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ARMIDALE INVESTMENT CORPORATION LIMITED (AIK)


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General Information
Company Name: Armidale Investment Corporation Limited
Stock Code: AIK
Website:
GICS Sub-Industry: Other Diversified Financial Services
Market Cap ($M): 8
Equiv. Shares (M): 180

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.043 $ 0.000 $ 0.000 $ 0.000 $ 0.043 0 0%

Company Overview

Business Description:
Armidale Investment Corporation Limited (AIK, formerly Wallace Absolute Return Limited) is engaged in the investment activities conducted predominantly in Australia. AIK focuses on investments in shares, loans and debentures in HAL Data Services Pty Limited.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -0.4 -0.2 -- 0.0 0.0 0.0 --
2011  A -0.8 -0.7 -- 0.0 0.0 0.0 --
2010  A -2.3 -2.3 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Armidale Investment Corporation (AIK) $8 M -- -- -- -- -- -- 0.0000 -- --
IOOF (IFL) $2,043 M -0.1406 0.1269 0.1281 21.3075 18.9085 16.7619 0.0420 0.0470 0.0522
Macquarie Group (MQG) $15,515 M 0.2165 0.4301 0.1148 18.5575 12.9763 11.6395 0.0438 0.0545 0.0618
Perpetual (PPT) $1,902 M 0.1615 0.1186 0.1809 26.9370 24.0817 20.3925 0.0199 0.0260 0.0381
Platinum Asset Mgmt (PTM) $3,143 M -0.1447 0.0036 0.1749 24.5224 24.4356 20.7988 0.0380 0.0376 0.0460

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
AIK 2.12 -- 0.29 --
Market 1.10 12.9 0.91 2.56
Sector 1.24 20.1 1.16 1.34

Directors
Name Position Start Date
Mr Andrew John Grant Executive Director 24 July 2012
Mr Gabriel Radzyminski Non-Executive Chairman 21 September 2010
Mr Mark Smith Non-Executive Director 21 September 2010
Mr Steve White Non-Executive Director 21 September 2010

Management
Name Position
Michael John Birch Chief Executive Officer
David Franks Company Secretary

Substantial Shareholders
Holding Name
34,963,384 (21.61%) GEGM Investments Pty Ltd
65,440,163 (40.46%) Presmore Pty Ltd ATF Smith Family Trust

Calendar of Events
Date Event
26 February 2014 Report (Interim)
09 October 2013 Report (Annual)
28 August 2013 Report (Annual)
28 August 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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