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Business Description: PMP Limited (PMP) is a media and marketing services companies in Australia and New Zealand. PMP operates in the areas of data-driven market and customer analytics, creative advertising solutions, premedia, creative and photographic services, printing, letterbox distribution, magazine distribution through its Pinpoint (NZ), Maxum (NZ), PMP Digital, Pacific Micromarketing, PMP Print, PMP Distribution, Gordon and Gotch, Catalogues4U, PMP Directories and Griffin Press businesses.
Strategy Analysis: PMP continues to focus on increasing returns on marketing investments while providing consumer insight and printed communication solutions. The company has a three-year restructuring initiative that aims to fully restore financial health and will result in a more efficient cost base with lower levels of debt. The market environment is viewed as quite challenging, with problems of overcapacity, coupled with constant inflationary pressure on costs and slowing advertising expenditure. Falling consumer confidence in tough economic times places pressure on advertising yields. Maintaining ongoing vigilance over costs and extracting efficiency gains in this environment is therefore critical. The company is hoping to extract premium pricing from its new GPS tracking solution, but seems unlikely in the current tough market. .
PMP reported a net loss of $11.31m for the year ended 30 June 2011. Revenues from ordinary activities were $1.19bn, down 1.5% from last year. Diluted EPS was (3.4) cents compared to 6.1 cents last year. Net operating cash flow was $70.23m compared to $74.72m last year. The final dividend declared was 1 cent, taking the full year dividend to 1 cent compared with nil 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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