Ansell
Ansell Limited (ANN) is an Australian-based company whose principal activities include the development, manufacturing as well as sourcing, distribution and marketing of gloves and other protective products with main operations in Europe, Americas and the Asia Pacific. ANN was listed on the Australian Stock Exchange on the 22nd of August 1985. Its average annual revenue reaches approximately $1.2 billion out of its issued capital of $1.6 billion. Its headquarters is located in Richmond, Australia and to date; 11, 594 people are employed in the company.
Australian condom and rubber gloves manufacturer, Ansell (ASX:ANN) have reported its first half results to the stock market.
- Ansell made a $55 million net profit, down 15 percent from $64.9 million in the previous corresponding period.
- ANN revenue increased 5.1 percent to $627.9 million, from $597.7 million.
- Ansell launched a share buyback, planning to buy back 2 to 3 million of its shares.
- Ansell had made four recent company acquisitions
Study the historical dividends for ANSELL LIMITED. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive ANN dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the ANN dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.
Ansell (ASX:ANN), a healthcare and industrial products producers (known for producing condoms and gloves), has established four global business units to support company growth through acquisitions. "To support this strategy, four global business units are being established," Magnus Nicolin the Ceo of Ansell has stated. The company has installed mergers and acquisitions and finance teams to be led by CFO (Chief Financial Officer) Rustom Jilla.
Dexus Property Group (DXS), a major Australia based property Company that operates at more than 260 properties worth of A$15 billion, mainly concentrating on acquisition, management and development of retail, industrial and office properties in both Australia and other regions with market capitalisation $3955.9 million was the best performer of the 4th week in ASX100 with a gain of 1.2 percent or 1 cent to its stock price closing the week at 83 cents.
Consolidated Media Holdings (CMJ), a company that focuses in the gaming, entertaining, television broadcasting, magazine publishing and distributing, subscription television, investment in internet and other sectors was the worst performer in the ASX100 list that lost 9.8 percent or 33 cents to its stock price closing the week at $3.02.
SP Ausnet (SPN) was the overall worst performing stock taking in a 10.71 percent decrease. It was a mixture of financial services, healthcare, energy and forest products companies who were among the worst performing stocks for the week 38 of 2007 on the Australian sharemarket: Bendigo Bank (BEN), Ansell (ANN), Sigma Pharmaceutical (SIP), SP Ausnet (SPN), Adelaide Bank (ADB), Gunns (GNS). These worst performing stocks for the week 38 recorded losses above 6.08 percent by the end of the trading week.
Deutsche Bank have rated the Ansell (ANN) stock as a Hold with a share price target of $9.50. The stockbroker has noted that company is at the mercy of largely unhedgable latex prices. - ANN is at the mercy of largely unhedgable latex prices, the broker notes, but as guidance was set during a price spike the broker is confident it can be achieved. The result was above expectation. Meanwhile, Macquarie have rated ANN an Outperform rating as the result comes ahead of the broker's expectations. Their share price target for the stock stands at $10.
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