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Business Description: PaperlinX (PPX) is a global merchant company supplying the printing and publishing industry and office supplies. PPX distributes fine paper and sign and display, graphics and industrial packaging materials to a wide range of customers in Europe, United Kingdom, North America, Australia, New Zealand and Asia.
Strategy Analysis: Following its exit from paper manufacturing, PPX is focused on improving its remaining merchanting businesses which have strong market share in Australia, US and European merchanting markets. International merchanting markets are large (estimated $30bn market value in North America, $22B in Europe). Strategies revolve around extracting efficiencies and reducing costs as well as expansion of its non paper merchanting operations. The company is undertaking a full strategic review of the business including addressing its unsustainable balance sheet structure.
PaperlinX reported a net loss of $108m for the year ended 30 June 2011. Revenues from ordinary activities were $4.66bn, down 8% from last year. Basic and Diluted EPS was (21.4) cents compared to (38.9) cents last year. Net operating cash flow was $54.6m compared to $23.1m last year. No dividend was declared.
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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