Other Industrials

Programmed Maintenance is suffering from exposure to the resource sectors, but other sectors are preforming strongly and the Skilled Group merger offers significant synergies.

Orica is a little more confident in its FY16 outlook after a very difficult FY15 but brokers remain cautious, most not yet ready to call an end to weakness.

Sims Metal has issued a warning that first half earnings will only amount to break even. Brokers question the suddenness of the substantially weaker outlook.

MMA Offshore has downgraded FY16 guidance substantially, amid a sombre outlook for oil & gas services. Morgan Stanley is one broker that remains more upbeat on the stock.

Transpacific Industries will undergo further restructuring to remove duplication and defend and grow market share. Brokers laud the initiatives but remain cautious.

The Chartist is awaiting the opportunity to jump on a strong run up for G8 Education.

IPH Ltd is moving closer to its domestic market goal, adding the Callinans patent and trade mark assets to its portfolio.

Japara Healthcare will acquire the Profke portfolio of four aged care facilities, befitting its stated strategy of expanding its network nationally.

Gateway Lifestyle continues to expand its estates and several brokers review the opportunities and potential for the stock.

Michael Gable of Fairmont Equities talks Veda, M2 Group, ARB Corp and IPH Ltd.