St Laurence Property & Finance Limited Convertible notes
Description:
St Laurence Property & Finance Limited (SLPF) is an active
property investor with a diversified portfolio of property related
investments and operating activities. It has in excess of $370 million of
property based assets, including investment properties, property
developments and financing assets. To date SLPF has issued 83 million of
mandatory convertible notes which are traded on the Unlisted facility, and
$80 million of bonds listed on the NZDX.
SLPF is managed by St Laurence Limited, a substantial Australasian property investment and finance group. St Laurence focuses on four main areas of business activity - funds management, asset management, fund investment and property-based lending. The group manages more than $1 billion of assets for over 16,000 investors, and provides a range of property-backed fixed interest and other property-based investment products.
Website: http://www.stlaurence.co.nz
Recent announcements: click here
Terms:
The convertible property notes carry interest at 9.0% per annum. The
convertible property notes will convert automatically into fully paid ordinary
shares of the Company on the basis of one share for one convertible
property note on 1 December 2008.
|
Year |
2002 |
2003 |
2004 |
2005 |
2006 |
Average
GR |
Compounding
GR |
|
Gross
growth rates |
|
|
|
|
|||
|
Revenue |
|
41% |
114% |
130% |
36% |
80% |
75% |
|
NPAT |
|
-21% |
292% |
373% |
72% |
179% |
124% |
|
Total
Assets |
|
97% |
298% |
18% |
38% |
113% |
89% |
|
Net
Assets |
|
28% |
1167% |
32% |
42% |
317% |
134% |
|
Per
Share figures and growth |
|||||||
|
Earnings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profitability |
|||||||
|
Return
on Assets |
4.17% |
1.67% |
1.64% |
6.55% |
8.16% |
|
|
|
Equity
Multiplier |
8.50 |
13.10 |
4.12 |
3.70 |
3.61 |
|
|
|
Return
on Equity (ROE) |
35% |
22% |
7% |
24% |
29% |
|
|
|
ROE
(avg E) |
|
24% |
13% |
28% |
35% |
|
|
|
Net
Profit Margin |
24% |
13% |
25% |
51% |
64% |
|
|
|
|
|
|
|
|
|
|
|
|
Liquidity |
|||||||
|
Net
working capital |
|
|
|
$(11,691,000) |
$20,700,000
|
|
|
|
Current
ratio |
|
|
|
0.87 |
1.28 |
|
|
|
Acid
test ratio |
|
|
|
0.87 |
1.28 |
|
|
|
Other |
|||||||
|
Times
interest earned |
|
|
|
1.25 |
1.24 |
|
|
|
Operating
exp/income |
77% |
84% |
76% |
42% |
45% |
|
|
|
|
|
|
|
|
|
|
|
|
Summary
Financials |
|||||||
|
Income |
5320000 |
7568000 |
15667000 |
49275000 |
74114000 |
|
|
|
Expenses |
3948000 |
6108000 |
11713000 |
31524000 |
43270000 |
|
|
|
Tax |
133000 |
485000 |
135000 |
-311000 |
-242000 |
|
|
|
NPAT |
1239000 |
975000 |
3819000 |
18062000 |
31086000 |
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
29690000 |
58540000 |
233136000 |
275654000 |
381004000 |
|
|
|
Liabilities |
26196000 |
54071000 |
176534000 |
201138000 |
275469000 |
|
|
|
Net
Assets |
3494000 |
4469000 |
56602000 |
74516000 |
105535000 |
|
|
| Registered Office: |
Mailing address: PO Box 1894 Wellington |
| Directors: |
Secretary: John Yiappos |
| Auditors: KPMG |
Solicitors: Bell Gully |
| Bankers: |
Registrar: Computershare Investor Services Pty Limited |
| Other: |
|
| Other | Last updated:15-11-2007 |
Company balance date: 31 March
