Peet plans $81.5m rights issue

Property developer Peet plans to raise $81.5 million through a rights issue, with around two-thirds of the raising underwritten by company directors and UBS.


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PEET - not for ethical investors! PEET's record as the company that desecrated the environmentally sensitive "Elbow", on the confluence of the Collie and Brunswick River in Australind, is the single biggest reason why ethical investors will avoid this company. It is not good enough for public companies to hide behind a veneer of respectability while they target areas of high conservation. "The Elbow" attests to PEET's 'who cares' culture. Maybe OK for those who don't care how they make their money, but avoided like the plague by anyone with a conscience. Brendan Kelly Bunbury

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Peet (PPC)

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 31/08/18

1 year TSR5 year TSR
339thGR Engineering Services9%27%
465thDecmil Group-5%-14%
574thFleetwood Corporation-22%-4%
737 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Bought
$0 Other
$0 Other
Total value as at the date of the transaction
Source: Morningstar


18th↑Decmil Group$341.6m
21st↑GR Engineering Services$284.0m
22nd↑Fleetwood Corporation$266.8m
237 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Peet

5thBrendan Gore$3.735m
22ndPeter Dumas$1.373m
72ndDom Scafetta$825k
Ranked by total remuneration from all listed WA companies

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