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Business Description: SIMS Metal Management Limited (SGM) recycles metals, electronics and a variety of other materials ranging to plastics, and also provides waste management and ancillary services. The company has operations in Australia, New Zealand, the United Kingdom, North America, Asia and Europe.
Strategy Analysis:
Sims Metal Management reported a net loss of $295.5m for the half-year ended 31 December 2012. Revenues from ordinary activities were $3.43bn, down 25.1% from the same period last year, primarily due to a reduction of intake and shipments in North America. Diluted EPS was (253.3) cents compared to (270.0) cents last year. Net operating cash flow was $76.4m compared to $17.0m last year. No dividend was declared.
The Age 18/05/2013 |
As Australia's major retailers increase their online sales channels, pouring millions into their websites, they could face new competition from China's booming e-commerce industry.
The Age 18/05/2013 |
Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending or, if you're a really bad person, increase taxes. They forget it's the budget itself that's supposed to do the heavy lifting.
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