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Business Description: SAI Global Limited (SAI) is an applied information services company that helps organisations manage risk, achieve compliance and drive business improvement through its information services, compliance and assurance divisions.
Strategy Analysis: SAI seeks to be an essential, low cost reference source for companies in relation to industry standards and other legislated codes of practice. The company will also continue to grow its compliance and assurance businesses - natural adjuncts to the core publishing business. Growth will be both organic and via acquisition with a focus on offshore opportunities. Successful execution will leverage ongoing growth in world trade and the associated need for quality control and assurance. The company has also moved into business processing in the banking sector. Under new management there will be greater focus on cost containment.
SAI Global reported NPAT down 14.9% to $18.44m for the half-year ended 31 December 2012, driven by higher charges for depreciation and amortisation. Revenues from ordinary activities were $238.35m, up 6.5% from the same period last year. All divisions recorded increased sales which includes the impact of recent acquisitions. Diluted EPS was 8.9 cents compared to 10.7 cents last year. Net operating cash flow was $29.50m compared to $24.50m last year. The interim dividend declared was 6.8 cents in line with 6.8 cents 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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