{"id":60597,"date":"2014-09-18T22:12:39","date_gmt":"2014-09-19T02:12:39","guid":{"rendered":"http:\/\/countingpips.com\/?p=60597"},"modified":"2014-09-18T22:12:39","modified_gmt":"2014-09-19T02:12:39","slug":"why-the-pacific-brands-share-price-rose-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/09\/why-the-pacific-brands-share-price-rose-today\/","title":{"rendered":"Why the Pacific Brands Share Price Rose Today"},"content":{"rendered":"
September 18, 2014<\/div>
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By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to the Pacific Brands Share Price?<\/h2>\n

Pacific Brands Limited [ASX: PBG]<\/strong> is a consumer products company with three main businesses \u2014 underwear, Sheridan Tontine, and Brand Collective. The company has household name brands like Bonds, Sheridan, Tontine, Clarks, and Volley under its banner.<\/p>\n

Pacific Brands work wear business has been sold to Wesfarmers [ASX:WES]<\/strong>, though both parties are still waiting on regulatory approval before this is finalised. <\/p>\n

The share price closed higher 2.11% on Thursday. <\/p>\n

Why Did This Happen to PBG Shares?<\/h2>\n

Since 2014 full year financial results were released a week ago, the stock has lost 6.73%.
\nNet profit after tax (NPAT) was down 28.2% to $53 million and earnings before tax and interest were down 25.3% to $91.2 million. Overall, the company had a net loss of $224.5 million. <\/p>\n

The only good news was that sales increased 3.8% to $1.32 billion. <\/p>

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What Now for Pacific Brands Limited?<\/h2>\n

It\u2019s been a rough year for shareholders of Pacific Brands. Year to date, the stock is down 24.22%. <\/p>\n

The stock traded as low as 45.5 cents yesterday. However, it eked out a small rally today. The last time the share price was this low was mid-2012. <\/p>\n

Today\u2019s rise suggests the market thinks the share price has hit its low point for now. But be warned: Just because it\u2019s cheap doesn\u2019t make it a good buy. Wait this one out until Pacific Brands management shows some clear direction.<\/p>\n

Shae Smith+<\/a>
\nEditor, Money Weekend<\/em><\/strong> <\/p>\n

Join Money Morning on Google+ <\/span><\/a><\/strong><\/p>\n

The post Why the Pacific Brands Share Price Rose Today<\/a> appeared first on Stock Market News, Finance and Investments | Money Morning Australia<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n


\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to the Pacific Brands Share Price? Pacific Brands Limited [ASX: PBG] is a consumer products company with three main businesses \u2014 underwear, Sheridan Tontine, and Brand Collective. The company has household name brands like Bonds, Sheridan, Tontine, Clarks, and Volley under its banner. Pacific Brands work wear business has been sold […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-60597","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=60597"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60597\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=60597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=60597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=60597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}