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General Information

PaperlinX Limited
PPX
http://www.paperlinx.com.au
Trading Companies & Distributors
18
665

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.03 $0.03 $0.03 $0.03 $0.03 826819 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Strong Sell
26/05/2015
1

Company Overview

Business Description
PaperlinX (PPX) is a global merchant company supplying the printing and publishing industry and office supplies. PPX distributes fine paper and sign and display, graphics and industrial packaging materials to a wide range of customers in Europe, United Kingdom, North America, Australia, New Zealand and Asia.
Strategy Analysis
Following its exit from paper manufacturing, PPX is focused on improving its remaining merchanting businesses which have strong market share in Australia, US and European merchanting markets. International merchanting markets are large (estimated $30bn market value in North America, $22B in Europe). Strategies revolve around extracting efficiencies and reducing costs as well as expansion of its non paper merchanting operations. The company is undertaking a full strategic review of the business including addressing its unsustainable balance sheet structure. PaperlinX reported a net loss of $108m for the year ended 30 June 2011. Revenues from ordinary activities were $4.66bn, down 8% from last year. Basic and Diluted EPS was (21.4) cents compared to (38.9) cents last year. Net operating cash flow was $54.6m compared to $23.1m last year. No dividend was declared.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 0.0 -1.0 0.0% 0.0 0.0 0.0% 0.0%
2015 F 0.0 -1.5 0.0% 0.0 0.0 0.0% 0.0%
2014 A -30.9 -4.9 0.0% 0.0 0.0 0.0% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
PaperlinX (PPX) $17M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
Seven Group (SVW) $2,215M -0.3867 -0.0504 0.0977 10.1713 10.7117 9.7586 5.35% 5.35% 5.48%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.49 0.00
Market 1.02 17.00 1.33 1.59
Sector 0.67 9.58 0.74 0.61

Directors

Name Position Start Date
Mr Andrew John Preece Chief Executive Officer, Managing Director 24/02/2015
Mr Robert George Kaye Executive Chairman 27/09/2012
Mr Michael Barker Non-Executive Director 27/09/2012

Management

Name Position
Joost Smallenbroek Chief Financial Officer
Wayne Johnston Chief Financial Officer,Company Secretary
Andy Preece Executive General Manager, Australia, New Zealand & Asia
Cory Turner President, Canada

Substantial Shareholders

Holding Name
111,432,010 (16.75%) Allan Gray Australia Pty Ltd
55,500,000 (8.34%) Communication Power Incorporated (Aust) Pty Ltd
42,531,155 (6.39%) Maple Brown Abbott Limited

Calendar of Events

Date Event
26 February 2016 Report (Interim)
18 September 2015 Report (Annual)
19 August 2015 Report (Prelim)
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