John Murray

I have taken a few short strolls from Wynard Station to Barangaroo since it was transformed from a complex construction site to a bustling new part of Sydney’s CBD. Recalling how pessimistic some people were about this massive project undertaken by Lendlease I note that the offices are full and... Show More

John Murray

In delivering a full year profit of US$868 million, Woodside Petroleum reaffirmed Perennial Value’s view that it is best in class in the Australian oil and gas sector. Underpinning this was the delivery of its second highest annual production to date, highlighted by record LNG production and reduced unit costs.... Show More

John Murray

Boral is a key holding for Perennial Value, having bought it recently when it was out-of-favour at around $5.20. Boral delivered a sound 9% increase in underlying December half year earnings of $149 million. The interim dividend was also up a very healthy 9% to 12 cents per share, fully... Show More

John Murray

Rio Tinto reported a strong underlying 2016 net profit of US$5.1 billion (versus US$4.6 billion in 2015). Significant cost reductions totaling $1.6 billion were a feature. RIO has cut $7.8 billion in costs since 2012 and aims to deliver US$5bn of free cash flow in productivity improvements over the next... Show More

No comments.