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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 28/09/18

1 year TSR5 year TSR
266thGR Engineering Services24%27%
379thPeet0%0%
490thFleetwood Corporation-10%-7%
662ndDecmil Group-38%-15%
713thWellard-48%0%
739 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

07/09/18
$0 Bought
07/09/18
$0 Other
07/09/18
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

18th↑Decmil Group$341.6m
19th↓Wellard$297.4m
20th↑Peet$287.6m
21st↑GR Engineering Services$284.0m
22nd↑Fleetwood Corporation$266.8m
239 listed industrial companies ranked by revenue.
Source: Morningstar

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