Last A$2.50 AUD
Change Today +0.02 / 0.81%
Volume 70.0K
As of 11:06 PM 12/21/14 All times are local (Market data is delayed by at least 15 minutes).

coventry group ltd (CYG) Snapshot

Open
A$2.49
Previous Close
A$2.48
Day High
A$2.51
Day Low
A$2.47
52 Week High
07/11/14 - A$3.45
52 Week Low
11/10/14 - A$2.25
Market Cap
95.5M
Average Volume 10 Days
23.0K
EPS TTM
A$0.02
Shares Outstanding
38.2M
EX-Date
09/3/14
P/E TM
156.3x
Dividend
A$0.31
Dividend Yield
18.86%
Current Stock Chart for COVENTRY GROUP LTD (CYG)

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coventry group ltd (CYG) Details

Coventry Group Ltd, together with its subsidiaries, distributes industrial products in Australia and New Zealand. The company operates through four segments: Konnect, Fluids, Hardware, and Gaskets. The Konnect segment distributes and markets industrial fasteners, stainless steel fasteners and hardware, construction fasteners, specialized fastener products and systems, and associated industrial tools and consumables. The Fluids segment is involved in the design and installation of lubrication systems; distribution of hose, connectors, fittings, and hydraulic hose assemblies; design and supply of service truck components; installation of fire suppression systems; design and distribution of fluid handling systems and pneumatic components; and sale of hydraulic associated products and consumables, as well as provides rock hammer and repair services. The Hardware segment imports, distributes, and markets hardware, components, and finished products to the commercial cabinet making, joinery, and shop fitting industries. The Gaskets segment manufactures and distributes automotive and industrial gaskets. The company also provides managed system services, including hosting, management, and implementation solutions; and information and communication technology solutions. Coventry Group Ltd was incorporated in 1936 and is headquartered in Redcliffe, Australia.

766 Employees
Last Reported Date: 08/22/14
Founded in 1936

coventry group ltd (CYG) Top Compensated Officers

Executive Chairman and Chairman of Nomination...
Total Annual Compensation: A$820.5K
Chief Financial Officer and Company Secretary
Total Annual Compensation: A$247.4K
Compensation as of Fiscal Year 2014.

coventry group ltd (CYG) Key Developments

Coventry Group Ltd Announces Management Changes

Coventry Group Ltd. announced that Mr. Peter Caughey will take on the role of CEO of the company effective January 1, 2015. The Mr. Caughey's taking on the role of CEO, follows the company exercising in September 2014, the termination clause in Roger Flynn's employment contract. Mr. Flynn will cease to be Executive Chairman on January 1, 2015 at which time payment for the last approximately eight and a half months of his notice period and the normal statutory annual leave and long service leave entitlements will be made. Roger Flynn will hand over the Chairmanship of the Board and resign as a Non Executive Director on January 23, 2015. As a consequence of that and after careful consideration, the Board announced that newly appointed Director, Mr. Neil Cathie will succeed Roger Flynn as Chairman of the Board. Upon the resignation of Roger Flynn from the Board, it is intended that Mr. Caughey be appointed a Director of the company.

Coventry Group Ltd Announces Management Changes

Coventry Group Ltd. announced that Mr. John Nickson, having turned 70, will retire from the Board in September 2014. Mr. Barry Nazer will retire from the Board at the 2015 AGM after having completed 12 years of service and does not intend to stand for re-election at that time. Consequently, the Coventry Board, with external assistance, has conducted a thorough search for Non-Executive Directors to renew Board and announced that Mr. Nick Willis and Mr. Neil Cathie have agreed to join Board effective September 19, 2014 when Mr. John Nickson retires. Mr. Willis has extensive and highly relevant experience in industry spaces including leading the national marketing and operation functions in ACI Insulation and Laminex Industries and as Group General Manager at Ramset Building Products. Mr. Cathie has extensive experience in very relevant areas including having over 27 years been the Chief Financial Officer, Company Secretary and General Manager Finance and IT at Reece Australia Ltd. The Board announced that it has decided it will move from having an Executive Chairman to having a Non-Executive Chairman and a separate CEO. The exact timing of the changeover has not been finalized but it will be within 12 months. The Board announced that the CEO designate is Peter Caughey. Peter is currently the Leader of Coventry's Konnect and Artia businesses and has been with the company for 2 years. Previously, he held a range of senior leadership positions with Brickworks Ltd. and CSR. The Board has asked Roger Flynn to take on the role of Non-Executive Chairman for a period after Peter becomes CEO to affect the best transition possible.

Coventry Group Ltd. Appoints Keith Smith as Company Secretary

Coventry Group Ltd. has appointed Keith Smith, the group’s chief financial officer as a second Company Secretary with effect from September 3, 2014.

 

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Industry Average

Valuation CYG Industry Range
Price/Earnings 100.0x
Price/Sales 0.4x
Price/Book 0.6x
Price/Cash Flow 15.5x
TEV/Sales 0.2x
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