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Current Price Data+
Current Price
Open
High
Low
Last Close
Volume
Price Movement
$ 0.760
$ 0.760
$ 0.775
$ 0.755
$ 0.765
1,962,365
$ -0.005 -0.654 %
Current Broker Consensus Recommendation
Recommendation :
Hold
Recommendation Date :
1st Mar 2010
12 Month Target Price (average) :
$0.85
Brokers Surveyed :
5
Market Statistics
% of Market:
0.0500
% of Sector:
0.1668
Sector:
Financials
Industry Group:
Real Estate
Industry:
Real Estate Management & Development
Company Overview
Company Overview
FKP specialises in primary property development, construction and investment. It also has property-related activities in retail and commercial property investments, land subdivision, home financing and property management. It also undertakes the development and management of retirement villages and the management of resorts and associated infrastructure.
Company History
FKP was formed from Peter Kurts Properties and Forrester Parker Group. Peter Kurts Properties was listed on the stock exchange in 1970, formed to acquire the interests of the Kurts family, which commenced real estate activity during 1953. Forrester Parker Group Ltd had its origins in a venture formed in 1979 between Rodney Forrester and Philip Parker. It was incorporated in 1987 and listed on the stock exchange in 1993.
Differentiating Factor
FKP has a diverse income stream, generating revenue from the sale of its property developments as well as income from its property management division. FKP aims to diversify its property developments to include retail and commercial developments. It also aims to grow its retirement business in order to augment its recurrent income stream. FKP has grown over the 30 years since it was established to be included in the ASX top 200.
Major Customers & Competitors
FKP sells its residential developments to a mixture of owner-occupiers and property investors. Its retirement villages are available to self-sufficient retirees. It competes with various listed and private development companies and other specialist property managers.
Financial Summary
Year to Jun
NPAT Rep $M
NPAT1 Adj $M
EPS c
EPS chg %
PER x
PER rel All Ords x
PER rel Sector x
DPS c
Yield %
Franking %
ROE %
2007A
194.8
134.9
60.8
-46.3
1.2
0.1
0.1
31.7
41.7
61
21.7
2008A
145.3
150.2
57.1
-6.1
1.3
0.1
0.1
20.4
26.9
67
16.7
2009A
(319.4)
78.6
23.3
-59.2
3.3
0.2
0.2
3.5
4.5
60
9.3
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
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$ 0.760
