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Business Description: ASG Group Limited provides technology applications and business systems integration to government agencies and private companies nationally. The company is a certified partner with many vendors, such as HP, Oracle, Microsoft and Redhat.
Strategy Analysis: ASZ have made significant progress towards the objective of expanding the Company and broadening its service offerings. The plans called for entry into the SAP market with our traditional services as well as rapidly gaining capability in Business Intelligence and Consulting services. ASZ is alert for an opportunity for one or more acquisitions or mergers to lift them into a size range which will allow them to capture more significant business from multinational IT Services organisations. The huge proportion of IT Services businesses held by foreign companies is mainly a function of the lack of suitably large, genuinely capable, viable Australian players to provide serious competition at the top end of this market. The end objective of ASZ's current strategy is to provide Australian clients with that alternative. .
ASG Group reported NPAT up 28% to $15.69m for the year ended 30 June 2011. Revenues from ordinary activities were $153.49m, up 27% from last year. Diluted EPS was 0.0965 cents compared to 0.0867 cents last year. Net operating cash flow was $19.64m compared to $15.88m last year. The final dividend declared was 5.5 cents, taking the full year dividend to 7.5 cents compared with 6.5 cents last year.
The Age 7/02/2012 | ISRAEL'S Foreign Minister was headed for Washington overnight amid signs that the US and its Middle East ally hold diverging views on how best to resolve the standoff over Iran's disputed nuclear program.
Sydney Morning Herald 7/02/2012 | There will be fewer love hearts and boxes of chocolates this Valentine's Day for the short-lived chief executive of Perpetual Limited, Chris Ryan.
Sydney Morning Herald 7/02/2012 | HOTEL owners and operators are preparing for a busy year of openings and renovations as demand increases from domestic travellers.
The Age 6/02/2012 | AUSTRALIA has a reputation for embracing technological developments quickly. We had a record take-up of VHS, DVD and widescreen television, and it is widely claimed that the Land of Oz has more home theatres per head of population than anywhere else in the world.
Sun Herald 5/02/2012 | INVESTORS cheered during the week, perhaps convinced that the latest rearrangement of deckchairs on the good ship euro will do the trick and right the heavily listing vessel.
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