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Business Description: ASG Group Limited (ASZ) is an IT business solutions provider offering IT management, consulting services, and business intelligence. ASZ provides technology applications and business systems integration to sectors such as government, finance, healthcare, energy and mining. The company is a certified partner with vendors, such as HP, Oracle, Microsoft, SAP and Redhat.
Strategy Analysis: ASZ have made significant progress towards the objective of expanding the Company and broadening its service offerings. The plans called for entry into the SAP market with our traditional services as well as rapidly gaining capability in Business Intelligence and Consulting services. ASZ is alert for an opportunity for one or more acquisitions or mergers to lift them into a size range which will allow them to capture more significant business from multinational IT Services organisations. The huge proportion of IT Services businesses held by foreign companies is mainly a function of the lack of suitably large, genuinely capable, viable Australian players to provide serious competition at the top end of this market. The end objective of ASZ's current strategy is to provide Australian clients with that alternative. .
ASG Group reported a net loss of $6.7m for the half-year ended 31 December 2012. Revenues from ordinary activities were $75.85m, down 0.2% from last year. Basic EPS was (3.66) cents compared to 4.19 cents last year. Net operating cash flow was $10.55m compared to $2.0m last year. No dividend was declared.
The Age 22/05/2013 |
A piece of broker research came out last week that described the budget as a sensible one but an almost suicidal one for a government four months out from an election. Instead of trying to buy votes, it seemed intent instead on putting as many noses out of joint as it possibly could.
The Age 22/05/2013 |
In last week's budget, the government missed what will probably be its last opportunity to make the superannuation system fairer and more sustainable. While the government made some tough decisions, such as reneging on promised tax cuts, one of the fastest-growing expenses is the tax concessions for superannuation.
The Age 22/05/2013 |
Baby, forget the bonus. With tax concessions gone the federal government's budget could also affect your health, writes John Collett.
The Age 22/05/2013 |
Last week's budget was a bit of aho-hum affair on many levels related to superannuation, because most of the changes to the system had been announced back in April. The transfer of the Baby Bonus into an extra (reduced) payment for families eligible for Family Tax Benefit Part A, has drawn the light fairly and squarely on the costs of bearing and raising children. The recent debate about the opposition's Paid Parental Scheme versus the government's less-generous scheme has added fuel to the fire.
The Age 22/05/2013 |
Tradies caught out by the collapse of National Buildplan Group have called for a financial "rescue" package and an investigation into the failure of the company.
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