CML Group launched a new issue while its existing floating rate note became available to retail investors, Impact Homes’ expects to at least meet its FY16 forecasts, NextDC confirms development of two new sites and Mackay Sugar forecasts a return to profit in FY17
Ausdrill
Ausdrill has signed a sale and purchase agreement to sell its drilling tools business for $66m to Finnish drilling manufacturer Robit plc.
More information is available here
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BlueScope Steel
BlueScope expects significantly improved earnings for the half year to 30 June 2016.
More information is available here.
CML Group
CML Group launched a new issue on 19 May, with a $15m fixed rate senior secured bond due March 2022. Its existing $25m May 2021 floating rate senior secured bond is now available to retail investors.
More information is available here.
Impact Homes
Impact Homes has provided a 3Q16 update. The group is performing in line with budget and expects to meet or surpass its FY16 EBITDA forecast of $17.2m, a circa 40% increase on FY15.
More information is available here.
NextDC
As noted in the February half year results, NextDC highlighted its intention to develop its second data centres in Brisbane and Melbourne. This adds up to 31MW of IT load capacity to its national network, driven by continued strong demand.
More information is available here.
Mackay Sugar
The board at its April meeting approved the budget for year ending 31 May 2017, forecasting a profit of $8m. This compares to an expected net loss of $18.5m for FY16 (FY15 net loss $11.4m). The losses were driven by decreased sugar prices and unfavourable harvest conditions.
More information is available here.