Proactiveinvestors Australia Synnovia PLC https://www.proactiveinvestors.com.au Proactiveinvestors Australia Synnovia PLC RSS feed en Wed, 17 Jul 2019 06:35:03 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20190709070004_14140888/ Tue, 09 Jul 2019 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20190709070004_14140888/ <![CDATA[RNS press release - Notice of Results ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20190703105131_14135081/ Wed, 03 Jul 2019 19:51:31 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20190703105131_14135081/ <![CDATA[RNS press release - Refinancing of Banking Arrangements ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20190701144829_14131792/ Mon, 01 Jul 2019 23:48:29 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20190701144829_14131792/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20190701142212_14131736/ Mon, 01 Jul 2019 23:22:12 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20190701142212_14131736/ <![CDATA[RNS press release - Trading Update and Restatement of Accounts ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20190425070004_14050954/ Thu, 25 Apr 2019 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20190425070004_14050954/ <![CDATA[RNS press release - Trading Statement ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20190219070004_13973497/ Tue, 19 Feb 2019 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20190219070004_13973497/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181220163736_13912105/ Fri, 21 Dec 2018 03:37:36 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181220163736_13912105/ <![CDATA[RNS press release - Result of General Meeting and Change of Name ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181220113547_13911578/ Thu, 20 Dec 2018 22:35:47 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181220113547_13911578/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181220070003_13910524/ Thu, 20 Dec 2018 18:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181220070003_13910524/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181214142351_13904798/ Sat, 15 Dec 2018 01:23:51 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181214142351_13904798/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181214103520_13904362/ Fri, 14 Dec 2018 21:35:20 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181214103520_13904362/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181205182748_13893179/ Thu, 06 Dec 2018 05:27:48 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181205182748_13893179/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181205101621_13892363/ Wed, 05 Dec 2018 21:16:21 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181205101621_13892363/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181205101226_13892360/ Wed, 05 Dec 2018 21:12:26 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181205101226_13892360/ <![CDATA[RNS press release - Half-year Report ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181203070004_13887907/ Mon, 03 Dec 2018 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181203070004_13887907/ <![CDATA[RNS press release - Notice of Results ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181116110141_13870180/ Fri, 16 Nov 2018 22:01:41 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181116110141_13870180/ <![CDATA[RNS press release - Trading Statement ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181005080002_13817974/ Fri, 05 Oct 2018 17:00:02 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20181005080002_13817974/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180828083626_13769354/ Tue, 28 Aug 2018 17:36:26 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180828083626_13769354/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180730143633_13736412/ Mon, 30 Jul 2018 23:36:33 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180730143633_13736412/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180725135449_13731231/ Wed, 25 Jul 2018 22:54:49 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180725135449_13731231/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180716081304_13718725/ Mon, 16 Jul 2018 17:13:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180716081304_13718725/ <![CDATA[RNS press release - Annual Financial Report ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180709134630_13710787/ Mon, 09 Jul 2018 22:46:30 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180709134630_13710787/ <![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180702070004_13700538/ Mon, 02 Jul 2018 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180702070004_13700538/ <![CDATA[Media files - Plastics Capital 'at an exciting stage' with growth plan now delivering results ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9759/plastics-capital-at-an-exciting-stage-with-growth-plan-now-delivering-results-9759.html Mon, 02 Jul 2018 15:28:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9759/plastics-capital-at-an-exciting-stage-with-growth-plan-now-delivering-results-9759.html <![CDATA[Media files - Plastics Capital enjoys 'staggering' growth in its films division ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9755/plastics-capital-enjoys-staggering-growth-in-its-films-division-9755.html Mon, 02 Jul 2018 11:26:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9755/plastics-capital-enjoys-staggering-growth-in-its-films-division-9755.html <![CDATA[RNS press release - Notice of Results ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180622070005_13689605/ Fri, 22 Jun 2018 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180622070005_13689605/ <![CDATA[Media files - Plastics Capital's films business growing 'stunningly well' ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9203/plastics-capital-s-films-business-growing-stunningly-well--9203.html Thu, 03 May 2018 12:06:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9203/plastics-capital-s-films-business-growing-stunningly-well--9203.html <![CDATA[RNS press release - Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180502070012_13626584/ Wed, 02 May 2018 16:00:12 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180502070012_13626584/ <![CDATA[News - Plastics Capital's revenues boosted by sales of wrappings and films ]]> https://www.proactiveinvestors.com.au/companies/news/196219/plastics-capital-s-revenues-boosted-by-sales-of-wrappings-and-films-196219.html Plastics Capital (LON:PLA) saw "exceptionally strong" sales over the year just ended even though growth moderated near the end.

Films (food wrapping and the like) did particularly well with a record year for Flexipol, while there was a recovery at Palagan and good performance from Synpac. 

WATCH: Plastics Capital's films business growing 'stunningly well'

Management of these three companies is being consolidated due to their shared production. 

Industrial was mixed with strong growth in mandrels (tubing) offset by bearings where delays on two large projects have been an issue throughout the year.

Bearings have a significant impact on group profits due to the high fixed costs of manufacturing, so this will hit the full year outcome. 

Net debt at the year-end was £14.7mln or £1.5mln lower than the prior year.

Faisal Rahmatallah, executive chairman, said he was pleased with the organic growth.

Plastic Capital had made the decision to invest heavily in the business and Rahmatallah said the two consecutive years of strong revenue growth illustrated this was making a sustainable difference. 

“We can see this continuing as we move into the current financial year."

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Wed, 02 May 2018 07:52:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196219/plastics-capital-s-revenues-boosted-by-sales-of-wrappings-and-films-196219.html
<![CDATA[RNS press release - UK Investor Show ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180411110238_13600435/ Wed, 11 Apr 2018 20:02:38 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180411110238_13600435/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180316142242_13570559/ Sat, 17 Mar 2018 01:22:42 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180316142242_13570559/ <![CDATA[RNS press release - Trading Statement ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180301070011_13550148/ Thu, 01 Mar 2018 18:00:11 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20180301070011_13550148/ <![CDATA[News - Plastics Capital sales growth picking up a shade slower than expected ]]> https://www.proactiveinvestors.com.au/companies/news/192408/plastics-capital-sales-growth-picking-up-a-shade-slower-than-expected-192408.html Plastics products group Plastics Capital Plc (LON:PLA) had mixed news for shareholders, reporting continued strong sales growth, albeit lower than expected in its Industrial Division.

Sales growth in the Films Division has been exceptional, the company said, while growth in the Industrial Division has improved in the second half of the financial year (which runs to the end of March), but not as much as expected when the group reported its interims in December.

READ: Plastics Capital: Impervious to cyclical blips, set for growth

As a result of the improvement in sales growth not coming through as fast as anticipated in the Industrial Division, the group now expects sales and adjusted underlying earnings (EBITDA) will be marginally below current market expectations.

"We continue to see very strong sales growth particularly in the Films Division, which has traditionally been our steadiest business area,” said Faisal Rahmatallah, the executive chairman of Plastics Capital.

“Our bearings business is picking up more slowly than we expected and this will impact this year's results; however, the overall rate of travel of sales and profits growth across the entire group is good and the board believes profitability will follow sales as investments we have made over the last two years bed down," he added.

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Thu, 01 Mar 2018 08:02:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192408/plastics-capital-sales-growth-picking-up-a-shade-slower-than-expected-192408.html
<![CDATA[RNS press release - Half-year Report ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20171206070005_13455231/ Wed, 06 Dec 2017 18:00:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20171206070005_13455231/ <![CDATA[Media files - Plastics Capital expecting surprise boost in films' sales to continue ]]> https://www.proactiveinvestors.com.au/companies/stocktube/8497/plastics-capital-expecting-surprise-boost-in-films-sales-to-continue-8497.html Wed, 06 Dec 2017 11:05:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/8497/plastics-capital-expecting-surprise-boost-in-films-sales-to-continue-8497.html <![CDATA[News - Plastics Capital's sales surge to boost second-half profits ]]> https://www.proactiveinvestors.com.au/companies/news/188330/plastics-capital-s-sales-surge-to-boost-second-half-profits-188330.html Buoyant demand for its films and mandrels lifted sales at Plastics Capital Plc (LON:PLA) by almost a third in its latest half year.

Revenues rose 31% to £36.6mln, with organic growth of 13.5%, though earnings were held back by a combination of heavy expenditure on plant upgrades, raw material price rises and adverse currency movements.

READ: Plastics Capital on track for a “year of good progress” after solid first-half performance

Underlying profits [EBITDA] dropped by 6% to £2.6mln, though Plastics expects the second half to start to see the benefits of its recent spending.

Full-year profits are expected to be well ahead of the £4.35mln seen last year, but slightly below market forecasts.

Films, used to wrap food and make bags and sacks, increased revenues by 18.9%, while sales of mandrels, used as the template to make holes in products, jumped 40%.

Faisal Rahmatallah, executive chairman, said the first half trends had continued in the second part of the year with films and mandrels still going well, a steady performance in the matrix group and slower growth than expected in the bearings business.  

READ: Plastics Capital upbeat after 'very good year' for growth

Bearings, though, will hold back the half though it is seeing higher order conversion than the previous year while Rahmahtallah is also confident of a significant currency boost for the group next year once the sterling currency hedges expire.

“Order books are healthy and we anticipate a significant uplift in profitability during the second half of the financial year which should benefit from the seasonal demand upswing and new business coming on stream.“ 

Broker Allenby Capital said the organic revenue growth at 13.5% year-on-year was almost double a year earlier and well above the internal target of between 5%-10% annually.

Significant investment of £3mln has been undertaken and some improvement is anticipated in the second half but not enough to recover all of the lost ground compared to last year.

The broker's forecasts for this year’s earnings have been reduced by 9.8% from 12.2p to 11p though 2018/19 forecasts are unchanged.

Shares dipped 2% to 123.5p.

--adds broker comment, share price --

 

 

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Wed, 06 Dec 2017 07:39:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188330/plastics-capital-s-sales-surge-to-boost-second-half-profits-188330.html
<![CDATA[RNS press release - Notice of Results ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20171120093833_13437153/ Mon, 20 Nov 2017 20:38:33 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20171120093833_13437153/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20171117105437_13435553/ Fri, 17 Nov 2017 21:54:37 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20171117105437_13435553/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20171005154849_13387819/ Fri, 06 Oct 2017 01:48:49 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20171005154849_13387819/ <![CDATA[RNS press release - Director/PDMR Dealing and Issue of Equity ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20171003124352_13384374/ Tue, 03 Oct 2017 22:43:52 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20171003124352_13384374/ <![CDATA[RNS press release - Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20171002070004_13381546/ Mon, 02 Oct 2017 17:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20171002070004_13381546/ <![CDATA[News - Plastics Capital on track for a “year of good progress” after solid first-half performance ]]> https://www.proactiveinvestors.com.au/companies/news/184901/plastics-capital-on-track-for-a-year-of-good-progress-after-solid-first-half-performance-184901.html Niche plastics products group, Plastics Capital Plc (LON:PLA), has told investors it enjoyed a solid first half, leaving it well-placed for the rest of the year.

Plastics said trading in the six months to the end of September was ahead of the prior year, primarily driven by strong organic sales growth across the board.

Films division best performer

The Films division was the standout performer though, with sales jumping “significantly” in the period.

Flexipol – its specialist sacks and bags business – has a record order book as it heads into a busy time of the year, while Palagan continues its recovery with volumes up 14% compared to the first half of 2016.

The company did note that increasing raw material prices had affected margins in this division slightly.

Industrial sales up 10%

The Industrial business was hardly flagging though, with sales rising 10% year-on-year, although Plastics had hoped for something even better.

Sales at its bearings business were lower than expected due to delays in orders received on projects from two key accounts.

It added that it expects things to pick up slightly on this front in the second half.

READ: Capital Network's Ed Stacey on Plastics Capital Plc full year results

Demand in its matric business has been “steady” as it works on integrating the complementary distributors and manufacturers acquired over the past year or so.

As for the mandrel business, that has “grown substantially” in the opening six months on 2017 as it continues to add production capacity.

The order book “remains strong”, Plastics said, and it expects continued growth in this arm throughout the second half.

‘Expecting a year of good progress’

"Strong organic sales growth is being achieved broadly across the group, although it has been stronger than expected in our Films Division and less so in our Industrial Division,” said chairman Faisal Rahmatallah.

“The three relatively small acquisitions made last year are performing well.

READ: Plastics Capital upbeat after 'very good year' for growth

“The capacity that we have recently put in place is already being well utilised and we will continue to invest to take advantage of the growth opportunities that we see in front of us.  We anticipate a year of good progress."

Shares were down 8.5% to 110.24p in early deals on Monday.

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Mon, 02 Oct 2017 08:19:00 +1100 https://www.proactiveinvestors.com.au/companies/news/184901/plastics-capital-on-track-for-a-year-of-good-progress-after-solid-first-half-performance-184901.html
<![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20170801154203_13315673/ Wed, 02 Aug 2017 00:42:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20170801154203_13315673/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20170712113248_13292594/ Wed, 12 Jul 2017 20:32:48 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20170712113248_13292594/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20170711091924_13290756/ Tue, 11 Jul 2017 18:19:24 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20170711091924_13290756/ <![CDATA[RNS press release - Annual Financial Report ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20170707164126_13288417/ Sat, 08 Jul 2017 01:41:26 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20170707164126_13288417/ <![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20170703070001_13280623/ Mon, 03 Jul 2017 16:00:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20170703070001_13280623/ <![CDATA[Media files - A year of 'excellent' growth for Plastics Capital - Chairman Faisal Rahmatallah ]]> https://www.proactiveinvestors.com.au/companies/stocktube/7732/a-year-of-excellent-growth-for-plastics-capital-chairman-faisal-rahmatallah-7732.html Mon, 03 Jul 2017 11:41:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/7732/a-year-of-excellent-growth-for-plastics-capital-chairman-faisal-rahmatallah-7732.html <![CDATA[News - Plastics Capital upbeat after 'very good year' for growth ]]> https://www.proactiveinvestors.com.au/companies/news/180205/plastics-capital-upbeat-after-very-good-year-for-growth-180205.html Plastics Capital Plc (LON:PLA) reported strong growth in revenues in its latest full year helped by a Brexit tailwind.  

Revenues rose 29.5% to £65.8mln boosted by acquition Synpac, while underlying profits were 7% higher at £4.35mln.

Plastics invested £6.7mln on plant upgrades in the past year and had already flagged this dividend and the next would be suspended to conserve cash while it goes through this spending period.

WATCH: A year of 'excellent' growth for Plastics Capital - Chairman Faisal Rahmatallah

There were record years for the industrial division and barrier films manufacturer Flexipol, though its sister company Palagan had a more difficult year.

On the industrial side, sales of mandrels that make holes in hydraulic pipes saw sales rose by 40%, bearings rose by 20.5% while the matrix/template business recovered from a weak previous year..

Faisal Rahmatallah, chairman, said: "FY2017 has been a very good year for organic and acquisitive growth.

“Our industrial division and Flexipol have had record years for sales and profitability driven by excellent key account management, product innovation and technical sales.

“We expect that profits will benefit from the change programme being implemented at Palagan and the expiry of currency hedges taken out prior to Brexit.”

He said while this year started more slowly than expected, too much should not be read in to that.

“The momentum of the Group as we finished FY2017 was strong and, if sustained, will deliver a strong performance in FY2018.”

Shaes fell 3% to 116p.

-- adds video, share price --

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Mon, 03 Jul 2017 08:17:00 +1000 https://www.proactiveinvestors.com.au/companies/news/180205/plastics-capital-upbeat-after-very-good-year-for-growth-180205.html
<![CDATA[RNS press release - Notice of Results ]]> https://www.proactiveinvestors.com.au/companies/rns/788/LSE20170612070005_13256330/ Mon, 12 Jun 2017 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/788/LSE20170612070005_13256330/