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Current Price Data+
Current Price
Open
High
Low
Last Close
Volume
Price Movement
$ 2.200
$ 2.210
$ 2.230
$ 2.190
$ 2.210
571,652
$ -0.010 -0.452 %
Current Broker Consensus Recommendation
Recommendation :
Buy
Recommendation Date :
26th Feb 2010
12 Month Target Price (average) :
$2.44
Brokers Surveyed :
2
Market Statistics
% of Market:
0.0000
% of Sector:
0.1241
Sector:
Financials
Industry Group:
Real Estate
Industry:
Real Estate Management & Development
Company Overview
Company Overview
PPC is one of Australia's largest property companies dedicated to broadacre land development. PPC acquires, manages, develops, markets and sells land estates. PPC currently owns, manages or otherwise controls a portfolio of projects in Perth, south west WA, Melbourne, south east QLD and the NSW Central Coast. PPC is organised into three key operating divisions: syndicated projects, owned projects and JV projects.
Company History
PPC commenced operations in 1895 in Perth and represents one of the longest-established property companies in Australia. Throughout its history, PPC has remained actively involved in land subdivision. In recent years, PPC has expanded significantly from its WA base, establishing a presence in Victoria in 1997, Queensland in 2002 and NSW in 2004.
Differentiating Factor
PPC deals with the development of broadacre residential land estates and has moved into medium-density residential and retail development. PPC offers specialised services in land subdivision and property development, providing a development management and marketing service, together with related financing and corporate structures. The company commits to delivering responsible and sensitive community, social and environmental outcomes.
Major Customers & Competitors
Major competitors would be other financial diversified trusts on the market that focus on capital property growth in commercial, industrial and retail sectors, such as Sunland Group (SDG). Customers would consist of companies, that is, tenants offering to lease the property, retail and car park spaces within the buildings of the property portfolio and individuals who invest in the development projects.
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
45.6
45.6
21.3
17.1
10.3
0.5
0.6
18.7
8.5
100
41.2
2008A
47.9
47.9
21.6
1.4
10.2
0.5
0.8
16.1
7.3
100
35.3
2009A
12.0
31.2
13.0
-40.0
17.0
0.9
1.0
7.0
3.2
100
20.9
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.
$ 2.200
