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The deal will see Golden Egg Farms’ 26,642 square metre site on Leach Highway turned into 254 medium density apartments.

Finbar strikes Palmyra deal

The owners of egg producer Golden Egg Farms are set to reap a big profit after striking a deal with apartment developer Finbar Group for a $109 million project in Palmyra.

Under the terms of the deal, Golden Egg Farms’ 26,642 square metre site on Leach Highway will be turned into 254 medium-density apartments.

Golden Egg Farms will provide the land for development, Finbar will contribute the working capital and obtain finance, and the two parties will share equally in development profits.

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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 31/08/16

1 year TSR5 year TSR
87thOTOC220%11%
442ndMatrix Composites & Engineering5%-36%
461stNeptune Marine Services2%7%
585thKresta Holdings-19%-8%
605thFinbar Group-23%8%
777 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

25/08/16
$208k Issued
09/06/16
$0 Other
09/06/16
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

42nd-Neptune Marine Services$121.1m
43rd↓OTOC$120.9m
44th↓Finbar Group$108.4m
45th↑Kresta Holdings$104.0m
46th↓Matrix Composites & Engineering$96.0m
198 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Finbar Group

50thDarren Pateman$1.083m
59thJohn Chan$1.043m
245thEdward Bank$514k
Ranked by total remuneration from all listed WA companies

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