Dividend Caution from Coal Contrador LIAM WALSH Underground Mine Near Mack Ay, and Tougher-Than-Expected RESURGENT Coal Mine Conditionsat Two NSW Mines
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1-.av, .. ., ... 1· 1.unuft.n I � &.VIJ vvn.1LnlYlft.lL... .... Vl'll■ffl Dividend caution from coal contrador LIAM WALSH underground mine near Mack ay, and tougher-than-expected RESURGENT coal mine conditionsat two NSW mines. contractor Mastermyne is Oscar Oberg, a portfolio holding off dividend payouts, manager at Wilson Asset saying it is wary of lenders Management, said that Mas abandoning the mining sector termyne had posted a good during downturns. result, especially in the face of The swinging cyclical such problems. nature of work for mining "They had that as a head services outfits is another wind, but still retained their reason to retain profitsand re guidance," Mr Oberg said frain from shelling out the Mastermyne is still tipping shareholder payouts, Mackay full-year revenues of between based Mastermyne said. ·· $230 million and $250 million, "The stronger companies and earnings (before interest, are the ones who retain strong tax, depreciation and amortis balance sheets," Mastermyne ation) of between $20 million chairman Colin Bloomfield and $23 million. told TheCourier-Mail. Despite some long-term "We don't feel like it's clouds over coal - including strong enough at this point ... Glencore last week announc we don't want to be in a pos ing it would limit production IN DEMAND: Revelian chief executive Cherie Curtis with their job applicant test. Picture: Peter Wallis ition that we ever jeopardised long-term - Mr Oberg said our company." that a bigger sector impact in The decision contrasts with the short-term was demand EMOTIONS AT PLAY IN REVELIAN'S GAME PLAN some large companies splash fromChina and India. THOMAS MORGAN intelligence, a field which is going to ware tested 300,000 job applicants last ing out on dividends this These nations had a "big become more criticalin the future. year for more than 1000 clients and the month, and comes as Master appetite" forcoal, he said. VIDEO games could become common "People with higher levels of (emo company has had strongoverseas inter myne posts a 75 per cent jump Mr Bloomfieldalso said that place in job interviews, thanks to a small tional intelligence) actually interact and est in its new version, called Emotify. in profitsto $3.2 million. more than 50 per cent of Brisbane softwarecompany. communicate more effectively with cli "At the moment, all our offices and It marks another indication Mastermyne's work was for Revelian, which employs 80 people, ents and colleagues," Ms Curtis said team members are based in Australia, of the coal sector swinging coking coal, which is used in has set its sights on being a leader in "It has been identified as one of the but beforethe end of this calendar year back afteryears of stagnation. steel making, and they be testingjob applicants for emotional in most critical skills of the future by the we'll have a team on the ground in the Revenues rose 28.3 per cent lieved this had a positivelong telligence and has already attracted big World Economic Forum, so organis US," Ms Curtis said. to $116.8 million, even with term outlook. name clients such as KPMG and Airbus. ations are more and more realising this Ms Curtis said Revelian's growth is Mastermyne caught up in Mastermyne's cash flowhas Chief executive Cherie Curtis said is something they need fortheir current expected to top 18 per cent in the 2018-19 setbacks at mines, including a improved. The company's bal the company's latest software uses teams," she said financial year, after the company se fire suspending operations at ance sheet has $15 million in games to gauge a person's emotional Previous iterations of Revelian's soft- cured lucrative internationalcontracts. Peabody's North Goonyella loans and $4 million in cash. DONT MISS THE NRL LAUNCH OF THE YEAR Hear from new Brisbane Coach Anthony Seibold on the eve of the 2019 season at the NRL launch event of the year in Brisbane. Hosted by Fox League presenter Yvonne Sampson, the lunch will feature a Q+A with Seibold, plus a panel discussion with the Head Coaches. PWS: • NRL CEO ToddGreenberg • Queensland legendsDarren Lockyer and Gorden Tallis • The Courier-Mail's rugby league expertsPeter Badel. RobertCraddock, Paul Malone and Travis Meyn Monday March 4. 2019 I 12 - 2.30pm Royal International Convention Centre. Brisbane Single ticket: $165 I Tables of 10 available Book now at couriermail.com.au/nrl TRIPL «otttiffmrut .. Ladbrokes I��� I I II We're for ffbtv BCMEOlZOlMA + .