This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Deloitte SA Index underperforms ASX 200 in March 2012 quarter


DOWNLOAD  

10 May 2012: The Deloitte South Australian (SA) ASX Index increased by 6.3% during the three months to 31 March 2012. This compared to an increase of 20.0% in the previous quarter.

Deloitte Corporate Finance Partner Adrian O’Dea said: “The March quarter for the Deloitte Index’s 72 South
Australian listed companies was slightly weaker compared to the S&P/ASX 200 Index, which increased by 6.9% in the same period.”

“Over the 12 months to 31 March, the Deloitte SA Index increased 6.6% while the ASX 200 has decreased 10.4%.”  

Major SA ASX company movements

Santos was the largest positive contributor to the Deloitte SA Index in the March 2012 quarter, with its share price increasing by 8.2% as oil prices increased.

Boart Longyear experienced share price increases in the quarter after recording an 89% increase in earnings per share. The company contributed 3.6% to the Index.

Beach Energy was also a significant contributor, with the company’s share price performance continuing to be driven by its takeover of Adelaide Energy and a strong net profit result. Beach Energy contributed 1.3% to the Index.

On an absolute share price performance basis, the companies that recorded the largest percentage share price increases in the March 2012 quarter were:

  • Core Exploration (up 252.9%)
  • Archer Exploration (up 195.7%)
  •  Sundance Energy Australia (up 90.4%).

The companies that recorded the largest percentage share price decreases for the quarter were:

  • Mnet Group (down 36.0%)
  • Earth Heat Resources (down 35.9%)
  • ERO Mining (down 35.7%).

Initial Public Offerings, Index Additions and Removals

Two companies were added to the Deloitte SA Index in the quarter:
• Meridien Resources, which changed its registered address to South Australia
• Redgum Resources, which floated on the ASX in the quarter.

As a result of takeovers in the previous quarter, the following companies were removed from the Index on 31 December 2011:
• Adelaide Energy, which was taken over by Beach Energy
• Geothermal Resources, which was taken over by Havilah Resources.

Two companies entered administration in the quarter and so were removed from the Index:
• Coonawarra Property Trust on 15 March 2012
• Prince Hill Wines on 26 March 2012.

Two companies were also removed from the Index from the last quarter due to changing their registered office address:
• Novarise Renewable Resources International
• Reclaim Industries Limited.

The full Deloitte SA Index and a full company-by-company breakdown can be found in the attached media release. 

Last Updated: 

Contacts

Name:
Simon Rushton
Company:
Deloitte
Job Title:
Corporate Affairs and Communications
Phone:
Tel: +61 2 9322 5562
Email
srushton@deloitte.com.au
Name:
Company:
Job Title:
Phone:
Email

Share

 

 

Follow us



 

Talk to us