re: Ann: Half Year Accounts - Presentation Br...
Found this on the fool site- FYI
The maker of Bonds undies and owner of several other well-known Australian iconic brands, is struggling with increased competition, private label brands and retailers demanding lower prices. Private equity may view Pacific Brands as a potential ‘Marks and Spencer’ – with an estimated 25% of Britons wearing M&S branded underwear. Could Pacific Brands attract the same sort of attention as surfwear maker Billabong International Limited (ASX: BBG) – which saw six different bids for the company?
Over the past 10 years earnings have grown at 9.3% p.a. and, in the next year, it is forecast to pay a 7.4% fully franked dividend.
PBG Price at posting:
55.0¢ Sentiment: LT Buy Disclosure: Held