You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
Business Description: Programmed Maintenance Services Limited (PRG) is a provider of staffing, maintenance and project services, employing more than thousand staff and tradespeople in government and the private sector. PRG provides services to customers through network of over 100 branch and office locations throughout Australia and New Zealand.
Strategy Analysis: PRG has undergone a significant transformation in recent years. Successfully merging with Integrated, acquiring SWG and the divestment of Barry Bros. The company strategy is to become a leading provider of staffing and maintenance services. The diversification and geographical expansion aims to maintain earnings growth, increase cross-selling opportunities and generate cost synergies. PRG have also implemented a new divisional structure to reflect the greater size of the group and support staffing and maintenance services growth across most industry sectors.
Programmed Maintenance Services reported NPAT up 6.23% to $12.33m for the half-year ended 30 September 2012. Revenue from ordinary activities were $757.7m, up 16.2% from last year. Diluted EPS was 10.2 cents compared to 9.8 cents last year. Net operating cash flow was $19.05m compared to $16.95m last year. The interim dividend declared was 5 cents, compared with 5 cents last year.
The Age 20/05/2013 |
It is getting virtually impossible to find an expert who believes global equity markets are a risky place to invest. As markets on all continents grind higher and higher, the bears are in danger of becoming extinct and the Winston Churchill "voice in the wilderness" warning us of the troubles ahead seems to have departed the scene. When everyone is in agreement, we should start to get a little worried.
The Age 20/05/2013 |
Tiger Australia has continued to narrow its losses due to stronger returns from fares and is operating without restrictions from air-safety authorities.
The Age 20/05/2013 |
When it comes to forecasting the economy - and thereby the budget balance - the econocrats of the Reserve Bank and Treasury are on a hiding to nothing.
The Age 20/05/2013 |
Markets ought to be about competition. To quote historian Niall Ferguson, they should ensure the survival of the fittest, not the fattest.
The Age 20/05/2013 |
Investment bank Morgan Stanley Smith Barney is being sued after losing more than $5 million from the super accounts of two private clients with a series of "aggressive, highly speculative and high-risk" trades using derivatives and share options.
Sydney Morning Herald 20/05/2013 |
It is getting virtually impossible to find an expert who believes global equity markets are a risky place to invest. As markets on all continents grind higher and higher, the bears are in danger of becoming extinct and the Winston Churchill "voice in the wilderness" warning us of the troubles ahead seems to have departed the scene. When everyone is in agreement, we should start to get a little worried.
Already a member? 
$ 2.300
