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ALR is an LIC that manages a portfolio of shares within the S&P/ASX 200 Index. The company is managed by Aberdeen Asset Management Ltd, a global investment group with A$220B under management worldwide. ALR is the only LIC on the ASX that has a significant level of gearing, having an A$50M gearing facility, currently drawn to A$25M.
Company History
ALR was incorporated in NSW in 1987 as Lowan Ltd, but changed its name to ALR in the same year.
Differentiating Factor
The manager has an absolute return focus, rather than a benchmark focus, so that the weightings of stocks may not be linked to the index.
Major Customers & Competitors
Small share funds, institutions and retail investors are the major shareholders/customers of listed investment companies. Australian Foundation Investment Company (AFI) and Argo Investments Limited (ARG) dominate the listed investment company sector in terms of market capitalisation. streetTRACKS S&P/ASX 50 Fund (SFY) is one of its most direct competitors.
Financial Summary
Year to Jun
NPAT Rep $M
NPAT1 Adj $M
EPS c
EPS chg %
PER x
PER rel All Ords x
PER rel Sector x
DPS c
Yield %
Franking %
ROE %
2005A
5.3
5.3
9.3
n/a
15.1
0.6
0.6
6.3
4.4
100
28.9
2006A
11.3
11.3
19.8
112.6
7.1
0.3
0.3
8.0
5.7
100
28.3
2007A
11.7
11.7
20.6
3.7
6.9
0.4
0.3
9.0
6.4
100
24.8
2008A
12.3
12.3
21.6
5.0
6.5
0.3
0.3
10.0
7.1
100
25.7
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
Sydney Morning Herald 13/03/2010 | THE Australian Competition and Consumer Commission has delayed until late next month the release of the findings of its inquiry into National Australia Bank's friendly $13.3 billion all-cash acquisition of AXA Asia Pacific. The ACCC is seeking further information.
The Age 13/03/2010 | THE Australian Competition and Consumer Commission has delayed releasing the findings of its probe into National Australia Bank's friendly $13.3 billion all-cash acquisition of AXA Asia Pacific until late next month as it seeks further information on the planned deal.
The Age 13/03/2010 | FORMER Australian Idol finalist Lisa Mitchell made the ultimate credibility leap yesterday when she became the youngest musician to win the Australian Music Prize with her dazzling debut album Wonder.
The Age 13/03/2010 | AUSTRALIA'S economic recovery has been so strong that analysts believe Treasurer Wayne Swan may be on track to bring down a budget surplus next year instead of the official forecast of 2015.
Sydney Morning Herald 13/03/2010 | We Australians appear to be turning into a nation of contrarians when it comes to economics and business. Our economy is booming while the rest of the world is in the doldrums. Our interest rates are rising where others are hovering just above zero and our currency is strengthening as other developed nations race to the bottom.
$ 1.410
