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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 30/11/16

1 year TSR5 year TSR
thOTOC0%0%
342ndNeptune Marine Services25%10%
394thKresta Holdings18%-6%
523rdFinbar Group-8%9%
651stMatrix Composites & Engineering-37%-34%
773 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

24/10/16
$44k Bought
19/10/16
$44k Bought
18/10/16
$44k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

41st-Neptune Marine Services$121.1m
42nd-OTOC$120.9m
43rd↓Finbar Group$108.4m
44th↑Kresta Holdings$104.0m
45th↓Matrix Composites & Engineering$96.0m
204 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Finbar Group

105thDarren Pateman$876k
141stJohn Chan$751k
384thRonald Chan$416k
Ranked by total remuneration from all listed WA companies

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