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Business Description: Ansell Limited (ANN) is a global provider of health and safety protection solutions. ANN designs, develops, manufactures and distributes a range of surgical, examination, industrial and household gloves, protective clothing and condoms. Currently, ANN operates four main business divisions which are medical, industrial, single use and sexual wellness.
Strategy Analysis: ANN is focused on developing new and innovative products, new distribution channels and growing market share. Cost cutting, manufacturing rationalisations, and shifting its portfolio of products towards higher margin items aim to offset input cost pressures. ANN is shifting away from producing commoditised products with no pricing power to producing patentable products which avoid the commodity trap. Revenue growth is typically modest, in response ANN looks for new emerging markets, such as China and Eastern Europe for sales. ANN is also mindful of the necessity to invest in research and development in order to develop more patentable products, such as the highly successful Hyflex range.
Ansell reported NPAT down 15.3% to $55.0m for the half-year ended 31 December 2012. Revenues from ordinary activities were $627.9m, up 5.1% from the same period last year. Diluted EPS was 41.8 cents compared to 49.2 cents last year. The net operating cash inflow was $44.8m compared to an outflow of $16.7m in the pcp. The interim dividend declared was 16 cents compared with 15 cents last year.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
â€śIf you want to have a better performance than the crowd, you must do things differently from the crowd.â€ť Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
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