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Peet prospectus looks to raise $12m

WESTERN Australian-based listed property developer Peet and Company has lodged a prospectus to raise $12 million for the development of a 65-hectare land parcel in Melbourne into 627 residential lots. The offer is for the issue of 12 million shares at $1 each with 50 cents per share due on application and the remaining due on November 8 2005. Peet has fully underwritten the offer and capital raised will be used as equity to assist in the purchase with development. Peet managing director Warwick Hemsley said the company’s structure – under which Peet acts as an umbrella manager and marketing agency for a large number of individual syndicates – ensured that syndicates were not burdened with high start-up costs associated with paying for their own individual project management in the lead up to development.

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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 29/03/18

1 year TSR5 year TSR
41stEmeco Holdings245%-14%
276thPeet26%6%
287thCash Converters International24%-21%
315thCedar Woods Properties20%9%
498thGR Engineering Services-8%16%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

15/12/17
$0 Issued
12/09/17
$0 Other
12/09/17
$0 Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

21st↑Peet$296.0m
22nd↑Cash Converters International$270.9m
23rd↑GR Engineering Services$239.3m
25th↑Cedar Woods Properties$222.4m
26th↓Emeco Holdings$221.8m
236 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Peet

6thBrendan Gore$3.735m
25thPeter Dumas$1.373m
87thDom Scafetta$825k
Ranked by total remuneration from all listed WA companies

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