Past year: ▲ 43%(3.82 – 6.03 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
2 Aug 2007asset acquisition disposition▲ GoodMajor
New Hope completed buying the other 50% of Queensland Bulk Handling, the Port of Brisbane coal terminal that exported 4.2 million tonnes last year, taking it to 100%. It also hired a Chief Operations Officer and a Saraji Project Executive for the proposed New Saraji underground mine.
6 June 2007resource reserve update▲ GoodMajor
Marketable coal reserves rose 280% to 245 million tonnes and total resources 25% to 1,687 million tonnes. Saraji East inferred coking coal rose 226 million tonnes to 678 million. Acland Stage 3 was granted Project of State Significance status in May 2007.
24 May 2007quarterly activities report● Neutral
April 2007 quarter: production rose despite Jeebropilly closing, as Acland Stage 2 came on early; coal sold fell 8% on export shipment timing. Tarong's option deadline was extended at its request from 30 June to 30 September 2007.
29 Mar 2007investor presentation● Neutral
Analyst briefing repeats the half-year result, the completed Acland Stage 2 ($59 million), the Tarong option (due 30 June 2007) and Arrow stake worth $160.6 million at 16 March against $64.8 million cost. No new facts evident in the text shown.
21 Mar 2007half year report● Neutral
Half-year profit to January 2007 was $40.1 million, steady on $40.3 million, with revenue down 9.1% to $123.1 million on lower export volumes and higher costs. A $6.6 million land-sale profit helped. Interim dividend 2.1 cents. Acland Stage 2 finished at $59 million.
21 Mar 2007half year report● Neutral
Media release repeats the half-year result: profit $40.1 million, Acland Stage 2 done early and under budget at $59 million. Acland resources are 791 million tonnes; Tarong decides by 30 June. Arrow stake (18.56%, cost $64.8 million) shows a $58 million unrealised gain. Second-half profit is expected to be lower.
26 Feb 2007quarterly activities report● Neutral
Jeebropilly mine stopped mining on 16 February 2007 after 25 years. Six-month coal sold fell 8% on shipment timing. Acland Stage 2 is on time and budget for April, and New Hope says it has met all conditions for the Tarong option.
17 Nov 2006quarterly activities report● Neutral
October 2006 quarter saleable coal fell 6% to 902,000 tonnes owing to a planned two-week Acland wash plant closure. The Stage 2 expansion remains on budget for April 2007; Jeebropilly closes in February 2007.
16 Nov 2006agm notice▲ Good
Chairman's AGM address repeats the 2006 results and progress. A draft ACCC clearance and a private tax ruling have been obtained for the Tarong option; the Saraji East pre-feasibility study is next.
16 Nov 2006agm notice● Neutral
AGM results: remuneration report adopted, and Bill Grant and David Williamson re-elected as directors, all on a show of hands.
5 Oct 2006investor presentation● Neutral
Analyst briefing repeats the annual results and covers exploration, Arrow (about 18.4% held, $48 million invested) and the Tarong option, decided by 30 June 2007. If taken up, Acland output would rise to 8.7 million tonnes a year.
26 Sept 2006annual report▲ Good
Year to July 2006 profit from continuing operations rose 29.3% to $68.7 million. Final dividend is 2.5 cents plus a special 4.5 cents. Exploration spending rose 115% to $9.0 million; the prior year included a large gain on selling the overseas operations.
26 Sept 2006other▲ Good
Media release repeats the annual result: profit $68.7 million, dividends 2.5 cents plus 4.5 cents special. Notes Arrow stake at 18.85%, Arrow board seat for David Williamson, and Saraji East inferred coking coal resource of 452 million tonnes.
28 Aug 2006quarterly activities report● Neutral
Year to July 2006 coal sold rose 9% to 3.775 million tonnes. Acland Stage 2 wash plant construction began, Jeebropilly mine closes late 2006 or early 2007, and ACCC and tax ruling applications for the Tarong option were lodged. Resource drilling is complete.
26 July 2006asset acquisition disposition● NeutralMajor
New Hope bought a 19.9% stake in coal seam gas producer Arrow Energy from Macquarie Bank for $48.5 million cash, becoming its largest shareholder. This diversifies the group beyond coal; it seeks board representation.
14 June 2006material agreement▲ GoodMajor
Tarong Energy was granted an option to buy 5.7 million tonnes a year from New Acland for 25 years from 2011. It depends on proving enough coal, ACCC and tax clearance, and Tarong choosing New Acland by 30 June 2007.
30 May 2006resource reserve update▲ GoodMajor
Quarterly report with an updated coal resource statement as at 1 May 2006: about 1,349 million tonnes in total, with recoverable reserves of 126 million tonnes. Lenton was upgraded; Sedgman will build the Acland Stage 2 plant. Nine-month coal sold rose 10%.
25 May 2006director officer appointment● Neutral
Bill Grant, former South Bank Corporation CEO, joins as non-executive director and independent Audit Committee member. This appears aimed at the Audit Committee breach flagged in February (inference).
11 Apr 2006investor presentation● Neutral
Broker presentation repeats the half-year result and outlines Acland Stage II expansion and Central Queensland coking coal exploration at Lenton and Saraji East. Cash of over $400 million is earmarked for growth; Soul Pattinson holds 61.6%.
29 Mar 2006half year report▲ Good
Half-year profit from Australian operations rose 79.9% to $40.3 million on revenue of $135.4 million. Interim dividend is 2.0 cents, down from 2.75 cents. Overseas operations were sold in June 2005, so the prior-year comparison is distorted.
29 Mar 2006other▲ Good
Media release repeats the half-year result: profit $40.3 million, cash $412 million after $180 million returned to shareholders. It adds that negotiations began to sell the 33.3% stake in woodchip exporter Queensland Commodity Exports after a firm offer.
24 Feb 2006listing compliance notice▼ Bad
New Hope disclosed it breaches ASX Listing Rule 12.7 on the composition of its Audit Committee and aims to fix this by 26 May 2006.
23 Feb 2006quarterly activities report● Neutral
Six months to January 2006: saleable coal steady at 1.823 million tonnes, while coal sold rose 23% to 2.035 million tonnes on early shipping and stock sales. Acland gave 74% of output; second-half sales are expected to be lower.
