The Motley Fool

WPP Aunz Ltd (ASX:WPP) ups debt amid challenging market conditions

Marketing services group WPP Aunz Ltd (ASX: WPP) has reported an increase in sales, NPAT, EPS and dividends, but its debt facilities are also growing steadily.

The $738 million market cap company handed down its half-year results today, announcing the expansion of its debt facilities to $520 million, with forecasts for “low single digit” market growth going forward as “market conditions continue to be challenging for retail and consumer brands”.

Over the last six months, WPP invested in a new Melbourne property campus to house 15 brands and 360 staff while its net sales grew only 1.5% to $416.3 million with NPAT up 6.8% to $31.4 million and costs growing across the board.

WPP operates in the volatile media space, alongside stocks such as the beleaguered Fairfax Media Limited (ASX: FXJ) which has seen a small share price rally this reporting season and oOh! Media Ltd (ASX: OML) which stormed higher during yesterday’s trade after ACCC advised it would not oppose oOh! purchasing HT&E Ltd’s (ASX: HT1) Adshel business.

Breaking news: ASX companies set to raise dividends!

It's been a nail-biter of a reporting season here in the first half of 2018.

But the real action, in my opinion, is what companies are doing with dividends.

What does this mean for you? Well there is one stock I've found that could very well turn out to be THE best buy of 2018. And while there's no such thing as a 'sure thing' when it comes to investing - this ripper might come as close as I've ever seen.

Click here it's FREE!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has recommended oOh!Media Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

One ASX Stock For An Estimated $US22 Billion Marijuana Market

A little-known ASX company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

And make no mistake – it is coming. To the tune of an estimated $US22 billion.

Cannabis legalisation is sweeping over North America, and full legalisation arrived in Canada in October 2018.

Here’s the best part: we think there’s one ASX stock that’s uniquely positioned to profit immensely from this explosive new industry… taking savvy investors along for what could be one heck of a ride.

AND, this is the first time The Motley Fool Australia has EVER put a BUY recommendation on a marijuana stock.

Simply click below to learn more on how you can profit from the coming cannabis boom.

Click here to find out more