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TEMPLETON GLOBAL GROWTH FUND LIMITED (TGG)

TEMPLETON GLOBAL GROWTH FUND LIMITED (TGG)

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General Information
Company Name: Templeton Global Growth Fund Limited
Stock Code: TGG
Website: www.tggf.com.au
GICS Sub-Industry: Other Diversified Financial Services
Market Cap ($M): 102
Equiv. Shares (M): 146

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.695 $ 0.695 $ 0.695 $ 0.695 $ 0.695 12,400 0%

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 27th Aug 2009
12 Month Target Price (average): $0
Brokers Surveyed: 1

Company Overview

Business Description:
Templeton Global Growth Fund Limited (TGG) is an investment company focusing on equity securities listed on international stock exchanges. TGG operates under an Australian Financial Services licence, using MSCI All Countries World Index as its benchmark. Franklin Templeton Investments Australia Ltd is TGG’s investment manager.

Strategy Analysis:
TGG aims to achieve long term capital growth from a globally diversified portfolio of investment securities. The primary form of investment is in equity stocks traded on global stock markets. There are no pre-determined weightings or ranges of exposure to particular companies, industries, countries or regions. Accordingly, the country or industry weightings of the investment portfolio may be significantly different to the MSCI All Country World Free Index.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A 1.4 1.0 -47.4 82.0 2.0 2.5 100.0
2010  A 2.7 1.9 -- 43.7 2.0 2.5 --
2009  A -20.0 -13.8 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F
Challenger (CGF) $1,847 M 0.1261 0.0374 0.0473 7.0270 6.7735 6.4677 0.0488 0.0524 0.0568
IOOF (IFL) $1,273 M 0.1448 -0.0970 0.1136 11.5273 12.7650 11.4629 0.0776 0.0704 0.0738
Macquarie Group (MQG) $9,112 M -0.2667 0.2384 0.2555 12.9214 10.4339 8.3105 0.0536 0.0588 0.0713
Platinum Asset Mgmt (PTM) $2,139 M 0.1281 -0.1448 0.0133 14.4757 16.9258 16.7032 0.0656 0.0528 0.0557
Templeton Global (TGG) $102 M -0.4810 -- -- 72.3958 -- -- 0.0288 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
TGG 0.95 72.4 0.65 --
Market 1.12 11.1 0.96 2.31
Sector 0.94 12.3 0.82 3.30

Directors
Name Position Start Date
Mr David Anthony Walsh Non-Executive Chairman 01 January 1998
Mr James (Tony) Anthony Killen Non-Executive Director 03 March 2003
Mr Gregory E McGowan Non-Executive Director 04 January 1999
Ms Jennifer Johnson Bolt Non-Executive Director 07 September 2007
Mr Michael Edward Bartlett Non-Executive Director 15 September 2011
Ms Joanne Dawson Non-Executive Director 09 May 2012

Management
Name Position
Martin F Warwick Company Secretary, General Manager

Substantial Shareholders
Holding Name
7,899,534 (5.49%) Australian Foundation Investment Company Ltd
8,139,762 (5.65%) Maple Brown Abbott Limited
7,365,084 (5.12%) Financial & Investment Management Group Ltd
6,665,131 (4.63%) Questor Financial Services Ltd

Calendar of Events
Date Event
27 March 2013 Report (Interim)
26 February 2013 Report (Interim)
19 September 2012 Report (Annual)
21 August 2012 Report (Prelim)
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