Folkestone Limited (FLK)



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General Information
Company Name: Folkestone Limited
Stock Code: FLK
Website: www.folkestone.com.au
GICS Sub-Industry: Diversified Real Estate Activities
Market Cap ($M): 176
Equiv. Shares (M): 735

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.240 $ 0.235 $ 0.240 $ 0.235 $ 0.240 158,745 0%

Company Overview

Business Description:
Folkestone Limited (FLK) is a real estate funds management, investment and development Company. FLK has two main businesses in Australia namely property investment and development, and fund management.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A 2.8 0.7 116.1 27.6 0.0 0.0 --
2013  A 1.2 0.3 -- 39.0 0.0 0.0 --
2012  A -0.1 0.0 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Folkestone (FLK) $173 M 1.1612 -- -- 35.0746 -- -- 0.00 -- --
Lend Lease Group (LLC) $9,659 M 0.4790 -0.2936 0.1052 11.0367 15.6229 14.1352 4.27 3.22 4.21
Scentre (SCG) $19,913 M -0.6809 2.6814 0.0524 61.1111 16.6001 15.7739 5.45 5.59 5.83
Stockland (SGP) $10,628 M 0.0688 0.0845 0.0632 18.8206 17.3544 16.3221 5.33 5.33 5.39
Westfield Corporation (WFD) $19,846 M -0.4057 0.9386 0.1353 39.0753 20.1562 17.7542 5.13 3.38 3.57

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
FLK 2.65 35.8 1.71 --
Market 0.92 14.4 1.01 1.14
Sector 1.44 15.2 1.21 2.55

Directors
Name Position Start Date
Mr Gregory James Paramor Managing Director 04 May 2010
Mr Garry Roy Sladden Non-Executive Chairman 09 March 2011
Mr Mark W Baillie Non-Executive Director 19 February 2013
Mr Kenneth Ross Strang Non-Executive Director 09 March 2011

Management
Name Position
NJ Anagnostou Chief Executive Officer - Social Infrastructure Funds
TS Butcher Chief Financial Officer - Funds
Scott Nicholas Martin Chief Financial Officer,Company Secretary,Chief Executive Officer
MJ Stewien General Counsel
AJ Harrington Head of Funds Management
BP Dodwell Head of Real Estate

Substantial Shareholders
Holding Name
39,455,050 (8.22%) Phoonix Portfolios Pty Ltd
52,062,692 (9.98%) GJP Investments Pty Ltd
31,211,469 (6.76%) FDC Construction and Fitout Pty Ltd

Calendar of Events
Date Event
17 February 2016 Report (Interim)
20 August 2015 Report (Prelim)
20 August 2015 Report (Annual)
© 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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