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Business Description: Transpacific Industries Group Ltd (TPI) provides integrated industrial cleaning, recycling and total waste management solutions to customers across Australia and New Zealand. TPI is also a player in the domestic heavy-duty commercial vehicles industry.
Strategy Analysis: In the mid 2000â€™s, Transpacific grew exponentially â€“ boasting 220% revenue growth from 2005 - 2008. Sadly, drivers were far from organic, propelled by the acquisition of 47 separate companies costing AUD 2.6 billion. Cheap credit and an ambitious CEO fuelled the acquisition binge, leading to a near collapse during the GFC. Despite a volatile past, Transpacific is a leading provider of waste management and environmental services with an asset base covering primarily Eastern Australia and New Zealand. Fiscal 2012 was a year focused on strategic emphasis, improving profitability and reducing debt. Growth initiatives and cost efficiencies are now planned for fiscal 2013 and beyond, focusing on new municipal contracts for Cleanaway, expansion of hydrogenation capacity in Industrials, and new contract wins in New Zealand.
Transpacific Industries Group reported NPAT of $32.3m for the half-year ended 31 December 2012. Revenues from ordinary activities were $1.16bn, up 3.8% from the same period last year. Basic and Diluted EPS was 2.0 cents compared to 0.7 cents last year. Net operating cash flow was $120.0m compared to $99.3m 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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