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Tuesday 10 November 2015 by FIIG Research Company updates

Company updates - Dicker Data, SCT Logistics and Virgin report and Coffey takeover update

Dicker Data has upgraded its earnings guidance, Virgin continues to improve and Alen Golubovic, the FIIG analyst met with SCT Logistics Chief Financial Officer. In other news, Coffey released full details of the takeover offer from Tetra Tech

Coffey - Bidder/Target statement released

Published 9 November 2015

Coffey has released Bidder and Target statements with full details of the takeover offer from Tetra Tech. While conditional and subject to a high 90% take-up, it is the core expectation that the deal will go ahead. The outcome of the offer will be known in mid-December. For the full update please click here.

Dicker Data 3Q15 - Earning upgrade

Published 4 November 2015

Dicker Data has announced an upgrade to its earnings guidance for FY15 in its third quarter reporting. This upgrade is from $30.9m to $31.5m. DDR continues to benefit from synergies and increased scale from its acquisition of Express Data which has improved overall efficiency. For a more detailed summary and to access the official company presentation please click here.

SCT Logistics update – audited FY15 and unaudited 1Q16 results

Published 6 November 2015

SCT Logistics has reported positive September quarter performance with volumes ahead of plan. The company has also released its audited FY15 financial results. Recently, Research analyst Alen Golubovic met with SCT Logistics’ CFO Michael Fiteni to discuss the results. Fiteni also provided a general business update, for a summary of this and a more detail on SCT’s performance please click here.

Virgin turns around to profitability in 1Q16

Published 6 November 2015

Last week, Virgin announced that 1Q16 was profitable. When compared to its previous first quarter performance in FY15, the airline has reported a $73.3m improvement for 1Q16. Its low-cost carrier, Tigerair also delivered significantly improved performance, recording positive earnings before interest and tax (EBIT) of $0.4m. For a more detailed summary of the quarterly results please click here.

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