Print up 12 per cent on ASX

Big gains by Wellcom, Amcor and PMP have lifted the stocks of publically listed print companies by 12 per cent in a flat and unstable stock market.

The nine print related companies listed on the ASX are up an average of 12 per cent over the 2014 financial year, compared to a modest 1.58 per cent rise for the All Ordinaries.

However, the gains were not equally distributed as the other six firms saw their share prices fall, and two see a third of their value wiped out.

[Related: 2014 stock market results]

Print manager Wellcom and packaging giant Amcor rose steadily over the year as they made overseas acquisitions to expand their sales and reach and posted big mid-year profit boosts, up 32 and 33.5 per cent respectively.

Australia’s biggest printer PMP made a late charge to more than recover a big fall last November, skyrocketing to a 24 per cent gain for the year with the announcement that it will triple profit to $10m and pay $5m in dividends next year.

The good news ends there as all the others fell, led by Colorpak and Paperlinx with more than 30 per cent losses, but the rest were still down by more than five per cent.

Colorpak fell 37 per cent, despite positive signs from the half year report which showed the packaging printer rebounding back to profit after huge 2014 losses with sale and EBITDA also up, earning Alex Commins another three years as chief executive.

Investors did not respond well to the report despite its upward trend and shares fell 22 per cent in one day and have only gotten worse since.

Paperlinx unsurprisingly crashed 32.4 per cent as its horror last six months saw its chief executive sacked, its biggest operations collapse, and a fire sale of European assets.

Computershare fell 6.5 per cent, coming down to Earth after its massive 64.48 per cent rise in the previous six months.

Fairfax is down 9.4 per cent to 81.5c after a brief spike in March sent it to $1.075, Opus Group 7 per cent, and APN 8.4 per cent.

 

Results between July 1 2014 and June 30 2015:

Paperlinx (PPX) down $0.012, -32.43%

ColorPak (CKL) down $0.245, -37.12%

PMP (PMP) up $0.105, +24.14%

APN (APN) down $0.065, -8.39%

Computershare (CPU) down $0.84, -6.54%

Wellcom (WLL) up $0.92, +31.83%

Amcor (AMC) up $3.34, +33.46%

Fairfax (FXJ) down $0.085, -9.4%

Opus (OPG) down $0.03, -7%

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