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Business Description: DuluxGroup Limited (DLX) is a manufacturer and marketer of branded products, mainly in coatings, home improvement, and garden care markets. DLX has four main segments namely Paints Australia, Paints New Zealand, Selleys Yates and Offshore. The operations are conducted in Australia, New Zealand, Papua New Guinea, South East Asia and China.
Strategy Analysis: DLX's strategy to protect and expand the market leading positions occupied by many of its brands in Australia and New Zealand. DLXÂ´s focus is primarily on the premium end of the decorative paints and coatings market, ensuring a level of resilience during periods of weaker economic conditions. The acquisition of Alesco adds leverage to a recovery in new housing. The company has built an extensive distribution network of retail outlets through strong relationships with key players in the hardware and supermarket sectors.
DuluxGroup reported NPAT down 4% to $89.49m for the year ended 30 September 2012. Revenues from ordinary activities were $1.07bn, up 7% from last year. Diluted EPS was 24.3 cents compared to 25.7 cents last year. Net operating cash flow was $116.53m compared to $85.44m last year. The final dividend declared was 8.0 cents, taking the full year dividend to 15.5 cents compared with 15.0 cents last year. On 30 April 2012, the group acquired 19.96% of the shares in Alesco Corporation for a cash consideration of $37.6m. The interest was acquired preceding the group's off-market takeover offer for the remaining shares in Alesco announced on 1 May 2012. Transaction costs of $3.6m associated with this takeover offer are included in the results of the group for the financial year ended 30 September 2012. These costs are primarily related to consulting and legal fees.
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?
The Age 19/12/2013 |
Ten Network's programming ambitions will be funded by a $200 million loan guaranteed by three of its billionaire owners, as the free-to-air broadcaster declared digital was the future and pointed to early signs that its switch to an older market demographic was working.
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