Snippets Corner: 23 November 2009 – RDF, CPA, CAQ, CBD
November 22, 2009
Redflex Holdings Limited (RDF) said that it had been awarded, as a part of a consortium, a $100 million contract to supply cameras and maintenance to the Irish government for the next five years. Redflex has a $16% stake in the contract winning GoSafe Consortium, with Irish company Spectra and French company EGIS Projects SA. Redflex will provide state of the art Image and Infringement Processing System, the company said.
Commonwealth Property Office Fund (CPA) requested an immediate trading halt on its shares be granted pending the announcement of a transaction. The company requested that the trading halt remain in operation until the commencement of normal trading on Wednesday, 25 November by which time it expects to have been able to make an announcement which would enable the trading halt to be lifted.
Cell Aquaculture Limited (CAQ) announced the signing of a Memorandum of Understanding (“MOU”) with an unnamed Malaysian based global multinational organisation, with turnover in excess of $5 billion per annum. The company said the agreement would see Cell Aquaculture commence detailed feasibility, with a view to establishing large scale land based aquaculture production, utilising CAQ’s unique Cell production technologies and vertically integrated ‘Hatch to Dispatch’ business model.
CBD Energy Limited (CBD) announced the acquisition of eco-Kinetics Pty Limited or $13 million. CBD said it has signed a Heads of Agreement for the acquisition, which is subject to financing, due diligence and documentation. The company said eco-Kinetics is a provider of engineering design, supply and installation services to the renewable and sustainable energy markets. CBD said eco-Kinetics is profitable and forecasts to earn in excess of $40 million of revenue for FY10. As a result, CBD expects to be profitable in the second half of FY10.
Commonwealth Property Office Fund (CPA) requested an immediate trading halt on its shares be granted pending the announcement of a transaction. The company requested that the trading halt remain in operation until the commencement of normal trading on Wednesday, 25 November by which time it expects to have been able to make an announcement which would enable the trading halt to be lifted.
Cell Aquaculture Limited (CAQ) announced the signing of a Memorandum of Understanding (“MOU”) with an unnamed Malaysian based global multinational organisation, with turnover in excess of $5 billion per annum. The company said the agreement would see Cell Aquaculture commence detailed feasibility, with a view to establishing large scale land based aquaculture production, utilising CAQ’s unique Cell production technologies and vertically integrated ‘Hatch to Dispatch’ business model.
CBD Energy Limited (CBD) announced the acquisition of eco-Kinetics Pty Limited or $13 million. CBD said it has signed a Heads of Agreement for the acquisition, which is subject to financing, due diligence and documentation. The company said eco-Kinetics is a provider of engineering design, supply and installation services to the renewable and sustainable energy markets. CBD said eco-Kinetics is profitable and forecasts to earn in excess of $40 million of revenue for FY10. As a result, CBD expects to be profitable in the second half of FY10.
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