Last A$10.78 AUD
Change Today +0.37 / 3.55%
Volume 23.9K
As of 2:11 AM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

treasury group ltd (TRG) Snapshot

Open
A$10.30
Previous Close
A$10.41
Day High
A$10.80
Day Low
A$10.24
52 Week High
08/25/14 - A$11.47
52 Week Low
12/18/13 - A$8.06
Market Cap
255.5M
Average Volume 10 Days
24.6K
EPS TTM
A$0.48
Shares Outstanding
23.7M
EX-Date
08/26/14
P/E TM
22.4x
Dividend
A$0.71
Dividend Yield
6.63%
Current Stock Chart for TREASURY GROUP LTD (TRG)

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treasury group ltd (TRG) Details

Treasury Group Ltd, through its subsidiaries, provides funds management services to institutions, master funds and wraps, retail investors, and private clients in Australia. Its investment and financial services include equity and debt capital investment; distribution and marketing services; responsible entity services; and other business support services, such as risk and compliance, accounting, finance, HR, and operations. The company is based in Sydney, Australia.

17 Employees
Last Reported Date: 08/20/14

treasury group ltd (TRG) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$799.1K
Chief Financial Officer and Additional Compan...
Total Annual Compensation: A$558.2K
Compensation as of Fiscal Year 2014.

treasury group ltd (TRG) Key Developments

Treasury Group Ltd Announces Audited Consolidated and Parent Earnings Results for the Full Year Ended June 30, 2014

Treasury Group Ltd. announced audited consolidated parent earnings results for the year ended June 30, 2014. For the year on consolidated basis, the company announced revenue of AUD 2,323,656 compared to AUD 4,303,143 for the same period a year ago. Consolidated net profit after tax totaled AUD 13,062,000 for the year, representing an increase of 26% on the prior year of AUD 10,391,000, a year ago. Net profit after tax increased as a result of cost and expense management and the increased contribution by partner boutiques due to strong performance and steady growth in FUM. Profit for the year attributable to members of the parent was AUD 13,061,814 against AUD 10,390,514, for the same period a year ago. Basic and diluted earnings per share attributable to members of the parent were 56.6 cents against 45.0 cents, for the same period a year ago. Net profit before income tax was AUD 15,187,652 compared to AUD 10,803,395 for the same period a year ago. Net cash flow from operating activities was AUD 12,160,077 compared to AUD 10,909,820 for the same period a year ago. Purchase of plant and equipment was AUD 15,224 against AUD 10,609 a year ago. Purchase of intangible assets was AUD 1,817. On an underlying basis, the company's profits were AUD 14,035,518, representing an increase of 27% on the prior year of AUD 11,024,317. The key drivers for the increase in profit growth were improved market conditions and strong performances from RARE Infrastructure and Investors Mutual Limited (IML). Net cash flow from operating activities increased by AUD 1.3 million, to AUD 12.2 million or by 11% over the year. This increase arose from the consistent dividend and distribution payments from the equity accounted investments to Treasury Group Ltd. On parent basis for the year, the company reported profit of AUD 14,203,006 against AUD 8,352,307 a year ago.

Jeff Vincent and Gilles Guerin Join the Treasury Group Board as Non-Executive Directors

Jeff Vincent, CEO of Laird Norton, and Gilles Guerin, CEO of BNP Paribas Capital Partners, will join the Treasury Group (TRG) Board as non-executive directors.

Treasury Group Limited, Northern Lights Capital Group, Agree to Form Global Company

Northern Lights Capital Group has agreed to a combination transaction with Treasury Group Limited. Northern Lights and Treasury Group will each contribute their businesses to a jointly owned company that will continue to provide strategic support to boutique asset managers worldwide. The combined company is expected to hold interests in boutique asset managers that collectively have more than $46 billion of AUM as of June 30, 2014. In addition to creating an expanded global sourcing and distribution platform, the transaction is expected to provide both Northern Lights and Treasury Group increased diversification through its newly combined group of 21 boutiques across a wide range of asset classes. The merger is also expected to provide broader access to Europe, where both Treasury Group and Northern Lights currently have a presence. Upon closing, management and operations expect to be integrated and the business plans to operate as one group under the direction of a common Board of Directors. Shares of Treasury Group will continue to trade on the Australian Stock Exchange. Subject to regulatory approvals and customary closing conditions, the transaction is expected to close in the fourth quarter of 2014. William Blair acted as financial advisor to Northern Lights in the transaction.

 

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Industry Analysis

TRG

Industry Average

Valuation TRG Industry Range
Price/Earnings 17.7x
Price/Sales 73.1x
Price/Book 3.6x
Price/Cash Flow 18.2x
TEV/Sales 71.0x
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