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Business Description: SIMS Metal Management Limited (SGM) recycles ferrous and nonferrous metals and a variety of other materials ranging from other metals to plastics, and also provides scrap management, waste management and ancillary services. The company has operations in Australia, New Zealand, North America, Asia and Europe.
Strategy Analysis: SGM is focused on solidifying its competitive advantage through acquisitions and by enhancing returns through organic initiatives. The company is committed to developing and implementing technology, pursuing consolidation in North America, investing to expand Sims Recycle Solutions and encouraging non-speculative trading while using market information to make judgment calls.
Sims Metal Management reported NPAT up 51.6% to $192.1m for the year ended 30 June 2011. Revenues from ordinary activities were $8.85bn, up 18.7% from last year. Diluted EPS was 93.3 cents compared to 64.5 cents last year. The net operating cash inflow was $158.6m compared to an outflow of $47.5m in the pcp. The final dividend declared was 35 cents, taking the full year dividend to 47 cents compared with 33 cents last year.
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...
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