Business Description:
Thakral Holdings Group (THG) is a property investment company with interest in various hotels, retails, and commercial properties in Australia. THG is involved in the management of these retail centres and commercial properties, and also the development and sale of land and buildings. THG comprises two entities, Thakral Holdings Ltd and Thakral Holdings Trust (THT). The responsible entity for THT is Sovereign Funds Management Ltd, a wholly owned subsidiary of THG.

Strategy Analysis:
With approximately 70% of company earnings coming from hotels, THG is leveraged to global economic conditions. Hotel income is supplemented with the stable returns from retail and commercial and through value adding developments. The company is aiming to reduce debt by selling selected assets in an orderly fashion and hopes to resume paying distributions as soon as possible. Thakral reported net loss of $21.04m for the year ended 30 June 2011. Revenue from ordinary activities were $260.79m, down 14% from last year. Basic and Diluted EPS were (3.6) cents compared to 1.81 cents last year. Net operating cash flow was $61.31m compared to $121.48m last year. The final dividend declared was 10 cents, taking the full year dividend to 10 cents compared with nil cents last year.