept 2012annual report▲ GoodMajor
Year to 31 July 2012: revenue $767.5m (+15.9%); profit before non-regular items $171.1m (+16.4%); net profit $167.1m versus $503.1m last year, which included the Arrow and Lenton sale gains. Final dividend 5c plus special 20c. Chairman expects a challenging year ahead.
18 Sept 2012investor presentation● Neutral
Full-year results presentation repeating the $171.1m operating profit, record 6.29 Mt production and 31c total dividends. No new major information evident from the text provided.
7 Sept 2012director officer appointment● Neutral
Sue Palmer, a chartered accountant and former Thiess CFO, is appointed non-executive director and Audit Committee chair from 1 November 2012. This fills the role left vacant by David Williamson's death in July.
1 Aug 2012resource reserve update▲ GoodMajor
Updated JORC statement at 31 March 2012: resources up 64% to 2,511 Mt and reserves up 38% to 753 Mt since March 2011, mainly from the newly acquired Northern Energy deposits and extra Lenton resource. Up to 23.9% of Acland reserves could be lost to cropping-land rules.
26 July 2012asset acquisition disposition● NeutralMajor
New Hope will make an off-market takeover bid at $0.41 cash per share for the rest of unlisted oil producer Bridgeport Energy, valuing it at $76m fully diluted. Maximum cost to New Hope is about $45m. Independent directors recommend acceptance, subject to the independent expert's opinion.
17 July 2012production update▼ BadMajor
New Oakleigh mine at Rosewood will stop mining in early 2013, at the end of its productive life; 2012 output was only 350,000 tonnes. About 30 employees are being redeployed where possible. West Moreton production falls as a result.
16 July 2012director officer appointment▼ Bad
Non-executive director David Williamson died on 11 July 2012. He had been a director since 1999 and chaired the Audit Committee. No replacement is mentioned in the announcement.
20 Mar 2012half year report▲ Good
Media release on the half: operating profit $101.1m, up 25%, with $1.4bn cash and a 6 cent dividend. Resources rose 20% to 2,498 Mt after 387 Mt of extra inferred Lenton resource. Plan to double production over 5-7 years is unchanged.
20 Mar 2012investor presentation● Neutral
Half-year results presentation repeating the $101.1m operating profit, 3.2 Mt production, 6 cent dividend and 2,498 Mt resources. Notes new three-to-four-year wage agreements at 4-5% a year. No new major information evident.
20 Mar 2012half year report▲ Good
Half to 31 January 2012: operating profit $101.1m, up 24.7%, on revenue $388.5m. Interim dividend 6 cents, fully franked, payable 2 May 2012. The remaining 19.2% of Northern Energy was bought for $50.2m.
1 Mar 2012other● NeutralMajor
The formal sale process begun on 5 October 2011 has ended without a definitive proposal reflecting New Hope's strategic value. The board will continue as an independent company focused on growth, resolving the takeover speculation with no deal.
28 Feb 2012other▲ Good
Profit guidance for the half to 31 January 2012: net profit $96-101m, 18-25% above the prior operating result but about 75% below the $407.4m that included the Arrow sale gain. Full results due 20 March 2012.
16 Feb 2012regulatory community update▲ Good
The competition regulator finalised authorisation for 15 years of collective bargaining by New Hope and other miners with Dudgeon Point and QR Network, covering Dudgeon Point and Abbot Point. This confirms the earlier drafts and removes a legal risk for port and rail talks.
15 Dec 2011regulatory community update● Neutral
The competition regulator proposed letting New Hope and other miners bargain jointly with the Dudgeon Point terminal operator and QR Network, for 15 years. Draft determinations only; they follow the similar Abbot Point draft.
8 Dec 2011regulatory community update● Neutral
The competition regulator proposed allowing New Hope and other miners to bargain jointly with QR Network for rail access to Abbot Point, for 15 years. A draft only, not a final decision.
2 Dec 2011contract award▲ Good
North Queensland Coal Terminals, which New Hope founded with Macarthur, Peabody, Carabella and Middlemount, became Preferred Respondent for 30 Mtpa of Abbot Point capacity. This gives only a right to negotiate a framework agreement, a first step towards port access for Central Queensland projects.
11 Nov 2011capital raising announcement● Neutral
Planet Gas, in which New Hope holds 19.9% via Hueridge, offers a share purchase plan at $0.026 per share, about a 20% discount. Hueridge will subscribe on the same terms to maintain 19.9%. Funds go to coalbed methane and Cooper Basin work.
5 Oct 2011other▲ GoodMajor
New Hope says it has received several preliminary, incomplete proposals about a possible change of control and will run a formal process for potential bidders over several months. It may or may not produce a proposal. Pitt Capital and Baker & McKenzie are advising.
29 Sept 2011business combination● NeutralMajor
New Hope, holding 98.55% of Northern Energy, gave notice that it will compulsorily acquire the remaining shares at $2.00 cash. Holders who accept the offer get paid sooner; compulsory payment is expected to take 4-6 weeks.
22 Sept 2011business combination● Neutral
Northern Energy's target's statement: its independent directors recommend accepting New Hope's $2.00 cash offer, in the absence of a superior proposal. It includes an independent expert's report. New Hope's own directors stayed out of the board's deliberations.
20 Sept 2011investor presentation● Neutral
Full-year results presentation repeating the $503.1m profit, 20% fall in underlying profit, record 5 Mt exports and Northern Energy holding of 98%. No new figures evident beyond the results release.
20 Sept 2011annual report▲ GoodMajor
Media release on the 2011 result: $503.1m profit, with underlying profit down 20% to $146.9m on weather impacts. Plans to double coal production over 5-7 years, using about $1.5bn of excess cash, subject to approvals. FY2012 guidance about 6.0 Mt. Northern Energy now over 98%.
20 Sept 2011annual report▲ GoodMajor
Year to 31 July 2011: profit $503.1m (up 174%), helped by the Arrow and Lenton sales; profit before non-regular items fell 20.1% to $146.9m. Final dividend 5c plus special 15c, fully franked, payable 8 November 2011.
12 Sept 2011business combination● Neutral
ASIC gave Northern Energy until 22 September 2011, seven extra days, to lodge its target's statement on New Hope's bid. Independent directors advise holders not to accept until they receive it. Procedural only.
