PMP
PMP (PMP) specialises in commercial printing, digital premedia and letterbox and magazine distribution services. PMP is one of the leading printers in Australia principally focused on the magazine, retail catalogue and directory market segments. It floated on the Australian Stock Exchange on 13th February, 1992. PMP is among the top 200 companies listed on the ASX, with its annual revenues reaching up to $1.3 billion. It has more than 3,000 staff employed across Australia and New Zealand. The Company has more than 8,000 shareholders in the region.
Printing company, PMP (ASX:PMP) have announced its half year financial results for 2013 to its shareholders and investors on the Australian stock market.
- PMP has had a $24 million loss for the first half, down from $4.6 million profit.
- The half year result includes $41.1 million of significant items: redundancy costs and cost of closing western Sydney printing plant.
Several companies are scheduled to have their Annual General Meetings tomorrow, November 18, 2011. Meanwhile, there will be no ex-dividends nor floats scheduled on the same day.
Annual General Meeting
Here is the list of companies that are scheduled to hold their AGM tomorrow:
For September 29, 2011, there is only one stock that will go on ex-dividend and four companies that will hold their general meeting.
Dividends
Study the dividend history for PMP LIMITED. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive PMP dividends if you own the PMP LIMITED shares on the ex-dividend date. Traders and investors must purchase the stock before the exdividend date to be entitled to the dividend. The previous owner of the shares will receive the PMP dividend if you buy the stocks on or after the ex dividend date.
PMP Limited was the best performing stock on the Australian stockmarket this week. (Winner of the week for week 41 of 2006). The PMP Limited stock closed the share trading week 25 percent higher after confirmation of an approach by a private equity group.
SB Citigroup has changed their recommendation for PMP as an Upgrade to Hold from Sell, High Risk while lifting their target price from $1.40 to $1.50. SB Citigroup notes that the stock price has fell back to a valuation range that justified the sell rating. SB Citigroup’s view on the printing industry as "brutally competitive".
Macquarie Research Equities (MRE) have conducted an extensive analysis of stocks that are at risk of earnings downgrades due to increasing cost pressures. While softer revenues are a problem, the real concern lies with accelerating cost growth that is effectively eating into company margins. Against this backdrop, MRE believe that rising costs present an increasing risk to company Earning Per Share (EPS) growth forecasts for FY06.
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