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Deloitte SA E&R Index - a standout performance


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Tuesday, 5 April 2011: The Deloitte SA E&R Index (which comprises of South Australian listed E&R companies) over- performed in comparison to the equivalent S&P/ASX Indices for the 12 months ended 31 January 2011 increasing by 10.6% compared to a 9.0% increase in the Energy, Utilities and Metals & Mining S&P/ASX indices (on a simple average basis).

Deloitte South Australian Energy & Resources Partner, Jason Handel said the Deloitte SA E&R Index includes forty-one companies in the mining and resources sector.

“The standout performance of the Deloitte SA E&R Index is due to the strong performance of critical stocks such as Santos Limited and Beach Energy Limited.”

“Excluding Santos the Deloitte SA E&R index increased by 25.3% over the twelve months to 31 January 2011. This indicates that the smaller entities within the index have continued to regain ground lost in the recent quarterly reviews,” Jason Handel said.

Quarterly movements

The Deloitte SA E&R Index increased by 16.1% during the three months to 31 January 2011, with the total capitalisation increasing by approximately $2 billion from $13.424 billion to $15.399 billion. This is the first quarterly review in four quarters where the Deloitte SA E&R Index has outperformed the broader indices.

The report highlights the increase in the Deloitte SA E&R Index for the three months ended 31 January 2011 was predominately driven by the increase in the market capitalisation of Santos Limited, Beach Energy Limited and Flinders Mines Limited.

The report also shows share price performance of constituents of the E&R Index was mixed with the share price of several companies improving over the three month period.

Six month movements

The Deloitte SA E&R Index increased by 19.8% during the six months to 31 January 2011, compared to the comparable S&P/ASX Indices which increased by 9.5% over the same six month period (on a simple average basis).

“Excluding Santos the Deloitte SA E&R index increased by an astronomical 73.5% over the six months to 31 January 2011. Again, this indicates that the smaller entities within the index have continued to regain ground lost in the recent quarterly reviews,” Jason Handel said.

S&P/ASX Indices Analysis

At the national level the best performing sector within the E&R industry over the three months to 31 January 2011, on a total market capitalisation basis was the Energy sector, which recorded an increase of 4.6%. This compares to the Metals & Mining sector which increased 4.2% and the Utilities sector which decreased 4.1%.

Other Information

The Deloitte SA E&R Index is compiled from publicly available information provided by the Australian Securities Exchange Limited (ASX) on 31 January 2011, and is based on the market capitalisation weighted share price performance of each South Australian listed E&R company, and those companies with an industry classification of Energy, Utilities or ‘Metals & Mining.’

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Contacts

Name:
Dawn Willis
Company:
Deloitte Australia
Job Title:
Corporate Affairs and Communications Manager
Phone:
Tel: +61 2 9322 5562
Email
dawillis@deloitte.com.au
Name:
Jason Handel
Company:
Deloitte Australia
Job Title:
Partner, Assurance & Advisory
Phone:
Tel: +61 8 8407 7148
Email
jhandel@deloitte.com.au

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