Other Industrials

Orica has moved away from earnings growth forecasts for FY16 and cut its dividend as it hunkers down for more price and volume pressures in the months ahead.

Catapult Group has signed its first overseas league-wide contract, as awareness of its product grows substantially.

Lawyer group Shine Corporate has sustained a sharp surge in share price over the past month and Moelis calls time out for a breather ahead of the August results.

Most brokers are forgiving Amcor for undermining a 20% return target for the acquisition of South American packaging company, Alusa, given the size of the business.

Burson Group is well placed to take advantage of the growth and increasing complexity of vehicles in Australia. Macquarie initiates coverage of the stock.

Moelis initiates coverage of Alexium International, a company developing non toxic chemical flame retardant treatments.

Tox Free Solutions has acquired a NSW-based recycler, Worth Corp, expanding its footprint on the east coast and diversifying its customer base.

Brokers welcome Orora’s first major acquisition since its de-merger from Amcor, a specialist packaging business based in the US.

Packaging producer Pact Group performed well in the first half, largely on the back of acquisitions. Brokers are looking for better organic growth ahead.

Brokers like the outlook for patent attorneys IPH Ltd, which is expanding in Asia while being well set for domestic acquisitions.