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General Information

Peet Limited
PPC
http://www.peet.com.au
Real Estate Development
538
487

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$1.11 $1.11 $1.11 $1.10 $1.11 63731 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Strong Buy
13/03/2015

Company Overview

Business Description
Peet Limited (PPC) is an Australian property company, dedicated to asset and funds management, land and property development and land syndication. The company is currently developing land estates in Western Australia, Victoria, Queensland and New South Wales.
Strategy Analysis
Peet Limited is focused on expanding their funds management business. Within this, there is goal of managing and developing relationships and partnerships, this has included a significant mandate with the Future fund. The wholesale funds management growth strategy continues to be a main underpinning of future earnings growth. Peet reported NPAT down 86% to $1.24m for the half-year ended 31 December 2012. Revenues from ordinary activities were $83.15m, up 30% from last year. Basic and Diluted EPS were 0.4 cents compared to 2.7 cents last year. Net operating cash flow was $12.2m compared to $1.64m last year. No dividend was declared.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A 32.9 7.3 61.9% 18.4 3.5 2.6% 0.0%
2013 A 15.6 4.5 180.6% 22.7 0.0 0.0% 0.0%
2012 A 5.3 1.6 -76.5% 61.5 0.0 0.0% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Aveo (AOG) $1,402M -0.4157 0.0283 0.1427 28.5115 27.7268 24.2640 1.47% 1.84% 2.63%
Cedar Woods Properties (CWP) $425M 0.0797 0.0158 0.0678 10.0037 9.8483 9.2231 5.10% 5.19% 5.57%
Peet (PPC) $538M 0.6191 0.0000 0.0000 15.1994 0.0000 0.0000 3.17% 0.00% 0.00%
Villa World (VLW) $223M 0.0000 0.0000 0.0000 9.4481 0.0000 0.0000 7.43% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 15.20 1.19 0.00
Market 0.91 16.10 1.33 1.27
Sector 1.55 15.00 1.15 2.19

Directors

Name Position Start Date
Mr Brendan David Gore Chief Executive Officer, Managing Director 06/08/2007
Mr Anthony(Tony) Wayne Lennon Non-Executive Chairman 05/02/1985
Mr Robert (Bob) John McKinnon Non-Executive Director 19/05/2014
Mr Anthony James Lennon Non-Executive Director 01/01/1996
Mr Trevor Allen Non-Executive Director 04/04/2012
Ms Vicki Krause Non-Executive Director 04/04/2014

Management

Name Position
B C Fullarton Chief Financial Officer
P J Dumas Chief Investment Officer
Dom Scafetta Company Secretary

Substantial Shareholders

Holding Name
91,786,533 (21.40%) Scorpio Nominees Pty Ltd and AW Lennon
23,908,410 (5.52%) Challenger Limited
23,478,994 (5.42%) Australiansuper Pty Ltd
22,242,389 (5.13%) Commonwealth Bank of Australia and its related bodies corporate

Calendar of Events

Date Event
25 February 2016 Report (Interim)
23 October 2015 Report (Annual)
27 August 2015 Report (Prelim)
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