Amcor Limited Concludes 2018 Annual General Meeting Today

  • Oct 11, 2018 AEDT
  • Team Kalkine
Amcor Limited Concludes 2018 Annual General Meeting Today

Amcor Limited (ASX: AMC) arrowed up on the business transacted in Annual General meeting of the company held today.

After the conduct of Amcor’s 2018 Annual General Meeting scheduled for today, 11 October 2018, the ASX listed packaging company Amcor Limited released its results drawn out from the meeting. Among many resolutions passed with full majority, the re-election of Director Mr. Graeme Liebelt and Mr. Jeremy Sutcliffe confirmed no change in Board composition.

In an address to AMC’s shareholders, Managing Director and Chief executive officer Mr. Ron Delia confirmed that Fiscal Year 2019 performance is well in line with expectation and there is no change to FY19 outlook, announced in August.

In the start of Fiscal year 2019, the company has reportedly witnessed an increasing trend in the Rigid plastic business in Latin America, the Flexible business segment in Asia and Specialty Cartons in Eastern Europe. Mr. Delia told that there has been decent traction in recovering higher raw material costs in the flexible segment, while in the rigid plastics business there has been a continued volume growth in North American beverage end market.

Based on the elevating pattern of growth recorded at the start of FY19, the company expects solid Profit Before Interest and Tax (PBIT) for the year and modest earnings for first half of FY19, significantly higher than H1 2018. Whereas, Free Cash flows are expected to be between US$200 and US$300 million in FY19.

Further, as first announced in early August this year Amcor Limited has joined hand with fellow consumer packaging Bemis Company (NYSE: BMS) to form new company “New Amcor”. This merger transaction includes all-stock acquisition of NYSE listed Bemis by Australian consumer packaging group Amcor Limited at the fixed stock exchange ratio of 5.1 Amcor share for each Bemis share. The purchase consideration for the transaction was set to premium price of US$75.75 per Bemis share, based on Amcor’s A$15.28 per share.

In the newly formed “New Amcor”, Amcor shareholders will hold majority 71% of ownership while Bemis holding will have 29% holdings. The key selling point of the deal lies in the cost synergy potential of approximately US$ 180 million. However, the transaction is expected to reach the final close in first quarter of calendar year 2019.

With the consistent growth over past one decade, Amcor Limited has delivered strong shareholders return of more than 300% since October 2008. For Fiscal Year 2018, Amcor’s Board announced 5% higher dividend compared to FY17. This translates full year dividend to jump to 45.0 US cents per share from previous dividend of 43.0 US cents per share.

Amcor’s Earnings per share (EPS) increased from 60.6 US cents per share in FY17 to 62.6 US cents per share in FY18. It was driven by higher FY18 Profit After Tax (PAT) of US$724.0 million, up from US$701.2 million in prior year.  Free cash flow for the Fiscal year 2018 was US$194.1 million.

In today’s trading session, the share price of Amcor Limited has gone up by 1.601% or $0.210. It last traded at $13.330 on 11 October 2018. The stock has seen a negative performance change of 14.47% over the past one year. Most recently, AMC traded at a PE of 15.490 x with market capitalization of $15.19 billion.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK