| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
FY24 Results Investor Presentation
|
22 Aug 2024 9:36AM |
$1.245 |
$1.720 |
risen by
38.15%
|
|
PPC - Price-sensitive ASX Announcement
Full Release
Key Points
- Peet Limited's dividend payout ratio is 50-60%
- The on-market share buy-back was extended
- Lot sales in FY24 increased by 79% compared to FY23
- Group revenue in FY24 was $314.4 million, a decrease from $363.7 million in FY23
- EBITDA for FY24 was $66.7 million, down from $107.0 million in FY23
- Operating profit after tax for FY24 was $36.6 million, a 48% decrease from FY23
- EPS for FY24 was 7.77 cents, down from 14.79 cents in FY23
- Final dividend for FY24 is 4.25 cents per share, down from 7.50 cents in FY23
- Book NTA per share increased to $1.31 in FY24 from $1.28 in FY23
- The Group is focusing on strategic investments in high-quality land and expanding its product offering
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Peet Well Positioned for FY25 Earnings Growth
|
22 Aug 2024 9:31AM |
$1.245 |
$1.720 |
risen by
38.15%
|
|
PPC - Price-sensitive ASX Announcement
Full Release
Key Points
- Peet Limited announced its results for the year ended 30 June 2024.
- Operating and statutory profit after tax of $36.6 million.
- Earnings per share of 7.77 cents per share.
- FY24 dividends of 4.25 cents per share, fully franked.
- 2,504 lots sold and revenue of $314.4 million.
- EBITDA margin of 21% on EBITDA of $66.7 million.
- Contracts on hand worth $481.2 million as at 30 June 2024.
- Gearing of 34.8% due to significant land vendor payments and investments.
- Final FY24 dividend declared at 2.75 cents per share, fully franked.
- Peet expects mixed market conditions with potential growth in WA, Qld, and SA.
- Peet's projects in Vic and ACT/NSW show improvement in market conditions.
- The company has a strong balance sheet with financial capacity to fund current projects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Dividend/Distribution - PPC
|
22 Aug 2024 9:27AM |
$1.245 |
$1.720 |
risen by
38.15%
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Appendix 4E and FY24 Financial Report
|
22 Aug 2024 9:26AM |
$1.245 |
$1.720 |
risen by
38.15%
|
|
PPC - Price-sensitive ASX Announcement
Full Release
Key Points
- Operating profit and statutory profit after tax of $36.6 million.
- Revenue of $314.4 million, with 2,418 lots settled.
- Dividend of 4.25 cents per share, fully franked, for FY24.
- EBITDA margin of 21% on EBITDA of $66.7 million.
- $481.2 million worth of contracts on hand as at 30 June 2024.
- Gearing of 34.8%.
- Cash and available debt facility headroom of $140.6 million as at 30 June 2024.
- Net tangible assets per security – book value $1.31.
- Subsequent to 30 June 2024, the Directors declared a final fully franked dividend of 2.75 cents per share.
- Lower overall settlements in FY24 compared to FY23, impacting net profits.
- Peet has strong balance sheet and sufficient financial capacity to fund current projects.
- Peet Limited has extended its on-market share buy-back program.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Full Year Results Conference Call Details
|
14 Aug 2024 10:15AM |
$1.250 |
$1.720 |
risen by
37.60%
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Notification of buy-back - PPC
|
1 Aug 2024 1:54PM |
$1.285 |
$1.720 |
risen by
33.85%
|
|
PPC - Price-sensitive ASX Announcement
Full Release
Key Points
- Announcement date: 1/8/2024
- Company: Peet Limited
- ASX Security code: PPC
- Type of buy-back: On market
- Total securities on issue: 468,954,197
- Maximum number of securities to be bought back: 24,499,027
- Broker: UBS Securities Australia Limited
- Buy-back start date: 2/9/2024
- Buy-back end date: 1/9/2025
- No security holder approval needed
- Extension of existing buy-back program from 2018
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Atria Development Dispute
|
18 Jul 2024 2:21PM |
$1.250 |
$1.720 |
risen by
37.60%
|
|
PPC - Price-sensitive ASX Announcement
Full Release
Key Points
- Peet Development Management Pty Limited (PDM) is facing claims related to its former role as development manager of the Atria mixed use development in ACT.
- Eyre Kingston Pty Ltd, a special purpose vehicle created for the Atria Development, has two equal shareholders: CIC Projects Pty Ltd (a subsidiary of Peet) and Griffin Q Pty Ltd.
- A development agreement, lease agreement, development management agreement, and co-owners agreement governed the Atria Development.
- All apartments in the Atria Development were completed and sold, and the commercial component was transferred to DTM.
- Due to a deadlock between Eyre Kingston's directors and shareholders, CIC applied to the Federal Court to wind up Eyre Kingston, which was subsequently placed into liquidation.
- DTM acquired certain claims allegedly held by Eyre Kingston through a process implemented by the liquidators.
- Supabarn Supermarkets Pty Ltd (a Griffin Q related entity) commenced proceedings against DTM and Eyre Kingston, and DTM has joined PDM to this NSW Supreme Court proceeding.
- PDM denies the claims and intends to defend them.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Notification of cessation of securities - PPC
|
12 Jul 2024 12:08PM |
$1.230 |
$1.720 |
risen by
39.84%
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Daily share buy-back notice
|
8 Jul 2024 9:06AM |
n/a |
$1.720 |
n/a
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Notification of cessation of securities - PPC
|
5 Jul 2024 3:55PM |
n/a |
$1.720 |
n/a
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Daily share buy-back notice
|
5 Jul 2024 10:24AM |
n/a |
$1.720 |
n/a
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Notification regarding unquoted securities - PPC
|
4 Jul 2024 6:36PM |
n/a |
$1.720 |
n/a
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Daily share buy-back notice
|
1 Jul 2024 10:05AM |
$1.210 |
$1.720 |
risen by
42.15%
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Notification of cessation of securities - PPC
|
21 Jun 2024 3:24PM |
$1.205 |
$1.720 |
risen by
42.74%
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Daily share buy-back notice
|
20 Jun 2024 8:39AM |
$1.235 |
$1.720 |
risen by
39.27%
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Daily share buy-back notice
|
18 Jun 2024 8:44AM |
$1.220 |
$1.720 |
risen by
40.98%
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Notification of cessation of securities - PPC
|
14 Jun 2024 4:14PM |
$1.205 |
$1.720 |
risen by
42.74%
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Daily share buy-back notice
|
14 Jun 2024 8:16AM |
$1.205 |
$1.720 |
risen by
42.74%
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Change of Directors Interest Notice for Mr T J Allen
|
13 Jun 2024 8:20AM |
$1.210 |
$1.720 |
risen by
42.15%
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Notification of cessation of securities - PPC
|
7 Jun 2024 12:32PM |
$1.240 |
$1.720 |
risen by
38.71%
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Daily share buy-back notice
|
3 Jun 2024 8:25AM |
$1.220 |
$1.720 |
risen by
40.98%
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Notification of cessation of securities - PPC
|
31 May 2024 5:39PM |
$1.220 |
$1.720 |
risen by
40.98%
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Daily share buy-back notice
|
31 May 2024 8:43AM |
$1.200 |
$1.720 |
risen by
43.33%
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Daily share buy-back notice
|
30 May 2024 8:47AM |
$1.195 |
$1.720 |
risen by
43.93%
|
|
| Peet Limited (PPC) ORDINARY FULLY PAID |
Real Estate |
$805 |
Change in substantial holding
|
29 May 2024 4:51PM |
$1.195 |
$1.720 |
risen by
43.93%
|
|