CALLIDEN GROUP LIMITED (CIX)



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General Information
Company Name: Calliden Group Limited
Stock Code: CIX
Website: www.calliden.com.au
GICS Sub-Industry: Reinsurance
Market Cap ($M): 73
Equiv. Shares (M): 227

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.320 $ 0.320 $ 0.320 $ 0.320 $ 0.320 2,000 0%

Company Overview

Business Description:
Calliden Group Limited (CIX) provides general insurance products through a variety of channels including fully owned agencies, as a joint venture investor and as an APRA regulated insurer and underwriter Calliden Insurance Ltd. The focus is on the Australian intermediated insurance market including brokers and authorised representatives, small businesses and householders.


Financial Summary
Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A 1.1 0.5 -- 28.4 0.0 0.0 100.0
2011  A -10.2 -4.5 -202.3 0.0 0.0 0.0 --
2010  A 10.1 4.4 -- 5.7 1.0 4.0 100.0
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
Calliden Group (CIX) $73 M -- -- -- 66.6667 -- -- 0.0000 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
CIX 1.78 66.7 0.76 --
Market 0.94 12.3 0.82 1.92
Sector 0.70 13.7 1.21 1.34

Directors
Name Position Start Date
Mr Nicholas George Kirk Chief Executive Officer,Managing Director 01 January 2005
Mr Richard James Hill Non-Executive Chairman 19 April 2000
Mr Maurice William Loomes Non-Executive Director 24 October 2000
Mr Jack Theseus Lowenstein Non-Executive Director 19 April 2000
Mr John Ian Messenger Non-Executive Director 24 May 2007
Anthony Vincent Connon Non-Executive Director 21 September 2007
Mr Gordon Geoffrey Marsden Smith Non-Executive Director 23 October 2008

Management
Name Position
Nicholas (Nick) John Victor Geddes Company Secretary

Substantial Shareholders
Holding Name
46,199,097 (20.38%) Hunter Hall Investment Management Limited
17,577,459 (7.75%) Challenger Financial Services Group Ltd
18,464,216 (8.15%) Celeste Funds Management Limited (formerly Souls Funds Management Limited)
30,142,850 (13.30%) Australian Unity Strategic Holdings Pty Ltd
13,875,584 (6.12%) Greencape Capital Pty Ltd

Calendar of Events
Date Event
21 April 2014 Report (Annual)
28 February 2014 Report (Prelim)
27 February 2014 Report (Prelim)
22 August 2013 Report (Interim)
© 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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