Company updates
FY16 was challenging for PMP with higher than normal levels of retail customer disruption and continued strong competitive pricing levels
Company updates
Barminco released unaudited third quarter financial results for FY16, G8 confirmed it will slow the pace of acquisitions, PMP completed the major transformation programme it started in 2012 and Virgin added a fifth major airline to its shareholder registry
Company updates
PMP has now largely completed the major transformation programme that it started in 2012. The company has achieved a significant cost base reduction and has greatly reduced its financial risk
Company updates
BlueScope Steel has received a credit rating upgrade from Moody’s, while Glencore announced sales of a 40% stake in its agricultural business. PMP’s Griffin Press will now be the largest digital book printer in Australasia
Company updates
PMP has entered into an agreement for state-of-the-art digital book presses which will make it the largest digital book printer in Australasia
Company updates
Despite operating in a challenging and declining industry PMP’s credit profile continues to improve as the group executes its agenda of being net debt free
Trade opportunities
PMP Finance Pty Ltd is a fully owned subsidiary of PMP Limited (“PMP”). PMP is the largest commercial printer in Australia and NZ. Its principal activities are commercial printing, letterbox delivery and magazine distribution services
Week in review
RBA Governor suggests an easing bias, economic commentators suggest the US hold off on rate rises to enhance economic stability, Greece is downgraded, SCT Logistics launches $85m issue, CBL Corporation is upgraded and PMP reiterate their FY15 guidance
Company updates
PMP has released a trading update to the ASX reaffirming its guidance for FY15
At FIIG
FIIG has originated 12 high yield corporate bonds since September 2012