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Business Description: DuluxGroup Limited (DLX) is engaged in manufacturing, marketing, selling and distribution of branded paint, coatings, adhesives, garden care and other building products to the residential home improvement, commercial and infrastructure markets across Australia, New Zealand and Papua New Guinea, China and South East Asia. DLX operates mainly in Paints and Coatings ANZ, Consumer and Construction Products, Garage Doors & Openers, Cabinet Hardware and Architectural Hardware and Other businesses segments.
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.
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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