www.investsmart.com.au

Search
Sunland Group Limited (SDG)

Sunland Group Limited (SDG)

  Print

Gearing Available  Margin Lending Available (55%)

Welcome to InvestSMART

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!


General Information
Company Name: Sunland Group Limited
Stock Code: SDG
Website: www.sunlandgroup.com.au
Market Cap ($M): 195
Equiv. Shares (M): 290

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
  $ 0.690 $ 0.660 $ 0.690 $ 0.660 $ 0.665 342,720 $ 0.025  3.759 %

Current Broker Consensus Recommendation more
Recommendation : Hold
Recommendation Date : 26th Aug 2010
12 Month Target Price (average) : $0.74
Brokers Surveyed : 1

Market Statistics
% of Market: 0.0100
% of Sector: n/a
Sector: Financials
Industry Group: Real Estate
Industry: Real Estate Management & Development

Company Overview
Company Overview
SDG is a property development and management company operating in urban development, residential housing, multi-storey development and hotel management. The company currently has operations in the Gold Coast, northern NSW, Victoria, Brisbane, Sydney and Dubai.
Company History
The company was co-founded in 1983 by Foad Fathi and Soheil Abedian initially, focusing on building homes in select suburbs on Queensland's Gold Coast. In the early 1990s, SDG expanded into land subdivision and high-rise developments. The company was incorporated as a public company in 1994 and listed on the ASX in 1995. As of December 2008, the company had approximately 3,123 units (unsold and contracted) in its Australian construction pipeline.
Differentiating Factor
SDG has four divisions: high-rise residential development and construction; residential housing development and construction; land subdivision; and tourism, as owners and operators. It developed the world's largest residential tower on the Gold Coast and owns and manages the Versace Hotel on the Gold Coast. The group specialises in developing premium quality residential and hotel properties targeted at high-end customers. Many of its developments feature unique architectural designs.
Major Customers & Competitors
Major competitors include other diversified property groups that focus on capital growth in commercial, industrial and retail sectors, from Lend Lease, Australand and FKP to a large number of private property developers. SDG's customer base ranges from owner-occupiers to residential property investors.

Financial Summary
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 -26.0 3.1 0.2 0.2 19.6
2008 37.4 2.3 0.2 0.3 20.3
2009 -46.2 4.2 0.2 2.8 4.3
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.

Peer Comparison
P/E (x) EPS Change (%) Dividend Yield (%)
Company Code Last Price Mkt Cap 07A 08F 07A 08F 07A 08F
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
Sunland Group SDG $0.67 $195M 13.2241 7.1735 -69.2122 84.3462 1.4925 6.7164

Share Price Returns
3 Months (%) 6 Months (%) 12 Months (%)
SDG -4.2857 -12.9870 -12.9870
Sector n/a n/a n/a
Market 3.6177 -3.1195 2.8483

Ratio Comparison
Year SDG Sector Market
P/E (x) FY07 3.1 12.6 15.4
FY08 2.3 6.8 10.1
Yield (%) FY07 19.6 10.4 5.2
FY08 20.3 12.9 5.2
EV/EBIT (x) FY07 1.2 11.3 10.5
FY08 1.3 13.4 14.0
EV/EBITDA (x) FY07 1.2 10.9 12.5
FY08 1.3 13.0 12.0

Directors
Name Position
S Abedian Managing Director
S Abedian Director
J S Leaver Director
T Jackman Chairman
R Eames Non-Executive Director
Mr G Wein Director

Management
Name Position
S Abedian Managing Director

Substantial Shareholders
Name % Holding
Pacific Development Corp. 21.7600
Havannah 13.7600
J D Packer 13.0000
CVC 9.5700
Orbis Investment Management 5.9600
CVC Communications 5.1500
Paradice Investment Management Pty Ltd 5.1340
FMR Corp. and Fidelity Investments 5.0200

Calendar of Events
Date Event
27-Nov-2009 AGM Date for Final Year Result
26-Aug-2009 Reporting Date for Final Year Result
27-Mar-2009 Dividend Date Payable for Half Yearly Result (3c 100% franked)
13-Mar-2009 Dividend Record Date for Half Yearly Result (3c 100% franked)
06-Mar-2009 Dividend Ex-Dividend Date for Half Yearly Result (3c 100% franked)


Data supplied by Aegis Equities Research Pty Limited (ACN 085 293 910).
Search for Managed Funds, Superannuation Funds and Retirement Funds Find a Managed Fund Reduce your fees and save money on your Managed Funds with our 100% Entry Fee Rebate 100% Entry Fee Rebate

Login
Email
Password
     Log me in automatically in future
Forgotten password? | Secure Login | Terms & Conditions
Free Membership

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

Portfolio / Watchlist

Start a new portfolio / view your existing portfolio.
Track all your assets and manage your investments easily.

Trade Shares Online from $19.95^

eNewsletter

Keep up to date with new investments and important news - subscribe to our FREE weekly eNewsletters. Sign up now!

Free Guides

The Essential Guide to Choosing A Financial Planner

An educational booklet about the specialised professionals who help people with their money-related requirements - especially superannuation.

More details...

Featured Promotions


News

Briefs

Sydney Morning Herald 3/09/2010 | MINING

Hard to swallow Former Foster's boss backs break-up of drinks giant

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.

Foster's demerger 'logical'

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.

Court action freezes multimillion-dollar share holdings

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.

Belgian pursued for $28m

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.

Perils of highly leveraged margin lending exposed

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...



Advertisement