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Current Price Data+
Current Price
Open
High
Low
Last Close
Volume
Price Movement
$ 0.770
$ 0.785
$ 0.785
$ 0.765
$ 0.785
2,697,594
$ -0.015 -1.911 %
Current Broker Consensus Recommendation
Recommendation :
Hold
Recommendation Date :
25th Feb 2010
12 Month Target Price (average) :
$0.78
Brokers Surveyed :
1
Market Statistics
% of Market:
0.0100
% of Sector:
0.0432
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 Jun
NPAT Rep $M
NPAT1 Adj $M
EPS c
EPS chg %
PER x
PER rel All Ords x
PER rel Sector x
DPS c
Yield %
Franking %
ROE %
2007A
88.1
66.1
22.3
-26.0
3.5
0.2
0.2
13.5
17.5
100
33.7
2008A
99.0
99.0
30.6
37.4
2.5
0.1
0.2
14.0
18.2
100
18.6
2009A
(145.1)
53.2
16.5
-46.2
4.7
0.2
0.3
3.0
3.9
100
9.6
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
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$ 0.770
