Forager Australian Shares Fund (FOR) - Research


FOR General Information +

GICS Sub-Industry Diversified Capital Markets
Market Cap ($M) N:A
Current Price $1.210
Day High $1.215
Day Low $1.210
Last Close $1.210
Price Movement - ( No change )
Prices as at 16:40, 22 Jul 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

FOR Company Overview

Business Description

Forager Australian Shares Fund (FOR) is an Australian managed investment scheme structured as a unit trust. The Fund offers investors exposure to a portfolio of securities that have been purchased by the Fund at prices the Manager believed were below the value of the securities. The Fund aims to outperform the S&P/ASX All Ordinaries Accumulation Index over a rolling 5-year period. This investment objective is not a forecast and returns are not guaranteed. The Fund is able to invest in securities with both small and large market capitalizations. The Fund is a closed-ended fund which means underlying investments are not required to be sold to meet regular Unitholder redemptions as may be the case with an open-ended fund.

FOR Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2018 A 10.18 11.10 -66.70% 18.20 21.00 10.50% 0.0%
2017 A 28.02 33.10 0.00% 5.80 11.00 5.80% 0.0%

FOR Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2017 A 2018 A 2017 A 2018 A 2017 A 2018 A
Forager Australian Shares Fund (FOR) $138M -0.6665 0.0000 0.0000 10.9502 0.0000 0.0000 17.38% 0.00% 0.00%
Macquarie Group (MQG) $43,327M -0.1644 0.2412 0.0499 18.3180 14.7581 14.0562 4.52% 4.66% 4.86%

FOR Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 10.95 0.76 0.00
Market 0.65 14.70 1.18 1.04
Sector 0.95 13.90 1.04 2.41

FOR Directors

Name Position Start Date
Mr Andrew John McIver Alternate Director 13 Jan 2017
Mr Phillip Anthony Blackmore Alternate Director 6 Jul 2018
Mr Glenn Stephen Foster Executive Director 27 Jul 2015
Mr Michael Henry Vainauskas Executive Director 2 Mar 2015
Ms Vicki Riggio Non-Executive Director 24 Nov 2017
Mr Richard Lyn McCarthy Non-Executive Director 17 Oct 2018

FOR Management

Name Position
Gananatha Nayanajith Minithantri Additional Company Secretary
Eleanor Padman Company Secretary
Sylvie Dimarco Company Secretary

FOR Calendar of Events

Date Event
21 February 2020 Report (Interim)
29 August 2019 Report (Annual)
29 August 2019 Report (Prelim)

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