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Business Description: McPherson's Limited (MCP) is a marketer of non-electrical housewares products in Australasia, with operations in Australia, New Zealand and Asia.
Strategy Analysis: MCP has a number of business initiatives which will focus on growth and streamlining operations. Bolt-on acquisitions will be reviewed for future opportunities as well as a new product development pipeline which will ensure growth through innovation. Warehouse changes to increase the efficiency of distribution channels are coupled with quality assurance reviews to improve operational efficiency. With a recently successful restructuring and demerger of the business, strategic reviews of brand value, the supply chain and growth initiatives will remain important
McPherson's reported NPAT up 7.6% to $10.91m for the half-year ended 31 December 2012. Revenues from ordinary activities were $153.96m, up 6.9% from last year. Basic and Diluted EPS was 15 cents compared to 14 cents last year. Net operating cash flow was $831,000 compared to $2.43m last year. The interim dividend declared was 10 cents, compared with 10 cents last year.
The Age 21/05/2013 |
Optus says its 4G mobile network will reach 70 per cent of the Australian population by mid-2014. The carrier revealed it has upgraded 4000 3G sites to 4G in five capital cities and in Coffs Harbour, the Gold Coast and Byron Bay. It also plans to make its 4G network suitable for customers with dual-band 4G mobile devices.
The Age 21/05/2013 |
Hong Kong private equity firm Quantum Pacific Capital says it is best placed to resolve a dispute over the ownership of a troubled $5 billion copper and gold project in Java and is negotiating to grab back as much as 80 per cent of the project on behalf of former owner Intrepid Mines.
The Age 21/05/2013 |
Shareholders in Transfield Services were bracing themselves on Monday for an earnings downgrade following downgrades by other mine services operators such as UGL, WorleyParsons and the smaller Coffey International last week.
The Age 21/05/2013 |
The whole retail recovery story has wandered perilously off script over the past quarter. The start of the year held the promise of green shoots at the discretionary spending end. But as we near the close of the financial year, the fragile recovery appears to have been nipped in the bud.
The Age 21/05/2013 |
New Leighton Holdings chairman Bob Humphris has moved to dispel fears that its directors remain at war with its German parent Hochtief, insisting the relationship was "collegiate" despite the abrupt resignation of three fellow directors two months ago.
The Age 21/05/2013 |
Australian shares flirted with five-year highs on Monday, returning to levels not seen since the onset of the global financial crisis, as investors were spurred on by signs of strength in the US economy.
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