EASTON INVESTMENTS LIMITED (EAS)



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General Information
Company Name: Easton Investments Limited
Stock Code: EAS
Website: www.equitiesandfreeholds.com.au
GICS Sub-Industry: Specialized Finance
Market Cap ($M): 7
Equiv. Shares (M): 65

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.105 $ 0.000 $ 0.000 $ 0.000 $ 0.105 0 0%

Company Overview

Business Description:
Easton Investments Limited (EAS) is an integrated wealth management business with Australian and Asian distribution capability, Asian and Australian funds management capabilities with investment strategy focuses on owning stakes in boutique businesses in both Funds Management and Financial Planning. EAS also invests in unlisted Wealth Management businesses through its subsidiary, Incito Group Limited and established EQF Asia. EAS’s business is organized into Easton Wealth Australian and Asia.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -1.7 -4.5 -- 0.0 0.0 0.0 --
2011  A -0.7 -2.1 -153.8 0.0 0.0 0.0 --
2010  A 0.6 3.9 -- 5.9 27.6 118.2 6.0
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
ASX (ASX) $6,848 M -0.0070 NaN 0.1005 19.6611 19.6433 17.8498 0.0455 0.0458 0.0505
Easton Investments (EAS) $7 M -- -- -- -- -- -- 0.0000 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
EAS 3.00 -- 0.63 --
Market 1.13 13.2 0.92 2.50
Sector 1.23 20.0 1.15 1.36

Directors
Name Position Start Date
Mr Campbell Gordon McComb Managing Director 12 October 2009
Mr Rodney Green Non-Executive Chairman 26 April 2012
Mr Jonathan Westaby Sweeney Non-Executive Director 12 October 2009

Management
Name Position
Thomas P. Almond Chief Operating Officer
Mark A Licciardo Company Secretary
Vincent F. Vozzo Director of Incito Group Ltd
Shane A. Bransby Managing Director of Chesterfields Financial Services Pty Ltd
Andrew J. Cochrane Managing Director of Cochrane Shaw Capital Management Pty Ltd

Substantial Shareholders
Holding Name
3,730,000 (9.93%) Sandhurst Trustees Ltd
5,863,953 (15.61%) Top Pocket Pty Ltd
3,303,107 (8.79%) Shane Anthony Bransby
2,000,000 (5.32%) Absolute Investment Funds SPC

Calendar of Events
Date Event
25 February 2014 Report (Interim)
12 September 2013 Report (Annual)
27 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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