An rendering of the Palmyra proposal, by SS Chang Architects.

Finbar lodges DA for Palmyra low rise

Apartment specialist Finbar Group has kicked off 2017 with a fresh development application, lodging plans for its 258-dwelling low-rise apartments project at the Golden Egg Farms site on Leach Highway in Palmyra.

Metropolitan central development assessment panel documents indicate the build has a construction value of $40 million, while it has been recommended for approval by the City of Melville.

Finbar has previously estimated the project’s end value to be $109 million.


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Finbar Group (FRI)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 28/02/17

1 year TSR5 year TSR
151stResource Development Group136%-35%
275thJoyce Corporation59%37%
466thFinbar Group12%5%
527thMerchant House International0%14%
676thCash Converters International-30%-8%
694 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$43k Bought
$44k Bought
$44k Bought
Total value as at the date of the transaction
Source: Morningstar


43rd↓Finbar Group$108.4m
46th-Merchant House International$95.5m
47th↓Cash Converters International$91.6m
50th↑Resource Development Group$69.5m
51st↑Joyce Corporation$56.8m
221 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Finbar Group

103rdDarren Pateman$876k
134thJohn Chan$751k
367thRonald Chan$416k
Ranked by total remuneration from all listed WA companies

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