“We strive to build long term relationships with our clients by providing quality products and services which are cost effective.”
RACEC Group Limited, the AltX listed rail and electrification infrastructure solution company today announced the award of several multi million Rand contracts, as well as releasing a trading update for the six months ended 31 March 2010. (more…)
RACEC Group Limited, the AltX listed rail and electrification infrastructure solutions company, today announced the details of an agreement which it has entered into with Solethu Investments, a black economic empowerment investment company. (more…)
RACEC Group Limited, the AltX listed rail and electrification infrastructure solution company,
continued to show strong growth during the year ended 30 September 2008, as the rate
of infrastructure investment in its target markets persisted. Its results released today
reflected revenue growth of 78% to R388.9 million (2007: R218.1 million) and operating
profit increased by 67% to R26,6 million (2007: R15,9 million). Headline and diluted
headline earnings per share up 29% and 84% to 16.0 cents (2007: 12.4 cents) and 16.0
cents (2007: 8.7 cents) respectively. Download full report:
Racec Group Limited, the AltX listed rail and electrification infrastructure
solution company, has capitalised on the extensive opportunities in the
infrastructure sector as reflected inits interim results for the six months ended
31 March 2008 released today.
Download RACEC Group Limited Infrastructure Investment Press Release here
RACEC Group Limited, the AltX listed rail and electrification infrastructure solution
company, has announced today, that negotiations are still in progress with Greenbro.
“Through the acquisition of Greenbro, RACEC will effectively broaden its exposure in
the electrification market,” explains Charles Harrod, Chief Executive Officer, RACEC Group.
“The acquisition strengthens our competitive advantages, with its exposure to high growth
niche markets and experienced management, who will be locked in going forward.”
Engineering infrastructure solutions company, RACEC today started trading on
the JSE’s AltX market, with trade opening at 146 cents and shares trading to a
high of 170 cents. Approximately 28 million shares were placed, with several
South African institutions and a broad base of private investors. The private
placement attracted applications totalling more than R500 million, demonstrating
strong interest in the Group’s activities which are poised to benefit from the
ongoing investments into domestic infrastructure, both from the private and
public sectors. With its forecast revenue of R326,0 million for the year ended
30 September 2008, translating into estimated headline earnings per share of
15,9 cents, RACEC opened trade on a forward price to earnings ratio of 9,2 times.
RACEC embarks on Altx listing to fund future growth
Engineering infrastructure solutions company, RACEC today announced its intention
to list on the JSE’s Altx market in the second half of October 2007. RACEC’s listing
presents an attractive investment opportunity in a well established asset which is
poised to benefit from high capital flows into domestic infrastructure.
RACEC has forecast revenue of R211,9 million and R326,0 million for the years
ended 30 September 2007 and 2008 respectively, translating into estimated headline
earnings per share of 7,9 cents and 15,9 cents for these periods.