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Business Description: Guinness Peat Group Plc (GPG) is an investment holding company with a diversified range of strategic interests in a number of businesses, mainly in Europe and Australasia. GPG invests in sectors including financial services, food processing, building materials, property development and pub operators. GPG also owns 100% interest in Coats plc, a provider of industrial yarns and threads and textile consumer crafts. GPG operates two divisions namely, Thread manufacture and Investment.
Strategy Analysis: GPG makes selective investments, predominantly in public companies, for the purpose of enhancing and realising value by means of appropriate levels of shareholder influence and control. This could involve the restructuring of the financing or management of the companies in which GPG invests. GPG's role may also encompass initiating and facilitating mergers within the relevant industry to achieve constructive rationalisation. In general, this active involvement is outside the scope of most institutional investors.
Guinness Peat Group reported net loss of GBP 3m for the year ended 31 December 2012. Revenue from ordinary activities were GBP 1,043m, down 1.5% from last year. Basic and Diluted EPS were (0.15) pence compared to 0.03 pence last year. Net operating cash flow was GBP 52m compared to GBP 136m last year. The final dividend declared was nil pence, taking the full year dividend to nil pence compared with 1.15 pence last year.
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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