AURORA FUNDS LIMITED (AFV)



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General Information
Company Name: Aurora Funds Limited
Stock Code: AFV
Website: www.aurorafunds.com.au
GICS Sub-Industry: Other Diversified Financial Services
Market Cap ($M): 3
Equiv. Shares (M): 9

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.350 $ 0.000 $ 0.000 $ 0.000 $ 0.350 0 0%

Company Overview

Business Description:
Aurora Funds Limited (AFV) is an Australian company acting as a fund manager and an issuer of retail and wholesale funds in the Australian market. As at 30 June 2012, AFV’s total estimated fund under management and administration is $479.6m. The Company comprises three main businesses: Aurora Funds Management Ltd; Sandringham Capital Pty Ltd; and Fortitude Capital Pty Ltd.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -0.9 -9.7 -- 0.0 0.0 0.0 --
2011  A -1.1 -12.9 -- 0.0 0.0 0.0 --
2009  A 0.0 -- -- -- 0.0 -- --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2011 F 2012 F 2009 A 2011 F 2012 F 2009 A 2011 F 2012 F
Aurora Funds (AFV) $3 M -- -- -- -- -- -- 0.0000 -- --
IOOF (IFL) $2,064 M -0.1406 0.1266 0.1283 21.5254 19.1060 16.9333 0.0416 0.0465 0.0517
Macquarie Group (MQG) $15,503 M 0.2165 0.4295 0.1146 18.5453 12.9736 11.6399 0.0438 0.0545 0.0618
Perpetual (PPT) $1,902 M 0.1615 0.1182 0.1807 26.9430 24.0947 20.4072 0.0199 0.0260 0.0368
Platinum Asset Mgmt (PTM) $3,109 M -0.1447 0.0036 0.1749 24.2559 24.1700 20.5727 0.0385 0.0380 0.0465

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
AFV -- -- 0.56 -- 1.08
Market 1.08 13.3 0.91 2.59 2.57
Sector 1.23 19.9 1.15 1.35 5.29

Directors
Name Position Start Date
Mr Ian Steuart Roe Executive Chairman,Managing Director 19 April 2010
Mr Alastair John Davidson Executive Director (other) 19 April 2010
Mr Simon Lindsay Executive Director (other) 19 April 2010
Mr John Frederick Corr Executive Director (other) 19 April 2010

Management
Name Position
Chrys Wickremeratne Chief Financial Officer

Substantial Shareholders
Holding Name
650,000 (7.27%) Oliver John Morgan
650,000 (7.27%) Hugh Latimer & Company Pty Ltd
650,001 (7.27%) Alastair John Davidson, Ronnscam Pty Ltd, AD Family Pty Ltd
908,220 (10.15%) John Frederick Corr, Cherry Corr, Knoxy Holdings Pty Ltd
650,001 (7.27%) Simon Angus Lindsay, SALindsay Investments Pty Ltd, S&N Lindsay Investments Pty Ltd
449,999 (5.03%) HSI No 1 Pty Ltd ATF HSI Unit Trust
2,371,956 (26.51%) Ian Steuart Roe, Jeni Luleveska, Trafalgar Street Nominees Pty Ltd
650,001 (7.27%) Richard Grosvenor Matthews, RGM et al Pty Ltd, RGM Super Pty Ltd

Calendar of Events
Date Event
14 February 2014 Report (Interim)
20 September 2013 Report (Annual)
20 September 2013 Report (Prelim)
09 September 2013 Report (Prelim)
30 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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