Flagship Investments Limited (FSI)

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General Information
Company Name: Flagship Investments Limited
Stock Code: FSI
Website: www.flagshipinvestments.com.au
GICS Sub-Industry: Other Diversified Financial Services
Market Cap ($M): 39
Equiv. Shares (M): 24

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 1.630 $ 0.000 $ 0.000 $ 0.000 $ 1.630 0 0%

Company Overview

Business Description:
Flagship Investments Limited (FSI) is an investment company, primarily investing in listed Australian securities. The Company provides investors with access to a diversified Australian investment portfolio.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A 0.2 0.8 -81.0 146.3 6.5 5.3 100.0
2012  A 1.0 4.2 23.5 28.9 7.3 6.0 100.0
2011  A 0.9 3.4 -17.1 41.6 8.5 6.1 89.5
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
Challenger (CGF) $4,183 M 0.0430 0.0806 0.0147 13.5979 12.5838 12.4016 0.0254 0.0333 0.0373
Flagship Investments (FSI) $39 M -0.8009 -- -- 194.0476 -- -- 0.0399 -- --
Macquarie Group (MQG) $19,113 M 0.5572 0.1131 0.0565 16.2720 14.6184 13.8366 0.0631 0.0494 0.0535
Perpetual (PPT) $2,235 M 0.0917 0.3966 0.1947 26.9971 19.3305 16.1800 0.0271 0.0380 0.0527
Platinum Asset Mgmt (PTM) $3,836 M 0.0031 0.4987 0.0352 29.2737 19.5331 18.8695 0.0333 0.0473 0.0499

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
FSI 1.41 194.0 1.10 --
Market 1.20 14.4 0.99 1.07
Sector 1.27 17.0 1.15 1.17

Name Position Start Date
Mr Henry Robert Smerdon Chairman 01 January 2000
Dr Emmanuel (Manny) C Pohl Managing Director 26 September 1997
Mr Dominic McGann Non-Executive Director 08 October 2009
Mr Patrick Corrigan Non-Executive Director 01 May 2009
Ms Sophie Mitchell Non-Executive Director 11 June 2008

Name Position
Ian William Harrison Company Secretary

Substantial Shareholders
Holding Name
2,055,523 (9.00%) Patrick Corrigan AM
2,205,392 (9.10%) Global Masters Fund Ltd
6,690,831 (27.50%) Pohl, E.C
2,472,317 (10.20%) Wilson HTM Investment Group Ltd and associates

Calendar of Events
Date Event
20 February 2015 Report (Interim)
11 September 2014 Report (Annual)
25 August 2014 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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