|
You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
|
|
Sign Up Today » it's FREE!
|
Already a member? Login now!
|
|
| Company Name: |
Peet Limited |
| Stock Code: |
PPC |
| Website: |
www.peet.com.au |
| Market Cap ($M): |
568 |
| Equiv. Shares (M): |
304 |
|
|
 |
|
| Current Price |
Open |
High |
Low |
Last Close |
Volume |
Price Movement |
$ 1.995 |
$ 1.985 |
$ 2.000 |
$ 1.975 |
$ 1.990
|
16,717 |
$ 0.005 0.251 %
|
|
| Recommendation : |
Buy
|
| Recommendation Date : |
27th Aug 2010 |
| 12 Month Target Price (average) : |
$2.392 |
| Brokers Surveyed : |
5 |
|
| % of Market: |
0.0000 |
| % of Sector: |
n/a |
| Sector: |
Financials |
| Industry Group: |
Real Estate |
| Industry: |
Real Estate Management & Development |
|
|
|
|
|
| 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. |
|
Year to n/a
|
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
% |
| 2007 |
|
|
|
17.1 |
9.4 |
0.6 |
0.7 |
|
9.4 |
|
|
| 2008 |
|
|
|
1.4 |
9.2 |
0.9 |
1.4 |
|
8.1 |
|
|
| 2009 |
|
|
|
-40.0 |
15.4 |
0.8 |
10.1 |
|
3.5 |
|
|
|
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
|
| Westfield Group |
WDC |
$12.74 |
$29,401M |
14.3000 |
14.3000 |
9.1000 |
0.0000 |
5.0000 |
5.0000 |
| Charter Hall Office |
CQO |
$2.56 |
$12,629M |
10.1215 |
102.4000 |
n/a |
-89.9000 |
7.4000 |
0.7000 |
| Stockland |
SGP |
$4.07 |
$9,625M |
18.6935 |
13.3000 |
-45.4500 |
53.3000 |
5.8600 |
5.6000 |
| GPT Group |
GPT |
$3.06 |
$5,678M |
76.5000 |
76.5000 |
-83.7000 |
0.0000 |
1.0000 |
1.0000 |
| Peet |
PPC |
$1.87 |
$568M |
14.0898 |
12.2914 |
2.2614 |
14.6316 |
4.2781 |
4.8128 |
|
| PPC |
-10.9524 |
-10.0962 |
-0.2667 |
| Sector |
n/a |
n/a |
n/a |
| Market |
3.6177 |
-3.1195 |
2.8483 |
|
| P/E (x) |
FY07 |
9.4 |
12.6 |
15.4 |
|
FY08 |
9.2 |
6.8 |
10.1 |
| Yield (%) |
FY07 |
9.4 |
10.4 |
5.2 |
|
FY08 |
8.1 |
12.9 |
5.2 |
| EV/EBIT (x) |
FY07 |
13.3 |
11.3 |
10.5 |
|
FY08 |
11.6 |
13.4 |
14.0 |
| EV/EBITDA (x) |
FY07 |
13.2 |
10.9 |
12.5 |
|
FY08 |
11.5 |
13.0 |
12.0 |
|
| T Lennon |
Chairman |
| B Gore |
Managing Director/Chief Executive Officer |
| S Higgs |
Director |
| G W Sinclair |
Director |
| A Lennon |
Director |
| Mr W Hemsley |
Independent Non-Executive Director |
|
| T Lennon |
Chairman |
| B Gore |
Chief Executive Officer/Managing Director |
| S Grant |
Acting CFO |
| P Lynch |
Manager, Operations WA |
| K Hardy |
Manager, Operations Queensland |
| D Scafetta |
Company Secretary |
|
| I M Palmer |
8.4300 |
| Perpetual Limited |
8.1300 |
| Warwick Donald Hemslcy |
7.1400 |
| THE MAYER FAMILY COMPANY PTY LTD |
6.4200 |
|
| 16-Apr-2010 |
Dividend Date Payable for Half Yearly Result
(4c 100% franked)
|
| 30-Mar-2010 |
Dividend Record Date for Half Yearly Result
(4c 100% franked)
|
| 24-Mar-2010 |
Dividend Ex-Dividend Date for Half Yearly Result
(4c 100% franked)
|
| 08-Oct-2009 |
Dividend Date Payable for Final Year Result
(4.0c 100% franked)
|
| 18-Sep-2009 |
Dividend Record Date for Final Year Result
(4.0c 100% franked)
|
|
|
Data supplied by Aegis Equities Research Pty Limited (ACN 085 293 910).
|
|
Membership benefits...
- 100% entry fee rebates
- Cash back on your managed fund investments with our innovative TrailCap™ program
- Independent research on...
- over 1,000 managed funds
- over 300 ASX-listed Companies
- top performing suburbs/postcodes
- Access to IPOs/floats & other investment offers
- Superior investment tools...
- Portfolio manager
- Watchlists
- Alerts
- Regular investment e-newsletter
|
Advertisement
eNewsletter |
Keep up to date with new investments and important news - subscribe to our FREE weekly eNewsletters. Sign up now! |
|
 |
An educational booklet which is for people who want to know how they can best use their money to generate cash income.
More details...
|
Featured Promotions
Sydney Morning Herald 3/09/2010 | MINING
Sydney Morning Herald 3/09/2010 | THE former Foster's Group chief executive, Trevor O'Hoy, has broken his silence over the future of the beverages giant he once led, saying a demerger of its wine and beer businesses makes perfect sense in today's investment climate.
The Age 3/09/2010 | TREVOR O'Hoy, the former Foster's Group chief executive who was at the helm when it made its ill-fated acquisition of wine business Southcorp for $3.7 billion, says the proposed corporate split makes perfect sense in the present climate.
Sydney Morning Herald 3/09/2010 | SHARES worth millions of dollars in Australian-listed companies have been frozen by the Federal Court as the Tax Commissioner pursues companies linked to a Swiss-based Belgian businessman over $28 million of outstanding tax assessments.
The Age 3/09/2010 | THE Federal Court has extended a freeze order on shares worth millions of dollars in Australian-listed companies as the tax commissioner pursues companies linked to a Swiss-based Belgian businessman over $28 million of outstanding tax assessments.
Sydney Morning Herald 3/09/2010 | A decision this week by the Administrative Appeals Tribunal to overturn an order by the Australian Securities and Investments Commission to ban the head of Tricom, Lance Rosenberg, from the financial services industry is a win for Rosenberg, a partial public relations win for ASIC but a big win for public disclosure.
More...
|
|
