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Business Description: Charter Hall Group (CHC) is a property fund manager and developer managing a suite of institutional, wholesale and retail unlisted property funds in which it holds investments. The funds are diversified across the office, retail, industrial and residential sectors. CHC has offices in Sydney, Melbourne, Brisbane, Adelaide, Perth, Warsaw and Chicago. CHC’s business comprises three divisions namely property investment, property funds management and development investment.
Strategy Analysis: CHC aims to be Australia´s leading specialist property fund manager, operating a vertically integrated business model and offering a suite of products across the risk return spectrum with a particular focus on a superannuation industry client base. Using extensive in-house resources, CHC seeks to undertake active property management and capital management to optimise both property and fund returns.
Charter Hall Group reported NPAT up 52.6% to $29.87m for the half-year ended 31 December 2012. Revenues from ordinary activities were $57.98m, down 2.8% from the same period last year. Diluted EPS was 9.68 cents compared to 6.17 cents last year. Net operating cash flow was $28.39m compared to $25.25m last year. The interim dividend declared was 9.80 cents compared with 9.10 cents last year.
The Age 25/05/2013 |
In the mid-1960s, when Australia's trade minister Sir John McEwen was urging Holden and Ford to seek export markets in Asia, the leader of one of Asia's poorest countries decided his country needed a car industry.
The Age 25/05/2013 |
Debts to tradespeople and suppliers by collapsed builder National Buildplan Group have blown out to $58 million but administrators say they are likely to recoup only cents in the dollar.
The Age 25/05/2013 |
There's a simple message in what appeared to be conflicting statements from the Federal Reserve, its chairman, Ben Bernanke, and an assortment of other Fed heavies this week about the timing of a move to re-tighten monetary policy.
The Age 25/05/2013 |
Investors are contemplating a future without support from one of the biggest drivers of the global economy in recent years - the US Federal Reserve.